•HCON 34 RH 
(H) the budgetary effects of measures reform-
ing the Patient Protection and Affordable Care Act 
and the Health Care and Education Affordability 
Reconciliation Act of 2010; and 
(I) the budgetary effects of measures reforming 
the tax code and lower tax rates. 
(2) A measure does not qualify for adjustments under 
paragraph (1)(H) if it— 
(A) increases the deficit over the period of fiscal 
years 2012 through 2021; or 
(B) increases revenues over the period of fiscal 
years 2012 through 2021, other than by— 
(i) repealing or modifying the individual 
mandate (codified as section 5000A of the In-
ternal Revenue Code of 1986); or 
(ii) modifying the subsidies to purchase 
health insurance (codified as section 36B of the 
Internal Revenue Code of 1986). 
(c) OTHER ADJUSTMENTS.—If a committee other 
than the Committee on Appropriations reports a bill or 
joint resolution, or an amendment thereto or a conference 
report thereon, providing for a decrease in direct spending 
(budget authority and outlays flowing therefrom) for any 
fiscal year and also provides for an authorization of appro-
priations for the same purpose, upon the enactment of 
VerDate Mar 15 2010 
01:47 Apr 12, 2011
Jkt 099200
PO 00000
Frm 00051
Fmt 6652
Sfmt 6201
E:\BILLS\HC34.RH
HC34
tjames on DSKG8SOYB1PROD with BILLS
•HCON 34 RH 
such measure, the chairman of the Committee on the 
Budget may decrease the allocation to such committee and 
increase the allocation of discretionary spending (budget 
authority and outlays flowing therefrom) to the Committee 
on Appropriations for fiscal year 2012 and the applicable 
discretionary spending limits by an amount equal to the 
new budget authority (and the outlays flowing therefrom) 
provided for in a bill or joint resolution making appropria-
tions for the same purpose. 
SEC. 405. LIMITATION ON LONG-TERM SPENDING. 
(a) IN GENERAL.—In the House, it shall not be in 
order to consider a bill or joint resolution reported by a 
committee (other than the Committee on Appropriations), 
or an amendment thereto or a conference report thereon, 
if the provisions of such measure have the net effect of 
increasing 
mandatory 
spending 
in 
excess 
of 
$5,000,000,000 for any period described in subsection (b). 
(b) TIME PERIODS.—(1) The applicable periods for 
purposes of this section are any of the first four consecu-
tive 10-fiscal-year periods beginning with the first fiscal 
year following the last fiscal year for which the applicable 
concurrent resolution on the budget sets forth appropriate 
budgetary levels. 
(2) In this paragraph, the applicable concurrent reso-
lution on the budget is the one most recently adopted be-
VerDate Mar 15 2010 
01:47 Apr 12, 2011
Jkt 099200
PO 00000
Frm 00052
Fmt 6652
Sfmt 6201
E:\BILLS\HC34.RH
HC34
tjames on DSKG8SOYB1PROD with BILLS
•HCON 34 RH 
fore the date on which a committee first reported the bill 
or joint resolution described in paragraph (1). 
SEC. 406. BUDGETARY TREATMENT OF CERTAIN TRANS-
ACTIONS. 
(a) 
IN
GENERAL.—Notwithstanding 
section 
302(a)(1) of the Congressional Budget Act of 1974, sec-
tion 13301 of the Budget Enforcement Act of 1990, and 
section 4001 of the Omnibus Budget Reconciliation Act 
of 1989, the joint explanatory statement accompanying 
the conference report on any concurrent resolution on the 
budget shall include in its allocation under section 302(a) 
of the Congressional Budget Act of 1974 to the Committee 
on Appropriations amounts for the discretionary adminis-
trative expenses of the Social Security Administration and 
the United States Postal Service. 
(b) SPECIAL RULE.—For purposes of applying sec-
tion 302(f) of the Congressional Budget Act of 1974, esti-
mates of the level of total new budget authority and total 
outlays provided by a measure shall include any off-budget 
discretionary amounts. 
(c) ADJUSTMENTS.—The chairman of the Committee 
on the Budget may adjust allocations and aggregates for 
legislation reported by the Committee on Oversight and 
Government Reform that reforms the Federal retirement 
system, but does not cause a net increase in the deficit 
VerDate Mar 15 2010 
01:47 Apr 12, 2011
Jkt 099200
PO 00000
Frm 00053
Fmt 6652
Sfmt 6201
E:\BILLS\HC34.RH
HC34
tjames on DSKG8SOYB1PROD with BILLS
•HCON 34 RH 
for fiscal year 2012 and the period comprising fiscal years 
2012 to 2021. 
SEC. 407. APPLICATION AND EFFECT OF CHANGES IN ALLO-
CATIONS AND AGGREGATES. 
(a) APPLICATION.—Any adjustments of allocations 
and aggregates made pursuant to this resolution shall— 
(1) apply while that measure is under consider-
ation; 
(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 AG-
GREGATES.—Revised allocations and aggregates resulting 
from these adjustments shall be considered for the pur-
poses of the Congressional Budget Act of 1974 as alloca-
tions and aggregates included in this resolution. 
(c) BUDGET COMMITTEE DETERMINATIONS.—For 
purposes of this resolution, the levels of new budget au-
thority, outlays, direct spending, new entitlement author-
ity, 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. 
(d) EXEMPTIONS.—Any legislation for which the 
chairman of the Committee on the Budget makes adjust-
VerDate Mar 15 2010 
01:47 Apr 12, 2011
Jkt 099200
PO 00000
Frm 00054
Fmt 6652
Sfmt 6201
E:\BILLS\HC34.RH
HC34
tjames on DSKG8SOYB1PROD with BILLS
•HCON 34 RH 
ments in the allocations and aggregates of this concurrent 
resolution on the budget and complies with the Congres-
sional Budget Act of 1974 shall not be subject to the 
points of order set forth in clause 10 of rule XXI of the 
Rules of the House of Representatives or section 405. 
SEC. 408. FAIR VALUE ESTIMATES. 
(a) REQUEST
FOR SUPPLEMENTAL ESTIMATES.— 
Upon the request of the chairman or ranking member of 
the Committee on the Budget, any estimate prepared for 
a measure under the terms of title V of the Congressional 
Budget Act of 1974, ‘‘credit reform’’, as a supplement to 
such estimate of the Congressional Budget Office shall, 
to the extent practicable, also provide an estimate of the 
current actual or estimated market values representing 
the ‘‘fair value’’ of assets and liabilities affected by such 
measure. 
(b) ENFORCEMENT.—If the Congressional Budget 
Office provides an estimate pursuant to subsection (a), the 
chairman of the Committee on the Budget may use such 
estimate to determine compliance with the Congressional 
Budget Act of 1974 and other budgetary enforcement con-
trols. 
SEC. 409. EXERCISE OF RULEMAKING POWERS. 
(a) IN GENERAL.—The House adopts the provisions 
of this title— 
VerDate Mar 15 2010 
01:47 Apr 12, 2011
Jkt 099200
PO 00000
Frm 00055
Fmt 6652
Sfmt 6201
E:\BILLS\HC34.RH
HC34
tjames on DSKG8SOYB1PROD with BILLS