amended by striking ‘‘fiscal year’’ each place it ap-
pears and inserting ‘‘biennium’’. 
(6) 
ECONOMIC
ASSUMPTIONS.—Section 
301(g)(1) of such Act (2 U.S.C. 632(g)(1)) is 
amended by striking ‘‘for a fiscal year’’ and insert-
ing ‘‘for a biennium’’. 
(7) SECTION HEADING.—The section heading of 
section 301 of such Act is amended by striking ‘‘AN-
NUAL’’ and inserting ‘‘BIENNIAL’’. 
(8) TABLE OF CONTENTS.—The item relating 
to section 301 in the table of contents set forth in 
section 1(b) of such Act is amended by striking ‘‘An-
nual’’ and inserting ‘‘Biennial’’. 
(d) COMMITTEE ALLOCATIONS.—Section 302 of such 
Act (2 U.S.C. 633) is amended— 
(1) in subsection (a)(1) by— 
(A) striking ‘‘for the first fiscal year of the 
resolution,’’ and inserting ‘‘for each fiscal year 
in the biennium,’’; 
(B) striking ‘‘for that period of fiscal 
years’’ and inserting ‘‘for all fiscal years cov-
ered by the resolution’’; and 
(C) striking ‘‘for the fiscal year of that 
resolution’’ and inserting ‘‘for each fiscal year 
in the biennium’’;
(2) in subsection (f)(1), by striking ‘‘for a fiscal 
year’’ and inserting ‘‘for a biennium’’; 
(3) in subsection (f)(1), by striking ‘‘first fiscal 
year’’ and inserting ‘‘either fiscal year of the bien-
nium’’; 
(4) in subsection (f)(2)(A), by— 
(A) striking ‘‘first fiscal year’’ and insert-
ing ‘‘each fiscal year of the biennium’’; and 
(B) striking ‘‘the total of fiscal years’’ and 
inserting ‘‘the total of all fiscal years covered by 
the resolution’’; and 
(5) in subsection (g)(1)(A), by striking ‘‘April’’ 
and inserting ‘‘May’’. 
(e) SECTION 303 POINT OF ORDER.— 
(1) IN GENERAL.—Section 303(a) of such Act 
(2 U.S.C. 634(a)) is amended by striking ‘‘for a fis-
cal year’’ and inserting ‘‘for a biennium’’ and by 
striking ‘‘the first fiscal year’’ and inserting ‘‘each 
fiscal year of the biennium’’. 
(2) EXCEPTIONS
IN
THE
HOUSE.—Section 
303(b) of such Act (2 U.S.C. 634(b)) is amended— 
(A) in paragraph (1)(A), by striking ‘‘the 
budget year’’ and inserting ‘‘the biennium’’; 
(B) in paragraph (1)(B), by striking ‘‘the 
fiscal year’’ and inserting ‘‘the biennium’’; and
(C) in paragraph (2), by inserting ‘‘(or 
June 1 whenever section 300(b) is applicable)’’. 
(3) APPLICATION
TO
THE
SENATE.—Section 
303(c)(1) of such Act (2 U.S.C. 634(c)) is amended 
by— 
(A) striking ‘‘fiscal year’’ and inserting 
‘‘biennium’’; and 
(B) striking ‘‘that year’’ and inserting 
‘‘each fiscal year of that biennium’’. 
(f) PERMISSIBLE REVISIONS OF CONCURRENT RESO-
LUTIONS ON THE BUDGET.—Section 304 of such Act (2 
U.S.C. 635) is amended— 
(1) by striking ‘‘fiscal year’’ the first two places 
it appears and inserting ‘‘biennium’’; 
(2) by striking ‘‘for such fiscal year’’; and 
(3) by inserting before the period ‘‘for such bi-
ennium’’. 
(g) PROCEDURES FOR CONSIDERATION OF BUDGET 
RESOLUTIONS.—Section 305(a)(3) of such Act (2 U.S.C. 
636(b)(3)) is amended by striking ‘‘fiscal year’’ and in-
serting ‘‘biennium’’. 
(h) COMPLETION OF HOUSE COMMITTEE ACTION ON 
APPROPRIATION BILLS.—Section 307 of such Act (2 
U.S.C. 638) is amended—
(1) by striking ‘‘each year’’ and inserting ‘‘each 
odd-numbered year (or, if applicable, as provided by 
section 300(b), July 1)’’; 
(2) by striking ‘‘annual’’ and inserting ‘‘bien-
nial’’; 
(3) by striking ‘‘fiscal year’’ and inserting ‘‘bi-
ennium’’; and 
(4) by striking ‘‘that year’’ and inserting ‘‘each 
odd-numbered year’’. 
(i) QUARTERLY BUDGET REPORTS.—Section 308 of 
such Act (2 U.S.C. 639) is amended by adding at the end 
the following new subsection: 
‘‘(d) QUARTERLY BUDGET REPORTS.—The Director 
of the Congressional Budget Office shall, as soon as prac-
ticable after the completion of each quarter of the fiscal 
year, prepare an analysis comparing revenues, spending, 
and the deficit or surplus for the current fiscal year to 
assumptions included in the congressional budget resolu-
tion. In preparing this report, the Director of the Congres-
sional Budget Office shall combine actual budget figures 
to date with projected revenue and spending for the bal-
ance of the fiscal year. The Director of the Congressional 
Budget Office shall include any other information in this 
report that it deems useful for a full understanding of the 
current fiscal position of the Federal Government. The re-
ports mandated by this subsection shall be transmitted by 
the Director to the Senate and House Committees on the 
Budget, and the Congressional Budget Office shall make 
such reports available to any interested party upon re-
quest.’’. 
(j) COMPLETION OF HOUSE ACTION ON REGULAR 
APPROPRIATION BILLS.—Section 309 of such Act (2 
U.S.C. 640) is amended— 
(1) by striking ‘‘It’’ and inserting ‘‘Except 
whenever section 300(b) is applicable, it’’; 
(2) by inserting ‘‘of any odd-numbered calendar 
year’’ after ‘‘July’’; 
(3) by striking ‘‘annual’’ and inserting ‘‘bien-
nial’’; and 
(4) by striking ‘‘fiscal year’’ and inserting ‘‘bi-
ennium’’. 
(k) RECONCILIATION PROCESS.—Section 310 of such 
Act (2 U.S.C. 641) is amended— 
(1) in subsection (a), in the matter preceding 
paragraph (1), by striking ‘‘any fiscal year’’ and in-
serting ‘‘any biennium’’; 
(2) in subsection (a)(1), by striking ‘‘such fiscal 
year’’ each place it appears and inserting ‘‘any fiscal 
year covered by such resolution’’; and