•HCON 27 RH 
(A) 
New 
budget 
authority, 
$26,968,000,000. 
(B) Outlays, $26,825,000,000. 
(18) Net Interest (900): 
Fiscal year 2016: 
(A) 
New 
budget 
authority 
$366,527,000,000. 
(B) Outlays, $366,527,000,000. 
Fiscal year 2017: 
(A) 
New 
budget 
authority, 
$414,768,000,000. 
(B) Outlays, $414,768,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
$477,731,000,000. 
(B) Outlays, $477,731,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
$531,032,000,000. 
(B) Outlays, $531,032,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
$578,654,000,000. 
(B) Outlays, $578,654,000,000. 
Fiscal year 2021: 
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(A) 
New 
budget 
authority, 
$612,121,000,000. 
(B) Outlays, $612,121,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
$642,388,000,000. 
(B) Outlays, $642,388,000,000. 
Fiscal year 2023: 
(A) 
New 
budget 
authority, 
$667,089,000,000. 
(B) Outlays, $667,089,000,000. 
Fiscal year 2024: 
(A) 
New 
budget 
authority, 
$684,301,000,000. 
(B) Outlays, $684,301,000,000. 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$695,929,000,000. 
(B) Outlays, $695,929,000,000. 
(19) Allowances (920): 
Fiscal year 2016: 
(A) 
New 
budget 
authority 
-$33,462,000,000. 
(B) Outlays, -$17,275,000,000. 
Fiscal year 2017: 
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(A) 
New 
budget 
authority, 
-$29,863,000,000. 
(B) Outlays, -$24,277,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
-$32,175,000,000. 
(B) Outlays, -$28,249,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
-$34,261,000,000. 
(B) Outlays, -$31,078,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
-$39,009,000,000. 
(B) Outlays, -$35,136,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$42,221,000,000. 
(B) Outlays, -$38,438,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
-$46,013,000,000. 
(B) Outlays, -$42,205,000,000. 
Fiscal year 2023: 
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(A) 
New 
budget 
authority, 
-$49,123,000,000. 
(B) Outlays, -$45,430,000,000. 
Fiscal year 2024: 
(A) 
New 
budget 
authority, 
-$50,652,000,000. 
(B) Outlays, -$47,736,000,000. 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$48,913,000,000. 
(B) Outlays, -$48,058,000,000. 
(20) Government-wide savings (930): 
Fiscal year 2016: 
(A) 
New 
budget 
authority 
$27,465,000,000. 
(B) Outlays, $18,416,000,000. 
Fiscal year 2017: 
(A) 
New 
budget 
authority, 
-$15,712,000,000. 
(B) Outlays, -$3,005,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
-$32,429,000,000. 
(B) Outlays, -$20,148,000,000. 
Fiscal year 2019: 
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(A) 
New 
budget 
authority, 
-$41,554,000,000. 
(B) Outlays, -$32,383,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
-$50,240,000,000. 
(B) Outlays, -$42,168,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$55,831,000,000. 
(B) Outlays, -$50,276,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
-$63,954,000,000. 
(B) Outlays, -$57,849,000,000. 
Fiscal year 2023: 
(A) 
New 
budget 
authority, 
-$71,850,000,000. 
(B) Outlays, -$65,124,000,000. 
Fiscal year 2024: 
(A) 
New 
budget 
authority, 
-$78,889,000,000. 
(B) Outlays, -$71,689,000,000. 
Fiscal year 2025: 
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(A) 
New 
budget 
authority, 
-$113,903,000,000. 
(B) Outlays, -$93,929,000,000. 
(21) Undistributed Offsetting Receipts (950): 
Fiscal year 2016: 
(A) 
New 
budget 
authority 
-$73,514,000,000. 
(B) Outlays, -$73,514,000,000. 
Fiscal year 2017: 
(A) 
New 
budget 
authority, 
-$83,832,000,000. 
(B) Outlays, -$83,832,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
-$90,115,000,000. 
(B) Outlays, -$90,115,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
-$90,594,000,000. 
(B) Outlays, -$90,594,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
-$92,193,000,000. 
