[Senate Report 116-325]
[From the U.S. Government Publishing Office]


                                                  Calendar No. 306

116th Congress}                                           { Report
                                 SENATE
  2d Session  }                                           { 116-325

======================================================================   
 
            THE BIPARTISAN CONGRESSIONAL BUDGET REFORM ACT

                               __________

                              R E P O R T

                                 of the

                        COMMITTEE ON THE BUDGET

                          UNITED STATES SENATE

                              to accompany

                                S. 2765

                             together with

                            ADDITIONAL VIEWS

[GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT]


               December 15, 2020.--Ordered to be printed              

                             __________
               
               
                    U.S. GOVERNMENT PUBLISHING OFFICE                    
                           WASHINGTON : 2020                     
          
-----------------------------------------------------------------------------------                                                               
               
               
               
                        COMMITTEE ON THE BUDGET

                   MICHAEL B. ENZI, Wyoming, Chairman
CHARLES E. GRASSLEY, Iowa            BERNARD SANDERS, Vermont
MIKE CRAPO, Idaho                    PATTY MURRAY, Washington
LINDSEY O. GRAHAM, South Carolina    RON WYDEN, Oregon
PATRICK TOOMEY, Pennsylvania         DEBBIE STABENOW, Michigan
RON JOHNSON, Wisconsin               SHELDON WHITEHOUSE, Rhode Island
DAVID A. PERDUE, Georgia             MARK R. WARNER, Virginia
MIKE BRAUN, Indiana                  JEFF MERKLEY, Oregon
RICK SCOTT, Florida                  TIM KAINE, Virginia
JOHN KENNEDY, Louisiana              CHRIS VAN HOLLEN, Maryland
KEVIN CRAMER, North Dakota           KAMALA D. HARRIS, California
             Elizabeth McDonnell, Republican Staff Director
                Warren Gunnels, Minority Staff Director
                
                
                                                  Calendar No. 306

116th Congress}                                           { Report
                                 SENATE
  2d Session  }                                           { 116-325

======================================================================                  
              THE BIPARTISAN CONGRESSIONAL BUDGET REFORM ACT

                                _______
                                

               December 15, 2020.--Ordered to be printed

                                _______
                                

  Mr. Enzi, from the Committee on the Budget, submitted the following

                              R E P O R T

                             together with

                            ADDITIONAL VIEWS

                         [To accompany S. 2765]

      [Including cost estimate of the Congressional Budget Office]

    The Committee on the Budget, to which was referred the bill
(S. 2765) to improve Federal fiscal controls and the 
congressional budget process, having considered the same, 
reports favorably thereon with an amendment (in the nature of a 
substitute) and recommends that the bill, as amended, do pass.

                                CONTENTS

                                                                   Page
  I. Purpose..........................................................2
 II. Background and Need for Legislation..............................2
III. Summary of Provisions............................................2
 IV. Legislative History..............................................3
  V. CBO Cost Estimate................................................4
 VI. Regulatory Impact Statement......................................6
VII. Congressionally Directed Spending................................6
VIII.Section-by-Section Analysis......................................7

 IX. Committee Votes.................................................12
  X. Additional Views................................................16
 XI. Changes in Existing Law.........................................24
XII. Public Hearings.................................................97

                               I. Purpose

    The purpose of S. 2765, the Bipartisan Congressional Budget 
Reform Act, is to provide a more deliberative and transparent 
budget process focused on long-term fiscal planning. The 
legislation would transition the congressional budget process 
to a biennial cycle, improve procedures for Senate 
consideration and enforcement of budget resolutions, enhance 
fiscal transparency, and help end the brinksmanship surrounding 
the debt limit.

                II. Background and Need for Legislation

    The Congressional Budget and Impoundment Control Act of 
1974 was enacted to establish a new congressional budget 
process, Committees on the Budget in each House, a 
Congressional Budget Office (CBO), a procedure for providing 
congressional control over the impoundment of funds by the 
executive branch, and for other purposes. Titles I through IX 
of that Act are cited as the ``Congressional Budget Act of 
1974.'' Parts A and B of title X are cited as the ``Impoundment 
Control Act of 1974.''
    In the intervening 45 years since the law's enactment, the 
budgeting and spending process has deteriorated. Government 
shutdowns, continuing resolutions, threats of default, and the 
failure to pass or adhere to budget resolutions are all 
symptoms of a dysfunctional system.
    S. 2765, the Bipartisan Congressional Budget Reform Act, 
will not fix all of our fiscal challenges, but it marks an 
important step forward in improving a broken budget process. 
This legislation is the result of years of careful 
consideration by senators on both sides of the aisle. Reporting 
this measure marks the first bipartisan budget process reform 
legislation to be advanced by the Senate Committee on the 
Budget in nearly 30 years.

                       III. Summary of Provisions

    S. 2765 would do the following:

   Move the budget resolution from an annual cycle to a 
        2-year cycle, while maintaining annual appropriations.
   Focus on fiscal sustainability by requiring the 
        budget resolution to establish a debt-to-gross domestic 
        product (GDP) target backed by a deficit-reducing 
        special reconciliation process to promote budget 
        adherence.
   Maintain existing reconciliation practices and 
        procedures.
   Require more involvement from Senate spending and 
        tax-writing committees to better inform the development 
        of the budget resolution.
   Create a mechanism within the regular budget process 
        to conform the debt limit to levels called for in the 
        budget resolution.
   Establish an optional bipartisan pathway through 
        which statutory discretionary spending caps could be 
        set for 2 years, and the debt limit could be aligned 
        with budget resolution levels. The support of at least 
        60 Senators, including at least 15 members of the 
        minority, would be required under this pathway.
   Provide a more orderly process for Senate 
        consideration of budget resolutions that preserves the 
        ability of Senators on both sides of the aisle to offer 
        amendments.
   Rename the Senate Committee on the Budget the 
        Committee on Fiscal Control and the Budget, and make 
        the chairs and ranking members of the Appropriations 
        and Finance Committees non-voting members of the 
        committee. In cases where the chair or ranking member 
        of either of those committees already serves on the 
        committee in his or her individual capacity, that 
        member would retain voting privileges.
   Enhance fiscal transparency by requiring that up-to-
        date tabulations of congressional budget action be 
        publicly posted.
   Require CBO and the Government Accountability Office 
        (GAO) to regularly review and report to Congress on 
        portfolios of Federal spending and tax expenditures to 
        help lawmakers make more informed budgetary decisions.
   Require CBO to provide additional public reports, 
        such as reviews of the accuracy of its past projections 
        and cost estimates and reports on its future 
        transparency actions. The bill would also require 
        interest costs to be included in cost estimates of 
        direct spending, revenue, and supplemental 
        appropriations measures. It would mandate that CBO 
        publish public scores of appropriations measures when 
        they are approved by committee, which will provide 
        additional information on advanced appropriations and 
        changes in mandatory programs (CHIMPs).

                        IV. Legislative History

    S. 2765, the Bipartisan Congressional Budget Reform Act, 
was introduced on October 31, 2019, by Senators Mike Enzi [R-
WY], Sheldon Whitehouse [D-RI], Charles Grassley [R-IA], Tim 
Kaine [D-VA], Mike Crapo [R-ID], Angus King [I-ME], Lindsey 
Graham [R-SC], Chris Coons [D-DE], John Barrasso [R-WY], Roy 
Blunt [R-MO], Ron Johnson [R-WI], David Perdue [R-GA], John 
Kennedy [R-LA], Kevin Cramer [R-ND], and Mike Braun [R-IN]. The 
bill was read twice and referred to the Senate Committee on the 
Budget. Senators Rick Scott [R-FL] and Mark Warner [D-VA] 
joined as cosponsors on November 5, 2019. Subsequently, 
Senators John Cornyn [R-TX], Lamar Alexander [R-TN], Joni Ernst 
[R-IA], Deb Fischer [R-NE], James Lankford [R-OK], and James 
Risch [R-ID] have all joined as cosponsors.
    The Committee considered S. 2765 at a business meeting on 
November 6, 2019. Chairman Mike Enzi and Senator Whitehouse 
offered a substitute amendment that reflected bipartisan 
improvements and technical corrections. The Committee adopted 
the substitute amendment, as well as amendments offered by 
Senators Toomey, Kaine, and Van Hollen. On November 6, 2019, 
the Committee ordered the Act, as amended, be reported 
favorably by roll call vote. Senators present for the vote on 
reporting the Act, as amended, included: Enzi, Grassley, Crapo, 
Graham, Toomey, Johnson, Perdue, Braun, Scott, Cramer, Murray, 
Wyden, Stabenow, Whitehouse, Warner, Merkley, Kaine, and Van 
Hollen. On November 13, 2019, S. 2765 was reported favorably 
with an amendment (in the nature of a substitute).

                          V. CBO Cost Estimate

[GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT]


                    VI. Regulatory Impact Statement

    In accordance with paragraph 11(b) of rule XXVI of the 
Standing Rules of the Senate, the Committee provides the 
following evaluation of the regulatory impact of the 
legislation, as reported:

                       NUMBER OF PERSONS COVERED

    S. 2765, as reported, would have no effect on the number or 
types of individuals and businesses regulated.

                            ECONOMIC IMPACT

    S. 2765, as reported, is not expected to have a negative 
impact on the Nation's economy.

                                PRIVACY

    S. 2765, as reported, is not expected to have an adverse 
impact on the personal privacy of individuals.

                                PAPERWORK

    S. 2765, as reported, would not increase paperwork 
requirements. The legislation does place additional reporting 
requirements on the Congressional Budget Office, the Government 
Accountability Office (GAO), and the Office of Management and 
the Budget in order to improve transparency in the Federal 
budget and spending processes.

                 VII. Congressionally Directed Spending

    In compliance with paragraph 4(b) of rule XLIV of the 
Standing Rules of the Senate, the Committee provides that no 
provisions contained in the bill, as reported, meet the 
definition of congressionally directed spending items under the 
rule.

                   VIII. Section-by-Section Analysis


Section 1. Short title.

    This section identifies the short title of the Act as the 
``Bipartisan Congressional Budget Reform Act.''

Section 2. Table of contents.

    This section provides for the Act's table of contents.

                TITLE I--BUDGET TIMELINE AND INFORMATION


Section 101. Revision of timetable.

    This section amends section 300 of the Congressional Budget 
Act of 1974 and provides a new timetable with respect to the 
congressional budget process. The budget process will move to a 
biennial cycle, and the President will be required to submit an 
administrative budget by December 1st each year. This removes 
the need for the CBO to produce 2 separate baselines early in 
the year and provides Congress with necessary budget 
information earlier in the process. The deadline for committee 
views and estimates letters in the Senate is moved to March 
1st, and the target for completion of action on a congressional 
budget resolution is changed to May 15th. This section also 
contains an alternative timeline to accommodate the first year 
of a new presidential administration.

Section 102. Budget submissions by the President.

    This section amends title 31 of the United States Code, 
which governs the contents of the President's budget, to 
reflect the change to a biennial budget cycle. The required 
elements of the administrative budget are also specified.

Section 103. Baseline construction.

    This section amends section 257(c) of the Balanced Budget 
and Emergency Deficit Control Act of 1985 and provides that 
discretionary appropriations designated as emergency, overseas 
contingency operations, or in a manner that makes spending not 
subject to congressional enforcement under section 302 or 
section 311 of the Congressional Budget Act of 1974, shall not 
be assumed to continue in future years.

Section 104. Report on debt-to-GDP targets.

    This section directs CBO, not later than February 15th of 
each even-numbered year, to report on whether the ratio of the 
debt held by the public to GDP of the United States set by the 
most recently agreed to concurrent resolution on the budget 
will be achieved.

   TITLE II--BIENNIAL BUDGETING, CONTENTS OF BUDGET RESOLUTION, AND 
                           BIPARTISAN BUDGETS


Section 201. Biennial budgeting generally.

    The budget resolution process moves to a biennial cycle 
with a resolution agreed to in the first year and additional 
enforcement tools available in the second year of the biennium.

Section 202. Contents of concurrent resolution on the budget.

    This section amends section 301 of the Congressional Budget 
Act of 1974 to reflect the move to a biennial budget cycle. It 
requires topline discretionary spending levels be included in 
the budget resolution text and those figures to show 
discretionary spending that would be immediately allocated to 
the Appropriations Committee and spending that would be held in 
reserve for other purposes or excluded from allocation totals. 
This section also requires mandatory spending to be displayed 
on a budget function basis and the inclusion of figures showing 
annual debt subject to limit, debt held by the public, and the 
underlying GDP assumed in the concurrent resolution. The budget 
resolution shall also include a projected debt-to-GDP target 
for each year covered by the budget resolution. While the 
budget resolution remains a concurrent resolution, a new 
mechanism is established under a new section 316 of the 
Congressional Budget Act of 1974 to automatically generate a 
joint resolution to conform the debt limit to the levels called 
for in the budget resolution.
    An optional pathway is also created for bipartisan budget 
resolutions reported by the Committee with the support of not 
less than half of the members of the majority party and not 
less than half of the members of the minority party of the 
Committee. Such bipartisan budgets may receive expedited 
consideration in the Senate under procedures jointly agreed to 
by the Senate majority and minority leaders. Under this 
section, adoption of a bipartisan budget resolution in the 
Senate requires the support of at least 60 Senators, including 
at least 15 members of the minority party; if this threshold is 
not met, the budget resolution is returned to the Committee on 
the Budget. Upon adoption of such a resolution, a joint 
resolution is automatically generated to conform the debt limit 
to the levels called for in the budget resolution and establish 
statutory discretionary spending caps for the biennium. The 
motion to proceed to appropriations measures in the first 
biennium covered by a bipartisan budget is non-debatable. 
Additionally, numerically insignificant budget points of order 
would not apply, subject to the discretion of the Chairman of 
the Committee on Fiscal Control and the Budget.

Section 203. Additional matters relating to concurrent resolution.

    This section amends section 301(d) of the Congressional 
Budget Act of 1974 to require Senate committees to submit views 
and estimates on the contents of the budget resolution by March 
1st. Committees are required to include plans responsive to 
CBO's most recent report on unauthorized appropriations as well 
as plans for improved government performance based on relevant 
Inspectors General and GAO reports and recommendations. The 
House and Senate tax-writing committees are required to include 
revenue outlooks and estimates of the budgetary effects of any 
tax changes the committees plan to seek, including the 
extension of expiring tax provisions. Tax expenditures are made 
optional content in a budget resolution. The inclusion of the 
optional tax expenditure data is done for supplemental 
informational purposes, as the budgetary effects of tax 
expenditures are already factored into the resolution's 
functional spending and aggregated revenue and spending 
figures.

Section 204. Committee allocations.

    This section includes conforming changes to reflect the 
move to a biennial budget cycle and the revised budget 
timetable.

Section 205. Section 303 point of order.

    This section includes conforming changes to reflect the 
move to a biennial budget cycle and the revised budget 
timetable.

Section 206. Permissible revisions of concurrent resolutions on the 
        budget.

    This section includes conforming changes to reflect the 
move to a biennial budget cycle and the revised budget 
timetable.

Section 207. Procedures for consideration of budget resolutions.

    This section includes conforming changes to reflect the 
move to a biennial budget cycle and the revised budget 
timetable.

Section 208. Completion of House action on appropriation bills.

    This section includes conforming changes to reflect the 
move to a biennial budget cycle and the revised budget 
timetable.

Section 209. Reconciliation process.

    This section includes conforming changes to reflect the 
move to a biennial budget cycle and the revised budget 
timetable.

Section 210. Section 311 point of order.

    This section includes conforming changes to reflect the 
move to a biennial budget cycle and the revised budget 
timetable.

Section 211. Maximum deficit amount point of order.

    This section includes conforming changes to reflect the 
move to a biennial budget cycle and the revised budget 
timetable.

         TITLE III--COMMITTEE ON FISCAL CONTROL AND THE BUDGET


Section 301. Committee on Fiscal Control and the Budget of the Senate.

    This section renames the Senate Committee on the Budget the 
Senate Committee on Fiscal Control and the Budget. This section 
also makes the chairs and ranking members of both the 
Appropriations and Finance Committees ex officio, non-voting 
members of the Committee on Fiscal Control and the Budget.

Section 302. Technical and conforming amendments.

    This section amends the Congressional Budget Act of 1974, 
the Balanced Budget and Emergency Deficit Control Act of 1985, 
the Statutory Pay-As-You-Go Act, and other legislation to 
reflect the renamed Senate committee.

Section 303. References.

    This section provides that any reference in any law, 
regulation, map, document, record, or other paper of the United 
States to the Committee on the Budget of the Senate shall be 
deemed a reference to the Committee on Fiscal Control and the 
Budget of the Senate.

             TITLE IV--SPECIAL RECONCILIATION INSTRUCTIONS


Section 401. Special reconciliation instructions.

    This section provides a means to initiate a special 
reconciliation process in the event the CBO report required by 
section 104 of this Act indicates that the debt-to-GDP target 
under the most recently agreed to concurrent budget resolution 
will not be achieved. If applicable, no later than April 15th 
of the second year of the biennium, the Committee on Fiscal 
Control and the Budget shall report to the Senate a resolution 
specifying: (1) the total level of deficit reduction and the 
period during which it is to be achieved under the special 
reconciliation process and (2) reconciliation instructions to 
one or more Senate committees specifying the total amount of 
deficit reduction to be achieved through changes in laws within 
the jurisdiction of each such committee (all reconciliation 
instructions must reduce the deficit through changes to 
spending and/or revenue levels). The motion to proceed to a 
special reconciliation resolution is non-debatable, and debate 
on the resolution is limited to 10 hours. The consideration of 
amendments to the resolution shall alternate between amendments 
offered by members of the minority party and amendments offered 
by members of the majority.
    Not later than May 15th, instructed committees are required 
to submit their recommended changes to the Committee on Fiscal 
Control and the Budget. The Committee on Fiscal Control and the 
Budget shall report to the full Senate special reconciliation 
legislation carrying out all recommended changes without 
substantive revision, except in the case of committees that 
fail to report compliant recommendations. In such case, to 
induce compliance, the Committee on Fiscal Control and the 
Budget may report changes in laws within the jurisdiction of a 
noncompliant committee to meet that committee's agreed upon 
instruction. Special reconciliation legislation shall be 
considered in the Senate under the same procedures as regular 
reconciliation legislation. The existing Byrd Rule, including 
the prohibition against direct changes to Social Security 
levels, applies to this process. The Act outlines a special 
rule for revenue measures reported pursuant to this section.

      TITLE V--CONGRESSIONAL BUDGET ENFORCEMENT AND ACCOUNTABILITY


Section 501. Up-to-date tabulations of congressional budget action.

    Under this section, the Chair of the House Committee on the 
Budget and the Chair of the Senate Committee on Fiscal Control 
and the Budget are required to release, and make available to 
the public, scorekeeping reports tracking compliance with the 
budget. These scorekeeping reports shall track current law 
levels of spending and revenue with the concurrent resolution's 
allowable spending, both on an aggregate and committee-based 
basis, and revenue levels.

Section 502. Surgical strike point of order relating to legislation 
        dealing with the congressional budget.

    Section 306 of the Congressional Budget Act of 1974 
provides a point of order against legislation dealing with a 
matter within the Committee on the Budget's jurisdiction unless 
that legislation has been reported by, or is amending 
legislation reported by, the Senate Committee on the Budget. 
This section makes the current section 306 point of order 
surgical, so that if sustained, it only strikes the offending 
provision, while the rest of the measure remains pending before 
the Senate.

Section 503. Global waiver for general budget points of order.

    This section disallows the use of global, preemptive 
waivers for surgical points of order. This ensures that points 
of order that could immediately remedy the text, by removing 
the offending provisions of the legislation, could be 
considered without unduly disrupting floor operations.

Section 504. Point of order against certain changes in mandatory 
        programs affecting the Crime Victims Fund.

    This section establishes a point of order against certain 
CHIMPs affecting the Crime Victims Fund.

Section 505. Impoundments.

    This section amends the Impoundment Control Act of 1974 to 
increase public reporting of the Office of Management and 
Budget's apportionment process and install a timing restraint 
on administrative deferral or rescission efforts under that 
Act.

Section 506. Effective date.

    This section clarifies that title V of this Act shall take 
effect on the date of enactment.

                           TITLE VI--REPORTS


Section 601. Reports to the Committee on Fiscal Control and the Budget 
        of the Senate and the Committee on the Budget of the House of 
        Representatives.

    This section requires CBO to review and report to Congress 
on the accuracy of its past economic and baseline projections, 
review the accuracy of past cost estimates, and submit an 
annual plan outlining current and future transparency 
initiatives. It also requires CBO to make available important 
information underlying the cost estimates of major legislation 
and reports related to the ratio of debt held by the public-to-
GDP.

Section 602. Reporting on interest effects and budgetary effects.

    This section requires CBO to include, as supplemental 
information, projected interest costs in its estimates for 
mandatory spending programs, revenue changes, and supplemental 
appropriations bills. This section requires CBO to include 10 
years of estimates of spending subject to appropriations, 
doubling the current requirement of 5 years. It also requires 
CBO to produce public estimates of appropriations legislation 
that include the costs associated with any advanced 
appropriations or CHIMPs.

Section 603. Portfolio budgeting.

    This section requires CBO and GAO to regularly review and 
report to Congress on portfolios of Federal spending and tax 
expenditures. Specifically, the agencies will identify Federal 
investments in duplicative, overlapping, and fragmented 
programs, along with long-term funding trends. Portfolio 
reports shall occur on a staggered 5-year, recurring cycle.

Section 604. Budget contents and submission to Congress.

    This section requires the President's budget to include 
legislative proposals and justifications for changes related to 
the portfolio reviewed by CBO and GAO for the relevant fiscal 
year.

     TITLE VII--MODIFICATION OF CONSIDERATION OF BUDGET RESOLUTION


Section 701. Modification of consideration of budget resolution.

    This section amends section 305(b) of the Congressional 
Budget Act of 1974 to provide a new process for Senate 
consideration of the budget resolution. The 50-hour limit on 
Senate debate of a budget resolution is changed to a limit on 
consideration. General debate on the resolution is limited to 
20 hours and all remaining time is reserved for amendments. The 
consideration of amendments shall alternate between those 
offered by members of the majority and those offered by members 
of the minority to ensure the ability of Senators from both 
parties to offer amendments. In the event members of the 
majority or minority no longer have amendments for 
consideration, the remaining amendments shall be processed 
until disposed of, without regard for alternation. The maximum 
debate time on first degree amendments is reduced from 2 hours 
to 1 hour to allow for the consideration of more amendments.
    Such changes only apply to Senate consideration of budget 
resolutions; they do not: (1) preclude adoption of a managers' 
package, (2) apply to reconciliation bills, or (3) change 
procedures in the House of Representatives.

                       TITLE VIII--EFFECTIVE DATE


Section 801. Effective date; applicability.

    This section prescribes that some of the provisions in the 
Act, including the requirement for CBO cost estimates to 
include interest effects and the new enforcement provisions, 
take effect immediately upon enactment of the legislation. The 
biennial budget cycle and special reconciliation begin in 
fiscal year 2022 with the start of the 117th Congress.

                          IX. Committee Votes

    On November 4, 2019, Senators Enzi and Whitehouse provided 
a substitute amendment to S. 2765, the Bipartisan Congressional 
Budget Reform Act, to Budget Committee Member offices.
    On November 6, 2019, with a quorum present, the Chairman of 
the Senate Committee on the Budget held a Markup to consider S. 
2765. The substitute amendment offered by Senators Enzi and 
Whitehouse was adopted by unanimous consent and served as 
original text for purposes of further amendment. The following 
votes were taken during the Committee markup of S. 2765:
    1. An amendment offered by Senators Wyden, Murray, and 
Stabenow to strike title IV of the bill.
    The amendment was not agreed to by a roll call vote of 7 
ayes and 14 noes.

 
------------------------------------------------------------------------
  Name &                     Answer     Name &                   Answer
  State      Aye     No     Present     State      Aye     No    Present
------------------------------------------------------------------------
ENZI (WY)             X               SANDERS       X
 (Chairma                              (VT)
 n)                                    (Ranking
                                       )
------------------------------------------------------------------------
GRASSLEY              X               MURRAY        X
 (IA)                                  (WA)
------------------------------------------------------------------------
CRAPO                 X               WYDEN         X
 (ID)                                  (OR)
------------------------------------------------------------------------
GRAHAM                X               STABENOW      X
 (SC)                                  (MI)
------------------------------------------------------------------------
TOOMEY                X               WHITEHOUS            X
 (PA)                                  E (RI)
------------------------------------------------------------------------
JOHNSON               X               WARNER               X
 (WI)                                  (VA)
------------------------------------------------------------------------
PERDUE                X               MERKLEY       X
 (GA)                                  (OR)
------------------------------------------------------------------------
BRAUN                 X               KAINE                X
 (IN)                                  (VA)
------------------------------------------------------------------------
SCOTT                 X               VAN           X
 (FL)                                  HOLLEN
                                       (MD)
------------------------------------------------------------------------
KENNEDY               X               HARRIS        X
 (LA)                                  (CA)
------------------------------------------------------------------------
CRAMER                X
 (ND)
------------------------------------------------------------------------

    2. An amendment offered by Senator Toomey to curtail the 
use of CHIMPs affecting the Crime Victims Fund to inflate 
spending.
    The amendment was agreed to by a voice vote.
    3. An Amendment offered by Senator Merkley to require CBO 
to report on the distributional effects of reconciliation 
bills.
    The amendment was not agreed to by a roll call vote of 10 
ayes and 11 noes.

 
------------------------------------------------------------------------
  Name &                     Answer     Name &                   Answer
  State      Aye     No     Present     State      Aye     No    Present
------------------------------------------------------------------------
ENZI (WY)             X               SANDERS       X
 (Chairma                              (VT)
 n)                                    (Ranking
                                       )
------------------------------------------------------------------------
GRASSLEY              X               MURRAY        X
 (IA)                                  (WA)
------------------------------------------------------------------------
CRAPO                 X               WYDEN         X
 (ID)                                  (OR)
------------------------------------------------------------------------
GRAHAM                X               STABENOW      X
 (SC)                                  (MI)
------------------------------------------------------------------------
TOOMEY                X               WHITEHOUS     X
 (PA)                                  E (RI)
------------------------------------------------------------------------
JOHNSON               X               WARNER        X
 (WI)                                  (VA)
------------------------------------------------------------------------
PERDUE                X               MERKLEY       X
 (GA)                                  (OR)
------------------------------------------------------------------------
BRAUN                 X               KAINE         X
 (IN)                                  (VA)
------------------------------------------------------------------------
SCOTT                 X               VAN           X
 (FL)                                  HOLLEN
                                       (MD)
------------------------------------------------------------------------
KENNEDY               X               HARRIS        X
 (LA)                                  (CA)
------------------------------------------------------------------------
CRAMER                X
 (ND)
------------------------------------------------------------------------

    4. An amendment offered by Senator Perdue to align the 
fiscal year with the calendar year.
    The amendment was not agreed to by a roll call vote of 9 
ayes and 12 noes.

 
------------------------------------------------------------------------
  Name &                     Answer     Name &                   Answer
  State      Aye     No     Present     State      Aye     No    Present
------------------------------------------------------------------------
ENZI (WY)             X               SANDERS              X
 (Chairma                              (VT)
 n)                                    (Ranking
                                       )
------------------------------------------------------------------------
GRASSLEY              X               MURRAY               X
 (IA)                                  (WA)
------------------------------------------------------------------------
CRAPO         X                       WYDEN                X
 (ID)                                  (OR)
------------------------------------------------------------------------
GRAHAM                X               STABENOW             X
 (SC)                                  (MI)
------------------------------------------------------------------------
TOOMEY                X               WHITEHOUS            X
 (PA)                                  E (RI)
------------------------------------------------------------------------
JOHNSON               X               WARNER        X
 (WI)                                  (VA)
------------------------------------------------------------------------
PERDUE        X                       MERKLEY       X
 (GA)                                  (OR)
------------------------------------------------------------------------
BRAUN         X                       KAINE         X
 (IN)                                  (VA)
------------------------------------------------------------------------
SCOTT         X                       VAN           X
 (FL)                                  HOLLEN
                                       (MD)
------------------------------------------------------------------------
KENNEDY               X               HARRIS               X
 (LA)                                  (CA)
------------------------------------------------------------------------
CRAMER        X
 (ND)
------------------------------------------------------------------------

    5. An amendment offered by Senators Kaine, Wyden, Murray, 
Whitehouse, Warner, and Merkley to include tax expenditures in 
the portfolio budgeting reporting requirements.
    The amendment was agreed to by a voice vote.
    6. An amendment offered by Senator Van Hollen to modify the 
requirements of the Impoundment Control Act of 1974.
    The amendment was agreed to by a roll call vote of 13 ayes 
and 8 noes.

 
------------------------------------------------------------------------
  Name &                     Answer     Name &                   Answer
  State      Aye     No     Present     State      Aye     No    Present
------------------------------------------------------------------------
ENZI (WY)             X               SANDERS       X
 (Chairma                              (VT)
 n)                                    (Ranking
                                       )
------------------------------------------------------------------------
GRASSLEY              X               MURRAY        X
 (IA)                                  (WA)
------------------------------------------------------------------------
CRAPO                 X               WYDEN         X
 (ID)                                  (OR)
------------------------------------------------------------------------
GRAHAM        X                       STABENOW      X
 (SC)                                  (MI)
------------------------------------------------------------------------
TOOMEY        X                       WHITEHOUS     X
 (PA)                                  E (RI)
------------------------------------------------------------------------
JOHNSON               X               WARNER        X
 (WI)                                  (VA)
------------------------------------------------------------------------
PERDUE        X                       MERKLEY       X
 (GA)                                  (OR)
------------------------------------------------------------------------
BRAUN                 X               KAINE         X
 (IN)                                  (VA)
------------------------------------------------------------------------
SCOTT                 X               VAN           X
 (FL)                                  HOLLEN
                                       (MD)
------------------------------------------------------------------------
KENNEDY               X               HARRIS        X
 (LA)                                  (CA)
------------------------------------------------------------------------
CRAMER                X
 (ND)
------------------------------------------------------------------------

    Following the roll call vote on Senator Van Hollen's 
amendment, the Committee stood in recess subject to the call of 
the Chair to accommodate votes on the Senate floor. Upon 
reconvening, Chairman Enzi made a motion to report the bill 
favorably, as amended. The motion was agreed to and S. 2765, as 
amended, was reported favorably by a roll call vote of 15 ayes 
and 6 noes.

