113 
‘‘(G) Uniformed Services Retiree Health 
Care System. 
‘‘(H) Railroad Retirement System (com-
bined Rail Industry Pension Fund, Social Secu-
rity Equivalent Benefit Account, and National 
Railroad Retirement Investment Trust). 
‘‘(I) Supplemental Security Income (SSI). 
‘‘(J) For estimates made on or after Janu-
ary 1, 2008, veterans disability compensation. 
‘‘(K) Any other entitlement program with 
regularly available long-term estimates. 
‘‘(2) The term ‘entitlement program with regu-
larly available long-term estimates’ means a program 
for which the Director of the Congressional Budget 
Office, in consultation with the Committees on the 
Budget of the House of Representatives and the 
Senate and the Director of the Office of Manage-
ment and Budget, has determined that it is feasible 
to make long-term estimates of expenditures and 
dedicated receipts based on explicit demographic, 
economic, and other estimating assumptions. The 
Director shall notify the House and Senate Commit-
tees on the Budget in writing, whenever he or she 
makes such a determination. 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00113
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
114 
‘‘(3) The term ‘applicable group of entitlement 
programs’ shall be defined as any of the following: 
‘‘(A) Old Age, Survivors, and Disability In-
surance. 
‘‘(B) All applicable entitlement programs 
except Old Age, Survivors, and Disability Insur-
ance. 
‘‘(4) The term ‘long-term estimating period’ 
shall be defined as 75 years, starting with the cur-
rent year, for all applicable entitlement programs ex-
cept for Old Age, Survivors, and Disability Insur-
ance. For Old Age, Survivors, and Disability Insur-
ance, the term shall be defined as the infinite period 
of years utilized in the most recent annual report of 
the Board of Trustees provided pursuant to section 
201(c)(2) of the Social Security Act. 
‘‘(5) The term ‘last year of the estimating pe-
riod’ shall be defined as the 75th year of the long- 
term estimating period. 
‘‘(6) The term ‘dedicated receipts’ shall be de-
fined, for all applicable entitlement programs other 
than Medicare, as taxes and fees received from the 
public, payments received from Federal agencies on 
behalf of Federal agency employees who are partici-
pants in the program, transfers received by the pro-
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00114
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
115 
gram under section 7(c)(2) of the Railroad Retire-
ment Act of 1974 (45 U.S.C. 231f(c)(2)), and trans-
fers from the general fund of amounts equivalent to 
income tax receipts under section 86 of the Internal 
Revenue Code. Dedicated receipts shall not include 
payments from the general fund to amortize a pro-
gram’s unfunded liability or payments of interest on 
a program’s trust fund holdings. For Medicare, 
‘dedicated receipts’ shall be defined according to sec-
tion 801(c)(3) of the Medicare Prescription Drug, 
Improvement, and Modernization Act of 2003. 
‘‘(7) The term ‘expenditures’ shall be defined, 
for all applicable entitlement programs other than 
Medicare, to include benefit payments, administra-
tive expenses to the extent paid from a dedicated 
fund, and transfers to other programs made under 
section 7(c)(2) of the Railroad Retirement Act of 
1974 (45 U.S.C. 231f(c)(2)). For Medicare, ‘expend-
itures’ shall be defined according to section 
801(c)(4) of the Medicare prescription Drug, Im-
provement, and Modernization Act of 2003. 
‘‘(8) The term ‘applicable threshold’ shall be 
defined as: 
‘‘(A) For a group of applicable entitlement 
programs over a long-term estimating period— 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00115
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
116 
‘‘(i) 0.02 percent of the present value 
of the taxable payroll of the group of pro-
grams over the estimating period, for legis-
lation affecting Old Age, Survivors, and 
Disability Insurance or Medicare; and 
‘‘(ii) 1 percent of the present value of 
the expenditures over the estimating period 
of the programs in the group that are af-
fected by the legislation. 
‘‘(B) For a group of applicable entitlement 
programs in the last year of the estimating pe-
riod— 
‘‘(i) 0.02 percent of the taxable pay-
roll of the group of programs in that year, 
for legislation affecting Old Age, Survivors, 
and Disability Insurance or Medicare; 
‘‘(ii) 0.01 percent of Gross Domestic 
Product in that year; or 
‘‘(iii) 1 percent of the expenditures in 
that year of the programs in the group 
that are affected by the legislation.’’. 