(B) Outlays, -$92,193,000,000. 
Fiscal year 2021: 
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(A) 
New 
budget 
authority, 
-$96,623,000,000. 
(B) Outlays, -$96,623,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
-$99,437,000,000. 
(B) Outlays, -$99,437,000,000. 
Fiscal year 2023: 
(A) 
New 
budget 
authority, 
-$104,343,000,000. 
(B) Outlays, -$104,343,000,000. 
Fiscal year 2024: 
(A) 
New 
budget 
authority, 
-$111,213,000,000. 
(B) Outlays, -$111,213,000,000. 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$117,896,000,000. 
(B) Outlays, -$117,896,000,000. 
(22) Overseas Contingency Operations/Global 
War on Terrorism (970): 
Fiscal year 2016: 
(A) 
New 
budget 
authority 
$94,000,000,000. 
(B) Outlays, $44,304,000,000. 
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Fiscal year 2017: 
(A) 
New 
budget 
authority, 
$26,666,000,000. 
(B) Outlays, $33,716,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
$26,666,000,000. 
(B) Outlays, $26,758,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
$26,666,000,000. 
(B) Outlays, $26,117,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
$26,666,000,000. 
(B) Outlays, $25,862,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
$26,666,000,000. 
(B) Outlays, $24,776,000,000. 
Fiscal year 2022: 
(A) New budget authority, $0. 
(B) Outlays, $9,956,000,000. 
Fiscal year 2023: 
(A) New budget authority, $0. 
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(B) Outlays, $2,869,000,000. 
Fiscal year 2024: 
(A) New budget authority, $0. 
(B) Outlays, $278,000,000. 
Fiscal year 2025: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
(23) Across-the-Board Adjustment (990): 
Fiscal year 2016: 
(A) 
New 
budget 
authority 
-$21,000,000. 
(B) Outlays, -$17,000,000. 
Fiscal year 2017: 
(A) 
New 
budget 
authority, 
-$22,000,000. 
(B) Outlays, -$20,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
-$23,000,000. 
(B) Outlays, -$21,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
-$23,000,000. 
(B) Outlays, -$22,000,000. 
Fiscal year 2020: 
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(A) 
New 
budget 
authority, 
-$24,000,000. 
(B) Outlays, -$23,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$24,000,000. 
(B) Outlays, -$23,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
-$25,000,000. 
(B) Outlays, -$24,000,000. 
Fiscal year 2023: 
(A) 
New 
budget 
authority, 
-$26,000,000. 
(B) Outlays, -$25,000,000. 
Fiscal year 2024: 
(A) 
New 
budget 
authority, 
-$26,000,000. 
(B) Outlays, -$25,000,000. 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$27,000,000. 
(B) Outlays, -$26,000,000. 
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TITLE II—RECONCILIATION 
SEC. 201. RECONCILIATION IN THE HOUSE OF REPRESENT-
ATIVES. 
(a) SUBMISSION PROVIDING FOR DEFICIT REDUC-
TION.—Not later than July 15, 2015, the committees 
named in subsection (b) shall submit their recommenda-
tions to the Committee on the Budget of the House of 
Representatives to carry out this section. 
(b) INSTRUCTIONS.— 
(1) COMMITTEE ON AGRICULTURE.—The Com-
mittee on Agriculture shall submit changes in laws 
within its jurisdiction sufficient to reduce the deficit 
by $1,000,000,000 for the period of fiscal years 
2016 through 2025. 
(2) COMMITTEE
ON
ARMED
SERVICES.—The 
Committee on Armed Services shall submit changes 
in laws within its jurisdiction sufficient to reduce the 
deficit by $100,000,000 for the period of fiscal years 
2016 through 2025. 
(3) COMMITTEE
ON
EDUCATION
AND
THE 
WORKFORCE.—The Committee on Education and 
the Workforce shall submit changes in laws within 
its jurisdiction sufficient to reduce the deficit by 
$1,000,000,000 for the period of fiscal years 2016 
through 2025. 
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(4) 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 $1,000,000,000 for the pe-
riod of fiscal years 2016 through 2025. 
