‘‘(B) As used in subparagraph (A), the term
‘unanticipated’ means that the situation is—
‘‘(i) sudden, which means quickly coming
into being or not building up over time;
‘‘(ii) urgent, which means a pressing and
compelling need requiring immediate action;
‘‘(iii) unforeseen, which means not pre-
dicted or anticipated as an emerging need; and
‘‘(iv) temporary, which means not of a per-
manent duration.’’.
SEC. 204. DEVELOPMENT OF GUIDELINES FOR APPLICA-
TION OF EMERGENCY DEFINITION.
Not later than 5 months after the date of enactment
of this Act, the chairmen of the Committees on the Budget
(in consultation with the President) shall, after consulting
with the chairmen of the Committees on Appropriations
and applicable authorizing committees of their respective
Houses and the Directors of the Congressional Budget Of-
fice and the Office of Management and Budget, jointly
publish in the Congressional Record guidelines for applica-
tion of the definition of emergency set forth in section
3(12) of the Congressional Budget and Impoundment
Control Act of 1974.
SEC. 205. RESERVE FUND FOR EMERGENCIES IN PRESI-
DENT’S BUDGET.
Section 1105 of title 31, United States Code is
amended by adding at the end the following new sub-
sections:
‘‘(h) The budget transmitted pursuant to subsection
(a) for a fiscal year shall include a reserve fund for emer-
gencies. The amount set forth in such fund shall be cal-
culated as provided under section 317(b) of the Congres-
sional Budget Act of 1974.
‘‘(i) In the case of any budget authority requested
for an emergency, such submission shall include a detailed
justification of the reasons that such emergency is an
emergency within the meaning of section 3(12) of the Con-
gressional Budget Act of 1974, consistent with the guide-
lines described in section 204 of the Comprehensive Budg-
et Process Reform Act of 2000.’’.
SEC. 206. ADJUSTMENTS AND RESERVE FUND FOR EMER-
GENCIES IN JOINT BUDGET RESOLUTIONS.
(a) EMERGENCIES.—Title III of the Congressional
Budget Act of 1974 (as amended by section 104(c)) is
further amended by adding at the end the following new
section:
‘‘EMERGENCIES
‘‘SEC. 317. (a) ADJUSTMENTS.—
‘‘(1) IN GENERAL.—After the reporting of a bill
or joint resolution or the submission of a conference
report thereon that provides budget authority for
any emergency as identified pursuant to subsection
(d)—
‘‘(A) the chairman (in consultation with
the ranking minority member) of the Com-
mittee on the Budget of the House of Rep-
resentatives or the Senate shall determine and
certify, pursuant to the guidelines referred to in
section 204 of the Comprehensive Budget Proc-
ess Reform Act of 2000, the portion (if any) of
the amount so specified that is for an emer-
gency within the meaning of section 3(12); and
‘‘(B) such chairman shall make the adjust-
ment set forth in paragraph (2) for the amount
of new budget authority (or outlays) in that
measure and the outlays flowing from that
budget authority.
‘‘(2) MATTERS TO BE ADJUSTED.—The adjust-
ments referred to in paragraph (1) are to be made
to the allocations made pursuant to the appropriate
joint resolution on the budget pursuant to section
302(a) and shall be in an amount not to exceed the
amount reserved for emergencies pursuant to the re-
quirements of subsection (b).
‘‘(3) PERMISSIBLE COMMITTEE VOTE ON AD-
JUSTMENTS.—Any adjustment made by the chair-
man of the Committee on the Budget of the House
of Representatives or the Senate under paragraph
(1) may be placed before the committee for its con-
sideration by a majority vote of the members of the
committee, a quorum being present.
‘‘(b) RESERVE FUND FOR EMERGENCIES.—
‘‘(1) AMOUNTS.—(A) The amount set forth in
the reserve fund for emergencies for budget author-
ity for a fiscal year pursuant to section 301(a)(4)
shall equal the average of the enacted levels of budg-
et authority for emergencies in the 5 fiscal years
preceding the current year.
‘‘(B) The amount set forth in the reserve fund
for emergencies for outlays pursuant to section
301(a)(4) shall be the following:
‘‘(i) For the budget year, the amount pro-
vided by subparagraph (C)(i).
‘‘(ii) For the year following the budget
year, the sum of the amounts provided by sub-
paragraphs (i) and (ii).
‘‘(iii) For the second year following the
budget year, the sum of the amounts provided
by subparagraphs (i), (ii), and (iii).
‘‘(iv) For the third year following the
budget year, the sum of the amounts provided
by subparagraphs (i), (ii), (iii), and (iv).
‘‘(v) For the fourth year following the
budget year, the sum of the amounts provided
by subparagraphs (i), (ii), (iii), (iv), and (v).
‘‘(C) The amount used to calculate the levels of
the reserve fund for emergencies for outlays shall be
the—
‘‘(i) average outlays flowing from new
budget authority in the fiscal year that the
budget authority was provided;
‘‘(ii) average outlays flowing from new
budget authority in the fiscal year fol-
lowing the fiscal year in which the budget
authority was provided;
‘‘(iii) average outlays flowing from
new budget authority in the second fiscal
year following the fiscal year in which the
budget authority was provided;
‘‘(iv) average outlays flowing from
new budget authority in the third fiscal
year following the fiscal year in which the
budget authority was provided for budget
authority provided; and
‘‘(v) average outlays flowing from new
budget authority in the fourth fiscal year
following the fiscal year in which the budg-
et authority was provided;
if such budget authority was provided within
the period of the 5 fiscal years preceding the
current year.
‘‘(2) AVERAGE LEVELS.—For purposes of para-
graph (1), the amount used for a fiscal year to cal-
culate the average of the enacted levels when one or
more of such 5 preceding fiscal years is any of fiscal
years 1996 through 2000 shall be for emergencies
within the definition of section 3(12)(A) as deter-
mined by the Committees on the Budget of the
House of Representatives and the Senate after re-
ceipt of a report on such matter transmitted to such
committees by the Director of the Congressional
Budget Office 6 months after the date of enactment
of this section and thereafter in February of each
calendar year.
