HCON 112 PCS 
(A) 
New 
budget 
authority, 
-$103,878,000,000. 
(B) Outlays, -$103,878,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
-$108,168,000,000. 
(B) Outlays, -$108,168,000,000. 
Fiscal year 2022: 
(A) 
New 
budget 
authority, 
-$110,655,000,000. 
(B) Outlays, -$110,655,000,000. 
(21) Overseas Contingency Operations/Global 
War on Terrorism: 
Fiscal year 2013: 
(A) 
New 
budget 
authority, 
$96,725,000,000. 
(B) Outlays, $51,125,000,000. 
Fiscal year 2014: 
(A) 
New 
budget 
authority, 
$44,159,000,000. 
(B) Outlays, $54,010,000,000. 
Fiscal year 2015: 
(A) 
New 
budget 
authority, 
$44,159,000,000. 
(B) Outlays, $48,034,000,000. 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00040
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
Fiscal year 2016: 
(A) 
New 
budget 
authority, 
$44,159,000,000. 
(B) Outlays, $45,422,000,000. 
Fiscal year 2017: 
(A) 
New 
budget 
authority, 
$44,159,000,000. 
(B) Outlays, $44,284,000,000. 
Fiscal year 2018: 
(A) 
New 
budget 
authority, 
$44,159,000,000. 
(B) Outlays, $43,912,000,000. 
Fiscal year 2019: 
(A) 
New 
budget 
authority, 
$44,159,000,000. 
(B) Outlays, $43,770,000,000. 
Fiscal year 2020: 
(A) 
New 
budget 
authority, 
$44,159,000,000. 
(B) Outlays, $43,741,000,000. 
Fiscal year 2021: 
(A) 
New 
budget 
authority, 
$44,159,000,000. 
(B) Outlays, $43,727,000,000. 
Fiscal year 2022: 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00041
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
(A) 
New 
budget 
authority, 
$44,159,000,000. 
(B) Outlays, $43,727,000,000. 
TITLE II—RECONCILIATION AND 
DIRECTIVE 
TO 
THE 
COM-
MITTEE ON THE BUDGET 
SEC. 201. RECONCILIATION IN THE HOUSE OF REPRESENT-
ATIVES. 
(a) SUBMISSIONS OF SPENDING REDUCTION.—Not 
later than April 27, 2012, the House committees named 
in subsection (b) shall submit recommendations to the 
Committee on the Budget of the House of Representa-
tives. After receiving those recommendations, such com-
mittee shall report to the House a reconciliation bill car-
rying out all such recommendations without substantive 
revision. 
(b) INSTRUCTIONS.— 
(1) COMMITTEE ON AGRICULTURE.—The Com-
mittee on Agriculture shall submit changes in laws 
within its jurisdiction sufficient to reduce the deficit 
by $8,200,000,000 for the period of fiscal years 
2012 and 2013; by $19,700,000,000 for the period 
of fiscal years 2012 through 2017; and by 
$33,200,000,000 for the period of fiscal years 2012 
through 2022. 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00042
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
(2) COMMITTEE ON ENERGY AND COMMERCE.— 
The Committee on Energy and Commerce shall sub-
mit changes in laws within its jurisdiction sufficient 
to reduce the deficit by $3,750,000,000 for the pe-
riod 
of 
fiscal 
years 
2012 
and 
2013; 
by 
$28,430,000,000 for the period of fiscal years 2012 
through 2017; and by $96,760,000,000 for the pe-
riod of fiscal years 2012 through 2022. 
(3) COMMITTEE ON FINANCIAL SERVICES.—The 
Committee on Financial Services shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $3,000,000,000 for the period 
of fiscal years 2012 and 2013; by $16,700,000,000 
for the period of fiscal years 2012 through 2017; 
and by $29,800,000,000 for the period of fiscal 
years 2012 through 2022. 
(4) COMMITTEE
ON
THE
JUDICIARY.—The 
Committee on the Judiciary shall submit changes in 
laws within its jurisdiction sufficient to reduce the 
deficit by $100,000,000 for the period of fiscal years 
2012 and 2013; by $11,200,000,000 for the period 
of fiscal years 2012 through 2017; and by 
$39,700,000,000 for the period of fiscal years 2012 
through 2022. 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00043
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
(5) COMMITTEE ON OVERSIGHT AND GOVERN-
MENT REFORM.—The Committee on Oversight and 
Government Reform shall submit changes in laws 
within its jurisdiction sufficient to reduce the deficit 
by $2,200,000,000 for the period of fiscal years 
2012 and 2013; by $30,100,000,000 for the period 
of fiscal years 2012 through 2017; and by 
$78,900,000,000 for the period of fiscal years 2012 
through 2022. 
(6) COMMITTEE ON WAYS AND MEANS.—The 
Committee on Ways and Means shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by $1,200,000,000 for the period 
of fiscal years 2012 and 2013; by $23,000,000,000 
for the period of fiscal years 2012 through 2017; 
and by $53,000,000,000 for the period of fiscal 
years 2012 through 2022. 
