(2) BIENNIUM.—Section 3 of such Act (2 
U.S.C. 622) is amended by adding at the end the 
following new paragraph: 
‘‘(11) The term ‘biennium’ means the period of 
2 consecutive fiscal years beginning on October 1 of 
any odd-numbered year.’’. 
(c) BIENNIAL CONCURRENT RESOLUTION ON THE 
BUDGET.— 
(1) 
CONTENTS
OF
RESOLUTION.—Section 
301(a) of such Act (2 U.S.C. 632(a)) is amended— 
(A) in the matter preceding paragraph (1) 
by— 
(i) striking ‘‘April 15 of each year’’ 
and inserting ‘‘May 15 of each odd-num-
bered year’’; 
(ii) striking ‘‘the fiscal year beginning 
on October 1 of such year’’ the first place 
it appears and inserting ‘‘the biennium be-
ginning on October 1 of such year’’; and 
(iii) striking ‘‘the fiscal year beginning 
on October 1 of such year’’ the second 
place it appears and inserting ‘‘each fiscal 
year in such period’’; 
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(B) in paragraph (6), by striking ‘‘for the 
fiscal year’’ and inserting ‘‘for each fiscal year 
in the biennium’’; and 
(C) in paragraph (7), by striking ‘‘for the 
fiscal year’’ and inserting ‘‘for each fiscal year 
in the biennium’’. 
(2) ADDITIONAL MATTERS.—Section 301(b) of 
such Act (2 U.S.C. 632(b)) is amended— 
(A) in paragraph (3), by striking ‘‘for such 
fiscal year’’ and inserting ‘‘for either fiscal year 
in such biennium’’; and 
(B) in paragraph (7), by striking ‘‘for the 
first fiscal year’’ and inserting ‘‘for each fiscal 
year in the biennium’’. 
(3) VIEWS
OF
OTHER
COMMITTEES.—Section 
301(d) of such Act (2 U.S.C. 632(d)) is amended by 
inserting ‘‘(or, if applicable, as provided by section 
300(b))’’ after ‘‘United States Code’’. 
(4) HEARINGS.—Section 301(e)(1) of such Act 
(2 U.S.C. 632(e)) is amended by— 
(A) striking ‘‘fiscal year’’ and inserting 
‘‘biennium’’; and 
(B) inserting after the second sentence the 
following: ‘‘On or before April 1 of each odd- 
numbered year (or, if applicable, as provided by 
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section 300(b)), the Committee on the Budget 
of each House shall report to its House the con-
current resolution on the budget referred to in 
subsection (a) for the biennium beginning on 
October 1 of that year.’’. 
(5) GOALS FOR REDUCING UNEMPLOYMENT.— 
Section 301(f) of such Act (2 U.S.C. 632(f)) is 
amended by striking ‘‘fiscal year’’ each place it ap-
pears and inserting ‘‘biennium’’. 
(6) 
ECONOMIC
ASSUMPTIONS.—Section 
301(g)(1) of such Act (2 U.S.C. 632(g)(1)) is 
amended by striking ‘‘for a fiscal year’’ and insert-
ing ‘‘for a biennium’’. 
(7) SECTION HEADING.—The section heading of 
section 301 of such Act is amended by striking ‘‘AN-
NUAL’’ and inserting ‘‘BIENNIAL’’. 
(8) TABLE OF CONTENTS.—The item relating 
to section 301 in the table of contents set forth in 
section 1(b) of such Act is amended by striking ‘‘An-
nual’’ and inserting ‘‘Biennial’’. 
(d) COMMITTEE ALLOCATIONS.—Section 302 of such 
Act (2 U.S.C. 633) is amended— 
(1) in subsection (a)(1) by— 
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(A) striking ‘‘for the first fiscal year of the 
resolution,’’ and inserting ‘‘for each fiscal year 
in the biennium,’’; 
(B) striking ‘‘for that period of fiscal 
years’’ and inserting ‘‘for all fiscal years cov-
ered by the resolution’’; and 
(C) striking ‘‘for the fiscal year of that 
resolution’’ and inserting ‘‘for each fiscal year 
in the biennium’’; 
(2) in subsection (f)(1), by striking ‘‘for a fiscal 
year’’ and inserting ‘‘for a biennium’’; 
(3) in subsection (f)(1), by striking ‘‘first fiscal 
year’’ and inserting ‘‘either fiscal year of the bien-
nium’’; 
(4) in subsection (f)(2)(A), by— 
(A) striking ‘‘first fiscal year’’ and insert-
ing ‘‘each fiscal year of the biennium’’; and 
(B) striking ‘‘the total of fiscal years’’ and 
inserting ‘‘the total of all fiscal years covered by 
the resolution’’; and 
(5) in subsection (g)(1)(A), by striking ‘‘April’’ 
and inserting ‘‘May’’. 