(5) COMMITTEE ON FINANCIAL SERVICES.—The 
Committee on Financial Services shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $100,000,000 for the period of 
fiscal years 2016 through 2025. 
(6) COMMITTEE
ON
HOMELAND
SECURITY.— 
The Committee on Homeland Security shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $15,000,000 for the period of 
fiscal years 2016 through 2025. 
(7) 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 
2016 through 2025. 
(8) COMMITTEE
ON
NATURAL
RESOURCES.— 
The Committee on Natural Resources shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $100,000,000 for the period of 
fiscal years 2016 through 2025. 
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(9) 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 $1,000,000,000 for the period of fiscal years 
2016 through 2025. 
(10) COMMITTEE
ON
SCIENCE, SPACE, AND 
TECHNOLOGY.—The Committee on Science, Space, 
and Technology shall submit changes in laws within 
its jurisdiction sufficient to reduce the deficit by 
$15,000,000 for the period of fiscal years 2016 
through 2025. 
(11) COMMITTEE ON TRANSPORTATION AND IN-
FRASTRUCTURE.—The Committee on Transportation 
and Infrastructure shall submit changes in laws 
within its jurisdiction sufficient to reduce the deficit 
by $100,000,000 for the period of fiscal years 2016 
through 2025. 
(12) COMMITTEE
ON
VETERANS’ AFFAIRS.— 
The Committee on Veterans’ Affairs shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $100,000,000 for the period of 
fiscal years 2016 through 2025. 
(13) COMMITTEE ON WAYS AND MEANS.—The 
Committee on Ways and Means shall submit 
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changes in laws within its jurisdiction sufficient to 
reduce the deficit by $1,000,000,000 for the period 
of fiscal years 2016 through 2025. 
SEC. 202. RECONCILIATION PROCEDURES. 
(a) ESTIMATING ASSUMPTIONS.— 
(1) ASSUMPTIONS.—In the House, for purposes 
of titles III and IV of the Congressional Budget Act 
of 1974, the chair of the Committee on the Budget 
shall use the baseline underlying the Congressional 
Budget Office’s Budget and Economic Outlook: 
2015 to 2025 (January 2015) when making esti-
mates of any bill or joint resolution, or any amend-
ment thereto or conference report thereon. If adjust-
ments to the baseline are made subsequent to the 
adoption of this concurrent resolution, then such 
chair shall determine whether to use any of these 
adjustments when making such estimates. 
(2) INTENT.—The authority set forth in para-
graph (1) should only be exercised if the estimates 
used to determine the compliance of such measures 
with the budgetary requirements included in the con-
current resolution are inaccurate because adjust-
ments made to the baseline are inconsistent with the 
assumptions underlying the budgetary levels set 
forth in this concurrent resolution. Such inaccurate 
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adjustments made after the adoption of this concur-
rent resolution may include selected adjustments for 
rulemaking, judicial actions, adjudication, and inter-
pretative rules that have major budgetary effects 
and are inconsistent with the assumptions under-
lying the budgetary levels set forth in this concur-
rent resolution. 
(3) CONGRESSIONAL
BUDGET
OFFICE
ESTI-
MATES.—Upon the request of the chair of the Com-
mittee on the Budget of the House for any measure, 
the Congressional Budget Office shall prepare an es-
timate based on the baseline determination made by 
such chair pursuant to paragraph (1). 
(b) REPEAL OF THE PRESIDENT’S HEALTH CARE 
LAW THROUGH RECONCILIATION.—In preparing their 
submissions under section 201(a) to the Committee on the 
Budget, the committees named in section 201(b) shall— 
(1) note the policies described in the report ac-
companying this concurrent resolution on the budget 
that repeal the Affordable Care Act and the health 
care-related provisions of the Health Care and Edu-
cation Reconciliation Act of 2010; and 
(2) determine the most effective methods by 
which the health care laws referred to in paragraph 
(1) shall be repealed in their entirety. 
