I 
112TH CONGRESS 
2D SESSION 
H. R. 4825 
To amend the Congressional Budget Act of 1974 to establish a point of 
order to prohibit the extension of the statutory debt limit unless a 
concurrent resolution on the budget has been agreed to and is in effect, 
Federal spending is cut and capped, and a balanced budget amendment 
to the constitution has been sent to the States for ratification, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 26, 2012 
Mr. SULLIVAN (for himself, Mr. TERRY, Mr. ROSS of Florida, and Mr. FLO-
RES) introduced the following bill; which was referred to the Committee 
on Rules, and in addition to the Committee on the Budget, for a period 
to be subsequently determined by the Speaker, in each case for consider-
ation of such provisions as fall within the jurisdiction of the committee 
concerned 
A BILL 
To amend the Congressional Budget Act of 1974 to establish 
a point of order to prohibit the extension of the statutory 
debt limit unless a concurrent resolution on the budget 
has been agreed to and is in effect, Federal spending 
is cut and capped, and a balanced budget amendment 
to the constitution has been sent to the States for ratifi-
cation, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Congressional Ac-
countability in Budgeting and Spending Act’’. 
SEC. 2. POINT OF ORDER AGAINST CONSIDERATION OF 
DEBT LIMIT EXTENSION. 
(a) IN GENERAL.—Title III of the Congressional 
Budget Act of 1974 is amended by adding at the end the 
following new section: 
‘‘SEC. 316. POINT OF ORDER AGAINST CONSIDERATION OF 
EXTENSION OF STATUTORY DEBT LIMIT. 
‘‘(a) POINT OF ORDER AGAINST CONSIDERATION OF 
EXTENSION OF STATUTORY DEBT LIMIT.—It shall not be 
in order in the House of Representatives or the Senate 
to consider any bill or joint resolution, or amendment 
thereto or conference report thereon, to extend the statu-
tory debt limit unless— 
‘‘(1)(A) in the case of fiscal year 2013, the con-
current resolution on the budget for that fiscal year 
has been agreed to and is in effect for the fiscal year 
during which such measure is being considered and 
provides for an allocation under section 302(a) of 
new discretionary budget authority for fiscal year 
2013 at a level not to exceed $1.027 trillion (exclud-
ing emergency spending and Overseas Contingency 
Operations); or 
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‘‘(B) in the case of any subsequent fiscal year, 
a concurrent resolution on the budget has been 
agreed to and is in effect for the fiscal year during 
which such measure is being considered; 
‘‘(2) before the year referred to in paragraph 
(1), the budget submitted by the President to the 
Congress under section 1105(a) of title 31, United 
States Code, for any fiscal year includes a proposed 
budget for the Government that within 10 fiscal 
years would be in balance and for which— 
‘‘(A) total outlays do not exceed total re-
ceipts; and 
‘‘(B) total outlays do not exceed 21.7 per-
cent of the estimated gross domestic product of 
the United States for the calendar year ending 
before the beginning of such fiscal year; 
‘‘(3) the Rules of the House of Representatives 
and the Standing Rules of the Senate require the 
approval of two-thirds of the Members, duly chosen 
and sworn, to increase Federal income tax rates; 
‘‘(4) there is a requirement that the statutory 
debt limit may not be raised under any circumstance 
while the funding for the Government is being car-
ried out by a continuing resolution; 
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‘‘(5) the Rules of the House of Representatives 
and the Standing Rules of the Senate prohibit the 
consideration of any measure deeming that a concur-
rent resolution on the budget has been agreed to; 
and 
‘‘(6) the House of Representatives and the Sen-
ate have agreed to an amendment to the Constitu-
tion of the United States requiring a balanced budg-
et for each fiscal year. 
‘‘(b) MACROECONOMIC IMPACT ANALYSIS BY CON-
GRESSIONAL BUDGET OFFICE.—(1) The Director of the 
Congressional Budget Office shall prepare for each major 
bill or resolution reported by any committee of the House 
of Representatives or the Senate for which the Director 
prepares an analysis under section 402 and submit to such 
committee a macroeconomic impact analysis of the costs 
which would be incurred in carrying out such bill or reso-
lution in the fiscal year in which it is to become effective 
and in each of the 4 fiscal years following such fiscal year, 
together with the basis for such analysis. The analysis 
shall be included in the report accompanying such bill or 
resolution. 
‘‘(2) The macroeconomic impact analysis referred to 
in paragraph (1) shall describe the potential economic im-
pact of the applicable major bill or resolution on major 
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economic variables, including real gross domestic product, 
business investment, the capital stock, employment, inter-
est rates, and labor supply. The analysis shall also de-
scribe the potential fiscal effects of the bill or resolution, 
including any estimates of revenue increases or decreases 
resulting from changes in gross domestic product. To the 
extent practicable, the analysis should use a variety of eco-
nomic models in order to reflect the full range of possible 
economic outcomes resulting from the bill or resolution. 
The analysis (or a technical appendix to the analysis) shall 
specify the economic and econometric models used, sources 
of data, relevant data transformations, and shall include 
such explanation as is necessary to make the models com-
prehensible to academic and public policy analysts. 
‘‘(c) WAIVERS.—Subsection (a) may be waived or 
suspended in the House of Representatives or the Senate 
only by the affirmative vote of two-thirds of its Members, 
duly chosen and sworn. 
‘‘(d) APPEALS.—An affirmative vote of two-thirds of 
the Members, duly chosen and sworn, shall be required 
in the Senate to sustain an appeal of the ruling of the 
Chair on a point of order under subsection (a).’’. 
(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 in-
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serting after the item relating to section 315 the following 
new item: 
‘‘Sec. 316. Point of order against consideration of extension of statutory debt 
limit.’’. 
