HR 3578 RFS
‘‘(D) If any law expires before the budget year 
or any outyear, then any program with estimated 
current year outlays greater than $50,000,000 that 
operates under that law shall be assumed to con-
tinue to operate under that law as in effect imme-
diately before its expiration. 
‘‘(3) HOSPITAL
INSURANCE
TRUST
FUND.— 
Notwithstanding any other provision of law, the re-
ceipts and disbursements of the Hospital Insurance 
Trust Fund shall be included in all calculations re-
quired by this Act. 
‘‘(c) DISCRETIONARY SPENDING.—For the budget 
year and each of the nine ensuing outyears, the baseline 
shall be calculated using the following assumptions regard-
ing all amounts other than those covered by subsection 
(b): 
‘‘(1) ESTIMATED APPROPRIATIONS.—Budgetary 
resources other than unobligated balances shall be at 
the level provided for the budget year in full-year ap-
propriation Acts. If for any account a full-year ap-
propriation has not yet been enacted, budgetary re-
sources other than unobligated balances shall be at 
the level available in the current year. 
‘‘(2) CURRENT-YEAR APPROPRIATIONS.—If, for 
any account, a continuing appropriation is in effect 
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HR 3578 RFS
for less than the entire current year, then the cur-
rent-year amount shall be assumed to equal the 
amount that would be available if that continuing 
appropriation covered the entire fiscal year. If law 
permits the transfer of budget authority among 
budget accounts in the current year, the current- 
year level for an account shall reflect transfers ac-
complished by the submission of, or assumed for the 
current year in, the President’s original budget for 
the budget year. 
‘‘(d) UP-TO-DATE CONCEPTS.—In calculating the 
baseline for the budget year or each of the nine ensuing 
outyears, current-year amounts shall be calculated using 
the concepts and definitions that are required for that 
budget year. 
‘‘(e) ASSET SALES.—Amounts realized from the sale 
of an asset shall not be included in estimates under section 
251, 251A, 252, or 253 of this part or section 5 of the 
Statutory Pay-As-You-Go Act of 2010 if that sale would 
result in a financial cost to the Government as determined 
pursuant to scorekeeping guidelines.’’. 
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HR 3578 RFS
SEC. 3. ADDITIONAL CBO REPORT TO BUDGET COMMIT-
TEES. 
Section 202(e) of the Congressional Budget Act of 
1974 is amended by adding at the end the following new 
paragraphs: 
‘‘(4)(A) After the President’s budget submis-
sion under section 1105(a) of title 31, United States 
Code, in addition to the baseline projections, the Di-
rector shall submit to the Committees on the Budget 
of the House of Representatives and the Senate a 
supplemental projection assuming extension of cur-
rent tax policy for the fiscal year commencing on 
October 1 of that year with a supplemental projec-
tion for the 10 fiscal-year period beginning with that 
fiscal year, assuming the extension of current tax 
policy. 
‘‘(B) For the purposes of this paragraph, the 
term ‘current tax policy’ means the tax policy in 
statute as of December 31 of the current year as-
suming— 
‘‘(i) the budgetary effects of measures ex-
tending the Economic Growth and Tax Relief 
Reconciliation Act of 2001; 
‘‘(ii) the budgetary effects of measures ex-
tending the Jobs and Growth Tax Relief Rec-
onciliation Act of 2003; 
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‘‘(iii) the continued application of the alter-
native minimum tax as in effect for taxable 
years beginning in 2011 pursuant to title II of 
the Tax Relief, Unemployment Insurance Reau-
thorization, and Job Creation Act of 2010, as-
suming that for taxable years beginning after 
2011 the exemption amount shall equal— 
‘‘(I) the exemption amount for taxable 
years beginning in 2011, as indexed for in-
flation; or 
‘‘(II) if a subsequent law modifies the 
exemption amount for later taxable years, 
the modified exemption amount, as indexed 
for inflation; and 
‘‘(iv) the budgetary effects of extending the 
estate, gift, and generation-skipping transfer 
tax provisions of title III of the Tax Relief, Un-
employment Insurance Reauthorization, and 
Job Creation Act of 2010. 
‘‘(5) On or before July 1 of each year, the Di-
rector shall submit to the Committees on the Budget 
of the House of Representatives and the Senate, the 
Long-Term Budget Outlook for the fiscal year com-
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