HCON 71 PCS 
(A) 
New 
budget 
authority, 
-$45,246,000,000. 
(B) Outlays, -$40,640,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$48,056,000,000. 
(B) Outlays, -$44,164,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
-$50,544,000,000. 
(B) Outlays, -$47,877,000,000. 
Fiscal year 2023: 
(A) 
New 
budget 
authority, 
-$52,326,000,000. 
(B) Outlays, -$49,819,000,000. 
Fiscal year 2024: 
(A) 
New 
budget 
authority, 
-$53,659,000,000. 
(B) Outlays, -$51,411,000,000. 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$55,439,000,000. 
(B) Outlays, -$53,060,000,000. 
Fiscal year 2026: 
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(A) 
New 
budget 
authority, 
-$51,908,000,000. 
(B) Outlays, -$52,127,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
-$55,254,000,000. 
(B) Outlays, -$53,919,000,000. 
(20) Government-wide savings and adjustments 
(930): 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
$34,145,000,000. 
(B) Outlays, $2,778,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
-$1,555,000,000. 
(B) Outlays, -$2,528,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
-$67,381,000,000. 
(B) Outlays, -$47,665,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$120,155,000,000. 
(B) Outlays, -$97,069,000,000. 
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Fiscal year 2022: 
(A) 
New 
budget 
authority, 
-$153,376,000,000. 
(B) Outlays, -$137,459,000,000. 
Fiscal year 2023: 
(A) 
New 
budget 
authority, 
-$174,438,000,000. 
(B) Outlays, -$159,489,000,000. 
Fiscal year 2024: 
(A) 
New 
budget 
authority, 
-$194,373,000,000. 
(B) Outlays, -$179,541,000,000. 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$193,336,000,000. 
(B) Outlays, -$187,355,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
-$246,573,000,000. 
(B) Outlays, -$223,016,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
-$258,801,000,000. 
(B) Outlays, -$240,977,000,000. 
(21) Undistributed Offsetting Receipts (950): 
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Fiscal year 2018: 
(A) 
New 
budget 
authority, 
-$83,212,000,000. 
(B) Outlays, -$83,212,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
-$86,409,000,000. 
(B) Outlays, -$86,409,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
-$86,316,000,000. 
(B) Outlays, -$86,316,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$90,347,000,000. 
(B) Outlays, -$90,347,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
-$93,573,000,000. 
(B) Outlays, -$93,573,000,000. 
Fiscal year 2023: 
(A) 
New 
budget 
authority, 
-$100,001,000,000. 
(B) Outlays, -$100,001,000,000. 
Fiscal year 2024: 
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(A) 
New 
budget 
authority, 
-$105,371,000,000. 
(B) Outlays, -$105,371,000,000. 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$115,139,000,000. 
(B) Outlays, -$115,139,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
-$117,033,000,000. 
(B) Outlays, -$117,033,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
-$127,808,000,000. 
(B) Outlays, -$127,808,000,000. 
(22) Overseas Contingency Operations/Global 
War on Terrorism (970): 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
$86,591,000,000. 
(B) Outlays, $45,781,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
$60,000,000,000. 
(B) Outlays, $50,748,000,000. 
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HCON 71 PCS 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
$43,000,000,000. 
(B) Outlays, $43,076,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
$26,000,000,000. 
(B) Outlays, $31,635,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
$12,000,000,000. 
(B) Outlays, $18,768,000,000. 
Fiscal year 2023: 
(A) 
New 
budget 
authority, 
$12,000,000,000. 
(B) Outlays, $13,799,000,000. 
Fiscal year 2024: 
(A) 
New 
budget 
authority, 
$12,000,000,000. 
(B) Outlays, $11,957,000,000. 
Fiscal year 2025: 
(A) New budget authority, $0. 
(B) Outlays, $4,171,000,000. 
Fiscal year 2026: 
(A) New budget authority, $0. 
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(B) Outlays, $1,160,000,000. 
Fiscal year 2027: 
(A) New budget authority, $0. 
(B) Outlays, $165,000,000. 
(23) Across-the-Board Adjustment (990): 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
-$909,000,000. 
(B) Outlays, -$740,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
-$931,000,000. 
(B) Outlays, -$837,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
-$956,000,000. 
(B) Outlays, -$895,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$979,000,000. 
(B) Outlays, -$944,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
-$1,004,000,000. 
(B) Outlays, -$968,000,000. 
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Fiscal year 2023: 
(A) 
New 
budget 
authority, 
-$1,030,000,000. 
(B) Outlays, -$993,000,000. 
Fiscal year 2024: 
(A) 
New 
budget 
authority, 
-$1,056,000,000. 
(B) Outlays, -$1,018,000,000. 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$1,083,000,000. 
