amounts deposited pursuant to this sec-
tion. 
‘‘(iii) CREDITING
OF
RECEIPTS.— 
There shall be deposited into or credited to 
the Incentive Auction Relocation Fund any 
amounts specified in section 243 of the 
Budget Control Act of 2011. 
‘‘(iv) AVAILABILITY.—Amounts in the 
Incentive Auction Relocation Fund shall be 
available to the NTIA for use— 
‘‘(I) without fiscal year limita-
tion; 
‘‘(II) for a period not to exceed 
18 months following the later of— 
‘‘(aa) the completion of in-
centive auction from which such 
amounts were derived; or 
‘‘(bb) the date on which the 
Commission issues all the new 
channel assignments pursuant to 
any repacking required under 
subparagraph (F)(ii); and 
‘‘(III) without further appropria-
tion. 
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‘‘(v) USE OF FUNDS.—Amounts in the 
Incentive Auction Relocation Fund may 
only be used by the NTIA, in consultation 
with the Commission, to cover— 
‘‘(I) the reasonable costs of li-
censees that are relocated to a dif-
ferent spectrum channel or geographic 
location following an incentive auction 
under subparagraph (F), or that are 
impacted by such relocations, includ-
ing to cover the cost of new equip-
ment, installation, and construction; 
and 
‘‘(II) the costs incurred by multi-
channel video programming distribu-
tors for new equipment, installation, 
and construction related to the car-
riage of such relocated stations or the 
carriage of stations that voluntarily 
elect to share a channel, but retain 
their existing rights to carriage pursu-
ant to sections 338, 614, and 615.’’. 
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SEC. 223. INCENTIVE AUCTIONS TO REPURPOSE CERTAIN 
MOBILE SATELLITE SERVICES SPECTRUM 
FOR TERRESTRIAL BROADBAND USE. 
(a) IN GENERAL.—To the extent that the Commis-
sion makes available spectrum licenses on some or all of 
the frequencies between 2000 and 2020 MHz and 2180 
and 2200 MHz for terrestrial broadband use, such licenses 
shall be assigned pursuant to the authority provided in 
section 309(j)(8) of the Communications Act of 1934 (47 
U.S.C. 309(j)(8)), including, as appropriate, subpara-
graph (F) of such section. 
(b) TERMINATION OF AUTHORITY.—The authority 
granted under subsection (a) shall terminate on Sep-
tember 30, 2021. 
SEC. 224. PERMANENT EXTENSION OF AUCTION AUTHOR-
ITY. 
Section 309(j)(11) of the Communications Act of 
1934 (47 U.S.C. 309(j)(11)) is repealed. 
SEC. 225. AUTHORITY TO AUCTION LICENSES FOR DOMES-
TIC SATELLITE SERVICES. 
Section 309(j) of the Communications Act of 1934 
(47 U.S.C. 309(j)) is amended by adding the following: 
‘‘(17) AUTHORITY TO AUCTION LICENSES FOR 
DOMESTIC SATELLITE SERVICES.— 
‘‘(A) IN GENERAL.—Notwithstanding any 
other provision of law, the Commission shall use 
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competitive bidding under this subsection to as-
sign any license, construction permit, reserva-
tion, or similar authorization or modification 
thereof, that may be used solely or predomi-
nantly for domestic satellite communications 
services, including satellite-based television or 
radio services. The Commission may, however, 
use an alternative approach to assignment of 
such licenses or similar authorities if it finds 
that such an alternative to competitive bidding 
would serve the public interest, convenience, 
and necessity. 
‘‘(B) DEFINITION.—In this paragraph, the 
term ‘predominantly for domestic satellite com-
munications services’ means a service provided 
in which the majority of customers that may be 
served are located within the geographic bound-
aries of the United States. 
‘‘(C) EFFECTIVE
DATE
AND
APPLICA-
TION.—This paragraph shall take effect on the 
date of enactment of this paragraph and shall 
apply to all Commission assignments or res-
ervations of spectrum for domestic satellite 
services, including, but not limited to, all as-
signments or reservations for satellite-based tel-
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evision or radio services as of the effective 
date.’’. 
SEC. 226. AUCTION OF SPECTRUM. 
(a) IDENTIFICATION OF SPECTRUM.—Not later than 
1 year after the date of enactment of this Act, the Assist-
ant Secretary shall identify and make available for imme-
diate reallocation or sharing with incumbent Government 
operations, at a minimum, 15 megahertz of contiguous 
spectrum at frequencies located between 1675 megahertz 
and 1710 megahertz, inclusive, minus the geographic ex-
clusion zones, or any amendment thereof, identified in 
NTIA’s October 2010 report entitled ‘‘An Assessment of 
Near-Term 
Viability 
of 
Accommodating 
Wireless 
Broadband Systems in 1675–1710 MHz, 1755–1780 
MHz, 3500–3650 MHz, and 4200–4220 MHz, 4380– 
4400 MHz Bands’’. 
(b) AUCTION.— 
(1) IN GENERAL.—Not later than January 31, 
2016, the Commission shall conduct the auctions of 
the following licenses, by commencing the bidding 
for: 
(A) The spectrum between the frequencies 
of 1915 megahertz and 1920 megahertz, inclu-
sive. 