‘‘(c) EMERGENCIES IN EXCESS OF AMOUNTS IN RE-
SERVE FUND.—Whenever the Committee on Appropria-
tions or any other committee reports any bill or joint reso-
lution that provides budget authority for any emergency
and the report accompanying that bill or joint resolution,
pursuant to subsection (d), identifies any provision that
increases outlays or provides budget authority (and the
outlays flowing therefrom) for such emergency, the enact-
ment of which would cause—
‘‘(1) in the case of the Committee on Appro-
priations, the total amount of budget authority or
outlays provided for emergencies for the budget
year; or
‘‘(2) in the case of any other committee, the
total amount of budget authority or outlays provided
for emergencies for the budget year or the total of
the fiscal years;
in the joint resolution on the budget (pursuant to section
301(a)(4)) to be exceeded:
‘‘(A) Such bill or joint resolution shall be re-
ferred to the Committee on the Budget of the House
or the Senate, as the case may be, with instructions
to report it without amendment, other than that
specified in subparagraph (B), within 5 legislative
days of the day in which it is reported from the orig-
inating committee. If the Committee on the Budget
of either House fails to report a bill or joint resolu-
tion referred to it under this subparagraph within
such 5-day period, the committee shall be automati-
cally discharged from further consideration of such
bill or joint resolution and such bill or joint resolu-
tion shall be placed on the appropriate calendar.
‘‘(B) An amendment to such a bill or joint reso-
lution referred to in this subsection shall only consist
of an exemption from section 251 or 252 (as appli-
cable) of the Balanced Budget and Emergency Def-
icit Control Act of 1985 of all or any part of the
provisions that provide budget authority (and the
outlays flowing therefrom) for such emergency if the
committee determines, pursuant to the guidelines re-
ferred to in section 204 of the Comprehensive Budg-
et Process Reform Act of 2000, that such budget
authority is for an emergency within the meaning of
section 3(12).
‘‘(C) If such a bill or joint resolution is reported
with an amendment specified in subparagraph (B)
by the Committee on the Budget of the House of
Representatives or the Senate, then the budget au-
thority and resulting outlays that are the subject of
such amendment shall not be included in any deter-
minations under section 302(f) or 311(a) for any
bill, joint resolution, amendment, motion, or con-
ference report.
‘‘(d) COMMITTEE NOTIFICATION
OF EMERGENCY
LEGISLATION.—Whenever the Committee on Appropria-
tions or any other committee of either House (including
a committee of conference) reports any bill or joint resolu-
tion that provides budget authority for any emergency, the
report accompanying that bill or joint resolution (or the
joint explanatory statement of managers in the case of a
conference report on any such bill or joint resolution) shall
identify all provisions that provide budget authority and
the outlays flowing therefrom for such emergency and in-
clude a statement of the reasons why such budget author-
ity meets the definition of an emergency pursuant to the
guidelines referred to in section 204 of the Comprehensive
Budget Process Reform Act of 2000.’’.
(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-
serting after the item relating to section 316 the following
new item:
‘‘Sec. 317. Emergencies.’’.
SEC. 207. UP-TO-DATE TABULATIONS.
Section 308(b)(2) of the Congressional Budget Act
of 1974 is amended by striking ‘‘and’’ at the end of sub-
paragraph (B), by striking the period at the end of sub-
paragraph (C) and inserting ‘‘; and’’, and by adding at
the end the following new subparagraph:
‘‘(D) shall include an up-to-date tabulation
of amounts remaining in the reserve fund for
emergencies.’’.
SEC. 208. PROHIBITION ON AMENDMENTS TO EMERGENCY
RESERVE FUND.
(a) POINT OF ORDER.—Section 305 of the Congres-
sional Budget Act of 1974 (as amended by section 103(c))
is further amended by adding at the end the following new
subsection:
‘‘(f) POINT OF ORDER REGARDING EMERGENCY RE-
SERVE FUND.—It shall not be in order in the House of
Representatives or in the Senate to consider an amend-
ment to a joint resolution on the budget which changes
the amount of budget authority and outlays set forth in
section 301(a)(4) for emergency reserve fund.’’.
(b) TECHNICAL AMENDMENT.—(1) Section 904(c)(1)
of the Congressional Budget Act of 1974 is amended by
inserting ‘‘305(e), 305(f),’’ after ‘‘305(c)(4),’’.
(2) Section 904(d)(2) of the Congressional Budget
Act of 1974 is amended by inserting ‘‘305(e), 305(f),’’
after ‘‘305(c)(4),’’.
SEC. 209. EFFECTIVE DATE.
The amendments made by this title shall apply to fis-
cal year 2002 and subsequent fiscal years, but such
amendments shall take effect only after the enactment of
legislation changing or extending for any fiscal year the
discretionary spending limits set forth in section 251 of
the Balanced Budget and Emergency Deficit Control Act
of 1985 or legislation reducing the amount of any seques-
tration under section 252 of such Act by the amount of
any reserve for any emergencies.
TITLE III—ENFORCEMENT OF
BUDGETARY DECISIONS
SEC. 301. PURPOSES.
The purposes of this title are to—
(1) close loopholes in the enforcement of budget
resolutions;
(2) require committees of the House of Rep-
resentatives to include budget compliance statements
in reports accompanying all legislation;
(3) require committees of the House of Rep-
resentatives to justify the need for waivers of the
Congressional Budget Act of 1974; and
(4) provide cost estimates of conference reports.
Subtitle A—Application of Points of
Order to Unreported Legislation
SEC. 311. APPLICATION OF BUDGET ACT POINTS OF ORDER
TO UNREPORTED LEGISLATION.
(a) Section 315 of the Congressional Budget Act of
1974 is amended by striking ‘‘reported’’ the first place it
appears.
(b) Section 303(b) of the Congressional Budget Act
of 1974 (as amended by section 104(b)(1)) is further
amended—
(1) in paragraph (1), by striking ‘‘(A)’’ and by
redesignating subparagraph (B) as paragraph (2)
and by striking the semicolon at the end of such new
paragraph (2) and inserting a period; and
(2) by striking paragraph (2) (as redesignated
by such section 104(b)(1)).
Subtitle B—Compliance With
Budget Resolution
SEC. 321. BUDGET COMPLIANCE STATEMENTS.
Clause 3(d) of rule XIII of the Rules of the House
of Representatives is amended by adding at the end the
following new subparagraph:
‘‘(4) A budget compliance statement prepared
by the chairman of the Committee on the Budget,
if timely submitted prior to the filing of the report,
which shall include assessment by such chairman as
to whether the bill or joint resolution complies with
the requirements of sections 302, 303, 306, 311,
and 401 of the Congressional Budget Act of 1974
or any other requirements set forth in a joint resolu-
tion on the budget and may include the budgetary
implications of that bill or joint resolution under sec-
tion 251 or 252 of the Balanced Budget and Emer-
gency Deficit Control Act of 1985, as applicable.’’.
