SEC. 203. CONFORMING AMENDMENT. 
The table of contents set forth in section 1(b) of the 
Congressional Budget and Impoundment Control Act of 
1974 is amended by inserting after the item relating to 
section 321 the following new items: 
‘‘Sec. 316. Discretionary deficit reduction account. 
‘‘Sec. 317. Direct spending deficit reduction account.’’. 
TITLE III—GENERAL FUND 
TRANSFERS 
SEC. 301. BUDGET RULE RELATING TO TRANSFERS FROM 
THE GENERAL FUND OF THE TREASURY TO 
THE HIGHWAY TRUST FUND THAT INCREASE 
PUBLIC INDEBTEDNESS. 
For purposes of the Congressional Budget Act of 
1974, the Balanced Budget and Emergency Deficit Con-
trol Act of 1985, the Rules of the House of Representa-
tives, or the Standing Rules of the Senate, a bill or joint 
resolution, or an amendment thereto or conference report 
thereon, or any Act that transfers funds from the general 
fund of the Treasury to the Highway Trust Fund shall 
be counted as new budget authority and outlays equal to 
the amount of the transfer in the fiscal year the transfer 
occurs. 
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TITLE IV—BUDGETING FOR 
PELL GRANTS 
SEC. 401. BUDGETING FOR PELL GRANTS. 
(a) SUNSET
OF MANDATORY PELL GRANT ADD- 
ON.—Section 401(b)(7) of the Higher Education Act of 
1965 (20 U.S.C. 1070a(b)(7)) is amended— 
(1) in subparagraph (A)— 
(A) in clause (iii), by striking ‘‘for fiscal 
year 2010’’ and all that follows through the 
semicolon, and inserting ‘‘for each of the fiscal 
years 2010, 2011, and 2012 to provide the 
amount of increase of the maximum Federal 
Pell Grant required by subparagraph (B)(ii)’’; 
and 
(B) in clause (iv)— 
(i) by inserting ‘‘and’’ at the end of 
subclause (I); 
(ii) in subclause (II), by striking the 
semicolon and inserting a period; and 
(iii) by striking subclauses (III) 
through (XI); 
(2) in subparagraph (B)— 
(A) in clause (i), by inserting ‘‘and’’ after 
the semicolon; 
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(B) in clause (ii), by striking ‘‘; and’’ and 
inserting a period; and 
(C) by striking clause (iii); 
(3) by striking subparagraph (C); 
(4) 
by 
redesignating 
subparagraphs 
(D) 
through (F) as subparagraphs (C) through (E), re-
spectively; and 
(5) in subparagraph (C) (as so redesignated), 
by striking ‘‘subparagraphs (B) and (C)’’ and insert-
ing ‘‘subparagraph (B)’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall take effect on the date of enactment 
of this Act. 
SEC. 402. CONFORMING CHANGE TO MAINTAIN MAXIMUM 
FEDERAL PELL GRANT AMOUNTS FOR ACA-
DEMIC YEARS 2013–2017 AND SUCCEEDING 
YEARS. 
For award years beginning with award year 2013– 
2014, section 401(b) of the Higher Education Act of 1965 
(20 U.S.C. 1070a(b)), is amended— 
(1) by amending subparagraph (A) of para-
graph (2) to read as follows: 
‘‘(A) The amount of the Federal Pell Grant for a stu-
dent eligible under this part shall be $5,550 for academic 
years 2013–2014 through 2017–2018 less an amount 
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