 
------------------------------------------------------------------------
  Name &                     Answer     Name &                   Answer
  State      Aye     No     Present     State      Aye     No    Present
------------------------------------------------------------------------
ENZI (WY)     X                       SANDERS              X
 (Chairma                              (VT)
 n)                                    (Ranking
                                       )
------------------------------------------------------------------------
GRASSLEY      X                       MURRAY               X
 (IA)                                  (WA)
------------------------------------------------------------------------
CRAPO         X                       WYDEN                X
 (ID)                                  (OR)
------------------------------------------------------------------------
GRAHAM        X                       STABENOW             X
 (SC)                                  (MI)
------------------------------------------------------------------------
TOOMEY        X                       WHITEHOUS     X
 (PA)                                  E (RI)
------------------------------------------------------------------------
JOHNSON       X                       WARNER        X
 (WI)                                  (VA)
------------------------------------------------------------------------
PERDUE        X                       MERKLEY              X
 (GA)                                  (OR)
------------------------------------------------------------------------
BRAUN         X                       KAINE         X
 (IN)                                  (VA)
------------------------------------------------------------------------
SCOTT         X                       VAN           X
 (FL)                                  HOLLEN
                                       (MD)
------------------------------------------------------------------------
KENNEDY       X                       HARRIS               X
 (LA)                                  (CA)
------------------------------------------------------------------------
CRAMER        X
 (ND)
------------------------------------------------------------------------


                          X. Additional Views

               ADDITIONAL VIEWS OF SENATOR CHUCK GRASSLEY

             Statement on Budget Process Reform Legislation

    I thank Chairman Enzi for his leadership in arriving at 
bipartisan legislation to fix our broken budget and spending 
process. I also appreciate the work that Senator Whitehouse has 
put into development of the legislation.
    Chairman Enzi has held many hearings and meetings with 
Members of Congress and stakeholders to ensure that the process 
through which this legislation was developed has been open, 
transparent, and thorough.
    At a time when bipartisan accomplishments are often hard to 
come by, Chairman Enzi has worked tirelessly to arrive at 
bipartisan proposals to help manage the Nation's finances and 
increase oversight and accountability in the budget process.
    I support the budget reform legislation that we will 
consider today. And I again express my appreciation for 
Chairman Enzi's leadership and Senator Whitehouse's hard work 
on this effort.

                                                    Chuck Grassley.

              ADDITIONAL VIEWS OF SENATOR CHRIS VAN HOLLEN

      Statement on the Bipartisan Congressional Budget Reform Act

    I supported advancing the Bipartisan Congressional Budget 
Reform Act in the Senate Budget Committee to move the process 
forward on the impoundment control measures adopted by the 
committee on a bipartisan basis, but I have strong reservations 
about other aspects of this legislation that must be addressed 
before I support this legislation on the Senate floor.
    I oppose the special reconciliation instructions in title 
IV of the bill, and I supported the amendment to strike that 
title from the bill. This special reconciliation process is 
triggered in the second year of the budget resolution if CBO 
projects that the debt-to-GDP ratio will exceed the budget 
resolution's target. This is especially likely to happen when 
the economy is in recession--sending exactly the wrong signal 
to push Congress toward fiscal austerity when economic recovery 
measures are most desperately needed. I am especially concerned 
that this process reduces transparency and accountability in 
ways that could make it easier for a future Congress to make 
deeply destructive cuts to important middle-class programs like 
Medicare and Medicaid.
    I am also concerned about title VII of the bill, which 
curtails the rights of Senators to offer amendments to a budget 
resolution. This eliminates one of the few places where 
Senators have an open amendment process, replacing it with a 
system in which the majority leader and minority leader will 
take turns deciding which amendment gets a vote. I support the 
structured amendment process in the bill only if Senators can 
still offer amendments at the end of that process.
    I voted to advance this legislation through the committee 
because it now includes urgently needed reforms to reassert the 
congressional power of the purse. I offered an amendment to 
include provisions in this bill to strengthen the Impoundment 
Control Act of 1974, in order to prevent any administration 
from permanently withholding funds for congressionally mandated 
programs. This committee sent a powerful signal by adopting the 
amendment on a bipartisan basis.
    The Impoundment Control Act allows the President to 
withhold funds for up to 45 days after proposing legislation to 
Congress to rescind those funds, but the funds must be released 
unless Congress passes that rescission legislation. President 
Trump has repeatedly considered abusing this rule to withhold 
funds that are about to expire, thereby canceling them 
regardless of whether Congress passes a rescission bill. The 
Government Accountability Office has determined that this would 
be illegal, and the amendment passed by the Senate Budget 
Committee as part of this legislation builds on that legal 
opinion with stronger rules to ensure that funds are made 
available for obligation before they expire.
    Additionally, the amendment requires increased disclosure 
of how the executive branch is making funds available to be 
spent. This would reveal situations where the executive branch 
is withholding funds without telling Congress--as was recently 
uncovered with Ukrainian foreign aid, and which the Government 
Accountability Office discovered in 2017 at the Energy 
Department's Advanced Research Projects Agency.
    I hope that Congress will act decisively to enact these 
reforms to the Impoundment Control Act, and look forward to 
working with colleagues on both sides of the aisle to consider 
how to best reform the budget process.
                                                  Chris Van Hollen.
  REPORT BY THE CENTER ON BUDGET AND POLICY PRIORITIES, SUBMITTED BY 
                           SENATOR RON WYDEN
Automatic Reconciliation an Undesirable Part of Enzi-Whitehouse Budget 
 Process Bill--Could Drive Harmful Budget Cuts, Unsound Economic Policy

      [By Richard Kogan and Joel Friedman, dated November 4, 2019]

    The Senate Budget Committee is scheduled to consider legislation 
this week from Chairman Mike Enzi and Committee member Sheldon 
Whitehouse that would alter the congressional budget process in highly 
problematic ways. Although the bill includes positive elements (see 
[enzi-whitehouse also has positive elements below]), it also includes a 
significant land mine--a requirement that Congress craft and consider 
deficit-reduction legislation under highly expedited ``reconciliation'' 
procedures if the Congressional Budget Office (CBO) finds that the debt 
projection for the final year that the congressional budget resolution 
covers (e.g., the 10th year of the 10-year budget resolution that 
Congress adopted the previous year) is higher than that reflected in 
the budget resolution. That finding is very likely, history shows, and 
it could drive deep cuts in mandatory programs such as Medicare, 
Medicaid, health insurance subsidies, SNAP, and Supplemental Security 
Income (SSI)--and at a time when the economy is weak, thus making the 
economy still weaker.
    Enzi-Whitehouse (S. 2765) would shift the congressional budget 
resolution from an annual document to one that covers two years. Under 
the bill, Congress would approve a budget resolution in the first year 
of a two-year session. Then, on February 15 of the second year, CBO 
would calculate whether the debt ratio--the debt held by the public as 
a share of the economy (gross domestic product, or GDP)--for the final 
year of the budget resolution would exceed the debt ratio projected for 
that year in the budget resolution that Congress adopted a year 
earlier. Such a CBO calculation would trigger a new, automatic deficit-
reduction process. That new, automatic process would be even more 
expedited than the current reconciliation process on which it's 
modeled, though it also differs from that process in crucial ways and 
has major flaws.
    Tying reconciliation to debt estimates that can vary widely from 
year to year is ill-advised fiscal policy for several reasons. It 
likely would drive the public debate toward hitting an ever-moving 
debt-ratio figure and away from using the budget to address key 
national issues. Most worrisome, the new, automatic deficit-reduction 
process would likely increase the chances that policymakers would make 
budget cuts (thus, imposing austerity) at times when the economy is 
weak or in recession, which would further weaken the economy. In 
addition, the new process would confer sweeping new powers on the 
Senate Budget Committee while weakening the Senate as a whole--and its 
authorizing committees in particular--in developing important fiscal 
policies.\1\
---------------------------------------------------------------------------
    \1\Although the bill proposes changes to the entire congressional 
budget process, it addresses only Senate procedures. The Senate 
sponsors of this legislation presumably expect that the House would add 
parallel House procedures if it were to consider the bill.
---------------------------------------------------------------------------
    Enzi-Whitehouse also would retain the existing reconciliation 
process, prompting the question of why a second one is needed.
               enzi-whitehouse also has positive elements
    Some elements of Enzi-Whitehouse could prove helpful, most notably 
a provision that could reduce dangerous brinksmanship around raising 
the statutory debt limit. The bill provides that, if Congress agrees to 
a budget resolution, legislation raising the debt limit to the level in 
that resolution would be deemed to have passed Congress and go directly 
to the President, avoiding separate House and Senate votes solely on 
the debt limit. Known as the ``Gephardt procedure'' (after the former 
Democratic Majority Leader who spearheaded a similar rule in the 
House), this provision would substantially reduce the risk of a harmful 
federal default and of artificial crises in which a minority can 
threaten to force a default to obtain concessions on other issues. An 
even better approach would be to repeal the debt limit (see https://
www.cbpp.org/blog/the-debt-ceiling-scrap-it-or-adopt-the-danes-great-
approach) or, as a fallback, to suspend the debt limit for the duration 
of the time that an approved budget resolution is in effect.
    The bill also would move budget resolutions to a biennial schedule, 
which could be a more realistic approach to designing budget plans, 
while retaining the role of annual appropriations bills to fund the 
government on an annual basis.
   reconciliation should not be tied to uncertain budget projections
    The process that would trigger a new, automatic reconciliation 
process could force budget cuts that are disconnected from a solid 
policy rationale. The projected final-year debt ratio might exceed the 
level projected in the budget resolution:

   Because, even though the debt ratio is falling, it's not 
        falling as fast as the budget resolution assumed; or
   Because Congress rejected a deficit-reduction plan of 
        spending cuts and/or tax increases the previous year or the 
        President vetoed it; or
   Because the Federal Reserve set interest rates somewhat 
        higher than the budget resolution had assumed, increasing 
        interest costs and thereby leading to higher deficits and debt; 
        or
   Because of purely technical reasons related to underlying 
        demographic and other assumptions about current-law spending 
        and revenue levels, unrelated to any changes in policies that 
        affect projected deficits. Stated another way, even if Congress 
        made every change in spending and tax policy assumed in its 
        budget resolution, CBO might still subsequently project a 
        final-year debt-ratio level higher than the level that the 
        budget resolution projected for that year.\2\
---------------------------------------------------------------------------
    \2\Also see the Appendix.

    What programs are at risk? Congress can use reconciliation to 
change revenue and mandatory programs, except Social Security. The 
largest mandatory programs, more or less in order, are Medicare, 
Medicaid and the Children's Health Insurance Program (CHIP), refundable 
tax credits (Earned Income Tax Credit, the Child Tax Credit, and the 
Affordable Care Act's premium tax credits), civil service retirement, 
veterans' compensation and pensions, SNAP, military retirement, SSI, 
family support and foster care, farm supports and crop insurance, and 
child nutrition.
    (Note: Policymakers cannot change Social Security in a 
reconciliation bill. The level of debt held by the public, however, is 
driven by the entire budget, including Social Security, even though 
Social Security is designated by law an ``off-budget federal agency.'' 
Therefore, debt ratio projections also will vary from earlier 
expectations if Social Security cost or revenue projections change. As 
a result, under auto-reconciliation, other mandatory programs may have 
to be cut to make up for, say, a decrease in projected Social Security 
revenues.)
    Of major concern, the media and the public may interpret a CBO 
finding that the projected debt ratio for the final year will be 
exceeded as an official, non-partisan determination that Congress 
didn't meet its budget commitments, and that policymakers now should 
reduce the deficit by the excess amount that CBO calculates. The bill 
gives the Senate Budget Committee authority to set a different amount 
of deficit reduction (smaller or larger) than CBO projects. But the 
media and public will logically presume that the CBO estimate would be 
the most appropriate amount. Furthermore, they will presume that 
policymakers need to reduce the deficit even if current economic 
circumstances suggest the opposite, as discussed below.
Effect of the Automatic Process If Applied to Past Budgets
    Were this process in place for the last four budget resolutions 
that Congress adopted, for fiscal years 2010, 2016, 2017, and 2018,\3\ 
the last three would have generated a CBO calculation projecting a 
tenth-year debt ratio above those in the budget resolutions, thereby 
triggering the auto-reconciliation process in each case.\4\
---------------------------------------------------------------------------
    \3\Both the 2017 and the 2018 budget resolutions were created and 
agreed to in calendar year 2017. One might say that Congress agreed to 
two budget resolutions for fiscal year 2018. The first created a 
reconciliation process intended to repeal the Affordable Care Act, 
though that failed. The second created a reconciliation process to 
enact the 2017 tax cuts. As a result, with respect to each of those two 
budget resolutions, the CBO debt-ratio calculation would (under Enzi-
Whitehouse) have occurred in February 2018 and used the same CBO 
baseline.
    \4\The 2010 resolution, in contrast, would have generated a CBO 
calculation projecting a lower fifth-year debt ratio than in that five-
year budget resolution, and so would not have triggered the auto-
reconciliation process.
---------------------------------------------------------------------------
    Under Enzi-Whitehouse, CBO is also required to estimate the size of 
the policy savings--mandatory program cuts or revenue increases--needed 
over the multi-year period of a budget resolution to hit its final-year 
debt ratios.\5\ Those CBO reports would have shown the following 
amounts of budget cuts for a ten-year auto-reconciliation bill: $3.0 
trillion for the 2018 budget resolution; $1.0 trillion for the 2017 
budget resolution; and $5.5 trillion for the 2016 budget resolution.
---------------------------------------------------------------------------
    \5\Existing law does not require the assumed level of GDP to be 
shown in budget resolutions, and it has not been. Our calculations are 
made under the understanding that the budget resolution in question had 
relied on the GDP levels projected by CBO in applicable baselines.
---------------------------------------------------------------------------
    The 2018 budget resolution is particularly instructive. It paved 
the way for the 2017 tax cut legislation, which increased the deficit 
by an estimated $1.9 trillion over ten years.\6\ Under Enzi-Whitehouse, 
CBO would have estimated two months after policymakers enacted the tax 
cuts that the debt ratio in the resolution was being exceeded, and that 
$3.0 trillion of deficit reduction would be required to meet that 
ratio.\7\ That would have triggered the automatic process to reduce the 
deficit. In designing a deficit-reduction package, the Republican 
majority surely would have protected the new tax cuts, instead 
designing a package solely of cuts to mandatory programs--an approach 
that would have exacerbated the inequities in the new tax law, which 
provided the overwhelming share of its tax cuts to the Nation's 
wealthiest households and most profitable corporations.\8\
---------------------------------------------------------------------------
    \6\``2017 Tax Law Is Fundamentally Flawed,'' Center on Budget and 
Policy Priorities, updated, October 31, 2018, https://www.cbpp.org/
research/federal-tax/2017-tax-law-is-fundamentally flawed.
    \7\The figure of $3.0 trillion over ten years occurs because the 
tax cut was supposed to cost $1.5 trillion over ten years, not $1.9 
trillion, and the budget resolution assumed deep specified and 
unspecified cuts to mandatory programs that were not enacted (nor did 
the budget resolution use the standard reconciliation process to 
attempt to enact them).
    \8\The 2017 budget resolution is also instructive because that 
resolution was publicly referred to as a ``shell,'' so its dollar 
figures incorporated no assumed changes in policy, merely reflecting 
levels virtually identical to those in CBO's baseline. (It was designed 
purely as a vehicle to allow Congress to use the reconciliation 
process--and thereby avoid the Senate filibuster--to try to repeal the 
Affordable Care Act.) Yet even with no assumed deficit reduction, CBO's 
2018 calculation would have shown that the debt ratio would have 
exceeded the 10th-year level in the budget resolution for economic and 
technical reasons, triggering a reconciliation process to achieve $1.0 
trillion in deficit reduction.
---------------------------------------------------------------------------
    Moreover, even though CBO's projections are highly credible, they 
are--like all budget projections--subject to substantial variation 
that, under Enzi-Whitehouse, could trigger the automatic deficit-
reduction process. CBO recently assessed its past projections of 
deficits and debt,\9\ measuring the accuracy of each of its five-year 
debt projections since 1984, excluding the effects of legislation. 
While that's not the same calculation that Enzi-Whitehouse would 
require, it highlights the impact of shifting economic and technical 
estimating assumptions. Although CBO found little or no bias in its 
projections, some projections were far too high and some were far too 
low. Its fifth-year debt projections missed the mark by an average of 
7.1 percent of GDP. Five years from now, that would equal $1.8 
trillion. And ten-year projections would have been off by substantially 
larger amounts. Nevertheless, CBO found that, since 1984, its multi-
year economic forecasts have been as good as the forecasts of the 
Office of Management and Budget or the Blue Chip consensus, showing 
that all such forecasts are inherently uncertain.
---------------------------------------------------------------------------
    \9\Congressional Budget Office, An Evaluation of CBO's Past Deficit 
and Debt Projections, https://www.cbo.gov/publication/55234, September 
11, 2019.
---------------------------------------------------------------------------
             automatic austerity is unsound economic policy
    Most worrisome, the final-year debt ratio in a budget resolution 
might be exceeded mainly, if not exclusively, because the expected pace 
of future economic growth slowed in the year after Congress adopted the 
budget resolution. Periods of slower economic growth are exactly the 
wrong time to enact new budget cuts because they would make a weak 
economy still weaker and make recessions that are underway deeper.
    Potentially, the Senate Budget Committee could address this 
challenge in three ways, but none seems realistic:

   First, the Committee could set the final-year debt ratio in 
        the budget resolution much higher than anticipated given its 
        policy, economic, and technical assumptions,\10\ thereby 
        reducing the risk that CBO will calculate in the following year 
        that the debt ratio would be breached. But setting higher 
        levels of debt in the budget resolution seems quite unlikely; 
        indeed, the far likelier scenario, given the history of recent 
        budget resolutions, is that Congress will be overly optimistic 
        in its ``out-year'' projections in order to make the debt 
        problem seem less serious than it is--thereby increasing the 
        chances that a large, economically ill-advised deficit-
        reduction package would be triggered as the economy is slowing.
---------------------------------------------------------------------------
    \10\There is no requirement under existing budget law or in the 
Enzi-Whitehouse proposal that the level of debt in a budget resolution 
be consistent with the level of deficits in the resolution.
---------------------------------------------------------------------------
   Second, if the final-year debt ratio is on track to be 
        breached, the Committee could ignore the CBO estimate of the 
        amount of deficit reduction needed to hit the assumed debt-
        ratio level and instead set a very low auto-reconciliation 
        deficit-reduction target, such as $1. But deficit ``hawks'' 
        would almost certainly deride such an approach as irresponsible 
        gimmickry, even when it would be the most prudent economic 
        policy. The public debate would likely fixate on reports about 
        gimmickry, when instead it should focus on whether (or how 
        much) economic stimulus (tax cuts and/or spending increases) 
        policymakers should enact to strengthen a weakening economy, or 
        at least the degree to which austerity would harm a weakening 
        economy.
   If the committee does decide to require deficit reduction in 
        the full amount that CBO estimates at a time when the economy 
        is weak, it might include year-by-year deficit reduction 
        targets rather than just a single total over the entire multi-
        year period. And if so, it should call for all the deficit 
        reduction to occur at the tail end of the period, when the 
        economy might have fully recovered.

    As a result, this aspect of Enzi-Whitehouse represents unsound 
economic policy. Indeed, policymakers ought to amend the budget process 
to increase Congress' tools to make appropriate fiscal policy when the 
economy weakens, rather than establishing automatic processes that can 
push Congress to make ill-advised policy--and Congress to have to 
circumvent those processes to make sound fiscal policy when the economy 
falters.
         new process concentrates power and is less transparent
    This new automatic deficit-reduction process would also give the 
Senate Budget Committee sweeping new powers.\11\ When triggered, this 
auto-reconciliation process would let the committee unilaterally decide 
how much deficit reduction to mandate and which Senate committees would 
be required to cut programs (or, in the case of the Finance Committee, 
raise revenues). Further, if any Senate committee fell short of its 
target, the Budget Committee would have the authority to increase that 
committee's cuts or draft new ones to meet the target, and those 
proposals would be included in the auto-reconciliation bill that goes 
to the full Senate.
---------------------------------------------------------------------------
    \11\The Enzi-Whitehouse bill would make the chair and ranking 
member of the Senate Appropriations Committee and the Senate Finance 
Committee ex officio, non-voting members of the Budget Committee.
---------------------------------------------------------------------------
    The auto-reconciliation process would continue to a final vote on 
the reconciliation bill, giving the Senate as a whole no chance to 
first vote on whether it wanted to proceed; no chance to amend the size 
of the auto-reconciliation package; and no chance to amend the 
distribution of cuts among the other Senate committees. And when the 
auto-reconciliation bill reached the floor, reducing the budget cuts 
would violate the new rules.
    Thus, every aspect of the process--from the size of the cuts to 
their allocation by committee to the drafting of the cuts themselves--
would be driven by Senate Budget Committee decisions rather than by the 
whole Senate. In contrast, under current reconciliation procedures, 
reconciliation directives are included in the budget resolution that 
Congress must debate and approve before lawmakers take further action.
    Further, with such unprecedented authority for the Senate Budget 
Committee under the new reconciliation process, transparency around 
budget decision-making will likely shrink. That's because the public 
will receive less information due to the media's more limited coverage 
of committee action than of Senate floor deliberations. Thus, the 
public, which already struggles to understand the congressional budget 
process, will likely receive less information about how Congress is 
making key budget decisions.
                               conclusion
    The question of what's sound budget policy should not be driven by 
a presumption that austerity is always the right answer, nor by a 
mechanical calculation that could trigger austerity at the wrong time 
in an economic cycle. Finally, budget policymaking should be 
transparent and inclusive and should not be driven by uncertain 
projections of a moving target that may not indicate whether Congress 
is actually adhering to the budget policies it has set for itself.
                                Appendix
    In this analysis we discuss reasons why CBO might subsequently 
project that the debt ratio for the final year covered by a budget 
resolution that Congress approved the previous year might be higher 
than the resolution had assumed, triggering the automatic 
reconciliation process. There is an additional reason: in measuring the 
debt ratio, the Enzi-Whitehouse proposal relies on the federal 
government's standard measure of its debt, which doesn't fully account 
for the government's financial position and could actually trigger the 
automatic reconciliation process even when no deterioration in the 
government's position has occurred, and in some cases, even if deficits 
now are expected to be lower than the budget resolution assumed.
    Here's why:
    The proposed automatic reconciliation process focuses on the 
estimates of ``debt held by the public''--the debt from government 
borrowing in the credit markets--that are shown in the final year of a 
budget resolution (e.g., the tenth year of a ten-year resolution). Debt 
rises whenever the federal government runs a deficit, so a budget 
resolution with a decade of deficits will increase the debt by the sum 
of those ten deficits. But the federal government also has financial 
assets, such as cash, gold, and direct loan assets, that somewhat 
offset the debt.
    Suppose, for example, that the Treasury Department borrows more 
money solely to buildup its cash reserves that have fallen dangerously 
low, threatening its ability to pay federal bills on time. In that 
case:

   the federal government's financial position would be 
        unchanged; the debt would be higher, but the increase in debt 
        would be offset dollar for dollar by an increase in cash; and
   the additional borrowing would not show up on the federal 
        books either as an increase in spending or an increase in 
        deficits.

    So sometimes an increase in debt doesn't reflect any deterioration 
in the government's financial position. That is, the growth of debt 
over some period of time is often not simply the sum of deficits over 
that period. Debt can grow significantly more or less than the sum of 
deficits. In 2015, in fact, the deficit was $442 billion but the debt 
rose by only $337 billion. In 2016, by contrast, the deficit was $585 
billion but the debt rose by $1.1 trillion.
    As CBO has written, ``Other factors--collectively labeled `other 
means of financing' and not directly included in the budget totals--
also affect the government's debt. Those factors include the cash-flows 
associated with federal credit programs, such as student loans, as well 
as changes in the government's cash balances.''
    Now, let's look more closely at student loans, which highlight the 
potentially large policy implications of the automatic reconciliation 
process. Over the ten years from 2008 through 2017, federal deficits 
totaled $8.4 trillion. Over the same period, however, debt held by the 
public grew by $9.6 trillion. The overwhelming reason for the $1.2 
trillion difference was the government's 2010 conversion of the federal 
student loan program from loan guarantees to direct loans. Under the 
loan guarantee program, the financing took place off the government's 
books, with banks lending money to students, the students paying back 
the banks over time, and the government responsible for defaults. Under 
the direct loan program, the financing takes place on the government's 
books: the Treasury borrows from the credit markets and lends the money 
to students. The government's costs over time are essentially the same 
either way, arising from defaults--but with direct loans, the 
government's books show higher debt because the government borrowed 
from the credit markets to finance direct loans, and the books also 
show corresponding larger financial assets, which are the value of 
those direct loans to the government.
    The Enzi-Whitehouse automatic reconciliation trigger accounts for 
only half of such transactions (the government's additional borrowing), 
while missing the other half (the government's acquisition of direct 
loan assets, when students repay the government). Such accounting would 
have missed more than $1 trillion in student loan assets that the 
government acquired.\12\ Indeed, when CBO estimated the budgetary 
effects of the 2010 conversion from guaranteed to direct loans, it 
concluded that the legislation would reduce spending and deficits in 
every year even though it would increase debt held by the public.
---------------------------------------------------------------------------
    \12\The government values direct loan assets by accounting for not 
just the principal amount of the direct loan, but also the extent to 
which the interest rates it charges are above or below Treasury 
interest rates, the extent to which the portfolio of loans is likely to 
suffer from defaults (since some defaults are inevitable), and the 
extent to which defaults can be partially offset by, for example, 
garnishing later tax refunds.
---------------------------------------------------------------------------
    This aspect of Enzi-Whitehouse could prompt Congress to favor loan 
guarantees over direct loans, even when the former produce modestly 
higher deficits over time by requiring extra government payments to 
banks to induce banks to participate in the program.
    [Note: This report is available online at: https://www.cbpp.org/
research/federal-
budget/automatic-reconciliation-an-undesirable-part-of-enzi-whitehouse-
budget]

                       X. Changes in Existing Law

    In compliance with paragraph 12 of rule XXVI of the 
Standing Rules of the Senate, the changes in existing law made 
by S. 2765, as reported, are shown as follows (existing law 
proposed to be omitted is enclosed in black brackets, new 
matter is printed in italic, existing law in which no change is 
proposed is shown in roman):

                      TITLE 31--MONEY AND FINANCE

                    SUBTITLE II--THE BUDGET PROCESS

CHAPTER 11--THE BUDGET AND FISCAL, BUDGET, AND PROGRAM INFORMATION

           *       *       *       *       *       *       *


Sec. 1101. Definitions

    In this chapter--
          (1) ``agency'' includes the District of Columbia 
        government but does not include the legislative branch 
        or the Supreme Court.
          (2) ``appropriations'' means appropriated amounts and 
        includes, in appropriate context--
                  (A) funds;
                  (B) authority to make obligations by contract 
                before appropriations; and
                  (C) other authority making amounts available 
                for obligation or expenditure.
          (3) ``biennium'' has the meaning given that term in 
        paragraph (12) of section 3 of the Congressional Budget 
        and Impoundment Control Act of 1974 (2 U.S.C. 622).

           *       *       *       *       *       *       *


Sec. 1104. Budget and appropriations authority of the President

    (a) The President shall prepare budgets of the United 
States Government under section 1105 of this title and proposed 
deficiency and supplemental appropriations under section 1107 
of this title. To the extent practicable, the President shall 
use uniform terms in stating the purposes and conditions of 
appropriations.
    (b) Except as provided in this chapter, the President shall 
prescribe the contents and order of statements in the budget on 
expenditures and estimated expenditures and statements on 
proposed appropriations and information submitted with the 
budget and proposed appropriations. The President shall include 
with the budget and proposed appropriations information on 
personnel and other objects of expenditure in the way that 
information was included in the budget for fiscal year 1950. 
However, the requirement that information be included in the 
budget in that way may be waived or changed by joint action of 
the Committees on Appropriations of both Houses of Congress. 
This subsection does not limit the authority of a committee of 
Congress to request information in a form it prescribes.
    (c) When the President makes a basic change in the form of 
the budget, the President shall submit with the budget 
information showing where items in the budget for the prior 
fiscal year are contained in the present budget. However, the 
President may change the functional categories in the budget 
only in consultation with [the Committees on Appropriations of 
both Houses of Congress] the Committee on Appropriations and 
the Committee on the Budget of the House of Representatives and 
the Committee on Appropriations and the Committee on Fiscal 
Control and the Budget of the Senate. Committees of the House 
of Representatives and Senate shall receive prompt notification 
of all such changes.
    (d) The President shall develop programs and prescribe 
regulations to improve the compilation, analysis, publication, 
and dissemination of statistical information by executive 
agencies. The President shall carry out this subsection through 
the Administrator for the Office of Information and Regulatory 
Affairs in the Office of Management and Budget.
    (e) Under regulations prescribed by the President, each 
agency shall provide information required by the President in 
carrying out this chapter. The President has access to, and may 
inspect, records of an agency to obtain information.

