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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 627 Engrossed Amendment House (EAH)]

                In the House of Representatives, U. S.,

                                                         July 29, 2011.
    Resolved, That the bill from the Senate (S. 627) entitled ``An Act 
to establish the Commission on Freedom of Information Act Processing 
Delays.'', do pass with the following

                               AMENDMENT:

            Strike out all after the enacting clause and insert:

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Budget Control Act 
of 2011''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.

          TITLE I--TEN-YEAR DISCRETIONARY CAPS WITH SEQUESTER

Sec. 101. Enforcing discretionary spending limits.
Sec. 102. Definitions.
Sec. 103. Reports and orders.
Sec. 104. Expiration.
Sec. 105. Conforming amendments to the Congressional Budget and 
                            Impoundment Control Act of 1974.

            TITLE II--VOTE ON THE BALANCED BUDGET AMENDMENT

Sec. 201. Vote on the balanced budget amendment.
Sec. 202. Consideration by the other House.

              TITLE III--DEBT CEILING DISAPPROVAL PROCESS

Sec. 301. Debt ceiling disapproval process.

         TITLE IV--JOINT SELECT COMMITTEE ON DEFICIT REDUCTION

Sec. 401. Establishment of Joint Select Committee.
Sec. 402. Expedited consideration of joint committee recommendations.
Sec. 403. Funding.
Sec. 404. Rulemaking.

          TITLE V--PELL GRANT AND STUDENT LOAN PROGRAM CHANGES

Sec. 501. Federal Pell Grants.
Sec. 502. Termination of authority to make interest subsidized loans to 
                            graduate and professional students.
Sec. 503. Termination of Direct Loan repayment incentives.
Sec. 504. Inapplicability of title IV negotiated rulemaking and master 
                            calendar exception.

          TITLE I--TEN-YEAR DISCRETIONARY CAPS WITH SEQUESTER

SEC. 101. ENFORCING DISCRETIONARY SPENDING LIMITS.

    Section 251 of the Balanced Budget and Emergency Deficit Control 
Act of 1985 is amended to read as follows:

``SEC. 251. ENFORCING DISCRETIONARY SPENDING LIMITS.

    ``(a) Enforcement.--
            ``(1) Sequestration.--Within 15 calendar days after 
        Congress adjourns to end a session there shall be a 
        sequestration to eliminate a budget-year breach, if any.
            ``(2) Eliminating a breach.--Each non-exempt account shall 
        be reduced by a dollar amount calculated by multiplying the 
        enacted level of sequestrable budgetary resources in that 
        account at that time by the uniform percentage necessary to 
        eliminate a breach.
            ``(3) Military personnel.--If the President uses the 
        authority to exempt any personnel account from sequestration 
        under section 255(f), each account within subfunctional 
        category 051 (other than those military personnel accounts for 
        which the authority provided under section 255(f) has been 
        exercised) shall be further reduced by a dollar amount 
        calculated by multiplying the enacted level of non-exempt 
        budgetary resources in that account at that time by the uniform 
        percentage necessary to offset the total dollar amount by which 
        outlays are not reduced in military personnel accounts by 
        reason of the use of such authority.
            ``(4) Part-year appropriations.--If, on the date specified 
        in paragraph (1), there is in effect an Act making or 
        continuing appropriations for part of a fiscal year for any 
        budget account, then the dollar sequestration calculated for 
        that account under paragraphs (2) and (3) shall be subtracted 
        from--
                    ``(A) the annualized amount otherwise available by 
                law in that account under that or a subsequent part-
                year appropriation; and
                    ``(B) when a full-year appropriation for that 
                account is enacted, from the amount otherwise provided 
                by the full-year appropriation.
            ``(5) Look-back.--If, after June 30, an appropriation for 
        the fiscal year in progress is enacted that causes a breach for 
        that year (after taking into account any sequestration of 
        amounts), the discretionary spending limits for the next fiscal 
        year shall be reduced by the amount or amounts of that breach.
            ``(6) Within-session sequestration.--If an appropriation 
        for a fiscal year in progress is enacted (after Congress 
        adjourns to end the session for that budget year and before 
        July 1 of that fiscal year) that causes a breach for that year 
        (after taking into account any prior sequestration of amounts), 
        15 days later there shall be a sequestration to eliminate that 
        breach following the procedures set forth in paragraphs (2) 
        through (4).
            ``(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, shall provide OMB with 
                an estimate of the amount of discretionary new budget 
                authority 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 the CBO estimate of that 
                legislation, an OMB estimate 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 Committees on the Budget of the House of 
                Representatives and 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 
                House and Senate Committees on the Budget, 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 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--
                            ``(i) the President designates as emergency 
                        requirements and that the Congress so 
                        designates in statute on an account by account 
                        basis; or
                            ``(ii) the President designates for 
                        Overseas Contingency Operations/Global War on 
                        Terrorism and that the Congress so designates 
                        in statute on an account by account basis;
                the adjustment shall be the total of such 
                appropriations in discretionary accounts designated as 
                emergency requirements or for Overseas Contingency 
                Operations/Global War on Terrorism, as applicable, and 
                the outlays flowing in all fiscal years from such 
                appropriations.
                    ``(B) Continuing disability reviews and 
                redeterminations.--(i) If a bill or joint resolution 
                making appropriations for a fiscal year is enacted that 
                specifies an amount for continuing disability reviews 
                under titles II and XVI of the Social Security Act and 
                for the cost associated with conducting 
                redeterminations of eligibility under title XVI of the 
                Social Security Act, then the adjustments for that 
                fiscal year shall be the additional new budget 
                authority provided in that Act for such expenses for 
                that fiscal year and the additional outlays flowing 
                therefrom, but shall not exceed--
                            ``(I) for fiscal year 2012, $623,000,000 in 
                        additional new budget authority;
                            ``(II) for fiscal year 2013, $751,000,000 
                        in additional new budget authority;
                            ``(III) for fiscal year 2014, $924,000,000 
                        in additional new budget authority;
                            ``(IV) for fiscal year 2015, $1,123,000,000 
                        in additional new budget authority;
                            ``(V) for fiscal year 2016, $1,166,000,000 
                        in additional new budget authority;
                            ``(VI) for fiscal year 2017, $1,309,000,000 
                        in additional new budget authority;
                            ``(VII) for fiscal year 2018, 
                        $1,309,000,000 in additional new budget 
                        authority;
                            ``(VIII) for fiscal year 2019, 
                        $1,309,000,000 in additional new budget 
                        authority;
                            ``(IX) for fiscal year 2020, $1,309,000,000 
                        in additional new budget authority; and
                            ``(X) for fiscal year 2021, $1,309,000,000 
                        in additional new budget authority.
                    ``(ii) As used in this subparagraph--
                            ``(I) the term `continuing disability 
                        reviews' means continuing disability reviews 
                        under titles II and XVI of the Social Security 
                        Act and redeterminations of eligibility under 
                        title XVI of the Social Security Act; and
                            ``(II) the term `additional new budget 
                        authority' means the amount provided for a 
                        fiscal year, in excess of $273,000,000, in an 
                        appropriation Act and specified to pay for the 
                        costs of continuing disability reviews under 
                        the heading `Limitation on Administrative 
                        Expenses' for the Social Security 
                        Administration.
                    ``(C) Health care fraud and abuse control.--
                            ``(i) If a bill or joint resolution making 
                        appropriations for a fiscal year is enacted 
                        that specifies an amount for the health care 
                        fraud abuse control program at the Department 
                        of Health and Human Services (75-8393-0-7-571), 
                        then the adjustments for that fiscal year shall 
                        be the amount of additional new budget 
                        authority provided in that Act for such program 
                        for that fiscal year and the additional outlays 
                        flowing therefrom, but shall not exceed--
                                    ``(I) for fiscal year 2012, 
                                $270,000,000 in additional new budget 
                                authority;
                                    ``(II) for fiscal year 2013, 
                                $299,000,000 in additional new budget 
                                authority;
                                    ``(III) for fiscal year 2014, 
                                $329,000,000 in additional new budget 
                                authority;
                                    ``(IV) for fiscal year 2015, 
                                $361,000,000 in additional new budget 
                                authority;
                                    ``(V) for fiscal year 2016, 
                                $395,000,000 in additional new budget 
                                authority;
                                    ``(VI) for fiscal year 2017, 
                                $414,000,000 in additional new budget 
                                authority;
                                    ``(VII) for fiscal year 2018, 
                                $434,000,000 in additional new budget 
                                authority;
                                    ``(VIII) for fiscal year 2019, 
                                $454,000,000 in additional new budget 
                                authority;
                                    ``(IX) for fiscal year 2020, 
                                $475,000,000 in additional new budget 
                                authority; and
                                    ``(X) for fiscal year 2021, 
                                $496,000,000 in additional new budget 
                                authority.
                            ``(ii) As used in this subparagraph, the 
                        term `additional new budget authority' means 
                        the amount provided for a fiscal year, in 
                        excess of $311,000,000, in an appropriation Act 
                        and specified to pay for the costs of the 
                        health care fraud and abuse control program.
        The adjustment for outlays shall only be for the outlays 
        flowing from the additional new budget authority and the total 
        outlays adjustments made for any fiscal year shall not exceed 
        the total adjustments made for that fiscal year in new budget 
        authority.
    ``(c) Discretionary Spending Limit.--As used in this part, the term 
`discretionary spending limit' means--
            ``(1) with respect to fiscal year 2012, for total 
        discretionary spending: $1,043,000,000,000, in new budget 
        authority of which new budget authority for function 050 shall 
        be between $535,440,000,000 and $568,560,000,000;
            ``(2) with respect to fiscal year 2013, for total 
        discretionary spending: $1,047,000,000,000 in new budget 
        authority of which new budget authority for function 050 shall 
        be between $537,440,000,000 and $570,560,000,000;
            ``(3) with respect to fiscal year 2014, for total 
        discretionary spending: $1,066,000,000,000 in new budget 
        authority;
            ``(4) with respect to fiscal year 2015, for total 
        discretionary spending: $1,086,000,000,000 in new budget 
        authority;
            ``(5) with respect to fiscal year 2016, for total 
        discretionary spending: $1,107,000,000,000 in new budget 
        authority;
            ``(6) with respect to fiscal year 2017, for total 
        discretionary spending: $1,131,000,000,000 in new budget 
        authority;
            ``(7) with respect to fiscal year 2018, for total 
        discretionary spending: $1,156,000,000,000 in new budget 
        authority;
            ``(8) with respect to fiscal year 2019, for total 
        discretionary spending: $1,182,000,000,000 in new budget 
        authority;
            ``(9) with respect to fiscal year 2020, for total 
        discretionary spending: $1,208,000,000,000 in new budget 
        authority; and
            ``(10) with respect to fiscal year 2021, for total 
        discretionary spending: $1,234,000,000,000 in new budget 
        authority;
as adjusted in strict conformance with subsection (b).''.

