•HCON 34 EH 
(A) 
New 
budget 
authority, 
$899,690,000,000. 
(B) Outlays, $899,690,000,000. 
(19) Allowances (920): 
Fiscal year 2012: 
(A) 
New 
budget 
authority, 
-$6,299,000,000. 
(B) Outlays, -$2,626,000,000. 
Fiscal year 2013: 
(A) 
New 
budget 
authority, 
-$4,386,000,000. 
(B) Outlays, -$5,545,000,000. 
Fiscal year 2014: 
(A) 
New 
budget 
authority, 
-$10,247,000,000. 
(B) Outlays, -$11,263,000,000. 
Fiscal year 2015: 
(A) 
New 
budget 
authority, 
-$16,340,000,000. 
(B) Outlays, -$16,946,000,000. 
Fiscal year 2016: 
(A) 
New 
budget 
authority, 
-$22,243,000,000. 
(B) Outlays, -$22,809,000,000. 
Fiscal year 2017:
•HCON 34 EH 
(A) 
New 
budget 
authority, 
-$27,786,000,000. 
(B) Outlays, -$27,637,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
-$33,072,000,000. 
(B) Outlays, -$32,959,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
-$38,404,000,000. 
(B) Outlays, -$38,286,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
-$43,684,000,000. 
(B) Outlays, -$43,594,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$49,060,000,000. 
(B) Outlays, -$48,947,000,000. 
(20) Undistributed Offsetting Receipts (950): 
Fiscal year 2012: 
(A) 
New 
budget 
authority, 
-$84,517,000,000. 
(B) Outlays, -$84,517,000,000. 
Fiscal year 2013:
•HCON 34 EH 
(A) 
New 
budget 
authority, 
-$81,449,000,000. 
(B) Outlays, -$81,449,000,000. 
Fiscal year 2014: 
(A) 
New 
budget 
authority, 
-$82,695,000,000. 
(B) Outlays, -$82,695,000,000. 
Fiscal year 2015: 
(A) 
New 
budget 
authority, 
-$84,857,000,000. 
(B) Outlays, -$84,857,000,000. 
Fiscal year 2016: 
(A) 
New 
budget 
authority, 
-$85,946,000,000. 
(B) Outlays, -$85,946,000,000. 
Fiscal year 2017: 
(A) 
New 
budget 
authority, 
-$91,248,000,000. 
(B) Outlays, -$91,248,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
-$97,099,000,000. 
(B) Outlays, -$97,099,000,000. 
Fiscal year 2019:
•HCON 34 EH 
(A) 
New 
budget 
authority, 
-$101,718,000,000. 
(B) Outlays, -$101,718,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
-$105,645,000,000. 
(B) Outlays, -$105,645,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$110,174,000,000. 
(B) Outlays, -$110,174,000,000. 
(21) Global War on Terrorism and related ac-
tivities (970): 
Fiscal year 2012: 
(A) 
New 
budget 
authority, 
$126,544,000,000. 
(B) Outlays, $117,835,000,000. 
Fiscal year 2013: 
(A) 
New 
budget 
authority, 
$50,000,000,000. 
(B) Outlays, $92,661,000,000. 
Fiscal year 2014: 
(A) 
New 
budget 
authority, 
$50,000,000,000. 
(B) Outlays, $64,878,000,000.
•HCON 34 EH 
Fiscal year 2015: 
(A) 
New 
budget 
authority, 
$50,000,000,000. 
(B) Outlays, $54,401,000,000. 
Fiscal year 2016: 
(A) 
New 
budget 
authority, 
$50,000,000,000. 
(B) Outlays, $50,929,000,000. 
Fiscal year 2017: 
(A) 
New 
budget 
authority, 
$50,000,000,000. 
(B) Outlays, $50,147,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
$50,000,000,000. 
(B) Outlays, $49,851,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
$50,000,000,000. 
(B) Outlays, $49,784,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
$50,000,000,000. 
(B) Outlays, $49,769,000,000. 
Fiscal year 2021:
•HCON 34 EH 
(A) 
New 
budget 
authority, 
$50,000,000,000. 
(B) Outlays, $49,769,000,000. 
TITLE II—RECOMMENDED LEV-
ELS AND AMOUNTS FOR FIS-
CAL YEARS 2030, 2040, AND 
2050 
SEC. 201. POLICY STATEMENT ON LONG-TERM BUDGETING. 
The following are the recommended budget levels for 
each of fiscal years 2030, 2040, and 2050 as a percent 
of the gross domestic product of the United States: 
(1) FEDERAL REVENUES.—The appropriate lev-
els of Federal revenues are as follows: 
Fiscal year 2030: 19 percent. 
Fiscal year 2040: 19 percent. 
Fiscal year 2050: 19 percent. 
(2) BUDGET OUTLAYS.—The appropriate levels 
of total budget outlays are as follows: 
Fiscal year 2030: 20.75 percent. 
