‘‘(2) LOANS.—For guaranteed loans financed 
by the Bank and treated as direct loans by a Fed-
eral agency pursuant to section 406(b)(1), any fee 
or interest surcharge (the amount by which the in-
terest rate charged exceeds the rate determined pur-
suant to section 502(7)(H) that the Bank charges to 
a private borrower pursuant to section 6(c) of the 
Federal Financing Bank Act of 1973 shall be con-
sidered a cash flow to the Government for the pur-
poses of determining the cost of the direct loan pur-
suant to section 502(7). All such amounts shall be 
credited to the appropriate financing account. 
‘‘(3) REIMBURSEMENT.—The Bank is author-
ized to require reimbursement from a Federal agen-
cy to cover the administrative expenses of the Bank 
that are attributable to the direct loans financed for 
that agency. All such payments by an agency shall 
be considered administrative expenses subject to sec-
tion 504(g). This subsection shall apply to trans-
actions related to direct loan obligations or loan 
guarantee commitments made on or after October 1, 
1991. 
‘‘(4) AUTHORITY.—The authorities provided in 
this subsection shall not be construed to supersede 
or override the authority of the head of a Federal 
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agency to administer and operate a direct loan or 
loan guarantee program. 
‘‘(5) TITLE 31.—All of the transactions pro-
vided in the subsection shall be subject to the provi-
sions of subchapter II of chapter 15 of title 31, 
United States Code. 
‘‘(6) TREATMENT OF CASH BALANCES.—Cash 
balances of the financing accounts in excess of cur-
rent requirements shall be maintained in a form of 
uninvested funds and the Secretary of the Treasury 
shall pay interest on these funds. The Secretary of 
the Treasury shall charge (or pay if the amount is 
negative) financing accounts an amount equal to the 
risk component for a direct loan, loan guarantee, or 
financial investment or modification thereof. Such 
amount received by the Secretary of the Treasury 
shall be a means of financing and shall not be con-
sidered a cash flow of the Government for the pur-
poses of section 502(7). 
‘‘(d) 
AUTHORIZATION
FOR
LIQUIDATING
AC-
COUNTS.—(1) Amounts in liquidating accounts shall be 
available only for payments resulting from direct loan obli-
gations or loan guarantee commitments made prior to Oc-
tober 1, 1991, for— 
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‘‘(A) interest payments and principal repay-
ments to the Treasury or the Federal Financing 
Bank for amounts borrowed; 
‘‘(B) disbursements of loans; 
‘‘(C) default and other guarantee claim pay-
ments; 
‘‘(D) interest supplement payments; 
‘‘(E) payments for the costs of foreclosing, 
managing, and selling collateral that are capitalized 
or routinely deducted from the proceeds of sales; 
‘‘(F) payments to financing accounts when re-
quired for modifications; 
‘‘(G) administrative costs and essential preser-
vation expenses, if— 
‘‘(i) amounts credited to the liquidating ac-
count would have been available for Administra-
tive costs and essential preservation expenses 
under a provision of law in effect prior to Octo-
ber 1, 1991; and 
‘‘(ii) no direct loan obligation or loan guar-
antee commitment has been made, or any modi-
fication of a direct loan or loan guarantee has 
been made, since September 30, 1991; or 
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‘‘(H) such other payments as are necessary for 
the liquidation of such direct loan obligations and 
loan guarantee commitments. 
‘‘(2) Amounts credited to liquidating accounts in any 
year shall be available only for payments required in that 
year. Any unobligated balances in liquidating accounts at 
the end of a fiscal year shall be transferred to miscella-
neous receipts as soon as practicable after the end of the 
fiscal year. 
‘‘(3) If funds in liquidating accounts are insufficient 
to satisfy obligations and commitments of such accounts, 
there is hereby provided permanent, indefinite authority 
to make any payments required to be made on such obliga-
tions and commitments. 
‘‘(e) AUTHORIZATION OF APPROPRIATIONS FOR IM-
PLEMENTATION EXPENSES.—There are authorized to be 
appropriated to existing accounts such sums as may be 
necessary for salaries and expenses to carry out the re-
sponsibilities under this title. 
‘‘(f) REINSURANCE.—Nothing in this title shall be 
construed as authorizing or requiring the purchase of in-
surance or reinsurance on a direct loan or loan guarantee 
from private insurers. If any such reinsurance for a direct 
loan or loan guarantee is authorized, the cost of such in-
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surance and any recoveries to the Government shall be in-
cluded in the calculation of the cost. 