(b) CONFORMING AMENDMENT.—The table of con-
tents set forth in section 1(b) of the Congressional Budget 
and Impoundment Control Act of 1974 is amended by 
adding after the item relating to section 428 the following: 
‘‘PART C—LONG-TERM UNFUNDED OBLIGATIONS 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00116
Fmt 6652
Sfmt 6211
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
117 
‘‘Sec. 441. Analysis of long-term unfunded obligations. 
‘‘Sec. 442. Point of order against legislation increasing long-term unfunded ob-
ligations. 
‘‘Sec. 443. Standard for determining increase in long-term unfunded obligation. 
‘‘Sec. 444. Long-term unfunded obligation analyses by congressional budget of-
fice. 
‘‘Sec. 445. Definitions.’’. 
SEC. 222. POINTS OF ORDER. 
Section 904 of the Congressional Budget Act of 1974 
is amended as follows: 
(1) Subsection (c)(1) is amended by adding 
‘‘442,’’ after ‘‘310(d)(2), 313,’’. 
(2) Subsection (d)(2) is amended by adding 
‘‘442,’’ after ‘‘310(d)(2), 313,’’. 
SEC. 223. SOCIAL SECURITY. 
Section 13302(a) of subtitle C of the Budget En-
forcement Act of 1990 is amended to read as follows: 
‘‘(a) IN GENERAL.—It shall be not be in order in the 
House of Representatives to consider any bill, or joint res-
olution, as reported, or any amendment thereto or con-
ference report thereon, if, upon enactment, such legisla-
tion under consideration would increase the long-term un-
funded obligation of the OASDI program, as defined in 
section 443 of the Congressional Budget Act of 1974.’’. 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00117
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
118 
TITLE III—COMBATING WASTE, 
FRAUD, AND ABUSE 
Subtitle A—Sunsetting 
SEC. 301. REAUTHORIZATION OF DISCRETIONARY PRO-
GRAMS AND UNEARNED ENTITLEMENTS. 
(a) FISCAL YEAR 2011.—Effective October 1, 2010, 
spending authority for each unearned entitlement and 
high-cost discretionary spending program is frozen at then 
current levels unless such spending authority is reauthor-
ized after the date of enactment of this Act. 
(b) FISCAL YEAR 2012.—Effective October 1, 2011, 
spending authority for each discretionary spending pro-
gram (not including high-cost discretionary spending pro-
grams) is frozen at then current levels unless such spend-
ing authority is reauthorized after the date of enactment 
of this Act. 
(c) DEFINITIONS.—For purposes of this title— 
(1) the term ‘‘unearned entitlement’’ means an 
entitlement not earned by service or paid for in total 
or in part by assessments or contributions such as 
Social Security, veterans’ benefits, retirement pro-
grams, and medicare; and 
(2) the term ‘‘high-cost discretionary program’’ 
means the most expensive one-third of discretionary 
program within each budget function account. 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00118
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
119 
SEC. 302. POINT OF ORDER. 
(a) IN GENERAL.—It shall not be in order in the 
House of Representatives or the Senate to consider any 
bill, joint resolution, amendment, or conference report that 
includes any provision that appropriates funds above cur-
rent levels unless such appropriation has been previously 
authorized by law. 
(b) WAIVER OR SUSPENSION.—This section may be 
waived or suspended in the House of Representatives or 
the Senate only by the affirmative vote of two-thirds of 
the Members, duly chosen and sworn. 
SEC. 303. DECENNIAL SUNSETTING. 
(a) FIRST DECENNIAL CENSUS YEAR.—Effective on 
the first day of the fiscal year beginning in the first decen-
nial census year after the year 2010 and each 10 years 
thereafter, the spending authority described in section 
301(a) is terminated unless such spending authority is re-
authorized after the last date the spending authority was 
required to be reauthorized under this title. 
(b) FIRST DECENNIAL CENSUS YEAR.—Effective on 
the first day of the fiscal year beginning in the year after 
the first decennial census year after the year 2010 and 
each 10 years thereafter, the spending authority described 
in section 301(b) is terminated unless such spending au-
thority is reauthorized after the last date the spending au-
thority was required to be reauthorized under this title. 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00119
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
120 
Subtitle B—Legislative Line-Item 
Veto 
SEC. 311. LEGISLATIVE LINE-ITEM VETO. 