SEC. 102. DEFINITIONS.

    Section 250(c) is amended as follows:
            (1) Strike paragraph (4) and redesignate succeeding 
        paragraphs accordingly.
            (2) In paragraph (7)(C) (as redesignated), strike ``the 
        food stamp program'' and insert ``the Supplemental Nutrition 
        Assistance Program''.
            (3) Strike paragraph (13) (as redesignated) and insert the 
        following new paragraph:
            ``(13) The term `outyear' means a fiscal year one or more 
        years after the budget year.''.
            (4) At the end, add the following new paragraphs:
            ``(19) The term `emergency' means a situation that--
                    ``(A) requires new budget authority and outlays (or 
                new budget authority and the outlays flowing therefrom) 
                for the prevention or mitigation of, or response to, 
                loss of life or property, or a threat to national 
                security; and
                    ``(B) is unanticipated.
            ``(20) The term `unanticipated' means that the underlying 
        situation is--
                    ``(A) sudden, which means quickly coming into being 
                or not building up over time;
                    ``(B) urgent, which means a pressing and compelling 
                need requiring immediate action;
                    ``(C) unforeseen, which means not predicted or 
                anticipated as an emerging need; and
                    ``(D) temporary, which means not of a permanent 
                duration.''.

SEC. 103. REPORTS AND ORDERS.

    Section 254 of the Balanced Budget and Emergency Deficit Control 
Act of 1985 is amended as follows:
            (1) In subsection (c)(2), strike ``2002'' and insert 
        ``2021''.
            (2) In subsection (f)(2)(A), strike ``2002'' and insert 
        ``2021''.

SEC. 104. EXPIRATION.

    (a) Repealer.--Section 275 of the Balanced Budget and Emergency 
Deficit Control Act of 1985 is repealed.
    (b) Conforming Change.--Sections 252(d)(1), 254(c), 254(f)(3), 
254(f)(4), 254(g), and 254(i) of the Balanced Budget and Emergency 
Deficit Control Act of 1985 shall not apply to the Congressional Budget 
Office.

SEC. 105. CONFORMING AMENDMENTS TO THE CONGRESSIONAL BUDGET AND 
              IMPOUNDMENT CONTROL ACT OF 1974.

