•HCON 112 EH 
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. 
(2) 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 $3,750,000,000 for the pe-
riod 
of 
fiscal 
years 
2012 
and 
2013; 
by 
$28,430,000,000 for the period of fiscal years 2012 
through 2017; and by $96,760,000,000 for the pe-
riod of fiscal years 2012 through 2022. 
(3) COMMITTEE ON FINANCIAL SERVICES.—The 
Committee on Financial Services shall submit 
changes in laws within its jurisdiction 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 period of fiscal years 2012 through 2017; 
and by $29,800,000,000 for the period of fiscal 
years 2012 through 2022. 
(4) 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
•HCON 112 EH 
of fiscal years 2012 through 2017; and by 
$39,700,000,000 for the period of fiscal years 2012 
through 2022. 
(5) 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 $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. 
(6) 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 $1,200,000,000 for the period 
of fiscal years 2012 and 2013; by $23,000,000,000 
for the period of fiscal years 2012 through 2017; 
and by $53,000,000,000 for the period of fiscal 
years 2012 through 2022.
•HCON 112 EH 
SEC. 202. DIRECTIVE TO THE COMMITTEE ON THE BUDGET 
OF THE HOUSE OF REPRESENTATIVES TO RE-
PLACE THE SEQUESTER ESTABLISHED BY 
THE BUDGET CONTROL ACT OF 2011. 
(a) SUBMISSION.—In the House, the Committee on 
the Budget shall report to the House a bill carrying out 
the directions set forth in subsection (b). 
(b) DIRECTIONS.—The bill referred to in subsection 
(a) shall include the following provisions: 
(1) REPLACING THE SEQUESTER ESTABLISHED 
BY THE BUDGET CONTROL ACT OF 2011.—The lan-
guage shall amend section 251A of the Balanced 
Budget and Emergency Deficit Control Act of 1985 
to replace the sequester established under that sec-
tion consistent with this concurrent resolution. 
(2) APPLICATION OF PROVISIONS.—The bill re-
ferred to in subsection (a) shall include language 
making its application contingent upon the enact-
ment of the reconciliation bill referred to in section 
201.
•HCON 112 EH 
TITLE III—RECOMMENDED LEV-
ELS AND AMOUNTS FOR FIS-
CAL YEARS 2030, 2040, AND 
2050 
SEC. 301. 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: 20.25 percent. 
Fiscal year 2040: 18.75 percent. 
Fiscal year 2050: 16 percent. 
(3) DEFICITS.—The appropriate amounts of 
deficits are as follows: 
Fiscal year 2030: 1.25 percent. 
Fiscal year 2040: -.25 percent. 
Fiscal year 2050: -3 percent. 
(4) DEBT HELD BY THE PUBLIC.—The appro-
priate levels of debt held by the public are as follows:
•HCON 112 EH 
Fiscal year 2030: 53 percent. 
Fiscal year 2040: 38 percent. 
Fiscal year 2050: 10 percent. 
TITLE IV—RESERVE FUNDS 
SEC. 401. RESERVE FUND FOR THE REPEAL OF THE 2010 
HEALTH CARE LAWS. 
In the House, the chair 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 or joint resolution, or amendment thereto 
or conference report thereon, that repeals the Patient Pro-
tection and Affordable Care Act or the Health Care and 
Education Reconciliation Act of 2010. 
SEC. 402. DEFICIT-NEUTRAL RESERVE FUND FOR THE SUS-
TAINABLE GROWTH RATE OF THE MEDICARE 
PROGRAM. 
In the House, the chair 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 or joint resolution, or amendment thereto 
or conference report thereon, that includes provisions 
amending or superseding the system for updating pay-
ments under section 1848 of the Social Security Act, if 
such measure would not increase the deficit in the period 
of fiscal years 2013 through 2022.
•HCON 112 EH 
SEC. 403. DEFICIT-NEUTRAL RESERVE FUND FOR REVENUE 
MEASURES. 
In the House, the chair 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 reported by the Committee on Ways and 
Means, or any amendment thereto or conference report 
thereon, that decreases revenue, but only if such measure 
would not increase the deficit over the period of fiscal 
years 2013 through 2022. 
SEC. 404. DEFICIT-NEUTRAL RESERVE FUND FOR RURAL 
COUNTIES AND SCHOOLS. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels and limits in this resolution for the 
budgetary effects of any bill or joint resolution, or amend-
ment thereto or conference report thereon, that makes 
changes to the Payments in Lieu of Taxes Act of 1976 
(Public Law 94–565) or makes changes to or provides for 
the reauthorization of the Secure Rural Schools and Com-
munity Self Determination Act of 2000 (Public Law 106– 
393) by the amounts provided by that legislation for those 
purposes, if such legislation would not increase the deficit 
or direct spending for fiscal year 2013, the period of fiscal 
years 2013 through 2017, or the period of fiscal years 
2013 through 2022.
•HCON 112 EH 
SEC. 405. DEFICIT-NEUTRAL RESERVE FUND FOR TRANS-
PORTATION. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels in this resolution for any bill or joint 
resolution, or amendment thereto or conference report 
thereon, if such measure maintains the solvency of the 
Highway Trust Fund, but only if such measure would not 
increase the deficit over the period of fiscal years 2013 
through 2022. 
