† HCON 71 EAS 
subsection 
(a) 
if 
designated 
pursuant 
to 
section 
251(b)(2)(A)(ii) of the Balanced Budget and Emergency 
Deficit Control Act of 1985. 
(e) ADJUSTMENTS.—For purposes of subsection (a) for 
fiscal year 2018, no adjustment shall be made under section 
314(a) of the Congressional Budget Act of 1974 if any ad-
justment would be made under section 251(b)(2)(A)(ii) of 
the Balanced Budget and Emergency Deficit Control Act 
of 1985. 
SEC. 5103. LIMITATION ON CHANGES IN CERTAIN MANDA-
TORY PROGRAMS. 
(a) DEFINITION.—In this section, the term ‘‘change in 
mandatory programs’’ means a provision that— 
(1) would have been estimated as affecting direct 
spending or receipts under section 252 of the Bal-
anced Budget and Emergency Deficit Control Act of 
1985 (as in effect prior to September 30, 2002) if the 
provision were included in legislation other than ap-
propriation Acts; and 
(2) results in a net decrease in budget authority 
in the budget year, but does not result in a net de-
crease in outlays over the total of the current year, the 
budget year, and all fiscal years covered under the 
most recently agreed to concurrent resolution on the 
budget.
† HCON 71 EAS 
(b) POINT OF ORDER IN THE HOUSE OF REPRESENTA-
TIVES.— 
(1) IN GENERAL.—A provision in a bill or joint 
resolution making appropriations for a full fiscal 
year that proposes a change in mandatory programs 
that, if enacted, would cause the absolute value of the 
total budget authority of all such changes in manda-
tory programs enacted in relation to a full fiscal year 
to be more than the amount specified in paragraph 
(3), shall not be in order in the House of Representa-
tives. 
(2) AMENDMENTS AND CONFERENCE REPORTS.— 
It shall not be in order in the House of Representa-
tives to consider an amendment to, or a conference re-
port on, a bill or joint resolution making appropria-
tions for a full fiscal year if such amendment thereto 
or conference report thereon proposes a change in 
mandatory programs that, if enacted, would cause the 
absolute value of the total budget authority of all such 
changes in mandatory programs enacted in relation 
to a full fiscal year to be more than the amount speci-
fied in paragraph (3). 
(3) AMOUNT.—The amount specified in this 
paragraph is— 
(A) for fiscal year 2018, $19,100,000,000;
100 
† HCON 71 EAS 
(B) for fiscal year 2019, $17,000,000,000; 
and 
(C) for fiscal year 2020, $15,000,000,000. 
(c) DETERMINATION.—For purposes of this section, 
budgetary levels shall be determined on the basis of esti-
mates provided by the chair of the Committee on the Budget 
of the House of Representatives. 
SEC. 5104. LIMITATION ON ADVANCE APPROPRIATIONS. 
(a) IN GENERAL.—In the House of Representatives, ex-
cept as provided for in subsection (b), any general appro-
priation bill or bill or joint resolution continuing appro-
priations, or amendment thereto or conference report there-
on, may not provide advance appropriations. 
(b) EXCEPTIONS.—An advance appropriation may be 
provided for programs, projects, activities, or accounts iden-
tified in the report or the joint explanatory statement of 
managers, as applicable, accompanying this concurrent res-
olution under the following headings: 
(1) GENERAL.—‘‘Accounts Identified for Advance 
Appropriations’’. 
(2) VETERANS.—‘‘Veterans Accounts Identified 
for Advance Appropriations’’. 
(c) LIMITATIONS.—The aggregate level of advance ap-
propriations shall not exceed the following:
101 
† HCON 71 EAS 
(1) GENERAL.—$28,852,000,000 in new budget 
authority for all programs identified pursuant to sub-
section (b)(1). 
(2) VETERANS.—$70,699,313,000 in new budget 
authority for programs in the Department of Veterans 
Affairs identified pursuant to subsection (b)(2). 
(d) DEFINITION.—In this section, the term ‘‘advance 
appropriation’’ means any new discretionary budget au-
thority provided in a general appropriation bill or joint 
resolution continuing appropriations for fiscal year 2018, 
or any amendment thereto or conference report thereon, that 
first becomes available for the first fiscal year following fis-
cal year 2018. 
SEC. 5105. ESTIMATES OF DEBT SERVICE COSTS. 
In the House of Representatives, the chair of the Com-
mittee on the Budget may direct the Congressional Budget 
Office to include, in any estimate prepared under section 
402 of the Congressional Budget Act of 1974 with respect 
to any bill or joint resolution, an estimate of any change 
in debt service costs resulting from carrying out such bill 
or resolution. Any estimate of debt service costs provided 
under this section shall be advisory and shall not be used 
for purposes of enforcement of such Act, the Rules of the 
House of Representatives, or this concurrent resolution. 