    (a) Adjustments.--Section 314 of the Congressional Budget Act of 
1974 is amended as follows:
            (1) Strike subsection (a) and insert the following:
    ``(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 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.''.
            (2) Strike subsections (b) and (e) and redesignate 
        subsections (c) and (d) as subsections (b) and (c), 
        respectively.
            (3) At the end, add the following new subsections:
    ``(d) Emergencies.--If a reported bill or joint resolution, or 
amendment thereto or conference report thereon, contains a provision 
providing new budget authority and outlays or reducing revenue, and a 
designation of such provision as an emergency requirement pursuant to 
251(b)(2)(A) of the Balanced Budget and Emergency Deficit Control Act 
of 1985, the chair of the Committee on the Budget shall not count the 
budgetary effects of such provision for purposes of title III and title 
IV of the Congressional Budget Act of 1974 and the Rules of the House 
of Representatives.
    ``(e) Enforcement of Discretionary Spending Caps.--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 that 
would cause the discretionary spending limits as set forth in section 
251 of the Balanced Budget and Emergency Deficit Control Act to be 
exceeded.''.
    (b) Motion to Strike in the House of Representatives.--(1) In the 
House of Representatives, if a reported bill or joint resolution, or 
amendment thereto or conference report thereon, contains a provision 
providing new budget authority and outlays or reducing revenue, and a 
designation of such provision as an emergency pursuant to this section, 
the chair of the Committee on the Budget shall not count the budgetary 
effects of such provision for purposes of title III and title IV of the 
Congressional Budget Act of 1974 and the Rules of the House of 
Representatives.
    (2) In the House of Representatives, a proposal to strike a 
designation under paragraph (1) shall be excluded from an evaluation of 
budgetary effects for purposes of title III and title IV of the 
Congressional Budget Act of 1974 and the Rules of the House of 
Representatives.
    (3) An amendment offered under paragraph (2) that also proposes to 
reduce each amount appropriated or otherwise made available by the 
pending measure that is not required to be appropriated or otherwise 
made available shall be in order at any point in the reading of the 
pending measure.
    (c) Definitions.--Section 3 of the Congressional Budget and 
Impoundment Control Act of 1974 is amended by adding at the end the 
following new paragraph:
            ``(11) The terms `emergency' and `unanticipated' have the 
        meanings given to such terms in section 250(c) of the Balanced 
        Budget and Emergency Deficit Control Act of 1985.''.
    (d) Appeals for Discretionary Caps.--Section 904(c)(2) of the 
Congressional Budget Act of 1974 is amended by striking ``and 312(c)'' 
and inserting ``312(c), and 314(e)''.

            TITLE II--VOTE ON THE BALANCED BUDGET AMENDMENT

SEC. 201. VOTE ON THE BALANCED BUDGET AMENDMENT.

    After September 30, 2011, and not later than December 31, 2011, the 
House of Representatives and Senate, respectively, shall vote on 
passage of a joint resolution, the title of which is as follows: 
``Joint resolution proposing a balanced budget amendment to the 
Constitution of the United States.''.

SEC. 202. CONSIDERATION BY THE OTHER HOUSE.

    (a) House Consideration.--
            (1) Referral.--If the House receives a joint resolution 
        described in section 201 from the Senate, such joint resolution 
        shall be referred to the Committee on the Judiciary. If the 
        committee fails to report the joint resolution within five 
        legislative days, it shall be in order to move that the House 
        discharge the committee from further consideration of the joint 
        resolution. Such a motion shall not be in order after the House 
        has disposed of a motion to discharge the joint resolution. The 
        previous question shall be considered as ordered on the motion 
        to its adoption without intervening motion except twenty 
        minutes of debate equally divided and controlled by the 
        proponent and an opponent. If such a motion is adopted, the 
        House shall proceed immediately to consider the joint 
        resolution in accordance with paragraph (3). A motion to 
        reconsider the vote by which the motion is disposed of shall 
        not be in order.
            (2) Proceeding to consideration.--After the joint 
        resolution has been referred to the appropriate calendar or the 
        committee has been discharged (other than by motion) from its 
        consideration, it shall be in order to move to proceed to 
        consider the joint resolution in the House. Such a motion shall 
        not be in order after the House has disposed of a motion to 
        proceed with respect to the joint resolution. The previous 
        question shall be considered as ordered on the motion to its 
        adoption without intervening motion. A motion to reconsider the 
        vote by which the motion is disposed of shall not be in order.
            (3) Consideration.--The joint resolution shall be 
        considered as read. All points of order against the joint 
        resolution and against its consideration are waived. The 
        previous question shall be considered as ordered on the joint 
        resolution to its passage without intervening motion except two 
        hours of debate equally divided and controlled by the proponent 
        and an opponent and one motion to limit debate on the joint 
        resolution. A motion to reconsider the vote on passage of the 
        joint resolution shall not be in order.
    (b) Senate Consideration.--(1) If the Senate receives a joint 
resolution described in section 201 from the House of Representatives, 
such joint resolution shall be referred to the appropriate committee of 
the Senate. If such committee has not reported the joint resolution at 
the close of the fifth session day after its receipt by the Senate, 
such committee shall be automatically discharged from further 
consideration of the joint resolution and it shall be placed on the 
calendar.
    (2) Consideration of the joint resolution and on all debatable 
motions and appeals in connection therewith, shall be limited to not 
more than 20 hours, which shall be divided equally between the majority 
and minority leaders or their designees. A motion further to limit 
debate is in order and not debatable. An amendment to, or a motion to 
postpone, or a motion to proceed to the consideration of other 
business, or a motion to recommit the joint resolution is not in order. 
Any debatable motion or appeal is debatable for not to exceed 1 hour, 
to be divided equally between those favoring and those opposing the 
motion or appeal. All time used for consideration of the joint 
resolution, including time used for quorum calls and voting, shall be 
counted against the total 20 hours of consideration.
    (3) If the Senate has voted to proceed to a joint resolution, the 
vote on passage of the joint resolution shall be taken on or before the 
close of the seventh session day after such joint resolution has been 
reported or discharged or immediately following the conclusion of 
consideration of the joint resolution, and a single quorum call at the 
conclusion of the debate if requested in accordance with the rules of 
the Senate.

              TITLE III--DEBT CEILING DISAPPROVAL PROCESS

SEC. 301. DEBT CEILING DISAPPROVAL PROCESS.