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(c) REVISION OF BUDGETARY LEVELS.— 
(1) SUBMISSION.—Upon the submission to the 
Committee on the Budget of the House of a rec-
ommendation that has complied with its reconcili-
ation instructions solely by virtue of section 310(b) 
of the Congressional Budget Act of 1974, the chair 
of the Committee on the Budget may file with the 
House appropriately revised allocations under sec-
tion 302(a) of such Act and revised functional levels 
and aggregates. 
(2) CONFERENCE REPORT.—Upon the submis-
sion to the House of a conference report recom-
mending a reconciliation bill or resolution in which 
a committee has complied with its reconciliation in-
structions solely by virtue of this section, the chair 
of the Committee on the Budget of the House may 
file with the House appropriately revised allocations 
under section 302(a) of such Act and revised func-
tional levels and aggregates. 
(3) REVISION.—Allocations and aggregates re-
vised pursuant to this subsection shall be considered 
to be allocations and aggregates established by the 
concurrent resolution on the budget pursuant to sec-
tion 301 of such Act. 
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SEC. 203. ADDITIONAL GUIDANCE FOR RECONCILIATION. 
(a) GUIDANCE.—In the House, the chair of the Com-
mittee on the Budget may develop additional guidelines 
providing further information, budgetary levels and 
amounts, and other explanatory material to supplement 
the instructions included in this concurrent resolution pur-
suant to section 310 of the Congressional Budget Act of 
1974 and set forth in section 201. 
(b) PUBLICATION.—In the House, the chair of the 
Committee on the Budget may cause the material pre-
pared pursuant to subsection (a) to be printed in the Con-
gressional Record on the appropriate date, but not later 
than the date set forth in this title on which committees 
must submit their recommendations to the Committee on 
the Budget in order to comply with the reconciliation in-
structions set forth in section 201. 
TITLE 
III—SUBMISSIONS 
FOR 
THE ELIMINATION OF WASTE, 
FRAUD, AND ABUSE 
SEC. 301. SUBMISSIONS OF FINDINGS FOR THE ELIMI-
NATION OF WASTE, FRAUD, AND ABUSE. 
(a) SUBMISSIONS PROVIDING FOR THE ELIMINATION 
OF WASTE, FRAUD, AND ABUSE.—In the House, not later 
than October 1, 2015, the committees named in subsection 
(d) shall submit to the Committee on the Budget findings 
that identify changes in law within their jurisdictions that 
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would achieve the specified level of savings through the 
elimination of waste, fraud, and abuse. 
(b) RECOMMENDATIONS SUBMITTED.—After receiv-
ing those recommendations — 
(1) the Committee on the Budget may use them 
in the development of future concurrent resolutions 
on the budget; and 
(2) the chair of the Committee on the Budget 
of the House shall make such recommendations pub-
licly available in electronic form and cause them to 
be placed in the Congressional Record not later than 
30 days after receipt. 
(c) SPECIFIED LEVELS OF SAVINGS.—For purposes 
of this section, a specified level of savings for each com-
mittee may be inserted in the Congressional Record by the 
chair of the Committee on the Budget. 
(d) HOUSE COMMITTEES.—The following committees 
shall submit findings to the Committee on the Budget of 
the House of Representatives pursuant to subsection (a): 
the Committee on Agriculture, the Committee on Armed 
Services, the Committee on Education and the Workforce, 
the Committee on Energy and Commerce, the Committee 
on Financial Services, the Committee on Foreign Affairs, 
the Committee on Homeland Security, the Committee on 
House Administration, the Committee on the Judiciary, 
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the Committee on Oversight and Government Reform, the 
Committee on Natural Resources, the Committee on 
Science, Space, and Technology, the Committee on Small 
Business, the Committee on Transportation and Infra-
structure, the Committee on Veterans’ Affairs, and the 
Committee on Ways and Means. 
(e) REPORT BY THE GOVERNMENT ACCOUNTABILITY 
OFFICE.—By August 1, 2015, the Comptroller General 
shall submit to the Committee on the Budget of the House 
of Representatives a comprehensive report identifying in-
stances in which the committees referred to in subsection 
(d) may make legislative changes to improve the economy, 
efficiency, and effectiveness of programs within their juris-
diction. 