           *       *       *       *       *       *       *


Sec. 1105. Budget contents and submission to the Congress

    [(a) On or after the first Monday in January but not later 
than the first Monday in February of each year, the President 
shall submit a budget of the United States Government for the 
following fiscal year. Each budget shall include a budget 
message and summary and supporting information. The President 
shall include in each budget the following:]
    (a) On or before the first Monday in February of each odd-
numbered year (or, if applicable under section 300(b) of the 
Congressional Budget Act of 1974 (2 U.S.C. 631 (b)), the first 
Monday in April of an odd-numbered year), the President shall 
transmit to the Congress, the budget for the biennium beginning 
on October 1 of such calendar year. The budget of the United 
States Government transmitted under this subsection shall 
include a budget message and summary and supporting 
information. The President shall include in each budget the 
following:
          (1) information on activities and functions of the 
        Government.
          (2) when practicable, information on costs and 
        achievements of Government programs.
          (3) other desirable classifications of information.
          (4) a reconciliation of the summary information on 
        expenditures with proposed appropriations.
          (5) except as provided in subsection (b) of this 
        section, estimated expenditures and proposed 
        appropriations the President decides are necessary to 
        support the Government in [the fiscal year for which 
        the budget is submitted and the 4 fiscal years after 
        that year] each fiscal year in the biennium for which 
        the budget is submitted and in the succeeding 4 fiscal 
        years.
          (6) estimated receipts of the Government in [the 
        fiscal year for which the budget is submitted and the 4 
        fiscal years after that year] each fiscal year in the 
        biennium for which the budget is submitted and in the 
        succeeding 4 years under--
                  (A) laws in effect when the budget is 
                submitted; and
                  (B) proposals in the budget to increase 
                revenues.
          (7) appropriations, expenditures, and receipts of the 
        Government in the prior fiscal year.
          (8) estimated expenditures and receipts, and 
        appropriations and proposed appropriations, of the 
        Government for the current fiscal year.
          (9) balanced statements of the--
                  (A) condition of the Treasury at the end of 
                the prior fiscal year;
                  (B) estimated condition of the Treasury at 
                the end of the current fiscal year; and
                  (C) estimated condition of the Treasury at 
                the end of [the fiscal year] each fiscal year 
                in the biennium for which the budget is 
                submitted if financial proposals in the budget 
                are adopted.
          (10) essential information about the debt of the 
        Government.
          (11) other financial information the President 
        decides is desirable to explain in practicable detail 
        the financial condition of the Government.
          (12) for each proposal in the budget for legislation 
        that would establish or expand a Government activity or 
        function, a table showing--
                  (A) the amount proposed in the budget for 
                appropriation and for expenditure because of 
                the proposal in [the fiscal year] each fiscal 
                year in the biennium for which the budget is 
                submitted; and
                  (B) the estimated appropriation required 
                because of the proposal for each of the 4 
                fiscal years after [that year] that biennium 
                that the proposal will be in effect.
          (13) an allowance for additional estimated 
        expenditures and proposed appropriations for [the 
        fiscal year] each fiscal year in the biennium for which 
        the budget is submitted.
          (14) an allowance for unanticipated uncontrollable 
        expenditures for [that year] each fiscal year in the 
        biennium for which the budget is submitted.
          (15) a separate statement on each of the items 
        referred to in section 301(a)(1)-(5) of the 
        Congressional Budget Act of 1974 (2 U.S.C. 632(a)(1)-
        (5)).
          (16) the level of tax expenditures under existing law 
        in the tax expenditures budget (as defined in section 
        3(a)(3) of the Congressional Budget Act of 1974 (2 
        U.S.C. 622(a)(3)) for [the fiscal year] each fiscal 
        year in the biennium for which the budget is submitted, 
        considering projected economic factors and changes in 
        the existing levels based on proposals in the budget.
          (17) information on estimates of appropriations for 
        [the fiscal year following the fiscal year] each fiscal 
        year in the biennium following the biennium for which 
        the budget is submitted for grants, contracts, and 
        other payments under each program for which there is an 
        authorization of appropriations for [that following 
        fiscal year] each such fiscal year when the 
        appropriations are authorized to be included in an 
        appropriation law for the [fiscal year before the 
        fiscal year] biennium before the biennium in which the 
        appropriation is to be available for obligation.
          (18) a comparison of the total amount of budget 
        outlays for [the prior fiscal year] each of the 2 most 
        recently completed fiscal years, estimated in the 
        budget submitted [for that year] with respect to those 
        fiscal years, for each major program having relatively 
        uncontrollable outlays with the total amount of outlays 
        for that program [in that year] in those fiscal years.
          (19) a comparison of the total amount of receipts for 
        [the prior fiscal year] each of the 2 most recently 
        completed fiscal years, estimated in the budget 
        submitted [for that year] with respect to those fiscal 
        years, with receipts received [in that year] in those 
        fiscal years, and for each major source of receipts, a 
        comparison of the amount of receipts estimated in that 
        budget with the amount of receipts from that source in 
        that year.
          (20) an analysis and explanation of the differences 
        between each amount compared under clauses (18) and 
        (19) of this subsection.
          (21) a horizontal budget showing--
                  (A) the programs for meteorology and of the 
                National Climate Program established under 
                section 5 of the National Climate Program Act 
                (15 U.S.C. 2904);
                  (B) specific aspects of the program of, and 
                appropriations for, each agency; and
                  (C) estimated goals and financial 
                requirements.
          (22) a statement of budget authority, proposed budget 
        authority, budget outlays, and proposed budget outlays, 
        and descriptive information in terms of--
                  (A) a detailed structure of national needs 
                that refers to the missions and programs of 
                agencies (as defined in section 101 of this 
                title); and
                  (B) the missions and basic programs.
          (23) separate appropriation accounts for 
        appropriations under the Occupational Safety and Health 
        Act of 1970 (29 U.S.C. 651 et seq.) and the Federal 
        Mine Safety and Health Act of 1977 (30 U.S.C. 801 et 
        seq.).
          (24) recommendations on the return of Government 
        capital to the Treasury by a mixed-ownership 
        corporation (as defined in section 9101(2) of this 
        title) that the President decides are desirable.
          (25) a separate appropriation account for 
        appropriations for each Office of Inspector General of 
        an establishment defined under section 11(2) of the 
        Inspector General Act of 1978.
          (26) a separate statement of the amount of 
        appropriations requested for the Office of National 
        Drug Control Policy and each program of the National 
        Drug Control Program.
          (27) a separate statement of the amount of 
        appropriations requested for the Office of Federal 
        Financial Management.
          (28) beginning with fiscal year 1999, a Federal 
        Government performance plan for the overall budget as 
        provided for under section 1115.
          (29) information about the Violent Crime Reduction 
        Trust Fund, including a separate statement of amounts 
        in that Trust Fund.
          (30) an analysis displaying, by agency, proposed 
        reductions in full-time equivalent positions compared 
        to the current year's level in order to comply with 
        section 5 of the Federal Workforce Restructuring Act of 
        1994.
          (31) a separate statement of the amount of 
        appropriations requested for the Chief Financial 
        Officer in the Executive Office of the President.
          (32) a statement of the levels of budget authority 
        and outlays for each program assumed to be extended in 
        the baseline as provided in section 257(b)(2)(A) and 
        for excise taxes assumed to be extended under section 
        257(b)(2)(C) of the Balanced Budget and Emergency 
        Deficit Control Act of 1985.
          (33) a separate appropriation account for 
        appropriations for the Council of the Inspectors 
        General on Integrity and Efficiency, and, included in 
        that account, a separate statement of the aggregate 
        amount of appropriations requested for each academy 
        maintained by the Council of the Inspectors General on 
        Integrity and Efficiency.
          (34) with respect to the amount of appropriations 
        requested for use by the Export-Import Bank of the 
        United States, a separate statement of the amount 
        requested for its program budget, the amount requested 
        for its administrative expenses, and of the amount 
        requested for its administrative expenses, the amount 
        requested for technology expenses.
          (35)(A)(i) a detailed, separate analysis, by budget 
        function, by agency, and by initiative area (as 
        determined by the administration) for the prior fiscal 
        year, the current fiscal year, [the fiscal years for 
        which the budget is submitted] each fiscal year in the 
        biennium for which the budget is submitted, and the 
        ensuing fiscal year identifying the amounts of gross 
        and net appropriations or obligational authority and 
        outlays that contribute to cybersecurity, with separate 
        displays for mandatory and discretionary amounts, 
        including--
                  (I) summaries of the total amount of such 
                appropriations or new obligational authority 
                and outlays requested for cybersecurity;
                  (II) an estimate of the current service 
                levels of cybersecurity spending;
                  (III) the most recent risk assessment and 
                summary of cybersecurity needs in each 
                initiative area (as determined by the 
                administration); and
                  (IV) an estimate of user fees collected by 
                the Federal Government on behalf of 
                cybersecurity activities;
          (ii) with respect to subclauses (I) through (IV) of 
        clause (i), amounts shall be provided by account for 
        each program, project and activity; and
          (iii) an estimate of expenditures for cybersecurity 
        activities by State and local governments and the 
        private sector for the prior fiscal year and the 
        current fiscal year.
          (B) Prior to implementing this paragraph, including 
        determining what Federal activities or accounts 
        constitute cybersecurity for purposes of budgetary 
        classification, the Office of Management and Budget 
        shall consult with [the Committees on Appropriations 
        and the Committees on the Budget of the House of 
        Representatives and the Senate, the Committee on 
        Homeland Security of the House of Representatives, and 
        the Committee on Homeland Security and Government 
        Affairs of the Senate.] the Committee on 
        Appropriations, the Committee on the Budget, and the 
        Committee on Homeland Security of the House of 
        Representatives and the Committee on Appropriations, 
        the Committee on Fiscal Control and the Budget, and the 
        Committee on Homeland Security and Governmental Affairs 
        of the Senate.
          (36) as supplementary materials, a separate analysis 
        of the budgetary effects for all prior fiscal years, 
        the current fiscal year, [the fiscal year for which the 
        budget is submitted] each fiscal year in the biennium 
        for which the budget is submitted, and ensuing fiscal 
        years of the actions the Secretary of the Treasury has 
        taken or plans to take using any authority provided in 
        the Emergency Economic Stabilization Act of 2008, 
        including--
                  (A) an estimate of the current value of all 
                assets purchased, sold, and guaranteed under 
                the authority provided in the Emergency 
                Economic Stabilization Act of 2008 using 
                methodology required by the Federal Credit 
                Reform Act of 1990 (2 U.S.C. 661 et seq.) and 
                section 123 of the Emergency Economic 
                Stabilization Act of 2008;
                  (B) an estimate of the deficit, the debt held 
                by the public, and the gross Federal debt using 
                methodology required by the Federal Credit 
                Reform Act of 1990 and section 123 of the 
                Emergency Economic Stabilization Act of 2008;
                  (C) an estimate of the current value of all 
                assets purchased, sold, and guaranteed under 
                the authority provided in the Emergency 
                Economic Stabilization Act of 2008 calculated 
                on a cash basis;
                  (D) a revised estimate of the deficit, the 
                debt held by the public, and the gross Federal 
                debt, substituting the cash-based estimates in 
                subparagraph (C) for the estimates calculated 
                under subparagraph (A) pursuant to the Federal 
                Credit Reform Act of 1990 and section 123 of 
                the Emergency Economic Stabilization Act of 
                2008; and
                  (E) the portion of the deficit which can be 
                attributed to any action taken by the Secretary 
                using authority provided by the Emergency 
                Economic Stabilization Act of 2008 and the 
                extent to which the change in the deficit since 
                the most recent estimate is due to a reestimate 
                using the methodology required by the Federal 
                Credit Reform Act of 1990 and section 123 of 
                the Emergency Economic Stabilization Act of 
                2008.
          (37) information on estimates of appropriations for 
        the fiscal year following [the fiscal year for which 
        the budget is submitted] each fiscal year in the 
        biennium for which the budget is submitted for the 
        following accounts of the Department of Veterans 
        Affairs:
                  (A) Veterans Benefits Administration, 
                Compensation and Pensions.
                  (B) Veterans Benefits Administration, 
                Readjustment Benefits.
                  (C) Veterans Benefits Administration, 
                Veterans Insurance and Indemnities.
                  (D) Veterans Health Administration, Medical 
                Services.
                  (E) Veterans Health Administration, Medical 
                Support and Compliance.
                  (F) Veterans Health Administration, Medical 
                Facilities.
                  (G) Veterans Health Administration, Medical 
                Community Care.
          (38) a separate statement for the Crow Settlement 
        Fund established under section 411 of the Crow Tribe 
        Water Rights Settlement Act of 2010, which shall 
        include the estimated amount of deposits into the Fund, 
        obligations, and outlays from the Fund.
          (39) the list of plans and reports, as provided for 
        under section 1125, that agencies identified for 
        elimination or consolidation because the plans and 
        reports are determined outdated or duplicative of other 
        required plans and reports.
          (40) a separate volume for proposals relating to each 
        portfolio for the relevant fiscal year described in 
        paragraph (7)(B) of section 202(e) of the Congressional 
        Budget Act of 1974 (2 U.S.C. 602(e)), which shall 
        include justifications for any change to a Government 
        activity or function.
    (b) Estimated expenditures and proposed appropriations for 
the legislative branch and the judicial branch to be included 
in each budget under subsection (a)(5) of this section shall be 
submitted to the President before October 16 of each year and 
included in the budget by the President without change.
    (c) The President shall recommend in the budget appropriate 
action to meet an estimated deficiency when the estimated 
receipts for [the fiscal year for] each fiscal year in the 
biennium for which the budget is submitted (under laws in 
effect when the budget is submitted) and the estimated amounts 
in the Treasury at the end of the current fiscal year available 
for expenditure in [the fiscal year for] each fiscal year of 
the biennium, as the case may be, for which the budget is 
submitted, are less than the estimated expenditures [for that 
year] for each fiscal year of the biennium. The President shall 
make recommendations required by the public interest when the 
estimated receipts and estimated amounts in the Treasury are 
more than the estimated expenditures.
    (d) When the President submits a budget or supporting 
information about a budget, the President shall include a 
statement on all changes about the current fiscal year that 
were made before the budget or information was submitted.
    (e)(1) The President shall submit with materials related to 
each budget transmitted under subsection (a) on or after 
January 1, 1985, an analysis for the [ensuing fiscal year] 
biennium to which such budget relates that shall identify 
requested appropriations or new obligational authority and 
outlays for each major program that may be classified as a 
public civilian capital investment program and for each major 
program that may be classified as a military capital investment 
program, and shall contain summaries of the total amount of 
such appropriations or new obligational authority and outlays 
for public civilian capital investment programs and summaries 
of the total amount of such appropriations or new obligational 
authority and outlays for military capital investment programs. 
In addition, the analysis under this paragraph shall contain-- 
* * *

           *       *       *       *       *       *       *


Sec. 1106. Supplemental budget estimates and changes

    (a) Before July 16 of each year, the President shall submit 
to Congress a supplemental summary of the budget for the 
[fiscal year] biennium for which the budget is submitted under 
section 1105(a) of this title. The summary shall include--
          (1) for [that fiscal year] each fiscal year in such 
        biennium--
                  (A) substantial changes in or reappraisals of 
                estimates of expenditures and receipts;
                  (B) substantial obligations imposed on the 
                budget after its submission;
                  (C) current information on matters referred 
                to in section 1105(a)(8) and (9)(B) and (C) of 
                this title; and
                  (D) additional information the President 
                decides is advisable to provide Congress with 
                complete and current information about the 
                budget and current estimates of the functions, 
                obligations, requirements, and financial 
                condition of the United States Government;
          (2) for the 4 fiscal years following the [fiscal 
        year] biennium for which the budget is submitted, 
        information on estimated expenditures for programs 
        authorized to continue in future years, or that are 
        considered mandatory, under law; and
          (3) for future fiscal years, information on estimated 
        expenditures of balances carried over from the [fiscal 
        year] biennium for which the budget is submitted.
    (b) Before July 16 of each year, the President shall submit 
to Congress a statement of changes in budget authority 
requested, estimated budget outlays, and estimated receipts for 
[the fiscal year] each fiscal year in the biennium for which 
the budget is submitted (including prior changes proposed for 
the executive branch of the Government) that the President 
decides are necessary and appropriate based on current 
information. The statement shall include the effect of those 
changes on the information submitted under section 1105(a)(1)-
(14) and (b) of this title and shall include supporting 
information as practicable. The statement submitted before July 
16 may be included in the information submitted under 
subsection (a)(1) of this section.
    (c) Subsection (f) of section 1105 shall apply to revisions 
and supplemental summaries submitted under this section to the 
same extent that such subsection applies to the budget 
submitted under section 1105(a) to which such revisions and 
summaries relate.
    (d)(1) On or before December 1 of each calendar year, the 
President shall submit to Congress an administrative budget for 
the fiscal year beginning in the ensuing calendar year, which 
shall include--
          (A) up-to-date estimates for current year and prior 
        year data; and
          (B) credit reestimates for the current year (as 
        included in the Federal credit supplement of such 
        budget).
    (2) Upon request of the Director of the Congressional 
Budget Office, agencies and other entities included within the 
budget shall immediately provide to the Congressional Budget 
Office all related backup tables and other supporting 
information, including underlying data, assumptions, and 
related information used in connection with creating the budget 
and estimates.

           *       *       *       *       *       *       *


Sec. 1109. Current programs and activities estimates

    (a) [On or before the first Monday after January 3 of each 
year (on or before February 5 in 1986)] At the same time as the 
budget required by section 1105 is submitted for a biennium, 
the President shall submit to both Houses of Congress the 
estimated budget outlays and proposed budget authority that 
would be included in the budget for [the following fiscal year] 
each fiscal year of such period if programs and activities of 
the United States Government were carried on during that year 
at the same level as the current fiscal year without a change 
in policy. The President shall state the estimated budget 
outlays and proposed budget authority by function and 
subfunction under the classifications in the budget summary 
table under the heading ``Budget Authority and Outlays by 
Function and Agency'', by major programs in each function, and 
by agency. The President also shall include a statement of the 
economic and program assumptions on which those budget outlays 
and budget authority are based, including inflation, real 
economic growth, and unemployment rates, program caseloads, and 
pay increases.
    (b) The Joint Economic Committee shall review the estimated 
budget outlays and proposed budget authority and submit an 
economic evaluation of the budget outlays and budget authority 
to [the Committees on the Budget of both Houses] the Committee 
on the Budget of the House of Representatives and the Committee 
on Fiscal Control and the Budget of the Senate before March 1 
of each year.

Sec. 1110. Year-ahead requests for authorizing legislation

    A request to enact legislation authorizing new budget 
authority to continue a program or activity for a fiscal year 
shall be submitted to Congress before [May 16] March 31 of the 
[year before the year in which the fiscal year begins] calendar 
year preceding the calendar year in which the biennium begins. 
If a new program or activity will continue for more than one 
year, the request must be submitted for at least the first and 
2d fiscal years.

           *       *       *       *       *       *       *


Sec. 1112. Fiscal, budget, and program information

    (a) In this section, ``agency'' means a department, agency, 
or instrumentality of the United States Government except a 
mixed-ownership Government corporation.
    (b) In cooperation with the Comptroller General, the 
Secretary of the Treasury and the Director of the Office of 
Management and Budget shall establish and maintain standard 
data processing and information systems for fiscal, budget, and 
program information for use by agencies to meet the needs of 
the Government, and to the extent practicable, of State and 
local governments.
    (c) The Comptroller General--
          (1) in cooperation with the Secretary, the Director 
        of the Office of Management and Budget, and the 
        Director of the Congressional Budget Office, shall 
        establish, maintain, and publish standard terms and 
        classifications for fiscal, budget, and program 
        information of the Government, including information on 
        fiscal policy, receipts, expenditures, programs, 
        projects, activities, and functions;
          (2) when advisable, shall report to Congress on those 
        terms and classifications, and recommend legislation 
        necessary to promote the establishment, maintenance, 
        and use of standard terms and classifications by the 
        executive branch of the Government; and
          (3) in carrying out this subsection, shall give 
        particular consideration to the needs of the Committees 
        on Appropriations [and on the Budget of both Houses of 
        Congress] of both Houses of Congress, the Committee on 
        the Budget of the House of Representatives, the 
        Committee on Fiscal Control and the Budget of the 
        Senate, the Committee on Ways and Means of the House, 
        the Committee on Finance of the Senate, and the 
        Congressional Budget Office.

           *       *       *       *       *       *       *


Sec. 1120. Federal Government and agency priority goals

    (a) Federal Government Priority Goals.--
          (1) The Director of the Office of Management and 
        Budget shall coordinate with agencies to develop 
        priority goals to improve the performance and 
        management of the Federal Government. Such Federal 
        Government priority goals shall include--
                  (A) outcome-oriented goals covering a limited 
                number of crosscutting policy areas; and
                  (B) goals for management improvements needed 
                across the Federal Government, including--
                          (i) financial management;
                          (ii) human capital management;
                          (iii) information technology 
                        management;
                          (iv) procurement and acquisition 
                        management; and
                          (v) real property management;
          (2) The Federal Government priority goals shall be 
        long-term in nature. At a minimum, the Federal 
        Government priority goals shall be updated or revised 
        every 4 years and made publicly available concurrently 
        with the submission of the budget of the United States 
        Government made in the first full fiscal year following 
        any year in which the term of the President commences 
        under section 101 of title 3. As needed, the Director 
        of the Office of Management and Budget may make 
        adjustments to the Federal Government priority goals to 
        reflect significant changes in the environment in which 
        the Federal Government is operating, with appropriate 
        notification of Congress.
          (3) When developing or making adjustments to Federal 
        Government priority goals, the Director of the Office 
        of Management and Budget shall consult periodically 
        with the Congress, including obtaining majority and 
        minority views from--
                  (A) the Committees on Appropriations of the 
                Senate and the House of Representatives;
                  (B) [the Committees on the Budget of the 
                Senate and the House of Representatives] the 
                Committee on the Budget of the House of 
                Representatives and the Committee on Fiscal 
                Control and the Budget of the Senate;
                  (C) the Committee on Homeland Security and 
                Governmental Affairs of the Senate;
                  (D) the Committee on Oversight and Government 
                Reform of the House of Representatives;
                  (E) the Committee on Finance of the Senate;
                  (F) the Committee on Ways and Means of the 
                House of Representatives; and
                  (G) any other committees as determined 
                appropriate;
          (4) The Director of the Office of Management and 
        Budget shall consult with the appropriate committees of 
        Congress at least once every 2 years.
          (5) The Director of the Office of Management and 
        Budget shall make information about the Federal 
        Government priority goals available on the website 
        described under section 1122 of this title.
          (6) The Federal Government performance plan required 
        under section 1115(a) of this title shall be consistent 
        with the Federal Government priority goals.

           *       *       *       *       *       *       *


                   SUBTITLE III--FINANCIAL MANAGEMENT

                 CHAPTER 35--ACCOUNTING AND COLLECTION

SUBCHAPTER III--AUDITING AND SETTLING ACCOUNTS

           *       *       *       *       *       *       *


Sec. 3524. Auditing expenditures approved without vouchers

    (a)(1) The Comptroller General may audit expenditures, 
accounted for only on the approval, authorization, or 
certificate of the President or an official of an executive 
agency, to decide if the expenditure was authorized by law and 
made. Records and related information shall be made available 
to the Comptroller General in conducting the audit.
    (2) The Comptroller General may release the results of the 
audit or disclose related information only to the President or 
head of the agency, or, if there is an unresolved discrepancy, 
to the Committee on Governmental Affairs of the Senate, the 
Committee on Government Operations of the House of 
Representatives, and the committees of Congress having 
legislative or appropriation oversight of the expenditure.
    (b) Before December 1 of each year, the Director of the 
Office of Management and Budget shall submit a report listing 
each account that may be subject to this section to [the 
Committees on the Budget and Appropriations of both Houses of 
Congress, the Committee on Governmental Affairs, and to the 
Committee on Government Operations, and to] the Committee on 
Appropriations, the Committee on the Budget, and the Committee 
on Oversight and Government Reform of the House of 
Representatives, the Committee on Appropriations, the Committee 
on Fiscal Control and the Budget, and the Committee on Homeland 
Security and Governmental Affairs of the Senate, and the 
Comptroller General.

           *       *       *       *       *       *       *


             SUBTITLE V--GENERAL ASSISTANCE ADMINISTRATION

CHAPTER 62--CONSOLIDATED FEDERAL FUNDS REPORT

           *       *       *       *       *       *       *


Sec. 6203. Printing and distribution of reports and machine-readable 
                    records

    (a)(1) The Director shall--
          (A) prepare--
                  (i) printed copies of each of the reports 
                required by this chapter; and
                  (ii) machine-readable records of such 
                reports; and
          (B) make the printed copies of the reports and the 
        machine-readable records available to the public for 
        purchase at a price fixed under subsection (b).
    (2) The Director shall transmit free of charge one of each 
of the printed copies of the reports required by this chapter 
to--
          (A) each Federal regional depository library;
          (B) the Committees on Government Operations, the 
        Budget, and Appropriations of the House of 
        Representatives; and
          (C) [the Committees on Governmental Affairs, the 
        Budget, and Appropriations] the Committee on 
        Appropriations, the Committee on Fiscal Control and the 
        Budget, and the Committee on Homeland Security and 
        Governmental Affairs of the Senate.

           *       *       *       *       *       *       *


                      TITLE 38--VETERANS' BENEFITS

            PART VI--ACQUISITION AND DISPOSITION OF PROPERTY

   CHAPTER 81--ACQUISITION AND OPERATION OF HOSPITAL AND DOMICILIARY 
    FACILITIES; PROCUREMENT AND SUPPLY; ENHANCED-USE LEASES OF REAL 
                                PROPERTY

SUBCHAPTER V--ENHANCED-USE LEASES OF REAL PROPERTY

           *       *       *       *       *       *       *


Sec. 8163. Hearing and notice requirements regarding proposed leases

    (a) If the Secretary proposes to enter into an enhanced-use 
lease with respect to certain property, the Secretary shall 
conduct a public hearing before entering into the lease. The 
hearing shall be conducted in the community in which the 
property is located. At the hearing, the Secretary shall 
receive the views of veterans service organizations and other 
interested parties regarding the proposed lease of the property 
and the possible effects of the uses to be made of the property 
under a lease of the general character then contemplated. The 
possible effects to be addressed at the hearing shall include 
effects on--
          (1) local commerce and other aspects of the local 
        community;
          (2) programs administered by the Department; and
          (3) services to veterans in the community.
    (b) Before conducting such a hearing, the Secretary shall 
provide reasonable notice to the congressional veterans' 
affairs committees and to the public of the proposed lease and 
of the hearing. The notice shall include the following:
          (1) The time and place of the hearing.
          (2) Identification of the property proposed to be 
        leased.
          (3) A description of the proposed uses of the 
        property under the lease.
          (4) A description of how the uses to be made of the 
        property under a lease of the general character then 
        contemplated--
                  (A) would--
                          (i) contribute in a cost-effective 
                        manner to the mission of the 
                        Department;
                          (ii) not be inconsistent with the 
                        mission of the Department;
                          (iii) not adversely affect the 
                        mission of the Department; and
                          (iv) affect services to veterans; or
                  (B) would result in a demonstrable 
                improvement of services to eligible veterans in 
                the geographic service-delivery area within 
                which the property is located.
          (5) A description of how those uses would affect 
        services to veterans.
    (c)(1) If after a hearing under subsection (a) the 
Secretary intends to enter into an enhanced-use lease of the 
property involved, the Secretary shall notify the congressional 
veterans' affairs committees, the Committees on Appropriations 
of the House of Representatives and the Senate, [and the 
Committees on the Budget of the House of Representatives and 
the Senate] the Committee on the Budget of the House of 
Representatives, and the Committee on Fiscal Control and the 
Budget of the Senate of the Secretary's intention to enter into 
such lease, shall publish a notice of such intention in the 
Federal Register, and shall submit to the congressional 
veterans' affairs committees a copy of the proposed lease. With 
respect to a major enhanced-use lease, upon the request of the 
congressional veterans' affairs committees, not later than 30 
days after the date of such notice, the Secretary shall testify 
before the committees on the major enhanced-use lease, 
including with respect to the status of the lease, the cost, 
and the plans to carry out the activities under the lease. The 
Secretary may not delegate such testifying below the level of 
the head of the Office of Asset Enterprise Management of the 
Department or any successor to such office.

           *       *       *       *       *       *       *


Sec. 8168. Annual reports

    (a) Report on Administration of Leases.--(1) Not later than 
120 days after the date of the enactment of the Honoring 
America's Veterans and Caring for Camp Lejeune Families Act of 
2012 and not less frequently than once each year thereafter, 
the Secretary shall submit to the congressional veterans' 
affairs committees, the Committees on Appropriations of the 
House of Representatives and the Senate, [and the Committees on 
the Budget of the House of Representatives and the Senate] the 
Committee on the Budget of the House of Representatives, and 
the Committee on Fiscal Control and the Budget of the Senate a 
report on enhanced-use leases.
    (2) Each report under paragraph (1) shall include the 
following:
          (A) Identification of the actions taken by the 
        Secretary to implement and administer enhanced-use 
        leases.
          (B) For the most recent fiscal year covered by the 
        report, the amounts deposited into the Medical Care 
        Collection Fund account that were derived from 
        enhanced-use leases.
          (C) Identification of the actions taken by the 
        Secretary using the amounts described in subparagraph 
        (B).
          (D) Documents of the Department supporting the 
        contents of the report described in subparagraphs (A) 
        through (C).
    (b) Report on Lease Consideration.--(1) Each year, as part 
of the annual budget submission of the President to the 
congressional veterans' affairs committees, the Committees on 
Appropriations of the House of Representatives and the Senate, 
[and the Committees on the Budget of the House of 
Representatives and the Senate] the Committee on the Budget of 
the House of Representatives, and the Committee on Fiscal 
Control and the Budget of the Senate under section 1105(a) of 
title 31, the Secretary shall submit to the congressional 
veterans' affairs committees, the Committees on Appropriations 
of the House of Representatives and the Senate [and the 
Committees on the Budget of the House of Representatives and 
the Senate] the Committee on the Budget of the House of 
Representatives, and the Committee on Fiscal Control and the 
Budget of the Senate a detailed report of the consideration 
received by the Secretary for each enhanced-use lease under 
this subchapter.
    (2) Each report under paragraph (1) shall include the 
following with respect to each enhanced-use lease covered by 
the report:
          (A) An overview of how the Secretary is using 
        consideration received by the Secretary under the lease 
        to support veterans.
          (B) The amount of consideration received by the 
        Secretary under the lease.
          (C) The amount of any revenues collected by the 
        Secretary relating to the lease not covered by 
        subparagraph (B), including a description of any in-
        kind assistance or services provided by the lessee to 
        the Secretary or to veterans under an agreement entered 
        into by the Secretary pursuant to any provision of law.
          (D) The costs to the Secretary of carrying out the 
        lease.
          (E) Documents of the Department supporting the 
        contents of the report described in subparagraphs (A) 
        through (D).

           *       *       *       *       *       *       *


       BALANCED BUDGET AND EMERGENCY DEFICIT CONTROL ACT OF 1985

           [Pub. L. 99-177, as amended; 2 U.S.C. 900 et seq.]

SEC. 250. TABLE OF CONTENTS; BUDGET ENFORCEMENT STATEMENT; DEFINITIONS.

    (a) * * *
    (c) Definitions.-- * * *
          (4)(A) * * *
          (F)The term ``category'' means the subsets of 
        discretionary appropriations in section 251(c). 
        Discretionary appropriations in each of the categories 
        shall be those designated in the joint explanatory 
        statement accompanying the conference report on the 
        Balanced Budget Act of 1997. New accounts or activities 
        shall be categorized only after consultation with [the 
        Committees on Appropriations and the Budget of the 
        House of Representatives and the Senate] the Committee 
        on Appropriations and the Committee on the Budget of 
        the House of Representatives and the Committee on 
        Appropriations and the Committee on Fiscal Control and 
        the Budget of the Senate and that consultation shall, 
        to the extent practicable, include written 
        communication to such committees that affords such 
        committees the opportunity to comment before official 
        action is taken with respect to new accounts or 
        activities.

           *       *       *       *       *       *       *


SEC. 251. ENFORCING DISCRETIONARY SPENDING LIMITS.