(B) Outlays, -$1,045,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
-$1,112,000,000. 
(B) Outlays, -$1,070,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
-$1,140,000,000. 
(B) Outlays, -$1,099,000,000. 
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TITLE II—RECONCILIATION AND 
RELATED MATTERS 
SEC. 201. RECONCILIATION IN THE HOUSE OF REPRESENT-
ATIVES. 
(a) SUBMISSIONS
PROVIDING
FOR
RECONCILI-
ATION.—Not later than October 6, 2017, the committees 
named in subsection (b) shall submit their recommenda-
tions on changes in laws within their jurisdictions to the 
Committee on the Budget that would achieve the specified 
reduction in the deficit for the period of fiscal years 2018 
through 2027. 
(b) INSTRUCTIONS.— 
(1) COMMITTEE ON AGRICULTURE.—The Com-
mittee on Agriculture shall submit changes in laws 
within its jurisdiction sufficient to reduce the deficit 
by $10,000,000,000 for the period of fiscal years 
2018 through 2027. 
(2) COMMITTEE
ON
ARMED
SERVICES.—The 
Committee on Armed Services shall submit changes 
in laws within its jurisdiction sufficient to reduce the 
deficit by $1,000,000,000 for the period of fiscal 
years 2018 through 2027. 
(3) COMMITTEE
ON
EDUCATION
AND
THE 
WORKFORCE.—The Committee on Education and 
the Workforce shall submit changes in laws within 
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its jurisdiction sufficient to reduce the deficit by 
$20,000,000,000 for the period of fiscal years 2018 
through 2027. 
(4) COMMITTEE ON ENERGY AND COMMERCE.— 
The Committee on Energy and Commerce shall sub-
mit changes in laws within its jurisdiction sufficient 
to reduce the deficit by $20,000,000,000 for the pe-
riod of fiscal years 2018 through 2027. 
(5) COMMITTEE ON FINANCIAL SERVICES.—The 
Committee on Financial Services shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $14,000,000,000 for the period 
of fiscal years 2018 through 2027. 
(6) COMMITTEE
ON
HOMELAND
SECURITY.— 
The Committee on Homeland Security shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $3,000,000,000 for the period 
of fiscal years 2018 through 2027. 
(7) COMMITTEE
ON
THE
JUDICIARY.—The 
Committee on the Judiciary shall submit changes in 
laws within its jurisdiction sufficient to reduce the 
deficit by $45,000,000,000 for the period of fiscal 
years 2018 through 2027. 
(8) COMMITTEE
ON
NATURAL
RESOURCES.— 
The Committee on Natural Resources shall submit 
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HCON 71 PCS 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $5,000,000,000 for the period 
of fiscal years 2018 through 2027. 
(9) COMMITTEE ON OVERSIGHT AND GOVERN-
MENT REFORM.—The Committee on Oversight and 
Government Reform shall submit changes in laws 
within its jurisdiction sufficient to reduce the deficit 
by $32,000,000,000 for the period of fiscal years 
2018 through 2027. 
(10) COMMITTEE
ON
VETERANS’ AFFAIRS.— 
The Committee on Veterans’ Affairs shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $1,000,000,000 for the period 
of fiscal years 2018 through 2027. 
(11) COMMITTEE ON WAYS AND MEANS.—The 
Committee on Ways and Means shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $52,000,000,000 for the period 
of fiscal years 2018 through 2027. 
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TITLE 
III—BUDGET 
ENFORCE-
MENT IN THE HOUSE OF REP-
RESENTATIVES 
Subtitle A—Budget Enforcement 
SEC. 301. POINT OF ORDER AGAINST INCREASING LONG- 
TERM DIRECT SPENDING. 
(a) POINT OF ORDER.—It shall not be in order in 
the House of Representatives to consider any bill or joint 
resolution, or amendment thereto or conference report 
thereon, that would cause a net increase in direct spending 
in excess of $2,500,000,000 in any of the 4 consecutive 
10-fiscal year periods described in subsection (b). 
(b) CONGRESSIONAL BUDGET OFFICE ANALYSIS OF 
PROPOSALS.—The Director of the Congressional Budget 
Office shall, to the extent practicable, prepare an estimate 
of whether a bill or joint resolution reported by a com-
mittee (other than the Committee on Appropriations), or 
amendment thereto or conference report thereon, would 
cause, relative to current law, a net increase in direct 
spending in the House of Representatives, in excess of 
$2,500,000,000 in any of the 4 consecutive 10-fiscal year 
periods beginning after the last fiscal year of this concur-
rent resolution. 
(c) LIMITATION.—In the House of Representatives, 
the provisions of this section shall not apply to any bills 
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or joint resolutions, or amendments thereto or conference 
reports thereon, for which the chair of the Committee on 
the Budget has made adjustments to the allocations, ag-
gregates, or other budgetary levels in this concurrent reso-
lution. 