TITLE V—BUDGET 
ENFORCEMENT 
SEC. 501. LIMITATION ON ADVANCE APPROPRIATIONS. 
(a) IN GENERAL.—In the House, except as provided 
in subsection (b), any bill or joint resolution, or an amend-
ment thereto or conference report thereon, making a gen-
eral appropriation 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’’.
•HCON 112 EH 
(c) LIMITATIONS.—For fiscal year 2014, the aggre-
gate amount of advance appropriation shall not exceed— 
(1) $54,462,000,000 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 2014. 
SEC. 502. CONCEPTS AND DEFINITIONS. 
Upon the enactment of any bill or joint resolution 
providing for a change in budgetary concepts or defini-
tions, the chair of the Committee on the Budget may ad-
just any appropriate levels and allocations in this resolu-
tion accordingly.
•HCON 112 EH 
SEC. 503. ADJUSTMENTS OF AGGREGATES AND ALLOCA-
TIONS FOR LEGISLATION. 
(a) ENFORCEMENT.—For purposes of enforcing this 
resolution, the revenue levels shall be those set forth in 
the March 2012 Congressional Budget Office baseline. 
The total amount of adjustments made under subsection 
(b) may not cause revenue levels to be below the levels 
set forth in paragraph (1)(A) of section 101 for fiscal year 
2013 and for the period of fiscal years 2013 through 
2022. 
(b) ADJUSTMENTS.—(1) The chair of the Committee 
on the Budget may adjust the allocations and aggregates 
of this concurrent resolution for— 
(A) the budgetary effects of measures extending 
the Economic Growth and Tax Relief Reconciliation 
Act of 2001; 
(B) the budgetary effects of measures extending 
the Jobs and Growth Tax Relief Reconciliation Act 
of 2003; 
(C) the budgetary effects of measures that ad-
just the Alternative Minimum Tax exemption 
amounts to prevent a larger number of taxpayers as 
compared with tax year 2008 from being subject to 
the Alternative Minimum Tax or of allowing the use 
of nonrefundable personal credits against the Alter-
native Minimum Tax;
•HCON 112 EH 
(D) the budgetary effects of extending the es-
tate, gift, and generation-skipping transfer tax pro-
visions of title III of the Tax Relief, Unemployment 
Insurance Reauthorization, and Job Creation Act of 
2010; 
(E) the budgetary effects of measures providing 
a 20 percent deduction in income to small busi-
nesses; 
(F) the budgetary effects of measures imple-
menting trade agreements; 
(G) the budgetary effects of provisions repeal-
ing the tax increases set forth in the Patient Protec-
tion and Affordable Care Act and the Health Care 
and Education Affordability Reconciliation Act of 
2010; 
(H) the budgetary effects of provisions reform-
ing the Patient Protection and Affordable Care Act 
and the Health Care and Education Affordability 
Reconciliation Act of 2010; and 
(I) the budgetary effects of measures reforming 
the tax code and lowering tax rates. 
(2) A measure does not qualify for adjustments under 
paragraph (1)(H) if it— 
(A) increases the deficit over the period of fiscal 
years 2013 through 2022; or
•HCON 112 EH 
(B) increases revenues over the period of fiscal 
years 2013 through 2022, other than by— 
(i) repealing or modifying the individual 
mandate (codified as section 5000A of the In-
ternal Revenue Code of 1986); or 
(ii) modifying the subsidies to purchase 
health insurance (codified as section 36B of the 
Internal Revenue Code of 1986). 
(c) OTHER ADJUSTMENTS.—If a committee (other 
than the Committee on Appropriations) reports a bill or 
joint resolution, or an amendment thereto or a conference 
report thereon, providing for a decrease in direct spending 
(budget authority and outlays flowing therefrom) for any 
fiscal year and also provides for an authorization of appro-
priations for the same purpose, upon the enactment of 
such measure, the chair of the Committee on the Budget 
may decrease the allocation to such committee and in-
crease the allocation of discretionary spending (budget au-
thority and outlays flowing therefrom) to the Committee 
on Appropriations for fiscal year 2013 by an amount equal 
to the new budget authority (and outlays flowing there-
from) provided for in a bill or joint resolution making ap-
propriations for the same purpose. 
(d) DETERMINATIONS.—For the purpose of enforcing 
this concurrent resolution on the budget in the House, the
•HCON 112 EH 
allocations and aggregate levels of new budget authority, 
outlays, direct spending, new entitlement authority, reve-
nues, deficits, and surpluses for fiscal year 2013 and the 
period of fiscal years 2013 through fiscal year 2022 shall 
be determined on the basis of estimates made by the chair 
of the Committee on the Budget and such chair may ad-
just the applicable levels of this resolution. 
SEC. 504. 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 direct spending in excess of $5,000,000,000 for 
any period described in subsection (b). 
(b) TIME PERIODS.—The applicable periods for pur-
poses of this section are any of the first four consecutive 
ten fiscal-year periods beginning with fiscal year 2023. 
SEC. 505. 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