    Subchapter I of chapter 31 of subtitle III of title 31, United 
States Code, is amended--
            (1) in section 3101(b), by striking ``or otherwise'' and 
        inserting ``or as provided by section 3101A or otherwise''; and
            (2) by inserting after section 3101, the following:
``Sec. 3101A. Presidential modification of the debt ceiling
    ``(a) In General.--
            ``(1) $900 billion.--
                    ``(A) Certification.--If, not later than December 
                31, 2011, the President submits a written certification 
                to Congress that the President has determined that the 
                debt subject to limit is within $100,000,000,000 of the 
                limit in section 3101(b) and that further borrowing is 
                required to meet existing commitments, the Secretary of 
                the Treasury may exercise authority to borrow an 
                additional $900,000,000,000 subject to the enactment of 
                a joint resolution of disapproval enacted pursuant to 
                this section. Upon submission of such certification, 
                the limit on debt provided in section 3101(b) (referred 
                to in this section as the `debt limit') is increased by 
                $400,000,000,000.
                    ``(B) Resolution of disapproval.--Congress may 
                consider a joint resolution of disapproval of the 
                authority under subparagraph (A) as provided in 
                subsections (b) through (f). The joint resolution of 
                disapproval considered under this section shall contain 
                only the language provided in subsection (b)(2). If the 
                time for disapproval has lapsed without enactment of a 
                joint resolution of disapproval under this section, the 
                debt limit is increased by an additional 
                $500,000,000,000.
            ``(2) Additional amount.--
                    ``(A) Certification.--If, after the debt limit is 
                increased by $900,000,000,000 under paragraph (1), the 
                President submits a written certification to Congress 
                that the President has determined that the debt subject 
                to limit is within $100,000,000,000 of the limit in 
                section 3101(b) and that further borrowing is required 
                to meet existing commitments, the Secretary of the 
                Treasury may exercise authority to borrow an additional 
                amount equal to $1,600,000,000,000 if the amount of 
                deficit reduction achieved pursuant to the enactment of 
                the joint committee bill as set forth pursuant to 
                section 401(b)(3) of the Budget Control Act of 2011 is 
                greater than $1,600,000,000,000 and the Archivist of 
                the United States has submitted to the States for their 
                ratification a proposed amendment to the Constitution 
                of the United States pursuant to a joint resolution 
                entitled `Joint resolution proposing a balanced budget 
                amendment to the Constitution of the United States', 
                subject to the enactment of a joint resolution of 
                disapproval enacted pursuant to this section.
                    ``(B) Resolution of disapproval.--Congress may 
                consider a joint resolution of disapproval of the 
                authority under subparagraph (A) as provided in 
                subsections (b) through (f). The joint resolution of 
                disapproval considered under this section shall contain 
                only the language provided in subsection (b)(2). If the 
                time for disapproval has lapsed without enactment of a 
                joint resolution of disapproval under this section, the 
                debt limit is increased by the amount authorized under 
                subparagraph (A).
    ``(b) Joint Resolution of Disapproval.--
            ``(1) In general.--Except for the $400,000,000,000 increase 
        in the debt limit provided by subsection (a)(1)(A), the debt 
        limit may not be raised under this section if, within 60 
        calendar days after the date on which Congress receives a 
        certification described in subsection (a)(1) or within 15 
        calendar days after Congress receives the certification 
        described in subsection (a)(2) (regardless of whether Congress 
        is in session), there is enacted into law a joint resolution 
        disapproving the President's exercise of authority with respect 
        to such additional amount.
            ``(2) Contents of joint resolution.--For the purpose of 
        this section, the term `joint resolution' means only a joint 
        resolution--
                    ``(A)(i) for the certification described in 
                subsection (a)(1), that is introduced on September 6, 
                7, 8, or 9, 2011 (or, if the Senate was not in session, 
                the next calendar day on which the Senate is in 
                session); and
                    ``(ii) for the certification described in 
                subsection (a)(2), that is introduced between the date 
                the certification is received and 3 calendar days after 
                that date;
                    ``(B) which does not have a preamble;
                    ``(C) the title of which is only as follows: `Joint 
                resolution relating to the disapproval of the 
                President's exercise of authority to increase the debt 
                limit, as submitted under section 3101A of title 31, 
                United States Code, on ______', with the blank 
                containing the date of such submission; and
                    ``(D) the matter after the resolving clause of 
                which is only as follows: `That Congress disapproves of 
                the President's exercise of authority to increase the 
                debt limit, as exercised pursuant to the certification 
                under section 3101A(a) of title 31, United States 
                Code.'.
    ``(c) Expedited Consideration in House of Representatives.--
            ``(1) Reconvening.--Upon receipt of a certification 
        described in subsection (a)(2), the Speaker, if the House would 
        otherwise be adjourned, shall notify the Members of the House 
        that, pursuant to this section, the House shall convene not 
        later than the second calendar day after receipt of such 
        certification.
            ``(2) Reporting and discharge.--Any committee of the House 
        of Representatives to which a joint resolution is referred 
        shall report it to the House without amendment not later than 5 
        calendar days after the date of introduction of a joint 
        resolution described in subsection (a). If a committee fails to 
        report the joint resolution within that period, the committee 
        shall be discharged from further consideration of the joint 
        resolution and the joint resolution shall be referred to the 
        appropriate calendar.
            ``(3) Proceeding to consideration.--After each committee 
        authorized to consider a joint resolution reports it to the 
        House or has been discharged from its consideration, it shall 
        be in order, not later than the sixth day after introduction of 
        a joint resolution under subsection (a), to move to proceed to 
        consider the joint resolution in the House. All points of order 
        against the motion are waived. Such a motion shall not be in 
        order after the House has disposed of a motion to proceed on a 
        joint resolution addressing a particular submission. The 
        previous question shall be considered as ordered on the motion 
        to its adoption without intervening motion. The motion shall 
        not be debatable. A motion to reconsider the vote by which the 
        motion is disposed of shall not be in order.
            ``(4) Consideration.--The joint resolution shall be 
        considered as read. All points of order against the joint 
        resolution and against its consideration are waived. The 