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(B) The spectrum between the frequencies 
of 1995 megahertz and 2000 megahertz, inclu-
sive. 
(C) The spectrum between the frequencies 
of 2020 megahertz and 2025 megahertz, inclu-
sive. 
(D) The spectrum between the frequencies 
of 2155 megahertz and 2175 megahertz, inclu-
sive. 
(E) The spectrum between the frequencies 
of 2175 megahertz and 2180 megahertz, inclu-
sive. 
(F) Subject to paragraph (2), 25 mega-
hertz of spectrum between the frequencies of 
1755 megahertz, minus appropriate geographic 
exclusion zones. 
(G) The spectrum identified pursuant to 
subsection (a). 
(2) LIMITATION.—The Commission may con-
duct the auctions of the licenses described in para-
graph (1) unless the President determines that— 
(A)(i) such spectrum should not be reallo-
cated due to the need to protect incumbent 
Federal operations; or 
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(ii) reallocation must be delayed or pro-
gressed in phases to ensure protection or con-
tinuity of Federal operations; and 
(B) allocation of other spectrum— 
(i) better serves the public interest, 
convenience, and necessity; and 
(ii) can reasonably be expected to 
produce receipts comparable to auction of 
spectrum frequencies identified in this 
paragraph. 
(c) AUCTION ORGANIZATION.—The Commission may, 
if technically feasible and consistent with the public inter-
est, combine the spectrum identified in paragraphs (4), 
(5), and the portion of paragraph (6) between the fre-
quencies of 1755 megahertz and 1780 megahertz, inclu-
sive, of subsection (b) in an auction of licenses for paired 
spectrum blocks. 
(d) FURTHER REALLOCATION OF CERTAIN OTHER 
SPECTRUM.— 
(1) COVERED SPECTRUM.—For purposes of this 
subsection, the term ‘‘covered spectrum’’ means the 
portion of the electromagnetic spectrum between the 
frequencies of 3550 to 3650 megahertz, inclusive, 
minus the geographic exclusion zones, or any amend-
ment thereof, identified in NTIA’s October 2010 re-
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port entitled ‘‘An Assessment of Near-Term Viabil-
ity of Accommodating Wireless Broadband Systems 
in 1675–1710 MHz, 1755–1780 MHz, 3550–3650 
MHz, and 4200–4220 MHz, 4380–4400 MHz 
Bands’’. 
(2) IN
GENERAL.—Consistent with require-
ments of section 309(j) of the Communications Act 
of 1934, the Commission shall reallocate covered 
spectrum for assignment by competitive bidding un-
less the President of the United States determines 
that— 
(A) such spectrum cannot be reallocated 
due to the need to protect incumbent Federal 
systems from interference; or 
(B) allocation of other spectrum— 
(i) better serves the public interest, 
convenience, and necessity; and 
(ii) can reasonably be expected to 
produce receipts comparable to what the 
covered spectrum might auction for with-
out the geographic exclusion zones. 
(3) ACTIONS REQUIRED IF COVERED SPECTRUM 
CANNOT BE REALLOCATED.— 
(A) IN GENERAL.—If the President makes 
a determination under paragraph (2) that the 
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covered spectrum cannot be reallocated, then 
the President shall, within 1 year after the date 
of such determination— 
(i) identify alternative bands of fre-
quencies totaling more than 20 megahertz 
and no more than 100 megahertz of spec-
trum used primarily by Federal agencies 
that satisfy the requirements of clauses (i) 
and (ii) of paragraph (2)(B); 
(ii) report to the President and appro-
priate committees of Congress and the 
Commission an identification of such alter-
native spectrum for assignment by com-
petitive bidding; and 
(iii) make such alternative spectrum 
for assignment immediately available for 
reallocation. 
(B) AUCTION.—If the President makes a 
determination under paragraph (2) that the 
covered spectrum cannot be reallocated, the 
Commission shall commence the bidding of the 
alternative spectrum identified pursuant to sub-
paragraph (A) within 3 years of the date of en-
actment of this Act. 
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(4) ACTIONS REQUIRED IF COVERED SPECTRUM 
CAN BE REALLOCATED.—If the President does not 
make a determination under paragraph (1) that the 
covered spectrum cannot be reallocated, the Commis-
sion shall commence the competitive bidding for the 
covered spectrum within 3 years of the date of en-
actment of this Act. 