      (a) * * *
          (7) Estimates.--
                  (A) CBO estimates.--As soon as practicable 
                after Congress completes action on any 
                discretionary appropriation, CBO, after 
                consultation with [the Committees on the Budget 
                of the House of Representatives and the Senate] 
                the Committee on the Budget of the House of 
                Representatives and the Committee on Fiscal 
                Control and the Budget of the Senate, shall 
                provide OMB with an estimate of the amount of 
                discretionary new budget authority and outlays 
                for the current year, if any, and the budget 
                year provided by that legislation.
                  (B) OMB estimates and explanation of 
                differences.--Not later than 7 calendar days 
                (excluding Saturdays, Sundays, and legal 
                holidays) after the date of enactment of any 
                discretionary appropriation, OMB shall transmit 
                a report to the House of Representatives and to 
                the Senate containing both the CBO and OMB 
                estimates of the amount of discretionary new 
                budget authority for the current year, if any, 
                and the budget year provided by that 
                legislation, and an explanation of any 
                difference between the 2 estimates. If during 
                the preparation of the report OMB determines 
                that there is a significant difference between 
                OMB and CBO, OMB shall consult with the [the 
                Committees on the Budget of the House of 
                Representatives and the Senate] the Committee 
                on the Budget of the House of Representatives 
                and the Committee on Fiscal Control and the 
                Budget of the Senate regarding that difference 
                and that consultation shall include, to the 
                extent practicable, written communication to 
                those committees that affords such committees 
                the opportunity to comment before the issuance 
                of the report.
                  (C) Assumptions and guidelines.--OMB 
                estimates under this paragraph shall be made 
                using current economic and technical 
                assumptions. OMB shall use the OMB estimates 
                transmitted to the Congress under this 
                paragraph. OMB and CBO shall prepare estimates 
                under this paragraph in conformance with 
                scorekeeping guidelines determined after 
                consultation among [the Committees on the 
                Budget of the House of Representatives and the 
                Senate] the Committee on the Budget of the 
                House of Representatives and the Committee on 
                Fiscal Control and the Budget of the Senate, 
                CBO, and OMB.
                  (D) Annual appropriations.--For purposes of 
                this paragraph, amounts provided by annual 
                appropriations shall include any discretionary 
                appropriations for the current year, if any, 
                and the budget year in accounts for which 
                funding is provided in that legislation that 
                result from previously enacted legislation.
    (b) Adjustments to Discretionary Spending Limits.--
          (1) Concepts and definitions.--When the President 
        submits the budget under section 1105 of title 31, 
        United States Code, OMB shall calculate and the budget 
        shall include adjustments to discretionary spending 
        limits (and those limits as cumulatively adjusted) for 
        the budget year and each outyear to reflect changes in 
        concepts and definitions. Such changes shall equal the 
        baseline levels of new budget authority and outlays 
        using up-to-date concepts and definitions, minus those 
        levels using the concepts and definitions in effect 
        before such changes. Such changes may only be made 
        after consultation with [the Committees on 
        Appropriations and the Budget of the House of 
        Representatives and the Senate] the Committee on 
        Appropriations and the Committee on the Budget of the 
        House of Representatives and the Committee on 
        Appropriations and the Committee on Fiscal Control and 
        the Budget of the Senate, and that consultation shall 
        include written communication to such committees that 
        affords such committees the opportunity to comment 
        before official action is taken with respect to such 
        changes.
          (2) Sequestration reports.--When OMB submits a 
        sequestration report under section 254(e), (f), or (g) 
        for a fiscal year, OMB shall calculate, and the 
        sequestration report and subsequent budgets submitted 
        by the President under section 1105(a) of title 31, 
        United States Code, shall include adjustments to 
        discretionary spending limits (and those limits as 
        adjusted) for the fiscal year and each succeeding year, 
        as follows:
                  (A) Emergency appropriations; overseas 
                contingency operations/global war on 
                terrorism.--If, for any fiscal year, 
                appropriations for discretionary accounts are 
                enacted that--

           *       *       *       *       *       *       *

                  (D) Disaster funding.--
                          (i) If, for fiscal years 2012 through 
                        2021, appropriations for discretionary 
                        accounts are enacted that Congress 
                        designates as being for disaster relief 
                        in statute, the adjustment for a fiscal 
                        year shall be the total of such 
                        appropriations for the fiscal year in 
                        discretionary accounts designated as 
                        being for disaster relief, but not to 
                        exceed the total of--
                                  (I) the average over the 
                                previous 10 years (excluding 
                                the highest and lowest years) 
                                of the sum of the funding 
                                provided for disaster relief 
                                (as that term is defined on the 
                                date immediately before the 
                                date of enactment of the 
                                Wildfire Suppression Funding 
                                and Forest Management 
                                Activities Act);
                                  (II) notwithstanding clause 
                                (iv), starting in fiscal year 
                                2018, five percent of the total 
                                appropriations provided after 
                                fiscal year 2011 or in the 
                                previous 10 years, whichever is 
                                less, net of any rescissions of 
                                budget authority enacted in the 
                                same period, with respect to 
                                amounts provided for major 
                                disasters declared pursuant to 
                                the Robert T. Stafford Disaster 
                                Relief and Emergency Assistance 
                                Act (42 U.S.C. 5121 et seq.) 
                                and designated by the Congress 
                                and the President as an 
                                emergency pursuant to 
                                subparagraph (A)(i) of this 
                                paragraph; and
                                  (III) the cumulative net 
                                total of the unused carryover 
                                for fiscal year 2018 and all 
                                subsequent fiscal years, where 
                                the unused carryover for each 
                                fiscal year is calculated as 
                                the sum of the amounts in 
                                subclauses (I) and (II) less 
                                the enacted appropriations for 
                                that fiscal year that have been 
                                designated as being for 
                                disaster relief.
                          (ii) OMB shall report to [the 
                        Committees on Appropriations and Budget 
                        in each House] the Committee on 
                        Appropriations and the Committee on the 
                        Budget of the House of Representatives 
                        and the Committee on Appropriations and 
                        the Committee on Fiscal Control and the 
                        Budget of the Senate the average 
                        calculated pursuant to clause (i)(II), 
                        not later than 30 days after the date 
                        of enactment of the Wildfire 
                        Suppression Funding and Forest 
                        Management Activities Act.

           *       *       *       *       *       *       *


SEC. 252. ENFORCING PAY-AS-YOU-GO.

    (a) * * *
    (d) Estimates.--
          (1) CBO estimates.--As soon as practicable after 
        Congress completes action on any direct spending or 
        receipts legislation, CBO shall provide an estimate to 
        OMB of that legislation.
          (2) OMB estimates.--Not later than 7 calendar days 
        (excluding Saturdays, Sundays, and legal holidays) 
        after the date of enactment of any direct spending or 
        receipts legislation, OMB shall transmit a report to 
        the House of Representatives and to the Senate 
        containing--
                  (A) the CBO estimate of that legislation;
                  (B) an OMB estimate of that legislation using 
                current economic and technical assumptions; and
                  (C) an explanation of any difference between 
                the 2 estimates.
          (3) Significant differences.--If during the 
        preparation of the report under paragraph (2) OMB 
        determines that there is a significant difference 
        between the OMB and CBO estimates, OMB shall consult 
        with [the Committees on the Budget of the House of 
        Representatives and the Senate] the Committee on the 
        Budget of the House of Representatives and the 
        Committee on Fiscal Control and the Budget of the 
        Senate regarding that difference and that consultation, 
        to the extent practicable, shall include written 
        communication to such committees that affords such 
        committees the opportunity to comment before the 
        issuance of that report.
          (4) Scope of estimates.--The estimates under this 
        section shall include the amount of change in outlays 
        or receipts for the current year (if applicable), the 
        budget year, and each outyear excluding any amounts 
        resulting from--
                  (A) full funding of, and continuation of, the 
                deposit insurance guarantee commitment in 
                effect under current estimates; and
                  (B) emergency provisions as designated under 
                subsection (e).
          (5) Scorekeeping guidelines.--OMB and CBO, after 
        consultation with each other and [the Committees on the 
        Budget of the House of Representatives and the Senate] 
        the Committee on the Budget of the House of 
        Representatives and the Committee on Fiscal Control and 
        the Budget of the Senate, shall--
                  (A) determine common scorekeeping guidelines; 
                and
                  (B) in conformance with such guidelines, 
                prepare estimates under this section.

           *       *       *       *       *       *       *


SEC. 254. REPORTS AND ORDERS.

    (a) * * *
    (h) GAO Compliance Report.--Upon request of the Committee 
on the Budget of the House of Representatives [or the Senate] 
or the Committee on Fiscal Control and the Budget of the 
Senate, the Comptroller General shall submit to the Congress 
and the President a report on--
          (1) the extent to which each order issued by the 
        President under this section complies with all of the 
        requirements contained in this part, either certifying 
        that the order fully and accurately complies with such 
        requirements or indicating the respects in which it 
        does not; and
          (2) the extent to which each report issued by OMB or 
        CBO under this section complies with all of the 
        requirements contained in this part, either certifying 
        that the report fully and accurately complies with such 
        requirements or indicating the respects in which it 
        does not.

           *       *       *       *       *       *       *


SEC. 257. THE BASELINE.

    (a) In General.--For any budget year, the baseline refers 
to a projection of current-year levels of new budget authority, 
outlays, revenues, and the surplus or deficit into the budget 
year and the outyears based on laws enacted through the 
applicable date.
    (b) Direct Spending and Receipts.--For the budget year and 
each outyear, the baseline shall be calculated using the 
following assumptions:
          (1) In general.--Laws providing or creating direct 
        spending and receipts are assumed to operate in the 
        manner specified in those laws for each such year and 
        funding for entitlement authority is assumed to be 
        adequate to make all payments required by those laws.
          (2) Exceptions.--(A)(i) No program established by a 
        law enacted on or before the date of enactment of the 
        Balanced Budget Act of 1997 with estimated current year 
        outlays greater than $50,000,000 shall be assumed to 
        expire in the budget year or the outyears. The scoring 
        of new programs with estimated outlays greater than 
        $50,000,000 a year shall be based on scoring by [the 
        Committees on Budget] the Committee on the Budget of 
        the House of Representatives, the Committee on Fiscal 
        Control and the Budget of the Senate or OMB, as 
        applicable. OMB, CBO, [and the Budget Committees] the 
        Committee on the Budget of the House of 
        Representatives, and the Committee on Fiscal Control 
        and the Budget of the Senate shall consult on the 
        scoring of such programs where there are differences 
        between CBO and OMB.
                  (ii) On the expiration of the suspension of a 
                provision of law that is suspended under 
                section 171 of Public Law 104-127 and that 
                authorizes a program with estimated fiscal year 
                outlays that are greater than $50,000,000, for 
                purposes of clause (i), the program shall be 
                assumed to continue to operate in the same 
                manner as the program operated immediately 
                before the expiration of the suspension.
                  (B) The increase for veterans' compensation 
                for a fiscal year is assumed to be the same as 
                that required by law for veterans' pensions 
                unless otherwise provided by law enacted in 
                that session.
                  (C) Excise taxes dedicated to a trust fund, 
                if expiring, are assumed to be extended at 
                current rates.
                  (D) If any law expires before the budget year 
                or any outyear, then any program with estimated 
                current year outlays greater than $50,000,000 
                that operates under that law shall be assumed 
                to continue to operate under that law as in 
                effect immediately before its expiration.
          (3) Hospital insurance trust fund.--Notwithstanding 
        any other provision of law, the receipts and 
        disbursements of the Hospital Insurance Trust Fund 
        shall be included in all calculations required by this 
        Act.
    (c) [Discretionary Appropriations.--For the budget year and 
each outyear, the baseline shall be calculated using the 
following assumptions regarding all amounts other than those 
covered by subsection (b):] Exclusion of Exempted Spending.--
For the budget year and each outyear, the baseline shall be 
calculated by assuming that appropriations receiving 
designations under section 251(b)(2)(A) or designations created 
through a concurrent resolution on the budget that exempts 
designated spending from enforcement under section 302 or 
section 311 of the Congressional Budget Act of 1974 (2 U.S.C. 
633, 642) shall not continue.
          (1) Inflation of current-year appropriations.--
        Budgetary resources other than unobligated balances 
        shall be at the level provided for the budget year in 
        full-year appropriation Acts. If for any account a 
        full-year appropriation has not yet been enacted, 
        budgetary resources other than unobligated balances 
        shall be at the level available in the current year, 
        adjusted sequentially and cumulatively for expiring 
        housing contracts as specified in paragraph (2), for 
        social insurance administrative expenses as specified 
        in paragraph (3), to offset pay absorption and for pay 
        annualization as specified in paragraph (4), for 
        inflation as specified in paragraph (5), and to account 
        for changes required by law in the level of agency 
        payments for personnel benefits other than pay.
          (2) Expiring housing contracts.--New budget authority 
        to renew expiring multiyear subsidized housing 
        contracts shall be adjusted to reflect the difference 
        in the number of such contracts that are scheduled to 
        expire in that fiscal year and the number expiring in 
        the current year, with the per-contract renewal cost 
        equal to the average current-year cost of renewal 
        contracts.
          (3) Social insurance administrative expenses.--
        Budgetary resources for the administrative expenses of 
        the following trust funds shall be adjusted by the 
        percentage change in the beneficiary population from 
        the current year to that fiscal year: the Federal 
        Hospital Insurance Trust Fund, the Supplementary 
        Medical Insurance Trust Fund, the Unemployment Trust 
        Fund, and the railroad retirement account.
          (4) Pay annualization; offset to pay absorption.--
        Current-year new budget authority for Federal employees 
        shall be adjusted to reflect the full 12-month costs 
        (without absorption) of any pay adjustment that 
        occurred in that fiscal year.
          (5) Inflators.--The inflator used in paragraph (1) to 
        adjust budgetary resources relating to personnel shall 
        be the percent by which the average of the Bureau of 
        Labor Statistics Employment Cost Index (wages and 
        salaries, private industry workers) for that fiscal 
        year differs from such index for the current year. The 
        inflator used in paragraph (1) to adjust all other 
        budgetary resources shall be the percent by which the 
        average of the estimated gross domestic product chain-
        type price index for that fiscal year differs from the 
        average of such estimated index for the current year.
          (6) Current-year appropriations.--If, for any 
        account, a continuing appropriation is in effect for 
        less than the entire current year, then the current-
        year amount shall be assumed to equal the amount that 
        would be available if that continuing appropriation 
        covered the entire fiscal year. If law permits the 
        transfer of budget authority among budget accounts in 
        the current year, the current-year level for an account 
        shall reflect transfers accomplished by the submission 
        of, or assumed for the current year in, the President's 
        original budget for the budget year.
    (d) Up-to-date concepts.--In deriving the baseline for any 
budget year or outyear, current-year amounts shall be 
calculated using the concepts and definitions that are required 
for that budget year.
    (e) Asset sales.--Amounts realized from the sale of an 
asset shall not be included in estimates under section 251, 
252, or 253 if that sale would result in a financial cost to 
the Federal Government as determined pursuant to scorekeeping 
guidelines.

           *       *       *       *       *       *       *


SEC. 258. SUSPENSION IN THE EVENT OF WAR OR LOW GROWTH.

    (a) Procedures in the Event of a Low Growth Report.--
          (1) Trigger.--Whenever CBO issues a low-growth report 
        under section 254(i), the Majority Leader of the House 
        of Representatives may, and the Majority Leader of the 
        Senate shall, introduce a joint resolution (in the form 
        set forth in paragraph (2)) declaring that the 
        conditions specified in section 254(j) are met and 
        suspending the relevant provisions of this title, 
        titles III and VI of the Congressional Budget Act of 
        1974, and section 1103 of title 31, United States Code. 
        * * *
          (3) Committee action.--Each joint resolution 
        introduced pursuant to paragraph (1) shall be referred 
        to the appropriate committees of the House of 
        Representatives or [the Committee on the Budget] the 
        Committee on Fiscal Control and the Budget of the 
        Senate, as the case may be; and such Committee shall 
        report the joint resolution to its House without 
        amendment on or before the fifth day on which such 
        House is in session after the date on which the joint 
        resolution is introduced. If the Committee fails to 
        report the joint resolution within the five-day period 
        referred to in the preceding sentence, it shall be 
        automatically discharged from further consideration of 
        the joint resolution, and the joint resolution shall be 
        placed on the appropriate calendar.

           *       *       *       *       *       *       *


SEC. 258B. FLEXIBILITY AMONG DEFENSE PROGRAMS, PROJECTS, AND 
                    ACTIVITIES.

    (a) * * *
    (h)(1) No amendment that is not germane or relevant to the 
provisions of the joint resolution or to the order issued under 
section 254 shall be in order in the Senate. For purposes of 
this paragraph, an amendment shall be considered to be relevant 
if it relates to function 050 (national defense). In the 
Senate, an amendment, any amendment to an amendment, or any 
debatable motion or appeal is debatable for not to exceed 30 
minutes to be equally divided between, and controlled by, the 
mover and the majority leader (or their designees), except that 
in the event that the majority leader favors the amendment, 
motion, or appeal, the minority leader (or the minority 
leader's designee) shall control the time in opposition to the 
amendment, motion, or appeal.
    (2) In the Senate, an amendment that is otherwise in order 
shall be in order notwithstanding the fact that it amends the 
joint resolution in more than one place or amends language 
previously amended, so long as the amendment makes or maintains 
mathematical consistency. It shall not be in order in the 
Senate to vote on the question of agreeing to such a joint 
resolution or any amendment thereto unless the figures then 
contained in such joint resolution or amendment are 
mathematically consistent.
    (3) It shall not be in order in the Senate to consider any 
amendment to any joint resolution introduced under subsection 
(d) or any conference report thereon if such amendment or 
conference report would have the effect of decreasing any 
specific budget outlay reductions below the level of such 
outlay reductions provided in such joint resolution unless such 
amendment or conference report makes a reduction in other 
specific budget outlays at least equivalent to any increase in 
outlays provided by such amendment or conference report.
    (4) For purposes of the application of paragraph (3), the 
level of outlays and specific budget outlay reductions provided 
in an amendment shall be determined on the basis of estimates 
made by [the Committee on the Budget] the Committee on Fiscal 
Control and the Budget of the Senate.

           *       *       *       *       *       *       *


SEC. 258C. SPECIAL RECONCILIATION PROCESS.

    (a) Reporting of Resolutions and Reconciliation Bills and 
Resolutions, in the Senate.--
          (1) Committee alternatives to presidential order.--
        After the submission of an OMB sequestration update 
        report under section 254 that envisions a sequestration 
        under section 252 or 253, each standing committee of 
        the Senate may, not later than October 10, submit to 
        [the Committee on the Budget] the Committee on Fiscal 
        Control and the Budget of the Senate information of the 
        type described in section 301(d) of the Congressional 
        Budget Act of 1974 with respect to alternatives to the 
        order envisioned by such report insofar as such order 
        affects laws within the jurisdiction of the committee.
          (2) Initial budget committee action.--After the 
        submission of such a report, the [the Committee on the 
        Budget] the Committee on Fiscal Control and the Budget 
        of the Senate may, not later than October 15, report to 
        the Senate a resolution. The resolution may affirm the 
        impact of the order envisioned by such report, in whole 
        or in part. To the extent that any part is not 
        affirmed, the resolution shall state which parts are 
        not affirmed and shall contain instructions to 
        committees of the Senate of the type referred to in 
        section 310(a) of the Congressional Budget Act of 1974, 
        sufficient to achieve at least the total level of 
        deficit reduction contained in those sections which are 
        not affirmed.
          (3) Response of committees.--Committees instructed 
        pursuant to paragraph (2), or affected thereby, shall 
        submit their responses to [the Budget Committee] the 
        Committee on Fiscal Control and the Budget of the 
        Senate no later than 10 days after the resolution 
        referred to in paragraph (2) is agreed to, except that 
        if only one such Committee is so instructed such 
        Committee shall, by the same date, report to the Senate 
        a reconciliation bill or reconciliation resolution 
        containing its recommendations in response to such 
        instructions. A committee shall be considered to have 
        complied with all instructions to it pursuant to a 
        resolution adopted under paragraph (2) if it has made 
        recommendations with respect to matters within its 
        jurisdiction which would result in a reduction in the 
        deficit at least equal to the total reduction directed 
        by such instructions.
          (4) [Budget committee action] Action by the committee 
        on fiscal control and the budget.--Upon receipt of the 
        recommendations received in response to a resolution 
        referred to in paragraph (2), [the Budget Committee] 
        the Committee on Fiscal Control and the Budget of the 
        Senate shall report to the Senate a reconciliation bill 
        or reconciliation resolution, or both, carrying out all 
        such recommendations without any substantive revisions. 
        In the event that a committee instructed in a 
        resolution referred to in paragraph (2) fails to submit 
        any recommendation (or, when only one committee is 
        instructed, fails to report a reconciliation bill or 
        resolution) in response to such instructions, [the 
        Budget Committee] the Committee on Fiscal Control and 
        the Budget of the Senate shall include in the 
        reconciliation bill or reconciliation resolution 
        reported pursuant to this subparagraph legislative 
        language within the jurisdiction of the noncomplying 
        committee to achieve the amount of deficit reduction 
        directed in such instructions.

           *       *       *       *       *       *       *


        CONGRESSIONAL BUDGET AND IMPOUNDMENT CONTROL ACT OF 1974

 [Pub. L. 93-344, as amended through Pub. L. 115-123; 2 U.S.C. 621 et 
                                 seq.]

    Section 1. (a) Short Title.--* * *
    (b) Table of Contents.--

           *       *       *       *       *       *       *

[Sec. 301. Annual adoption of concurrent resolution on the budget.]
Sec. 301. Biennial adoption of concurrent resolution on the budget.
     * * * * * * *
[Sec. 306. Legislation dealing with congressional budget must be handled 
          by budget committees.]
Sec. 306. Legislation dealing with congressional budget must be handled 
          by the Committee on the Budget of the House of Representatives 
          and the Committee on Fiscal Control and the Budget of the 
          Senate.
[Sec. 307. House committee action on all appropriation bills to be 
          completed by June 10.]
Sec. 307. Deadline for House committee action on all appropriation 
          bills.
     * * * * * * *
Sec. 316. Automatic adjustment of debt limit and statutory caps.
Sec. 317. Special reconciliation instructions.
     * * * * * * *

     Part C--Additional Limitations on Budgetary and Appropriations 
                               Legislation

Sec. 441. Point of order against changes in the mandatory programs 
          affecting the Crime Victims Fund.
     * * * * * * *
    Sec. 2. The Congress declares that it is essential-- * * *
          (2) to provide for the congressional determination 
        [each year] biennially of the appropriate level of 
        Federal revenues and expenditures;

           *       *       *       *       *       *       *

    Sec. 3. In General.--For purposes of this Act-- * * *
          (4) The term ``concurrent resolution on the budget'' 
        means--
                  (A) a concurrent resolution setting forth the 
                congressional budget for the United States 
                Government for a [fiscal year] biennium as 
                provided in section 301; and
                  (B) any other concurrent resolution revising 
                the congressional budget for the United States 
                Government for a [fiscal year] biennium as 
                described in section 304.

           *       *       *       *       *       *       *

          (12) The term ``biennium'' means the period of 2 
        consecutive fiscal years beginning on October 1 of any 
        odd-numbered year.
          (13) The term ``bipartisan budget resolution'' means 
        a concurrent resolution on the budget for a biennium 
        that--
                  (A) meets the requirements under section 301; 
                and
                  (B) is ordered reported to the Senate by the 
                Committee on Fiscal Control and the Budget of 
                the Senate by an affirmative vote of not less 
                than half of the Senators that are members of 
                the majority party in the Senate and not less 
                than half of the Senators that are members of 
                the minority party in the Senate.

           *       *       *       *       *       *       *


CONGRESSIONAL BUDGET ACT OF 1974

           *       *       *       *       *       *       *


                 TITLE II--CONGRESSIONAL BUDGET OFFICE


                             [2 U.S.C. 601]

                        ESTABLISHMENT OF OFFICE

    Sec. 201. (a) In General.-- * * *
          (2) The Director shall be appointed by the Speaker of 
        the House of Representatives and the President pro 
        tempore of the Senate after considering recommendations 
        received from [the Committees on the Budget of the 
        House and the Senate] the Committee on the Budget of 
        the House of Representatives and the Committee on 
        Fiscal Control and the Budget of the Senate, without 
        regard to political affiliation and solely on the basis 
        of his fitness to perform his duties. The Deputy 
        Director shall be appointed by the Director.

           *       *       *       *       *       *       *

    (f) Revenue Estimates.--For the purposes of revenue 
legislation which is income, estate and gift, excise, and 
payroll taxes (i.e., Social Security), considered or enacted in 
any session of Congress, the Congressional Budget Office shall 
use exclusively during that session of Congress revenue 
estimates provided to it by the Joint Committee on Taxation. 
During that session of Congress such revenue estimates shall be 
transmitted by the Congressional Budget Office to any committee 
of the House of Representatives or the Senate requesting such 
estimates, and shall be used by such Committees in determining 
such estimates. [The Budget Committees of the Senate and House] 
The Committee on the Budget of the House of Representatives and 
the Committee on Fiscal Control and the Budget of the Senate 
shall determine all estimates with respect to scoring points of 
order.

                          DUTIES AND FUNCTIONS

    Sec. 202. (a) Assistance to [Budget Committees] the 
Committee on the Budget of the House of Representatives and the 
Committee on Fiscal Control and the Budget of the Senate.--It 
shall be the primary duty and function of the Office to provide 
to [the Committees on the Budget of both Houses] the Committee 
on the Budget of the House of Representatives and the Committee 
on Fiscal Control and the Budget of the Senate information 
which will assist such committees in the discharge of all 
matters within their jurisdictions, including (1) information 
with respect to the budget, appropriation bills, and other 
bills authorizing or providing new budget authority or tax 
expenditures, (2) information with respect to revenues, 
receipts, estimated future revenues and receipts, and changing 
revenue conditions, and (3) such related information as such 
Committees may request.

           *       *       *       *       *       *       *

    (d) Assignment of Office Personnel to Committees and Joint 
Committees.--At the request of [the Committee on the Budget of 
either House] the Committee on the Budget of the House of 
Representatives or the Committee on Fiscal Control and the 
Budget of the Senate, personnel of the Office shall be 
assigned, on a temporary basis, to assist such committee. At 
the request of any other committee of either House or any joint 
committee of the Congress, personnel of the Office may be 
assigned, on a temporary basis, to assist such committee or 
joint committee with respect to matters directly related to the 
applicable provisions of subsection (b) or (c).
    (e) Reports to [Budget Committees] the Committee on the 
Budget of the House of Representatives and the Committee on 
Fiscal Control and the Budget of the Senate._
          (1) On or before February 15 of each year, the 
        Director shall submit to [the Committees on the Budget 
        of the House of Representatives and the Senate]  the 
        Committee on the Budget of the House of Representatives 
        and the Committee on Fiscal Control and the Budget of 
        the Senate, a report for the fiscal year commencing on 
        October 1 of that year, with respect to fiscal policy, 
        including (A) alternative levels of total revenues, 
        total new budget authority, and total outlays 
        (including related surpluses and deficits), (B) the 
        levels of tax expenditures under existing law, taking 
        into account projected economic factors and any changes 
        in such levels based on proposals in the budget 
        submitted by the President for such fiscal year, and 
        (C) a statement of the levels of budget authority and 
        outlays for each program assumed to be extended in the 
        baseline, as provided in section 257(b)(2)(A) and for 
        excise taxes assumed to be extended under section 
        257(b)(2)(C) of the Balanced Budget and Emergency 
        Deficit Control Act of 1985. Such report shall also 
        include a discussion of national budget priorities, 
        including alternative ways of allocating new budget 
        authority and budget outlays for such fiscal year among 
        major programs or functional categories, taking into 
        account how such alternative allocations will meet 
        major national needs and affect balanced growth and 
        development of the United States.
          [(2) The Director shall from time to time submit to 
        [the Committees on the Budget of the House of 
        Representatives and the Senate] the Committee on the 
        Budget of the House of Representatives and the 
        Committee on Fiscal Control and the Budget of the 
        Senate such further reports (including reports revising 
        the report required by paragraph (1)) as may be 
        necessary or appropriate to provide such Committees 
        with information, data, and analyses for the 
        performance of their duties and functions.]
          (2) The Director shall from time to time, as may be 
        necessary or appropriate to provide the Committee on 
        the Budget of the House of Representatives and the 
        Committee on Fiscal Control and the Budget of the 
        Senate with information, data, and analyses for the 
        performance of their duties and functions, submit to 
        such committees further reports, including reports--
                  (A) revising the report required under 
                paragraph (1);
                  (B) analyzing the accuracy of the projections 
                of the Office of economic factors, total 
                outlays, revenues, surpluses or deficits, and 
                debt;
                  (C) analyzing the accuracy of estimates, 
                comparisons, or descriptions, or components 
                thereof, that the Office prepared for 
                legislation that has been enacted; and
                  (D) updating economic projections, including 
                projections of the ratio of the debt held by 
                the public to the gross domestic product of the 
                United States.

           *       *       *       *       *       *       *

          (4) On or before December 20 of each year, the 
        Director shall submit to the Committee on the Budget of 
        the House of Representatives and the Committee on 
        Fiscal Control and the Budget of the Senate a report 
        on--
                  (A) planned and recent transparency efforts, 
                including proposals on making supporting 
                documents covering methods and assumptions used 
                in analyses and cost estimates publicly 
                available; and
                  (B) the feasibility of placing interactive 
                models online and releasing source code for 
                computer programs used in its analysis.
          (5) On or before January 15 of each year, the 
        Director shall submit to the Committee on the Budget of 
        the House of Representatives and the Committee on 
        Fiscal Control and the Budget of the Senate 1 or more 
        reports analyzing the accuracy of the projections of 
        the Office of total outlays and revenues for the 
        previous fiscal year.
          (6)(A) The Director shall, to the extent practicable, 
        make public supplemental information for estimates 
        provided by the Office--
                  (i) in the case of major legislation 
                described in subparagraph (B)(i)(I), not later 
                than 1 year after the date of enactment of that 
                legislation; and
                  (ii) in the case of major legislation 
                described in subparagraph (B)(i)(II), at a date 
                prescribed by the chairman of the Committee on 
                Fiscal Control and the Budget of the Senate or 
                the Committee on the Budget of the House of 
                Representatives.
          (B) In this paragraph:
                  (i) The term ``major legislation'' means a 
                bill, joint resolution, conference report, 
                amendment, amendment between the Houses, or 
                treaty considered in the Senate for which an 
                estimate was prepared pursuant to section 
                402(a)--
                          (I) that--
                                  (aa) was enacted; and
                                  (bb) causes a gross budgetary 
                                effect (before incorporating 
                                macroeconomic effects and not 
                                including timing shifts) in a 
                                fiscal year in the period of 
                                years of the most recently 
                                agreed to concurrent resolution 
                                on the budget equal to or 
                                greater than--
                                          (AA) 0.25 percent of 
                                        the current projected 
                                        gross domestic product 
                                        of the United States 
                                        for that fiscal year; 
                                        or
                                          (BB) for a treaty, 
                                        equal to or greater 
                                        than $15,000,000,000 
                                        for that fiscal year; 
                                        or
                          (II) designated as such by the 
                        Chairman of the Committee on Fiscal 
                        Control and the Budget of the Senate or 
                        the Chairman of the Committee on the 
                        Budget of the House of Representatives.
                  (ii) The term ``supplemental information''--
                          (I) means the principal information 
                        used in estimating the costs and other 
                        fiscal or economic effects of major 
                        legislation; and
                          (II) includes key fiscal or policy 
                        models, assumptions, data preparation 
                        routines, and other similar 
                        information.
          (7)(A) After November 15 of each year, the Director 
        shall submit to the Committee on Fiscal Control and the 
        Budget of the Senate and the Committee on the Budget of 
        the House of Representatives a report that includes--
                  (i) a list of all accounts in each functional 
                category in the portfolio for the respective 
                fiscal year described in subparagraph (B), as 
                well as a list of tax expenditures relevant to 
                each category;
                  (ii) levels of budget authority for the 
                previous 5 fiscal years for each account in 
                each functional category, sorted by 
                discretionary and mandatory amounts;
                  (iii) a list of major trust funds in each 
                portfolio and an accounting of the most 
                recently available projection of spending and 
                nongovernmental receipts dedicated to each 
                trust fund;
                  (iv) the projected date of exhaustion under 
                current law for any entitlement authority 
                derived from a trust fund;
                  (v) options to reduce the deficit focused on 
                the major functional categories in the 
                portfolio, including options involving tax 
                expenditures and other revenue; and
                  (vi) an analysis of various alternative 
                scenarios affecting major accounts in each such 
                portfolio, including relevant tax expenditures, 
                and the potential budgetary and economic 
                ramifications.
          (B) The portfolio described in this subparagraph 
        shall include the following major functional 
        categories:
                  (i) For fiscal year 2022, and every fifth 
                fiscal year thereafter--
                          (I) National Defense (050);
                          (II) International Affairs (150);
                          (III) Veterans Benefits and Services 
                        (700); and
                          (IV) Administration of Justice (750).
                  (ii) For fiscal year 2023, and every fifth 
                fiscal year thereafter--
                          (I) Health (550); and
                          (II) Medicare (570).
                  (iii) For fiscal year 2024, and every fifth 
                fiscal year thereafter--
                          (I) General Science, Space, and 
                        Technology (250);
                          (II) Transportation (400);
                          (III) Community and Regional 
                        Development (450); and
                          (IV) Education, Training, Employment, 
                        and Social Services (500).
                  (iv) For fiscal year 2025, and every fifth 
                fiscal year thereafter--
                          (I) Energy (270);
                          (II) Natural Resources and 
                        Environment (300);
                          (III) Agriculture (350); and
                          (IV) General Government (800).
                  (v) For fiscal year 2026, and every fifth 
                fiscal year thereafter--
                          (I) Commerce and Housing Credit 
                        (370);
                          (II) Income Security (600); and
                          (III) Social Security (650).