Subtitle C—Justification for
Budget Act Waivers
SEC. 331. JUSTIFICATION FOR BUDGET ACT WAIVERS IN
THE HOUSE OF REPRESENTATIVES.
Clause 6 of rule XIII of the Rules of the House of
Representatives is amended by adding at the end the fol-
lowing new paragraph:
‘‘(h) It shall not be in order to consider any resolution
from the Committee on Rules for the consideration of any
reported bill or joint resolution which waives section 302,
303, 311, or 401 of the Congressional Budget Act of
1974, unless the report accompanying such resolution in-
cludes a description of the provision proposed to be
waived, an identification of the section being waived, the
reasons why such waiver should be granted, and an esti-
mated cost of the provisions to which the waiver applies.’’.
Subtitle D—CBO Scoring of
Conference Reports
SEC. 341. CBO SCORING OF CONFERENCE REPORTS.
(a) The first sentence of section 402 of the Congres-
sional Budget Act of 1974 is amended as follows:
(1) Insert ‘‘or conference report thereon,’’ be-
fore ‘‘and submit’’.
(2) In paragraph (1), strike ‘‘bill or resolution’’
and insert ‘‘bill, joint resolution, or conference re-
port’’.
(3) At the end of paragraph (2) strike ‘‘and’’,
at the end of paragraph (3) strike the period and in-
sert ‘‘; and’’, and after such paragraph (3) add the
following new paragraph:
‘‘(4) A determination of whether such bill, joint
resolution, or conference report provides direct
spending.’’.
(b) The second sentence of section 402 of the Con-
gressional Budget Act of 1974 is amended by inserting
before the period the following: ‘‘, or in the case of a con-
ference report, shall be included in the joint explanatory
statement of managers accompanying such conference re-
port if timely submitted before such report is filed’’.
TITLE IV—ACCOUNTABILITY
FOR FEDERAL SPENDING
SEC. 401. PURPOSES.
The purposes of this title are to—
(1) require committees to develop a schedule for
reauthorizing all programs within their jurisdictions;
(2) provide an opportunity to offer amendments
to subject new entitlement programs to annual dis-
cretionary appropriations;
(3) require the Committee on the Budget to
justify any allocation to an authorizing committee
for legislation that would not be subject to annual
discretionary appropriation;
(4) provide estimates of the long-term impact of
spending and tax legislation;
(5) provide a point of order for legislation cre-
ating a new direct spending program that does not
expire within 10 years; and
(6) require a vote in the House of Representa-
tives on any measure that increases the statutory
limit on the public debt.
Subtitle A—Limitations on Direct
Spending
SEC. 411. FIXED-YEAR AUTHORIZATIONS REQUIRED FOR
NEW PROGRAMS.
Section 401 of the Congressional Budget Act of 1974
is amended—
(1) by striking subsection (b) and inserting the
following new subsections:
‘‘(b) LIMITATION ON DIRECT SPENDING.—It shall
not be in order in the House of Representatives or in the
Senate to consider a bill or joint resolution, or an amend-
ment, motion, or conference report that provides direct
spending for a new program, unless such spending is lim-
ited to a period of 10 or fewer fiscal years.
‘‘(c) LIMITATION ON AUTHORIZATION OF DISCRE-
TIONARY APPROPRIATIONS.—It shall not be in order in
the House of Representatives or in the Senate to consider
any bill, joint resolution, amendment, or conference report
that authorizes the appropriation of new budget authority
for a new program, unless such authorization is specifi-
cally provided for a period of 10 or fewer fiscal years.’’;
and
(2) by redesignating subsection (c) as sub-
section (d) and by striking ‘‘(a) and (b)’’ both places
it appears in such redesignated subsection (d) and
inserting ‘‘(a), (b), and (c)’’.
SEC. 412. AMENDMENTS TO SUBJECT NEW DIRECT SPEND-
ING TO ANNUAL APPROPRIATIONS.
(a) HOUSE PROCEDURES.—Clause 5 of rule XVIII
of the Rules of the House of Representatives is amended
by adding at the end the following new paragraph:
‘‘(c)(1) In the Committee of the Whole, an amend-
ment only to subject a new program which provides direct
spending to discretionary appropriations, if offered by the
chairman of the Committee on the Budget (or his des-
ignee) or the chairman of the Committee of Appropria-
tions (or his designee), may be precluded from consider-
ation only by the specific terms of a special order of the
House. Any such amendment, if offered, shall be debatable
for twenty minutes equally divided and controlled by the
proponent of the amendment and a Member opposed and
shall not be subject to amendment.
‘‘(2) As used in subparagraph (1), the term ‘direct
spending’ has the meaning given such term in section
3(11) of the Congressional Budget and Impoundment
Control Act of 1974, except that such term does not in-
clude direct spending described in section 401(d)(1) of
such Act.’’.
(b) ADJUSTMENT
OF DISCRETIONARY SPENDING
LIMITS FOR DISCRETIONARY APPROPRIATIONS OFFSET
BY DIRECT SPENDING SAVINGS.—
(1) PURPOSE.—The purpose of the amend-
ments made by this subsection is to hold the discre-
tionary spending limits and the allocations made to
the Committee on Appropriations under section
302(a) of the Congressional Budget Act of 1974
harmless for legislation that offsets a new discre-
tionary program with a designated reduction in di-
rect spending.
(2) DESIGNATING DIRECT SPENDING SAVINGS
IN AUTHORIZATION LEGISLATION FOR NEW DISCRE-
TIONARY PROGRAMS.—Section 252 of the Balanced
Budget and Emergency Deficit Control Act of 1985
(as amended by section 202) is further amended by
adding at the end the following new subsection:
‘‘(e) OFFSETS.—If a provision of direct spending leg-
islation is enacted that—
‘‘(1) decreases direct spending for any fiscal
year; and
‘‘(2) is designated as an offset pursuant to this
subsection and such designation specifically identi-
fies an authorization of discretionary appropriations
(contained in such legislation) for a new program,
then the reductions in new budget authority and outlays
in all fiscal years resulting from that provision shall be
designated as an offset in the reports required under sub-
section (d).’’.
(3) EXEMPTING
SUCH
DESIGNATED
DIRECT
SPENDING SAVINGS FROM PAYGO SCORECARD.—Sec-
tion 252(d)(4) of the Balanced Budget and Emer-
gency Deficit Control Act of 1985 (as amended by
section 202(b)) is further amended by adding at the
end the following new subparagraph:
‘‘(B) offset provisions as designated under
subsection (e).’’.
