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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. Con. Res. 20 Placed on Calendar Senate (PCS)]

                                                        Calendar No. 63
112th CONGRESS
  1st Session
S. CON. RES. 20

Setting forth the congressional budget for the United States Government 
for fiscal year 2012 and setting forth the appropriate budgetary levels 
                  for fiscal years 2013 through 2016.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                              May 19, 2011

   Mr. Paul submitted the following concurrent resolution; which was 
referred to the Committee on the Budget; committee discharged pursuant 
   to Section 300 of the Congressional Budget Act and placed on the 
                                calendar

_______________________________________________________________________

                         CONCURRENT RESOLUTION

 
Setting forth the congressional budget for the United States Government 
for fiscal year 2012 and setting forth the appropriate budgetary levels 
                  for fiscal years 2013 through 2016.

    Resolved by the Senate (the House of Representatives concurring),

SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2012.

    (a) Declaration.--Congress declares that this resolution is the 
concurrent resolution on the budget for fiscal year 2012 and that this 
resolution sets forth the appropriate budgetary levels for fiscal years 
2013 through 2016.
    (b) Table of Contents.--The table of contents for this concurrent 
resolution is as follows:

Sec. 1. Concurrent resolution on the budget for fiscal year 2012.
                TITLE I--RECOMMENDED LEVELS AND AMOUNTS

Sec. 101. Recommended levels and amounts.
Sec. 102. Social Security.
Sec. 103. Major functional categories.
                        TITLE II--RESERVE FUNDS

Sec. 201. Deficit-reduction reserve fund for the sale of unused or 
                            vacant Federal properties.
Sec. 202. Deficit-reduction reserve fund for selling excess Federal 
                            lands.
Sec. 203. Deficit-reduction reserve fund for the repeal of davis-bacon 
                            prevailing wage laws.
Sec. 204. Deficit-reduction reserve fund for the reduction of 
                            purchasing and maintaining Federal 
                            vehicles.
Sec. 205. Deficit-reduction reserve fund for the sale of financial 
                            assets purchased through the troubled asset 
                            relief program.
                       TITLE III--BUDGET PROCESS

                     Subtitle A--Budget Enforcement

Sec. 301. Discretionary spending limits for fiscal years 2012 through 
                            2016 and other adjustments.
Sec. 302. Point of order against advance appropriations.
Sec. 303. Emergency legislation.
Sec. 304. Adjustments for the extension of certain current policies.
                      Subtitle B--Other Provisions

Sec. 311. Oversight of government performance.
Sec. 312. Application and effect of changes in allocations and 
                            aggregates.
Sec. 313. Adjustments to reflect changes in concepts and definitions.
Sec. 314. Budgetary treatment of certain discretionary administrative 
                            expenses.
Sec. 315. Exercise of rulemaking powers.
                        TITLE IV--RECONCILIATION

Sec. 401. Reconciliation in the Senate.
                   TITLE V--LONG-TERM POLICY CHANGES

Sec. 501. Policy statement on Social Security.
Sec. 502. Policy statement on medicare.
Sec. 503. Rescind unspent or unobligated balances after 36 months.

                TITLE I--RECOMMENDED LEVELS AND AMOUNTS

SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.

    The following budgetary levels are appropriate for each of fiscal 
years 2012 through 2016:
            (1) Federal revenues.--For purposes of the enforcement of 
        this resolution:
                    (A) The recommended levels of Federal revenues are 
                as follows:
    Fiscal year 2012: $1,887,000,000,000.
    Fiscal year 2013: $2,393,000,000,000.
    Fiscal year 2014: $2,713,000,000,000.
    Fiscal year 2015: $2,882,000,000,000.
    Fiscal year 2016: $3,072,000,000,000.
                    (B) The amounts by which the aggregate levels of 
                Federal revenues should be changed are as follows:
    Fiscal year 2012: -$8,000,000,000.
    Fiscal year 2013: -$335,000,000,000.
    Fiscal year 2014: -$354,000,000,000.
    Fiscal year 2015: -$407,000,000,000.
    Fiscal year 2016: -$383,000,000,000.
            (2) New budget authority.--For purposes of the enforcement 
        of this resolution, the appropriate levels of total new budget 
        authority are as follows:
    Fiscal year 2012: $121,837,000,000.
    Fiscal year 2013: $3,141,382,000,000.
    Fiscal year 2014: $3,220,465,000,000.
    Fiscal year 2015: $3,420,302,000,000.
    Fiscal year 2016: $3,480,625,000,000.
            (3) Budget outlays.--For purposes of the enforcement of 
        this resolution, the appropriate levels of total budget outlays 
        are as follows:
    Fiscal year 2012: $3,121,905,000,000.
    Fiscal year 2013: $3,141,404,000,000.
    Fiscal year 2014: $3,227,408,000,000.
    Fiscal year 2015: $3,359,695,000,000.
    Fiscal year 2016: $3,430,259,000,000.
            (4) Deficits.--For purposes of the enforcement of this 
        resolution, the amounts of the deficits are as follows:
    Fiscal year 2012: $574,000,000,000.
    Fiscal year 2013: $386,000,000,000.
    Fiscal year 2014: $139,000,000,000.
    Fiscal year 2015: $116,000,000,000.
    Fiscal year 2016: $19,000,000,000.
            (5) Public debt.--Pursuant to section 301(a)(5) of the 
        Congressional Budget Act of 1974, the appropriate levels of the 
        public debt are as follows:
    Fiscal year 2012: $15,842,000,000,000.
    Fiscal year 2013: $16,842,000,000,000.
    Fiscal year 2014: $16,902,000,000,000.
    Fiscal year 2015: $17,310,000,000,000.
    Fiscal year 2016: $17,583,000,000,000.
            (6) Debt held by the public.--The appropriate levels of 
        debt held by the public are as follows:
    Fiscal year 2012: $11,051,000,000,000.
    Fiscal year 2013: $11,532,000,000,000.
    Fiscal year 2014: $11,748,000,000,000.
    Fiscal year 2015: $11,942,000,000,000.
    Fiscal year 2016: $11,997,000,000,000.