TITLE IV—BUDGET 
ENFORCEMENT 
SEC. 401. COST ESTIMATES FOR MAJOR LEGISLATION TO 
INCORPORATE MACROECONOMIC EFFECTS. 
(a) CBO ESTIMATES.—For purposes of the enforce-
ment of this concurrent resolution, upon its adoption until 
the end of fiscal year 2016, an estimate provided by the 
Congressional Budget Office under section 402 of the 
Congressional Budget Act of 1974 for any major legisla-
tion considered in the House or the Senate during fiscal 
year 2016 shall, to the extent practicable, incorporate the 
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(1) the term ‘‘major legislation’’ means any bill 
or joint resolution— 
(A) for which an estimate is required to be 
prepared pursuant to section 402 of the Con-
gressional Budget Act of 1974 and that causes 
a gross budgetary effect (before incorporating 
macroeconomic effects) in any fiscal year over 
the years of the most recently agreed to concur-
rent resolution on the budget equal to or great-
er than 0.25 percent of the current projected 
gross domestic product of the United States for 
that fiscal year; or 
(B) designated as such by the chair of the 
Committee on the Budget for all direct spend-
ing legislation other than revenue legislation or 
the Member who is chair or vice chair, as appli-
cable, of the Joint Committee on Taxation for 
revenue legislation; and 
(2) the term ‘‘budgetary effects’’ means 
changes in revenues, budget authority, outlays, and 
deficits. 
SEC. 402. LIMITATION ON MEASURES AFFECTING SOCIAL 
SECURITY SOLVENCY. 
(a) IN GENERAL.—For purposes of the enforcement 
of this concurrent resolution, upon its adoption until the 
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end of fiscal year 2016, it shall not be in order to consider 
in the House or the Senate a bill or joint resolution, or 
an amendment thereto or conference report thereon, that 
reduces the actuarial balance by at least .01 percent of 
the present value of future taxable payroll of the Federal 
Old-Age and Survivors Insurance Trust Fund established 
under section 201(a) of the Social Security Act for the 
75-year period utilized in the most recent annual report 
of the Board of Trustees provided pursuant to section 
201(c)(2) of the Social Security Act. 
(b) EXCEPTION.—Subsection (a) shall not apply to 
a measure that would improve the actuarial balance of the 
combined balance in the Federal Old-Age and Survivors 
Insurance Trust Fund and the Federal Disability Insur-
ance Trust Fund for the 75-year period utilized in the 
most recent annual report of the Board of Trustees pro-
vided pursuant to section 201(c)(2) of the Social Security 
Act. 
SEC. 403. BUDGETARY TREATMENT OF ADMINISTRATIVE 
EXPENSES. 
(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 report accompanying this concurrent resolu-
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tion on the budget or the joint explanatory statement ac-
companying the conference report on any concurrent reso-
lution on the budget shall include in its allocation under 
section 302(a) of the Congressional Budget Act of 1974 
to the Committee on Appropriations amounts for the dis-
cretionary administrative expenses of the Social Security 
Administration and the United States Postal Service. 
(b) SPECIAL RULE.—For purposes of enforcing sec-
tions 302(f) and 311 of the Congressional Budget Act of 
1974, estimates of the level of total new budget authority 
and total outlays provided by a measure shall include any 
discretionary amounts described in subsection (a). 
SEC. 404. LIMITATION ON TRANSFERS FROM THE GENERAL 
FUND OF THE TREASURY TO THE HIGHWAY 
TRUST FUND. 
For purposes of the Congressional Budget Act of 
1974, the Balanced Budget and Emergency Deficit Con-
trol Act of 1985, or the rules or orders of the House of 
Representatives, a bill or joint resolution, or an amend-
ment thereto or conference report thereon, that transfers 
funds from the general fund of the Treasury to the High-
way 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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SEC. 405. LIMITATION ON ADVANCE APPROPRIATIONS. 