           *       *       *       *       *       *       *

    (h) Report on Debt-to-GDP Target.--
          (1) In general--Not later than February 15 of each 
        even-numbered year, the Director shall make publicly 
        available a report estimating whether the target for 
        the ratio of the debt held by the public to the gross 
        domestic product of the United States by the end of the 
        last fiscal year covered by the most recently agreed to 
        concurrent resolution on the budget will be achieved.
          (2) Discretionary Appropriations.--In producing each 
        estimate described in paragraph (1), the Director shall 
        assume discretionary appropriations are made available 
        in the amounts specified under the most recently agreed 
        to concurrent resolution on the budget.
          (3) Deficit Reduction.--For each report made 
        available under paragraph (1), the Director--
                  (A) shall include an estimate of the level of 
                deficit reduction required to achieve the 
                target for the ratio of the debt held by the 
                public to the gross domestic product of the 
                United States by the end of the last fiscal 
                year covered by the most recently agreed to 
                concurrent resolution on the budget; and
                  (B) in estimating the level of deficit 
                reduction required, shall account for interest 
                effects by reducing the target by the 
                percentage equal to percent of deficit 
                reduction stemming from interest changes 
                assumed in the most recently agreed to 
                concurrent resolution on the budget.

           *       *       *       *       *       *       *


                TITLE III--CONGRESSIONAL BUDGET PROCESS


                             [2 U.S.C. 631]

    Sec. 300. The timetable with respect to the congressional 
budget process for any fiscal year is as follows:

 
[On or before:                             Action to be completed:
  First Monday in February...............    President submits his budget.
  February 15............................    Congressional Budget Office submits report to Budget Committees.
  Not later than 6 weeks after President     Committees submit views and estimates to Budget Committees.
 submits budget.
  April 1................................    Senate Budget Committee reports concurrent resolution on the
                                            budget.
  April 15...............................    Congress completes action on concurrent resolution on the budget.
  May 15.................................    Annual appropriation bills may be considered in the House.
  June 10................................    House Appropriations Committee reports last annual appropriation
                                            bill.
  June 15................................    Congress completes action on reconciliation legislation.
  June 30................................    House completes action on annual appropriation bills.
  October 1..............................    Fiscal year begins.]
 

SEC. 300. TIMETABLE.

    (a) In General.--Except as provided in subsection (b), the 
timetable with respect to the congressional budget process for 
any Congress is as follows:

                                                  First Session
On or before:                              Action to be completed:
First Monday in February.................  President submits budget recommendations.
February 15..............................  Congressional Budget Office submits report to the Committee on the
                                            Budget of the House of Representatives and the Committee on Fiscal
                                            Control and the Budget of the Senate.
March 1..................................  Committees submit views and estimates to the Committee on the Budget
                                            of the House of Representatives and the Committee on Fiscal Control
                                            and the Budget of the Senate.
April 1..................................  Committee on Fiscal Control and the Budget of the Senate reports
                                            concurrent resolution on the biennial budget.
May 15...................................  Congress completes action on concurrent resolution on the biennial
                                            budget.
May 15...................................  Appropriation bills may be considered in the House of
                                            Representatives.
June 10..................................  Committee on Appropriations of the House of Representatives reports
                                            last appropriation bill.
June 30..................................  House of Representatives completes action on appropriation bills.
October 1................................  First fiscal year of biennium begins.
December 1...............................  President submits an administrative budget.
 


                                                 Second Session
On or before:                              Action to be completed:
February 15..............................  Congressional Budget Office submits report to the Committee on the
                                            Budget of the House of Representatives and the Committee on Fiscal
                                            Control and the Budget of the Senate.
February 15..............................  Congressional Budget Office releases report on achieving debt-to-GDP
                                            ratio.
March 15.................................  President submits budget update for the second fiscal year of the
                                            biennium.
April 15.................................  Committee on Fiscal Control and the Budget of the Senate reports a
                                            special reconciliation resolution.
May 15...................................  Committees submit recommendations for special reconciliation bill.
May 15...................................  Appropriation bills may be considered in the House of
                                            Representatives.
June 10..................................  Committee on Appropriations of the House of Representatives reports
                                            last appropriation bill.
June 30..................................  House of Representatives completes action on appropriation bills.
July 30..................................  Congress completes action on special reconciliation bill.
October 1................................  Second fiscal year of biennium begins
December 1...............................  President submits an administrative budget.
 

    (b) Special Rule for Certain First Sessions.--In the case 
of any first session of Congress that begins in any year 
immediately following a leap year and during which the term of 
a President (except a President who succeeds himself or 
herself) begins, the following dates shall supersede those set 
forth in subsection (a):

                                                  First Session
On or before:                              Action to be completed:
First Monday in April....................  President submits budget recommendations.
April 15.................................  Congressional Budget Office submits report to the Committee on the
                                            Budget of the House of Representatives and the Committee on Fiscal
                                            Control and the Budget of the Senate.
May 1....................................  Committees submit views and estimates to the Committee on the Budget
                                            of the House of Representatives and the Committee on Fiscal Control
                                            and the Budget of the Senate.
June 1...................................  Committee on Fiscal Control and the Budget of the Senate reports
                                            concurrent resolution on the biennial budget.
June 15..................................  Congress completes action on concurrent resolution on the biennial
                                            budget.
June 15..................................  Appropriation bills may be considered in the House of
                                            Representatives.
June 30..................................  Committee on Appropriations of the House of Representatives reports
                                            last appropriation bill.
July 15..................................  House of Representatives completes action on appropriation bills.
October 1................................  First fiscal year of biennium begins.
December 1...............................  President submits an administrative budget.
 

   [ANNUAL] BIENNIAL ADOPTION OF CONCURRENT RESOLUTION ON THE BUDGET

    Sec. 301. [(a) Content of Concurrent Resolution on the 
Budget.--On or before April 15 of each year, the Congress shall 
complete action on a concurrent resolution on the budget for 
the fiscal year beginning on October 1 of such year. The 
concurrent resolution shall set forth appropriate levels for 
the fiscal year beginning on October 1 of such year and for at 
least each of the 4 ensuing fiscal years for the following--]
    (a) Content of Concurrent Resolution on the Budget._On or 
before May 15 of each odd-numbered year (or, if applicable 
under section 300(b), June 15 of an odd-numbered year), 
Congress shall complete action on a concurrent resolution on 
the budget for the biennium beginning on October 1 of such 
year. The concurrent resolution shall--
          (1) for an concurrent resolution on the budget, set 
        forth appropriate levels for each fiscal year in such 
        biennium and for at least each fiscal year of each of 
        the ensuing 2 bienniums for the following--
                  ([1]A) totals of new budget authority and 
                outlays;
                  ([2]B) total Federal revenues and the amount, 
                if any, by which the aggregate level of Federal 
                revenues should be increased or decreased by 
                bills and resolutions to be reported by the 
                appropriate committees;
                  ([3]C) the surplus or deficit in the budget;
                  ([4]D) for direct spending (as defined in 
                section 250 of the Balanced Budget and 
                Emergency Deficit Control Act of 1985 (2 U.S.C. 
                900)), new budget authority and outlays for 
                each major functional category, based on 
                allocations of the total levels set forth 
                pursuant to [paragraph (1)] subparagraph A;
                  ([5]E) [the public debt] the debt held by the 
                public and debt subject to limit under section 
                3101 of title 31, United States Code;
                  ([6]F) For purposes of Senate enforcement 
                under this title, outlays of the old-age, 
                survivors, and disability insurance program 
                established under title II of the Social 
                Security Act [for the fiscal year] for each 
                fiscal year in the biennium of the resolution 
                and for each of the 4 succeeding fiscal years; 
                [and]
                  ([7]G) For purposes of Senate enforcement 
                under this title, revenues of the old-age, 
                survivors, and disability insurance program 
                established under title II of the Social 
                Security Act (and the related provisions of the 
                Internal Revenue Code of 1986) [for the fiscal 
                year] for each fiscal year in the biennium of 
                the resolution and for each of the 4 succeeding 
                fiscal years[.];
                  (H) the allocated amount of discretionary 
                appropriations; and
                  (I) the unallocated amount of discretionary 
                appropriations;
          (2) for any concurrent resolution on the budget, 
        include, in accordance with section 316, a clear 
        statement of the appropriate level for the debt subject 
        to limit under section 3101 of title 31, United States 
        Code, as of the end of the second fiscal year of the 
        biennium of the concurrent resolution on the budget;
          (3) for a bipartisan budget resolution, include--
                  (A) in accordance with section 316, a clear 
                statement of the appropriate level for the 
                discretionary spending limit for each fiscal 
                year of the biennium of the concurrent 
                resolution on the budget;
                  (B) the amount of health care spending by the 
                Government;
                  (C) the amount of tax expenditures;
                  (D) the amount of discretionary 
                appropriations (as defined in section 250 of 
                the Balanced Budget and Emergency Deficit 
                Control Act of 1985 (2 U.S.C. 900)); and
                  (E) the amount of revenues.
          (4) for any concurrent resolution on the budget, 
        specify the amount of the gross domestic product of the 
        United States assumed for purposes of each fiscal year 
        covered by the concurrent resolution; and
          (5) for any concurrent resolution on the budget, 
        specify a target for the ratio of the debt held by the 
        public to the gross domestic product of the United 
        States (rounded to the nearest one-tenth of 1 percent) 
        for each fiscal year covered by the concurrent 
        resolution.
The concurrent resolution shall not include the outlays and 
revenue totals of the old-age, survivors, and disability 
insurance program established under title II of the Social 
Security Act or the related provisions of the Internal Revenue 
Code of 1986 in the surplus or deficit totals required by this 
subsection or in any other surplus or deficit totals required 
by this title.
    (b) Additional Matters in Concurrent Resolution.--The 
concurrent resolution on the budget may--
          (1) set forth, if required by subsection (f), the 
        calendar year in which, in the opinion of the Congress, 
        the goals for reducing unemployment set forth in 
        section 4(b) of the Employment Act of 1946 should be 
        achieved;
          (2) include reconciliation directives described in 
        section 310;
          (3) require a procedure under which all or certain 
        bills or resolutions providing new budget authority or 
        new entitlement authority [for such fiscal year] for 
        either fiscal year in such biennium shall not be 
        enrolled until the Congress has completed action on any 
        reconciliation bill or reconciliation resolution or 
        both required by such concurrent resolution to be 
        reported in accordance with section 310(b);
          (4) set forth such other matters, and require such 
        other procedures, relating to the budget, as may be 
        appropriate to carry out the purposes of this Act;
          (5) include a heading entitled ``Debt Increase as 
        Measure of Deficit'' in which the concurrent resolution 
        shall set forth the amounts by which the debt subject 
        to limit (in section 3101 of title 31 of the United 
        States Code) has increased or would increase in each of 
        the relevant fiscal years;
          (6) include a heading entitled ``Display of Federal 
        Retirement Trust Fund Balances'' in which the 
        concurrent resolution shall set forth the balances of 
        the Federal retirement trust funds;
          (7) set forth procedures in the Senate whereby 
        committee allocations, aggregates, and other levels can 
        be revised for legislation if that legislation would 
        not increase the deficit, or would not increase the 
        deficit when taken with other legislation enacted after 
        the adoption of the resolution, for the first fiscal 
        year or the total period of fiscal years covered by the 
        resolution;
          (8) set forth procedures to effectuate pay-as-you-go 
        in the House of Representatives; [and]
          (9) set forth direct loan obligation and primary loan 
        guarantee commitment levels[.]; and
          (10) include the amount of tax expenditures.

           *       *       *       *       *       *       *

    (d) Views and Estimates of Other Committees.--[Within 6 
weeks after the President submits a budget under section 
1105(a) of title 31, United States Code,] (1) In General._Not 
later than March 1 of each odd-numbered year (or, if applicable 
under section 300(b), May 1 of an odd-numbered year), or at 
such time as may be requested by [the Committee on the Budget] 
the Committee on the Budget of the House of Representatives, 
with respect to a committee of the House of Representatives, or 
the Committee on Fiscal Control and the Budget of the Senate, 
with respect to a committee of the Senate , each committee of 
the House of Representatives having legislative jurisdiction 
shall submit to the Committee on the Budget of the House and 
each committee of the Senate having legislative jurisdiction 
shall submit to [the Committee on the Budget of the Senate] the 
Committee on Fiscal Control and the Budget of the Senate its 
views and estimates (as determined by the committee making such 
submission) with respect to all matters set forth in 
subsections (a) and (b) which relate to matters within the 
jurisdiction or functions of such committee. The Joint Economic 
Committee shall submit to [the Committees on the Budget of both 
Houses] the Committee on the Budget of the House of 
Representatives and the Committee on Fiscal Control and the 
Budget of the Senate its recommendations as to the fiscal 
policy appropriate to the goals of the Employment Act of 1946. 
Any other committee of the House of Representatives or the 
Senate may submit to [the Committee on the Budget of its House] 
the Committee on the Budget of the House of Representatives or 
the Committee on Fiscal Control and the Budget of the Senate, 
respectively, and any joint committee of the Congress may 
submit to [the Committees on the Budget of both Houses] the 
Committee on the Budget of the House of Representatives and the 
Committee on Fiscal Control and the Budget of the Senate, its 
views and estimates with respect to all matters set forth in 
subsections (a) and (b) which relate to matters within its 
jurisdiction or functions. Any Committee of the House of 
Representatives or the Senate that anticipates that the 
committee will consider any proposed legislation establishing, 
amending, or reauthorizing any Federal program likely to have a 
significant budgetary impact on any State, local, or tribal 
government, or likely to have a significant financial impact on 
the private sector, including any legislative proposal 
submitted by the executive branch likely to have such a 
budgetary or financial impact, shall include its views and 
estimates on that proposal to [the Committee on the Budget of 
the applicable House] the Committee on the Budget of the House 
of Representatives or the Committee on Fiscal Control and the 
Budget of the Senate, as applicable.
  (2) Review of unauthorized appropriations.--Each committee of 
the House of Representatives and the Senate shall include in 
the views and estimates of the committee required under 
paragraph (1) a description of the plans of the committee to 
consider legislation relating to programs within the 
jurisdiction of the committee that appeared in the most recent 
report of the Congressional Budget Office on unauthorized 
appropriations submitted to Congress under section 202(e)(3).
  (3) Oversight of Government Performance.--
          (A) Review.--Each committee of the House of 
        Representatives and the Senate shall--
                  (i) review programs and tax expenditures of 
                which the committee has jurisdiction to 
                identify waste, fraud, abuse, or duplication, 
                and increase the use of performance data to 
                inform committee work; and
                  (ii) review the matters for congressional 
                consideration identified in--
                          (I) the applicable semiannual reports 
                        of the inspectors general for which the 
                        committee has jurisdiction;
                          (II) the list of unimplemented 
                        recommendations compiled by the 
                        inspectors general for which the 
                        committee has jurisdiction;
                          (III) the High Risk list published by 
                        the Government Accountability Office; 
                        and
                          (IV) the annual report to reduce 
                        program duplication published by the 
                        Government Accountability Office as 
                        required under section 21 of the Joint 
                        Resolution entitled ``Joint Resolution 
                        increasing the statutory limit on the 
                        public debt'', approved February 12, 
                        2010 (31 U.S.C. 712 note).
          (B) Inclusion in views and estimates.--Based on the 
        oversight efforts and performance reviews of programs 
        under subparagraph (A), each committee of the House of 
        Representatives and the Senate shall include plans for 
        improved governmental performance in the views and 
        estimates of the committee required under paragraph (1) 
        to the Committee on the Budget of the House of 
        Representatives or the Committee on Fiscal Control and 
        the Budget of the Senate, respectively.
  (4) Revenue projection.--The Committee on Finance of the 
Senate and the Committee on Ways and Means of the House of 
Representatives shall each include in the views and estimates 
of the committee required under paragraph (1)--
          (A) a report providing revenue projections for each 
        fiscal year in the next biennium and the 4 ensuing 
        bienniums, which shall include a description of how 
        such revenue projections would be impacted by any 
        extension of an expiring or terminating tax provision 
        anticipated by the committee or other policy 
        initiatives of the committee;
          (B) a list of--
                  (i) any tax provisions that are scheduled to 
                expire or terminate during the period described 
                in subparagraph (A); and
                  (ii) any provisions described in clause (i) 
                that the committee anticipates will be 
                extended--
                          (I) to apply with respect to the next 
                        biennium; or
                          (II) to apply with respect to the 
                        period described in subparagraph (A); 
                        and
          (C) an estimate of--
                  (i) the cost to extend the tax provisions 
                listed in subparagraph (B)(i); and
                  (ii) the cost to extend the tax provisions 
                the committee anticipates will be extended, as 
                listed under subparagraph (B)(ii).
    (e) Hearings and Report.--
          (1) In developing the concurrent resolution on the 
        budget referred to in subsection (a) for each [fiscal 
        year] biennium, [the Committee on the Budget of each 
        House shall] the Committee on the Budget of the House 
        of Representatives and the Committee on Fiscal Control 
        and the Budget of the Senate shall each hold hearings 
        and shall receive testimony from Members of Congress 
        and such appropriate representatives of Federal 
        departments and agencies, the general public, and 
        national organizations as the committee deems 
        desirable. Each of the recommendations as to short-term 
        and medium-term goal set forth in the report submitted 
        by the members of the Joint Economic Committee under 
        subsection (d) may be considered by [the Committee on 
        the Budget of each House] the Committee on the Budget 
        of the House of Representatives and the Committee on 
        Fiscal Control and the Budget of the Senate as part of 
        [its] such committee's consideration of such concurrent 
        resolution, and [its] such committee's report may 
        reflect [its] such committee's views thereon, including 
        [its] such committee's views on how the estimates of 
        revenues and levels of budget authority and outlays set 
        forth in such concurrent resolution are designed to 
        achieve any goals [it] such committee is recommending. 
        On or before April 1 of each odd-numbered year (or, if 
        applicable under section 300(b), June 1 of an odd 
        numbered year), the Committee on the Budget of the 
        House of Representatives and the Committee on Fiscal 
        Control and the Budget of the Senate shall report to 
        its House the concurrent resolution on the budget 
        referred to in subsection (a) for the biennium 
        beginning on October 1 of that year.
          (2) Required contents of report.--The report 
        accompanying the resolution shall include--
                  [(A) a comparison of the levels of total new 
                budget authority, total outlays, total 
                revenues, and the surplus or deficit for each 
                fiscal year set forth in the resolution with 
                those requested in the budget submitted by the 
                President;
                  (B) with respect to each major functional 
                category, an estimate of total new budget 
                authority and total outlays, with the estimates 
                divided between discretionary and mandatory 
                amounts;]
                  ([C]A) the economic assumptions that underlie 
                each of the matters set forth in the resolution 
                and any alternative economic assumptions and 
                objectives the committee considered;
                  ([D]B) information, data, and comparisons 
                indicating the manner in which, and the basis 
                on which, the committee determined each of the 
                matters set forth in the resolution;
                  ([E]C) the estimated levels of tax 
                expenditures (the tax expenditures budget) by 
                major items and functional categories [for the 
                President's budget] and in the resolution; and
                  ([F]D) allocations described in section 
                302(a).
          (3) Additional contents of report.--The report 
        accompanying the resolution may include--
                  (A) a statement of any significant changes in 
                the proposed levels of Federal assistance to 
                State and local governments;
                  (B) an allocation of the level of Federal 
                revenues recommended in the resolution among 
                the major sources of such revenues;
                  (C) information, data, and comparisons on the 
                share of total Federal budget outlays and of 
                gross domestic product devoted to investment in 
                the budget submitted by the President and in 
                the resolution;
                  (D) the assumed levels of budget authority 
                and outlays for public buildings, with a 
                division between amounts for construction and 
                repair and for rental payments; and
                  (E) other matters, relating to the budget and 
                to fiscal policy, that the committee deems 
                appropriate.
    (f) Achievement of Goals for Reducing Unemployment.--
          (1) If, pursuant to section 4(c) of the Employment 
        Act of 1946, the President recommends in the Economic 
        Report that the goals for reducing unemployment set 
        forth in section 4(b) of such Act be achieved in a year 
        after the close of the five-year period prescribed by 
        such subsection, the concurrent resolution on the 
        budget for the [fiscal year] biennium beginning after 
        the date on which such Economic Report is received by 
        the Congress may set forth the year in which, in the 
        opinion of the Congress, such goals can be achieved.
          (2) After the Congress has expressed its opinion 
        pursuant to paragraph (1) as to the year in which the 
        goals for reducing unemployment set forth in section 
        4(b) of the Employment Act of 1946 can be achieved, if, 
        pursuant to section 4(e) of such Act, the President 
        recommends in the Economic Report that such goals be 
        achieved in a year which is different from the year in 
        which the Congress has expressed its opinion that such 
        goals should be achieved, either in its action pursuant 
        to paragraph (1) or in its most recent action pursuant 
        to this paragraph, the concurrent resolution on the 
        budget for the [fiscal year] biennium beginning after 
        the date on which such Economic Report is received by 
        the Congress may set forth the year in which, in the 
        opinion of the Congress, such goals can be achieved.
          (3) It shall be in order to amend the provision of 
        such resolution setting forth such year only if the 
        amendment thereto also proposes to alter the estimates, 
        amounts, and levels (as described in subsection (a)) 
        set forth in such resolution in germane fashion in 
        order to be consistent with the economic goals (as 
        described in sections 3(a)(2) and (4)(b) of the 
        Employment Act of 1946) which such amendment proposes 
        can be achieved by the year specified in such 
        amendment.
    (g) Economic Assumptions.--
          (1) It shall not be in order in the Senate to 
        consider any concurrent resolution on the budget [for a 
        fiscal year] for a biennium, or any amendment thereto, 
        or any conference report thereon, that sets forth 
        amounts and levels that are determined on the basis of 
        more than one set of economic and technical 
        assumptions.

           *       *       *       *       *       *       *

    (h) Budget Committees Consultation With Committees.--The 
Committee on the Budget of the House of Representatives shall 
consult with the committees of [its House] the House of 
Representatives having legislative jurisdiction during the 
preparation, consideration, and enforcement of the concurrent 
resolution on the budget with respect to all matters which 
relate to the jurisdiction or functions of such committees.

           *       *       *       *       *       *       *


                         COMMITTEE ALLOCATIONS

    Sec. 302. (a) Committee Spending Allocations.--
          (1) Allocation among committees.--The joint 
        explanatory statement accompanying a conference report 
        on a concurrent resolution on the budget shall include 
        an allocation, consistent with the resolution 
        recommended in the conference report, [of the levels 
        for the first fiscal year of the resolution, for at 
        least each of the ensuing 4 fiscal years, and a total 
        for that period of fiscal years (except in the case of 
        the Committee on Appropriations only for the fiscal 
        year of that resolution) of--] of the levels for each 
        fiscal year in the next biennium, for the period of the 
        next biennium and the ensuing 2 bienniums, and for the 
        period covered by the resolution (except in the case of 
        the Committee on Appropriations only for each fiscal 
        year in the biennium) of--
                  (A) total new budget authority; and
                  (B) total outlays;
                among each committee of the House of 
                Representatives or the Senate that has 
                jurisdiction over legislation providing or 
                creating such amounts.
          (2) No double counting.--In the House of 
        Representatives, any item allocated to one committee 
        may not be allocated to another committee.
          (3) Further division of amounts.--
                  (A) In the senate.--In the Senate, the amount 
                allocated to the Committee on Appropriations 
                shall be further divided among the categories 
                specified in section 250(c)(4) of the Balanced 
                Budget and Emergency Deficit Control Act of 
                1985 and shall not exceed the limits for each 
                category set forth in section 251(c) of that 
                Act.
                  (B) In the house.--In the House of 
                Representatives, the amounts allocated to each 
                committee for each fiscal year, other than the 
                Committee on Appropriations, shall be further 
                divided between amounts provided or required by 
                law on the date of filing of that conference 
                report and amounts not so provided or required. 
                The amounts allocated to the Committee on 
                Appropriations shall be further divided--
                          (i) between discretionary and 
                        mandatory amounts or programs, as 
                        appropriate; and
                          (ii) consistent with the categories 
                        specified in section 250(c)(4) of the 
                        Balanced Budget and Emergency Deficit 
                        Control Act of 1985.
          (4) Amounts not allocated.--In the House of 
        Representatives or the Senate, if a committee receives 
        no allocation of new budget authority or outlays, that 
        committee shall be deemed to have received an 
        allocation equal to zero for new budget authority or 
        outlays.
          (5) Adjusting allocation of discretionary spending in 
        the house of representatives.--(A) If a concurrent 
        resolution on the budget is not adopted by [April 15] 
        May 15 of an odd-numbered year (or, if applicable under 
        section 300(b), June 15 of an odd-numbered year), the 
        chairman of the Committee on the Budget of the House of 
        Representatives shall submit to the House, as soon as 
        practicable, an allocation under paragraph (1) to the 
        Committee on Appropriations consistent with the 
        discretionary spending levels in the most recently 
        agreed to concurrent resolution on the budget for the 
        appropriate fiscal year covered by that resolution.
          (B) As soon as practicable after an allocation under 
        paragraph (1) is submitted under this section, the 
        Committee on Appropriations shall make suballocations 
        and report those suballocations to the House of 
        Representatives.
    (b) Suballocations by Appropriations Committees.--As soon 
as practicable after a concurrent resolution on the budget is 
agreed to, the Committee on Appropriations of each House (after 
consulting with the Committee on Appropriations of the other 
House) shall suballocate each amount allocated to it for the 
[budget year] biennium under subsection (a) among its 
subcommittees. Each Committee on Appropriations shall promptly 
report to its House suballocations made or revised under this 
subsection. The Committee on Appropriations of the House of 
Representatives shall further divide among its subcommittees 
the divisions made under subsection (a)(3)(B) and promptly 
report those divisions to the House.
    (c) Point of Order.--After the Committee on Appropriations 
has received an allocation pursuant to subsection (a) [for a 
fiscal year] for each fiscal year in the biennium, it shall not 
be in order in the House of Representatives or the Senate to 
consider any bill, joint resolution, amendment, motion, or 
conference report within the jurisdiction of that committee 
providing new budget authority [for that fiscal year] for a 
fiscal year during that biennium, until that committee makes 
the suballocations required by subsection (b).

           *       *       *       *       *       *       *

    (f) Legislation Subject to Point of Order.--
          (1) In the house of representatives.--After the 
        Congress has completed action on a concurrent 
        resolution on the budget [for a fiscal year] for a 
        biennium, it shall not be in order in the House of 
        Representatives to consider any bill, joint resolution, 
        or amendment providing new budget authority for any 
        fiscal year, or any conference report on any such bill 
        or joint resolution, if--
                  (A) the enactment of such bill or resolution 
                as reported;
                  (B) the adoption and enactment of such 
                amendment; or
                  (C) the enactment of such bill or resolution 
                in the form recommended in such conference 
                report,
                would cause the applicable allocation of new 
                budget authority made under subsection (a) or 
                (b) for [the first fiscal year] each fiscal 
                year of the biennium or the total of fiscal 
                years to be exceeded.
          (2) In the senate.--After a concurrent resolution on 
        the budget is agreed to, it shall not be in order in 
        the Senate to consider any bill, joint resolution, 
        amendment, motion, or conference report that would 
        cause--
                  (A) in the case of any committee except the 
                Committee on Appropriations, the applicable 
                allocation of new budget authority or outlays 
                under subsection (a) [for the first fiscal 
                year] each fiscal year of the biennium or [the 
                total of fiscal years] the total of all fiscal 
                years covered by the resolution to be exceeded; 
                or
                  (B) in the case of the Committee on 
                Appropriations, the applicable suballocation of 
                new budget authority or outlays under 
                subsection (b) to be exceeded.
    (g) Pay-as-You-Go Exception in the House.--
          (1) In general.--(A) Subsection (f)(1) and, after 
        [April 15] May 15 of an odd-numbered year (or, if 
        applicable under section 300(b), June 15 of an odd-
        numbered year), section 303(a) shall not apply to any 
        bill or joint resolution, as reported, amendment 
        thereto, or conference report thereon if, for each 
        fiscal year covered by the most recently agreed to 
        concurrent resolution on the budget--
                  (i) the enactment of that bill or resolution 
                as reported;
                  (ii) the adoption and enactment of that 
                amendment; or
                  (iii) the enactment of that bill or 
                resolution in the form recommended in that 
                conference report,
would not increase the deficit, and, if the sum of any revenue 
increases provided in legislation already enacted during the 
current session (when added to revenue increases, if any, in 
excess of any outlay increase provided by the legislation 
proposed for consideration) is at least as great as the sum of 
the amount, if any, by which the aggregate level of Federal 
revenues should be increased as set forth in that concurrent 
resolution and the amount, if any, by which revenues are to be 
increased pursuant to pay-as-you-go procedures under section 
301(b)(8), if included in that concurrent resolution.