Fiscal year 2040: 18.75 percent. 
Fiscal year 2050: 14.75 percent. 
(3) DEFICITS.—The appropriate amounts of 
deficits are as follows: 
Fiscal year 2030: -1.75 percent. 
Fiscal year 2040: 0.25 percent.
•HCON 34 EH 
Fiscal year 2050: 4.25 percent. 
(4) DEBT HELD BY THE PUBLIC.—The appro-
priate levels of debt held by the public are as follows: 
Fiscal year 2030: 64 percent. 
Fiscal year 2040: 48 percent. 
Fiscal year 2050: 10 percent. 
TITLE III—RESERVES AND 
CONTINGENCIES 
SEC. 301. COSTS OF THE GLOBAL WAR ON TERRORISM. 
In the House, if any bill, joint resolution, amendment, 
or conference report makes appropriations for fiscal year 
2012 for the global war on terrorism and other activities 
and such amounts are so designated pursuant to this para-
graph, then the allocation to the House Committee on Ap-
propriations and the discretionary spending limits set 
forth in section 401 may be adjusted by the amounts pro-
vided in such legislation for that purpose up to the 
amounts of budget authority specified in section 102(21) 
for fiscal year 2012 and the new outlays resulting there-
from. 
SEC. 302. EFFECTIVE DATE. 
Section 3(c) of House Resolution 5 (112th Congress) 
shall have force and effect through May 31, 2011.
•HCON 34 EH 
SEC. 303. RESERVE FUND FOR HEALTH CARE REFORM. 
In the House, the chairman of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels in this resolution for the budgetary ef-
fects of any bill, joint resolution, amendment, or con-
ference report that repeals the Patient Protection and Af-
fordable Care Act or the Health Care and Education Rec-
onciliation Act of 2010. 
SEC. 304. RESERVE FUND FOR THE SUSTAINABLE GROWTH 
RATE OF THE MEDICARE PROGRAM. 
In the House, the chairman of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels in this resolution for the budgetary ef-
fects of any bill, joint resolution, amendment, or con-
ference report that includes provisions amending or super-
seding the system for updating payments under section 
1848 of the Social Security Act, if such measure does not 
increase the deficit in the period of fiscal years 2012 
through 2021. 
SEC. 305. RESERVE FUND FOR DEFICIT-NEUTRAL REVENUE 
MEASURES. 
If any bill reported by the Committee on Ways and 
Means, or amendment thereto or conference report there-
on, decreases revenue, the chair of the Committee on the 
Budget may adjust the allocations and aggregates of this 
concurrent resolution, if such measure would not increase
•HCON 34 EH 
the deficit over the period of fiscal years 2012 through 
2021. 
SEC. 306. DEFICIT-NEUTRAL RESERVE FUND FOR RURAL 
COUNTIES AND SCHOOLS. 
In the House, the chairman of the Committee on the 
Budget may revise the allocations of a committee or com-
mittees, aggregates, and other appropriate levels and lim-
its in this resolution for one or more bills, joint resolu-
tions, amendments, motions, or conference reports that 
make changes to or provide for the reauthorization of the 
Secure Rural Schools and Community Self Determination 
Act of 2000 (Public Law 106–393) or make changes to 
the Payments in Lieu of Taxes Act of 1976 (Public Law 
94–565), or both, by the amounts provided by that legisla-
tion for those purposes, provided that such legislation 
would not increase the deficit or direct spending over ei-
ther the period of the total of fiscal years 2012 through 
2021 or the period of the total of fiscal years 2012 
through 2016, or for fiscal year 2012. 
TITLE IV—BUDGET 
ENFORCEMENT 
SEC. 401. DISCRETIONARY SPENDING LIMITS. 
(a) DISCRETIONARY SPENDING LIMITS.—Spending 
limits for total discretionary Federal spending are— 
fiscal year 2012—
•HCON 34 EH 
(1) 
new 
budget 
authority, 
$1,019,402,000,000; and 
(2) outlays, $1,170,384,000,000; 
fiscal year 2013— 
(1) 
new 
budget 
authority, 
$1,027,896,000,000; and 
(2) outlays, $1,113,298,000,000; 
fiscal year 2014— 
(1) 
new 
budget 
authority, 
$1,038,537,000,000; and 
(2) outlays, $1,094,740,000,000; 
fiscal year 2015— 
(1) 
new 
budget 
authority, 
$1,046,680,000,000; and 
(2) outlays, $1,089,081,000,000; 
fiscal year 2016— 
(1) 
new 
budget 
authority, 
$1,055,779,000,000; and 
(2) outlays, $1,093,043,000,000; 
fiscal year 2017— 
(1) 
new 
budget 
authority, 
$1,067,794,000,000; and 
(2) outlays, $1,098,357,000,000; 
fiscal year 2018—
•HCON 34 EH 
(1) 
new 
budget 
authority, 
$1,085,259,000,000; and 
(2) outlays, $1,105,668,000,000; 
fiscal year 2019— 
(1) 
new 
budget 
authority, 
$1,103,802,000,000; and 
(2) outlays, $1,126,521,000,000; 
fiscal year 2020— 
(1) 
new 
budget 
authority, 
$1,122,611,000,000; and 
(2) outlays, $1,145,102,000,000; and 
fiscal year 2021— 
(1) 
new 
budget 
authority, 
$1,141,640,000,000; and 
(2) outlays, $1,167,939,000,000. 