(a) IN GENERAL.—In the House, except as provided 
for in subsection (b), any bill or joint resolution, or 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 
identified in the report to accompany this concurrent reso-
lution or the joint explanatory statement of managers to 
accompany this concurrent resolution under the heading: 
(1) GENERAL.—‘‘Accounts Identified for Ad-
vance Appropriations’’; and 
(2) VETERANS.—‘‘Veterans Accounts Identified 
for Advance Appropriations’’. 
(c) LIMITATIONS.—The aggregate level of advance 
appropriations shall not exceed— 
(1) GENERAL.—$28,852,000,000 in new budget 
authority for all programs identified pursuant to 
subsection (b)(1); and 
(2) VETERANS.—$63,271,000,000 in new budg-
et authority for programs in the Department of Vet-
erans Affairs identified pursuant to subsection 
(b)(2). 
(d) DEFINITION.—The term ‘‘advance appropria-
tion’’ means any new discretionary budget authority pro-
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vided in a bill or joint resolution, or any amendment there-
to or conference report thereon, making general appro-
priations or continuing appropriations, for the fiscal year 
following fiscal year 2016. 
SEC. 406. FAIR VALUE CREDIT ESTIMATES. 
(a) FAIR VALUE ESTIMATES.—Upon the request of 
the chair or ranking member of the Committee on the 
Budget, any estimate of the budgetary effects of a meas-
ure prepared by the Director of the Congressional Budget 
Office under the terms of title V of the Congressional 
Budget Act of 1974, ‘‘credit reform’’ shall, as a supple-
ment to such estimate, and to the extent practicable, also 
provide an estimate of the current actual or estimated 
market values representing the ‘‘fair value’’ of assets and 
liabilities affected by such measure. 
(b) FAIR VALUE ESTIMATES
FOR HOUSING
AND 
STUDENT LOAN PROGRAMS.—Whenever the Director of 
the Congressional Budget Office prepares an estimate 
pursuant to section 402 of the Congressional Budget Act 
of 1974 of the budgetary effects which would be incurred 
in carrying out any bill or joint resolution and if the Direc-
tor determines that such bill or joint resolution has a 
budgetary effect related to a housing, residential mortgage 
or student loan program under title V of the Congressional 
Budget Act of 1974, then the Director shall also provide 
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an estimate of the current actual or estimated market val-
ues representing the ‘‘fair value’’ of assets and liabilities 
affected by the provisions of such bill or joint resolution 
that result in such effect. 
(c) ENFORCEMENT.—If the Director of the Congres-
sional Budget Office provides an estimate pursuant to 
subsection (a) or (b), the chair of the Committee on the 
Budget may use such estimate to determine compliance 
with the Congressional Budget Act of 1974 and other 
budgetary enforcement controls. 
SEC. 407. 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 four consecutive ten 
fiscal-year periods beginning in the fiscal year following 
the last fiscal year of this concurrent resolution. 
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SEC. 408. ALLOCATION FOR OVERSEAS CONTINGENCY OP-
ERATIONS/GLOBAL WAR ON TERRORISM. 
(a) SEPARATE OCO/GWOT ALLOCATION.—In the 
House, there shall be a separate allocation of new budget 
authority and outlays provided to the Committee on Ap-
propriations for the purposes of Overseas Contingency Op-
erations/Global War on Terrorism. 
(b) APPLICATION.—For purposes of enforcing the 
separate allocation referred to in subsection (a) under sec-
tion 302(f) of the Congressional Budget Act of 1974, the 
‘‘first fiscal year’’ and the ‘‘total of fiscal years’’ shall be 
deemed to refer to fiscal year 2016. Section 302(c) of such 
Act shall not apply to such separate allocation. 
(c) DESIGNATIONS.—New budget authority or out-
lays counting toward the allocation established by sub-
section (a) shall be designated pursuant to section 
251(b)(2)(A)(ii) of the Balanced Budget and Emergency 
Deficit Control Act of 1985. 
(d) ADJUSTMENTS.—For purposes of subsection (a) 
for fiscal year 2016, no adjustment shall be made under 
section 314(a) of the Congressional Budget Act of 1974 
if any adjustment would be made under section 
251(b)(2)(A)(ii) of the Balanced Budget and Emergency 
Deficit Control Act of 1985. 
