House companion bill, the House bill shall 
be deemed to be considered, read the third 
time, and the vote on passage of the Senate 
bill shall be considered to be the vote on the 
bill received from the House. 
‘‘(b) AMENDMENTS PROHIBITED.—No amendment to, 
or motion to strike a provision from, a bill considered under 
this section shall be in order in either the Senate or the 
House of Representatives. 
‘‘PRESIDENTIAL DEFERRAL AUTHORITY 
‘‘SEC. 1013. (a) TEMPORARY PRESIDENTIAL AUTHOR-
ITY
TO WITHHOLD DISCRETIONARY BUDGET AUTHOR-
ITY.— 
‘‘(1) IN
GENERAL.—At the same time as the 
President transmits to the Congress a special message 
pursuant to section 1011(b), the President may direct 
that any dollar amount of discretionary budget au-
thority to be canceled in that special message shall 
not be made available for obligation for a period not 
to exceed 45 calendar days from the date the Presi-
dent transmits the special message to the Congress. 
‘‘(2) EARLY AVAILABILITY.—The President shall 
make any dollar amount of discretionary budget au-
thority deferred pursuant to paragraph (1) available 
at a time earlier than the time specified by the Presi-
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dent if the President determines that continuation of 
the deferral would not further the purposes of this Act. 
‘‘(b) TEMPORARY PRESIDENTIAL AUTHORITY TO SUS-
PEND DIRECT SPENDING.— 
‘‘(1) IN
GENERAL.—At the same time as the 
President transmits to the Congress a special message 
pursuant to section 1011(b), the President may sus-
pend the implementation of any item of direct spend-
ing proposed to be canceled in that special message 
for a period not to exceed 45 calendar days from the 
date the President transmits the special message to 
the Congress. 
‘‘(2) EARLY AVAILABILITY.—The President shall 
terminate the suspension of any item of direct spend-
ing at a time earlier than the time specified by the 
President if the President determines that continu-
ation of the suspension would not further the purposes 
of this Act. 
‘‘(c) TEMPORARY PRESIDENTIAL AUTHORITY TO SUS-
PEND A TARGETED TAX BENEFIT.— 
‘‘(1) IN
GENERAL.—At the same time as the 
President transmits to the Congress a special message 
pursuant to section 1011(b), the President may sus-
pend the implementation of any targeted tax benefit 
proposed to be repealed in that special message for a 
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period not to exceed 45 calendar days from the date 
the President transmits the special message to the 
Congress. 
‘‘(2) EARLY AVAILABILITY.—The President shall 
terminate the suspension of any targeted tax benefit 
at a time earlier than the time specified by the Presi-
dent if the President determines that continuation of 
the suspension would not further the purposes of this 
Act. 
‘‘(d) EXTENSION OF 45-DAY PERIOD.—The President 
may transmit to the Congress not more than one supple-
mental special message to extend the period to suspend the 
implementation of any discretionary budget authority, item 
of direct spending, or targeted tax benefit, as applicable, 
by an additional 45 calendar days. Any such supplemental 
message may not be transmitted to the Congress before the 
40th day of the 45-day period set forth in the preceding 
message or later than the last day of such period. 
‘‘IDENTIFICATION OF TARGETED TAX BENEFITS 
‘‘SEC. 1014. (a) STATEMENT.—The chairman of the 
Committee on Ways and Means of the House of Representa-
tives and the chairman of the Committee on Finance of the 
Senate acting jointly (hereafter in this subsection referred 
to as the ‘chairmen’) shall review any revenue or reconcili-
ation bill or joint resolution which includes any amendment 
to the Internal Revenue Code of 1986 that is being prepared 
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for filing by a committee of conference of the two Houses, 
and shall identify whether such bill or joint resolution con-
tains any targeted tax benefits. The chairmen shall provide 
to the committee of conference a statement identifying any 
such targeted tax benefits or declaring that the bill or joint 
resolution does not contain any targeted tax benefits. Any 
such statement shall be made available to any Member of 
Congress by the chairmen immediately upon request. 
‘‘(b) STATEMENT INCLUDED IN LEGISLATION.— 
‘‘(1) IN GENERAL.—Notwithstanding any other 
rule of the House of Representatives or any rule or 
precedent of the Senate, any revenue or reconciliation 
bill or joint resolution which includes any amend-
ment to the Internal Revenue Code of 1986 reported 
by a committee of conference of the two Houses may 
include, as a separate section of such bill or joint res-
olution, the information contained in the statement of 
the chairmen, but only in the manner set forth in 
paragraph (2). 