(e) AMENDMENTS TO DESIGN REQUIREMENTS RE-
LATED TO COMPETITIVE BIDDING.—Section 309(j) of the 
Communications Act of 1934 (47 U.S.C. 309(j)) is 
amended— 
(1) in paragraph (3)— 
(A) in subparagraph (E)(ii), by striking ‘‘; 
and’’ and inserting a semicolon; and 
(B) in subparagraph (F), by striking the 
period at the end and inserting a semicolon; 
and 
(2) by amending clause (i) of the second sen-
tence of paragraph (8)(C) to read as follows: 
‘‘(i) the deposits— 
‘‘(I) of successful bidders of any 
auction conducted pursuant to sub-
paragraph (F) or to section 226 of 
the Budget Control Act of 2011 shall 
be paid to the Public Safety Trust 
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Fund established under section 243 of 
the Budget Control Act of 2011; and 
‘‘(II) of successful bidders of any 
other auction shall be paid to the 
Treasury;’’. 
SEC. 227. REPORT TO CONGRESS ON IMPROVING SPEC-
TRUM MANAGEMENT. 
Not later than 90 days after the date of enactment 
of this part, the NTIA shall submit to the appropriate 
committees of Congress a report on the status of the 
NTIA’s plan to implement the recommendations contained 
in the ‘‘President’s Memorandum on Improving Spectrum 
Management for the 21st Century’’, 49 Weekly Comp. 
Pres. Doc. 2875, Nov. 29, 2004. 
PART II—PUBLIC SAFETY BROADBAND NETWORK 
SEC. 241. REALLOCATION OF D BLOCK FOR PUBLIC SAFE-
TY. 
(a) IN GENERAL.—The Commission shall reallocate 
the 700 MHz D block spectrum for use by public safety 
entities in accordance with the provisions of this Act. 
(b) SPECTRUM ALLOCATION.—Section 337(a) of the 
Communications Act of 1934 (47 U.S.C. 337(a)) is 
amended— 
(1) by striking ‘‘24’’ in paragraph (1) and in-
serting ‘‘34’’; and 
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(2) by striking ‘‘36’’ in paragraph (2) and in-
serting ‘‘26’’. 
SEC. 242. FLEXIBLE USE OF NARROWBAND SPECTRUM. 
The Commission may allow the narrowband spectrum 
to be used in a flexible manner, including usage for public 
safety broadband communications, subject to such tech-
nical and interference protection measures as the Commis-
sion may require and subject to interoperability require-
ments of the Commission and the Corporation (to be es-
tablished in subsequent legislation, to provide governance 
of the network, development of standards to promote sys-
tem-wide interoperability and security, and implementa-
tion grants, where necessary, to state, local and Tribal en-
tities). 
SEC. 243. PUBLIC SAFETY TRUST FUND. 
(a) ESTABLISHMENT
OF PUBLIC SAFETY TRUST 
FUND.— 
(1) IN GENERAL.—There is established in the 
Treasury of the United States a trust fund to be 
known as the ‘‘Public Safety Trust Fund’’. 
(2) CREDITING OF RECEIPTS.— 
(A) IN GENERAL.—There shall be depos-
ited into or credited to the Public Safety Trust 
Fund the proceeds from the auction of spec-
trum carried out pursuant to— 
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(i) section 102 of this Act; and 
(ii) section 309(j)(8)(F) of the Com-
munications Act of 1934, as added by sec-
tion 102 of this Act. 
(B) AVAILABILITY.—Amounts deposited 
into or credited to the Public Safety Trust 
Fund in accordance with subparagraph (A) 
shall remain available until the end of fiscal 
year 2017. Upon the expiration of the period 
described in the prior sentence such amounts 
shall be deposited in the General Fund of the 
Treasury, where such amounts shall be dedi-
cated for the sole purpose of deficit reduction. 
(b) APPROPRIATION.—There is hereby appropriated 
from the Public Safety Trust Fund to the Secretary of 
Commerce $7,000,000,000, to remain available through 
fiscal year 2017, for the establishment of a national net-
work to support secure and interoperable public-safety 
broadband communications: Provided, That the Secretary 
may make shall make these amounts available to a Public 
Safety Broadband Corporation, to be established in a sub-
sequent statute, to support the Corporation’s activities in 
providing governance of such network; in developing 
standards to promote systemwide interoperability and se-
curity of such network; in entering into contracts with the 
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National Institute of Standards and Technology (NIST), 
for NIST to provide services to the Corporation; and in 
making grants, as necessary, to State, local, and tribal en-
tities for their activities in support of such network: Pro-
vided further, That the Secretary shall make these 
amounts available to such Corporation after submission 
of a spend plan by the Corporation and approval by the 
Secretary of Commerce, in consultation with the Secretary 
of Homeland Security, Director of the Office of Manage-
ment and Budget, and Attorney General of the United 
States. 
SEC. 244. PUBLIC SAFETY RESEARCH AND DEVELOPMENT. 
After approval by the Office of Management and 
Budget of a spend plan developed by the Director of 
NIST, up to $300,000,000 for fiscal year 2012 shall be 
made available for use by the Director of NIST to carry 
out a research program on public safety wireless commu-
nications. If less than $300,000,000 is approved by the 
Office of Management and Budget, the remainder shall 
be transferred to the Public Safety Broadband Corpora-
tion, to be established in subsequent statute, and be avail-
able to support the Corporation’s activities in providing 
governance of a national network to support secure and 
interoperable public-safety broadband communications; in 
developing standards to promote systemwide interoper-
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ability and security of such network; and in making 
grants, as necessary, to State, local, and tribal entities for 
their activities in support of such network. 