(d) DETERMINATIONS
OF BUDGET LEVELS.—For 
purposes of this section, the levels of net increases in di-
rect spending shall be determined on the basis of estimates 
provided by the chair of the Committee on the Budget of 
the House of Representatives. 
(e) SUNSET.—This section shall have no force or ef-
fect after September 30, 2018. 
SEC. 302. ALLOCATION FOR OVERSEAS CONTINGENCY OP-
ERATIONS/GLOBAL WAR ON TERRORISM. 
(a) SEPARATE ALLOCATION FOR OVERSEAS CONTIN-
GENCY OPERATIONS/GLOBAL WAR ON TERRORISM.—In 
the House of Representatives, there shall be a separate 
allocation of new budget authority and outlays provided 
to the Committee on Appropriations for the purposes of 
Overseas Contingency Operations/Global War on Ter-
rorism, which shall be deemed to be an allocation under 
section 302(a) of the Congressional Budget Act of 1974. 
Section 302(a)(3) of such Act shall not apply to such sepa-
rate allocation. 
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(b) SECTION 302 ALLOCATIONS.—The separate allo-
cation referred to in subsection (a) shall be the exclusive 
allocation for Overseas Contingency Operations/Global 
War on Terrorism under section 302(b) of the Congres-
sional Budget Act of 1974. The Committee on Appropria-
tions of the House of Representatives may provide sub-
allocations of such separate allocation under such section 
302(b). 
(c) APPLICATION.—For purposes of enforcing the 
separate allocation referred to in subsection (a) under sec-
tion 302(f) of the Congressional Budget Act of 1974, the 
‘‘first fiscal year’’ and the ‘‘total of fiscal years’’ shall be 
deemed to refer to fiscal year 2018. Section 302(c) of such 
Act shall not apply to such separate allocation. 
(d) DESIGNATIONS.—New budget authority or out-
lays shall only be counted toward the allocation referred 
to in subsection (a) if designated pursuant to section 
251(b)(2)(A)(ii) of the Balanced Budget and Emergency 
Deficit Control Act of 1985. 
(e) ADJUSTMENTS.—For purposes of subsection (a) 
for fiscal year 2018, no adjustment shall be made under 
section 314(a) of the Congressional Budget Act of 1974 
if any adjustment would be made under section 
251(b)(2)(A)(ii) of the Balanced Budget and Emergency 
Deficit Control Act of 1985. 
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to the extent practicable, provide a fair-value estimate of 
such loan or loan guarantee program if requested by the 
chair of the Committee on the Budget of the House of 
Representatives. 
(b) STUDENT FINANCIAL ASSISTANCE AND HOUSING 
PROGRAMS.—The Director of the Congressional Budget 
Office shall provide, to the extent practicable, a fair-value 
estimate as part of any estimate for any measure that es-
tablishes or modifies a loan or loan guarantee program 
for student financial assistance or housing (including resi-
dential mortgage). 
(c) 
BASELINE
ESTIMATES.—The 
Congressional 
Budget Office shall include estimates, on a fair-value and 
credit reform basis, of loan and loan guarantee programs 
for student financial assistance, housing (including resi-
dential mortgage), and such other major loan and loan 
guarantee programs, as practicable, in its The Budget and 
Economic Outlook: 2018 to 2027. 
(d) ENFORCEMENT IN THE HOUSE OF REPRESENTA-
TIVES.—If the Director of the Congressional Budget Of-
fice provides an estimate pursuant to subsection (a) or (b), 
the chair of the Committee on the Budget of the House 
of Representatives may use such estimate to determine 
compliance with the Congressional Budget Act of 1974 
and other budget enforcement requirements. 
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HCON 71 PCS 
SEC. 307. ESTIMATES OF MACROECONOMIC EFFECTS OF 
MAJOR LEGISLATION. 
(a) CBO AND JCT ESTIMATES.—During the 115th 
Congress, any estimate of major legislation considered in 
the House of Representatives or the Senate provided by 
the Congressional Budget Office under section 402 of the 
Congressional Budget Act of 1974 or by the Joint Com-
mittee on Taxation to the Congressional Budget Office 
under section 201(f) of such Act shall, to the extent prac-
ticable, incorporate the budgetary effects of changes in 
economic output, employment, capital stock, and other 
macroeconomic variables resulting from such major legis-
lation. 
(b) CONTENTS.—Any estimate referred to in sub-
section (a) shall, to the extent practicable, include— 
(1) a qualitative assessment of the budgetary 
effects (including macroeconomic variables described 
in subsection (a)) of major legislation in the 20-fis-
cal year period beginning after the last fiscal year of 
the most recently agreed to concurrent resolution on 
the budget that sets forth budgetary levels required 
under section 301 of the Congressional Budget Act 
of 1974; and 
(2) an identification of the critical assumptions 
and the source of data underlying that estimate. 