SEC. 102. SOCIAL SECURITY.

    (a) Social Security Revenues.--For purposes of Senate enforcement 
under sections 302 and 311 of the Congressional Budget Act of 1974, the 
amounts of revenues of the Federal Old-Age and Survivors Insurance 
Trust Fund and the Federal Disability Insurance Trust Fund are as 
follows:
    Fiscal year 2012: $668,000,000,000.
    Fiscal year 2013: $732,000,000,000.
    Fiscal year 2014: $769,000,000,000.
    Fiscal year 2015: $811,000,000,000.
    Fiscal year 2016: $855,000,000,000.
    (b) Social Security Outlays.--For purposes of Senate enforcement 
under sections 302 and 311 of the Congressional Budget Act of 1974, the 
amounts of outlays of the Federal Old-Age and Survivors Insurance Trust 
Fund and the Federal Disability Insurance Trust Fund are as follows:
    Fiscal year 2012: $761,225,000,000.
    Fiscal year 2013: $799,376,000,000.
    Fiscal year 2014: $842,112,000,000.
    Fiscal year 2015: $888,722,000,000.
    Fiscal year 2016: $939,834,000,000.
    (c) Social Security Administrative Expenses.--In the Senate, the 
amounts of new budget authority and budget outlays of the Federal Old-
Age and Survivors Insurance Trust Fund and the Federal Disability 
Insurance Trust Fund for administrative expenses are as follows:
            Fiscal year 2012:
                    (A) New budget authority, $6,181,000,000.
                    (B) Outlays, $6,130,000,000.
            Fiscal year 2013:
                    (A) New budget authority, $6,486,000,000.
                    (B) Outlays, $6,437,000,000.
            Fiscal year 2014:
                    (A) New budget authority, $6,813,000,000.
                    (B) Outlays, $6,759,000,000.
            Fiscal year 2015:
                    (A) New budget authority, $7,148,000,000.
                    (B) Outlays, $7,094,000,000.
            Fiscal year 2016:
                    (A) New budget authority, $7,514,000,000.
                    (B) Outlays, $7,455,000,000.

SEC. 103. MAJOR FUNCTIONAL CATEGORIES.