SEC. 245. INCENTIVE AUCTION RELOCATION FUND. 
Not more than $1,000,000,000 shall be deposited in 
the Incentive Auction Relocation Fund established under 
section 309(j)(8)(G) of the Communications Act of 1934. 
SEC. 246. FEDERAL INFRASTRUCTURE SHARING. 
(a) IN GENERAL.—The Administrator of General 
Services shall establish rules to allow public safety entities 
licensed or otherwise permitted to use spectrum allocated 
to the Public Safety Broadband Corporation and other 
non-Federal users of spectrum to have access to those 
components of Federal infrastructure appropriate for the 
construction and maintenance of the nationwide public 
safety interoperable broadband network to be established 
under this part or operation of a commercial or other non- 
Federal wireless networks. 
(b) REQUIRED PAYMENT.—Rules established by the 
Administrator shall require payments from public safety 
entities or other non-Federal users to cover at least the 
full incremental costs of using Federal infrastructure. 
(c) PAYMENT ABOVE FULL INCREMENTAL COST.— 
The Administrator may adopt rules to charge more than 
the full incremental cost of using the Federal infrastruc-
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ture if demand for use of a component of Federal infra-
structure by non-Federal entities is greater than can be 
accommodated, as determined by the Administrator. How-
ever, the rules established by the Administrator shall 
prioritize use by Federal agencies over public safety enti-
ties and prioritize use by public safety entities over com-
mercial or other non-Federal entities. 
(d) USE OF FUNDS.—Remuneration received for use 
of Federal infrastructure is available to the Administrator 
without further appropriation to pay for the full incre-
mental costs of using the infrastructure. Any amounts re-
ceived above the full incremental cost shall be deposited 
in the general fund of the Treasury. 
SEC. 247. FCC REPORT ON EFFICIENT USE OF PUBLIC 
SAFETY SPECTRUM. 
(a) IN GENERAL.—Not later than 180 days after the 
date of enactment of this Act and every 2 years thereafter, 
the Commission shall, in consultation with the Assistant 
Secretary and the Director of NIST, conduct a study and 
submit to the appropriate committees of Congress a report 
on the spectrum allocated for public safety use. 
(b) CONTENTS.—The report required by subsection 
(a) shall include— 
(1) an examination of how such spectrum is 
being used; 
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(2) recommendations on how such spectrum 
may be used more efficiently; 
(3) an assessment of the feasibility of public 
safety entities relocating from other bands to the 
public safety broadband spectrum; and 
(4) an assessment of whether any spectrum 
made available by the relocation described in para-
graph (3) could be returned to the Commission for 
reassignment through auction, including through use 
of incentive auction authority under subparagraph 
(G) of section 309(j)(8) of the Communications Act 
of 1934 (47 U.S.C. 309(j)(8)), as added by section 
222. 
Subtitle B—Federal Pell Grant and 
Student Loan Program Changes 
SEC. 251. FEDERAL PELL GRANT AND STUDENT LOAN PRO-
GRAM CHANGES. 
(a) 
FEDERAL
PELL
GRANTS.—Section 
401(b)(7)(A)(iv) of the Higher Education Act of 1965 (20 
U.S.C. 1070a(b)(7)(A)(iv)) is amended— 
(1) 
in 
subclause 
(II), 
by 
striking 
‘‘$3,183,000,000’’ and inserting ‘‘$13,683,000,000’’; 
and 
(2) in subclause (III), by striking ‘‘$0’’ and in-
serting ‘‘$7,500,000,000’’. 
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(b) TERMINATION OF AUTHORITY TO MAKE INTER-
EST SUBSIDIZED LOANS TO GRADUATE AND PROFES-
SIONAL STUDENTS.—Section 455(a) of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1087e(a)) is amended by 
adding at the end the following: 
‘‘(3) TERMINATION
OF
AUTHORITY
TO
MAKE 
INTEREST SUBSIDIZED LOANS TO GRADUATE AND 
PROFESSIONAL
STUDENTS.—Notwithstanding any 
provision of this part or part B, for any period of 
instruction beginning on or after July 1, 2012— 
‘‘(A) a graduate or professional student 
shall not be eligible to receive a subsidized Fed-
eral Direct Stafford Loan under this part; 
‘‘(B) the maximum annual amount of Fed-
eral Direct Unsubsidized Stafford Loans such a 
student may borrow in any academic year (as 
defined in section 481(a)(2)) or its equivalent 
shall be the maximum annual amount for such 
student determined under section 428H, plus 
an amount equal to the amount of Federal Di-
rect Subsidized Loans the student would have 
received in the absence of this paragraph; and 
‘‘(C) the maximum aggregate amount of 
Federal Direct Unsubsidized Stafford Loans 
such a student may borrow shall be the max-
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imum aggregate amount for such student deter-
mined under section 428H, adjusted to reflect 
the increased annual limits described in sub-
paragraph (B), as prescribed by the Secretary 
by regulation.’’. 
