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the deficit over the period of fiscal years 2012 through 
2021. 
SEC. 306. DEFICIT-NEUTRAL RESERVE FUND FOR RURAL 
COUNTIES AND SCHOOLS. 
In the House, the chairman of the Committee on the 
Budget may revise the allocations of a committee or com-
mittees, aggregates, and other appropriate levels and lim-
its in this resolution for one or more bills, joint resolu-
tions, amendments, motions, or conference reports that 
make changes to or provide for the reauthorization of the 
Secure Rural Schools and Community Self Determination 
Act of 2000 (Public Law 106–393) or make changes to 
the Payments in Lieu of Taxes Act of 1976 (Public Law 
94–565), or both, by the amounts provided by that legisla-
tion for those purposes, provided that such legislation 
would not increase the deficit or direct spending over ei-
ther the period of the total of fiscal years 2012 through 
2021 or the period of the total of fiscal years 2012 
through 2016, or for fiscal year 2012. 
TITLE IV—BUDGET 
ENFORCEMENT 
SEC. 401. DISCRETIONARY SPENDING LIMITS. 
(a) DISCRETIONARY SPENDING LIMITS.—Spending 
limits for total discretionary Federal spending are— 
fiscal year 2012— 
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(1) 
new 
budget 
authority, 
$1,019,402,000,000; and 
(2) outlays, $1,170,384,000,000; 
fiscal year 2013— 
(1) 
new 
budget 
authority, 
$1,027,896,000,000; and 
(2) outlays, $1,113,298,000,000; 
fiscal year 2014— 
(1) 
new 
budget 
authority, 
$1,038,537,000,000; and 
(2) outlays, $1,094,740,000,000; 
fiscal year 2015— 
(1) 
new 
budget 
authority, 
$1,046,680,000,000; and 
(2) outlays, $1,089,081,000,000; 
fiscal year 2016— 
(1) 
new 
budget 
authority, 
$1,055,779,000,000; and 
(2) outlays, $1,093,043,000,000; 
fiscal year 2017— 
(1) 
new 
budget 
authority, 
$1,067,794,000,000; and 
(2) outlays, $1,098,357,000,000; 
fiscal year 2018— 
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(1) 
new 
budget 
authority, 
$1,085,259,000,000; and 
(2) outlays, $1,105,668,000,000; 
fiscal year 2019— 
(1) 
new 
budget 
authority, 
$1,103,802,000,000; and 
(2) outlays, $1,126,521,000,000; 
fiscal year 2020— 
(1) 
new 
budget 
authority, 
$1,122,611,000,000; and 
(2) outlays, $1,145,102,000,000; and 
fiscal year 2021— 
(1) 
new 
budget 
authority, 
$1,141,640,000,000; and 
(2) outlays, $1,167,939,000,000. 
(b) ENFORCEMENT.—In the House, it shall not be 
in order to consider any bill or joint resolution, or amend-
ment thereto or conference report thereon, that causes dis-
cretionary budget authority to exceed any level set forth 
in subsection (a). 
SEC. 402. LIMITATION ON ADVANCE APPROPRIATIONS. 
(a) IN GENERAL.—In the House, except as provided 
in subsection (b), any bill, joint resolution, an amendment 
thereto or conference report thereon, making a general ap-
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propriation or continuing appropriation may not provide 
for advance appropriations. 
(b) EXCEPTIONS.—An advance appropriation may be 
provided for programs, projects, activities, or accounts re-
ferred to in subsection (c)(1) or identified in the report 
to accompany this resolution or the joint explanatory 
statement of managers to accompany this resolution under 
the heading ‘‘Accounts Identified for Advance Appropria-
tions’’. 
(c) LIMITATIONS.—For fiscal year 2013, the aggre-
gate amount of advance appropriation shall not exceed— 
(1) $52,541,000,000 for the following programs 
in the Department of Veterans Affairs— 
(A) Medical Services; 
(B) Medical Support and Compliance; and 
(C) Medical Facilities accounts of the Vet-
erans Health Administration; and 
(2) $28,852,000,000 in new budget authority 
for all other programs. 
(d) DEFINITION.—In this section, the term ‘‘advance 
appropriation’’ means any new discretionary budget au-
thority provided in a bill or joint resolution making gen-
eral appropriations or any new discretionary budget au-
thority provided in a bill or joint resolution making con-
tinuing appropriations for fiscal year 2013. 
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(e) ADJUSTMENTS.—The chairman of the Committee 
on the Budget may adjust the list referred to in subsection 
(b) or the amount set forth in subsection (c)(2) to accom-
modate the enactment of general or continuing appropria-
tion Acts for fiscal year 2011. 
SEC. 403. CONCEPTS AND DEFINITIONS. 
Upon the enactment of any bill or joint resolution 
providing for a change in budgetary concepts or defini-
tions, the chairman of the Committee on the Budget may 
adjust any appropriate levels and allocations in this resolu-
tion accordingly. 
SEC. 404. ADJUSTMENTS OF AGGREGATES AND ALLOCA-
TIONS FOR LEGISLATION. 
(a) ENFORCEMENT.—For purposes of enforcing this 
resolution, the revenue levels shall be those set forth in 
the March 2011 Congressional Budget Office baseline. 
The total amount of adjustments made under subsection 
(b) may not cause revenue levels to be below the levels 
set forth in paragraph (1)(A) of section 101 for fiscal year 
2012 and the period comprising fiscal years 2012 to 2021. 