    Congress determines and declares that the appropriate levels of new 
budget authority and outlays for fiscal years 2012 through 2016 for 
each major functional category are:
            (1) National Defense (050):
                    Fiscal year 2012:
                    (A) New budget authority, $636,410,000,000.
                    (B) Outlays, $641,844,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $573,332,000,000.
                    (B) Outlays, $585,683,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $534,771,000,000.
                    (B) Outlays, $554,697,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $546,422,000,000.
                    (B) Outlays, $546,865,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $553,892,000,000.
                    (B) Outlays, $548,400,000,000.
            (2) International Affairs (150):
                    Fiscal year 2012:
                    (A) New budget authority, $12,334,000,000.
                    (B) Outlays, $22,285,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $9,657,000,000.
                    (B) Outlays, $15,457,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $8,603,000,000.
                    (B) Outlays, $13,457,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $9,083,000,000.
                    (B) Outlays, $12,455,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $10,361,000,000.
                    (B) Outlays, $12,951,000,000.
            (3) General Science, Space, and Technology (250):
                    Fiscal year 2012:
                    (A) New budget authority, $19,605,000,000.
                    (B) Outlays, $19,471,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $19,923,000,000.
                    (B) Outlays, $19,428,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $20,279,000,000.
                    (B) Outlays, $19,875,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $20,682,000,000.
                    (B) Outlays, $19,725,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $21,134,000,000.
                    (B) Outlays, $19,140,000,000.
            (4) Energy (270):
                    Fiscal year 2012:
                    (A) New budget authority, $5,942,000,000.
                    (B) Outlays, $6,094,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $4,686,000,000.
                    (B) Outlays, $3,966,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $3,720,000,000.
                    (B) Outlays, $2,951,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $2,327,000,000.
                    (B) Outlays, $1,421,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $1,760,000,000.
                    (B) Outlays, $893,000,000.
            (5) Natural Resources and Environment (300):
                    Fiscal year 2012:
                    (A) New budget authority, $24,276,000,000.
                    (B) Outlays, $24,783,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $23,872,000,000.
                    (B) Outlays, $23,860,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $24,452,000,000.
                    (B) Outlays, $24,027,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $24,548,000,000.
                    (B) Outlays, $22,826,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $25,269,000,000.
                    (B) Outlays, $23,465,000,000.
            (6) Agriculture (350):
                    Fiscal year 2012:
                    (A) New budget authority, $14,120,000,000.
                    (B) Outlays, $11,501,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $14,874,000,000.
                    (B) Outlays, $15,703,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $15,404,000,000.
                    (B) Outlays, $14,806,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $14,848,000,000.
                    (B) Outlays, $13,846,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $15,109,000,000.
                    (B) Outlays, $14,125,000,000.
            (7) Commerce and Housing Credit (370):
                    Fiscal year 2012:
                    (A) New budget authority, $21,582,000,000.
                    (B) Outlays, $23,499,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $17,262,000,000.
                    (B) Outlays, $13,611,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $14,921,000,000.
                    (B) Outlays, $234,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $14,876,000,000.
                    (B) Outlays, $350,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $14,918,000,000.
                    (B) Outlays, $3,057,000,000.
            (8) Transportation (400):
                    Fiscal year 2012:
                    (A) New budget authority, $90,515,000,000.
                    (B) Outlays, $84,481,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $79,729,000,000.
                    (B) Outlays, $79,444,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $83,729,000,000.
                    (B) Outlays, $77,589,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $83,529,000,000.
                    (B) Outlays, $77,973,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $83,349,000,000.
                    (B) Outlays, $77,882,000,000.
            (9) Community and Regional Development (450):
                    Fiscal year 2012:
                    (A) New budget authority, $12,089,000,000.
                    (B) Outlays, $11,846,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $12,145,000,000.
                    (B) Outlays, $12,664,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $12,328,000,000.
                    (B) Outlays, $12,704,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $12,291,000,000.
                    (B) Outlays, $11,257,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $12,952,000,000.
                    (B) Outlays, $11,665,000,000.
            (10) Education, Training, Employment, and Social Services 
        (500):
                    Fiscal year 2012:
                    (A) New budget authority, $43,956,000,000.
                    (B) Outlays, $53,666,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $44,928,000,000.
                    (B) Outlays, $47,304,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $43,620,000,000.
                    (B) Outlays, $43,723,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $43,852,000,000.
                    (B) Outlays, $40,908,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $44,731,000,000.
                    (B) Outlays, $41,328,000,000.
            (11) Health (550):
                    Fiscal year 2012:
                    (A) New budget authority, $324,266,000,000.
                    (B) Outlays, $318,273,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $327,445,000,000.
                    (B) Outlays, $317,497,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $308,851,000,000.
                    (B) Outlays, $321,320,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $342,220,000,000.
                    (B) Outlays, $325,147,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $328,851,000,000.
                    (B) Outlays, $328,971,000,000.
            (12) Medicare (570):
                    Fiscal year 2012:
                    (A) New budget authority, $473,609,000,000.
                    (B) Outlays, $473,556,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $522,624,000,000.
                    (B) Outlays, $522,902,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $585,031,000,000.
                    (B) Outlays, $584,986,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $620,383,000,000.
                    (B) Outlays, $620,136,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $681,750,000,000.
                    (B) Outlays, $682,111,000,000.
            (13) Income Security (600):
                    Fiscal year 2012:
                    (A) New budget authority, $362,036,000,000.
                    (B) Outlays, $364,046,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $347,677,000,000.
                    (B) Outlays, $347,144,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $349,970,000,000.
                    (B) Outlays, $347,342,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $351,877,000,000.
                    (B) Outlays, $347,489,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $359,279,000,000.
                    (B) Outlays, $359,419,000,000.
            (14) Social Security (650):
                    Fiscal year 2012:
                    (A) New budget authority, $54,439,000,000.
                    (B) Outlays, $54,624,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $29,096,000,000.
                    (B) Outlays, $29,256,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $32,701,000,000.
                    (B) Outlays, $32,776,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $36,261,000,000.
                    (B) Outlays, $36,311,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $40,171,000,000.
                    (B) Outlays, $40,171,000,000.
            (15) Veterans Benefits and Services (700):
                    Fiscal year 2012:
                    (A) New budget authority, $121,854,000,000.
                    (B) Outlays, $121,052,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $128,939,000,000.
                    (B) Outlays, $128,937,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $132,589,000,000.
                    (B) Outlays, $132,599,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $136,144,000,000.
                    (B) Outlays, $130,583,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $145,012,000,000.
                    (B) Outlays, $139,264,000,000.
            (16) Administration of Justice (750):
                    Fiscal year 2012:
                    (A) New budget authority, $48,716,000,000.
                    (B) Outlays, $39,406,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $44,016,000,000.
                    (B) Outlays, $42,321,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $44,528,000,000.
                    (B) Outlays, $44,127,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $45,211,000,000.
                    (B) Outlays, $42,602,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $48,251,000,000.
                    (B) Outlays, $45,423,000,000.
            (17) General Government (800):
                    Fiscal year 2012:
                    (A) New budget authority, $24,055,000,000.
                    (B) Outlays, $22,616,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $23,812,000,000.
                    (B) Outlays, $22,788,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $24,030,000,000.
                    (B) Outlays, $23,757,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $24,315,000,000.
                    (B) Outlays, $23,303,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $24,537,000,000.
                    (B) Outlays, $23,546,000,000.
            (18) Net Interest (900):
                    Fiscal year 2012:
                    (A) New budget authority, $250,328,000,000.
                    (B) Outlays, $250,328,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $284,497,000,000.
                    (B) Outlays, $284,497,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $325,920,000,000.
                    (B) Outlays, $325,920,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $406,639,000,000.
                    (B) Outlays, $406,639,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $449,223,000,000.
                    (B) Outlays, $449,223,000,000.
            (19) Allowances (920):
                    Fiscal year 2012:
                    (A) New budget authority, $43,100,000,000.
                    (B) Outlays, $43,100,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $51,696,000,000.
                    (B) Outlays, $51,696,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $65,706,000,000.
                    (B) Outlays, $65,706,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $73,630,000,000.
                    (B) Outlays, $73,630,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $176,769,000,000.
                    (B) Outlays, $176,769,000,000.
            (20) Undistributed Offsetting Receipts (950):
                    Fiscal year 2012:
                    (A) New budget authority, $91,066,000,000.
                    (B) Outlays, $91,066,000,000.
                    Fiscal year 2013:
                    (A) New budget authority, $95,337,000,000.
                    (B) Outlays, $95,337,000,000.
                    Fiscal year 2014:
                    (A) New budget authority, $98,817,000,000.
                    (B) Outlays, $98,817,000,000.
                    Fiscal year 2015:
                    (A) New budget authority, $104,737,000,000.
                    (B) Outlays, $104,737,000,000.
                    Fiscal year 2016:
                    (A) New budget authority, $114,106,000,000.
                    (B) Outlays, $114,106,000,000.