(c) INAPPLICABILITY
OF TITLE IV NEGOTIATED 
RULEMAKING
AND MASTER CALENDAR EXCEPTION.— 
Sections 482(c) and 492 of the Higher Education Act of 
1965 (20 U.S.C. 1089(c), 1098a) shall not apply to the 
amendments made by this section, or to any regulations 
promulgated under those amendments. 
Subtitle C—Farm Programs 
SEC. 261. DEFINITION OF PAYMENT ACRES. 
(a) IN GENERAL.—Section 1001(11) of the Food, 
Conservation, and Energy Act of 2008 (7 U.S.C. 
8702(11)) is amended— 
(1) in subparagraph (A)— 
(A) by striking ‘‘subparagraph (B)’’ and 
inserting ‘‘subparagraphs (B) and (C)’’; and 
(B) by striking ‘‘and’’ at the end; 
(2) in subparagraph (B), by striking the period 
at the end and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(C) in the case of direct payments for the 
2012 crop year, 59 percent of the base acres for 
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the covered commodity on a farm on which di-
rect payments are made.’’. 
(b) PAYMENT
ACRES
FOR
PEANUTS.—Section 
1301(5) of the Food, Conservation, and Energy Act of 
2008 (7 U.S.C. 8751(5)) is amended— 
(1) in subparagraph (A)— 
(A) by striking ‘‘subparagraph (B)’’ and 
inserting ‘‘subparagraphs (B) and (C)’’; and 
(B) by striking ‘‘and’’ at the end; 
(2) in subparagraph (B), by striking the period 
at the end and inserting ‘‘; and’’; and 
(3) by adding at the end the following: 
‘‘(C) in the case of direct payments for the 
2012 crop year, 59 percent of the base acres for 
peanuts on a farm on which direct payments 
are made.’’. 
TITLE III—JOINT SELECT COM-
MITTEE ON DEFICIT REDUC-
TION 
SEC. 301. ESTABLISHMENT OF JOINT SELECT COMMITTEE. 
(a) DEFINITIONS.—In this title: 
(1) JOINT COMMITTEE.—The term ‘‘joint com-
mittee’’ means the Joint Select Committee on Def-
icit Reduction established under subsection (b)(1). 
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(2) JOINT COMMITTEE BILL.—The term ‘‘joint 
committee bill’’ means a bill consisting of the pro-
posed legislative language of the joint committee rec-
ommended under subsection (b)(3)(B) and intro-
duced under section 302(a). 
(b) ESTABLISHMENT
OF
JOINT
SELECT
COM-
MITTEE.— 
(1) ESTABLISHMENT.—There is established a 
joint select committee of Congress to be known as 
the ‘‘Joint Select Committee on Deficit Reduction’’. 
(2) GOAL.—The goal of the joint committee 
shall be to reduce the deficit to 3 percent or less of 
GDP. 
(3) DUTIES.— 
(A) IN GENERAL.— 
(i) IMPROVING THE SHORT-TERM AND 
LONG-TERM
FISCAL
IMBALANCE.—The 
joint committee shall provide recommenda-
tions and legislative language that will sig-
nificantly improve the short-term and long- 
term fiscal imbalance of the Federal Gov-
ernment and may include recommendations 
and legislative language on tax reform. 
(ii) CONSIDERATION
OF
OTHER
BI-
PARTISAN PLANS.—As a part of developing 
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the joint committee’s recommendations and 
legislation, the joint committee shall con-
sider existing bipartisan plans to reduce 
the deficit, including plans developed joint-
ly by Senators or Members of the House. 
(iii) RECOMMENDATIONS
OF
HOUSE 
AND
SENATE
COMMITTEES.—Not later 
than October 14, 2011, each committee of 
the House and Senate may transmit to the 
joint committee its recommendations for 
changes in law to reduce the deficit con-
sistent with the goals described in para-
graph (2) for the joint committee’s consid-
eration. 
(B) REPORT, 
RECOMMENDATIONS, 
AND 
LEGISLATIVE LANGUAGE.— 
(i) IN GENERAL.—Not later than No-
vember 23, 2011, the joint committee shall 
vote on— 
(I) a report that contains a de-
tailed statement of the findings, con-
clusions, and recommendations of the 
joint committee and CBO and the 
Joint Committee on Taxation estimate 
required by paragraph (5)(D)(ii); and 
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(II) proposed legislative language 
to carry out such recommendations as 
described in subclause (I). 
(ii) APPROVAL OF REPORT AND LEG-
ISLATIVE LANGUAGE.—The report of the 
joint committee and the proposed legisla-
tive language described in clause (i) shall 
require the approval of not fewer than 7 of 
the 12 members of the joint committee. 