(4) ADJUSTMENT IN DISCRETIONARY SPENDING
LIMITS.—Section 251(b)(2) of the Balanced Budget
and Emergency Deficit Control Act of 1985 (as
amended by section 202(a)(2)) is further amended
by adding at the end the following new subpara-
graph:
‘‘(G) 
DISCRETIONARY
AUTHORIZATION
OFFSETS.—If an Act other than an appropria-
tion Act includes any provision reducing direct
spending and specifically identifies any such
provision as an offset pursuant to section
252(e), the adjustments shall be an increase in
the discretionary spending limits for budget au-
thority and outlays in each fiscal year equal to
the amount of the budget authority and outlay
reductions, respectively, achieved by the speci-
fied offset in that fiscal year, except that the
adjustments for the budget year in which the
offsetting provision takes effect shall not exceed
the amount of discretionary new budget author-
ity provided for the new program (authorized in
that Act) in an Act making discretionary appro-
priations and the outlays flowing therefrom.’’.
(5) ADJUSTMENT IN APPROPRIATION COMMIT-
TEE’S ALLOCATIONS.—Section 314(b) of the Con-
gressional Budget Act of 1974 (as amended by sec-
tion 202(d)) is further amended by striking ‘‘; or’’
at the end of paragraph (4), by striking the period
and inserting ‘‘; or’’ at the end of paragraph (5),
and by adding at the end the following new para-
graph:
‘‘(6) the amount provided in an Act making dis-
cretionary appropriations for the program for which
an offset was designated pursuant to section 252(e)
of the Balanced Budget and Emergency Deficit Con-
trol Act of 1985 and any outlays flowing therefrom,
but not to exceed the amount of the designated de-
crease in direct spending for that year for that pro-
gram in a prior law.’’.
(6) ADJUSTMENT
IN
AUTHORIZING
COMMIT-
TEE’S ALLOCATIONS.—Section 314 of the Congres-
sional Budget Act of 1974 is amended by adding at
the end the following new subsection:
‘‘(f) ADJUSTMENT IN AUTHORIZING COMMITTEE’S
ALLOCATIONS BY AMOUNT OF DIRECT SPENDING OFF-
SET.—After the reporting of a bill or joint resolution (by
a committee other than the Committee on Appropria-
tions), or the offering of an amendment thereto or the sub-
mission of a conference report thereon, that contains a
provision that decreases direct spending for any fiscal year
and that is designated as an offset pursuant to section
252(e) of the Balanced Budget and Emergency Deficit
Control Act of 1985, the chairman of the Committee on
the Budget shall reduce the allocations of new budget au-
thority and outlays made to such committee under section
302(a)(1) by the amount so designated.’’.
Subtitle 
B—Enhanced 
Congres-
sional 
Oversight 
Responsibil-
ities
SEC. 421. TEN-YEAR CONGRESSIONAL REVIEW REQUIRE-
MENT OF PERMANENT BUDGET AUTHORITY.
(a) TIMETABLE
FOR REVIEW.—Clause 2(d)(1) of
rule X of the Rules of the House of Representatives is
amended by striking subdivisions (B) and (C) and insert-
ing the following new subdivision:
‘‘(B) provide in its plans a specific timetable for
its review of those laws, programs, or agencies with-
in its jurisdiction, including those that operate under
permanent budget authority or permanent statutory
authority and such timetable shall demonstrate that
each law, program, or agency within the committee’s
jurisdiction will be reauthorized at least once every
10 years.’’.
(b) REVIEW OF PERMANENT BUDGET AUTHORITY
BY THE COMMITTEE ON APPROPRIATIONS.—Clause 4(a)
of rule X of the Rules of the House of Representatives
is amended—
(1) by striking subparagraph (2); and
(2) by redesignating subparagraphs (3) and (4)
as subparagraphs (2) and (3) and by striking ‘‘from
time to time’’ and inserting ‘‘at least once each Con-
gress’’ in subparagraph (2) (as redesignated).
(c) CONFORMING AMENDMENT.—Clause 4(e)(2) of
rule X of the Rules of the House of Representatives is
amended by striking ‘‘from time to time’’ and inserting
‘‘at least once every ten years’’.
SEC. 422. JUSTIFICATIONS OF DIRECT SPENDING.
(a) SECTION 302 ALLOCATIONS.—Section 302(a) of
the Congressional Budget Act of 1974 (as amended by
section 104(a)) is further amended by adding at the end
the following new paragraph:
‘‘(5) JUSTIFICATION OF CERTAIN SPENDING AL-
LOCATIONS.—The joint explanatory statement ac-
companying a conference report on a joint resolution
on the budget that includes any allocation to a com-
mittee (other than the Committee on Appropria-
tions) of levels in excess of current law levels shall
set forth a justification (such as an activity that is
fully offset by increases in dedicated receipts and
that such increases would trigger, under existing
law, an adjustment in the appropriate discretionary
spending limit) for not subjecting any program,
project, or activity (for which the allocation is made)
to annual discretionary appropriation.’’.
(b) PRESIDENTS’ BUDGET SUBMISSIONS.—Section
1105(a) of title 31, United States Code, is amended by
adding at the end the following new paragraph:
‘‘(33) a justification for not subjecting each
proposed new direct spending program, project, or
activity to discretionary appropriations (such as an
activity that is fully offset by increases in dedicated
receipts and that such increases would trigger, under
existing law, an adjustment in the appropriate dis-
cretionary spending limit).’’.
(c) COMMITTEE JUSTIFICATION FOR DIRECT SPEND-
ING.—Clause 4(e)(2) of rule X of the Rules of the House
of Representatives is amended by inserting before the pe-
riod the following: ‘‘, and will provide specific information
in any report accompanying such bills and joint resolu-
tions to the greatest extent practicable to justify the rea-
sons that the programs, projects, and activities involved
would not be subject to annual appropriation (such as an
activity that is fully offset by increases in dedicated re-
ceipts and that such increases would trigger, under exist-
ing law, an adjustment in the appropriate discretionary
spending limit)’’.
SEC. 423. SURVEY OF ACTIVITY REPORTS OF HOUSE COM-
MITTEES.