                        TITLE II--RESERVE FUNDS

SEC. 201. DEFICIT-REDUCTION RESERVE FUND FOR THE SALE OF UNUSED OR 
              VACANT FEDERAL PROPERTIES.

    The Chairman of the Committee on the Budget of the Senate may 
reduce the allocations of a committee or committees, aggregates, and 
other appropriate levels and limits in this resolution for one or more 
bills, joint resolutions, amendments, motions, or conference reports 
that achieve savings by selling any unused or vacant Federal 
properties. The Chairman may also make adjustments to the Senate's pay-
as-you-go ledger over 5 years to ensure that the deficit reduction 
achieved is used for deficit reduction only. The adjustments authorized 
under this section shall be of the amount of deficit reduction 
achieved.

SEC. 202. DEFICIT-REDUCTION RESERVE FUND FOR SELLING EXCESS FEDERAL 
              LANDS.

    The Chairman of the Committee on the Budget of the Senate may 
reduce the allocations of a committee or committees, aggregates, and 
other appropriate levels and limits in this resolution for one or more 
bills, joint resolutions, amendments, motions, or conference reports 
from savings achieved by selling any excess Federal lands. The Chairman 
may also make adjustments to the Senate's pay-as-you-go ledger over 5 
years to ensure that the deficit reduction achieved is used for deficit 
reduction only. The adjustments authorized under this section shall be 
of the amount of deficit reduction achieved.

SEC. 203. DEFICIT-REDUCTION RESERVE FUND FOR THE REPEAL OF DAVIS-BACON 
              PREVAILING WAGE LAWS.

    The Chairman of the Committee on the Budget of the Senate may 
reduce the allocations of a committee or committees, aggregates, and 
other appropriate levels and limits in this resolution for one or more 
bills, joint resolutions, amendments, motions, or conference reports 
from savings achieved by repealing the Davis-Bacon prevailing wage 
laws. The Chairman may also make adjustments to the Senate's pay-as-
you-go ledger over 5 years to ensure that the deficit reduction 
achieved is used for deficit reduction only. The adjustments authorized 
under this section shall be of the amount of deficit reduction 
achieved.

SEC. 204. DEFICIT-REDUCTION RESERVE FUND FOR THE REDUCTION OF 
              PURCHASING AND MAINTAINING FEDERAL VEHICLES.

    The Chairman of the Committee on the Budget of the Senate may 
reduce the allocations of a committee or committees, aggregates, and 
other appropriate levels and limits in this resolution for one or more 
bills, joint resolutions, amendments, motions, or conference reports 
that achieve savings by reducing the Federal vehicles fleet. The 
Chairman may also make adjustments to the Senate's pay-as-you-go ledger 
over 5 years to ensure that the deficit reduction achieved is used for 
deficit reduction only. The adjustments authorized under this section 
shall be of the amount of deficit reduction achieved.

SEC. 205. DEFICIT-REDUCTION RESERVE FUND FOR THE SALE OF FINANCIAL 
              ASSETS PURCHASED THROUGH THE TROUBLED ASSET RELIEF 
              PROGRAM.