           *       *       *       *       *       *       *


   CONCURRENT RESOLUTION ON THE BUDGET MUST BE ADOPTED BEFORE BUDGET-
                   RELATED LEGISLATION IS CONSIDERED

    Sec. 303. (a) In General.--Until the concurrent resolution 
on the budget [for a fiscal year] for a biennium has been 
agreed to, it shall not be in order in the House of 
Representatives, with respect to [the first fiscal year] each 
fiscal year in the biennium covered by that resolution, or the 
Senate, with respect to any fiscal year covered by that 
resolution, to consider any bill or joint resolution, amendment 
or motion thereto, or conference report thereon that--
          (1) first provides new budget authority for that 
        fiscal year;
          (2) first provides an increase or decrease in 
        revenues during that fiscal year;
          (3) provides an increase or decrease in the public 
        debt limit to become effective during that fiscal year;
          (4) in the Senate only, first provides new 
        entitlement authority for that fiscal year; or
          (5) in the Senate only, first provides for an 
        increase or decrease in outlays for that fiscal year.
    (b) Exceptions in the House.--In the House of 
Representatives, subsection (a) does not apply--
          (1)(A) to any bill or joint resolution, as reported, 
        providing advance discretionary new budget authority 
        that first becomes available for the first or second 
        fiscal year after [the budget year] the biennium; or
          (B) to any bill or joint resolution, as reported, 
        first increasing or decreasing revenues in a fiscal 
        year following the fiscal year to which the concurrent 
        resolution applies;
          (2) after May 15 (or, if applicable under section 
        300(b), June 15), to any general appropriation bill or 
        amendment thereto; or
          (3) to any bill or joint resolution unless it is 
        reported by a committee.
    (c) Application to Appropriation Measures in the Senate.--
          (1) In general.--Until the concurrent resolution on 
        the budget for a [fiscal year] biennium has been agreed 
        to and an allocation has been made to the Committee on 
        Appropriations of the Senate under section 302(a) for 
        that year, it shall not be in order in the Senate to 
        consider any appropriation bill or joint resolution, 
        amendment or motion thereto, or conference report 
        thereon for that year or any subsequent year.
          (2) Exception.--Paragraph (1) does not apply to 
        appropriations legislation making advance 
        appropriations for the first or second fiscal year 
        after the year the allocation referred to in that 
        paragraph is made.

     PERMISSIBLE REVISIONS OF CONCURRENT RESOLUTIONS ON THE BUDGET

    Sec. 304. At any time after the concurrent resolution on 
the budget for a [fiscal year] biennium has been agreed to 
pursuant to section 301, and before the end of such [fiscal 
year] biennium, the two Houses may adopt a concurrent 
resolution on the budget which revises or reaffirms the 
concurrent resolution on the budget [for such fiscal year] for 
such biennium most recently agreed to.

 PROVISIONS RELATING TO THE CONSIDERATION OF CONCURRENT RESOLUTIONS ON 
                               THE BUDGET

    Sec. 305. (a) Procedure in House of Representatives After 
Report of Committee; Debate.--
          (1) * * *
          (3) Following the presentation of opening statements 
        on the concurrent resolution on the budget for a 
        [fiscal year] biennium by the chairman and ranking 
        minority member of the Committee on the Budget of the 
        House, there shall be a period of up to four hours for 
        debate on economic goals and policies.

           *       *       *       *       *       *       *

    (b) Procedure in Senate After Report of Committee; [Debate] 
Consideration; Amendments.--
          (1) [Debate in the Senate on] Consideration in the 
        Senate of any concurrent resolution on the budget, and 
        all amendments thereto and debatable motions and 
        appeals in connection therewith, shall be limited to 
        not more than 50 hours, except that with respect to any 
        concurrent resolution referred to in section 304 all 
        [such debate] such consideration shall be limited to 
        not more than 15 hours. Up to 15 minutes of the time 
        elapsed during each vote by the Senate in relation to 
        an amendment to or motion on a concurrent resolution on 
        the budget shall be counted in determining the period 
        of consideration of the resolution by the Senate. The 
        time shall be equally divided between, and controlled 
        by, the majority leader and the minority leader or 
        their designees.
          (2) Debate in the Senate on any amendment to a 
        concurrent resolution on the budget shall be limited to 
        [2 hours] 1 hour, to be equally divided between, and 
        controlled by, the mover and the manager of the 
        concurrent resolution, and debate on any amendment to 
        an amendment, debatable motion, or appeal shall be 
        limited to 1 hour, to be equally divided between, and 
        controlled by, the mover and the manager of the 
        concurrent resolution, except that in the event the 
        manager of the concurrent resolution is in favor of any 
        such amendment, motion, or appeal, the time in 
        opposition thereto shall be controlled by the minority 
        leader or his designee. No amendment that is not 
        germane to the provisions of such concurrent resolution 
        shall be received. Such leaders, or either of them, 
        may, from the time under their control on the passage 
        of the concurrent resolution, allot additional time to 
        any Senator during the consideration of any amendment, 
        debatable motion, or appeal.
          (3)(A) Following the presentation of opening 
        statements on the concurrent resolution on the budget 
        for a [fiscal year] biennium by the chairman and 
        ranking minority member of the [Committee on the 
        Budget] Committee on Fiscal Control and the Budget of 
        the Senate, there shall be a period of up to [four 
        hours] 2 hours for debate on economic goals and 
        policies.
          (B)(i) Following the expiration of the period 
        described in subparagraph (A), consideration with 
        respect to amendments to the resolution shall be in 
        order. General debate in the Senate on a concurrent 
        resolution on the budget shall be limited to 20 hours, 
        which shall include the 2-hour period described in 
        subparagraph (A), with all remaining time for 
        consideration reserved for amendments.
          (ii) Amendments shall be nondivisible.
          (iii)(I) The opportunity to offer and have 
        immediately considered an amendment to a concurrent 
        resolution on the budget shall alternate between the 
        members of the majority and the members of the 
        minority.
          (II) If the members of the majority or the members of 
        the minority elect not to offer an amendment when 
        presented an opportunity under this clause (including 
        under subclause (III) of this clause), the members of 
        the minority or the members of the majority, 
        respectively, shall have the opportunity to offer and 
        have immediately considered an amendment to a 
        concurrent resolution on the budget.
          (III) After an amendment offered under subclause (II) 
        by the members of the majority or the members of the 
        minority is disposed of, the members of the minority or 
        the members of the majority, respectively, shall have 
        the opportunity to offer and have immediately 
        considered an amendment to a concurrent resolution on 
        the budget.
          (4) Subject to the other limitations of this Act, 
        only if a concurrent resolution on the budget reported 
        by the [Committee on the Budget] Committee on Fiscal 
        Control and the Budget of the Senate sets forth the 
        economic goals (as described in sections 3(a)(2) and 
        4(b) of the Employment Act of 1946) which the 
        estimates, amounts, and levels (as described in section 
        301(a)) set forth in such resolution are designed to 
        achieve, shall it be in order to offer to such 
        resolution an amendment relating to such goals, and 
        such amendment shall be in order only if it also 
        proposes to alter such estimates, amounts, and levels 
        in germane fashion in order to be consistent with the 
        goals proposed in such amendment.
          (5) A motion to further limit debate is not 
        debatable. A motion to recommit (except a motion to 
        recommit with instructions to report back within a 
        specified number of days, not to exceed 3, not counting 
        any day on which the Senate is not in session) is not 
        in order. Debate on any such motion to recommit shall 
        be limited to 1 hour, to be equally divided between, 
        and controlled by, the mover and the manager of the 
        concurrent resolution. A motion to table such a motion 
        to recommit shall be in order at any time.
          (6) After the conclusion of the period for 
        consideration of a concurrent resolution on the budget, 
        the Senate shall proceed, without any further debate on 
        any question, to vote on the final disposition thereof 
        to the exclusion of all amendments not then actually 
        pending before the Senate at that time and to the 
        exclusion of all motions, except a motion to table or 
        to reconsider and 1 quorum call on demand to establish 
        the presence of a quorum (and motions required to 
        establish a quorum) immediately before the vote on 
        adoption of the concurrent resolution on the budget 
        begins.
          ([6]7) Notwithstanding any other rule, an amendment 
        or series of amendments to a concurrent resolution on 
        the budget proposed in the Senate shall always be in 
        order if such amendment or series of amendments 
        proposes to change any figure or figures then contained 
        in such concurrent resolution so as to make such 
        concurrent resolution mathematically consistent or so 
        as to maintain such consistency.

           *       *       *       *       *       *       *

    (e) Procedures in the Senate for Bipartisan Budget 
Resolutions.--
          (1) Other expedited process.--
                  (A) In general.--Subject to subparagraph (B), 
                in the Senate, upon the agreement of the 
                majority leader and the minority leader, 
                additional procedures to expedite consideration 
                of a bipartisan budget resolution shall apply 
                to consideration of the bipartisan budget 
                resolution. The majority leader shall submit a 
                written statement for the Congressional Record 
                reflecting any agreement described in this 
                paragraph.
                  (B) Inclusion and exclusion.--An agreement 
                described in this paragraph--
                          (i) may include limiting the number 
                        of amendments upon which the Senate 
                        shall vote; and
                          (ii) may not include the waiver of 
                        any points of order.
          (2) Adoption.--
                  (A) In general.--In the Senate, a bipartisan 
                budget resolution shall only be agreed to--
                          (i) if it complies with section 
                        3(13)(A); and
                          (ii) upon the affirmative vote of not 
                        less than--
                                  (I) three-fifths of the 
                                Members, duly chosen and sworn; 
                                and
                                  (II) 15 Members that are 
                                members of the minority party 
                                in the Senate.
                  (B) Not agreed to.--If a bipartisan budget 
                resolution is not agreed to in accordance with 
                subparagraph (A), the Senate shall be deemed to 
                have agreed to a motion to recommit the 
                bipartisan budget resolution to the Committee 
                on Fiscal Control and the Budget.
          (3) Conference reports and amendments between the 
        houses.--
                  (A) In general.--In the Senate, a conference 
                report or an amendment between the Houses on a 
                bipartisan budget resolution shall only be 
                agreed to--
                          (i) if it complies with section 
                        3(13)(A); and
                          (ii) upon the affirmative vote of not 
                        less than--
                                  (I) three-fifths of the 
                                Members, duly chosen and sworn; 
                                and
                                  (II) 15 Members that are 
                                members of the minority party 
                                in the Senate.
                  (B) Not agreed to.--If a conference report or 
                an amendment between the Houses on a bipartisan 
                budget resolution is not agreed to in 
                accordance with subparagraph (A), a motion to 
                reconsider the conference report or amendment 
                between the Houses is in order in accordance 
                with rule XIII of the Standing Rules of the 
                Senate.

   LEGISLATION DEALING WITH CONGRESSIONAL BUDGET MUST BE HANDLED BY 
    [BUDGET COMMITTEES] THE COMMITTEE ON THE BUDGET OF THE HOUSE OF 
 REPRESENTATIVES AND THE COMMITTEE ON FISCAL CONTROL AND THE BUDGET OF 
                               THE SENATE

    Sec. 306. [(a) In the Senate.--In the Senate, no bill, 
resolution, amendment, motion, or conference report, dealing 
with any matter which is within the jurisdiction of the 
Committee on the Budget shall be considered unless it is a bill 
or resolution which has been reported by the Committee on the 
Budget (or from the consideration of which such committee has 
been discharged) or unless it is an amendment to such a bill or 
resolution.]
    (a) In the Senate.--
          (1) Point of order.--In the Senate, it shall not be 
        in order to consider a provision in a bill, joint 
        resolution, motion, amendment, amendment between the 
        Houses, or conference report containing any matter 
        which is within the jurisdiction of the Committee on 
        Fiscal Control and the Budget of the Senate unless the 
        provision is in--
                  (A) a bill or joint resolution which has been 
                reported by the Committee on Fiscal Control and 
                the Budget of the Senate (or from the 
                consideration of which such committee has been 
                discharged); or
                  (B) an amendment to, amendment between the 
                Houses in relation to, conference report on, or 
                motion on a bill or joint resolution described 
                in subparagraph (A).
          (2) Point of order sustained.--If a point of order is 
        made by a Senator against a provision described in 
        paragraph (1), and the point of order is sustained by 
        the Chair, that provision shall be stricken from the 
        measure and may not be offered as an amendment from the 
        floor.
          (3) Form of the point of order.--A point of order 
        under paragraph (1) may be raised by a Senator as 
        provided in section 313(e).
          (4) Conference reports.--When the Senate is 
        considering a conference report on, or an amendment 
        between the Houses in relation to, a bill or joint 
        resolution, upon a point of order being made by any 
        Senator pursuant to paragraph (1), and such point of 
        order being sustained, such material contained in such 
        conference report or House amendment shall be stricken, 
        and the Senate shall proceed to consider the question 
        of whether the Senate shall recede from its amendment 
        and concur with a further amendment, or concur in the 
        House amendment with a further amendment, as the case 
        may be, which further amendment shall consist of only 
        that portion of the conference report or House 
        amendment, as the case may be, not so stricken. In the 
        Senate, debate on any such motion, and any debatable 
        motions and appeals in connection therewith, shall be 
        limited to 1 hour. In any case in which such point of 
        order is sustained against a conference report (or 
        Senate amendment derived from such conference report by 
        operation of this paragraph), no further amendment 
        shall be in order.

           *       *       *       *       *       *       *


 [HOUSE COMMITTEE ACTION ON ALL APPROPRIATION BILLS TO BE COMPLETED BY 
JUNE 10] DEADLINE FOR HOUSE COMMITTEE ACTION ON ALL APPROPRIATION BILLS

    Sec. 307. On or before June 10 of each year (or, if 
applicable under section 300(b), June 30 of a year), the 
Committee on Appropriations of the House of Representatives 
shall report annual appropriation bills providing new budget 
authority under the jurisdiction of all of its subcommittees 
for the fiscal year which begins on October 1 of that year.

  REPORTS, SUMMARIES, AND PROJECTIONS OF CONGRESSIONAL BUDGET ACTIONS

    Sec. 308. (a) Legislation Providing New Budget Authority or 
Providing an Increase or Decrease in Revenues or Tax 
Expenditures.-- * * *
          (3) CBO paygo estimates.--
                  (A) The Chairs of [the Committees on the 
                Budget of the House and Senate] the Committee 
                on the Budget of the House of Representatives 
                and the Committee on Fiscal Control and the 
                Budget of the Senate, as applicable, shall 
                request from the Director of the Congressional 
                Budget Office an estimate of the budgetary 
                effects of PAYGO legislation.
                  (B) Estimates shall be prepared using 
                baseline estimates supplied by the 
                Congressional Budget Office, consistent with 
                section 257 of the Balanced Budget and 
                Emergency Deficit Control Act of 1985.
                  (C) The Director shall not count timing 
                shifts, as that term is defined at section 3(8) 
                of the Statutory Pay-As-You-Go Act of 2010, in 
                estimates of the budgetary effects of PAYGO 
                Legislation.
    [(b) Up-to-Date Tabulations of Congressional Budget 
Action.--
          (1) The Director of the Congressional Budget Office 
        shall issue to the committees of the House of 
        Representatives and the Senate reports on at least a 
        monthly basis detailing and tabulating the progress of 
        congressional action on bills and joint resolutions 
        providing new budget authority or providing an increase 
        or decrease in revenues or tax expenditures for each 
        fiscal year covered by a concurrent resolution on the 
        budget. Such reports shall include but are not limited 
        to an up-to-date tabulation comparing the appropriate 
        aggregate and functional levels (including outlays) 
        included in the most recently adopted concurrent 
        resolution on the budget with the levels provided in 
        bills and joint resolutions reported by committees or 
        adopted by either House or by the Congress, and with 
        the levels provided by law for the fiscal year 
        preceding the first fiscal year covered by the 
        appropriate concurrent resolution.
          (2) The Committee on the Budget of each House shall 
        make available to Members of its House summary budget 
        scorekeeping reports. Such reports--
                  (A) shall be made available on at least a 
                monthly basis, but in any case frequently 
                enough to provide Members of each House an 
                accurate representation of the current status 
                of congressional consideration of the budget;
                  (B) shall include, but are not limited to 
                summaries of tabulations provided under 
                subsection (b)(1); and
                  (C) shall be based on information provided 
                under subsection (b)(1) without substantive 
                revision.
The chairman of the Committee on the Budget of the House of 
Representatives shall submit such reports to the Speaker.]
    (b) Up-to-Date Tabulations of Congressional Budget 
Action.--
          (1) CBO reports.--
                  (A) In general.--At the request of the 
                Chairman of the Committee on the Budget of the 
                House of Representatives or the Chairman of the 
                Committee on Fiscal Control and the Budget of 
                the Senate, the Director of the Congressional 
                Budget Office shall provide to each such 
                committee reports detailing and tabulating 
                congressional action on bills and joint 
                resolutions providing an increase or decrease 
                in budget authority, outlays, or revenues for 
                fiscal years covered by a concurrent resolution 
                on the budget.
                  (B) Contents.--Each report provided under 
                subparagraph (A) shall include, but is not 
                limited to--
                          (i) an up-to-date tabulation 
                        comparing the appropriate aggregate 
                        levels included in the most recently 
                        adopted concurrent resolution on the 
                        budget with the levels resulting from 
                        current law, as modified by 
                        subsequently enacted legislation; and
                          (ii) an up-to-date calculation, for 
                        each committee of the House of 
                        Representatives and the Senate (other 
                        than the Committees on Appropriations), 
                        of the amount by which the committee is 
                        expected to exceed or not exceed, as 
                        the case may be, the allocation level 
                        described in section 302(a), as 
                        provided for the committee by the most 
                        recently adopted concurrent resolution 
                        on the budget.
          (2) Scorekeeping reports.--
                  (A) In general.--The Committee on the Budget 
                of the House of Representatives and the 
                Committee on Fiscal Control and the Budget of 
                the Senate shall each make available to Members 
                of its House summary budget scorekeeping 
                reports.
                  (B) Contents.--Each report made available 
                under subparagraph (A) shall--
                          (i) be made available not less 
                        frequently than bimonthly to provide 
                        Members of each House an accurate 
                        representation of the current status of 
                        congressional consideration of the 
                        budget;
                          (ii) include, but is not limited to, 
                        summaries of tabulations and 
                        calculations provided under paragraph 
                        (1);
                          (iii) be based on information 
                        provided under paragraph (1) without 
                        substantive revision; and
                          (iv) be published in the 
                        Congressional Record and on a publicly 
                        accessible website by the Chairman of 
                        the Committee on the Budget of the 
                        House of Representatives or the 
                        Chairman of the Committee on Fiscal 
                        Control and the Budget of the Senate, 
                        as applicable, as soon as practicable.
                  (C) Submission to the Speaker.--The Chairman 
                of the Committee on the Budget of the House of 
                Representatives shall submit each report made 
                available under subparagraph (A) to the 
                Speaker.

           *       *       *       *       *       *       *


                             RECONCILIATION

    Sec. 310. (a) Inclusion of Reconciliation Directives in 
Concurrent Resolutions on the Budget.--A concurrent resolution 
on the budget for [any fiscal year] any biennium, to the extent 
necessary to effectuate the provisions and requirements of such 
resolution, shall--
          (1) specify the total amount by which--
                  (A) new budget authority for [such fiscal 
                year] any fiscal year covered by such 
                resolution;
                  (B) budget authority initially provided for 
                prior fiscal years;
                  (C) new entitlement authority which is to 
                become effective during [such fiscal year] any 
                fiscal year covered by such resolution; and
                  (D) credit authority for [such fiscal year] 
                any fiscal year covered by such resolution,
contained in laws, bills, and resolutions within the 
jurisdiction of a committee is to be changed and direct that 
committee to determine and recommend changes to accomplish a 
change of such total amount;

           *       *       *       *       *       *       *

    (b) Legislative Procedure.--If a concurrent resolution 
containing directives to one or more committees to determine 
and recommend changes in laws, bills, or resolutions is agreed 
to in accordance with subsection (a), and--
          (1) * * *
          (2) more than one committee of the House or the 
        Senate is directed to determine and recommend changes, 
        each such committee so directed shall promptly make 
        such determination and recommendations and submit such 
        recommendations to [the Committee on the Budget of its 
        House] the Committee on the Budget of the House of 
        Representatives or the Committee on Fiscal Control and 
        the Budget of the Senate, respectively, which upon 
        receiving all such recommendations, shall report to its 
        House reconciliation legislation carrying out all such 
        recommendations without any substantive revision.

           *       *       *       *       *       *       *

    (c) Compliance With Reconciliation Directions.--
          (1) * * *
          (2)(A) Upon the reporting to the [Committee on the 
        Budget] Committee on Fiscal Control and the Budget of 
        the Senate of a recommendation that shall be deemed to 
        have complied with such directions solely by virtue of 
        this subsection, the chairman of that committee may 
        file with the Senate appropriately revised allocations 
        under section 302(a) and revised functional levels and 
        aggregates to carry out this subsection.
          (B) Upon the submission to the Senate of a conference 
        report recommending a reconciliation bill or resolution 
        in which a committee shall be deemed to have complied 
        with such directions solely by virtue of this 
        subsection, the chairman of the [Committee on the 
        Budget] Committee on Fiscal Control and the Budget of 
        the Senate may file with the Senate appropriately 
        revised allocations under section 302(a) and revised 
        functional levels and aggregates to carry out this 
        subsection.

           *       *       *       *       *       *       *

    (d) Limitation on Amendments to Reconciliation Bills and 
Resolutions.--
          (1) * * *
          (4) For purposes of this section, the levels of 
        budget outlays and Federal revenues for a fiscal year 
        shall be determined on the basis of estimates made by 
        the Committee on the Budget of the House of 
        Representatives [or of the Senate] or the Committee on 
        Fiscal Control and the Budget of the Senate, as the 
        case may be.
          (5) The Committee on Rules of the House of 
        Representatives may make in order amendments to achieve 
        changes specified by reconciliation directives 
        contained in a concurrent resolution on the budget if a 
        committee or committees of the House fail to submit 
        recommended changes to [its Committee on the Budget] 
        the Committee on the Budget of the House of 
        Representatives pursuant to its instruction.
    (e) Procedure in the Senate.-- * * *
          (2)(A) Debate in the Senate on any reconciliation 
        bill reported under subsection (b), and all amendments 
        thereto and debatable motions and appeals in connection 
        therewith, shall be limited to not more than 20 hours.
          (B) In the Senate, a reconciliation bill reported 
        under subsection (b) pursuant to reconciliation 
        instructions in a bipartisan budget resolution, a House 
        amendment thereto, and a conference report thereon 
        shall be agreed to only upon the affirmative vote of 
        not less than--
                  (i) a majority of the Members voting, a 
                quorum being present; and
                  (ii) 15 Members that are members of the 
                minority party in the Senate.
    (f) Completion of Reconciliation Process.--It shall not be 
in order in the House of Representatives to consider any 
resolution providing for an adjournment period of more than 
three calendar days during the month of July of an odd-numbered 
year until the House of Representatives has completed action on 
the reconciliation legislation for the fiscal year beginning on 
October 1 of the calendar year to which the adjournment 
resolution pertains, if reconciliation legislation is required 
to be reported by the concurrent resolution on the budget [for 
such fiscal year] for the biennium that begins with such fiscal 
year.

           *       *       *       *       *       *       *


      BUDGET-RELATED LEGISLATION MUST BE WITHIN APPROPRIATE LEVELS

    Sec. 311. (a) Enforcement of Budget Aggregates.--
          (1) In the house of representatives.--Except as 
        provided by subsection (c), after the Congress has 
        completed action on a concurrent resolution on the 
        budget [for a fiscal year] for a biennium, it shall not 
        be in order in the House of Representatives to consider 
        any bill, joint resolution, amendment, motion, or 
        conference report providing new budget authority or 
        reducing revenues, if--
                  (A) the enactment of that bill or resolution 
                as reported;
                  (B) the adoption and enactment of that 
                amendment; or
                  (C) the enactment of that bill or resolution 
                in the form recommended in that conference 
                report;
        would cause the level of total new budget authority or 
        total outlays set forth in the applicable concurrent 
        resolution on the budget for [the first fiscal year] 
        either fiscal year of the biennium to be exceeded, or 
        would cause revenues to be less than the level of total 
        revenues set forth in that concurrent resolution for 
        [the first fiscal year] either fiscal year of the 
        biennium or for the total of [that first fiscal year] 
        each fiscal year in the biennium and the ensuing fiscal 
        years for which allocations are provided under section 
        302(a), except when a declaration of war by the 
        Congress is in effect.
          (2) In the senate.--After a concurrent resolution on 
        the budget is agreed to, it shall not be in order in 
        the Senate to consider any bill, joint resolution, 
        amendment, motion, or conference report that--
                  (A) would cause the level of total new budget 
                authority or total outlays set forth [for the 
                first fiscal year] for either fiscal year of 
                the biennium in the applicable resolution to be 
                exceeded; or
                  (B) would cause revenues to be less than the 
                level of total revenues set forth for [that 
                first fiscal year] either fiscal year in the 
                biennium or for the total of [that first fiscal 
                year and the ensuing fiscal years] all fiscal 
                years in the applicable resolution for which 
                allocations are provided under section 302(a).
          (3) Enforcement of social security levels in the 
        senate.--After a concurrent resolution on the budget is 
        agreed to, it shall not be in order in the Senate to 
        consider any bill, joint resolution, amendment, motion, 
        or conference report that would cause a decrease in 
        social security surpluses or an increase in social 
        security deficits relative to the levels set forth in 
        the applicable resolution [for the first fiscal year] 
        each fiscal year in the biennium or for the total of 
        [that fiscal year and the ensuing fiscal years] all 
        fiscal years for which allocations are provided under 
        section 302(a).

           *       *       *       *       *       *       *


                   DETERMINATIONS AND POINTS OF ORDER

    Sec. 312. (a) [Budget] Committee Determinations.--For 
purposes of this title and title IV, the levels of new budget 
authority, outlays, direct spending, new entitlement authority, 
and revenues for a fiscal year shall be determined on the basis 
of estimates made by the Committee on the Budget of the House 
of Representatives [or the Senate] or the Committee on Fiscal 
Control and the Budget of the Senate, as applicable.

           *       *       *       *       *       *       *

    (c) Maximum Deficit Amount Point of Order in the Senate.--
It shall not be in order in the Senate to consider any 
concurrent resolution on the budget [for a fiscal year] for a 
biennium, or to consider any amendment to that concurrent 
resolution, or to consider a conference report on that 
concurrent resolution, if--
          (1) the level of total outlays for [the first fiscal 
        year] either fiscal year in the biennium set forth in 
        that concurrent resolution or conference report 
        exceeds; or
          (2) the adoption of that amendment would result in a 
        level of total outlays for [that fiscal year] either 
        fiscal year in the biennium that exceeds;
the recommended level of Federal revenues for that fiscal year, 
by an amount that is greater than the maximum deficit amount, 
if any, specified in the Balanced Budget and Emergency Deficit 
Control Act of 1985 for [that fiscal year] the applicable 
fiscal year.

           *       *       *       *       *       *       *


            EXTRANEOUS MATTER IN RECONCILIATION LEGISLATION

    Sec. 313. (a) In General.--When the Senate is considering a 
reconciliation bill or a reconciliation resolution pursuant to 
section 310 (whether that bill or resolution originated in the 
Senate or the House) or section 258C of the Balanced Budget and 
Emergency Deficit Control Act of 1985, upon a point of order 
being made by any Senator against material extraneous to the 
instructions to a committee which is contained in any title or 
provision of the bill or resolution or offered as an amendment 
to the bill or resolution, and the point of order is sustained 
by the Chair, any part of said title or provision that contains 
material extraneous to the instructions to said Committee as 
defined in subsection (b) shall be deemed stricken from the 
bill and may not be offered as an amendment from the floor.
    (b) Extraneous Provisions.--(1)(A) Except as provided in 
paragraph (2), a provision of a reconciliation bill or 
reconciliation resolution considered pursuant to section 310 
shall be considered extraneous if such provision does not 
produce a change in outlays or revenue, including changes in 
outlays and revenues brought about by changes in the terms and 
conditions under which outlays are made or revenues are 
required to be collected (but a provision in which outlay 
decreases or revenue increases exactly offset outlay increases 
or revenue decreases shall not be considered extraneous by 
virtue of this subparagraph); (B) any provision producing an 
increase in outlays or decrease in revenues shall be considered 
extraneous if the net effect of provisions reported by the 
Committee reporting the title containing the provision is that 
the Committee fails to achieve its reconciliation instructions; 
(C) a provision that is not in the jurisdiction of the 
Committee with jurisdiction over said title or provision shall 
be considered extraneous; (D) a provision shall be considered 
extraneous if it produces changes in outlays or revenues which 
are merely incidental to the non-budgetary components of the 
provision; (E) a provision shall be considered to be extraneous 
if it increases, or would increase, net outlays, or if it 
decreases, or would decrease, revenues during a fiscal year 
after the fiscal years covered by such reconciliation bill or 
reconciliation resolution, and such increases or decreases are 
greater than outlay reductions or revenue increases resulting 
from other provisions in such title in such year; and (F) a 
provision shall be considered extraneous if it violates section 
310(g).
    (2) A Senate-originated provision shall not be considered 
extraneous under paragraph (1)(A) if the Chairman and Ranking 
Minority Member of the [Committee on the Budget] Committee on 
Fiscal Control and the Budget and the Chairman and Ranking 
Minority Member of the Committee which reported the provision 
certify that: (A) the provision mitigates direct effects 
clearly attributable to a provision changing outlays or revenue 
and both provisions together produce a net reduction in the 
deficit; (B) the provision will result in a substantial 
reduction in outlays or a substantial increase in revenues 
during fiscal years after the fiscal years covered by the 
reconciliation bill or reconciliation resolution; (C) a 
reduction of outlays or an increase in revenues is likely to 
occur as a result of the provision, in the event of new 
regulations authorized by the provision or likely to be 
proposed, court rulings on pending litigation, or relationships 
between economic indices and stipulated statutory triggers 
pertaining to the provision, other than the regulations, court 
rulings or relationships currently projected by the 
Congressional Budget Office for scorekeeping purposes; or (D) 
such provision will be likely to produce a significant 
reduction in outlays or increase in revenues but, due to 
insufficient data, such reduction or increase cannot be 
reliably estimated.
    (3) A provision reported by a committee shall not be 
considered extraneous under paragraph (1)(C) if (A) the 
provision is an integral part of a provision or title, which if 
introduced as a bill or resolution would be referred to such 
committee, and the provision sets forth the procedure to carry 
out or implement the substantive provisions that were reported 
and which fall within the jurisdiction of such committee; or 
(B) the provision states an exception to, or a special 
application of, the general provision or title of which it is a 
part and such general provision or title if introduced as a 
bill or resolution would be referred to such committee.
    (c) Extraneous Materials.--Upon the reporting or discharge 
of a reconciliation bill or resolution pursuant to section 310 
in the Senate, and again upon the submission of a conference 
report on such a reconciliation bill or resolution, the 
[Committee on the Budget] Committee on Fiscal Control and the 
Budget of the Senate shall submit for the record a list of 
material considered to be extraneous under subsections 
(b)(1)(A), (b)(1)(B), and (b)(1)(E) of this section to the 
instructions of a committee as provided in this section. The 
inclusion or exclusion of a provision shall not constitute a 
determination of extraneousness by the Presiding Officer of the 
Senate.
    (d) Conference Reports.--When the Senate is considering a 
conference report on, or an amendment between the Houses in 
relation to, a reconciliation bill or reconciliation resolution 
pursuant to section 310, upon--
          (1) a point of order being made by any Senator 
        against extraneous material meeting the definition of 
        subsections (b)(1)(A), (b)(1)(B), (b)(1)(D), (b)(1)(E), 
        or (b)(1)(F), and
          (2) such point of order being sustained,
such material contained in such conference report or amendment 
shall be deemed stricken, and the Senate shall proceed, without 
intervening action or motion, to consider the question of 
whether the Senate shall recede from its amendment and concur 
with a further amendment, or concur in the House amendment with 
a further amendment, as the case may be, which further 
amendment shall consist of only that portion of the conference 
report or House amendment, as the case may be, not so stricken. 
Any such motion in the Senate shall be debatable for two hours. 
In any case in which such point of order is sustained against a 
conference report (or Senate amendment derived from such 
conference report by operation of this subsection), no further 
amendment shall be in order.
    (e) General Point of Order.--Notwithstanding any other law 
or rule of the Senate, it shall be in order for a Senator to 
raise a single point of order that several provisions of a 
bill, resolution, amendment, motion, or conference report 
violate this section. The Presiding Officer may sustain the 
point of order as to some or all of the provisions against 
which the Senator raised the point of order. If the Presiding 
Officer so sustains the point of order as to some of the 
provisions (including provisions of an amendment, motion, or 
conference report) against which the Senator raised the point 
of order, then only those provisions (including provisions of 
an amendment, motion, or conference report) against which the 
Presiding Officer sustains the point of order shall be deemed 
stricken pursuant to this section. Before the Presiding Officer 
rules on such a point of order, any Senator may move to waive 
such a point of order as it applies to some or all of the 
provisions against which the point of order was raised. Such a 
motion to waive is amendable in accordance with the rules and 
precedents of the Senate. After the Presiding Officer rules on 
such a point of order, any Senator may appeal the ruling of the 
Presiding Officer on such a point of order as it applies to 
some or all of the provisions on which the Presiding Officer 
ruled.