(e) SECTION 303 POINT OF ORDER.— 
(1) IN GENERAL.—Section 303(a) of such Act 
(2 U.S.C. 634(a)) is amended by striking ‘‘for a fis-
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cal year’’ and inserting ‘‘for a biennium’’ and by 
striking ‘‘the first fiscal year’’ and inserting ‘‘each 
fiscal year of the biennium’’. 
(2) EXCEPTIONS
IN
THE
HOUSE.—Section 
303(b) of such Act (2 U.S.C. 634(b)) is amended— 
(A) in paragraph (1)(A), by striking ‘‘the 
budget year’’ and inserting ‘‘the biennium’’; 
(B) in paragraph (1)(B), by striking ‘‘the 
fiscal year’’ and inserting ‘‘the biennium’’; and 
(C) in paragraph (2), by inserting ‘‘(or 
June 1 whenever section 300(b) is applicable)’’. 
(3) APPLICATION
TO
THE
SENATE.—Section 
303(c)(1) of such Act (2 U.S.C. 634(c)) is amended 
by— 
(A) striking ‘‘fiscal year’’ and inserting 
‘‘biennium’’; and 
(B) striking ‘‘that year’’ and inserting 
‘‘each fiscal year of that biennium’’. 
(f) PERMISSIBLE REVISIONS OF CONCURRENT RESO-
LUTIONS ON THE BUDGET.—Section 304 of such Act (2 
U.S.C. 635) is amended— 
(1) by striking ‘‘fiscal year’’ the first two places 
it appears and inserting ‘‘biennium’’; 
(2) by striking ‘‘for such fiscal year’’; and 
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(3) by inserting before the period ‘‘for such bi-
ennium’’. 
(g) PROCEDURES FOR CONSIDERATION OF BUDGET 
RESOLUTIONS.—Section 305(a)(3) of such Act (2 U.S.C. 
636(b)(3)) is amended by striking ‘‘fiscal year’’ and in-
serting ‘‘biennium’’. 
(h) COMPLETION OF HOUSE COMMITTEE ACTION ON 
APPROPRIATION BILLS.—Section 307 of such Act (2 
U.S.C. 638) is amended— 
(1) by striking ‘‘each year’’ and inserting ‘‘each 
odd-numbered year (or, if applicable, as provided by 
section 300(b), July 1)’’; 
(2) by striking ‘‘annual’’ and inserting ‘‘bien-
nial’’; 
(3) by striking ‘‘fiscal year’’ and inserting ‘‘bi-
ennium’’; and 
(4) by striking ‘‘that year’’ and inserting ‘‘each 
odd-numbered year’’. 
(i) QUARTERLY BUDGET REPORTS.—Section 308 of 
such Act (2 U.S.C. 639) is amended by adding at the end 
the following new subsection: 
‘‘(d) QUARTERLY BUDGET REPORTS.—The Director 
of the Congressional Budget Office shall, as soon as prac-
ticable after the completion of each quarter of the fiscal 
year, prepare an analysis comparing revenues, spending, 
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and the deficit or surplus for the current fiscal year to 
assumptions included in the congressional budget resolu-
tion. In preparing this report, the Director of the Congres-
sional Budget Office shall combine actual budget figures 
to date with projected revenue and spending for the bal-
ance of the fiscal year. The Director of the Congressional 
Budget Office shall include any other information in this 
report that it deems useful for a full understanding of the 
current fiscal position of the Federal Government. The re-
ports mandated by this subsection shall be transmitted by 
the Director to the Senate and House Committees on the 
Budget, and the Congressional Budget Office shall make 
such reports available to any interested party upon re-
quest.’’. 