    The Chairman of the Committee on the Budget of the Senate may 
reduce the allocations of a committee or committees, aggregates, and 
other appropriate levels and limits in this resolution for one or more 
bills, joint resolutions, amendments, motions, or conference reports 
that achieve savings by selling financial instruments and equity 
accumulated through the Troubled Asset Relief Program. The Chairman may 
also make adjustments to the Senate's pay-as-you-go ledger over 5 years 
to ensure that the deficit reduction achieved is used for deficit 
reduction only. The adjustments authorized under this section shall be 
of the amount of deficit reduction achieved.

                       TITLE III--BUDGET PROCESS

                     Subtitle A--Budget Enforcement

SEC. 301. DISCRETIONARY SPENDING LIMITS FOR FISCAL YEARS 2012 THROUGH 
              2016 AND OTHER ADJUSTMENTS.

    (a) Senate Point of Order.--
            (1) In general.--Except as otherwise provided in this 
        section, it shall not be in order in the Senate to proceed to 
        or consider any bill, joint resolution, or concurrent 
        resolution (or amendment, motion, or conference report on that 
        bill, joint resolution, or concurrent resolution, and 
        amendments between houses) that would cause the discretionary 
        spending limits in this section to be exceeded.
            (2) Supermajority waiver and appeals.--
                    (A) Waiver.--This subsection may be waived or 
                suspended in the Senate only by the affirmative vote of 
                two-thirds of the Members, duly chosen and sworn.
                    (B) Appeals.--Appeals in the Senate from the 
                decisions of the Chair relating to any provision of 
                this subsection shall be limited to 1 hour, to be 
                equally divided between, and controlled by, the 
                appellant and the manager of the bill or joint 
                resolution. An affirmative vote of two-thirds of the 
                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.
    (b) Senate Discretionary Spending Limits.--In the Senate and as 
used in this section, the term ``discretionary spending limit'' means--
            (1) for fiscal year 2012, $844,373,000,000 in new budget 
        authority and $915,138,000,000 in outlays;
            (2) for fiscal year 2013, $848,710,000,000 in new budget 
        authority and $908,598,000,000 in outlays;
            (3) for fiscal year 2014, $872,652,000,000 in new budget 
        authority and $926,155,000,000 in outlays;
            (4) for fiscal year 2015, $891,546,,000,000 in new budget 
        authority and $903,680,000,000 in outlays;
            (5) for fiscal year 2016, $907,553,000,000 in new budget 
        authority and $910,501,000,000 in outlays;
as adjusted in conformance with the adjustment procedures in subsection 
(c).
    (c) Adjustments in the Senate.--
            (1) In general.--After the reporting of a bill or joint 
        resolution relating to any matter described in paragraph (2), 
        or the offering of an amendment or motion thereto or the 
        submission of a conference report thereon--
                    (A) the Chairman of the Committee on the Budget of 
                the Senate may adjust the discretionary spending 
                limits, budgetary aggregates, and allocations pursuant 
                to section 302(a) of the Congressional Budget Act of 
                1974, by the amount of new budget authority in that 
                measure for that purpose and the outlays flowing 
                therefrom; and
                    (B) following any adjustment under subparagraph 
                (A), the Committee on Appropriations of the Senate may 
                report appropriately revised suballocations pursuant to 
                section 302(b) of the Congressional Budget Act of 1974 
                to carry out this subsection.
            (2) Adjustments to support ongoing overseas deployments and 
        other activities.--
                    (A) Adjustments.--The Chairman of the Committee on 
                the Budget of the Senate may adjust the discretionary 
                spending limits, allocations to the Committee on 
                Appropriations of the Senate, and aggregates for one or 
                more--
                            (i) bills reported by the Committee on 
                        Appropriations of the Senate or passed by the 
                        House of Representatives;
                            (ii) joint resolutions or amendments 
                        reported by the Committee on Appropriations of 
                        the Senate;
                            (iii) amendments between the Houses 
                        received from the House of Representatives or 
                        Senate amendments offered by the authority of 
                        the Committee on Appropriations of the Senate; 
                        or
                            (iv) conference reports;
                making appropriations for overseas deployments and 
                other activities in the amounts specified in 
                subparagraph (B).
                    (B) Amounts specified.--The amounts specified are--
                            (i) for fiscal year 2012, $117,000,000,000 
                        in new budget authority and the outlays flowing 
                        therefrom;
                            (ii) for fiscal year 2013, $50,000,000,000 
                        in new budget authority and the outlays flowing 
                        therefrom;
                            (iii) for fiscal year 2014, $0 in new 
                        budget authority and the outlays flowing 
                        therefrom;
                            (iv) for fiscal year 2015, $0 in new budget 
                        authority and the outlays flowing therefrom; 
                        and
                            (v) for fiscal year 2016, $0 in new budget 
                        authority and the outlays flowing therefrom;

SEC. 302. POINT OF ORDER AGAINST ADVANCE APPROPRIATIONS.