(iii) ADDITIONAL VIEWS.—A member 
of the joint committee who gives notice of 
an intention to file supplemental, minority, 
or additional views at the time of final 
joint committee vote on the approval of the 
report and legislative language under 
clause (ii), shall be entitled to 3 calendar 
days in which to file such views in writing 
with the staff director of the joint com-
mittee. Such views shall then be included 
in the joint committee report and printed 
in the same volume, or part thereof, and 
their inclusion shall be noted on the cover 
of the report. In the absence of timely no-
tice, the joint committee report may be 
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printed and transmitted immediately with-
out such views. 
(iv) TRANSMISSION OF REPORT AND 
LEGISLATIVE
LANGUAGE.—If the report 
and legislative language are approved by 
the joint committee pursuant to clause (ii), 
then not later than December 2, 2011, the 
joint committee shall submit the joint com-
mittee report and legislative language de-
scribed in clause (i) to the President, the 
Vice President, the Speaker of the House, 
and the majority and minority leaders of 
both Houses. 
(v) REPORT AND LEGISLATIVE LAN-
GUAGE TO BE MADE PUBLIC.—Upon the 
approval or disapproval of the joint com-
mittee report and legislative language pur-
suant to clause (ii), the joint committee 
shall promptly make the full report and 
legislative language, and a record of the 
vote, available to the public. 
(4) MEMBERSHIP.— 
(A) IN
GENERAL.—The joint committee 
shall be composed of 12 members appointment 
pursuant to subparagraph (B). 
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(B) APPOINTMENT.—Members of the joint 
committee shall be appointed as follows: 
(i) The majority leader of the Senate 
shall appoint 3 members from among 
Members of the Senate. 
(ii) The minority leader of the Senate 
shall appoint 3 members from among 
Members of the Senate. 
(iii) The Speaker of the House of 
Representatives shall appoint 3 members 
from among Members of the House of 
Representatives. 
(iv) The minority leader of the House 
of Representatives shall appoint 3 mem-
bers from among Members of the House of 
Representatives. 
(C) CO-CHAIRS.— 
(i) IN
GENERAL.—There shall be 2 
Co-Chairs of the joint committee. The ma-
jority leader of the Senate shall appoint 
one Co-Chair from among the members of 
the joint committee. The Speaker of the 
House of Representatives shall appoint the 
second Co-Chair from among the members 
of the joint committee. The Co-Chairs shall 
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be appointed not later than 14 calendar 
days after the date of enactment of this 
section. 
(ii) 
STAFF
DIRECTOR.—The 
Co- 
Chairs, acting jointly, shall hire the staff 
director of the joint committee. 
(D) DATE.—Members of the joint com-
mittee shall be appointed not later than 14 cal-
endar days after the date of enactment of this 
section. 
(E) PERIOD OF APPOINTMENT.—Members 
shall be appointed for the life of the joint com-
mittee. Any vacancy in the joint committee 
shall not affect its powers, but shall be filled 
not later than 14 calendar days after the date 
on which the vacancy occurs in the same man-
ner as the original appointment. If a member of 
the committee leaves Congress, the member is 
no longer a member of the joint committee and 
a vacancy shall exist. 
(5) ADMINISTRATION.— 
(A) IN
GENERAL.—To enable the joint 
committee to exercise its powers, functions and 
duties, there are authorized to be disbursed by 
the Senate the actual and necessary expenses of 
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the joint committee approved by the co-chairs, 
subject to Senate rules and regulations. 
(B) EXPENSES.—In carrying out its func-
tions, the joint committee is authorized to incur 
expenses in the same manner and under the 
same conditions as the Joint Economic Com-
mittee as authorized by section 11 of Public 
Law 79–304 (15 U.S.C. 1024(d)). 
(C) QUORUM.—Seven members of the joint 
committee shall constitute a quorum for pur-
poses of voting, meeting, and holding hearings. 
(D) VOTING.— 
(i) PROXY VOTING.—No proxy voting 
shall be allowed on behalf of the members 
of the joint committee. 
(ii) CBO AND JOINT COMMITTEE ON 
TAXATION
ESTIMATES.—CBO and Joint 
Committee on Taxation shall provide esti-
mates of the legislation (as described in 
paragraph (3)(B)) in accordance with sec-
tions 201(f) and 308(a) of the Congres-
sional Budget Act of 1974 (2 U.S.C. 
601(f) and 639(a)), including estimates of 
the effect on interest payments on the 
debt. In addition CBO shall provide infor-
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mation on the budgetary effect of the legis-
lation beyond fiscal year 2021. The joint 
committee may not vote on any version of 
the report, recommendations, or legislative 
language unless an estimate described in 
ths clause is available for consideration by 
all the members at least 48 hours prior to 
the vote as certified by the Co-Chairs. 
(E) MEETINGS.— 
(i) INITIAL MEETING.—Not later than 
45 calendar days after the date of enact-
ment of this section, the joint committee 
shall hold its first meeting. 
(ii) AGENDA.—The Co-Chairs shall 
provide an agenda to the joint committee 
members not less than 48 hours in advance 
of any meeting. 