        previous question shall be considered as ordered on the joint 
        resolution to its passage without intervening motion except two 
        hours of debate equally divided and controlled by the proponent 
        and an opponent. A motion to reconsider the vote on passage of 
        the joint resolution shall not be in order.
    ``(d) Expedited Procedure in Senate.--
            ``(1) Reconvening.--Upon receipt of a certification under 
        subsection (a)(2), if the Senate has adjourned or recessed for 
        more than 2 days, the majority leader of the Senate, after 
        consultation with the minority leader of the Senate, shall 
        notify the Members of the Senate that, pursuant to this 
        section, the Senate shall convene not later than the second 
        calendar day after receipt of such message.
            ``(2) Placement on calendar.--Upon introduction in the 
        Senate, the joint resolution shall be immediately placed on the 
        calendar.
            ``(3) Floor consideration.--
                    ``(A) In general.--Notwithstanding Rule XXII of the 
                Standing Rules of the Senate, it is in order at any 
                time during the period beginning on the day after the 
                date on which Congress receives a certification under 
                subsection (a) and, for the certification described in 
                subsection (a)(1), ending on September 14, 2011, and 
                for the certification described in subsection (a)(2), 
                on the 6th day after the date on which Congress 
                receives a certification under subsection (a) (even 
                though a previous motion to the same effect has been 
                disagreed to) to move to proceed to the consideration 
                of the joint resolution, and all points of order 
                against the joint resolution (and against consideration 
                of the joint resolution) are waived. The motion to 
                proceed is not debatable. The motion is not subject to 
                a motion to postpone. 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 the resolution is agreed to, the joint 
                resolution shall remain the unfinished business until 
                disposed of.
                    ``(B) Consideration.--Consideration of the joint 
                resolution, and on all debatable motions and appeals in 
                connection therewith, shall be limited to not more than 
                10 hours, which shall be divided equally between the 
                majority and minority leaders or their designees. A 
                motion further to limit debate is in order and not 
                debatable. An amendment to, or a motion to postpone, or 
                a motion to proceed to the consideration of other 
                business, or a motion to recommit the joint resolution 
                is not in order.
                    ``(C) Vote on passage.--If the Senate has voted to 
                proceed to a joint resolution, the vote on passage of 
                the joint resolution shall occur immediately following 
                the conclusion of consideration of the joint 
                resolution, and a single quorum call at the conclusion 
                of the debate if requested in accordance with the rules 
                of the Senate.
                    ``(D) Rulings of the chair on procedure.--Appeals 
                from the decisions of the Chair relating to the 
                application of the rules of the Senate, as the case may 
                be, to the procedure relating to a joint resolution 
                shall be decided without debate.
    ``(e) Amendment Not in Order.--A joint resolution of disapproval 
considered pursuant to this section shall not be subject to amendment 
in either the House of Representatives or the Senate.
    ``(f) Coordination With Action by Other House.--
            ``(1) In general.--If, before passing the joint resolution, 
        one House receives from the other a joint resolution--
                    ``(A) the joint resolution of the other House shall 
                not be referred to a committee; and
                    ``(B) the procedure in the receiving House shall be 
                the same as if no joint resolution had been received 
                from the other House until the vote on passage, when 
                the joint resolution received from the other House 
                shall supplant the joint resolution of the receiving 
                House.
            ``(2) Treatment of joint resolution of other house.--If the 
        Senate fails to introduce or consider a joint resolution under 
        this section, the joint resolution of the House shall be 
        entitled to expedited floor procedures under this section.
            ``(3) Treatment of companion measures.--If, following 
        passage of the joint resolution in the Senate, the Senate then 
        receives the companion measure from the House of 
        Representatives, the companion measure shall not be debatable.
            ``(4) Consideration after passage.--(A) If Congress passes 
        a joint resolution, the period beginning on the date the 
        President is presented with the joint resolution and ending on 
        the date the President signs, allows to become law without his 
        signature, or vetoes and returns the joint resolution (but 
        excluding days when either House is not in session) shall be 
        disregarded in computing the appropriate calendar day period 
        described in subsection (b)(1).
            ``(B) debate on a veto message in the Senate under this 
        section shall be 1 hour equally divided between the majority 
        and minority leaders or their designees.
            ``(5) Veto override.--If within the appropriate calendar 
        day period described in subsection (b)(1), Congress overrides a 
        veto of the joint resolution with respect to authority 
        exercised pursuant to paragraph (1) or (2) of subsection (a), 
        the limit on debt provided in section 3101(b) shall not be 
        raised, except for the $400,000,000,000 increase in the limit 
        provided by subsection (a)(1)(A).
            ``(6) Sequester.--(A) If within the 60-calendar day period 
        described in subsection (b)(1), Congress overrides a veto of 
        the joint resolution with respect to authority exercised 
        pursuant to paragraph (1) of subsection (a), OMB shall, 
        immediately, sequester pro rata amounts from all discretionary 
        and direct spending accounts as defined in section 250(c) of 
        the Balanced Budget and Emergency Deficit Control Act of 1985 
        (2 U.S.C. 900(c)) (as in effect September 30, 2006) equal to 
        $400,000,000,000. No reduction of payments for net interest 
        (functional category 900) shall be made under any order issued 
        under this paragraph.
            ``(B) Section 255 of the Balanced Budget and Emergency 
        Deficit Control Act of 1985 shall not apply to this section, 
        except that payments for military personnel accounts (within 
        subfunctional category 051), TRICARE for Life, Medicare 
        (functional category 570), military retirement, Social Security 
        (functional category 650), veterans (functional category 700), 
        and net interest (functional category 900) shall be exempt.
    ``(g) Rules of House of Representatives and Senate.--This 
subsection and subsections (b), (c), (d), (e), and (f) are enacted by 
Congress--
            ``(1) as an exercise of the rulemaking power of the Senate 
        and House of Representatives, respectively, and as such it is 
        deemed a part of the rules of each House, respectively, but 
        applicable only with respect to the procedure to be followed in 
        that House in the case of a joint resolution, and it supersedes 
        other rules only to the extent that it is inconsistent with 
        such rules; and
            ``(2) with full recognition of the constitutional right of 
        either House to change the rules (so far as relating to the 
        procedure of that House) at any time, in the same manner, and 
        to the same extent as in the case of any other rule of that 
        House.''.

