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(8) Four States, including Georgia, Alaska, 
Mississippi, and North Dakota, have agreed to the 
Compact for a Balanced Budget, which is seeking to 
amend the Constitution to require a balanced budget 
through an Article V convention by April 12, 2021. 
(b) POLICY ON A BALANCED BUDGET CONSTITU-
TIONAL AMENDMENT.—It is the policy of this concurrent 
resolution that Congress should propose a balanced budget 
constitutional amendment for ratification by the States. 
SEC. 603. POLICY STATEMENT ON REFORMING THE CON-
GRESSIONAL BUDGET PROCESS. 
(a) FINDINGS.—The House finds the following: 
(1) Enactment of the Congressional Budget and 
Impoundment Control Act of 1974 was the first step 
toward restoring constitutionally endowed legislative 
responsibility over fundamental budget decision 
making. 
(2) The Congressional Budget Act of 1974 spe-
cifically set forth its purposes in section 2. It was 
designed to— 
(A) establish congressional control over the 
budget process; 
(B) provide for annual congressional deter-
mination of a level of taxes and spending; 
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(C) set important national budget prior-
ities; and 
(D) find methods to facilitate the access of 
Members of Congress to the most accurate, ob-
jective, and high-quality information available 
to assist them in discharging their duties. 
(3) However, the congressional budget process 
has neither constrained spending nor inhibited the 
expansion of Government. The growth of the Gov-
ernment, primarily through a multiplicity of manda-
tory programs and other forms of direct spending, 
has largely been financed through borrowing and 
high tax rates. 
(4) The enforcement of the current budget 
process, including congressional points of order and 
statutory spending limits, have been too often 
waived or circumvented. This contributes to a lack 
of accountability, which has led to broad agreement 
that reforming the system is a high necessity. 
(b) POLICY ON REFORMING THE CONGRESSIONAL 
BUDGET PROCESS.—It is the policy of this concurrent res-
olution that Congress should— 
(1) restructure the fundamental procedures of 
budget decision making; 
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(2) reassert congressional power over spending 
and revenue, restore the balance of power between 
Congress and the President as the Congressional 
Budget Act of 1974 intended, and attain the max-
imum level of accountability for budget decisions 
through efficient and rigorous enforcement of budget 
rules; 
(3) improve incentives for lawmakers to budget 
as intended by the Congressional Budget Act of 
1974, especially by adopting an annual budget reso-
lution; 
(4) encourage more effective control over spend-
ing, especially currently uncontrolled direct spend-
ing; 
(5) revise the methodology used in developing 
the baseline, which is intended to reflect an objective 
projection of the budgetary effects of current laws 
and policies for future fiscal years, by removing any 
tendency toward assuming higher spending levels; 
(6) promote efficient and timely budget actions 
to ensure lawmakers complete their budget actions 
before the start of the new fiscal year; 
(7) provide access to the best analysis of eco-
nomic conditions available and increase awareness of 
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how fiscal policy directly impacts economic growth 
and job creation; 
(8) eliminate the complexity of the budget proc-
ess and the biases that favor higher spending; 
(9) include procedures that treat extensions of 
current tax laws on a comparable basis to the exten-
sion of mandatory programs; and 
(10) require procedures that make the budg-
etary effects of Government policies on individual 
taxpayers more apparent, such as requiring the 
President’s annual budget submission to Congress 
provide an estimate of the pro rated share of any 
projected debt for the current fiscal year to any indi-
vidual who files an income tax return. 
(c) LEGISLATION.—The Committee on the Budget of 
the House intends to draft legislation during the 114th 
Congress that rewrites the Congressional Budget and Im-
poundment Control Act of 1974 to fulfill the goals of mak-
ing the congressional budget process more effective in en-
suring taxpayers’ dollars are spent wisely and efficiently. 
Such legislation shall— 
(1) attain greater simplicity without sacrificing 
the rigor required to address— 
(A) the complex issues of the domestic and 
world economy; 
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(B) national security responsibilities; and 
(C) the appropriate roles of rulemaking 
and statutory enforcement mechanisms; 
(2) establish a new structure that assures the 
congressional role in the budget process is applied 
consistently without reliance on reactive legislating; 
(3) improve the elements of the current budget 
process that have fulfilled the original purposes of 
the Congressional Budget Act of 1974; and 
(4) rebuild the foundation of the budget process 
to provide a solid basis from which additional re-
forms may be developed. 
SEC. 604. POLICY STATEMENT ON ECONOMIC GROWTH AND 
JOB CREATION. 
(a) FINDINGS.—The House finds the following: 
(1) Although the United States economy tech-
nically emerged from recession nearly 7 years ago, 
the subsequent recovery has felt more like a malaise 
than a rebound. Real gross domestic product (GDP) 
growth since 2010 has averaged just over 2 percent 
annually, well below the 3 percent historical trend 
rate of growth in the United States. The Nation re-
mains in the midst of the weakest economic recovery 
of the modern era. Sluggish economic growth has 
also contributed to the country’s fiscal woes because 
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