(a) IN GENERAL.—Title X of the Congressional 
Budget and Impoundment Control Act of 1974 (2 U.S.C. 
621 et seq.) is amended by striking all of part B (except 
for sections 1016 and 1013, which are redesignated as sec-
tions 1019 and 1020, respectively) and part C and insert-
ing the following: 
‘‘PART B—LEGISLATIVE LINE-ITEM VETO 
‘‘LINE-ITEM VETO AUTHORITY 
‘‘SEC. 1011. (a) PROPOSED CANCELLATIONS.—With-
in 45 calendar days after the enactment of any bill or joint 
resolution providing any discretionary budget authority, 
item of direct spending, limited tariff benefit, or targeted 
tax benefit, the President may propose, in the manner pro-
vided in subsection (b), the cancellation of any dollar 
amount of such discretionary budget authority, item of di-
rect spending, or targeted tax benefit. If the 45 calendar- 
day period expires during a period where either House of 
Congress stands adjourned sine die at the end of a Con-
gress or for a period greater than 45 calendar days, the 
President may propose a cancellation under this section 
and transmit a special message under subsection (b) on 
VerDate Aug 31 2005 
02:10 May 04, 2007
Jkt 059200
PO 00000
Frm 00120
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
121 
the first calendar day of session following such a period 
of adjournment. 
‘‘(b) TRANSMITTAL OF SPECIAL MESSAGE.— 
‘‘(1) SPECIAL MESSAGE.— 
‘‘(A) IN
GENERAL.—The President may 
transmit to the Congress a special message pro-
posing to cancel any dollar amounts of discre-
tionary budget authority, items of direct spend-
ing, limited tariff benefits, or targeted tax bene-
fits. 
‘‘(B) CONTENTS OF SPECIAL MESSAGE.— 
Each special message shall specify, with respect 
to the discretionary budget authority, items of 
direct spending proposed, limited tariff benefits, 
or targeted tax benefits to be canceled— 
‘‘(i) the dollar amount of discretionary 
budget authority, the specific item of direct 
spending (that OMB, after consultation 
with CBO, estimates to increase budget 
authority or outlays as required by section 
1017(9)), the limited tariff benefit, or the 
targeted tax benefit that the President pro-
poses be canceled; 
‘‘(ii) any account, department, or es-
tablishment of the Government to which 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00121
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
122 
such discretionary budget authority is 
available for obligation, and the specific 
project or governmental functions involved; 
‘‘(iii) the reasons why such discre-
tionary budget authority, item of direct 
spending, limited tariff benefit, or targeted 
tax benefit should be canceled; 
‘‘(iv) to the maximum extent prac-
ticable, the estimated fiscal, economic, and 
budgetary effect (including the effect on 
outlays and receipts in each fiscal year) of 
the proposed cancellation; 
‘‘(v) to the maximum extent prac-
ticable, all facts, circumstances, and con-
siderations relating to or bearing upon the 
proposed cancellation and the decision to 
propose the cancellation, and the estimated 
effect of the proposed cancellation upon 
the objects, purposes, or programs for 
which the discretionary budget authority, 
item of direct spending, limited tariff ben-
efit, or the targeted tax benefit is provided; 
‘‘(vi) a numbered list of cancellations 
to be included in an approval bill that, if 
enacted, would cancel discretionary budget 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00122
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
123 
authority, items of direct spending, limited 
tariff benefit, or targeted tax benefits pro-
posed in that special message; and 
‘‘(vii) if the special message is trans-
mitted subsequent to or at the same time 
as another special message, a detailed ex-
planation why the proposed cancellations 
are not substantially similar to any other 
proposed cancellation in such other mes-
sage. 
‘‘(C) DUPLICATIVE
PROPOSALS
PROHIB-
ITED.—The President may not propose to can-
cel the same or substantially similar discre-
tionary budget authority, item of direct spend-
ing, limited tariff benefit, or targeted tax ben-
efit more than one time under this Act. 
‘‘(D) MAXIMUM NUMBER OF SPECIAL MES-
SAGES.—The President may not transmit to the 
Congress more than 5 special messages under 
this subsection related to any bill or joint reso-
lution described in subsection (a), but may 
transmit not more than 10 special messages for 
any omnibus budget reconciliation or appropria-
tion measure. 
