(i) striking ‘‘April 15 of each year’’ 
and inserting ‘‘May 15 of each odd-num-
bered year’’; 
(ii) striking ‘‘the fiscal year beginning 
on October 1 of such year’’ the first place 
it appears and inserting ‘‘the biennium be-
ginning on October 1 of such year’’; 
(iii) striking ‘‘the fiscal year beginning 
on October 1 of such year’’ the second 
place it appears and inserting ‘‘each fiscal 
year in such period’’; and 
(iv) striking ‘‘each of the four ensuing 
fiscal years’’ and inserting ‘‘each fiscal 
year in the next 2 bienniums’’; 
(B) in paragraph (6), by striking ‘‘for the 
fiscal year’’ and inserting ‘‘for each fiscal year 
in the biennium’’; and 
(C) in paragraph (7), by striking ‘‘for the 
fiscal year’’ and inserting ‘‘for each fiscal year 
in the biennium’’. 
(2) ADDITIONAL MATTERS.—Section 301(b) of 
such Act (2 U.S.C. 632(b)) is amended— 
(A) in paragraph (3), by striking ‘‘for such 
fiscal year’’ and inserting ‘‘for either fiscal year 
in such biennium’’; and 
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(B) in paragraph (7), by striking ‘‘for the 
first fiscal year’’ and inserting ‘‘for each fiscal 
year in the biennium’’. 
(3) VIEWS
OF
OTHER
COMMITTEES.—Section 
301(d) of such Act (2 U.S.C. 632(d)) is amended by 
inserting ‘‘(or, if applicable, as provided by section 
300(b))’’ after ‘‘United States Code’’. 
(4) HEARINGS.—Section 301(e)(1) of such Act 
(2 U.S.C. 632(e)) is amended by— 
(A) striking ‘‘fiscal year’’ and inserting 
‘‘biennium’’; and 
(B) inserting after the second sentence the 
following: ‘‘On or before April 1 of each odd- 
numbered year (or, if applicable, as provided by 
section 300(b)), the Committee on the Budget 
of each House shall report to its House the 
joint resolution on the budget referred to in 
subsection (a) for the biennium beginning on 
October 1 of that year.’’. 
(5) GOALS FOR REDUCING UNEMPLOYMENT.— 
Section 301(f) of such Act (2 U.S.C. 632(f)) is 
amended by striking ‘‘fiscal year’’ each place it ap-
pears and inserting ‘‘biennium’’. 
(6) 
ECONOMIC
ASSUMPTIONS.—Section 
301(g)(1) of such Act (2 U.S.C. 632(g)(1)) is 
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amended by striking ‘‘for a fiscal year’’ and insert-
ing ‘‘for a biennium’’. 
(7) SECTION HEADING.—The section heading of 
section 301 of such Act is amended by striking ‘‘AN-
NUAL’’ and inserting ‘‘BIENNIAL’’. 
(8) TABLE OF CONTENTS.—The item relating 
to section 301 in the table of contents set forth in 
section 1(b) of such Act is amended by striking ‘‘An-
nual’’ and inserting ‘‘Biennial’’. 
(d) COMMITTEE ALLOCATIONS.—Section 302 of such 
Act (2 U.S.C. 633) is amended— 
(1) in subsection (a)(1) by— 
(A) striking ‘‘for the first fiscal year of the 
resolution,’’ and inserting ‘‘for each fiscal year 
in the biennium,’’; 
(B) striking ‘‘for that period of fiscal 
years’’ and inserting ‘‘for all fiscal years cov-
ered by the resolution’’; and 
(C) striking ‘‘for the fiscal year of that 
resolution’’ and inserting ‘‘for each fiscal year 
in the biennium’’; 
(2) in subsection (f)(1), by striking ‘‘for a fiscal 
year’’ and inserting ‘‘for a biennium’’; 
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(3) in subsection (f)(1), by striking ‘‘first fiscal 
year’’ and inserting ‘‘either fiscal year of the bien-
nium’’; 
(4) in subsection (f)(2)(A), by— 
(A) striking ‘‘first fiscal year’’ and insert-
ing ‘‘each fiscal year of the biennium’’; and 
(B) striking ‘‘the total of fiscal years’’ and 
inserting ‘‘the total of all fiscal years covered by 
the resolution’’; and 
(5) in subsection (g)(1)(A), by striking ‘‘April’’ 
and inserting ‘‘May’’. 
(e) SECTION 303 POINT OF ORDER.—Section 303 of 
such Act (2 U.S.C. 634(a)) is amended by striking ‘‘for 
a fiscal year’’ and inserting ‘‘for a biennium’’ and by strik-
ing ‘‘the first fiscal year’’ and inserting ‘‘each fiscal year 
of the biennium’’. 
(f) PERMISSIBLE REVISIONS OF JOINT RESOLUTIONS 
ON THE BUDGET.—Section 304 of such Act (2 U.S.C. 
635) is amended— 
(1) by striking ‘‘fiscal year’’ the first two places 
it appears and inserting ‘‘biennium’’; 
(2) by striking ‘‘for such fiscal year’’; and 
(3) by inserting before the period ‘‘for such bi-
ennium’’. 
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(g) PROCEDURES FOR CONSIDERATION OF BUDGET 
RESOLUTIONS.—Section 305(a)(3) of such Act (2 U.S.C. 
636(b)(3)) is amended by striking ‘‘fiscal year’’ and in-
serting ‘‘biennium’’. 
(h) COMPLETION OF HOUSE COMMITTEE ACTION ON 
APPROPRIATION BILLS.—Section 307 of such Act (2 
U.S.C. 638) is amended— 
(1) by striking ‘‘each year’’ and inserting ‘‘each 
odd-numbered year (or, if applicable, as provided by 
section 300(b), July 1)’’; 
(2) by striking ‘‘annual’’ and inserting ‘‘bien-
nial’’; 
(3) by striking ‘‘fiscal year’’ and inserting ‘‘bi-
ennium’’; and 
(4) by striking ‘‘that year’’ and inserting ‘‘each 
odd-numbered year’’. 
(i) QUARTERLY BUDGET REPORTS.—Section 308 of 
such Act (2 U.S.C. 639) is amended by adding at the end 
the following new subsection: 
‘‘(d) QUARTERLY BUDGET REPORTS.—The Director 
of the Congressional Budget Office shall, as soon as prac-
ticable after the completion of each quarter of the fiscal 
year, prepare an analysis comparing revenues, spending, 
and the deficit or surplus for the current fiscal year to 
assumptions included in the congressional budget resolu-
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