(F) HEARINGS.— 
(i) IN
GENERAL.—The joint com-
mittee may, for the purpose of carrying 
out this section, hold such hearings, sit 
and act at such times and places, require 
attendance of witnesses and production of 
books, papers, and documents, take such 
testimony, receive such evidence, and ad-
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minister such oaths the joint committee 
considers advisable. 
(ii) HEARING PROCEDURES AND RE-
SPONSIBILITIES OF CO-CHAIRS.— 
(I) ANNOUNCEMENT.—The joint 
committee Co-Chairs shall make a 
public announcement of the date, 
place, time, and subject matter of any 
hearing to be conducted not less than 
7 days in advance of such hearing, 
unless the Co-Chairs determine that 
there is good cause to begin such 
hearing at an earlier date. 
(II) WRITTEN
STATEMENT.—A 
witness appearing before the joint 
committee shall file a written state-
ment of proposed testimony at least 2 
calendar days prior to appearance, un-
less the requirement is waived by the 
Co-Chairs, following their determina-
tion that there is good cause for fail-
ure of compliance. 
(G) TECHNICAL ASSISTANCE.—Upon writ-
ten request of the Co-Chairs, a Federal agency 
shall provide technical assistance to the joint 
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committee in order for the joint committee to 
carry out its duties. 
(c) STAFF OF JOINT COMMITTEE.— 
(1) IN GENERAL.—The Co-Chairs of the joint 
committee may jointly appoint and fix the compensa-
tion of staff as they deem necessary, within the 
guidelines for Senate employees and following all ap-
plicable Senate rules and employment requirements. 
(2) ETHICAL
STANDARDS.—Members on the 
joint committee who serve in the House of Rep-
resentatives shall be governed by the House ethics 
rules and requirements. Members of the Senate who 
serve on the joint committee and staff of the joint 
committee shall comply with Senate ethics rules. 
(d) TERMINATION.—The joint committee shall termi-
nate on January 13, 2012. 
SEC. 302. EXPEDITED CONSIDERATION OF JOINT COM-
MITTEE RECOMMENDATIONS. 
(a) INTRODUCTION.—If approved by the majority re-
quired by section 301(b)(3)(B)(ii), the proposed legislative 
language submitted pursuant to section 301(b)(3)(B)(iv) 
shall be introduced in the Senate (by request) on the next 
day on which the Senate is in session by the majority lead-
er of the Senate or by a Member of the Senate designated 
by the majority leader of the Senate and shall be intro-
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duced in the House of Representatives (by request) on the 
next legislative day by the majority leader of the House 
or by a Member of the House designated by the majority 
leader of the House. 
(b) CONSIDERATION IN THE HOUSE OF REPRESENT-
ATIVES.— 
(1) REFERRAL
AND
REPORTING.—Any com-
mittee of the House of Representatives to which the 
joint committee bill is referred shall report it to the 
House without amendment not later than December 
9, 2011. If a committee fails to report the joint com-
mittee bill within that period, it shall be in order to 
move that the House discharge the committee from 
further consideration of the bill. Such a motion shall 
not be in order after the last committee authorized 
to consider the bill reports it to the House or after 
the House has disposed of a motion to discharge the 
bill. The previous question shall be considered as or-
dered on the motion to its adoption without inter-
vening motion except 20 minutes of debate equally 
divided and controlled by the proponent and an op-
ponent. If such a motion is adopted, the House shall 
proceed immediately to consider the joint committee 
bill in accordance with paragraphs (2) and (3). A 
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motion to reconsider the vote by which the motion 
is disposed of shall not be in order. 
(2) PROCEEDING
TO
CONSIDERATION.—After 
the last committee authorized to consider a joint 
committee bill reports it to the House or has been 
discharged (other than by motion) from its consider-
ation, it shall be in order to move to proceed to con-
sider the joint committee bill in the House. Such a 
motion shall not be in order after the House has dis-
posed of a motion to proceed with respect to the 
joint committee bill. The previous question shall be 
considered as ordered on the motion to its adoption 
without intervening motion. A motion to reconsider 
the vote by which the motion is disposed of shall not 
be in order. 
(3) CONSIDERATION.—The joint committee bill 
shall be considered as read. All points of order 
against the joint committee bill and against its con-
sideration are waived. The previous question shall be 
considered as ordered on the joint committee bill to 
its passage without intervening motion except 2 
hours of debate equally divided and controlled by the 
proponent and an opponent and one motion to limit 
debate on the joint committee bill. A motion to re-
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consider the vote on passage of the joint committee 
bill shall not be in order. 
(4) VOTE ON PASSAGE.—The vote on passage 
of the joint committee bill shall occur not later than 
December 23, 2011. 
(c) EXPEDITED PROCEDURE IN THE SENATE.— 
(1) COMMITTEE CONSIDERATION.—A joint com-
mittee bill introduced in the Senate under subsection 
(a) shall be jointly referred to the committee or com-
mittees of jurisdiction, which committees shall report 
the bill without any revision and with a favorable 
recommendation, an unfavorable recommendation, or 
without recommendation, not later than December 9, 
2011. If any committee fails to report the bill within 
that period, that committee shall be automatically 
discharged from consideration of the bill, and the 
bill shall be placed on the appropriate calendar. 