SEC. 202. DIRECTIVE TO THE COMMITTEE ON THE BUDGET 
OF THE HOUSE OF REPRESENTATIVES TO RE-
PLACE THE SEQUESTER ESTABLISHED BY 
THE BUDGET CONTROL ACT OF 2011. 
(a) SUBMISSION.—In the House, the Committee on 
the Budget shall report to the House a bill carrying out 
the directions set forth in subsection (b). 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00044
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
(b) DIRECTIONS.—The bill referred to in subsection 
(a) shall include the following provisions: 
(1) REPLACING THE SEQUESTER ESTABLISHED 
BY THE BUDGET CONTROL ACT OF 2011.—The lan-
guage shall amend section 251A of the Balanced 
Budget and Emergency Deficit Control Act of 1985 
to replace the sequester established under that sec-
tion consistent with this concurrent resolution. 
(2) APPLICATION OF PROVISIONS.—The bill re-
ferred to in subsection (a) shall include language 
making its application contingent upon the enact-
ment of the reconciliation bill referred to in section 
201. 
TITLE III—RECOMMENDED LEV-
ELS AND AMOUNTS FOR FIS-
CAL YEARS 2030, 2040, AND 
2050 
SEC. 301. POLICY STATEMENT ON LONG-TERM BUDGETING. 
The following are the recommended budget levels for 
each of fiscal years 2030, 2040, and 2050 as a percent 
of the gross domestic product of the United States: 
(1) FEDERAL REVENUES.—The appropriate lev-
els of Federal revenues are as follows: 
Fiscal year 2030: 19 percent. 
Fiscal year 2040: 19 percent. 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00045
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
TITLE V—BUDGET 
ENFORCEMENT 
SEC. 501. LIMITATION ON ADVANCE APPROPRIATIONS. 
(a) IN GENERAL.—In the House, except as provided 
in subsection (b), any bill or joint resolution, or an amend-
ment thereto or conference report thereon, making a gen-
eral appropriation 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 2014, the aggre-
gate amount of advance appropriation shall not exceed— 
(1) $54,462,000,000 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. 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00049
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
(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 2014. 
SEC. 502. CONCEPTS AND DEFINITIONS. 
Upon the enactment of any bill or joint resolution 
providing for a change in budgetary concepts or defini-
tions, the chair of the Committee on the Budget may ad-
just any appropriate levels and allocations in this resolu-
tion accordingly. 
SEC. 503. 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 2012 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 
2013 and for the period of fiscal years 2013 through 
2022. 
(b) ADJUSTMENTS.—(1) The chair of the Committee 
on the Budget may adjust the allocations and aggregates 
of this concurrent resolution for— 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00050
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
(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; 
(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 provisions repeal-
ing the tax increases set forth in the Patient Protec-
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00051
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
tion and Affordable Care Act and the Health Care 
and Education Affordability Reconciliation Act of 
2010; 
(H) the budgetary effects of provisions reform-
ing the Patient Protection and Affordable Care Act 
and the Health Care and Education Affordability 
Reconciliation Act of 2010; and 
(I) the budgetary effects of measures reforming 
the tax code and lowering tax rates. 
(2) A measure does not qualify for adjustments under 
paragraph (1)(H) if it— 
(A) increases the deficit over the period of fiscal 
years 2013 through 2022; or 
(B) increases revenues over the period of fiscal 
years 2013 through 2022, other than by— 
(i) repealing or modifying the individual 
mandate (codified as section 5000A of the In-
ternal Revenue Code of 1986); or 
(ii) modifying the subsidies to purchase 
health insurance (codified as section 36B of the 
Internal Revenue Code of 1986). 
(c) OTHER ADJUSTMENTS.—If a committee (other 
than the Committee on Appropriations) reports a bill or 
joint resolution, or an amendment thereto or a conference 
report thereon, providing for a decrease in direct spending 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00052
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
(budget authority and outlays flowing therefrom) for any 
fiscal year and also provides for an authorization of appro-
priations for the same purpose, upon the enactment of 
such measure, the chair of the Committee on the Budget 
may decrease the allocation to such committee and in-
crease the allocation of discretionary spending (budget au-
thority and outlays flowing therefrom) to the Committee 
on Appropriations for fiscal year 2013 by an amount equal 
to the new budget authority (and outlays flowing there-
from) provided for in a bill or joint resolution making ap-
propriations for the same purpose. 
(d) DETERMINATIONS.—For the purpose of enforcing 
this concurrent resolution on the budget in the House, the 
allocations and aggregate levels of new budget authority, 
outlays, direct spending, new entitlement authority, reve-
nues, deficits, and surpluses for fiscal year 2013 and the 
period of fiscal years 2013 through fiscal year 2022 shall 
be determined on the basis of estimates made by the chair 
of the Committee on the Budget and such chair may ad-
just the applicable levels of this resolution. 
SEC. 504. LIMITATION ON LONG-TERM SPENDING. 