‘‘(g) ELIGIBILITY AND ASSISTANCE.—Nothing in this 
title shall be construed to change the authority or the re-
sponsibility of a Federal agency to determine the terms 
and conditions of eligibility for, or the amount of assist-
ance provided by a direct loan or a loan guarantee. 
‘‘SEC. 506. TREATMENT OF DEPOSIT INSURANCE AND AGEN-
CIES AND OTHER INSURANCE PROGRAMS. 
‘‘This title shall not apply to the credit or insurance 
activities of the Federal Deposit Insurance Corporation, 
National Credit Union Administration, Resolution Trust 
Corporation, Pension Benefit Guaranty Corporation, Na-
tional Flood Insurance, National Insurance Development 
Fund, Crop Insurance, or Tennessee Valley Authority. 
‘‘SEC. 507. EFFECT ON OTHER LAWS. 
‘‘(a) EFFECT ON OTHER LAWS.—This title shall su-
persede, modify, or repeal any provision of law enacted 
prior to the date of enactment of this title to the extent 
such provision is inconsistent with this title. Nothing in 
this title shall be construed to establish a credit limitation 
on any Federal loan or loan guarantee program. 
‘‘(b) CREDITING OF COLLECTIONS.—Collections re-
sulting from direct loans obligated or loan guarantees 
committed prior to October 1, 1991, shall be credited to 
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the liquidating accounts of Federal agencies. Amounts so 
credited shall be available, to the same extent that they 
were available prior to the date of enactment of this title, 
to liquidate obligations arising from such direct loans obli-
gated or loan guarantees committed prior to October 1, 
1991, including repayment of any obligations held by the 
Secretary of the Treasury or the Federal Financing Bank. 
The unobligated balances of such accounts that are in ex-
cess of current needs shall be transferred to the general 
fund of the Treasury. Such transfers shall be made from 
time to time but, at least once each year.’’. 
SEC. 5. NO CHANGES IN MANDATORY PROGRAMS IN AP-
PROPRIATION BILLS. 
Section 302(f)(1) of the Congressional Budget Act of 
1974 is amended to read as follows: 
‘‘(1) IN THE HOUSE OF REPRESENTATIVES.— 
After a concurrent resolution on the budget is 
agreed to, it shall not be in order in the House of 
Representatives to consider any bill or joint resolu-
tion, amendment, motion, or conference report 
that— 
‘‘(A)(i) in the case of any committee except 
the Committee on Appropriations, would cause 
the applicable allocation of new budget author-
ity or outlays under subsection (a) for the first 
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fiscal year or the total of fiscal years to be ex-
ceeded; or 
‘‘(ii) in the case of the Committee on Ap-
propriations would cause the applicable sub-
allocation of new budget authority or outlays 
under subsection (b) to be exceeded; or 
‘‘(B) includes one or more provisions that 
would have been estimated as affecting direct 
spending or receipts under section 252 of the 
Balanced Budget and Emergency Deficit Con-
trol Act of 1985 were they included in legisla-
tion other than appropriations legislation, if 
such provision does not result in net outlay sav-
ings over the total of the period of the current 
year, the budget year, and all fiscal years cov-
ered under the most recently adopted concur-
rent resolution on the budget.’’. 
SEC. 6. DON’T COUNT RESCISSIONS THAT DON’T SAVE 
MONEY. 
Section 312(a) of the Congressional Budget Act of 
1974 (2 U.S.C. 643(a)) is amended— 
(1) by striking ‘‘For purposes’’ and inserting 
the following: 
‘‘(1) IN GENERAL.—For purposes’’; and 
(2) by adding at the end the following: 
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‘‘(2) EXCLUSION.—In making determinations under 
paragraph (1), the committee shall not count rescissions 
of budget authority that do not result in outlay savings 
over the period of fiscal years covered by the concurrent 
resolution on the budget.’’. 
SEC. 7. PROHIBITION ON STEP INCREASES FOR FEDERAL 
EMPLOYEE COMPENSATION. 
(a) PERIODIC STEP INCREASES.—Notwithstanding 
any other provision of law, no periodic step increase under 
section 5335 of title 5, United States Code, which (but 
for this subsection) would otherwise take effect during the 
period beginning on the date of enactment of this Act and 
ending on December 31, 2012, shall be made. 