‘‘(2) APPLICABILITY.—The separate section per-
mitted under subparagraph (A) shall read as follows: 
‘Section 1021 of the Congressional Budget and Im-
poundment 
Control 
Act 
of 
1974 
shall 
llllllll 
apply 
to 
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llllllllllll.’, with the blank spaces 
being filled in with— 
‘‘(A) in any case in which the chairmen 
identify targeted tax benefits in the statement re-
quired under subsection (a), the word ‘only’ in 
the first blank space and a list of all of the spe-
cific provisions of the bill or joint resolution 
identified by the chairmen in such statement in 
the second blank space; or 
‘‘(B) in any case in which the chairmen de-
clare that there are no targeted tax benefits in 
the statement required under subsection (a), the 
word ‘not’ in the first blank space and the 
phrase ‘any provision of this Act’ in the second 
blank space. 
‘‘(c) PRESIDENT’S AUTHORITY.—If any revenue or rec-
onciliation bill or joint resolution is signed into law— 
‘‘(1) with a separate section described in sub-
section (b)(2), then the President may use the author-
ity granted in this section only with respect to any 
targeted tax benefit in that law, if any, identified in 
such separate section; or 
‘‘(2) without a separate section described in sub-
section (b)(2), then the President may use the author-
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ity granted in this section with respect to any tar-
geted tax benefit in that law. 
‘‘TREATMENT OF CANCELLATIONS 
‘‘SEC. 1015. The cancellation of any dollar amount of 
discretionary budget authority, item of direct spending, or 
targeted tax benefit shall take effect only upon enactment 
of the applicable approval bill. If an approval bill is not 
enacted into law before the end of the applicable period 
under section 1013, then all proposed cancellations con-
tained in that bill shall be null and void and any such 
dollar amount of discretionary budget authority, item of di-
rect spending, or targeted tax benefit shall be effective as 
of the original date provided in the law to which the pro-
posed cancellations applied. 
‘‘REPORTS BY COMPTROLLER GENERAL 
‘‘SEC. 1016. With respect to each special message 
under this part, the Comptroller General shall issue to the 
Congress a report determining whether any discretionary 
budget authority is not made available for obligation or 
item of direct spending or targeted tax benefit continues to 
be suspended after the deferral authority set forth in section 
1013 of the President has expired. 
‘‘DEFINITIONS 
‘‘SEC. 1017. As used in this part: 
‘‘(1) APPROPRIATION
LAW.—The term ‘appro-
priation law’ means an Act referred to in section 105 
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of title 1, United States Code, including any general 
or special appropriation Act, or any Act making sup-
plemental, deficiency, or continuing appropriations, 
that has been signed into law pursuant to Article I, 
section 7, of the Constitution of the United States. 
‘‘(2) APPROVAL BILL.—The term ‘approval bill’ 
means a bill or joint resolution which only approves 
proposed cancellations of dollar amounts of discre-
tionary budget authority, items of new direct spend-
ing, or targeted tax benefits in a special message 
transmitted by the President under this part and— 
‘‘(A) the title of which is as follows: ‘A bill 
approving the proposed cancellations transmitted 
by the President on llll’, the blank space 
being filled in with the date of transmission of 
the relevant special message and the public law 
number to which the message relates; 
‘‘(B) which does not have a preamble; and 
‘‘(C) which provides only the following after 
the enacting clause: ‘That the Congress approves 
of proposed cancellations llll’, the blank 
space being filled in with a list of the cancella-
tions contained in the President’s special mes-
sage, ‘as transmitted by the President in a spe-
cial message on llll’, the blank space being 
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filled in with the appropriate date, ‘regarding 
llll.’, the blank space being filled in with 
the public law number to which the special mes-
sage relates; 
‘‘(D) which only includes proposed cancella-
tions that are estimated by CBO to meet the defi-
nition of discretionary budgetary authority or 
items of direct spending, or that are identified as 
targeted tax benefits pursuant to section 1014; 
‘‘(E) if any proposed cancellation other 
than discretionary budget authority or targeted 
tax benefits is estimated by CBO to not meet the 
definition of item of direct spending, then the 
approval bill shall include at the end: ‘The Presi-
dent shall cease the suspension of the implemen-
tation of the following under section 1013 of the 
Legislative Line Item Veto Act of 2006: 
llll’, the blank space being filled in with 
the list of such proposed cancellations; and 
‘‘(F) if no CBO estimate is available, then 
the entire list of legislative provisions proposed 
by the President is inserted in the second blank 
space in subparagraph (C). 