(2) MOTION
TO
PROCEED.—Notwithstanding 
Rule XXII of the Standing Rules of the Senate, it 
is in order, not later than 2 days of session after the 
date on which a joint committee bill is reported or 
discharged from all committees to which it was re-
ferred, for the majority leader of the Senate or the 
majority leader’s designee to move to proceed to the 
consideration of the joint committee bill. It shall also 
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be in order for any Member of the Senate to move 
to proceed to the consideration of the joint com-
mittee bill at any time after the conclusion of such 
2-day period. A motion to proceed is in order even 
though a previous motion to the same effect has 
been disagreed to. All points of order against the 
motion to proceed to the joint committee bill are 
waived. The motion to proceed is not debatable. The 
motion is not subject to a motion to postpone. A mo-
tion to reconsider the vote by which the motion is 
agreed to or disagreed to shall not be in order. If 
a motion to proceed to the consideration of the joint 
committee bill is agreed to, the joint committee bill 
shall remain the unfinished business until disposed 
of. 
(3) CONSIDERATION.—All points of order 
against the joint committee bill and against consid-
eration of the joint committee bill are waived. Con-
sideration of the joint committee bill and of all de-
batable motions and appeals in connection therewith 
shall not exceed a total of 30 hours which shall be 
divided equally between the majority and minority 
leaders or their designees. A motion further to limit 
debate on the joint committee bill is in order, shall 
require an affirmative vote of three-fifths of the 
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100 
Members duly chosen and sworn, and is not debat-
able. Any debatable motion or appeal is debatable 
for not to exceed 1 hour, to be divided equally be-
tween those favoring and those opposing the motion 
or appeal. All time used for consideration of the 
joint committee bill, including time used for quorum 
calls and voting, shall be counted against the total 
30 hours of consideration. 
(4) NO AMENDMENTS.—An amendment to the 
joint committee bill, or a motion to postpone, or a 
motion to proceed to the consideration of other busi-
ness, or a motion to recommit the joint committee 
bill, is not in order. 
(5) VOTE
ON
PASSAGE.—If the Senate has 
voted to proceed to the joint committee bill, the vote 
on passage of the joint committee bill shall occur im-
mediately following the conclusion of the debate on 
a joint committee bill, and a single quorum call at 
the conclusion of the debate if requested. The vote 
on passage of the joint committee bill shall occur not 
later than December 23, 2011. 
(6) RULINGS OF THE CHAIR ON PROCEDURE.— 
Appeals from the decisions of the Chair relating to 
the application of the rules of the Senate, as the 
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101 
case may be, to the procedure relating to a joint 
committee bill shall be decided without debate. 
(d) AMENDMENT.—The joint committee bill shall not 
be subject to amendment in either the House of Rep-
resentatives or the Senate. 
(e) CONSIDERATION BY THE OTHER HOUSE.— 
(1) IN GENERAL.—If, before passing the joint 
committee bill, one House receives from the other a 
joint committee bill— 
(A) the joint committee bill of the other 
House shall not be referred to a committee; and 
(B) the procedure in the receiving House 
shall be the same as if no joint committee bill 
had been received from the other House until 
the vote on passage, when the joint committee 
bill received from the other House shall sup-
plant the joint committee bill of the receiving 
House. 
(2) REVENUE MEASURE.—This subsection shall 
not apply to the House of Representatives if the 
joint committee bill received from the Senate is a 
revenue measure. 
(f) RULES TO COORDINATE ACTION WITH OTHER 
HOUSE.— 
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103 
(2) the joint committee bill does not pass both 
Houses by December 23, 2011. 
SEC. 303. FUNDING. 
Funding for the joint committee shall be derived from 
the applicable account of the House of Representatives, 
and the contingent fund of the Senate from the appropria-
tions account ‘‘Miscellaneous Items,’’ subject to Senate 
rules and regulations. 
SEC. 304. RULEMAKING. 
The provisions of this title are enacted by Congress— 
(1) as an exercise of the rulemaking power of 
the House of Representatives and the Senate, re-
spectively, and as such they shall be considered as 
part of the rules of each House, respectively, or of 
that House to which they specifically apply, and 
such rules shall supersede other rules only to the ex-
tent that they are inconsistent therewith; and 
(2) with full recognition of the constitutional 
right of either House to change such rules (so far 
as relating to such House) at any time, in the same 
manner, and to the same extent as in the case of 
any other rule of such House. 
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104 
TITLE IV—PUBLIC DEBT 
SEC. 401. PUBLIC DEBT. 
Subsection (b) of section 3101 of title 31, United 
States Code, is amended by striking the dollar limitation 
contained 
in 
that 
subsection 
and 
inserting 
‘‘$16,994,000,000,000’’. 
Æ 
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