         TITLE IV--JOINT SELECT COMMITTEE ON DEFICIT REDUCTION

SEC. 401. ESTABLISHMENT OF JOINT SELECT COMMITTEE.

    (a) Definitions.--In this title:
            (1) Joint select committee.--The term ``joint committee'' 
        means the Joint Select Committee on Deficit Reduction 
        established under subsection (b)(1).
            (2) Joint select committee bill.--The term ``joint 
        committee bill'' means a bill consisting of the proposed 
        legislative language of the joint committee recommended under 
        subsection (b)(3)(B) and introduced under section 402(a).
    (b) Establishment of Joint Select Committee.--
            (1) Establishment.--There is established a joint select 
        committee of Congress to be known as the ``Joint Select 
        Committee on Deficit Reduction''.
            (2) Goal.--The goal of the joint committee shall be to 
        reduce the deficit by $1,800,000,000,000 or more over the 
        period of fiscal years 2012 to 2021.
            (3) Duties.--
                    (A) In general.--
                            (i) Improving the short-term and long-term 
                        fiscal imbalance.--The joint committee shall 
                        provide recommendations and legislative 
                        language that will significantly improve the 
                        short-term and long-term fiscal imbalance of 
                        the Federal Government.
                            (ii) Recommendations of committees.--Not 
                        later than October 14, 2011, each committee of 
                        the House of Representatives and the Senate may 
                        transmit to the joint committee its 
                        recommendations for changes in law to reduce 
                        the deficit consistent with the goal described 
                        in subsection (b)(2) for the joint committee's 
                        consideration.
                    (B) Report, recommendations, and legislative 
                language.--
                            (i) In general.--Not later than November 
                        23, 2011, the joint committee shall vote on--
                                    (I) a report that contains a 
                                detailed statement of the findings, 
                                conclusions, and recommendations of the 
                                joint committee and the CBO estimate 
                                required by paragraph (5)(D)(ii); and
                                    (II) proposed legislative language 
                                to carry out such recommendations as 
                                described in subclause (I) which shall 
                                include a statement of the deficit 
                                reduction achieved by the legislation 
                                over the period of fiscal years 2012 to 
                                2021.
                        Any change to the Rules of the House of 
                        Representatives or the Standing Rules of the 
                        Senate included in the report or legislative 
                        language shall be considered to be merely 
                        advisory.
                            (ii) Approval of report and legislative 
                        language.--The report of the joint committee 
                        and the proposed legislative language described 
                        in clause (i) shall require the approval of a 
                        majority of the members of the joint committee.
                            (iii) Additional views.--A member of the 
                        joint committee who gives notice of an 
                        intention to file supplemental, minority, or 
                        additional views at the time of final joint 
                        committee vote on the approval of the report 
                        and legislative language under clause (ii), 
                        shall be entitled to 3 calendar days in which 
                        to file such views in writing with the staff 
                        director of the joint committee. Such views 
                        shall then be included in the joint committee 
                        report and printed in the same volume, or part 
                        thereof, and their inclusion shall be noted on 
                        the cover of the report. In the absence of 
                        timely notice, the joint committee report may 
                        be printed and transmitted immediately without 
                        such views.
                            (iv) Transmission of report and legislative 
                        language.--If the report and legislative 
                        language are approved by the joint committee 
                        pursuant to clause (ii), then not later than 
                        December 2, 2011, the joint committee shall 
                        submit the joint committee report and 
                        legislative language described in clause (i) to 
                        the President, the Vice President, the Speaker 
                        of the House, and the Majority and Minority 
                        Leaders of both Houses.
                            (v) Report and legislative language to be 
                        made public.--Upon the approval or disapproval 
                        of the joint committee report and legislative 
                        language pursuant to clause (ii), the joint 
                        committee shall promptly make the full report 
                        and legislative language, and a record of the 
                        vote, available to the public.
            (4) Membership.--
                    (A) In general.--The joint committee shall be 
                composed of 12 members appointed pursuant to 
                subparagraph (B).
                    (B) Designation.--Members of the joint committee 
                shall be appointed as follows:
                            (i) The majority leader of the Senate shall 
                        appoint three members from among Members of the 
                        Senate.
                            (ii) The minority leader of the Senate 
                        shall appoint three members from among Members 
                        of the Senate.
                            (iii) The Speaker of the House of 
                        Representatives shall appoint three members 
                        from among Members of the House of 
                        Representatives.
                            (iv) The minority leader of the House of 
                        Representatives shall appoint three members 
                        from among Members of the House of 
                        Representatives.
                    (C) Co-chairs.--
                            (i) In general.--There shall be two Co-
                        Chairs of the joint committee. The majority 
                        leader of the Senate shall appoint one Co-Chair 
                        from among the members of the joint committee. 
                        The Speaker of the House of Representatives 
                        shall appoint the second Co-Chair from among 
                        the members of the joint committee. The Co-
                        Chairs shall be appointed not later than 14 
                        calendar days after the date of enactment of 
                        this section.
                            (ii) Staff director.--The Co-Chairs, acting 
                        jointly, shall hire the staff director of the 
                        joint committee.
                    (D) Date.--Members of the joint committee shall be 
                appointed not later than 14 calendar days after the 
                date of enactment of this section.
                    (E) Period of appointment.--Members shall be 
                appointed for the life of the joint committee. Any 
                vacancy in the joint committee shall not affect its 
                powers, but shall be filled not later than 14 calendar 
                days after the date on which the vacancy occurs in the 
                same manner as the original designation. If a member of 
                the committee leaves Congress, the member is no longer 
                a member of the joint committee and a vacancy shall 
                exist.
            (5) Administration.--
                    (A) In general.--To enable the joint committee to 
                exercise its powers, functions and duties, there are 
                authorized to be disbursed by the Senate the actual and 
                necessary expenses of the joint committee approved by 
                the co-chairs, subject to Senate rules and regulations.
                    (B) Expenses.--In carrying out its functions, the 
                joint committee is authorized to incur expenses in the 
                same manner and under the same conditions as the Joint 
                Economic Committee as authorized by section 11 of 
                Public Law 79-304 (15 U.S.C. 1024(d)).
                    (C) Quorum.--Seven members of the joint committee 
                shall constitute a quorum for purposes of voting, 
                meeting, and holding hearings.
                    (D) Voting.--
                            (i) Proxy voting.--No proxy voting shall be 
                        allowed on behalf of the members of the joint 
                        committee.
                            (ii) Congressional budget office 
                        estimates.--The Congressional Budget Office 
                        shall provide estimates of the legislation (as 
                        described in paragraph (3)(B)) in accordance 
                        with sections 308(a) and 201(f) of the 
                        Congressional Budget Act of 1974 (2 U.S.C. 
                        639(a) and 601(f)) (including estimates of the 
                        effect of interest payment on the debt). In 
                        addition, the Congressional Budget Office shall 
                        provide information on the budgetary effect of 
                        the legislation beyond the year 2021. The joint 
                        committee may not vote on any version of the 
                        report, recommendations, or legislative 
                        language unless such estimates are available 
                        for consideration by all members of the joint 
                        committee at least 48 hours prior to the vote 
                        as certified by the Co-Chairs.
                    (E) Meetings.--
                            (i) Initial meeting.--Not later than 45 
                        calendar days after the date of enactment of 
                        this section, the joint committee shall hold 
                        its first meeting.
                            (ii) Agenda.--The Co-Chairs shall provide 
                        an agenda to the joint committee members not 
                        less than 48 hours in advance of any meeting.
                    (F) Hearings.--
                            (i) In general.--The joint committee may, 
                        for the purpose of carrying out this section, 
                        hold such hearings, sit and act at such times 
                        and places, require attendance of witnesses and 
                        production of books, papers, and documents, 
                        take such testimony, receive such evidence, and 
                        administer such oaths the joint committee 
                        considers advisable.
                            (ii) Hearing procedures and 
                        responsibilities of co-chairs.--
                                    (I) Announcement.--The joint 
                                committee Co-Chairs shall make a public 
                                announcement of the date, place, time, 
                                and subject matter of any hearing to be 
                                conducted not less than 7 days in 
                                advance of such hearing, unless the Co-
                                Chairs determine that there is good 
                                cause to begin such hearing at an 
                                earlier date.
                                    (II) Written statement.--A witness 
                                appearing before the joint committee 
                                shall file a written statement of 
                                proposed testimony at least 2 calendar 
                                days prior to appearance, unless the 
                                requirement is waived by the Co-Chairs, 
                                following their determination that 
                                there is good cause for failure of 
                                compliance.
                    (G) Technical assistance.--Upon written request of 
                the Co-Chairs, a Federal agency shall provide technical 
                assistance to the joint committee in order for the 
                joint committee to carry out its duties.
    (c) Staff of Joint Committee.--
            (1) In general.--The Co-Chairs of the joint committee may 
        jointly appoint and fix the compensation of staff as they deem 
        necessary, within the guidelines for Senate employees and 
        following all applicable Senate rules and employment 
        requirements.
            (2) Ethical standards.--Members on the joint committee who 
        serve in the House of Representatives shall be governed by the 
        House ethics rules and requirements. Members of the Senate who 
        serve on the joint committee and staff of the joint committee 
        shall comply with Senate ethics rules.
    (d) Termination.--The joint committee shall terminate on January 
13, 2012.