(b) ADDITIONAL STEP INCREASES.—The head of an 
agency may not grant additional step increases under sec-
tion 5336 of title 5, United States Code, during the period 
beginning on the date of enactment of this Act and ending 
on December 31, 2012. 
SEC. 8. POINT OF ORDER AGAINST ADVANCE APPROPRIA-
TIONS. 
(a) IN GENERAL.— 
(1) POINT OF ORDER.—Except as provided in 
subsection (b), it shall not be in order in the House 
of Representatives to consider any bill, joint resolu-
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tion, motion, amendment, or conference report that 
would provide an advance appropriation. 
(2) DEFINITION.—In this section, the term 
‘‘advance appropriation’’ means any new budget au-
thority provided in a bill or joint resolution making 
appropriations for fiscal year 2012 that first be-
comes available for any fiscal year after 2012, or 
any new budget authority provided in a bill or joint 
resolution making general appropriations or con-
tinuing appropriations for each of the budget years 
2012 through 2022, that first becomes available for 
any fiscal year after the budget year. 
(b) EXCEPTIONS.—Advance appropriations may be 
provided as follows: 
(1) For fiscal years 2013 through 2022 in an 
aggregate amount not to exceed $28,852,000,000 in 
new budget authority in each year for the following 
programs, projects, activities, or accounts: 
(A) Employment and Training Administra-
tion. 
(B) Job Corps. 
(C) Education for the Disadvantaged. 
(D) School Improvement. 
(E) Children and Family Services (Head 
Start). 
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(F) Special Education. 
(G) Career, Technical, and Adult Edu-
cation. 
(H) Financial Services and General Gov-
ernment: Payment to Postal Service. 
(I) Transportation, Housing and Urban 
Development: Tenant-based Rental Assistance 
Project-based Rental Assistance. 
(2) For the Corporation for Public Broad-
casting. 
(3) For the Department of Veterans Affairs for 
the Medical Services, Medical Support and Compli-
ance, and Medical Facilities accounts of the Vet-
erans Health Administration. 
(c) SUPERMAJORITY WAIVER.—In the House of Rep-
resentatives, subsection (a)(1) may be waived or sus-
pended only by an affirmative vote of three-fifths of the 
Members, duly chosen and sworn. 
(d) FORM OF POINT OF ORDER.—A point of order 
under subsection (a) may be raised by a Member as pro-
vided in section 313(e) of the Congressional Budget Act 
of 1974. 
(e) CONFERENCE REPORTS.—When the House of 
Representatives is considering a conference report on, or 
an amendment between the Houses in relation to, a bill, 
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upon a point of order being made by any Senator pursuant 
to this section, and such point of order being sustained, 
such material contained in such conference report shall be 
deemed stricken, and the House shall proceed to consider 
the question of whether the House shall recede from its 
amendment and concur with a further amendment, or con-
cur in the Senate amendment with a further amendment, 
as the case may be, which further amendment shall consist 
of only that portion of the conference report or Senate 
amendment, as the case may be, not so stricken. Any such 
motion in the House shall be debatable. In any case in 
which such point of order is sustained against a conference 
report (or House amendment derived from such con-
ference report by operation of this subsection), no further 
amendment shall be in order. 
SEC. 9. PROHIBIT TIMING SHIFTS. 
In the House of Representatives, for purposes of en-
forcement of points of order established under the Con-
gressional Budget Act of 1974 and applicable concurrent 
resolutions on the budget, a provision in any bill, resolu-
tion, amendment, motion, amendment between the 
Houses, or conference report that shifts outlays or reve-
nues from one year to another by a date change to act 
as an offset for other provisions that increase the deficit 
for a time period shall not count. 
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SEC. 10. BUDGET SCORING RULE RELATING TO TRANSFERS 
FROM THE GENERAL FUND OF THE TREAS-
URY TO THE HIGHWAY TRUST FUND THAT IN-
CREASE PUBLIC INDEBTEDNESS. 
In the House of Representatives, for purposes of en-
forcement of points of order established under the Con-
gressional Budget Act of 1974 and applicable concurrent 
resolutions on the budget, a bill, resolution, amendment, 
motion, amendment between the Houses, or conference re-
port that transfers funds from the general fund of the 
Treasury to the Highway Trust Fund and that increases 
the level of indebtedness that is subject to the current ap-
plicable statutory public debt limit shall be counted by the 
chairman of the Committee on the Budget of the House 
of Representatives as new budget authority and outlays 
equal to the amount of the transfer in the fiscal year the 
transfer occurs. 
Æ 
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