(j) COMPLETION OF HOUSE ACTION ON REGULAR 
APPROPRIATION BILLS.—Section 309 of such Act (2 
U.S.C. 640) is amended— 
(1) by striking ‘‘It’’ and inserting ‘‘Except 
whenever section 300(b) is applicable, it’’; 
(2) by inserting ‘‘of any odd-numbered calendar 
year’’ after ‘‘July’’; 
(3) by striking ‘‘annual’’ and inserting ‘‘bien-
nial’’; and 
(4) by striking ‘‘fiscal year’’ and inserting ‘‘bi-
ennium’’. 
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(k) RECONCILIATION PROCESS.—Section 310 of such 
Act (2 U.S.C. 641) is amended— 
(1) in subsection (a), in the matter preceding 
paragraph (1), by striking ‘‘any fiscal year’’ and in-
serting ‘‘any biennium’’; 
(2) in subsection (a)(1), by striking ‘‘such fiscal 
year’’ each place it appears and inserting ‘‘any fiscal 
year covered by such resolution’’; and 
(3) by striking subsection (f) and redesignating 
subsection (g) as subsection (f). 
(l) SECTION 311 POINT OF ORDER.— 
(1) IN THE HOUSE.—Section 311(a)(1) of such 
Act (2 U.S.C. 642(a)) is amended— 
(A) by striking ‘‘for a fiscal year’’ and in-
serting ‘‘for a biennium’’; 
(B) by striking ‘‘the first fiscal year’’ each 
place it appears and inserting ‘‘either fiscal 
year of the biennium’’; and 
(C) by striking ‘‘that first fiscal year’’ and 
inserting ‘‘each fiscal year in the biennium’’. 
(2) IN
THE
SENATE.—Section 311(a)(2) of 
such Act is amended— 
(A) in subparagraph (A), by striking ‘‘for 
the first fiscal year’’ and inserting ‘‘for either 
fiscal year of the biennium’’; and 
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(B) in subparagraph (B)— 
(i) by striking ‘‘that first fiscal year’’ 
the first place it appears and inserting 
‘‘each fiscal year in the biennium’’; and 
(ii) by striking ‘‘that first fiscal year 
and the ensuing fiscal years’’ and inserting 
‘‘all fiscal years’’. 
(3) 
SOCIAL
SECURITY
LEVELS.—Section 
311(a)(3) of such Act is amended by— 
(A) striking ‘‘for the first fiscal year’’ and 
inserting ‘‘each fiscal year in the biennium’’; 
and 
(B) striking ‘‘that fiscal year and the ensu-
ing fiscal years’’ and inserting ‘‘all fiscal 
years’’. 
(m) 
MAXIMUM
DEFICIT
AMOUNT
POINT
OF 
ORDER.—Section 312(c) of the Congressional Budget Act 
of 1974 (2 U.S.C. 643) is amended— 
(1) by striking ‘‘for a fiscal year’’ and inserting 
‘‘for a biennium’’; 
(2) in paragraph (1), by striking ‘‘first fiscal 
year’’ and inserting ‘‘either fiscal year in the bien-
nium’’; 
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(3) in paragraph (2), by striking ‘‘that fiscal 
year’’ and inserting ‘‘either fiscal year in the bien-
nium’’; and 
(4) in the matter following paragraph (2), by 
striking ‘‘that fiscal year’’ and inserting ‘‘the appli-
cable fiscal year’’. 
SEC. 4. AMENDMENTS TO RULES OF HOUSE OF REP-
RESENTATIVES. 
(a) Clause 4(a)(1)(A) of rule X of the Rules of the 
House of Representatives is amended by inserting ‘‘odd- 
numbered’’ after ‘‘each’’. 
(b) Clause 4(a)(4) of rule X of the Rules of the House 
of Representatives is amended by striking ‘‘fiscal year’’ 
and inserting ‘‘biennium’’. 
(c) Clause 4(b)(2) of rule X of the Rules of the House 
of Representatives is amended by striking ‘‘each fiscal 
year’’ and inserting ‘‘the biennium’’. 
(d) Clause 4(b) of rule X of the Rules of the House 
of Representatives is amended by striking ‘‘and’’ at the 
end of subparagraph (5), by striking the period and insert-
ing ‘‘; and’’ at the end of subparagraph (6), and by adding 
at the end the following new subparagraph: 
‘‘(7) use the second session of each Congress to study 
issues with long-term budgetary and economic implica-
tions, which would include— 
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