(c) DEFINITIONS.—In this section: 
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(1) MAJOR
LEGISLATION.—The term ‘‘major 
legislation’’ means— 
(A) in the Senate, a bill, joint resolution, 
conference report, amendment, amendment be-
tween the Houses, or treaty— 
(i) for which an estimate is required 
to be prepared pursuant to section 402 of 
the Congressional Budget Act of 1974 (2 
U.S.C. 653) and that causes a gross budg-
etary effect (before incorporating macro-
economic effects and not including timing 
shifts) in a fiscal year in the period of 
years of the most recently agreed to con-
current resolution on the budget equal to 
or greater than— 
(I) 0.25 percent of the current 
projected gross domestic product of 
the United States for that fiscal year; 
or 
(II) for a treaty, equal to or 
greater than $15,000,000,000 for that 
fiscal year; or 
(ii) designated as such by— 
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(I) the chair of the Committee on 
the Budget of the Senate for all direct 
spending legislation; or 
(II) the Senator who is Chairman 
or Vice Chairman of the Joint Com-
mittee on Taxation for revenue legis-
lation; and 
(B) in the House of Representatives, a bill 
or joint resolution, or amendment thereto or 
conference report thereon— 
(i) for which an estimate is required 
to be prepared pursuant to section 402 of 
the Congressional Budget Act of 1974 (2 
U.S.C. 653) and that causes a gross budg-
etary effect (before incorporating macro-
economic effects and not including timing 
shifts) in a fiscal year in the period of 
years of the most recently agreed to con-
current resolution on the budget equal to 
or greater than 0.25 percent of the current 
projected gross domestic product of the 
United States for that fiscal year; or 
(ii) designated as such by— 
(I) the chair of the Committee on 
the Budget of the House of Rep-
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resentatives for all direct spending 
legislation; or 
(II) the Member who is Chair-
man or Vice Chairman of the Joint 
Committee on Taxation for revenue 
legislation. 
(2) BUDGETARY EFFECTS.—The term ‘‘budg-
etary effects’’ means changes in revenues, direct 
spending outlays, and deficits. 
(3) TIMING SHIFTS.—The term ‘‘timing shifts’’ 
means— 
(A) provisions that cause a delay of the 
date on which outlays flowing from direct 
spending would otherwise occur from one fiscal 
year to the next fiscal year; or 
(B) provisions that cause an acceleration 
of the date on which revenues would otherwise 
occur from one fiscal year to the prior fiscal 
year. 
SEC. 308. ADJUSTMENTS FOR IMPROVED CONTROL OF 
BUDGETARY RESOURCES. 
(a) ADJUSTMENTS OF DISCRETIONARY AND DIRECT 
SPENDING LEVELS.—In the House of Representatives, if 
a committee (other than the Committee on Appropria-
tions) reports a bill or joint resolution, or an amendment 
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thereto is offered or conference report thereon is sub-
mitted, providing for a decrease in direct spending (budget 
authority and outlays flowing therefrom) for any fiscal 
year and also provides for an authorization of appropria-
tions for the same purpose, upon the enactment of such 
measure, the chair of the Committee on the Budget may 
decrease the allocation to the applicable authorizing com-
mittee that reports such measure and increase the alloca-
tion of discretionary spending (budget authority and out-
lays flowing therefrom) to the Committee on Appropria-
tions for fiscal year 2018 by an amount equal to the new 
budget authority (and outlays flowing therefrom) provided 
for in a bill or joint resolution making appropriations for 
the same purpose. 
(b) DETERMINATIONS.—In the House of Representa-
tives, for purposes of enforcing this concurrent resolution, 
the allocations and aggregate levels of new budget author-
ity, outlays, direct spending, revenues, deficits, and sur-
pluses for fiscal year 2018 and the total of fiscal years 
2018 through 2027 shall be determined on the basis of 
estimates made by the chair of the Committee on the 
Budget and such chair may adjust the applicable levels 
in this concurrent resolution. 
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SEC. 309. SCORING RULE FOR ENERGY SAVINGS PERFORM-
ANCE CONTRACTS. 
(a) IN GENERAL.—The Director of the Congressional 
Budget Office shall estimate provisions of any bill or joint 
resolution, or amendment thereto or conference report 
thereon, that provides the authority to enter into or mod-
ify any covered energy savings contract on a net present 
value basis (NPV). 
(b) NPV CALCULATIONS.—The net present value of 
any covered energy savings contract shall be calculated as 
follows: 
(1) The discount rate shall reflect market risk. 