    (a) Point of Order.--It shall not be in order in the Senate to 
proceed to or consider any bill, joint resolution, concurrent 
resolution, motion, amendment, or conference report that would provide 
an advance appropriation.
    (b) Definition.--In this section, the term ``advance 
appropriation'' means any new budget authority provided in a bill or 
joint resolution making appropriations for fiscal year 2012 that first 
becomes available for any fiscal year after 2012, or any new budget 
authority provided in a bill or joint resolution making general 
appropriations or continuing appropriations for fiscal year 2013, that 
first becomes available for any fiscal year after 2013.
    (c) Supermajority Waiver and Appeals.--
            (1) Waiver.--Subsection (a) may be waived or suspended in 
        the Senate only by an affirmative vote of two-thirds of the 
        Members, duly chosen and sworn.
            (2) Appeals.--Appeals in the Senate from the decisions of 
        the Chair relating to any provision of this subsection shall be 
        limited to 1 hour, to be equally divided between, and 
        controlled by, the appellant and the manager of the bill or 
        joint resolution, as the case may be. An affirmative vote of 
        two-thirds of the 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.

SEC. 303. EMERGENCY LEGISLATION.

    (a) Authority to Designate.--In the Senate, with respect to a 
provision of direct spending or receipts legislation or appropriations 
for discretionary accounts that Congress designates as an emergency 
requirement in such measure, the amounts of new budget authority, 
outlays, and receipts in all fiscal years resulting from that provision 
shall be treated as an emergency requirement for the purpose of this 
section.
    (b) Exemption of Emergency Provisions.--Any new budget authority, 
outlays, and receipts resulting from any provision designated as an 
emergency requirement, pursuant to this section, in any bill, joint 
resolution, concurrent resolution, amendment, or conference report 
shall not count for purposes of sections 302 and 311 of the 
Congressional Budget Act of 1974, section 201 of S. Con. Res. 21 (110th 
Congress) (relating to pay-as-you-go), section 311 of S. Con. Res. 70 
(110th Congress) (relating to long-term deficits), and section 404 of 
S. Con. Res. 13 (111th Congress) (relating to short-term deficits), and 
section 301 of this resolution (relating to discretionary spending). 
Designated emergency provisions shall not count for the purpose of 
revising allocations, aggregates, or other levels pursuant to 
procedures established under section 301(b)(7) of the Congressional 
Budget Act of 1974 for deficit-neutral reserve funds and revising 
discretionary spending limits set pursuant to section 301 of this 
resolution.
    (c) Designations.--If a provision of legislation is designated as 
an emergency requirement under this section, the committee report and 
any statement of managers accompanying that legislation shall include 
an explanation of the manner in which the provision meets the criteria 
in subsection (f).
    (d) Definitions.--In this section, the terms ``direct spending'', 
``receipts'', and ``appropriations for discretionary accounts'' mean 
any provision of a bill, joint resolution, amendment, motion, or 
conference report that affects direct spending, receipts, or 
appropriations as those terms have been defined and interpreted for 
purposes of the Balanced Budget and Emergency Deficit Control Act of 
1985.
    (e) Point of Order.--
            (1) In general.--When the Senate is considering a bill, 
        resolution, amendment, motion, or conference report, if a point 
        of order is made by a Senator against an emergency designation 
        in that measure, that provision making such a designation shall 
        be stricken from the measure and may not be offered as an 
        amendment from the floor.
            (2) Supermajority waiver and appeals.--
                    (A) Waiver.--Paragraph (1) may be waived or 
                suspended in the Senate only by an affirmative vote of 
                two-thirds of the Members, duly chosen and sworn.
                    (B) Appeals.--Appeals in the Senate from the 
                decisions of the Chair relating to any provision of 
                this subsection shall be limited to 1 hour, to be 
                equally divided between, and controlled by, the 
                appellant and the manager of the bill or joint 
                resolution, as the case may be. An affirmative vote of 
                two-thirds of the 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.
            (3) Definition of an emergency designation.--For purposes 
        of paragraph (1), a provision shall be considered an emergency 
        designation if it designates any item as an emergency 
        requirement pursuant to this subsection.
            (4) 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) of the Congressional Budget Act of 1974.
            (5) Conference reports.--When the Senate is considering a 
        conference report on, or an amendment between the Houses in 
        relation to, a bill, upon a point of order being made by any 
        Senator pursuant to this section, and such point of order being 
        sustained, such material contained in such conference report 
        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 
        under the same conditions as was the conference report.
    (f) Criteria.--
            (1) In general.--For purposes of this section, any 
        provision is an emergency requirement if the situation 
        addressed by such provision is--
                    (A) necessary, essential, or vital (not merely 
                useful or beneficial);
                    (B) sudden, quickly coming into being, and not 
                building up over time;
                    (C) an urgent, pressing, and compelling need 
                requiring immediate action;
                    (D) subject to subparagraph (B), unforeseen, 
                unpredictable, and unanticipated; and
                    (E) not permanent, temporary in nature.
            (2) Unforeseen.--An emergency that is part of an aggregate 
        level of anticipated emergencies, particularly when normally 
        estimated in advance, is not unforeseen.
    (g) Inapplicability.--In the Senate, section 403 of S. Con. Res. 13 
(111th Congress), the concurrent resolution on the budget for fiscal 
year 2010, shall no longer apply.