‘‘(2) ENACTMENT OF APPROVAL BILL.— 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00123
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
124 
‘‘(A) DEFICIT
REDUCTION.—Amounts of 
budget authority, items of direct spending, lim-
ited tariff benefit, or targeted tax benefits 
which are canceled pursuant to enactment of a 
bill as provided under this section shall be dedi-
cated only to reducing the deficit or increasing 
the surplus. 
‘‘(B) ADJUSTMENT
OF
LEVELS
IN
THE 
CONCURRENT RESOLUTION ON THE BUDGET.— 
Not later than 5 days after the date of enact-
ment of an approval bill as provided under this 
section, the chairs of the Committees on the 
Budget of the Senate and the House of Rep-
resentatives shall revise allocations and aggre-
gates and other appropriate levels under the ap-
propriate concurrent resolution on the budget to 
reflect the cancellation, and the applicable com-
mittees shall report revised suballocations pur-
suant to section 302(b), as appropriate. 
‘‘(C) ADJUSTMENTS TO STATUTORY LIM-
ITS.—After enactment of an approval bill as 
provided under this section, the Office of Man-
agement and Budget shall revise applicable lim-
its under the Balanced Budget and Emergency 
Deficit Control Act of 1985, as appropriate. 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00124
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
125 
‘‘(D) 
TRUST
FUNDS
AND
SPECIAL 
FUNDS.—Notwithstanding subparagraph (A), 
nothing in this part shall be construed to re-
quire or allow the deposit of amounts derived 
from a trust fund or special fund which are 
canceled pursuant to enactment of a bill as pro-
vided under this section to any other fund. 
‘‘PROCEDURES FOR EXPEDITED CONSIDERATION 
‘‘SEC. 1012. (a) EXPEDITED CONSIDERATION.— 
‘‘(1) IN GENERAL.—The majority leader or mi-
nority leader of each House or his designee shall (by 
request) introduce an approval bill as defined in sec-
tion 1017 not later than the third day of session of 
that House after the date of receipt of a special mes-
sage transmitted to the Congress under section 
1011(b). If the bill is not introduced as provided in 
the preceding sentence in either House, then, on the 
fourth day of session of that House after the date 
of receipt of the special message, any Member of 
that House may introduce the bill. 
‘‘(2) CONSIDERATION IN THE HOUSE OF REP-
RESENTATIVES.— 
‘‘(A) REFERRAL
AND
REPORTING.—Any 
committee of the House of Representatives to 
which an approval bill is referred shall report it 
to the House without amendment not later than 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00125
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
126 
the seventh legislative day after the date of its 
introduction. If a committee fails to report the 
bill within that period or the House has adopt-
ed a concurrent resolution providing for ad-
journment sine die at the end of a Congress, 
such committee shall be automatically dis-
charged from further consideration of the bill 
and it shall be placed on the appropriate cal-
endar. 
‘‘(B) PROCEEDING TO CONSIDERATION.— 
After an approval bill is reported by or dis-
charged from committee or the House has 
adopted a concurrent resolution providing for 
adjournment sine die at the end of a Congress, 
it shall be in order to move to proceed to con-
sider the approval bill in the House. Such a mo-
tion shall be in order only at a time designated 
by the Speaker in the legislative schedule within 
two legislative days after the day on which the 
proponent announces his intention to offer the 
motion. Such a motion shall not be in order 
after the House has disposed of a motion to 
proceed with respect to that special message. 
The previous question shall be considered as or-
dered on the motion to its adoption without in-
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00126
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
127 
tervening motion. A motion to reconsider the 
vote by which the motion is disposed of shall 
not be in order. 
‘‘(C) CONSIDERATION.—The approval bill 
shall be considered as read. All points of order 
against an approval bill and against its consid-
eration are waived. The previous question shall 
be considered as ordered on an approval bill to 
its passage without intervening motion except 
five hours of debate equally divided and con-
trolled by the proponent and an opponent and 
one motion to limit debate on the bill. A motion 
to reconsider the vote on passage of the bill 
shall not be in order. 
‘‘(D) SENATE BILL.—An approval bill re-
ceived from the Senate shall not be referred to 
committee. 