                              ADJUSTMENTS

    Sec. 314. (a) Adjustments.--After the reporting of a bill 
or joint resolution or the offering of an amendment thereto or 
the submission of a conference report thereon, the chairman of 
the Committee on the Budget of the House of Representatives [or 
the Senate] or the Committee on Fiscal Control and the Budget 
of the Senate may make appropriate budgetary adjustments of new 
budget authority and the outlays flowing therefrom in the same 
amount as required by section 251(b) of the Balanced Budget and 
Emergency Deficit Control Act of 1985.
    (b) * * *
    (g)(1)(A) Adjustments.--If the Committee on Appropriations 
of either House reports an appropriation measure for any of 
fiscal years 2022 through 2027 that provides budget authority 
for grants under section 306 of the Social Security Act, or if 
a conference committee submits a conference report thereon, the 
chairman of the Committee on the Budget of the House of 
Representatives [or the Senate] or the Committee on Fiscal 
Control and the Budget of the Senate shall make the adjustments 
referred to in subparagraph (B) to reflect the additional new 
budget authority provided for such grants in that measure or 
conference report and the outlays resulting therefrom, 
consistent with subparagraph (D).

           *       *       *       *       *       *       *


SEC. 316. AUTOMATIC ADJUSTMENT OF DEBT LIMIT AND STATUTORY CAPS.

    (a) Definition.--In this section, the term ``covered 
concurrent resolution on the budget''--
          (1) means a concurrent resolution on the budget for a 
        biennium adopted under section 301 that contains text 
        in the form specified under subsection (b) of this 
        section applicable to the type of concurrent resolution 
        on the budget; and
          (2) does not include a concurrent resolution on the 
        budget described in section 304.
    (b) Form.--
          (1) In general.--For a concurrent resolution on the 
        budget that is not a bipartisan budget resolution, the 
        form specified in this subsection is that, other than 
        any short title, the first section of the concurrent 
        resolution on the budget shall consist of only the 
        following: ``For purposes of section 316(c) of the 
        Congressional Budget Act of 1974, Congress specifies 
        that section 3101(b) of title 31, United States Code, 
        shall be amended by striking the dollar amount and 
        inserting `$____'.'', the blank space being filled with 
        the appropriate level for the debt subject to limit 
        under section 3101 of title 31, United States Code.
          (2) Bipartisan budget resolution.--
                  (A) In general--For a concurrent resolution 
                on the budget that is a bipartisan budget 
                resolution, the form specified in this 
                subsection is that, other than any short title, 
                the first section of the concurrent resolution 
                on the budget shall consist of only the 
                following: ``For purposes of section 316(c) of 
                the Congressional Budget Act of 1974, Congress 
                specifies the following:
          (1) Section 3101(b) of title 31, United States Code, 
        shall be amended by striking the dollar amount and 
        inserting `$____'.
          (2) Section 251(c) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985 (2 U.S.C. 901(c)) 
        shall be amended by inserting after paragraph (__) the 
        following:
                  `(__) for fiscal year __, for the 
                discretionary category, $___ in new budget 
                authority; and
                  `(__) for fiscal year __, for the 
                discretionary category, $___ in new budget 
                authority;'.''
                  (B) Blank spaces.--The blank spaces in 
                paragraphs (1) and (2) of such section, as 
                described in subparagraph (A) of this 
                paragraph, shall be filled in as follows:
                          (i) The first blank being filled in 
                        with the appropriate level for the debt 
                        subject to limit under section 3101 of 
                        title 31, United States Code.
                          (ii) The second blank being filled in 
                        with the number of the paragraph 
                        establishing the discretionary spending 
                        limit for the last fiscal year for 
                        which the discretionary spending limits 
                        are in effect under section 251(c) of 
                        the Balanced Budget and Emergency 
                        Deficit Control Act of 1985 (2 U.S.C. 
                        901(c)).
                          (iii) The third and sixth blanks 
                        being filled in with the paragraph 
                        numbers following the paragraph number 
                        specified in the second blank.
                          (iv) The fourth and seventh blanks 
                        being filled in with the fiscal years 
                        for which the level of the 
                        discretionary spending limits are being 
                        specified under the concurrent 
                        resolution on the budget.
                          (v) The fifth and eighth blanks being 
                        filled in with the amount of the 
                        discretionary spending limit for the 
                        discretionary category for the fiscal 
                        years described in the fourth and 
                        seventh blanks, respectively, being 
                        specified under the concurrent 
                        resolution on the budget.
    (c) Automatic Enrollment of Joint Resolution.--
          (1) In general.--Upon adoption by Congress of a 
        covered concurrent resolution on the budget, the 
        Secretary of the Senate shall prepare an engrossment of 
        a joint resolution consistent with the text included in 
        the covered concurrent resolution on the budget in the 
        form specified under subsection (b).
          (2) Senate.--Upon engrossment of a joint resolution 
        under paragraph (1), the vote by which the covered 
        concurrent resolution on the budget was finally agreed 
        to in the Senate shall also be considered as a vote on 
        passage of the joint resolution in the Senate, and the 
        joint resolution shall be considered as passed by the 
        Senate and duly certified and examined. The engrossed 
        copy shall be signed by the Secretary of the Senate and 
        transmitted to the House of Representatives.
          (3) House of representatives.--Upon receipt of the 
        engrossed copy of a joint resolution under paragraph 
        (2), the vote by which the covered concurrent 
        resolution on the budget was finally agreed to in the 
        House of Representatives shall also be considered as a 
        vote on passage of the joint resolution in the House of 
        Representatives, and the joint resolution shall be 
        considered as passed by the House of Representatives 
        and duly certified and examined. The Clerk of the House 
        of Representatives shall transmit the joint resolution 
        to be enrolled.
          (4) Enrolling.--Upon receipt of a joint resolution 
        under paragraph (3), the Enrolling Clerk of the Senate 
        shall enroll the joint resolution.
          (5) Vetoes.--If the President vetoes a joint 
        resolution enrolled under paragraph (4), in the Senate 
        there shall be not more than 1 hour of debate on the 
        veto message, equally divided between the majority and 
        minority leaders or their designees.

SEC. 317. SPECIAL RECONCILIATION INSTRUCTIONS

    (a) In General.--Only if the Director of the Congressional 
Budget Office submits a report under section 202(h) indicating 
that the target for the ratio of the debt held by the public to 
the gross domestic product of the United States by the end of 
the last fiscal year covered by the most recently agreed to 
concurrent resolution on the budget will not be achieved, not 
later than April 15 of the first fiscal year of such biennium, 
the Committee on Fiscal Control and the Budget of the Senate 
shall report to the Senate a simple resolution--
          (1) specifying a total level of deficit reduction to 
        be achieved and the period during which such reduction 
        is to be achieved; and
          (2) containing directives to 1 or more committees of 
        the Senate specifying the total amount by which new 
        budget authority or new entitlement authority contained 
        in laws within the jurisdiction of each such committee 
        is to be changed or revenues are to be changed to 
        achieve the total level of deficit reduction.
    (b) Consideration of Special Reconciliation Resolution.--
          (1) Placement on calendar.--A resolution reported 
        under subsection (a) by the Committee on Fiscal Control 
        and the Budget of the Senate shall be placed 
        immediately on the calendar.
          (2) Motion to proceed.--
                  (A) In general.--In the Senate, 
                notwithstanding any rule or precedent of the 
                Senate, including rule XXII of the Standing 
                Rules of the Senate, it is in order (even 
                though a previous motion to the same effect has 
                been disagreed to) to move to proceed to the 
                consideration of a resolution reported under 
                subsection (a) and all points of order against 
                the resolution (and against consideration of 
                the resolution) are waived. The motion is not 
                subject to amendment, or to a motion to 
                postpone, or to a motion to proceed to the 
                consideration of other business. A motion to 
                reconsider the vote by which the motion is 
                agreed to or disagreed to shall not be in 
                order. If a motion to proceed to the 
                consideration of a resolution reported under 
                subsection (a) is agreed to, the resolution 
                shall remain the unfinished business of the 
                Senate until disposed of.
                  (B) Resolution from the committee on fiscal 
                control and the budget.--It shall not be in 
                order to move to proceed to the consideration 
                of a resolution containing the matter described 
                in paragraphs (1) and (2) of subsection (a) 
                that was not reported by the Committee on 
                Fiscal Control and the Budget of the Senate.
          (3) Consideration.--
                  (A) In general.--In the Senate, consideration 
                of a resolution reported under subsection (a), 
                and on all amendments, debatable motions, and 
                appeals in connection therewith, shall be 
                limited to not more than 10 hours.
                  (B) General debate.--After the Senate 
                proceeds to a resolution reported under 
                subsection (a), there shall be period of not 
                more than 2 hours for general debate on the 
                resolution, which shall be divided equally 
                between those favoring and those opposing the 
                resolution.
                  (C) Amendments.--
                          (i) Period.--In the Senate, 
                        consideration of any amendment to a 
                        resolution reported under subsection 
                        (a) shall be limited to 1 hour, which 
                        shall be divided equally between those 
                        favoring and those opposing the 
                        amendment.
                          (ii) Alternating opportunity to 
                        offer.--
                                  (I) In general.--The 
                                opportunity to offer and have 
                                immediately considered an 
                                amendment to a resolution 
                                reported under subsection (a) 
                                shall alternate between the 
                                members of the majority and the 
                                members of the minority.
                                  (II) Elect not to offer.--If 
                                the members of the majority or 
                                the members of the minority 
                                elect not to offer an amendment 
                                when presented an opportunity 
                                under this clause (including 
                                under subclause (III) of this 
                                clause), the members of the 
                                minority or the members of the 
                                majority, respectively, shall 
                                have the opportunity to offer 
                                and have immediately considered 
                                an amendment to the resolution 
                                reported under subsection (a).
                                  (III) Return to alternating 
                                opportunity.--After an 
                                amendment offered under 
                                subclause (II) by the members 
                                of the majority or the members 
                                of the minority is disposed of, 
                                the members of the minority or 
                                the members of the majority, 
                                respectively, shall have the 
                                opportunity to offer and have 
                                immediately considered an 
                                amendment to the resolution 
                                reported under subsection (a).
                          (iii) Requirements for amendments.--
                        The only amendments in order to a 
                        resolution reported under subsection 
                        (a) shall be--
                                  (I) an amendment proposing to 
                                change an amount specified in 
                                the resolution;
                                  (II) an amendment proposed to 
                                add directives described in 
                                subsection (a)(2) for 1 or more 
                                committees; and
                                  (III) an amendment proposing 
                                to strike directives described 
                                in subsection (a)(2) for 1 or 
                                more committees.
                  (D) Further limit on consideration.--A motion 
                further to limit consideration is in order and 
                not debatable. A motion to postpone, a motion 
                to proceed to the consideration of other 
                business, or a motion to recommit the 
                resolution is not in order.
                  (E) Time during votes not counted.--For 
                purposes of determining the end of the period 
                of consideration of a resolution reported under 
                subsection (a), or amendment thereto, any time 
                during a vote of the Senate shall not be 
                counted.
          (4) Vote on passage.--After the conclusion of the 
        period for consideration of a resolution reported under 
        subsection (a), the Senate shall proceed, without any 
        further debate on any question, to vote on the final 
        disposition thereof to the exclusion of all amendments 
        not then actually pending before the Senate at that 
        time and to the exclusion of all motions, except a 
        motion to table or to reconsider and 1 quorum call on 
        demand to establish the presence of a quorum (and 
        motions required to establish a quorum) immediately 
        before the vote on adoption of the resolution begins.
          (5) Rulings of the chair on procedure.--Appeals from 
        the decisions of the Chair relating to the application 
        of this subsection or the rules of the Senate, as the 
        case may be, to the procedure relating to a resolution 
        reported under subsection (a) shall be decided without 
        debate.
    (c) Recommendations of Committees.--If a resolution is 
reported under subsection (a), not later than May 15 of the 
year in which the resolution is reported, each committee for 
which the resolution contains directives shall submit to the 
Committee on Fiscal Control and the Budget of the Senate 
recommended changes in laws within the jurisdiction of the 
committee that comply with subsection (a)(2).
    (d) Special Reconciliation Procedure.--
          (1) In general.--Subject to paragraph (2), after each 
        committee for which a resolution reported under 
        subsection (a) contained directives has reported 
        recommended changes to the Committee on Fiscal Control 
        and the Budget of the Senate, the Committee on Fiscal 
        Control and the Budget shall report to the Senate 
        special reconciliation legislation carrying out all 
        such recommendations without any substantive revision.
          (2) Failure to report compliant recommendations.--If 
        1 or more committees do not report recommendations that 
        comply with subsections (a)(2) and (c), the Committee 
        on Fiscal Control and the Budget of the Senate--
                  (A) shall report to the Senate special 
                reconciliation legislation carrying out all 
                reported recommendations that comply with 
                subsections (a)(2) and (c), without any 
                substantive revision; and
                  (B) may include in the legislation reported 
                under subparagraph (A) changes in laws within 
                the jurisdiction of each noncompliant 
                committee, if the changes in law comply with 
                subsection (a)(2).
    (e) Limits on Special Reconciliation Bills.--
          (1) Extraneous material.--
                  (A) In general.--It shall not be in order to 
                consider any provision in legislation reported 
                under subsection (d) that contains material 
                extraneous (within the meaning given that term 
                under section 313) to the directives to the 
                applicable committee.
                  (B) Point of order sustained.--If a point of 
                order is made by a Senator against a provision 
                described in subparagraph (A), and the point of 
                order is sustained by the Chair, that provision 
                shall be stricken from the measure and may not 
                be offered as an amendment from the floor.
                  (C) Form of the point of order.--A point of 
                order under subparagraph (A) may be raised by a 
                Senator as provided in section 313(e).
                  (D) Conference reports.--When the Senate is 
                considering a conference report on, or an 
                amendment between the Houses in relation to, 
                legislation reported under subsection (d), upon 
                a point of order being made by any Senator 
                pursuant to subparagraph (A), and such point of 
                order being sustained, such material contained 
                in such conference report or House amendment 
                shall be stricken, and the Senate shall proceed 
                to consider the question of whether the Senate 
                shall recede from its amendment and concur with 
                a further amendment, or concur in the House 
                amendment with a further amendment, as the case 
                may be, which further amendment shall consist 
                of only that portion of the conference report 
                or House amendment, as the case may be, not so 
                stricken. Any such motion in the Senate shall 
                be debatable. In any case in which such point 
                of order is sustained against a conference 
                report (or Senate amendment derived from such 
                conference report by operation of this 
                subparagraph), no further amendment shall be in 
                order.
                  (E) Supermajority waiver and appeal.--In the 
                Senate, this paragraph may be waived or 
                suspended only by an affirmative vote of three-
                fifths of the Members, duly chosen and sworn. 
                An affirmative vote of three-fifths of Members 
                of the Senate, duly chosen and sworn shall be 
                required to sustain an appeal of the ruling of 
                the Chair on a point of order raised under this 
                paragraph.
          (2) Deficit reduction required.--
                  (A) Each title reduces the deficit.--
                          (i) In general.--It shall not be in 
                        order to consider any title in 
                        legislation reported under subsection 
                        (d) that would increase the deficit 
                        over--
                                  (I) the period during which 
                                the level of deficit reduction 
                                specified in subsection (a)(1) 
                                is to be achieved; or
                                  (II) the period covered by 
                                the most recently agreed to 
                                concurrent resolution on the 
                                budget.
                          (ii) Point of order sustained.--If a 
                        point of order is made by a Senator 
                        against a title described in clause 
                        (i), and the point of order is 
                        sustained by the Chair, that title 
                        shall be stricken from the measure and 
                        may not be offered as an amendment from 
                        the floor.
                          (iii) Form of the point of order.--A 
                        point of order under clause (i) may be 
                        raised by a Senator as provided in 
                        section 313(e).
                          (iv) Conference reports.--When the 
                        Senate is considering a conference 
                        report on, or an amendment between the 
                        Houses in relation to, a bill or joint 
                        resolution, upon a point of order being 
                        made by any Senator pursuant to clause 
                        (i), and such point of order being 
                        sustained, such material contained in 
                        such conference report or House 
                        amendment shall be stricken, and the 
                        Senate shall proceed to consider the 
                        question of whether the Senate shall 
                        recede from its amendment and concur 
                        with a further amendment, or concur in 
                        the House amendment with a further 
                        amendment, as the case may be, which 
                        further amendment shall consist of only 
                        that portion of the conference report 
                        or House amendment, as the case may be, 
                        not so stricken. Any such motion in the 
                        Senate shall be debatable. In any case 
                        in which such point of order is 
                        sustained against a conference report 
                        (or Senate amendment derived from such 
                        conference report by operation of this 
                        clause), no further amendment shall be 
                        in order.
                          (v) Supermajority waiver and 
                        appeal.--In the Senate, this 
                        subparagraph may be waived or suspended 
                        only by an affirmative vote of three-
                        fifths of the Members, duly chosen and 
                        sworn. An affirmative vote of three-
                        fifths of Members of the Senate, duly 
                        chosen and sworn shall be required to 
                        sustain an appeal of the ruling of the 
                        Chair on a point of order raised under 
                        this subparagraph.
                  (B) No amendments reducing the amount of 
                deficit reduction.--
                          (i) In general.--It shall not be in 
                        order to consider an amendment to 
                        legislation reported under subsection 
                        (d) that would reduce the amount of the 
                        decrease in the deficit, as compared to 
                        the legislation as reported by the 
                        Committee on Fiscal Control and the 
                        Budget of the Senate, over--
                                  (I) the period during which 
                                the level of deficit reduction 
                                specified in subsection (a)(1) 
                                is to be achieved; or
                                  (II) the period covered by 
                                the most recently agreed to 
                                concurrent resolution on the 
                                budget.
                          (ii) Supermajority waiver and 
                        appeal.--In the Senate, this 
                        subparagraph may be waived or suspended 
                        only by an affirmative vote of three-
                        fifths of the Members, duly chosen and 
                        sworn. An affirmative vote of three-
                        fifths of Members of the Senate, duly 
                        chosen and sworn shall be required to 
                        sustain an appeal of the ruling of the 
                        Chair on a point of order raised under 
                        this subparagraph.
    (f) Consideration of Special Reconciliation Bills.--
          (1) Deadline.--Not later than July 30 of an even-
        numbered year, the Senate shall proceed to 
        consideration of legislation reported under subsection 
        (d).
          (2) Procedures.--
                  (A) In general.--Except as provided in 
                subparagraph (B), and subject to subsection 
                (e), if the Committee on Fiscal Control and the 
                Budget of the Senate reports legislation under 
                subsection (d), the provisions of section 305 
                for the consideration in the Senate of 
                concurrent resolutions on the budget and 
                conference reports thereon shall also apply to 
                the consideration in the Senate of such 
                legislation and conference reports thereon.
                  (B) Exceptions.--
                          (i) Debate.--Debate in the Senate on 
                        any legislation reported under 
                        subsection (d), and all amendments 
                        thereto and debatable motions and 
                        appeals in connection therewith, shall 
                        be limited to not more than 20 hours.
                          (ii) Amendments.--Paragraph (6) of 
                        section 305(b) shall not apply to 
                        legislation reported under subsection 
                        (d).
                  (C) Vetoes.--If the President vetoes 
                legislation reported under subsection (d), in 
                the Senate there shall be not more than 1 hour 
                of debate on the veto message, equally divided 
                between the majority and minority leaders or 
                their designees.
          (3) Special rules for revenue measures.--
                  (A) In general.--If the legislation reported 
                under subsection (d) is a revenue measure, the 
                majority leader shall submit for publication in 
                the Congressional Record a written statement 
                identifying a bill of the House of 
                Representatives that is a revenue measure and 
                that shall be used as the vehicle for 
                consideration of the legislation reported under 
                subsection (d).
                  (B) Motion to proceed.--A motion to proceed 
                to the consideration of a bill of the House of 
                Representatives identified in a written 
                statement under subparagraph (A) shall not be 
                debatable.
                  (C) Substitute amendment.--
                          (i) In general.--If a motion to 
                        proceed to a bill of the House of 
                        Representatives identified in a written 
                        statement under subparagraph (A) is 
                        agreed to, the majority leader shall 
                        offer an amendment in the nature of a 
                        substitute to the bill, which shall 
                        consist only of the text of the 
                        legislation reported under subsection 
                        (d).
                          (ii) Treatment of text.--An amendment 
                        in the nature of a substitute offered 
                        under clause (i) shall be--
                                  (I) deemed to be agreed to, 
                                subject to further amendment;
                                  (II) treated as original text 
                                for purposes of germaneness and 
                                further amendment; and
                                  (III) considered in the same 
                                manner as legislation reported 
                                under subsection (d), in 
                                accordance with paragraph (2) 
                                of this subsection.
                  (D) No effect on points of order.--The fact 
                that legislation reported under subsection (d) 
                is considered as an amendment in the nature of 
                a substitute to a bill of the House of 
                Representatives shall not preclude any point of 
                order that would lie against the legislation if 
                the legislation were considered as a bill of 
                the Senate reported by the Committee on Fiscal 
                Control and the Budget under subsection (d).

           *       *       *       *       *       *       *


      TITLE IV--ADDITIONAL PROVISIONS TO IMPROVE FISCAL PROCEDURES


[2 U.S.C. 651 et seq.]

           *       *       *       *       *       *       *


                ANALYSIS BY CONGRESSIONAL BUDGET OFFICE

    Sec. 402. (a) The Director of the Congressional Budget 
Office shall, to the extent practicable, prepare for each bill 
or resolution of a public character reported by any committee 
of the House of Representatives or the Senate ([except the 
Committee on Appropriations of each House] except that, for the 
Committee on Appropriations of each House, the Director shall 
prepare a report only with respect to a supplemental 
appropriation bill (which shall include an estimate of the 
interest effects of the bill)), and submit to such committee--
          (1) an estimate of the costs which would be incurred 
        in carrying out such bill or resolution in the fiscal 
        year in which it is to become effective and in each of 
        the [4] 9 fiscal years following such fiscal year, 
        together with the basis for each such estimate, which 
        shall include, and appear as supplemental information 
        in the estimate, year-by-year estimates of the cost of 
        servicing the debt produced as a result of carrying out 
        such bill or resolution;
          (2) a comparison of the estimates of costs described 
        in paragraph (1), with any available estimates of costs 
        made by such committee or by any Federal agency; and
          (3) a description of each method for establishing a 
        Federal financial commitment contained in such bill or 
        resolution.
    [The estimates](b) The estimates, comparison, and 
description so submitted shall be included in the report 
accompanying such bill or resolution if timely submitted to 
such committee before such report is filed.
    (c) The Director of the Congressional Budget Office shall, 
to the extent practicable, prepare for each bill or resolution 
of a public character reported by the Committee on 
Appropriations of each House and submit to such committee--
          (1) an estimate of the costs that would be incurred 
        in carrying out such bill or resolution in the fiscal 
        year in which the bill or resolution is to become 
        effective;
          (2) an estimate of the costs for any advance 
        appropriations in the bill or resolution for the fiscal 
        year in which the budget authority for those 
        appropriations first becomes effective; and
          (3) a year-by-year estimate for any provision of the 
        bill or resolution that would have been estimated as 
        affecting direct spending or receipts under section 252 
        of the Balanced Budget and Emergency Deficit Control 
        Act of 1985 (2 U.S.C. 902) (as in effect prior to 
        September 30, 2002) if the provision was included in 
        legislation other than an appropriation Act.''.

           *       *       *       *       *       *       *

    Sec. 425. (a) In General.-- * * *
    (e) Determinations of Federal Mandate Levels.--For purposes 
of this section, in the Senate, the levels of Federal mandates 
for a fiscal year shall be determined based on the estimates 
made by the [Committee on the Budget] Committee on Fiscal 
Control and the Budget.

           *       *       *       *       *       *       *


    PART C--ADDITIONAL LIMITATIONS ON BUDGETARY AND APPROPRIATIONS 
                              LEGISLATION

SEC. 441. POINT OF ORDER AGAINST CHANGES IN MANDATORY PROGRAMS 
                    AFFECTING THE CRIME VICTIMS FUND.

    (a) Definitions.--In this section--
          (1) the term ``CHIMP'' means a provision that--
                  (A) would have been estimated as affecting 
                direct spending or receipts under section 252 
                of the Balanced Budget and Emergency Deficit 
                Control Act of 1985 (2 U.S.C. 902) (as in 
                effect prior to September 30, 2002) if the 
                provision was included in legislation other 
                than an appropriation Act; and
                  (B) results in a net decrease in budget 
                authority in the current year or the budget 
                year, but does not result in a net decrease in 
                outlays over the period of the total of the 
                current year, the budget year, and all fiscal 
                years covered under the most recently adopted 
                concurrent resolution on the budget;
          (2) the term ``Crime Victims Fund'' means the Crime 
        Victims Fund established under section 1402 of the 
        Victims of Crime Act of 1984 (34 U.S.C. 20101); and
          (3) the term ``3-year average amount'' means the 
        annual average amount that was deposited into the Crime 
        Victims Fund during the 3-fiscal-year period beginning 
        on October 1 of the fourth fiscal year before the 
        fiscal year to which a CHIMP affecting the Crime 
        Victims Fund applies.
    (b) Point of Order in the Senate.--
          (1) Point of order.--
                  (A) In general.--In the Senate, it shall not 
                be in order to consider a provision in a bill 
                or joint resolution making appropriations for 
                all or a portion of a fiscal year, or an 
                amendment thereto, amendment between the Houses 
                in relation thereto, conference report thereon, 
                or motion thereon, that contains a CHIMP that, 
                if enacted, would cause the amount available 
                for obligation during the fiscal year from the 
                Crime Victims Fund to be less than the 3-year 
                average amount.
                  (B) Point of order sustained.--If a point of 
                order is made by a Senator against a provision 
                described in subparagraph (A), and the point of 
                order is sustained by the Chair, that provision 
                shall be stricken from the measure and may not 
                be offered as an amendment from the floor.
          (2) Form of the point of order.--A point of order 
        under paragraph (1) may be raised by a Senator as 
        provided in section 313(e).
          (3) Conference reports.--When the Senate is 
        considering a conference report on, or an amendment 
        between the Houses in relation to, a bill or joint 
        resolution, upon a point of order being made by any 
        Senator pursuant to paragraph (1), and such point of 
        order being sustained, such material contained in such 
        conference report or House amendment shall be stricken, 
        and the Senate shall proceed to consider the question 
        of whether the Senate shall recede from its amendment 
        and concur with a further amendment, or concur in the 
        House amendment with a further amendment, as the case 
        may be, which further amendment shall consist of only 
        that portion of the conference report or House 
        amendment, as the case may be, not so stricken. Any 
        such motion in the Senate shall be debatable. In any 
        case in which such point of order is sustained against 
        a conference report (or Senate amendment derived from 
        such conference report by operation of this paragraph), 
        no further amendment shall be in order.
          (4) Supermajority waiver and appeal.--In the Senate, 
        this subsection may be waived or suspended only by an 
        affirmative vote of three-fifths of the Members, duly 
        chosen and sworn. An affirmative vote of three-fifths 
        of Members of the Senate, duly chosen and sworn shall 
        be required to sustain an appeal of the ruling of the 
        Chair on a point of order raised under this subsection.
          (5) Determination.--For purposes of this subsection, 
        budgetary levels shall be determined on the basis of 
        estimates provided by the Chairman of the Committee on 
        Fiscal Control and the Budget of the Senate.
    (c) Point of Order in the House of Representatives.--
          (1) In general.--A provision in a bill or joint 
        resolution making appropriations for a fiscal year that 
        proposes a CHIMP that, if enacted, would cause the 
        amount available for obligation during the fiscal year 
        from the Crime Victims Fund to be less than the 3-year 
        average amount shall not be in order in the House of 
        Representatives.
          (2) Amendments and conference reports.--It shall not 
        be in order in the House of Representatives to consider 
        an amendment to, or a conference report on, a bill or 
        joint resolution making appropriations for a fiscal 
        year if such amendment thereto or conference report 
        thereon proposes a CHIMP that, if enacted, would cause 
        the amount available for obligation during the fiscal 
        year from the Crime Victims Fund to be less than the 3-
        year average amount.
          (3) Determination.--For purposes of this subsection, 
        budgetary levels shall be determined on the basis of 
        estimates provided by the Chairman of the Committee on 
        the Budget of the House of Representatives.