Clause 1(d) of rule XI of the Rules of the House of
Representatives is amended by redesignating paragraph
(4) as paragraph (5) and by inserting after paragraph (3)
the following new paragraph:
‘‘(4) Such report shall include a summary of and jus-
tifications for all bills and joint resolutions reported by
such committee that—
‘‘(A) were considered before the adoption of the
appropriate budget resolution and did not fall within
an exception set forth in section 303(b) of the Con-
gressional Budget Act of 1974;
‘‘(B) exceeded its allocation under section
302(a) of such Act or breached an aggregate level
in violation of section 311 of such Act; or
‘‘(C) contained provisions in violation of section
401 of such Act.
Such report shall also specify the total amount by which
legislation reported by that committee exceeded its alloca-
tion under section 302(a) or breached the revenue floor
under section 311(a) of such Act for each fiscal year dur-
ing that Congress.’’.
SEC. 424. CONTINUING STUDY OF ADDITIONAL BUDGET
PROCESS REFORMS.
Section 703 of the Congressional Budget Act of 1974
is amended as follows:
(1) In subsection (a), strike ‘‘and’’ at the end
of paragraph (3), strike the period at the end of
paragraph (4) and insert ‘‘; and’’, and at the end
add the following new paragraph:
‘‘(5) evaluating whether existing programs,
projects, and activities should be subject to discre-
tionary appropriations and establishing guidelines
for subjecting new or expanded programs, projects,
and activities to annual appropriation and rec-
ommend any necessary changes in statutory enforce-
ment mechanisms and scoring conventions to effec-
tuate such changes. These guidelines are only for
advisory purposes.’’.
(2) In subsection (b), strike ‘‘from time to
time’’ and insert ‘‘during the One Hundred Seventh
Congress’’.
SEC. 425. GAO REPORTS.
The last sentence of section 404 of the Congres-
sional Budget Act of 1974 is amended to read as follows:
‘‘Such report shall be revised at least once every five years
and shall be transmitted to the chairman and ranking mi-
nority member of each committee of the House of Rep-
resentatives and the Senate.’’.
Subtitle C—Strengthened
Accountability
SEC. 431. TEN-YEAR CBO ESTIMATES.
(a) CBO REPORTS
ON
LEGISLATION.—Section
308(a)(1)(B) of the Congressional Budget Act of 1974 is
amended by striking ‘‘four’’ and inserting ‘‘nine’’.
(b) ANALYSIS BY CBO.—Section 402(1) of the Con-
gressional Budget Act of 1974 is amended by striking ‘‘4’’
and inserting ‘‘nine’’.
(c) COST ESTIMATES.—Clause 3(d)(2)(A) of rule
XIII of the Rules of the House of Representatives is
amended by striking ‘‘five’’ each place it appears and in-
serting ‘‘10’’.
SEC. 432. REPEAL OF RULE XXIII OF THE RULES OF THE
HOUSE OF REPRESENTATIVES.
Rule XXIII of the Rules of the House of Representa-
tives (relating to the establishment of the statutory limit
on the public debt) is repealed.
TITLE V—BUDGETING FOR UN-
FUNDED 
LIABILITIES 
AND
OTHER LONG-TERM OBLIGA-
TIONS
SEC. 501. PURPOSES.
The purposes of this title are to—
(1) budget for the long-term costs of Federal
insurance programs;
(2) improve congressional control of those costs;
and
(3) periodically report on long-term budgetary
trends.
Subtitle A—Budgetary Treatment
of Federal Insurance Programs
SEC. 511. FEDERAL INSURANCE PROGRAMS.
(a) IN GENERAL.—The Congressional Budget Act of
1974 is amended by adding after title V the following new
title:
‘‘TITLE VI—BUDGETARY TREAT-
MENT OF FEDERAL INSUR-
ANCE PROGRAMS
‘‘SEC. 601. SHORT TITLE.
‘‘This title may be cited as the ‘Federal Insurance
Budgeting Act of 2000’.
‘‘SEC. 602. BUDGETARY TREATMENT.
‘‘(a) PRESIDENT’S BUDGET.—Beginning with fiscal
year 2007, the budget of the Government pursuant to sec-
tion 1105(a) of title 31, United States Code, shall be
based on the risk-assumed cost of Federal insurance pro-
grams.
‘‘(b) BUDGET ACCOUNTING.—For any Federal insur-
ance program—
‘‘(1) the program account shall—
‘‘(A) pay the risk-assumed cost borne by
the taxpayer to the financing account, and
‘‘(B) pay actual insurance program admin-
istrative costs;
‘‘(2) the financing account shall—
‘‘(A) receive premiums and other income,
‘‘(B) pay all claims for insurance and re-
ceive all recoveries,
‘‘(C) transfer to the program account on
not less than an annual basis amounts nec-
essary to pay insurance program administrative
costs;
‘‘(3) a negative risk-assumed cost shall be
transferred from the financing account to the pro-
gram account, and shall be transferred from the pro-
gram account to the general fund; and
‘‘(4) all payments by or receipts of the financ-
ing accounts shall be treated in the budget as a
means of financing.
‘‘(c) APPROPRIATIONS
REQUIRED.—(1) Notwith-
standing any other provision of law, insurance commit-
ments may be made for fiscal year 2007 and thereafter
only to the extent that new budget authority to cover their
risk-assumed cost is provided in advance in an appropria-
tion Act.
‘‘(2) An outstanding insurance commitment shall not
be modified in a manner that increases its risk-assumed
cost unless budget authority for the additional cost has
been provided in advance.
‘‘(3) Paragraph (1) shall not apply to Federal insur-
ance programs that constitute entitlements.
‘‘(d) REESTIMATES.—The risk-assumed cost for a
fiscal year shall be reestimated in each subsequent year.
Such reestimate can equal zero. In the case of a positive
reestimate, the amount of the reestimate shall be paid
from the program account to the financing account. In
the case of a negative reestimate, the amount of the reesti-
mate shall be paid from the financing account to the pro-
gram account, and shall be transferred from the program
account to the general fund. Reestimates shall be dis-
played as a distinct and separately identified subaccount
in the program account.
‘‘(e) ADMINISTRATIVE EXPENSES.—All funding for
an agency’s administration of a Federal insurance pro-
gram shall be displayed as a distinct and separately identi-
fied subaccount in the program account.
‘‘SEC. 603. TIMETABLE FOR IMPLEMENTATION OF ACCRUAL
BUDGETING FOR FEDERAL INSURANCE PRO-
GRAMS.