SEC. 402. EXPEDITED CONSIDERATION OF JOINT COMMITTEE RECOMMENDATIONS.

    (a) Introduction.--If approved by the majority required by section 
401(b)(3)(B)(ii), the proposed legislative language submitted pursuant 
to section 401(b)(3)(B)(iv) shall be introduced in the Senate (by 
request) on the next day on which the Senate is in session by the 
majority leader of the Senate or by a Member of the Senate designated 
by the majority leader of the Senate and shall be introduced in the 
House of Representatives (by request) on the next legislative day by 
the majority leader of the House or by a Member of the House designated 
by the majority leader of the House.
    (b) Consideration in the House of Representatives.--
            (1) Referral and reporting.--Any committee of the House of 
        Representatives to which the joint committee bill is referred 
        shall report it to the House without amendment not later than 
        December 9, 2011. If a committee fails to report the joint 
        committee bill within that period, it shall be in order to move 
        that the House discharge the committee from further 
        consideration of the bill. Such a motion shall not be in order 
        after the last committee authorized to consider the bill 
        reports it to the House or after the House has disposed of a 
        motion to discharge the bill. The previous question shall be 
        considered as ordered on the motion to its adoption without 
        intervening motion except 20 minutes of debate equally divided 
        and controlled by the proponent and an opponent. If such a 
        motion is adopted, the House shall proceed immediately to 
        consider the joint committee bill in accordance with paragraphs 
        (2) and (3). A motion to reconsider the vote by which the 
        motion is disposed of shall not be in order.
            (2) Proceeding to consideration.--After the last committee 
        authorized to consider a joint committee bill reports it to the 
        House or has been discharged (other than by motion) from its 
        consideration, it shall be in order to move to proceed to 
        consider the joint committee bill in the House. Such a motion 
        shall not be in order after the House has disposed of a motion 
        to proceed with respect to the joint committee bill. The 
        previous question shall be considered as ordered on the motion 
        to its adoption without intervening motion. A motion to 
        reconsider the vote by which the motion is disposed of shall 
        not be in order.
            (3) Consideration.--The joint committee bill shall be 
        considered as read. All points of order against the joint 
        committee bill and against its consideration are waived. The 
        previous question shall be considered as ordered on the joint 
        committee bill to its passage without intervening motion except 
        2 hours of debate equally divided and controlled by the 
        proponent and an opponent and one motion to limit debate on the 
        joint committee bill. A motion to reconsider the vote on 
        passage of the joint committee bill shall not be in order.
            (4) Vote on passage.--The vote on passage of the joint 
        committee bill shall occur not later than December 23, 2011.
    (c) Expedited Procedure in the Senate.--
            (1) Committee consideration.--A joint committee bill 
        introduced in the Senate under subsection (a) shall be jointly 
        referred to the committee or committees of jurisdiction, which 
        committees shall report the bill without any revision and with 
        a favorable recommendation, an unfavorable recommendation, or 
        without recommendation, not later than December 9, 2011. If any 
        committee fails to report the bill within that period, that 
        committee shall be automatically discharged from consideration 
        of the bill, and the bill shall be placed on the appropriate 
        calendar.
            (2) Motion to proceed.--Notwithstanding Rule XXII of the 
        Standing Rules of the Senate, it is in order, not later than 2 
        days of session after the date on which a joint committee bill 
        is reported or discharged from all committees to which it was 
        referred, for the majority leader of the Senate or the majority 
        leader's designee to move to proceed to the consideration of 
        the joint committee bill. It shall also be in order for any 
        Member of the Senate to move to proceed to the consideration of 
        the joint committee bill at any time after the conclusion of 
        such 2-day period. A motion to proceed is in order even though 
        a previous motion to the same effect has been disagreed to. All 
        points of order against the motion to proceed to the joint 
        committee bill are waived. The motion to proceed is not 
        debatable. The motion is not subject to a motion to postpone. 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 the joint committee bill is agreed to, 
        the joint committee bill shall remain the unfinished business 
        until disposed of.
            (3) Consideration.--All points of order against the joint 
        committee bill and against consideration of the joint committee 
        bill are waived. Consideration of the joint committee bill and 
        of all debatable motions and appeals in connection therewith 
        shall not exceed a total of 30 hours which shall be divided 
        equally between the Majority and Minority Leaders or their 
        designees. A motion further to limit debate on the joint 
        committee bill is in order, shall require an affirmative vote 
        of three-fifths of the Members duly chosen and sworn, and is 
        not debatable. Any debatable motion or appeal is debatable for 
        not to exceed 1 hour, to be divided equally between those 
        favoring and those opposing the motion or appeal. All time used 
        for consideration of the joint committee bill, including time 
        used for quorum calls and voting, shall be counted against the 
        total 30 hours of consideration.
            (4) No amendments.--An amendment to the joint committee 
        bill, or a motion to postpone, or a motion to proceed to the 
        consideration of other business, or a motion to recommit the 
        joint committee bill, is not in order.
            (5) Vote on passage.--If the Senate has voted to proceed to 
        the joint committee bill, the vote on passage of the joint 
        committee bill shall occur immediately following the conclusion 
        of the debate on a joint committee bill, and a single quorum 
        call at the conclusion of the debate if requested. The vote on 
        passage of the joint committee bill shall occur not later than 
        December 23, 2011.
            (6) Rulings of the chair on procedure.--Appeals from the 
        decisions of the Chair relating to the application of the rules 
        of the Senate, as the case may be, to the procedure relating to 
        a joint committee bill shall be decided without debate.
    (d) Amendment.--The joint committee bill shall not be subject to 
amendment in either the House of Representatives or the Senate.
    (e) Consideration by the Other House.--
            (1) In general.--If, before passing the joint committee 
        bill, one House receives from the other a joint committee 
        bill--
                    (A) the joint committee bill of the other House 
                shall not be referred to a committee; and
                    (B) the procedure in the receiving House shall be 
                the same as if no joint committee bill had been 
                received from the other House until the vote on 
                passage, when the joint committee bill received from 
                the other House shall supplant the joint committee bill 
                of the receiving House.
            (2) Revenue measure.--This subsection shall not apply to 
        the House of Representatives if the joint committee bill 
        received from the Senate is a revenue measure.
    (f) Rules to Coordinate Action With Other House.--
            (1) Treatment of joint committee bill of other house.--If 
        the Senate fails to introduce or consider a joint committee 
        bill under this section, the joint committee bill of the House 
        shall be entitled to expedited floor procedures under this 
        section.
            (2) Treatment of companion measures in the senate.--If 
        following passage of the joint committee bill in the Senate, 
        the Senate then receives the joint committee bill from the 
        House of Representatives, the House-passed joint committee bill 
        shall not be debatable. The vote on passage of the joint 
        committee bill in the Senate shall be considered to be the vote 
        on passage of the joint committee bill received from the House 
        of Representatives.
            (3) Vetoes.--If the President vetoes the joint committee 
        bill, debate on a veto message in the Senate under this section 
        shall be 1 hour equally divided between the majority and 
        minority leaders or their designees.
    (g) Loss of Privilege.--The provisions of this section shall cease 
to apply to the joint committee bill if--
            (1) the joint committee fails to vote on the report or 
        proposed legislative language required under section 
        201(b)(3)(B)(i) by November 23, 2011; or
            (2) the joint committee bill does not pass both Houses by 
        December 23, 2011.