‘‘(3) CONSIDERATION IN THE SENATE.— 
‘‘(A) MOTION TO PROCEED TO CONSIDER-
ATION.—A motion to proceed to the consider-
ation of a bill under this subsection in the Sen-
ate shall not be debatable. It shall not be in 
order to move to reconsider the vote by which 
the motion to proceed is agreed to or disagreed 
to. 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00127
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
128 
‘‘(B) LIMITS ON DEBATE.—Debate in the 
Senate on a bill under this subsection, and all 
debatable motions and appeals in connection 
therewith (including debate pursuant to sub-
paragraph (D)), shall not exceed 10 hours, 
equally divided and controlled in the usual 
form. 
‘‘(C) APPEALS.—Debate in the Senate on 
any debatable motion or appeal in connection 
with a bill under this subsection shall be limited 
to not more than 1 hour, to be equally divided 
and controlled in the usual form. 
‘‘(D) MOTION TO LIMIT DEBATE.—A mo-
tion in the Senate to further limit debate on a 
bill under this subsection is not debatable. 
‘‘(E) MOTION TO RECOMMIT.—A motion to 
recommit a bill under this subsection is not in 
order. 
‘‘(F) CONSIDERATION
OF
THE
HOUSE 
BILL.— 
‘‘(i) IN GENERAL.—If the Senate has 
received the House companion bill to the 
bill introduced in the Senate prior to the 
vote required under paragraph (1)(C), then 
the Senate may consider, and the vote 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00128
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
129 
under paragraph (1)(C) may occur on, the 
House companion bill. 
‘‘(ii) PROCEDURE
AFTER
VOTE
ON 
SENATE BILL.—If the Senate votes, pursu-
ant to paragraph (1)(C), on the bill intro-
duced in the Senate, then immediately fol-
lowing that vote, or upon receipt of the 
House companion bill, the House bill shall 
be deemed to be considered, read the third 
time, and the vote on passage of the Sen-
ate bill shall be considered to be the vote 
on the bill received from the House. 
‘‘(b) AMENDMENTS PROHIBITED.—No amendment 
to, or motion to strike a provision from, a bill considered 
under this section shall be in order in either the Senate 
or the House of Representatives. 
‘‘PRESIDENTIAL DEFERRAL AUTHORITY 
‘‘SEC. 1013. (a) TEMPORARY PRESIDENTIAL AU-
THORITY TO WITHHOLD DISCRETIONARY BUDGET AU-
THORITY.— 
‘‘(1) IN GENERAL.—At the same time as the 
President transmits to the Congress a special mes-
sage pursuant to section 1011(b), the President may 
direct that any dollar amount of discretionary budg-
et authority to be canceled in that special message 
shall not be made available for obligation for a pe-
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00129
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
130 
riod not to exceed 45 calendar days from the date 
the President transmits the special message to the 
Congress. 
‘‘(2) EARLY
AVAILABILITY.—The President 
shall make any dollar amount of discretionary budg-
et authority deferred pursuant to paragraph (1) 
available at a time earlier than the time specified by 
the President if the President determines that con-
tinuation of the deferral would not further the pur-
poses of this Act. 
‘‘(b) TEMPORARY PRESIDENTIAL AUTHORITY TO 
SUSPEND DIRECT SPENDING.— 
‘‘(1) IN GENERAL.—At the same time as the 
President transmits to the Congress a special mes-
sage pursuant to section 1011(b), the President may 
suspend the implementation of any item of direct 
spending proposed to be canceled in that special 
message for a period not to exceed 45 calendar days 
from the date the President transmits the special 
message to the Congress. 
‘‘(2) EARLY
AVAILABILITY.—The President 
shall terminate the suspension of any item of direct 
spending at a time earlier than the time specified by 
the President if the President determines that con-
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00130
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
131 
tinuation of the suspension would not further the 
purposes of this Act. 
‘‘(c) TEMPORARY PRESIDENTIAL AUTHORITY TO 
SUSPEND A LIMITED TARIFF BENEFIT.— 
‘‘(1) IN GENERAL.—At the same time as the 
President transmits to the Congress a special mes-
sage pursuant to section 1011(b), the President may 
suspend the implementation of any limited tariff 
benefit proposed to be canceled in that special mes-
sage for a period not to exceed 45 calendar days 
from the date the President transmits the special 
message to the Congress. 
‘‘(2) EARLY
AVAILABILITY.—The President 
shall terminate the suspension of any limited tariff 
benefit at a time earlier than the time specified by 
the President if the President determines that con-
tinuation of the suspension would not further the 
purposes of this Act. 