‘‘(a) AGENCY REQUIREMENTS.—Agencies with re-
sponsibility for Federal insurance programs shall develop
models to estimate their risk-assumed cost by year
through the budget horizon and shall submit those models,
all relevant data, a justification for critical assumptions,
and the annual projected risk-assumed costs to OMB with
their budget requests each year starting with the request
for fiscal year 2003. Agencies will likewise provide OMB
with annual estimates of modifications, if any, and reesti-
mates of program costs. Nothing in this subsection shall
be construed to require an agency, which is subject to stat-
utory requirements, to maintain a risk-based assessment
system with a minimum level of reserves against loss and
to assess insured entities for risk-based premiums, to pro-
vide models, critical assumptions, or other data that
would, as determined by such agency, affect financial mar-
kets or the viability of insured entities.
‘‘(b) DISCLOSURE.—When the President submits a
budget of the Government pursuant to section 1105(a) of
title 31, United States Code, for fiscal year 2003, OMB
shall publish a notice in the Federal Register advising in-
terested persons of the availability of information describ-
ing the models, data (including sources), and critical as-
sumptions (including explicit or implicit discount rate as-
sumptions) that it or other executive branch entities would
use to estimate the risk-assumed cost of Federal insurance
programs and giving such persons an opportunity to sub-
mit comments. At the same time, the chairman of the
Committee on the Budget shall publish a notice for CBO
in the Federal Register advising interested persons of the
availability of information describing the models, data (in-
cluding sources), and critical assumptions (including ex-
plicit or implicit discount rate assumptions) that it would
use to estimate the risk-assumed cost of Federal insurance
programs and giving such interested persons an oppor-
tunity to submit comments.
‘‘(c) REVISION.—(1) After consideration of comments
pursuant to subsection (b), and in consultation with the
Committees on the Budget of the House of Representa-
tives and the Senate, OMB and CBO shall revise the mod-
els, data, and major assumptions they would use to esti-
mate the risk-assumed cost of Federal insurance pro-
grams. Except as provided by the next sentence, this para-
graph shall not apply to an agency that is subject to statu-
tory requirements to maintain a risk-based assessment
system with a minimum level of reserves against loss and
to assess insured entities for risk-based premiums. How-
ever, such agency shall consult with the aforementioned
entities.
‘‘(2) When the President submits a budget of the
Government pursuant to section 1105(a) of title 31,
United States Code, for fiscal year 2004, OMB shall pub-
lish a notice in the Federal Register advising interested
persons of the availability of information describing the
models, data (including sources), and critical assumptions
(including explicit or implicit discount rate assumptions)
that it or other executive branch entities used to estimate
the risk-assumed cost of Federal insurance programs.
‘‘(d) DISPLAY.—
‘‘(1) IN
GENERAL.—For fiscal years 2004,
2005, and 2006 the budget submissions of the Presi-
dent pursuant to section 1105(a) of title 31, United
States Code, and CBO’s reports on the economic
and budget outlook pursuant to section 202(e)(1)
and the President’s budgets, shall for display pur-
poses only, estimate the risk-assumed cost of exist-
ing or proposed Federal insurance programs.
‘‘(2) OMB.—The display in the budget submis-
sions of the President for fiscal years 2004, 2005,
and 2006 shall include—
‘‘(A) a presentation for each Federal insur-
ance program in budget-account level detail of
estimates of risk-assumed cost;
‘‘(B) a summary table of the risk-assumed
costs of Federal insurance programs; and
‘‘(C) an alternate summary table of budget
functions and aggregates using risk-assumed
rather than cash-based cost estimates for Fed-
eral insurance programs.
‘‘(3) CBO.—In the 108th Congress and the
first session of the 109th Congress, CBO shall in-
clude in its estimates under section 308, for display
purposes only, the risk-assumed cost of existing Fed-
eral insurance programs, or legislation that CBO, in
consultation with the Committees on the Budget of
the House of Representatives and the Senate, deter-
mines would create a new Federal insurance pro-
gram.
‘‘(e) OMB, CBO, AND GAO EVALUATIONS.—(1) Not
later than 6 months after the budget submission of the
President pursuant to section 1105(a) of title 31, United
States Code, for fiscal year 2006, OMB, CBO, and GAO
shall each submit to the Committees on the Budget of the
House of Representatives and the Senate a report that
evaluates the advisability and appropriate implementation
of this title.
‘‘(2) Each report made pursuant to paragraph (1)
shall address the following:
‘‘(A) The adequacy of risk-assumed estimation
models used and alternative modeling methods.
‘‘(B) The availability and reliability of data or
information necessary to carry out this title.
‘‘(C) The appropriateness of the explicit or im-
plicit discount rate used in the various risk-assumed
estimation models.
‘‘(D) The advisability of specifying a statutory
discount rate (such as the Treasury rate) for use in
risk-assumed estimation models.
‘‘(E) The ability of OMB, CBO, or GAO, as ap-
plicable, to secure any data or information directly
from any Federal agency necessary to enable it to
carry out this title.
‘‘(F) The relationship between risk-assumed ac-
crual budgeting for Federal insurance programs and
the specific requirements of the Balanced Budget
and Emergency Deficit Control Act of 1985.
‘‘(G) Whether Federal budgeting is improved by
the inclusion of risk-assumed cost estimates for Fed-
eral insurance programs.
‘‘(H) The advisability of including each of the
programs currently estimated on a risk-assumed cost
basis in the Federal budget on that basis.
‘‘SEC. 604. DEFINITIONS.
‘‘For purposes of this title:
‘‘(1) The term ‘Federal insurance program’
means a program that makes insurance commit-
ments and includes the list of such programs in-
cluded in the joint explanatory statement of man-
agers accompanying the conference report on the
Comprehensive Budget Process Reform Act of 2000.
‘‘(2) The term ‘insurance commitment’ means
an agreement in advance by a Federal agency to in-
demnify a nonfederal entity against specified losses.
This term does not include loan guarantees as de-
fined in title V or benefit programs such as social
security, medicare, and similar existing social insur-
ance programs.
‘‘(3)(A) The term ‘risk-assumed cost’ means the
net present value of the estimated cash flows to and
from the Government resulting from an insurance
commitment or modification thereof.
‘‘(B) The cash flows associated with an insur-
ance commitment include—
‘‘(i) expected claims payments inherent in
the Government’s commitment;
‘‘(ii) net premiums (expected premium col-
lections received from or on behalf of the in-
sured less expected administrative expenses);
‘‘(iii) expected recoveries; and
‘‘(iv) expected changes in claims, pre-
miums, or recoveries resulting from the exercise
by the insured of any option included in the in-
surance commitment.