SEC. 304. ADJUSTMENTS FOR THE EXTENSION OF CERTAIN CURRENT POLICIES.

    (a) Adjustment.--For the purposes of determining points of order 
specified in subsection (b), the Chairman of the Committee on the 
Budget of the Senate may adjust the estimate of the budgetary effects 
of a bill, joint resolution, amendment, motion, or conference report 
that contains one or more provisions meeting the criteria of subsection 
(c) to exclude the amounts of qualifying budgetary effects.
    (b) Covered Points of Order.--The Chairman of the Committee on the 
Budget of the Senate may make adjustments pursuant to this section for 
the following points of order only:
            (1) Section 201 of S. Con. Res. 21 (110th Congress) 
        (relating to pay-as-you-go).
            (2) Section 311 of S. Con. Res. 70 (110th Congress) 
        (relating to long-term deficits).
            (3) Section 404 of S. Con. Res. 13 (111th Congress) 
        (relating to short-term deficits).
    (c) Qualifying Legislation.--The Chairman of the Committee on the 
Budget of the Senate may make adjustments authorized under subsection 
(a) for legislation containing provisions that--
            (1) amend or supersede the system for updating payments 
        made under subsections 1848 (d) and (f) of the Social Security 
        Act, consistent with section 7(c) of the Statutory Pay-As-You-
        Go Act of 2010 (Public Law 111-139);
            (2) amend the Estate and Gift Tax under subtitle B of the 
        Internal Revenue Code of 1986, consistent with section 7(d) of 
        the Statutory Pay-As-You-Go Act of 2010;
            (3) extend relief from the Alternative Minimum Tax for 
        individuals under sections 55-59 of the Internal Revenue Code 
        of 1986, consistent with section 7(e) of the Statutory Pay-As-
        You-Go Act of 2010; and
            (4) extend middle-class tax cuts made in the Economic 
        Growth and Tax Relief Reconciliation Act of 2001 (Public Law 
        107-16) and the Jobs and Growth Tax Relief and Reconciliation 
        Act of 2003 (Public Law 108-27), consistent with section 7(f) 
        of the Statutory Pay-As-You-Go Act of 2010.
    (d) Definition.--For the purposes of this section, the terms 
``budgetary effects'' or ``effects'' mean the amount by which a 
provision changes direct spending or revenues relative to the baseline.

                      Subtitle B--Other Provisions

SEC. 311. OVERSIGHT OF GOVERNMENT PERFORMANCE.

    In the Senate, all committees shall--
            (1) review programs and tax expenditures within their 
        jurisdiction to identify waste, fraud, abuse or duplication, 
        and increase the use of performance data to inform committee 
        work;
            (2) review the matters for congressional consideration 
        identified on the Government Accountability Office's High Risk 
        list reports; and
            (3) based on these oversight efforts and performance 
        reviews of programs within their jurisdiction, include 
        recommendations for improved governmental performance in their 
        annual views and estimates reports required under section 
        301(d) of the Congressional Budget Act of 1974 to the 
        Committees on the Budget.

SEC. 312. APPLICATION AND EFFECT OF CHANGES IN ALLOCATIONS AND 
              AGGREGATES.

    (a) Application.--Any adjustments of allocations and aggregates 
made pursuant to this resolution shall--
            (1) apply while that measure is under consideration;
            (2) take effect upon the enactment of that measure; and
            (3) be published in the Congressional Record as soon as 
        practicable.
    (b) Effect of Changed Allocations and Aggregates.--Revised 
allocations and aggregates resulting from these adjustments shall be 
considered for the purposes of the Congressional Budget Act of 1974 as 
allocations and aggregates contained in this resolution.
    (c) Budget Committee Determinations.--For purposes of this 
resolution the levels of new budget authority, outlays, direct 
spending, new entitlement authority, revenues, deficits, and surpluses 
for a fiscal year or period of fiscal years shall be determined on the 
basis of estimates made by the Committee on the Budget of the Senate.

SEC. 313. ADJUSTMENTS TO REFLECT CHANGES IN CONCEPTS AND DEFINITIONS.

    Upon the enactment of a bill or joint resolution providing for a 
change in concepts or definitions, the Chairman of the Committee on the 
Budget of the Senate may make adjustments to the levels and allocations 
in this resolution in accordance with section 251(b) of the Balanced 
Budget and Emergency Deficit Control Act of 1985 (as in effect prior to 
September 30, 2002).

SEC. 314. BUDGETARY TREATMENT OF CERTAIN DISCRETIONARY ADMINISTRATIVE 
              EXPENSES.

    In the Senate, notwithstanding section 302(a)(1) of the 
Congressional Budge Act of 1974, section 13301 of the Budget 
Enforcement Act of 1990, and section 2009a of title 39, United States 
Code, the joint explanatory statement accompanying the conference 
report on any concurrent resolution on the budget shall include in its 
allocations under section 302(a) of the Congressional Budge Act of 1974 
to the Senate Committee on Appropriations amounts for the discretionary 
administrative expenses of the Social Security Administration and of 
the Postal Service.