‘‘(d) TEMPORARY PRESIDENTIAL AUTHORITY TO 
SUSPEND A TARGETED TAX BENEFIT.— 
‘‘(1) IN GENERAL.—At the same time as the 
President transmits to the Congress a special mes-
sage pursuant to section 1011(b), the President may 
suspend the implementation of any targeted tax ben-
efit proposed to be repealed in that special message 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00131
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
132 
for a period not to exceed 45 calendar days from the 
date the President transmits the special message to 
the Congress. 
‘‘(2) EARLY
AVAILABILITY.—The President 
shall terminate the suspension of any targeted tax 
benefit at a time earlier than the time specified by 
the President if the President determines that con-
tinuation of the suspension would not further the 
purposes of this Act. 
‘‘(e) EXTENSION OF 45-DAY PERIOD.—The Presi-
dent may transmit to the Congress not more than one sup-
plemental special message to extend the period to suspend 
the implementation of any discretionary budget authority, 
item of direct spending, limited tariff benefit, or targeted 
tax benefit, as applicable, by an additional 45 calendar 
days. Any such supplemental message may not be trans-
mitted to the Congress before the 40th day of the 45-day 
period set forth in the preceding message or later than 
the last day of such period. 
‘‘IDENTIFICATION OF TARGETED TAX BENEFITS 
‘‘SEC. 1014. (a) STATEMENT.—The chairman of the 
Committee on Ways and Means of the House of Rep-
resentatives and the chairman of the Committee on Fi-
nance of the Senate acting jointly (hereafter in this sub-
section referred to as the ‘chairmen’) shall review any rev-
enue or reconciliation bill or joint resolution which in-
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00132
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
133 
cludes any amendment to the Internal Revenue Code of 
1986 that is being prepared for filing by a committee of 
conference of the two Houses, and shall identify whether 
such bill or joint resolution contains any targeted tax ben-
efits. The chairmen shall provide to the committee of con-
ference a statement identifying any such targeted tax ben-
efits or declaring that the bill or joint resolution does not 
contain any targeted tax benefits. Any such statement 
shall be made available to any Member of Congress by 
the chairmen immediately upon request. 
‘‘(b) STATEMENT INCLUDED IN LEGISLATION.— 
‘‘(1) IN GENERAL.—Notwithstanding any other 
rule of the House of Representatives or any rule or 
precedent of the Senate, any revenue or reconcili-
ation bill or joint resolution which includes any 
amendment to the Internal Revenue Code of 1986 
reported by a committee of conference of the two 
Houses may include, as a separate section of such 
bill or joint resolution, the information contained in 
the statement of the chairmen, but only in the man-
ner set forth in paragraph (2). 
‘‘(2) APPLICABILITY.—The separate section 
permitted under subparagraph (A) shall read as fol-
lows: ‘Section 1021 of the Congressional Budget and 
Impoundment 
Control 
Act 
of 
1974 
shall 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00133
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
134 
llllll apply to llllllll.’, with 
the blank spaces being filled in with— 
‘‘(A) in any case in which the chairmen 
identify targeted tax benefits in the statement 
required under subsection (a), the word ‘only’ 
in the first blank space and a list of all of the 
specific provisions of the bill or joint resolution 
in the second blank space; or 
‘‘(B) in any case in which the chairmen de-
clare that there are no targeted tax benefits in 
the statement required under subsection (a), 
the word ‘not’ in the first blank space and the 
phrase ‘any provision of this Act’ in the second 
blank space. 
‘‘(c) IDENTIFICATION
IN REVENUE ESTIMATE.— 
With respect to any revenue or reconciliation bill or joint 
resolution with respect to which the chairmen provide a 
statement under subsection (a), the Joint Committee on 
Taxation shall— 
‘‘(1) in the case of a statement described in 
subsection (b)(2)(A), list the targeted tax benefits in 
any revenue estimate prepared by the Joint Com-
mittee on Taxation for any conference report which 
accompanies such bill or joint resolution, or 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00134
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
135 
‘‘(2) in the case of a statement described in 13 
subsection (b)(2)(B), indicate in such revenue esti-
mate that no provision in such bill or joint resolution 
has been identified as a targeted tax benefit. 