SEC. 403. FUNDING.

    Funding for the joint committee shall be derived in equal portions 
from--
            (1) the applicable accounts of the House of 
        Representatives; and
            (2) the contingent fund of the Senate from the 
        appropriations account ``Miscellaneous Items'', subject to 
        Senate rules and regulations.

SEC. 404. RULEMAKING.

    The provisions of this title are enacted by Congress--
            (1) as an exercise of the rulemaking power of the House of 
        Representatives and the Senate, respectively, and as such they 
        shall be considered as part of the rules of each House, 
        respectively, or of that House to which they specifically 
        apply, and such rules shall supersede other rules only to the 
        extent that they are inconsistent therewith; and
            (2) with full recognition of the constitutional right of 
        either House to change such rules (so far as relating to such 
        House) at any time, in the same manner, and to the same extent 
        as in the case of any other rule of such House.

          TITLE V--PELL GRANT AND STUDENT LOAN PROGRAM CHANGES

SEC. 501. FEDERAL PELL GRANTS.

    Section 401(b)(7)(A)(iv) of the Higher Education Act of 1965 (20 
U.S.C. 1070a(b)(7)(A)(iv)) is amended--
            (1) in subclause (II), by striking ``$3,183,000,000'' and 
        inserting ``$12,183,000,000''; and
            (2) in subclause (III), by striking ``$0'' and inserting 
        ``$8,000,000,000''.

SEC. 502. TERMINATION OF AUTHORITY TO MAKE INTEREST SUBSIDIZED LOANS TO 
              GRADUATE AND PROFESSIONAL STUDENTS.

    Section 455(a) of the Higher Education Act of 1965 (20 U.S.C. 
1087e(a)) is amended by adding at the end the following new paragraph:
            ``(3) Termination of authority to make interest subsidized 
        loans to graduate and professional students.--
                    ``(A) In general.--Subject to subparagraph (B) and 
                notwithstanding any provision of this part or part B, 
                for any period of instruction beginning on or after 
                July 1, 2012--
                            ``(i) a graduate or professional student 
                        shall not be eligible to receive a Federal 
                        Direct Stafford loan under this part; and
                            ``(ii) the maximum annual amount of Federal 
                        Direct Unsubsidized Stafford loans such a 
                        student may borrow in any academic year (as 
                        defined in section 481(a)(2)) or its equivalent 
                        shall be the maximum annual amount for such 
                        student determined under section 428H, plus an 
                        amount equal to the amount of Federal Direct 
                        Stafford loans the student would have received 
                        in the absence of this subparagraph.
                    ``(B) Exception.--Subparagraph (A) shall not apply 
                to an individual enrolled in course work specified in 
                paragraph (3)(B) or (4)(B) of section 484(b).''.

SEC. 503. TERMINATION OF DIRECT LOAN REPAYMENT INCENTIVES.

    Section 455(b)(8) of the Higher Education Act of 1965 (20 U.S.C. 
1087e(b)(8)) is amended--
            (1) in subparagraph (A)--
                    (A) by amending the header to read as follows: 
                ``(A) incentives for loans disbursed before july 1, 
                2012.--''; and
                    (B) by inserting ``with respect to loans for which 
                the first disbursement of principal is made before July 
                1, 2012,'' after ``of this part'';
            (2) in subparagraph (B), by inserting ``with respect to 
        loans for which the first disbursement of principal is made 
        before July 1, 2012'' after ``repayment incentives''; and
            (3) by adding at the end the following new subparagraph:
                    ``(C) No repayment incentives for new loans 
                disbursed on or after july 1, 2012.--Notwithstanding 
                any other provision of this part, the Secretary is 
                prohibited from authorizing or providing any repayment 
                incentive not otherwise authorized under this part to 
                encourage on-time repayment of a loan under this part 
                for which the first disbursement of principal is made 
                on or after July 1, 2012, including any reduction in 
                the interest or origination fee rate paid by a borrower 
                of such a loan, except that the Secretary may provide 
                for an interest rate reduction for a borrower who 
                agrees to have payments on such a loan automatically 
                electronically debited from a bank account.''.

SEC. 504. INAPPLICABILITY OF TITLE IV NEGOTIATED RULEMAKING AND MASTER 
              CALENDAR EXCEPTION.

    Sections 482(c) and 492 of the Higher Education Act of 1965 (20 
U.S.C. 1089(c), 1098a) shall not apply to the amendments made by this 
title, or to any regulations promulgated under those amendments.

            Attest:

                                                                 Clerk.
112th CONGRESS

  1st Session

                                 S. 627

_______________________________________________________________________

                               AMENDMENT
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