SEC. 315. EXERCISE OF RULEMAKING POWERS.

    The Senate adopts the provisions of this subtitle--
            (1) as an exercise of the rulemaking power of the Senate, 
        and as such they shall be considered as part of the rules of 
        the Senate and such rules shall supersede other rules only to 
        the extent that they are inconsistent with such other rules; 
        and
            (2) with full recognition of the constitutional right of 
        the Senate to change those rules at any time, in the same 
        manner, and to the same extent as is the case of any other rule 
        of the Senate.

                        TITLE IV--RECONCILIATION

SEC. 401. RECONCILIATION IN THE SENATE.

    (a) Submission to Provide for the Reform of Mandatory Spending .--
Not later than September 1, 2011, the Senate committees named in 
subsection (b) shall submit their recommendations to the Committee on 
the Budget of the United States Senate. After receiving those 
recommendations from the applicable committees of the Senate, the 
Committee on the Budget shall report to the Senate a reconciliation 
bill carrying out all such recommendations without substantive 
revision.
    (b) Instructions.--
            (1) Committee on foreign relations.--The Committee on 
        Foreign Relations shall report changes in law within its 
        jurisdiction sufficient to reduce direct spending outlays by 
        $2,651,000,000 for the period of fiscal years 2012 through 
        2016.
            (2) Committee on commerce, science, and transportation.--
        The Committee on Commerce, Science, and Transportation shall 
        report changes in law within its jurisdiction sufficient to 
        reduce direct spending outlays by $1,000,000,000 for the period 
        of fiscal years 2012 through 2016.
            (3) Committee on agriculture, nutrition, and energy.--The 
        Committee on Agriculture, Nutrition, and Energy shall report 
        changes in law within its jurisdiction sufficient to reduce 
        direct spending outlays by $229,599,000,000 for the period of 
        fiscal years 2012 through 2016.
            (4) Committee on banking, housing and urban affairs.--The 
        Committee on Banking, Housing, and Urban Affairs shall report 
        changes in laws within its jurisdiction sufficient to reduce 
        direct spending outlays by $5,000,000,000 for the period of 
        fiscal years 2012 through 2016.
            (5) Committee on health, education, labor, and pensions.--
        The Committee on Health, Education, Labor, and Pensions shall 
        report changes in laws within its jurisdiction sufficient to 
        reduce direct spending outlays by $467,550,000,000 for the 
        period of fiscal years 2012 through 2016.
            (6) Committee on finance.--The Committee on Finance shall 
        report changes in laws within its jurisdiction sufficient to 
        reduce direct spending outlays by $519,693,000,000 for the 
        period of fiscal years 2012 through 2016.

                   TITLE V--LONG-TERM POLICY CHANGES

SEC. 501. POLICY STATEMENT ON SOCIAL SECURITY.

    It is the policy of this concurrent resolution that Congress and 
the relevant committees of jurisdiction enact legislation--
            (1) to ensure the Social Security System achieves solvency 
        over the 75 year window; and
            (2) that includes--
                    (A) progressive Price Indexing using a formula 
                including wage and price indexing;
                    (B) life expectancy and longevity indexing; and
                    (C) a gradual increase in the retirement age.

SEC. 502. POLICY STATEMENT ON MEDICARE.

    It is the policy of this concurrent resolution that Congress and 
the relevant committees of jurisdiction enact legislation--
            (1) to ensure Medicare achieves solvency over the 75 year 
        window; and
            (2) that--
                    (A) includes free-market based health care;
                    (B) removes all mandates or laws require the 
                purchase of health insurance;
                    (C) promotes individual and family based plans; and
                    (D) encourages interstate competition.

SEC. 503. RESCIND UNSPENT OR UNOBLIGATED BALANCES AFTER 36 MONTHS.

    (a) Application.--Any adjustments of allocations and aggregates 
made pursuant to this resolution shall require that 36 months after 
such funds are made available, the Chairman of the Committee on the 
Budget of the Senate shall reduce the allocations of a committee or 
committees, aggregates, and other appropriate levels by the amount 
unobligated or unspent.
    (b) Effect of Changed Allocations and Aggregates.--Revised 
allocations and aggregates resulting from these adjustments resulting 
from the required rescissions shall be considered for the purposes of 
the Congressional Budget Act of 1974 as allocations and aggregates 
contained in this resolution.
    (c) Budget Committee Determinations.--For purposes of this 
resolution the levels of new budget authority, outlays, direct 
spending, new entitlement authority, revenues, deficits, and surpluses 
for a fiscal year or period of fiscal years shall be determined on the 
basis of estimates made by the Committee on the Budget of the Senate.

                                                        Calendar No. 63

112th CONGRESS

  1st Session

                            S. CON. RES. 20

_______________________________________________________________________

                         CONCURRENT RESOLUTION

Setting forth the congressional budget for the United States Government 
for fiscal year 2012 and setting forth the appropriate budgetary levels 
                  for fiscal years 2013 through 2016.

_______________________________________________________________________

                              May 19, 2011

   Committee discharged pursuant to Section 300 of the Congressional 
                 Budget Act and placed on the calendar
```