‘‘(d) PRESIDENT’S AUTHORITY.—If any revenue or 
reconciliation bill or joint resolution is signed into law— 
‘‘(1) with a separate section described in sub-
section (b)(2), then the President may use the au-
thority granted in this section only with respect to 
any targeted tax benefit in that law, if any, identi-
fied in such separate section; or 
‘‘(2) without a separate section described in 
subsection (b)(2), then the President may use the 
authority granted in this section with respect to any 
targeted tax benefit in that law. 
‘‘TREATMENT OF CANCELLATIONS 
‘‘SEC. 1015. The cancellation of any dollar amount 
of discretionary budget authority, item of direct spending, 
limited tariff benefit, or targeted tax benefit shall take ef-
fect only upon enactment of the applicable approval bill. 
If an approval bill is not enacted into law before the end 
of the applicable period under section 1013, then all pro-
posed cancellations contained in that bill shall be null and 
void and any such dollar amount of discretionary budget 
authority, item of direct spending, limited tariff benefit, 
or targeted tax benefit shall be effective as of the original 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00135
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
136 
date provided in the law to which the proposed cancella-
tions applied. 
‘‘REPORTS BY COMPTROLLER GENERAL 
‘‘SEC. 1016. With respect to each special message 
under this part, the Comptroller General shall issue to the 
Congress a report determining whether any discretionary 
budget authority is not made available for obligation or 
item of direct spending, limited tariff benefit, or targeted 
tax benefit continues to be suspended after the deferral 
authority set forth in section 1013 of the President has 
expired. 
‘‘DEFINITIONS 
‘‘SEC. 1017. As used in this part: 
‘‘(1) APPROPRIATION LAW.—The term ‘appro-
priation law’ means an Act referred to in section 
105 of title 1, United States Code, including any 
general or special appropriation Act, or any Act 
making supplemental, deficiency, or continuing ap-
propriations, that has been signed into law pursuant 
to Article I, section 7, of the Constitution of the 
United States. 
‘‘(2) APPROVAL BILL.—The term ‘approval bill’ 
means a bill or joint resolution which only approves 
proposed cancellations of dollar amounts of discre-
tionary budget authority, items of new direct spend-
ing, limited tariff benefits, or targeted tax benefits 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00136
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
137 
in a special message transmitted by the President 
under this part and— 
‘‘(A) the title of which is as follows: ‘A bill 
approving the proposed cancellations trans-
mitted by the President on lll’, the blank 
space being filled in with the date of trans-
mission of the relevant special message and the 
public law number to which the message re-
lates; 
‘‘(B) which does not have a preamble; and 
‘‘(C) which provides only the following 
after the enacting clause: ‘That the Congress 
approves of proposed cancellations lll’, the 
blank space being filled in with a list of the 
cancellations contained in the President’s spe-
cial message, ‘as transmitted by the President 
in a special message on llll’, the blank 
space being filled in with the appropriate date, 
‘regarding llll.’, the blank space being 
filled in with the public law number to which 
the special message relates; 
‘‘(D) which only includes proposed can-
cellations that are estimated by CBO to meet 
the definition of discretionary budgetary au-
thority or items of direct spending, or limited 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00137
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS
138 
tariff benefits, or that are identified as targeted 
tax benefits pursuant to section 1014; 
‘‘(E) if any proposed cancellation other 
than discretionary budget authority or targeted 
tax benefits is estimated by CBO to not meet 
the definition of item of direct spending, then 
the approval bill shall include at the end: ‘The 
President shall cease the suspension of the im-
plementation of the following under section 
1013 of the Impoundment Control Act of 1974: 
lllll’, the blank space being filled in 
with the list of such proposed cancellations; and 
‘‘(F) if no CBO estimate is available, then 
the entire list of legislative provisions proposed 
by the President is inserted in the second blank 
space in subparagraph (C). 
‘‘(3) CALENDAR DAY.—The term ‘calendar day’ 
means a standard 24-hour period beginning at mid-
night. 
‘‘(4) CANCEL OR CANCELLATION.—The terms 
‘cancel’ or ‘cancellation’ means to prevent— 
‘‘(A) budget authority from having legal 
force or effect; 
VerDate Aug 31 2005 
00:38 May 04, 2007
Jkt 059200
PO 00000
Frm 00138
Fmt 6652
Sfmt 6201
E:\BILLS\H2084.IH
H2084
mstockstill on PROD1PC66 with BILLS