(2) The cash flows shall include, whether classi-
fied as mandatory or discretionary, payments to con-
tractors under the terms of their contracts, pay-
ments to contractors for other services, and direct 
savings in energy and energy-related costs. 
(3) The stream of payments shall cover the pe-
riod covered by the contracts but not to exceed 25 
years. 
(c) DEFINITION.—As used in this section, the term 
‘‘covered energy savings contract’’ means— 
(1) an energy savings performance contract au-
thorized under section 801 of the National Energy 
Conservation Policy Act; or 
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(2) a utility energy service contract, as de-
scribed in the Office of Management and Budget 
Memorandum on Federal Use of Energy Savings 
Performance Contracting, dated July 25, 1998 (M– 
98–13), and the Office of Management and Budget 
Memorandum on the Federal Use of Energy Saving 
Performance Contracts and Utility Energy Service 
Contracts, dated September 28, 2015 (M–12–21), or 
any successor to either memorandum. 
(d) ENFORCEMENT IN THE HOUSE OF REPRESENTA-
TIVES.—In the House of Representatives, if any net 
present value of any covered energy savings contract cal-
culated under subsection (b) results in a net savings, then 
the budgetary effects of such contract shall not be counted 
for purposes of titles III and IV of the Congressional 
Budget Act of 1974, this concurrent resolution, or clause 
10 of rule XXI of the Rules of the House of Representa-
tives. 
(e) CLASSIFICATION OF SPENDING.—For purposes of 
budget enforcement, the estimated net present value of the 
budget authority provided by the measure, and outlays 
flowing therefrom, shall be classified as direct spending. 
(f) SENSE OF THE HOUSE OF REPRESENTATIVES.— 
It is the sense of the House of Representatives that— 
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(1) the Director of the Office of Management 
and Budget, in consultation with the Director of the 
Congressional Budget Office, should separately iden-
tify the cash flows under subsection (b)(2) and in-
clude such information in the President’s annual 
budget submission under section 1105(a) of title 31, 
United States Code; and 
(2) the scoring method used in this section 
should not be used to score any contracts other than 
covered energy savings contracts. 
SEC. 310. LIMITATION ON TRANSFERS FROM THE GENERAL 
FUND OF THE TREASURY TO THE HIGHWAY 
TRUST FUND. 
In the House of Representatives, for purposes of the 
Congressional Budget Act of 1974, the Balanced Budget 
and Emergency Deficit Control Act of 1985, and the rules 
or orders of the House of Representatives, a bill or joint 
resolution, or an amendment thereto or conference report 
thereon, that transfers funds from the general fund of the 
Treasury to the Highway Trust Fund shall be counted as 
new budget authority and outlays equal to the amount of 
the transfer in the fiscal year the transfer occurs. 
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SEC. 311. PROHIBITION ON USE OF FEDERAL RESERVE 
SURPLUSES AS AN OFFSET. 
In the House of Representatives, any provision of a 
bill or joint resolution, or amendment thereto or con-
ference report thereon, that transfers any portion of the 
net surplus of the Federal Reserve System to the general 
fund of the Treasury shall not be counted for purposes 
of enforcing the Congressional Budget Act of 1974, this 
concurrent resolution, or clause 10 of rule XXI of the 
Rules of the House of Representatives. 
SEC. 312. PROHIBITION ON USE OF GUARANTEE FEES AS 
AN OFFSET. 
In the House of Representatives, any provision of a 
bill or joint resolution, or amendment thereto or con-
ference report thereon, that increases, or extends the in-
crease of, any guarantee fees of the Federal National 
Mortgage Association (Fannie Mae) or the Federal Home 
Loan Mortgage Corporation (Freddie Mac) shall not be 
counted for purposes of enforcing the Congressional Budg-
et Act of 1974, this concurrent resolution, or clause 10 
of rule XXI of the Rules of the House of Representatives. 
Subtitle B—Other Provisions 
SEC. 321. BUDGETARY TREATMENT OF ADMINISTRATIVE 
EXPENSES. 
(a) IN GENERAL.—In the House of Representatives, 
notwithstanding section 302(a)(1) of the Congressional 
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Budget Act of 1974, section 13301 of the Budget Enforce-
ment Act of 1990, and section 2009a of title 39, United 
States Code, the report or the joint explanatory statement, 
as applicable, accompanying this concurrent resolution 
shall include in its allocation to the Committee on Appro-
priations under section 302(a) of the Congressional Budg-
et Act of 1974 amounts for the discretionary administra-
tive expenses of the Social Security Administration and 
the United States Postal Service. 
(b) SPECIAL RULE.—In the House of Representa-
tives, for purposes of enforcing section 302(f) of the Con-
gressional Budget Act of 1974, estimates of the levels of 
total new budget authority and total outlays provided by 
a measure shall include any discretionary amounts de-
scribed in subsection (a). 
