(A) IN
GENERAL.—Not later than 120
days before the submission of the report under
paragraph (1), the Commission shall submit the
most recent version of such report to Comp-
troller General of the United States.
(B) ANALYSIS
BY
COMPTROLLER
GEN-
ERAL.—Not later than 60 days after receiving
the version of the report referred to in subpara-
graph (A), the Comptroller General of the
United States shall submit to the Commission
a report containing a detailed analysis of such
version of the report.
(b) SUBMISSION
OF RECOMMENDATIONS
TO
THE
SENATE AND HOUSE OF REPRESENTATIVES.—
(1) SUBMISSION
TO
CONGRESS.—The rec-
ommendations submitted to the Congress under sub-
section (a) shall be submitted to the Senate and the
House of Representatives on the same day, and shall
be delivered to the Secretary of the Senate if the
Senate is not in session, and to the Clerk of the
House of the Representatives if the House is not in
session.
(2) FEDERAL
REGISTER.—Any recommenda-
tions and accompanying information submitted
under subsection (a) shall be printed in the first
issue of the Federal Register after such submission.
(c) INTRODUCTION.—
(1) DATE OF INTRODUCTION.—Not later than
75 days after the date the report under subsection
(a) is submitted to the Congress, the majority leader
of the Senate or his designee, and the Speaker of
the House of Representatives, or his designee, shall
introduce a bill (or bills as provided under para-
graph (2)) that implements the recommendations
submitted under subsection (a).
(2) MULTIPLE BILLS.—The majority leader of
the Senate, or his designee, or the Speaker of the
House of Representatives, or his designee, shall in-
troduce a bill or separate bills ensuring that all such
recommendations will be implemented.
(d) COMMITTEE REFERRAL AND ACTION.—
(1) IN GENERAL.—
(A) IN
GENERAL.—Any committee to
which a bill or bills introduced under subsection
(c) is referred shall report such bill no later
than 120 calendar days after the date of refer-
ral. No amendment during committee consider-
ation of a bill or bills introduced under sub-
section (c) shall be in order unless that amend-
ment is confined to terminating or reducing an
inequitable Federal payment as defined in sec-
tion 4 of this Act. Any such reported bill shall
be referred to the Committee on Governmental
Affairs of the Senate or the Committee on Gov-
ernment Reform and Oversight of the House of
Representatives, as applicable.
(B) COMMITTEES ON FINANCE AND WAYS
AND MEANS.—
(i) IN GENERAL.—Any bill referred to
the Committee on Finance or the Com-
mittee on Ways and Means that contains
revenue increases may be amended to in-
clude reductions in revenues in the form of
tax cuts in an amount up to the amount
of the revenue increases.
(ii) SCORECARD.—If the bill referred
to in clause (i) is enacted into law, any
amount of revenue reductions not made by
the bill as provided in clause (i) shall be
credited to the pay-as-you-go scorecard
under section 252 of the Balanced Budget
and Emergency Deficit Control Act of
1985 and may only be offset by legislation
reducing revenues.
(2) DISCHARGE.—If a committee does not re-
port a bill within the 120-day period as provided
under paragraph (1), such bill shall be discharged
from the committee and referred to the Committee
on Governmental Affairs of the Senate or the Com-
mittee on Government Reform and Oversight of the
House of Representatives, as applicable.
(3) REPORT TO FLOOR; CONSOLIDATION.—
(A) IN GENERAL.—No later than the first
day the Senate or the House of Representatives
(as applicable) is in session following 10 cal-
endar days in session after the end of the 120-
day period described under paragraphs (1) and
(2), the Committee on Governmental Affairs of
the Senate and the Committee on Government
Reform and Oversight of the House of Rep-
resentatives, as applicable, shall—
(i) consolidate all bills referred under
paragraphs (1) and (2) into a single bill
(without substantive amendment) and re-
port such bill to the Senate or the House
of Representatives; or
(ii) if only 1 bill is referred under
paragraph (1) or (2), report such bill