tion. In preparing this report, the Director of the Congres-
sional Budget Office shall combine actual budget figures 
to date with projected revenue and spending for the bal-
ance of the fiscal year. The Director of the Congressional 
Budget Office shall include any other information in this 
report that it deems useful for a full understanding of the 
current fiscal position of the Government. The reports 
mandated by this subsection shall be transmitted by the 
Director to the Senate and House Committees on the 
Budget, and the Congressional Budget Office shall make 
such reports available to any interested party upon re-
quest.’’. 
(j) COMPLETION OF HOUSE ACTION ON REGULAR 
APPROPRIATION BILLS.—Section 309 of such Act (2 
U.S.C. 640) is amended— 
(1) by striking ‘‘It’’ and inserting ‘‘Except 
whenever section 300(b) is applicable, it’’; 
(2) by inserting ‘‘of any odd-numbered calendar 
year’’ after ‘‘July’’; 
(3) by striking ‘‘annual’’ and inserting ‘‘bien-
nial’’; and 
(4) by striking ‘‘fiscal year’’ and inserting ‘‘bi-
ennium’’. 
(k) RECONCILIATION PROCESS.—Section 310 of such 
Act (2 U.S.C. 641) is amended— 
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(1) in subsection (a), in the matter preceding 
paragraph (1), by striking ‘‘any fiscal year’’ and in-
serting ‘‘any biennium’’; 
(2) in subsection (a)(1), by striking ‘‘such fiscal 
year’’ each place it appears and inserting ‘‘any fiscal 
year covered by such resolution’’; and 
(3) by striking subsection (f) and redesignating 
subsection (g) as subsection (f). 
(l) SECTION 311 POINT OF ORDER.— 
(1) IN THE HOUSE.—Section 311(a)(1) of such 
Act (2 U.S.C. 642(a)) is amended— 
(A) by striking ‘‘for a fiscal year’’ and in-
serting ‘‘for a biennium’’; 
(B) by striking ‘‘the first fiscal year’’ each 
place it appears and inserting ‘‘either fiscal 
year of the biennium’’; and 
(C) by striking ‘‘that first fiscal year’’ and 
inserting ‘‘each fiscal year in the biennium’’. 
(2) IN
THE
SENATE.—Section 311(a)(2) of 
such Act is amended— 
(A) in subparagraph (A), by striking ‘‘for 
the first fiscal year’’ and inserting ‘‘for either 
fiscal year of the biennium’’; and 
(B) in subparagraph (B)— 
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(i) by striking ‘‘that first fiscal year’’ 
the first place it appears and inserting 
‘‘each fiscal year in the biennium’’; and 
(ii) by striking ‘‘that first fiscal year 
and the ensuing fiscal years’’ and inserting 
‘‘all fiscal years’’. 
(3) 
SOCIAL
SECURITY
LEVELS.—Section 
311(a)(3) of such Act is amended by— 
(A) striking ‘‘for the first fiscal year’’ and 
inserting ‘‘each fiscal year in the biennium’’; 
and 
(B) striking ‘‘that fiscal year and the ensu-
ing fiscal years’’ and inserting ‘‘all fiscal 
years’’. 
(m) 
MAXIMUM
DEFICIT
AMOUNT
POINT
OF 
ORDER.—Section 312(c) of the Congressional Budget Act 
of 1974 (2 U.S.C. 643) is amended— 
(1) by striking ‘‘for a fiscal year’’ and inserting 
‘‘for a biennium’’; 
(2) in paragraph (1), by striking ‘‘first fiscal 
year’’ and inserting ‘‘either fiscal year in the bien-
nium’’; 
(3) in paragraph (2), by striking ‘‘that fiscal 
year’’ and inserting ‘‘either fiscal year in the bien-
nium’’; and 
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(4) in the matter following paragraph (2), by 
striking ‘‘that fiscal year’’ and inserting ‘‘the appli-
cable fiscal year’’. 
SEC. 124. AMENDMENTS TO RULES OF THE HOUSE OF REP-
RESENTATIVES. 
(a) Clause 4(a)(1)(A) of rule X of the Rules of the 
House of Representatives is amended by inserting ‘‘odd- 
numbered’’ after ‘‘each’’. 
(b) Clause 4(a)(4) of rule X of the Rules of the House 
of Representatives is amended by striking ‘‘fiscal year’’ 
and inserting ‘‘biennium’’. 
(c) Clause 4(b)(2) of rule X of the Rules of the House 
of Representatives is amended by striking ‘‘each fiscal 
year’’ and inserting ‘‘the biennium’’. 
(d) Clause 4(b) of rule X of the Rules of the House 
of Representatives is amended by striking ‘‘and’’ at the 
end of subparagraph (5), by striking the period and insert-
ing ‘‘; and’’ at the end of subparagraph (6), and by adding 
at the end the following new subparagraph: 
‘‘(7) use the second session of each Congress to 
study issues with long-term budgetary and economic 
implications, which would include— 
‘‘(A) hold hearings to receive testimony 
from committees of jurisdiction to identify prob-
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lem areas and to report on the results of over-
sight; and 
‘‘(B) by January 1 of each odd-number 
year, issuing a report to the Speaker which 
identifies the key issues facing the Congress in 
the next biennium.’’. 
(e) Clause 4(e) of rule X of the Rules of the House 
of Representatives is amended by striking ‘‘annually’’ each 
place it appears and inserting ‘‘biennially’’ and by striking 
‘‘annual’’ and inserting ‘‘biennial’’. 
(f) Clause 4(f) of rule X of the Rules of the House 
of Representatives is amended— 
(1) by inserting ‘‘during each odd-numbered 
year’’ after ‘‘submits his budget’’; 
(2) by striking ‘‘fiscal year’’ the first place it 
appears and inserting ‘‘biennium’’; and 
(3) by striking ‘‘that fiscal year’’ and inserting 
‘‘each fiscal year in such ensuing biennium’’. 
(g) Clause 11(i) of rule X of the Rules of the House 
of Representatives is amended by striking ‘‘during the 
same or preceding fiscal year’’. 
(h) Clause 3(d)(2)(A) of rule XIII of the Rules of 
the House of Representatives is amended by striking 
‘‘five’’ both places it appears and inserting ‘‘six’’. 
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