SEC. 322. APPLICATION AND EFFECT OF CHANGES IN ALLO-
CATIONS AND AGGREGATES. 
(a) APPLICATION.—In the House of Representatives, 
any adjustments of the allocations, aggregates, and other 
budgetary levels made pursuant to this concurrent resolu-
tion shall— 
(1) apply while that measure is under consider-
ation; 
(2) take effect upon the enactment of that 
measure; and 
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(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 the allo-
cations and aggregates contained in this concurrent reso-
lution. 
(c) BUDGET COMMITTEE DETERMINATIONS.—For 
purposes of this concurrent resolution, the budgetary lev-
els for a fiscal year or period of fiscal years shall be deter-
mined on the basis of estimates made by the chair of the 
Committee on the Budget of the House of Representa-
tives. 
(d) AGGREGATES, ALLOCATIONS
AND
APPLICA-
TION.—In the House of Representatives, for purposes of 
this concurrent resolution and budget enforcement, the 
consideration of any bill or joint resolution, or amendment 
thereto or conference report thereon, for which the chair 
of the Committee on the Budget makes adjustments or 
revisions in the allocations, aggregates, and other budg-
etary levels of this concurrent resolution shall not be sub-
ject to the points of order set forth in clause 10 of rule 
XXI of the Rules of the House of Representatives or sec-
tion 301 of this concurrent resolution. 
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(e) OTHER ADJUSTMENTS.—The chair of the Com-
mittee on the Budget of the House of Representatives may 
adjust other appropriate levels in this concurrent resolu-
tion depending on congressional action on pending rec-
onciliation legislation. 
SEC. 323. ADJUSTMENTS TO REFLECT CHANGES IN CON-
CEPTS AND DEFINITIONS. 
In the House of Representatives, the chair of the 
Committee on the Budget may adjust the appropriate ag-
gregates, allocations, and other budgetary levels in this 
concurrent resolution for any change in budgetary con-
cepts and definitions consistent with section 251(b)(1) of 
the Balanced Budget and Emergency Deficit Control Act 
of 1985. 
SEC. 324. ADJUSTMENT FOR CHANGES IN THE BASELINE. 
In the House of Representatives, the chair of the 
Committee on the Budget may adjust the allocations, ag-
gregates, reconciliation targets, and other appropriate 
budgetary levels in this concurrent resolution to reflect 
changes resulting from the Congressional Budget Office’s 
update to its baseline for fiscal years 2018 through 2027. 
SEC. 325. APPLICATION OF RULE REGARDING LIMITS ON 
DISCRETIONARY SPENDING. 
Section 314(f) of the Congressional Budget Act of 
1974 shall not apply in the House of Representatives to 
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TITLE IV—RESERVE FUNDS IN 
THE HOUSE OF REPRESENTA-
TIVES 
SEC. 401. RESERVE FUND FOR COMMERCIALIZATION OF 
AIR TRAFFIC CONTROL. 
(a) IN GENERAL.—In the House of Representatives, 
the chair of the Committee on the Budget may adjust, 
at a time the chair deems appropriate, the section 302(a) 
allocation to the Committee on Transportation and Infra-
structure and other applicable committees of the House 
of Representatives, aggregates, and other appropriate lev-
els established in this concurrent resolution for a bill or 
joint resolution, or amendment thereto or conference re-
port thereon, that commercializes the operations of the air 
traffic control system if such measure reduces the discre-
tionary spending limits in section 251(c) of the Balanced 
Budget and Emergency Deficit Control Act of 1985 by 
the amount that would otherwise be appropriated to the 
Federal Aviation Administration for air traffic control. 
Adjustments to the section 302(a) allocation to the Com-
mittee on Appropriations, consistent with the adjustments 
to the discretionary spending limits under such section 
251(c), shall only be made upon enactment of such meas-
ure. 
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(b) DEFINITION.—For purposes of this section, a 
measure that commercializes the operations of the air traf-
fic control system shall be a measure that establishes a 
Federally-chartered, not-for-profit corporation that— 
(1) is authorized to provide air traffic control 
services within the United States airspace; 
(2) sets user fees to finance its operations; 
(3) may borrow from private capital markets to 
finance improvements; 
(4) is governed by a board of directors com-
posed of a CEO and directors whose fiduciary duty 
is to the entity; and 
(5) becomes the employer of those employees di-
rectly connected to providing air traffic control serv-
ices and who the Secretary transfers from the Fed-
eral Government. 
SEC. 402. RESERVE FUND FOR INVESTMENTS IN NATIONAL 
INFRASTRUCTURE. 