‘‘(C) The cost of a modification is the difference
between the current estimate of the net present
value of the remaining cash flows under the terms
of the insurance commitment, and the current esti-
mate of the net present value of the remaining cash
flows under the terms of the insurance commitment
as modified.
‘‘(D) The cost of a reestimate is the difference
between the net present value of the amount cur-
rently required by the financing account to pay esti-
mated claims and other expenditures and the
‘‘SEC. 605. AUTHORIZATIONS TO ENTER INTO CONTRACTS;
ACTUARIAL COST ACCOUNT.
‘‘(a) AUTHORIZATION OF APPROPRIATIONS.—There
is authorized to be appropriated $600,000 for each of fis-
cal years 2001 through 2006 to the Director of the Office
of Management and Budget and each agency responsible
for administering a Federal program to carry out this
title.
‘‘(b) TREASURY TRANSACTIONS WITH THE FINANC-
ING ACCOUNTS.—The Secretary of the Treasury shall bor-
row from, receive from, lend to, or pay the insurance fi-
nancing accounts such amounts as may be appropriate.
The Secretary of the Treasury may prescribe forms and
denominations, maturities, and terms and conditions for
the transactions described above. The authorities de-
scribed above shall not be construed to supersede or over-
ride the authority of the head of a Federal agency to ad-
minister and operate an insurance program. All the trans-
actions provided in this subsection shall be subject to the
provisions of subchapter II of chapter 15 of title 31,
United States Code. Cash balances of the financing ac-
counts in excess of current requirements shall be main-
tained in a form of uninvested funds, and the Secretary
of the Treasury shall pay interest on these funds.
‘‘(c) APPROPRIATION OF AMOUNT NECESSARY TO
COVER RISK-ASSUMED COST OF INSURANCE COMMIT-
MENTS AT TRANSITION DATE.—(1) A financing account
is established on September 30, 2006, for each Federal
insurance program.
‘‘(2) There is appropriated to each financing account
the amount of the risk-assumed cost of Federal insurance
commitments outstanding for that program as of the close
of September 30, 2006.
‘‘(3) These financing accounts shall be used in imple-
menting the budget accounting required by this title.
‘‘SEC. 606. EFFECTIVE DATE.
‘‘(a) IN GENERAL.—This title shall take effect imme-
diately and shall expire on September 30, 2008.
‘‘(b) SPECIAL RULE.—If this title is not reauthorized
by September 30, 2008, then the accounting structure and
budgetary treatment of Federal insurance programs shall
revert to the accounting structure and budgetary treat-
ment in effect immediately before the date of enactment
of this title.’’.
(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-
serting after the item relating to section 507 the following
new items:
‘‘TITLE VI—BUDGETARY TREATMENT OF FEDERAL INSURANCE
PROGRAMS
‘‘Sec. 601. Short title.
‘‘Sec. 602. Budgetary treatment.
‘‘Sec. 603. Timetable for implementation of accrual budgeting for Federal insur-
ance programs.
‘‘Sec. 604. Definitions.
‘‘Sec. 605. Authorizations to enter into contracts; actuarial cost account.
‘‘Sec. 606. Effective date.’’.
Subtitle B—Reports on Long-Term
Budgetary Trends
SEC. 521. REPORTS ON LONG-TERM BUDGETARY TRENDS.
(a) THE PRESIDENT’S BUDGET.—Section 1105(a) of
title 31, United States Code (as amended by section 404),
is further amended by adding at the end the following new
paragraph:
‘‘(34) an analysis based upon current law and
an analysis based upon the policy assumptions un-
derlying the budget submission for every fifth year
of the period of 75 fiscal years beginning with such
fiscal year, of the estimated levels of total new budg-
et authority and total budget outlays, estimated rev-
enues, estimated surpluses and deficits, and, for so-
cial security, medicare, medicaid, and all other direct
spending, estimated levels of total new budget au-
thority and total budget outlays; and a specification
of its underlying assumptions and a sensitivity anal-
ysis of factors that have a significant effect on the
projections made in each analysis; and a comparison
of the effects of each of the two analyses on the
economy, including such factors as inflation, foreign
investment, interest rates, and economic growth.’’.
(b) CBO REPORTS.—Section 202(e)(1) of the Con-
gressional Budget Act of 1974 is amended by adding at
the end the following new sentences: ‘‘Such report shall
also include an analysis based upon current law for every
fifth year of the period of 75 fiscal years beginning with
such fiscal year, of the estimated levels of total new budget
authority and total budget outlays, estimated revenues, es-
timated surpluses and deficits, and, for social security,
medicare, medicaid, and all other direct spending, esti-
mated levels of total new budget authority and total budg-
et outlays. The report described in the preceding sentence
shall also specify its underlying assumptions and set forth
a sensitivity analysis of factors that have a significant ef-
fect on the projections made in the report.’’.
TITLE VI—BASELINES AND BYRD
RULE
SEC. 601. PURPOSE.
The purposes of this title are to—
(1) require budgetary comparisons to prior year
levels; and
(2) restrict the application of the Byrd rule to
measures other than conference reports.
Subtitle A—The Baseline
SEC. 611. THE PRESIDENT’S BUDGET.
(a) Paragraph (5) of section 1105(a) of title 31,
United States Code, is amended to read as follows:
‘‘(5) except as provided in subsection (b) of this
section, estimated expenditures and appropriations
for the current year and estimated expenditures and
proposed appropriations the President decides are
necessary to support the Government in the fiscal
year for which the budget is submitted and the 4 fis-
cal years following that year, and, except for detailed
budget estimates, the percentage change from the
current year to the fiscal year for which the budget
is submitted for estimated expenditures and for ap-
propriations.’’.
(b) Section 1105(a)(6) of title 31, United States
Code, is amended to read as follows:
‘‘(6) estimated receipts of the Government in
the current year and the fiscal year for which the
budget is submitted and the 4 fiscal years after that
year under—
‘‘(A) laws in effect when the budget is sub-
mitted; and
‘‘(B) proposals in the budget to increase
revenues, and the percentage change (in the
case of each category referred to in subpara-
graphs (A) and (B)) between the current year
and the fiscal year for which the budget is sub-
mitted and between the current year and each
of the 9 fiscal years after the fiscal year for
which the budget is submitted.’’.