           *       *       *       *       *       *       *


                TITLE VII--PROGRAM REVIEW AND EVALUATION


[2 U.S.C. 623]

           *       *       *       *       *       *       *


         CONTINUING STUDY OF ADDITIONAL BUDGET REFORM PROPOSALS

    Sec. 703. (a) [The Committees on the Budget of the House of 
Representatives and the Senate] The Committee on the Budget of 
the House of Representatives and the Committee on Fiscal 
Control and the Budget of the Senate shall study on a 
continuing basis proposals designed to improve and facilitate 
methods of congressional budgetmaking. The proposals to be 
studied shall include, but are not limited to, proposals for--
          (1) improving the information base required for 
        determining the effectiveness of new programs by such 
        means as pilot testing, survey research, and other 
        experimental and analytical techniques;
          (2) improving analytical and systematic evaluation of 
        the effectiveness of existing programs;
          (3) establishing maximum and minimum time limitations 
        for program authorization; and
          (4) developing techniques of human resource 
        accounting and other means of providing noneconomic as 
        well as economic evaluation measures.
    (b) [The Committee on the Budget of each House shall, from 
time to time, report to its House] The Committee on the Budget 
of the House of Representatives and the Committee on Fiscal 
Control and the Budget of the Senate shall, from time to time, 
report to the House of Representatives and the Senate, 
respectively, the results of the study carried on by it under 
subsection (a), together with its recommendations.

           *       *       *       *       *       *       *


          TITLE IX--MISCELLANEOUS PROVISIONS; EFFECTIVE DATES


[2 U.S.C. 621 note]

           *       *       *       *       *       *       *


                     EXERCISE OF RULEMAKING POWERS

    Sec. 904. (a) * * *
    (f) Global Waiver for General Budget Points of Order.--
          (1) Definitions.--In this subsection--
                  (A) the term ``general budget point of 
                order'' means a point of order under this Act, 
                the Balanced Budget and Emergency Deficit 
                Control Act of 1985, the Statutory Pay-As-You-
                Go Act of 2010, or a concurrent resolution on 
                the budget that if sustained--
                          (i) in the case of a bill or joint 
                        resolution, the effect is the measure 
                        be recommitted to the appropriate 
                        committee for further consideration 
                        under section 312(f); or
                          (ii) in the case of any other 
                        measure, the effect is the same as if 
                        the Senate had disagreed to the 
                        measure; and
                  (B) the term ``surgical strike point of 
                order'' means a point of order under this Act, 
                the Balanced Budget and Emergency Deficit 
                Control Act of 1985, the Statutory Pay-As-You-
                Go Act of 2010, or a concurrent resolution on 
                the budget raised against a provision in a 
                measure that if sustained the effect is the 
                provision be stricken from the measure.
          (2) Waiver.--In the Senate, it shall be in order for 
        a Senator to move to waive all applicable general 
        budget points of order with respect to a bill, joint 
        resolution, concurrent resolution, motion, amendment, 
        amendment between the Houses, or conference report. An 
        affirmative vote of three-fifths of the Members of the 
        Senate, duly chosen and sworn, shall be required to 
        sustain a motion made under this paragraph.
          (3) Prohibition.--
                  (A) In general.--In the Senate, it shall not 
                be in order for a Senator to move to waive all 
                applicable surgical strike points of order with 
                respect to a bill, joint resolution, concurrent 
                resolution, motion, amendment, amendment 
                between the Houses, or conference report, 
                unless in response to a point of order being 
                raised.
                  (B) No waiver.--In the Senate, it shall not 
                be in order to move to waive or suspend 
                subparagraph (A).

           *       *       *       *       *       *       *


                      TITLE X--IMPOUNDMENT CONTROL


[2 U.S.C. 681 et seq.]

           *       *       *       *       *       *       *


SEC. 1018. REPORTS.

    (a) Apportionment of Appropriations.--
          (1) In general.--Not later than 90 days after the 
        date of enactment of this section, the Office of 
        Management and Budget shall complete implementation of 
        an automated system to post each document apportioning 
        an appropriation, pursuant to section 1512 of title 31, 
        United States Code, including any associated footnotes, 
        on a publicly accessible website in a machine readable 
        format, on the date of approval of such form by the 
        Office of Management and Budget, and shall place on 
        such website each document apportioning an 
        appropriation, pursuant to section 1512 of title 31, 
        United States Code, including any associated footnotes, 
        already approved by the Office of Management and Budget 
        in fiscal year 2020, and shall report the date of 
        completion of such requirements to the Committee on 
        Fiscal Control and the Budget and the Committee on 
        Appropriations of the Senate and the Committee on the 
        Budget and the Committee on Appropriations of the House 
        of Representatives.
          (2) Report.--Not later than 60 days after the date of 
        enactment of this section, and each month thereafter, 
        the Director of the Office of Management and Budget 
        shall provide to the Committee on Fiscal Control and 
        the Budget and the Committee on Appropriations of the 
        Senate and the Committee on the Budget and the 
        Committee on Appropriations of the House of 
        Representatives a report containing the bureau, account 
        name, appropriation name, and Treasury account fund 
        symbol of each document requesting apportionment of an 
        appropriation, pursuant to section 1512 of title 31, 
        United States Code, that has not been approved by the 
        Office of Management and Budget and that an agency 
        initially submitted to Office of Management and Budget 
        30 days or more prior to the date of the report.
    (b) Budget Authority.--
          (1) In general.--With respect to budget authority 
        proposed to be rescinded or that is set to be reserved 
        or proposed to be deferred in a special message 
        transmitted under section 1012 or 1013, such budget 
        authority--
                  (A) shall be made available for obligation in 
                sufficient time to be prudently obligated as 
                required under section 1012(b) or 1013; and
                  (B) may not be deferred or otherwise withheld 
                from obligation during the 60-day period before 
                the expiration of the period of availability of 
                such budget authority, including, if 
                applicable, the 60-day period before the 
                expiration of an initial period of availability 
                for which such budget authority was provided.
        (2) Review.--
                  (A) In general.--The Comptroller General 
                shall review compliance with this subsection 
                and shall submit to the Committee on Fiscal 
                Control and the Budget and the Committee on 
                Appropriations of the Senate and the Committee 
                on the Budget and the Committee on 
                Appropriations of the House of Representatives 
                a report, and any relevant information related 
                to the report, on the lack of compliance with 
                this subsection as soon as practicable after 
                the Comptroller General discovers such 
                noncompliance.
                (B) Information and documentation.--The 
                President shall provide information and 
                documentation to the Comptroller General, as is 
                determined by the Comptroller General to be 
                necessary to determine such compliance.
          (3) Penalties.--
                  (A) In general.--If any officer or employee 
                of an Executive agency violates this 
                subsection, the head of the agency shall report 
                such violation immediately as required under 
                section 1351 of title 31, United States Code, 
                as if violation of this subsection was a 
                violation of section 1341(a) or 1342 of that 
                title.
                  (B) Administrative discipline.--Any officer 
                or employee of the United States Government 
                violating this subsection shall be subject to 
                appropriate administrative discipline under 
                section 1349(a) of such title as if violation 
                of this subsection was a violation of section 
                1341(a) or 1342 of that title.

           *       *       *       *       *       *       *


                           DEFICIT REDUCTION

    Sec. 1024. (a) * * *
    (d) Congressional Budget Office Estimates.--As soon as 
practicable after the President makes a cancellation from a law 
under section 1021(a), the Director of the Congressional Budget 
Office shall provide [the Committees on the Budget of the House 
of Representatives and the Senate] the Committee on the Budget 
of the House of Representatives and the Committee on Fiscal 
Control and the Budget of the Senate with an estimate of the 
reduction of the budget authority and the reduction in outlays 
flowing from such reduction of budget authority for each 
outyear.

       EXPEDITED CONGRESSIONAL CONSIDERATION OF DISAPPROVAL BILLS

    Sec. 1025. (a) Receipt and Referral of Special Message.--
Each special message transmitted under this part shall be 
referred to the [Committee on the Budget] Committee on Fiscal 
Control and the Budget and the appropriate committee or 
committees of the Senate and the Committee on the Budget and 
the appropriate committee or committees of the House of 
Representatives. Each such message shall be printed as a 
document of the House of Representatives.

           *       *       *       *       *       *       *


                 CONSOLIDATED APPROPRIATIONS ACT, 2018

                     [Pub. L. 115-141, as amended]

    DIVISION O--WILDFIRE SUPPRESSION FUNDING AND FOREST MANAGEMENT 
ACTIVITIES ACT

           *       *       *       *       *       *       *



SEC. 104. REPORTING REQUIREMENTS.

    (a) In General.--Not later than 90 days after the end of 
the fiscal year for which additional new budget authority is 
used, pursuant to section 251(b)(2)(F)(i) of the Balanced 
Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 
901(b)(2)(F)(i)), as added by section 102 of this division, the 
Secretary of the Interior or the Secretary of Agriculture (as 
applicable), in consultation with the Director of the Office of 
Management and Budget, shall--
          (1) prepare an annual report with respect to the 
        additional new budget authority;
          (2) submit to the Committees on Appropriations, the 
        Budget, and Natural Resources of the House of 
        Representatives and the Committees on Appropriations, 
        [the Budget] Fiscal Control and the Budget, and Energy 
        and Natural Resources of the Senate the annual report 
        prepared under paragraph (1); and

           *       *       *       *       *       *       *


              EMERGENCY ECONOMIC STABILIZATION ACT OF 2008

             [Pub. L. 110-343, as amended, 12 U.S.C. 5202]

SEC. 3. DEFINITIONS.

    For purposes of this Act, the following definitions shall 
apply:
          (1) Appropriate committees of congress.--The term 
        ``appropriate committees of Congress'' means--
                  (A) the Committee on Banking, Housing, and 
                Urban Affairs, the Committee on Finance, [the 
                Committee on the Budget] the Committee on 
                Fiscal Control and the Budget, and the 
                Committee on Appropriations of the Senate; and
                  (B) the Committee on Financial Services, the 
                Committee on Ways and Means, the Committee on 
                the Budget, and the Committee on Appropriations 
                of the House of Representatives.

           *       *       *       *       *       *       *


            FULL EMPLOYMENT AND BALANCED GROWTH ACT OF 1978

                      [Pub. L. 95-523, as amended]

SEC. 302. COMMITTEE REVIEW.

    Sec. 302. (a) In conjunction with its review of the 
Economic Report, and the holding of hearings on the Economic 
Report under the Employment Act of 1946, the Joint Economic 
Committee shall review and analyze the short-term and medium-
term goals set forth in the Economic Report pursuant to 
sections 3(a)(2) and 4(b) of the Employment Act of 1946 (as 
amended by sections 103 and 104 of this Act).
    (b) The Joint Economic Committee shall hold hearings on the 
Economic Report for the purpose of receiving testimony from 
Members of the Congress; and such appropriate representatives 
of Federal departments and agencies, the general public, and 
interested groups as the joint committee deems advisable. The 
joint committee shall also consider the comments and views on 
the Economic Report which are received from State and local 
officials.
    (c) Within thirty days after receipt by the Congress of the 
Economic Report, each standing committee of the Senate and the 
House of Representatives, each other committee of the Senate 
and the House of Representatives which has legislative 
jurisdiction, and each joint committee of the Congress may 
submit to the Joint Economic Committee, for use by the Joint 
Economic Committee in conducting its review and analysis under 
subsection (a), a report containing the views and 
recommendations of the submitting committee with respect to 
aspects of the Economic Report which relate to its 
jurisdiction.
    (d) On or before March 15 of each year, a majority of the 
members of the Joint Economic Committee shall submit a report 
of [the Committees on the Budget of the Senate and the House of 
Representatives] the Committee on the Budget of the House of 
Representatives and the Committee on Fiscal Control and the 
Budget of the Senate. Such report shall include findings, 
recommendations, and any appropriate analyses with respect and 
in direct comparison to each of the short-term and medium-term 
goals set forth in the Economic Report.

           *       *       *       *       *       *       *


                     INTERNAL REVENUE CODE OF 1986

             [Pub. L. 106-554, as amended; 26 U.S.C. 9503]

Subtitle I--Trust Fund Code

           *       *       *       *       *       *       *



SEC. 9503. HIGHWAY TRUST FUND.

    (a) * * *
    (d) Adjustments of Apportionments.--
          (1) Estimates of unfunded highway authorizations and 
        net highway receipts.--The Secretary of the Treasury, 
        not less frequently than once in each calendar quarter, 
        after consultation with the Secretary of 
        Transportation, shall estimate--
                  (A) the amount which would (but for this 
                subsection) be the unfunded highway 
                authorizations at the close of the next fiscal 
                year, and
                  (B) the net highway receipts for the 48-month 
                period beginning at the close of such fiscal 
                year.
          (2) Procedure where there is excess unfunded highway 
        authorizations.--If the Secretary of the Treasury 
        determines for any fiscal year that the amount 
        described in paragraph (1)(A) exceeds the amount 
        described in paragraph (1)(B)--
                  (A) he shall so advise the Secretary of 
                Transportation, and
                  (B) he shall further advise the Secretary of 
                Transportation as to the amount of such excess.
          (3) * * *
          (7) Reports.--Any estimate under paragraph (1) and 
        any determination under paragraph (2) shall be reported 
        by the Secretary of the Treasury to the Committee on 
        Ways and Means of the House of Representatives, the 
        Committee on Finance of the Senate, [the Committees on 
        the Budget of both Houses] the Committee on the Budget 
        of the House of Representatives, the Committee on 
        Fiscal Control and the Budget of the Senate, the 
        Committee on Public Works and Transportation of the 
        House of Representatives, and the Committee on 
        Environment and Public Works of the Senate.

           *       *       *       *       *       *       *


                    SMALL BUSINESS JOBS ACT OF 2010

                     [Pub. L. 111-240, as amended]

SEC. 3002. DEFINITIONS.

    In this title, the following definitions shall apply:
          (1) Appropriate committees of congress.--The term 
        ``appropriate committees of Congress'' means--
                  (A) the Committee on Small Business and 
                Entrepreneurship, the Committee on Agriculture, 
                Nutrition, and Forestry, the Committee on 
                Banking, Housing, and Urban Affairs, the 
                Committee on Finance, [the Committee on the 
                Budget] the Committee on Fiscal Control and the 
                Budget, and the Committee on Appropriations of 
                the Senate; and
                  (B) the Committee on Small Business, the 
                Committee on Agriculture, the Committee on 
                Financial Services, the Committee on Ways and 
                Means, the Committee on the Budget, and the 
                Committee on Appropriations of the House of 
                Representatives.

           *       *       *       *       *       *       *


                  STATUTORY PAY-AS-YOU-GO ACT OF 2010

          [Pub. L. 111-139, as amended; 2 U.S.C. 931 et seq.]

SEC. 4. PAYGO ESTIMATES AND PAYGO SCORECARDS.

    (a) PAYGO Estimates.--
          (1) Required designation in paygo acts.--
                  (A) House of representatives.--To establish 
                the budgetary effects of a PAYGO Act consistent 
                with the determination made by the Chairman of 
                the House Budget Committee, a PAYGO Act 
                originated in or amended by the House of 
                Representatives may include the following 
                statement: ``The budgetary effects of this Act, 
                for the purpose of complying with the Statutory 
                Pay-As-You-Go-Act of 2010, shall be determined 
                by reference to the latest statement titled 
                `Budgetary Effects of PAYGO Legislation' for 
                this Act, submitted for printing in the 
                Congressional Record by the Chairman of the 
                House Budget Committee, provided that such 
                statement has been submitted prior to the vote 
                on passage.''.
                  (B) Senate.--To establish the budgetary 
                effects of a PAYGO Act consistent with the 
                determination made by the Chairman of [the 
                Senate Budget Committee] the Committee on 
                Fiscal Control and the Budget of the Senate, a 
                PAYGO Act originated in or amended by the 
                Senate shall include the following statement: 
                ``The budgetary effects of this Act, for the 
                purpose of complying with the Statutory Pay-As-
                You-Go-Act of 2010, shall be determined by 
                reference to the latest statement titled 
                `Budgetary Effects of PAYGO Legislation' for 
                this Act, submitted for printing in the 
                Congressional Record by the Chairman of [the 
                Senate Budget Committee] the Committee on 
                Fiscal Control and the Budget of the Senate, 
                provided that such statement has been submitted 
                prior to the vote on passage.''.
                  (C) Conference reports and amendments between 
                the houses.--To establish the budgetary effects 
                of the conference report on a PAYGO Act, or an 
                amendment to an amendment between Houses on a 
                PAYGO Act, which if estimated shall be 
                estimated jointly by [the Chairmen of the House 
                and Senate Budget Committees] the Chairman of 
                the Committee on the Budget of the House of 
                Representatives and the Chairman of the 
                Committee on Fiscal Control and the Budget of 
                the Senate, the conference report or amendment 
                between the Houses shall include the following 
                statement: ``The budgetary effects of this Act, 
                for the purpose of complying with the Statutory 
                Pay-As-You-Go-Act of 2010, shall be determined 
                by reference to the latest statement titled 
                `Budgetary Effects of PAYGO Legislation' for 
                this Act, jointly submitted for printing in the 
                Congressional Record by [the Chairmen of the 
                House and Senate Budget Committees] the 
                Chairman of the Committee on the Budget of the 
                House of Representatives and the Chairman of 
                the Committee on Fiscal Control and the Budget 
                of the Senate, provided that such statement has 
                been submitted prior to the vote on passage in 
                the House acting first on this conference 
                report or amendment between the Houses.''.
          (2) Determination of budgetary effects of paygo 
        acts.--
                  (A) Original legislation.--
                          (i) Statement and estimate.--Prior to 
                        a vote on passage of a PAYGO Act 
                        originated or amended [by one House, 
                        the Chairman of the Budget Committee of 
                        that House] by the House of 
                        Representatives or the Senate, the 
                        Chairman of the Committee on the Budget 
                        of the House of Representatives or the 
                        Chairman of the Committee on Fiscal 
                        Control and the Budget of the Senate, 
                        respectively may submit for printing in 
                        the Congressional Record a statement 
                        titled ``Budgetary Effects of PAYGO 
                        Legislation'' which shall include an 
                        estimate of the budgetary effects of 
                        that Act, if available prior to passage 
                        of the Act by that House and shall 
                        submit, if applicable, an 
                        identification of any current policy 
                        adjustments made pursuant to section 7 
                        of this Act. The timely submission of 
                        such a statement, in conjunction with 
                        the appropriate designation made 
                        pursuant to paragraph (1)(A) or (1)(B), 
                        as applicable, shall establish the 
                        budgetary effects of the PAYGO Act for 
                        the purposes of this Act.
                          (ii) Effect.--The latest statement 
                        submitted by [the Chairman of the 
                        Budget Committee of that House prior to 
                        passage] the Chairman of the Committee 
                        on the Budget of the House of 
                        Representatives or the Chairman of the 
                        Committee on Fiscal Control and the 
                        Budget of the Senate prior to passage 
                        by the House of Representatives or the 
                        Senate, respectively, shall supersede 
                        any prior statements submitted in the 
                        Congressional Record and shall be valid 
                        only if the PAYGO Act is not further 
                        amended by either House.
                          (iii) Failure to submit estimate.--
                        If--
                                  (I) the estimate required by 
                                clause (i) has not been 
                                submitted prior to passage by 
                                that House;
                                  (II) such estimate has been 
                                submitted but is no longer 
                                valid due to a subsequent 
                                amendment to the PAYGO Act; or
                                  (III) the designation 
                                required pursuant to this 
                                subsection has not been made;
                        the budgetary effects of the PAYGO Act 
                        shall be determined under subsection 
                        (d)(3), provided that this clause shall 
                        not apply if a valid designation is 
                        subsequently included in that PAYGO Act 
                        pursuant to paragraph (1)(C) and a 
                        statement is submitted pursuant to 
                        subparagraph (B).
                  (B) Conference reports and amendments between 
                houses.--
                          (i) In general.--Prior to the 
                        adoption of a report of a committee of 
                        conference on a PAYGO Act in either 
                        House, or disposition of an amendment 
                        to an amendment between Houses on a 
                        PAYGO Act, [the Chairmen of the Budget 
                        Committees of the House and Senate] the 
                        Chairman of the Committee on the Budget 
                        of the House of Representatives and the 
                        Chairman of the Committee on Fiscal 
                        Control and the Budget of the Senate 
                        may jointly submit for printing in the 
                        Congressional Record a statement titled 
                        ``Budgetary Effects of PAYGO 
                        Legislation'' which shall include an 
                        estimate of the budgetary effects of 
                        that Act if available prior to passage 
                        of the Act by the House acting first on 
                        the legislation and shall submit, if 
                        applicable, an identification of any 
                        current policy adjustments made 
                        pursuant to section 7 of this title. 
                        The timely submission of such a 
                        statement, in conjunction with the 
                        appropriate designation made pursuant 
                        to paragraph (1)(C), shall establish 
                        the budgetary effects of the PAYGO Act 
                        for the purposes of this Act.
                          (ii) Failure to submit estimate.--If 
                        such estimate has not been submitted 
                        prior to the adoption of a report of a 
                        committee of conference by either 
                        House, or if the designation required 
                        pursuant to this subsection has not 
                        been made, the budgetary effects of the 
                        PAYGO Act shall be determined under 
                        subsection (d)(3).
          (3) Procedure in the senate.--In the Senate, upon 
        submission of a statement titled ``Budgetary Effects of 
        PAYGO Legislation'' by the Chairman of the [Senate 
        Budget Committee] Committee on Fiscal Control and the 
        Budget of the Senate for printing in the Congressional 
        Record, the Legislative Clerk shall read the statement.
          (4) Jurisdiction [of the budget committees].--For the 
        purposes of enforcing section 306 of the Congressional 
        Budget Act of 1974, a designation made pursuant to 
        paragraph (1)(A), (1)(B), or (1)(C), that includes only 
        the language specifically prescribed therein, shall not 
        be considered a matter within the jurisdiction of 
        either [the Senate or House Committees on the Budget] 
        the Committee on the Budget of the House of 
        Representatives or the Committee on Fiscal Control and 
        the Budget of the Senate.

           *       *       *       *       *       *       *


SEC. 12. DETERMINATIONS AND POINTS OF ORDER.

    Nothing in this title shall be construed as limiting the 
authority of [the chairmen of the Committees on the Budget of 
the House and Senate] the Chairman of the Committee on the 
Budget of the House of Representatives or the Chairman of the 
Committee on Fiscal Control and the Budget of the Senate under 
section 312 of the Congressional Budget Act of 1974. CBO may 
consult with [the Chairmen of the House and Senate Budget 
Committees] the Chairman of the Committee on the Budget of the 
House of Representatives and the Chairman of the Committee on 
Fiscal Control and the Budget of the Senate to resolve any 
ambiguities in this title.

           *       *       *       *       *       *       *


                          XII. Public Hearings

    The Senate Committee on the Budget has held more than a 
dozen public hearings since the 114th Congress on matters 
related to reforming the congressional budget process. The 
Committee has also convened several additional hearings in 
which relevant concepts were discussed. S. 2765, the Bipartisan 
Congressional Budget Reform Act, is in large part, the 
byproduct of these public hearings.
    On June 26, 2019, the Committee held a hearing at 3:15 p.m. 
in room 608 of the Dirksen Senate Office Building (SD-608) 
entitled ``Fixing a Broken Budget and Spending Process: 
Securing the Nation's Fiscal Future.'' At the invitation of 
Chairman Mike Enzi, witness testimony was provided by the 
Honorable Gene L. Dodaro, Comptroller General, GAO.
    On June 19, 2019, the Committee held a hearing at 2:30 p.m. 
in SD-608 entitled ``Fixing a Broken Budget and Spending 
Process: Lessons from States.'' At the invitation of Chairman 
Enzi, witness testimony was provided by the Honorable Eli 
Bebout, Wyoming State Senator and Chairman of the Wyoming 
Senate Appropriations Committee, and Mr. John Hicks, Executive 
Director of the National Association of State Budget Officers. 
Mr. Benjamin Orr, Executive Director of the Maryland Center on 
Economic Policy, also provided witness testimony at the 
invitation of Ranking Member Bernie Sanders.
    On May 14, 2019, the Committee held a hearing at 2:30 p.m. 
in SD-608 entitled ``Fixing a Broken Budget and Spending 
Process: Perspectives of Two Former Chairmen.'' At the 
invitation of Chairman Enzi, witness testimony was provided by 
the Honorable Kent Conrad [D-ND] and the Honorable Judd Gregg 
[R-NH], former United States Senators and former chairmen of 
the Senate Committee on the Budget.
    On February 27, 2019, the Committee held a hearing at 2:30 
p.m. in SD-608 entitled ``The Budget Control Act: A Review of 
Cap-Adjusted Spending.'' At the invitation of Chairman Enzi, 
Ms. Teri Gullo, Assistant Director for Budget Analysis at CBO, 
provided witness testimony.
    On September 13, 2018, the Committee held a hearing at 
10:30 a.m. in SD-608 entitled ``An Update on Transparency at 
the Congressional Budget Office.'' At the invitation of 
Chairman Enzi, the Honorable Keith Hall, then-Director CBO, 
provided witness testimony.
    On May 23, 2018, the Committee held a hearing at 10:30 a.m. 
in SD-608 entitled ``GAO's Annual Report on Additional 
Opportunities to Reduce Fragmentation, Overlap, and Duplication 
in the Federal Government.'' At the invitation of Chairman 
Enzi, witness testimony was provided by the Honorable Gene L. 
Dodaro, Comptroller General, GAO.
    On January 24, 2018, the Committee held a hearing at 10:30 
a.m. in SD-608 entitled ``Oversight of the Congressional Budget 
Office.'' At the invitation of Chairman Enzi, the Honorable 
Keith Hall, then-Director of CBO, provided witness testimony.
    On September 14, 2016, the Committee held a hearing at 3:30 
p.m. in SD-608 entitled ``Oversight of the Congressional Budget 
Office.'' At the invitation of Chairman Enzi, the Honorable 
Keith Hall, then-Director of CBO, provided witness testimony.
    On April 27, 2016, the Committee held a hearing at 10:30 
a.m. in SD-608 entitled ``Fixing the Budget Process: Better 
Budgets, Better Results.'' At the invitation of Chairman Enzi, 
witness testimony was provided by Mr. Barry Anderson, former 
Acting Director of CBO, and Mr. James C. Capretta, Senior 
Fellow, Ethics and Public Policy Center, American Enterprise 
Institute (AEI). The late Mr. Stan Collender, former Executive 
Vice President, Qorvis MSLGROUP, also provided witness 
testimony at the invitation of Ranking Member Sanders.
    On April 20, 2016, the Committee held a hearing at 10:30 
a.m. in SD-608 entitled ``Fixing the Budget Process and 
Restoring Stability in Government Operations.'' At the 
invitation of Chairman Enzi, witness testimony was provided by 
Dr. Kevin Hassett, former Director of Economic Policy Studies, 
AEI, and Dr. Norman Ornstein, Resident Scholar, AEI. Dr. Philip 
Joyce, Senior Associate Dean, University of Maryland's School 
of Public Policy, also provided witness testimony at the 
invitation of Ranking Member Sanders.
    On April 13, 2016, the Committee held a hearing at 10:30 
a.m. in SD-608 entitled ``Fixing the Broken Budget Process.'' 
At the invitation of Chairman Enzi, testimony was provided by 
the late Dr. Paul Posner, former Director of the Center for 
Public Service, George Mason University, and the Honorable 
Maurice McTigue, Vice President for Outreach at the Mercatus 
Center, George Mason University. Dr. Roy T. Meyers, Professor 
of Political Science, University of Maryland, Baltimore County, 
also provided witness testimony at the invitation of Ranking 
Member Sanders.
    On April 6, 2016, the Committee held a hearing at 10:30 
a.m. in SD-608 entitled ``How the Federal Government's 
Financial Mismanagement Contributes to a Broken Budget 
Process.'' At the invitation of Chairman Enzi, witness 
testimony was provided by the Honorable Gene L. Dodaro, 
Comptroller General, GAO.
    On February 3, 2016, the Committee held a hearing at 10 
a.m. in SD-608 entitled ``Spending on Unauthorized Programs.'' 
At the invitation of Chairman Enzi, witness testimony was 
provided by the Honorable Keith Hall, then-Director of CBO, Ms. 
Jessica Tollestrup, Specialist in Congress and the Legislative 
Process, Congressional Research Service, and the late Dr. Paul 
Posner, former Director of the Center for Public Service, 
George Mason University. Dr. James Thurber, former Director of 
the Center for Congressional and Presidential Studies, American 
University, also provided witness testimony at the invitation 
of Ranking Member Sanders.
    On December 9, 2015, the Committee held a hearing at 10:30 
a.m. in SD-608 entitled ``The Need for Regulatory Budgeting.'' 
At the invitation of Chairman Mike Enzi, witness testimony was 
provided by Dr. John Graham, former Dean, School of Public and 
Environmental Affairs at Indiana University, and Dr. Jerry 
Ellig, former Senior Research Fellow, Mercatus Center, George 
Mason University. Mr. Robert Verchick, Chair of Environmental 
Law, 
Loyola University New Orleans, also provided witness testimony 
at the invitation of Ranking Member Sanders.
    On November 4, 2015, the Committee held a hearing at 10:30 
a.m. in SD-608 entitled ``Reforming the Federal Budget Process: 
A Biennial Approach to Better Budgeting.'' At the invitation of 
Chairman Enzi, witness testimony was provided by the Honorable 
Johnny Isakson [R-GA], United States Senator; the Honorable 
Thomas Carper [D-DE], United States Senator; and the Honorable 
William G. Batchelder, former Speaker of the Ohio House of 
Representatives. The Honorable David Price [D-NC], United 
States Representative, and Mr. Robert L. Bixby, Executive 
Director of the Concord Coalition, also provided witness 
testimony at the invitation of Ranking Member Sanders.
    On October 21, 2015, the Committee held a hearing at 10:30 
a.m. in SD-608 entitled ``Reforming the Federal Budget Process: 
The Need for Action.'' At the invitation of Chairman Enzi, 
witness testimony was provided by Mr. Michael Peterson, 
President and Chief Executive Officer of the Peter G. Peterson 
Foundation, and Dr. Douglas Holtz-Eakin, President of the 
American Action Forum and former Director of CBO. Ms. Deborah 
Weinstein, Executive Director of the Coalition on Human Needs, 
also provided witness testimony at the invitation of Ranking 
Member Sanders.
    On May 19, 2015, the Committee held a hearing at 10:30 a.m. 
in SD-608 entitled ``Oversight of the Congressional Budget 
Office.'' At the invitation of Chairman Enzi, witness testimony 
was provided by the Honorable Keith Hall, then-Director of CBO.
    On March 4, 2015, the Committee held a hearing at 10:30 
a.m. in SD-608 entitled ``Wasteful Duplication in the Federal 
Government.'' At the invitation of Chairman Enzi, witness 
testimony was provided by the Honorable Gene L. Dodaro, 
Comptroller General, GAO.

                                  [all]