In the House of Representatives, the chair of the 
Committee on the Budget may adjust the allocations, ag-
gregates, and other appropriate levels in this concurrent 
resolution for any bill or joint resolution, or amendment 
thereto or conference report thereon, that invests in na-
tional infrastructure to the extent that such measure is 
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deficit neutral for the total of fiscal years 2018 through 
2027. 
SEC. 403. RESERVE FUND FOR COMPREHENSIVE TAX RE-
FORM. 
In the House of Representatives, if the Committee 
on Ways and Means reports a bill or joint resolution that 
provides for comprehensive tax reform, the chair of the 
Committee on the Budget may adjust the allocations, ag-
gregates, and other appropriate budgetary levels in this 
concurrent resolution for the budgetary effects of any such 
bill or joint resolution, or amendment thereto or con-
ference report thereon, if such measure would not increase 
the deficit for the total of fiscal years 2018 through 2027. 
SEC. 404. RESERVE FUND FOR THE STATE CHILDREN’S 
HEALTH INSURANCE PROGRAM. 
In the House of Representatives, the chair of the 
Committee on the Budget may adjust the allocations, 
budget aggregates and other appropriate levels in this con-
current resolution for the budgetary effects of any bill or 
joint resolution, or amendment thereto or conference re-
port thereon, that extends the State Children’s Health In-
surance Program allotments, if such measure would not 
increase the deficit for the total of fiscal years 2018 
through 2027. 
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SEC. 405. RESERVE FUND FOR THE REPEAL OR REPLACE-
MENT OF PRESIDENT OBAMA’S HEALTH CARE 
LAWS. 
In the House of Representatives, the chair of the 
Committee on the Budget may revise the allocations, ag-
gregates, and other appropriate budgetary levels in this 
concurrent resolution for the budgetary effects of any bill 
or joint resolution, or amendment thereto or conference 
report thereon, that repeals or replaces any provision of 
the Patient Protection and Affordable Care Act or title 
I or subtitle B of title II of the Health Care and Education 
Reconciliation Act of 2010 by the amount of budget au-
thority and outlays flowing therefrom provided by such 
measure for such purpose. 
TITLE V—POLICY STATEMENTS 
IN 
THE 
HOUSE 
OF 
REP-
RESENTATIVES 
SEC. 501. POLICY STATEMENT ON A BALANCED BUDGET 
AMENDMENT. 
(a) FINDINGS.—The House finds the following: 
(1) In fiscal year 2017, the Federal Govern-
ment will collect approximately $3.3 trillion in taxes, 
but spend more than $4.0 trillion to maintain its op-
erations, borrowing 15 cents of every Federal dollar 
spent. 
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(2) At the end of fiscal year 2016, the national 
debt of the United States was more than $19.5 tril-
lion. 
(3) A majority of States have petitioned the 
Federal Government to hold a constitutional conven-
tion to adopt a balanced budget amendment to the 
Constitution. 
(4) As of the spring of 2016, 46 States have re-
quirements to annually balance their respective 
budgets. 
(5) Numerous balanced budget amendment pro-
posals have been introduced on a bipartisan basis in 
the House. Currently in the 115th Congress, 8 joint 
resolutions proposing a balanced budget amendment 
have been introduced. 
(6) In the 111th Congress, the House consid-
ered H. J. Res. 2, sponsored by Representative Rob-
ert W. Goodlatte of Virginia. Although it received 
262 aye votes, it did not receive the two-thirds re-
quired for passage. 
(7) In 1995, a balanced budget amendment to 
the Constitution passed the House with bipartisan 
support, but failed to pass by one vote in the United 
States Senate. 
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(8) Five States, Georgia, Alaska, Mississippi, 
North Dakota, and Arizona, have agreed to the 
Compact for a Balanced Budget, which seeks to 
amend the Constitution to require a balanced budget 
through an Article V convention by April 12, 2021. 
(b) POLICY ON A BALANCED BUDGET CONSTITU-
TIONAL AMENDMENT.—It is the policy of this concurrent 
resolution that the House should propose a balanced budg-
et constitutional amendment for ratification by the States. 
SEC. 502. POLICY STATEMENT ON BUDGET PROCESS RE-
FORM. 