This section shall not apply to authorizations of programs
102 
† HCON 71 EAS 
funded by discretionary spending or to appropriation bills 
or joint resolutions, but shall apply to changes in the au-
thorization level of appropriated entitlements. 
SEC. 5106. FAIR-VALUE CREDIT ESTIMATES. 
(a) ALL CREDIT PROGRAMS.—Whenever the Director 
of the Congressional Budget Office provides an estimate of 
any measure that establishes or modifies any program pro-
viding loans or loan guarantees, the Director shall also, to 
the extent practicable, provide a fair-value estimate of such 
loan or loan guarantee program if requested by the chair 
of the Committee on the Budget of the House of Representa-
tives. 
(b) STUDENT FINANCIAL ASSISTANCE AND HOUSING 
PROGRAMS.—The Director of the Congressional Budget Of-
fice shall provide, to the extent practicable, a fair-value esti-
mate as part of any estimate for any measure that estab-
lishes or modifies a loan or loan guarantee program for stu-
dent financial assistance or housing (including residential 
mortgage). 
(c) BASELINE ESTIMATES.—The Congressional Budget 
Office shall include estimates, on a fair-value and credit 
reform basis, of loan and loan guarantee programs for stu-
dent financial assistance, housing (including residential 
mortgage), and such other major loan and loan guarantee
103 
† HCON 71 EAS 
programs, as practicable, in its The Budget and Economic 
Outlook: 2018 to 2027. 
(d) ENFORCEMENT IN THE HOUSE OF REPRESENTA-
TIVES.—If the Director of the Congressional Budget Office 
provides an estimate pursuant to subsection (a) or (b), the 
chair of the Committee on the Budget of the House of Rep-
resentatives may use such estimate to determine compliance 
with the Congressional Budget Act of 1974 and other budget 
enforcement requirements. 
SEC. 5107. ESTIMATES OF MACROECONOMIC EFFECTS OF 
MAJOR LEGISLATION. 
(a) CBO AND JCT ESTIMATES.—During the 115th 
Congress, any estimate of major legislation considered in 
the House of Representatives provided by the Congressional 
Budget Office under section 402 of the Congressional Budget 
Act of 1974 or by the Joint Committee on Taxation to the 
Congressional Budget Office under section 201(f) of such 
Act shall, to the extent practicable, incorporate the budg-
etary effects of changes in economic output, employment, 
capital stock, and other macroeconomic variables resulting 
from such major legislation. 
(b) CONTENTS.—Any estimate referred to in subsection 
(a) shall, to the extent practicable, include— 
(1) a qualitative assessment of the budgetary ef-
fects (including macroeconomic variables described in
104 
† HCON 71 EAS 
subsection (a)) of the major legislation in the 20-fiscal 
year period beginning after the last fiscal year of the 
most recently agreed to concurrent resolution on the 
budget that sets forth budgetary levels required under 
section 301 of the Congressional Budget Act of 1974; 
and 
(2) an identification of the critical assumptions 
and the source of data underlying that estimate. 
(c) DEFINITIONS.—In this section: 
(1) MAJOR LEGISLATION.—The term ‘‘major leg-
islation’’ means a bill or joint resolution, or amend-
ment thereto or conference report thereon— 
(A) for which an estimate is required to be 
prepared pursuant to section 402 of the Congres-
sional Budget Act of 1974 (2 U.S.C. 653) and 
that causes a gross budgetary effect (before incor-
porating macroeconomic effects and not includ-
ing timing shifts) in a fiscal year in the period 
of years of the most recently agreed to concurrent 
resolution on the budget equal to or greater than 
0.25 percent of the current projected gross domes-
tic product of the United States for that fiscal 
year; or 
(B) designated as such by—
105 
† HCON 71 EAS 
(i) the chair of the Committee on the 
Budget of the House of Representatives for 
all direct spending legislation; or 
(ii) the Member who is Chairman or 
Vice Chairman of the Joint Committee on 
Taxation for revenue legislation. 
(2) BUDGETARY EFFECTS.—The term ‘‘budgetary 
effects’’ means changes in revenues, direct spending 
outlays, and deficits. 
(3) TIMING SHIFTS.—The term ‘‘timing shifts’’ 
means— 
(A) provisions that cause a delay of the date 
on which outlays flowing from direct spending 
would otherwise occur from one fiscal year to the 
next fiscal year; or 
(B) provisions that cause an acceleration of 
the date on which revenues would otherwise occur 
from one fiscal year to the prior fiscal year. 
SEC. 5108. ADJUSTMENTS FOR IMPROVED CONTROL OF 
BUDGETARY RESOURCES. 