(c) Section 1105(a)(12) of title 31, United States
Code, is amended to read as follows:
‘‘(12) for each proposal in the budget for legis-
lation that would establish or expand a Government
activity or function, a table showing—
‘‘(A) the amount proposed in the budget
for appropriation and for expenditure because
of the proposal in the fiscal year for which the
budget is submitted;
‘‘(B) the estimated appropriation required
because of the proposal for each of the 4 fiscal
years after that year that the proposal will be
in effect; and
‘‘(C) the estimated amount for the same
activity or function, if any, in the current fiscal
year,
and, except for detailed budget estimates, the per-
centage change (in the case of each category re-
ferred to in subparagraphs (A), (B), and (C)) be-
tween the current year and the fiscal year for which
the budget is submitted.’’.
(d) Section 1105(a)(18) of title 31, United States
Code, is amended by inserting ‘‘new budget authority
and’’ before ‘‘budget outlays’’.
(e) Section 1105(a) of title 31, United States Code,
(as amended by sections 412(b) and 521(a)) is further
amended by adding at the end the following new para-
graphs:
‘‘(35) a comparison of levels of estimated ex-
penditures and proposed appropriations for each
function and subfunction in the current fiscal year
and the fiscal year for which the budget is sub-
mitted, along with the proposed increase or decrease
of spending in percentage terms for each function
and subfunction.
‘‘(36) a table on sources of growth in total di-
rect spending under current law and as proposed in
this budget submission for the budget year and the
ensuing 9 fiscal years, which shall include changes
in outlays attributable to the following: cost-of-living
adjustments; changes in the number of program re-
cipients; increases in medical care prices, utilization
and intensity of medical care; and residual factors.
‘‘(37) a comparison of the estimated level of ob-
ligation limitations, budget authority, and outlays
for highways subject to the discretionary spending
limits for highways (if any) set forth in section
251(c) of the Balanced Budget and Emergency Def-
icit Control Act of 1985 for the fiscal year for which
the budget is submitted and the corresponding levels
for such year under current law as adjusted pursu-
ant to section 251(b)(1)(D) of such Act.’’.
(f) Section 1109(a) of title 31, United States Code,
is amended by inserting after the first sentence the fol-
lowing new sentence: ‘‘For discretionary spending, these
estimates shall assume the levels set forth in the discre-
tionary spending limits under section 251(c) of the Bal-
anced Budget and Emergency Deficit Control Act of 1985,
as adjusted, for the appropriate fiscal years (and if no
such limits are in effect, these estimates shall assume the
adjusted levels for the most recent fiscal year for which
such levels were in effect).’’.
SEC. 612. THE CONGRESSIONAL BUDGET.
Section 301(e) of the Congressional Budget Act of
1974 (as amended by section 103) is further amended—
(1) in paragraph (1), by inserting at the end
the following: ‘‘The basis of deliberations in devel-
oping such joint resolution shall be the estimated
budgetary levels for the preceding fiscal year. Any
budgetary levels pending before the committee and
the text of the joint resolution shall be accompanied
by a document comparing such levels or such text to
the estimated levels of the prior fiscal year. Any
amendment offered in the committee that changes a
budgetary level and is based upon a specific policy
assumption for a program, project, or activity shall
be accompanied by a document indicating the esti-
mated amount for such program, project, or activity
in the current year.’’; and
(2) in paragraph (2), by striking ‘‘and’’ at the
end of subparagraph (H) (as redesignated), by strik-
ing the period and inserting a semicolon at the end
of subparagraph (I) (as redesignated), and by add-
ing at the end the following new subparagraphs:
‘‘(J) a comparison of levels for the current
fiscal year with proposed spending and revenue
levels for the subsequent fiscal years along with
the proposed increase or decrease of spending
in percentage terms for each function; and
‘‘(K) a comparison of the proposed levels
of new budget authority and outlays for the
highway category (if any) (as defined in section
250(c)(4)(B) of the Balanced Budget and
Emergency Deficit Control Act of 1985) for the
budget year with the corresponding levels under
current law as adjusted consistent with the an-
ticipated revenue alignment adjustments to be
made pursuant to section 251(b)(1)(D) of such
Act.’’.
SEC. 613. CONGRESSIONAL BUDGET OFFICE REPORTS TO
COMMITTEES.
(a) The first sentence of section 202(e)(1) of the Con-
gressional Budget Act of 1974 is amended by inserting
‘‘compared to comparable levels for the current year’’ be-
fore the comma at the end of subparagraph (A) and before
the comma at the end of subparagraph (B).
(b) Section 202(e)(1) of the Congressional Budget
Act of 1974 is amended by inserting after the first sen-
tence the following new sentence: ‘‘Such report shall also
include a table on sources of spending growth in total di-
rect spending for the budget year and the ensuing 9 fiscal
years, which shall include changes in outlays attributable
to the following: cost-of-living adjustments; changes in the
number of program recipients; increases in medical care
prices, utilization and intensity of medical care; and resid-
ual factors.’’.
(c) Section 308(a)(1)(B) of the Congressional Budget
Act of 1974 is amended by inserting ‘‘and shall include
a comparison of those levels to comparable levels for the
current fiscal year’’ before ‘‘if timely submitted’’.
SEC. 614. OUTYEAR ASSUMPTIONS FOR DISCRETIONARY
SPENDING.
For purposes of chapter 11 of title 31 of the United
States Code, or the Congressional Budget Act of 1974,
unless otherwise expressly provided, in making budgetary
projections for years for which there are no discretionary
spending limits, the Director of the Office of Management
and Budget and the Director of the Congressional Budget
Office shall assume discretionary spending levels at the
levels for the last fiscal year for which such levels were
in effect.
Subtitle B—The Byrd Rule
SEC. 621. LIMITATION ON BYRD RULE.
(a) PROTECTION OF CONFERENCE REPORTS.—Sec-
tion 313 of the Congressional Budget Act of 1974 is
amended—
(1) in subsection (c), by striking ‘‘and again
upon the submission of a conference report on such
a reconciliation bill or resolution,’’;
(2) by striking subsection (d);
(3) by redesignating subsection (e) as sub-
section (d); and
(4) in subsection (e), as redesignated—
(A) by striking ‘‘, motion, or conference re-
port’’ the first place it appears and inserting ‘‘,
or motion’’; and
(B) by striking ‘‘, motion, or conference re-
port’’ the second and third places it appears
and inserting ‘‘or motion’’.
(b) CONFORMING AMENDMENT.—The first sentence
of section 312(e) of the Congressional Budget Act of 1974
is amended by inserting ‘‘, except for section 313,’’ after
‘‘Act’’.
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