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SEC. 409. ADJUSTMENTS FOR IMPROVED CONTROL OF 
BUDGETARY RESOURCES. 
(a) ADJUSTMENTS OF DISCRETIONARY AND DIRECT 
SPENDING LEVELS.—In the House, if a committee (other 
than the Committee on Appropriations) reports a bill or 
joint resolution, or offers any amendment thereto or sub-
mits 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 au-
thorization of appropriations for the same purpose, upon 
the enactment of such measure, the chair of the Com-
mittee on the Budget may decrease the allocation to such 
committee and increase the allocation of discretionary 
spending (budget authority and outlays flowing therefrom) 
to the Committee on Appropriations for fiscal year 2016 
by an amount equal to the new budget authority (and out-
lays flowing therefrom) provided for in a bill or joint reso-
lution making appropriations for the same purpose. 
(b) DETERMINATIONS.—In the House, for the pur-
pose of enforcing this concurrent resolution, the alloca-
tions and aggregate levels of new budget authority, out-
lays, direct spending, new entitlement authority, revenues, 
deficits, and surpluses for fiscal year 2016 and the period 
of fiscal years 2016 through fiscal year 2025 shall be de-
termined on the basis of estimates made by the chair of 
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the Committee on the Budget and such chair may adjust 
applicable levels of this concurrent resolution. 
SEC. 410. CONCEPTS, AGGREGATES, ALLOCATIONS AND AP-
PLICATION. 
(a) CONCEPTS, ALLOCATIONS, AND APPLICATION.— 
In the House— 
(1) upon a change in budgetary concepts or 
definitions, the chair of the Committee on the Budg-
et may adjust any allocations, aggregates, and other 
budgetary levels in this concurrent resolution accord-
ingly; 
(2) any adjustments of the allocations, aggre-
gates, and other budgetary levels made pursuant to 
this concurrent resolution shall— 
(A) apply while that measure is under con-
sideration; 
(B) take effect upon the enactment of that 
measure; and 
(C) be published in the Congressional 
Record as soon as practicable; 
(3) section 202 of S. Con. Res. 21 (110th Con-
gress) shall have no force or effect for any reconcili-
ation bill reported pursuant to instructions set forth 
in this concurrent resolution; 
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SEC. 411. RULEMAKING POWERS. 
The House adopts the provisions of this title— 
(1) as an exercise of the rulemaking power of 
the House of Representatives and as such they shall 
be considered as part of the rules of the House of 
Representatives, and these rules shall supersede 
other rules only to the extent that they are incon-
sistent with other such rules; and 
(2) with full recognition of the constitutional 
right of the House of Representatives to change 
those rules at any time, in the same manner, and to 
the same extent as in the case of any other rule of 
the House of Representatives. 
TITLE V—RESERVE FUNDS 
SEC. 501. RESERVE FUND FOR THE REPEAL OF THE PRESI-
DENT’S HEALTH CARE LAW. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
budgetary levels in this concurrent resolution for the budg-
etary effects of any bill or joint resolution, or amendment 
thereto or conference report thereon, that consists solely 
of the full repeal of the Affordable Care Act and the health 
care-related provisions of the Health Care and Education 
Reconciliation Act of 2010 or measures that make modi-
fications to such law. 
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SEC. 502. DEFICIT-NEUTRAL RESERVE FUND FOR PRO-
MOTING REAL HEALTH CARE REFORM. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
budgetary levels in this concurrent resolution for the budg-
etary effects of any bill or joint resolution, or amendment 
thereto or conference report thereon, that promotes real 
health care reform, if such measure would not increase 
the deficit for the period of fiscal years 2016 through 
2025. 
SEC. 503. DEFICIT-NEUTRAL RESERVE FUND RELATED TO 
THE MEDICARE PROVISIONS OF THE PRESI-
DENT’S HEALTH CARE LAW. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
budgetary levels in this concurrent resolution for the budg-
etary effects of any bill or joint resolution, or amendment 
thereto or conference report thereon, that repeals all or 
part of the decreases in Medicare spending included in the 
Affordable Care Act or the Health Care and Education 
Reconciliation Act of 2010, if such measure would not in-
crease the deficit for the period of fiscal years 2016 
through 2025. 