(b) ENFORCEMENT.—In the House, it shall not be 
in order to consider any bill or joint resolution, or amend-
ment thereto or conference report thereon, that causes dis-
cretionary budget authority to exceed any level set forth 
in subsection (a). 
SEC. 402. LIMITATION ON ADVANCE APPROPRIATIONS. 
(a) IN GENERAL.—In the House, except as provided 
in subsection (b), any bill, joint resolution, an amendment 
thereto or conference report thereon, making a general ap-
•HCON 34 EH 
propriation or continuing appropriation may not provide 
for advance appropriations. 
(b) EXCEPTIONS.—An advance appropriation may be 
provided for programs, projects, activities, or accounts re-
ferred to in subsection (c)(1) or identified in the report 
to accompany this resolution or the joint explanatory 
statement of managers to accompany this resolution under 
the heading ‘‘Accounts Identified for Advance Appropria-
tions’’. 
(c) LIMITATIONS.—For fiscal year 2013, the aggre-
gate amount of advance appropriation shall not exceed— 
(1) $52,541,000,000 for the following programs 
in the Department of Veterans Affairs— 
(A) Medical Services; 
(B) Medical Support and Compliance; and 
(C) Medical Facilities accounts of the Vet-
erans Health Administration; and 
(2) $28,852,000,000 in new budget authority 
for all other programs. 
(d) DEFINITION.—In this section, the term ‘‘advance 
appropriation’’ means any new discretionary budget au-
thority provided in a bill or joint resolution making gen-
eral appropriations or any new discretionary budget au-
thority provided in a bill or joint resolution making con-
tinuing appropriations for fiscal year 2013.
•HCON 34 EH 
fiscal year and also provides for an authorization of appro-
priations for the same purpose, upon the enactment of 
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.
•HCON 34 EH 
(2) In this paragraph, the applicable concurrent reso-
lution on the budget is the one most recently adopted be-
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
•HCON 34 EH 
Government Reform that reforms the Federal retirement 
system, but does not cause a net increase in the deficit 
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.
•HCON 34 EH 
(d) EXEMPTIONS.—Any legislation for which the 
chairman of the Committee on the Budget makes adjust-
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.
•HCON 34 EH 
SEC. 409. EXERCISE OF RULEMAKING POWERS. 
(a) IN GENERAL.—The House adopts the provisions 
of this title— 
(1) as an exercise of the rulemaking power of 
the House of Representatives and as such they shall 
be considered as part of the rules of the House, and 
these rules shall supersede other rules only to the 
extent that they are inconsistent with other such 
rules; and 
(2) with full recognition of the constitutional 
right of the House of Representatives to change 
those rules at any time, in the same manner, and to 
the same extent as in the case of any other rule of 
the House of Representatives. 
(b) LIMITATION
ON APPLICATION.—The following 
provisions of H. Res. 5 (112th Congress) shall no longer 
have force or effect: 
(1) Section 3(e) relating to advance appropria-
tions. 
(2) Section 3(f) relating to the treatment of off- 
budget administrative expenses. 
(3) Section 3(g) relating to a long-term spend-
ing point of order. 
TITLE V—POLICY 
SEC. 501. POLICY STATEMENT ON MEDICARE. 
(a) FINDINGS.—The House finds the following:
•HCON 34 EH 
(1) More than 46 million Americans depend on 
Medicare for their health security. 
(2) The Medicare Trustees report has repeat-
edly recommended that Medicare’s long-term finan-
cial challenges be addressed soon. Each year without 
reform, the financial condition of Medicare becomes 
more precarious and the threat to those in and near 
retirement becomes more pronounced. According to 
the Congressional Budget Office— 
(A) the Hospital Insurance Trust Fund 
will be exhausted in 2020 and unable to pay 
scheduled benefits; and 
(B) Medicare spending is growing faster 
than the economy. Medicare outlays are cur-
rently rising at a rate of 7.2 percent per year, 
and under CBO’s alternative fiscal scenario, 
mandatory spending on Medicare is projected to 
reach 7 percent of GDP by 2035 and 14 per-
cent of GDP by 2080. 
(3) Failing to address this problem will leave 
millions of American seniors without adequate health 
security and younger generations burdened with 
enormous debt to pay for spending levels that cannot 
be sustained.