(a) IN GENERAL.—In the House, it shall not be in 
order to consider a bill or joint resolution reported by a 
committee (other than the Committee on Appropriations), 
or an amendment thereto or a conference report thereon, 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00053
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
if the provisions of such measure have the net effect of 
increasing direct spending in excess of $5,000,000,000 for 
any period described in subsection (b). 
(b) TIME PERIODS.—The applicable periods for pur-
poses of this section are any of the first four consecutive 
ten fiscal-year periods beginning with fiscal year 2023. 
SEC. 505. 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-
tions 302(f) and 311 of the Congressional Budget Act of 
1974, estimates of the level of total new budget authority 
and total outlays provided by a measure shall include any 
off-budget discretionary amounts. 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00054
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
(c) ADJUSTMENTS.—The chair of the Committee on 
the Budget may adjust allocations and aggregates for leg-
islation reported by the Committee on Oversight and Gov-
ernment Reform that reforms the Federal retirement sys-
tem, but does not cause a net increase in the deficit for 
fiscal year 2013 and the period of fiscal years 2013 to 
2022. 
SEC. 506. 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) EXEMPTIONS.—Any legislation for which the 
chair of the Committee on the Budget makes adjustments 
in the allocations or aggregates of this concurrent resolu-
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00055
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
tion 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 504. 
SEC. 507. CONGRESSIONAL BUDGET OFFICE ESTIMATES. 
(a) FAIR VALUE ESTIMATES.— 
(1) 
REQUEST
FOR
SUPPLEMENTAL
ESTI-
MATES.—Upon the request of the chair or ranking 
member of the Committee on the Budget, any esti-
mate 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. 
(2) 
ENFORCEMENT.—If 
the 
Congressional 
Budget Office provides an estimate pursuant to sub-
section (a), the chair of the Committee on the Budg-
et may use such estimate to determine compliance 
with the Congressional Budget Act of 1974 and 
other budgetary enforcement controls. 
(b) BUDGETARY EFFECTS OF THE NATIONAL FLOOD 
INSURANCE PROGRAM.—The Congressional Budget Office 
shall estimate the change in net income to the National 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00056
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
Flood Insurance Program by this Act if such income is 
included in a reconciliation bill provided for in section 201, 
as if such income were deposited in the general fund of 
the Treasury. 
SEC. 508. BUDGET RULE RELATING TO TRANSFERS FROM 
THE GENERAL FUND OF THE TREASURY TO 
THE HIGHWAY TRUST FUND THAT INCREASE 
PUBLIC INDEBTEDNESS. 
For purposes of the Congressional Budget Act of 
1974, the Balanced Budget and Emergency Deficit Con-
trol Act of 1985, or the Rules of the House of Representa-
tives, a bill or joint resolution, or an amendment thereto 
or conference report thereon, or any Act that transfers 
funds from the general fund of the Treasury to the High-
way Trust Fund shall be counted as new budget authority 
and outlays equal to the amount of the transfer in the 
fiscal year the transfer occurs. 
SEC. 509. SEPARATE ALLOCATION FOR OVERSEAS CONTIN-
GENCY OPERATIONS/GLOBAL WAR ON TER-
RORISM. 
(a) ALLOCATION.—In the House, there shall be a sep-
arate allocation to the Committee on Appropriations for 
overseas contingency operations and the global war on ter-
rorism. For purposes of enforcing such separate allocation 
under section 302(f) of the Congressional Budget Act of 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00057
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
1974, the ‘‘first fiscal year’’ and the ‘‘total of fiscal years’’ 
shall be deemed to refer to fiscal year 2013. Such separate 
allocation shall be the exclusive allocation for overseas con-
tingency operations and the global war on terrorism under 
section 302(a) of such Act. Section 302(c) of such Act 
does not apply to such separate allocation. The Committee 
on Appropriations may provide suballocations of such sep-
arate allocation under section 302(b) of such Act. Spend-
ing that counts toward the allocation established by this 
section 
shall 
be 
designated 
pursuant 
to 
section 
251(b)(2)(A)(ii) of the Balanced Budget and Emergency 
Deficit Control Act of 1985. 
(b) ADJUSTMENT.—In the House, for purposes of 
subsection (a) for fiscal year 2013, no adjustment shall 
be made under section 314(a) of the Congressional Budget 
Act of 1974 if any adjustment would be made under sec-
tion 251(b)(2)(A)(ii) of the Balanced Budget and Emer-
gency Deficit Control Act of 1985. 
SEC. 510. 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 of 
Representatives, and these rules shall supersede 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00058
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS
HCON 112 PCS 
other rules only to the extent that they are incon-
sistent 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. 
TITLE VI—POLICY 
SEC. 601. POLICY STATEMENT ON MEDICARE. 
(a) FINDINGS.—The House finds the following: 
(1) More than 50 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 
VerDate Mar 15 2010 
01:28 Apr 17, 2012
Jkt 019200
PO 00000
Frm 00059
Fmt 6652
Sfmt 6201
E:\BILLS\HC112.PCS
HC112
rfrederick on DSK6VPTVN1PROD with BILLS