It is the policy of this concurrent resolution that the 
House should enact legislation that reforms the congres-
sional budget process to— 
(1) reassert congressional control over the 
budget process by reorienting the Views and Esti-
mates that committees submit to the Committee on 
the Budget, as required under 301(d) of the Con-
gressional Budget Act of 1974, to emphasize con-
gressional rather than executive branch priorities; 
(2) strengthen enforcement of budgetary rules 
and requirements by— 
(A) enabling Members of the House of 
Representatives to enforce budget requirements 
in a manner that does not jeopardize the ability 
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of the majority to work its will on legislation; 
and 
(B) permitting members of Congress to de-
termine whether emergency-designated appro-
priations are for unanticipated situations that 
pose a threat to life, property, or national secu-
rity; 
(3) increase control over the costs of Federal 
activities by— 
(A) incorporating debt service costs into 
cost estimates prepared by the Congressional 
Budget Office; 
(B) establishing a process for setting limits 
on the amount of debt incurred by the Federal 
Government from the private sector as a share 
of the economy that requires congressional ac-
tion if such limits deviate from those previously 
determined by Congress and the President; 
(C) transitioning to fair-value accounting; 
(D) budgeting for Federal insurance pro-
grams on an accrual basis; and 
(E) developing and implementing a regu-
latory budget as provided in section 503; 
(4) achieve greater control over mandatory 
spending by reforming reconciliation procedures and 
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requirements to ensure they are transparent, objec-
tively applied, and maximize opportunities for deficit 
reduction; 
(5) increase the efficiency of the congressional 
budget process by— 
(A) realigning the budget cycle with the 
calendar year and the congressional calendar; 
(B) simplifying the procedures by which 
the Committee on Appropriations adjusts its 
section 302(b) suballocations to ensure they are 
consistent with the Committee’s overall section 
302(a) allocation; and 
(C) increasing congressional accountability 
for budget decisions; 
(6) improve the transparency of the Federal 
Government’s obligations by— 
(A) modifying the content of the budget 
resolution to reflect the budgetary decisions 
that Congress actually makes and enforces; 
(B) requiring the Comptroller General to 
periodically report to Congress on the consoli-
dated financial report of the Federal Govern-
ment; and 
(C) restructuring the baseline, as set forth 
in section 257 of the Balanced Budget and 
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Emergency Deficit Control Act of 1985, to 
treat mandatory spending and revenue on a 
comparable basis; and 
(7) achieve control over long-term budget obli-
gations by— 
(A) establishing declining limits on the 
amount of debt incurred by the Federal Govern-
ment from the private sector as a share of the 
economy that requires congressional action if 
such limits deviate from those previously deter-
mined by Congress and the President; and 
(B) codifying limits on the amount legisla-
tion can increase the deficit beyond the ten fis-
cal-year period of the concurrent resolution on 
the budget. 
SEC. 503. POLICY STATEMENT ON FEDERAL REGULATORY 
BUDGETING AND REFORM. 
(a) FINDINGS.—The House finds the following: 
(1) Federal regulations are estimated to cost 
$1.9 trillion per year or approximately $15,000 per 
household. Such costs exceed 10 percent of the 
Gross Domestic Product of the United States. 
(2) Excessive Federal regulation— 
(A) retards job creation, investment, 
wages, competition, and economic growth, slow-
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ing the Nation’s recovery from economic reces-
sion and harming American households; 
(B) operates as a regressive tax on poor 
and lower-income households; 
(C) displaces workers into long-term unem-
ployment or lower-paying jobs; 
(D) adversely affects small businesses, the 
primary source of new jobs; and 
(E) impedes the economic growth nec-
essary to provide sufficient funds to meet vital 
commitments and reduce the Federal debt. 
(3) Federal agencies do not systematically ana-
lyze both the costs and benefits of new regulations 
or identify and eliminate, minimize, or mitigate ex-
cess regulatory costs through post-implementation 
assessments of their regulations. 
(4) Agencies too often impose costly regulations 
without relying on sound science, through the use of 
agency guidance, judicial consent decrees, and settle-
ment agreements, and through the abuse of high in-
terim compliance costs imposed on regulated entities 
that bring legal challenges against newly promul-
gated regulations. 
(5) Congress lacks an effective mechanism to 
manage the level of new Federal regulatory costs im-
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fair-value basis to fully capture the risk associated 
with these programs. 
(b) POLICY ON FEDERAL ACCOUNTING METHODOLO-
GIES.—It is the policy of this concurrent resolution that 
the House should, in consultation with CBO and other ap-
propriate stakeholders, reform government-wide budget 
and accounting practices so Members and the public can 
better understand the fiscal condition of the United States 
and the best options to improve it. Such reforms may in-
clude the following: 
(1) Providing additional metrics to enhance 
analysis by considering the Nation’s fiscal condition 
comprehensively, over an extended time period, and 
how it affects Americans of various age cohorts. 
(2) Expanding the use of accrual accounting 
where appropriate. 
(3) Accounting for certain Federal credit pro-
grams using fair-value accounting to better capture 
market risk. 
SEC. 506. POLICY STATEMENT ON COMMISSION ON BUDGET 
CONCEPTS. 
(a) FINDINGS.—The Congress finds the following: 
(1) In 1965, the President’s Commission on 
Budget Concepts made a series of recommendations 
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