SEC. 3. DEFINITIONS. 
Section 3 of the Congressional Budget and Impound-
ment Control Act of 1974 is amended by adding at the 
end the following new paragraphs: 
‘‘(12) The term ‘macroeconomic impact anal-
ysis’ means— 
‘‘(A) an estimate of the changes in eco-
nomic output, employment, interest rates, cap-
ital stock, and tax revenues expected to result 
from enactment of the proposal; 
‘‘(B) an estimate of revenue feedback ex-
pected to result from enactment of the proposal; 
and 
‘‘(C) a statement identifying the critical 
assumptions and the source of data underlying 
that estimate. 
‘‘(13) The term ‘major bill or resolution’ means 
any bill or resolution if the gross budgetary effects 
of such bill or resolution for any fiscal year in the 
period for which an estimate is prepared under sec-
tion 316 is estimated to be greater than .25 percent 
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of the current projected gross domestic product of 
the United States for any such fiscal year. 
‘‘(14) The term ‘budgetary effect’, when applied 
to a major bill or resolution, means the changes in 
revenues, outlays, deficits, and debt resulting from 
that measure. 
‘‘(15) The term ‘revenue feedback’ means 
changes in revenue resulting from changes in eco-
nomic growth as the result of the enactment of any 
major bill or resolution.’’. 
SEC. 4. SEQUESTRATION AND DIRECTIVE TO THE COM-
MITTEE ON THE BUDGET OF THE HOUSE OF 
REPRESENTATIVES. 
(a) SEQUESTRATION.— 
(1) SUBMISSIONS OF SPENDING REDUCTION.— 
Not later than April 27, 2012, the House commit-
tees named in paragraph (2) shall submit rec-
ommendations to the Committee on the Budget of 
the House of Representatives. After receiving those 
recommendations, such committee shall report to the 
House a reconciliation bill carrying out all such rec-
ommendations without substantive revision. 
(2) INSTRUCTIONS.— 
(A) COMMITTEE ON AGRICULTURE.—The 
Committee on Agriculture shall submit changes 
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in laws within its jurisdiction sufficient to re-
duce the deficit by $8,200,000,000 for the pe-
riod of fiscal years 2012 and 2013; by 
$19,700,000,000 for the period of fiscal years 
2012 through 2017; and by $33,200,000,000 
for the period of fiscal years 2012 through 
2022. 
(B) COMMITTEE
ON
ENERGY
AND
COM-
MERCE.—The Committee on Energy and Com-
merce shall submit changes in laws within its 
jurisdiction sufficient to reduce the deficit by 
$3,750,000,000 for the period of fiscal years 
2012 and 2013; by $28,430,000,000 for the pe-
riod of fiscal years 2012 through 2017; and by 
$96,760,000,000 for the period of fiscal years 
2012 through 2022. 
(C) COMMITTEE
ON
FINANCIAL
SERV-
ICES.—The Committee on Financial Services 
shall submit changes in laws within its jurisdic-
tion 
sufficient 
to 
reduce 
the 
deficit 
by 
$3,000,000,000 for the period of fiscal years 
2012 and 2013; by $16,700,000,000 for the pe-
riod of fiscal years 2012 through 2017 and by 
$29,800,000,000 for the period of fiscal years 
2012 through 2022. 
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(D) COMMITTEE ON THE JUDICIARY.—The 
Committee on the Judiciary shall submit 
changes in laws within its jurisdiction sufficient 
to reduce the deficit by $100,000,000 for the 
period of fiscal years 2012 and 2013; by 
$11,200,000,000 for the period of fiscal years 
2012 through 2017; and by $39,700,000,000 
for the period of fiscal years 2012 through 
2022. 
(E) COMMITTEE ON OVERSIGHT AND GOV-
ERNMENT REFORM.—The Committee on Over-
sight and Government Reform shall submit 
changes in laws within its jurisdiction sufficient 
to reduce the deficit by $2,200,000,000 for the 
period of fiscal years 2012 and 2013; by 
$30,100,000,000 for the period of fiscal years 
2012 through 2017; and by $78,900,000,000 
for the period of fiscal years 2012 through 
2022. 
(F) COMMITTEE ON WAYS AND MEANS.— 
The Committee on Ways and Means shall sub-
mit changes in laws within its jurisdiction suffi-
cient to reduce the deficit by $1,200,000,000 
for the period of fiscal years 2012 and 2013; by 
$23,000,000,000 for the period of fiscal years 
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2012 through 2017; and by $53,000,000,000 
for the period of fiscal years 2012 through 
2022. 
(b) DIRECTIVE TO THE COMMITTEE ON THE BUDGET 
OF THE HOUSE OF REPRESENTATIVES TO REPLACE THE 
SEQUESTER ESTABLISHED BY THE BUDGET CONTROL 
ACT OF 2011.— 
(1) SUBMISSION.—In the House, the Com-
mittee on the Budget shall report to the House a bill 
carrying out the directions set forth in paragraph 
(2). 
(2) DIRECTIONS.—The bill referred to in para-
graph (1) shall include the following provisions: 
(A) REPLACING THE SEQUESTER ESTAB-
LISHED
BY
THE
BUDGET
CONTROL
ACT
OF 
2011.—The language shall amend section 251A 
of the Balanced Budget and Emergency Deficit 
Control Act of 1985 to replace the sequester es-
tablished under that section consistent with this 
bill. 
(B) APPLICATION
OF
PROVISIONS.—The 
bill referred to in paragraph (1) shall include 
language making its application contingent 
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upon the enactment of the reconciliation bill re-
ferred to in subsection (a). 
Æ 
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