(b) ADJUSTMENTS.—(1) The chairman of the Com-
mittee on the Budget may adjust the allocations and ag-
gregates of this concurrent resolution for— 
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(A) the budgetary effects of measures extending 
the Economic Growth and Tax Relief Reconciliation 
Act of 2001; 
(B) the budgetary effects of measures extending 
the Jobs and Growth Tax Relief Reconciliation Act 
of 2003; 
(C) the budgetary effects of measures that ad-
just the Alternative Minimum Tax exemption 
amounts to prevent a larger number of taxpayers as 
compared with tax year 2008 from being subject to 
the Alternative Minimum Tax or of allowing the use 
of nonrefundable personal credits against the Alter-
native Minimum Tax, or both as applicable; 
(D) the budgetary effects of extending the es-
tate, gift, and generation-skipping transfer tax pro-
visions of title III of the Tax Relief, Unemployment 
Insurance Reauthorization, and Job Creation Act of 
2010; 
(E) the budgetary effects of measures providing 
a 20 percent deduction in income to small busi-
nesses; 
(F) the budgetary effects of measures imple-
menting trade agreements; 
(G) the budgetary effects of measures repealing 
the tax increases set forth in the Patient Protection 
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(2) In this paragraph, the applicable concurrent reso-
lution on the budget is the one most recently adopted be-
fore the date on which a committee first reported the bill 
or joint resolution described in paragraph (1). 
SEC. 406. BUDGETARY TREATMENT OF CERTAIN TRANS-
ACTIONS. 
(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 joint explanatory statement accompanying 
the conference report on any concurrent resolution 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 discretionary adminis-
trative expenses of the Social Security Administration and 
the United States Postal Service. 
(b) SPECIAL RULE.—For purposes of applying sec-
tion 302(f) of the Congressional Budget Act of 1974, esti-
mates of the level of total new budget authority and total 
outlays provided by a measure shall include any off-budget 
discretionary amounts. 
(c) ADJUSTMENTS.—The chairman of the Committee 
on the Budget may adjust allocations and aggregates for 
legislation reported by the Committee on Oversight and 
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Government Reform that reforms the Federal retirement 
system, but does not cause a net increase in the deficit 
for fiscal year 2012 and the period comprising fiscal years 
2012 to 2021. 
SEC. 407. APPLICATION AND EFFECT OF CHANGES IN ALLO-
CATIONS AND AGGREGATES. 
(a) APPLICATION.—Any adjustments of allocations 
and aggregates made pursuant to this resolution shall— 
(1) apply while that measure is under consider-
ation; 
(2) take effect upon the enactment of that 
measure; and 
(3) be published in the Congressional Record as 
soon as practicable. 
(b) EFFECT OF CHANGED ALLOCATIONS AND AG-
GREGATES.—Revised allocations and aggregates resulting 
from these adjustments shall be considered for the pur-
poses of the Congressional Budget Act of 1974 as alloca-
tions and aggregates included in this resolution. 
(c) BUDGET COMMITTEE DETERMINATIONS.—For 
purposes of this resolution, the levels of new budget au-
thority, outlays, direct spending, new entitlement author-
ity, revenues, deficits, and surpluses for a fiscal year or 
period of fiscal years shall be determined on the basis of 
estimates made by the Committee on the Budget. 
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(d) EXEMPTIONS.—Any legislation for which the 
chairman of the Committee on the Budget makes adjust-
ments in the allocations and aggregates of this concurrent 
resolution on the budget and complies with the Congres-
sional Budget Act of 1974 shall not be subject to the 
points of order set forth in clause 10 of rule XXI of the 
Rules of the House of Representatives or section 405. 
SEC. 408. FAIR VALUE ESTIMATES. 
(a) REQUEST
FOR SUPPLEMENTAL ESTIMATES.— 
Upon the request of the chairman or ranking member of 
the Committee on the Budget, any estimate prepared for 
a measure under the terms of title V of the Congressional 
Budget Act of 1974, ‘‘credit reform’’, as a supplement to 
such estimate of the Congressional Budget Office shall, 
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) ENFORCEMENT.—If the Congressional Budget 
Office provides an estimate pursuant to subsection (a), the 
chairman of the Committee on the Budget may use such 
estimate to determine compliance with the Congressional 
Budget Act of 1974 and other budgetary enforcement con-
trols. 
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SEC. 409. EXERCISE OF RULEMAKING POWERS. 
(a) IN GENERAL.—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, and 
these rules shall supersede other rules only to the 
extent that they are inconsistent 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. 
(b) LIMITATION
ON APPLICATION.—The following 
provisions of H. Res. 5 (112th Congress) shall no longer 
have force or effect: 
(1) Section 3(e) relating to advance appropria-
tions. 
(2) Section 3(f) relating to the treatment of off- 
budget administrative expenses. 
(3) Section 3(g) relating to a long-term spend-
ing point of order. 
TITLE V—POLICY 
SEC. 501. POLICY STATEMENT ON MEDICARE. 
(a) FINDINGS.—The House finds the following: 
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(1) More than 46 million Americans depend on 
Medicare for their health security. 
(2) The Medicare Trustees report has repeat-
edly recommended that Medicare’s long-term finan-
cial challenges be addressed soon. Each year without 
reform, the financial condition of Medicare becomes 
more precarious and the threat to those in and near 
retirement becomes more pronounced. According to 
the Congressional Budget Office— 
(A) the Hospital Insurance Trust Fund 
will be exhausted in 2020 and unable to pay 
scheduled benefits; and 
(B) Medicare spending is growing faster 
than the economy. Medicare outlays are cur-
rently rising at a rate of 7.2 percent per year, 
and under CBO’s alternative fiscal scenario, 
mandatory spending on Medicare is projected to 
reach 7 percent of GDP by 2035 and 14 per-
cent of GDP by 2080. 
(3) Failing to address this problem will leave 
millions of American seniors without adequate health 
security and younger generations burdened with 
enormous debt to pay for spending levels that cannot 
be sustained. 
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