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‘‘(3) CALENDAR DAY.—The term ‘calendar day’ 
means a standard 24-hour period beginning at mid-
night. 
‘‘(4) CANCEL
OR
CANCELLATION.—The terms 
‘cancel’ or ‘cancellation’ means to prevent— 
‘‘(A) budget authority from having legal 
force or effect; 
‘‘(B) in the case of entitlement authority, to 
prevent the specific legal obligation of the United 
States from having legal force or effect; 
‘‘(C) in the case of the food stamp program, 
to prevent the specific provision of law that pro-
vides such benefit from having legal force or ef-
fect; or 
‘‘(D) a targeted tax benefit from having 
legal force or effect; and 
to make any necessary, conforming statutory change 
to ensure that such targeted tax benefit is not imple-
mented and that any budgetary resources are appro-
priately canceled. 
‘‘(5) CBO.—The term ‘CBO’ means the Director 
of the Congressional Budget Office. 
‘‘(6) DIRECT
SPENDING.—The term ‘direct 
spending’ means— 
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‘‘(A) budget authority provided by law 
(other than an appropriation law); 
‘‘(B) entitlement authority; and 
‘‘(C) the food stamp program. 
‘‘(7) DOLLAR AMOUNT OF DISCRETIONARY BUDG-
ET AUTHORITY.—(A) Except as provided in subpara-
graph (B), the term ‘‘dollar amount of discretionary 
budget authority’’ means the entire dollar amount of 
budget authority— 
‘‘(i) specified in an appropriation law, or 
the entire dollar amount of budget authority or 
obligation limitation required to be allocated by 
a specific proviso in an appropriation law for 
which a specific dollar figure was not included; 
‘‘(ii) represented separately in any table, 
chart, or explanatory text included in the state-
ment of managers or the governing committee re-
port accompanying such law; 
‘‘(iii) required to be allocated for a specific 
program, project, or activity in a law (other 
than an appropriation law) that mandates the 
expenditure of budget authority from accounts, 
programs, projects, or activities for which budget 
authority is provided in an appropriation law; 
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‘‘(iv) represented by the product of the esti-
mated procurement cost and the total quantity of 
items specified in an appropriation law or in-
cluded in the statement of managers or the gov-
erning committee report accompanying such law; 
or 
‘‘(v) represented by the product of the esti-
mated procurement cost and the total quantity of 
items required to be provided in a law (other 
than an appropriation law) that mandates the 
expenditure of budget authority from accounts, 
programs, projects, or activities for which budget 
authority is provided in an appropriation law. 
‘‘(B) The term ‘dollar amount of discretionary 
budget authority’ does not include— 
‘‘(i) direct spending; 
‘‘(ii) budget authority in an appropriation 
law which funds direct spending provided for in 
other law; 
‘‘(iii) any existing budget authority can-
celed in an appropriation law; or 
‘‘(iv) any restriction, condition, or limita-
tion in an appropriation law or the accom-
panying statement of managers or committee re-
ports on the expenditure of budget authority for 
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an account, program, project, or activity, or on 
activities involving such expenditure. 
‘‘(8) ITEM
OF
DIRECT
SPENDING.—The term 
‘item of direct spending’ means any provision of law 
that results in an increase in budget authority or out-
lays for direct spending relative to the most recent 
levels calculated consistent with the methodology used 
to calculate a baseline under section 257 of the Bal-
anced Budget and Emergency Deficit Control Act of 
1985 and included with a budget submission under 
section 1105(a) of title 31, United States Code, in the 
first year or the 5-year period for which the item is 
effective. However, such item does not include an ex-
tension or reauthorization of existing direct spending, 
but instead only refers to provisions of law that in-
crease such direct spending. 
‘‘(9) OMB.—The term ‘OMB’ means the Director 
of the Office of Management and Budget. 
‘‘(10) OMNIBUS RECONCILIATION OR APPROPRIA-
TION MEASURE.—The term ‘omnibus reconciliation or 
appropriation measure’ means— 
‘‘(A) in the case of a reconciliation bill, any 
such bill that is reported to its House by the 
Committee on the Budget; or 
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