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SEC. 504. DEFICIT-NEUTRAL RESERVE FUND FOR THE 
STATE 
CHILDREN’S 
HEALTH 
INSURANCE 
PROGRAM. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
budgetary levels in this concurrent resolution for any bill 
or joint resolution, or amendment thereto or conference 
report thereon, if such measure extends the State Chil-
dren’s Health Insurance Program, but only if such meas-
ure would not increase the deficit over the period of fiscal 
years 2016 through 2025. 
SEC. 505. DEFICIT-NEUTRAL RESERVE FUND FOR GRAD-
UATE MEDICAL EDUCATION. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
budgetary levels in this concurrent resolution for any bill 
or joint resolution, or amendment thereto or conference 
report thereon, if such measure reforms, expands access 
to, and improves, as determined by such chair, graduate 
medical education programs, but only if such measure 
would not increase the deficit over the period of fiscal 
years 2016 through 2025. 
SEC. 506. DEFICIT-NEUTRAL RESERVE FUND FOR TRADE 
AGREEMENTS. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
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budgetary levels in this concurrent resolution for the budg-
etary effects of any bill or joint resolution reported by the 
Committee on Ways and Means, or amendment thereto 
or conference report thereon, that implements a trade 
agreement, but only if such measure would not increase 
the deficit for the period of fiscal years 2016 through 
2025. 
SEC. 507. DEFICIT-NEUTRAL RESERVE FUND FOR REFORM-
ING THE TAX CODE. 
In the House, if the Committee on Ways and Means 
reports a bill or joint resolution that reforms the Internal 
Revenue Code of 1986, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
budgetary levels in this concurrent resolution for the budg-
etary effects of any such bill or joint resolution, or amend-
ment thereto or conference report thereon, if such measure 
would not increase the deficit for the period of fiscal years 
2016 through 2025. 
SEC. 508. 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 
budgetary levels in this concurrent resolution for the budg-
etary effects of any bill or joint resolution reported by the 
Committee on Ways and Means, or amendment thereto 
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or conference report thereon, that decreases revenue, but 
only if such measure would not increase the deficit for the 
period of fiscal years 2016 through 2025. 
SEC. 509. DEFICIT-NEUTRAL RESERVE FUND TO REDUCE 
POVERTY AND INCREASE OPPORTUNITY AND 
UPWARD MOBILITY. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
budgetary levels in this concurrent resolution for any bill 
or joint resolution, or amendment thereto or conference 
report thereon, if such measure reforms policies and pro-
grams to reduce poverty and increase opportunity and up-
ward mobility, but only if such measure would neither ad-
versely impact job creation nor increase the deficit over 
the period of fiscal years 2016 through 2025. 
SEC. 510. 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 
budgetary levels in this concurrent 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 2016 
through 2025. 
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SEC. 511. DEFICIT-NEUTRAL RESERVE FUND FOR FEDERAL 
RETIREMENT REFORM. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
budgetary levels in this concurrent resolution for any bill 
or joint resolution, or amendment thereto or conference 
report thereon, if such measure reforms, improves and up-
dates the Federal retirement system, as determined by 
such chair, but only if such measure would not increase 
the deficit over the period of fiscal years 2016 through 
2025. 
SEC. 512. DEFICIT-NEUTRAL RESERVE FUND FOR DEFENSE 
SEQUESTER REPLACEMENT. 
The chair of the Committee on the Budget may revise 
the allocations, aggregates, and other budgetary levels in 
this concurrent resolution for any bill or joint resolution, 
or amendment thereto or conference report thereon, if 
such measure supports the following activities: Depart-
ment of Defense training and maintenance associated with 
combat 
readiness, 
modernization 
of 
equipment, 
auditability of financial statements, or military compensa-
tion and benefit reforms, by the amount provided for these 
purposes, but only if such measure would not increase the 
deficit (without counting any net revenue increases in that 
measure) over the period of fiscal years 2016 through 
2025. 
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