(a) ADJUSTMENTS OF DISCRETIONARY AND DIRECT 
SPENDING LEVELS.—In the House of Representatives, if a 
committee (other than the Committee on Appropriations) 
reports a bill or joint resolution, or an amendment thereto 
is offered or conference report thereon is submitted, pro-
106 
† HCON 71 EAS 
viding for a decrease in direct spending (budget authority 
and outlays flowing therefrom) for any fiscal year and also 
provides for an authorization of appropriations for the 
same purpose, upon the enactment of such measure, the 
chair of the Committee on the Budget may decrease the allo-
cation to the applicable authorizing committee that reports 
such measure and increase the allocation of discretionary 
spending (budget authority and outlays flowing therefrom) 
to the Committee on Appropriations for fiscal year 2018 
by an amount equal to the new budget authority (and out-
lays flowing therefrom) provided for in a bill or joint reso-
lution making appropriations for the same purpose. 
(b) DETERMINATIONS.—In the House of Representa-
tives, for purposes of enforcing this concurrent resolution, 
the allocations and aggregate levels of new budget authority, 
outlays, direct spending, revenues, deficits, and surpluses 
for fiscal year 2018 and the total of fiscal years 2018 
through 2027 shall be determined on the basis of estimates 
made by the chair of the Committee on the Budget and such 
chair may adjust the applicable levels in this concurrent 
resolution. 
SEC. 5109. SCORING RULE FOR ENERGY SAVINGS PERFORM-
ANCE CONTRACTS. 
(a) IN GENERAL.—The Director of the Congressional 
Budget Office shall estimate provisions of any bill or joint
107 
† HCON 71 EAS 
resolution, or amendment thereto or conference report there-
on, that provides the authority to enter into or modify any 
covered energy savings contract on a net present value basis 
(NPV). 
(b) NPV CALCULATIONS.—The net present value of 
any covered energy savings contract shall be calculated as 
follows: 
(1) The discount rate shall reflect market risk. 
(2) The cash flows shall include, whether classi-
fied as mandatory or discretionary, payments to con-
tractors under the terms of their contracts, payments 
to contractors for other services, and direct savings in 
energy and energy-related costs. 
(3) The stream of payments shall cover the pe-
riod covered by the contracts but not to exceed 25 
years. 
(c) DEFINITION.—As used in this section, the term 
‘‘covered energy savings contract’’ means— 
(1) an energy savings performance contract au-
thorized under section 801 of the National Energy 
Conservation Policy Act; or 
(2) a utility energy service contract, as described 
in the Office of Management and Budget Memo-
randum on Federal Use of Energy Savings Perform-
ance Contracting, dated July 25, 1998 (M–98–13),
108 
† HCON 71 EAS 
and the Office of Management and Budget Memo-
randum on the Federal Use of Energy Saving Per-
formance Contracts and Utility Energy Service Con-
tracts, dated September 28, 2015 (M–12–21), or any 
successor to either memorandum. 
(d) ENFORCEMENT IN THE HOUSE OF REPRESENTA-
TIVES.—In the House of Representatives, if any net present 
value of any covered energy savings contract calculated 
under subsection (b) results in a net savings, then the budg-
etary effects of such contract shall not be counted for pur-
poses of titles III and IV of the Congressional Budget Act 
of 1974, this concurrent resolution, or clause 10 of rule XXI 
of the Rules of the House of Representatives. 
(e) CLASSIFICATION OF SPENDING.—For purposes of 
budget enforcement, the estimated net present value of the 
budget authority provided by the measure, and outlays 
flowing therefrom, shall be classified as direct spending. 
(f) SENSE OF THE HOUSE OF REPRESENTATIVES.— 
It is the sense of the House of Representatives that— 
(1) the Director of the Office of Management and 
Budget, in consultation with the Director of the Con-
gressional Budget Office, should separately identify 
the cash flows under subsection (b)(2) and include 
such information in the President’s annual budget
109 
† HCON 71 EAS 
submission under section 1105(a) of title 31, United 
States Code; and 
(2) the scoring method used in this section 
should not be used to score any contracts other than 
covered energy savings contracts. 
SEC. 5110. LIMITATION ON TRANSFERS FROM THE GEN-
ERAL FUND OF THE TREASURY TO THE HIGH-
WAY TRUST FUND. 
In the House of Representatives, for purposes of the 
Congressional Budget Act of 1974, the Balanced Budget and 
Emergency Deficit Control Act of 1985, and the rules or 
orders of the House of Representatives, a bill or joint resolu-
tion, or an amendment thereto or conference report thereon, 
that transfers funds from the general fund of the Treasury 
to the Highway 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. 5111. PROHIBITION ON USE OF FEDERAL RESERVE 
SURPLUSES AS AN OFFSET. 
In the House of Representatives, any provision of a 
bill or joint resolution, or amendment thereto or conference 
report thereon, that transfers any portion of the net surplus 
of the Federal Reserve System to the general fund of the 
Treasury shall not be counted for purposes of enforcing the 
Congressional Budget Act of 1974, this concurrent resolu-