Title: Bipartisan Congressional Budget Reform Act
Policy area: Economics and Public Finance

Summary:
Bipartisan Congressional Budget Reform Act
This bill makes several modifications to the federal budget process, including the procedures for considering congressional budget resolutions and adjusting the debt limit.
Among other modifications, the bill includes provisions that

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2765 Introduced in Senate (IS)]

<DOC>






116th CONGRESS
  1st Session
                                S. 2765

    To improve Federal fiscal controls and the congressional budget 
                                process.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 31, 2019

  Mr. Enzi (for himself, Mr. Whitehouse, Mr. Grassley, Mr. Kaine, Mr. 
 Crapo, Mr. King, Mr. Graham, Mr. Coons, Mr. Barrasso, Mr. Blunt, Mr. 
Johnson, Mr. Perdue, Mr. Kennedy, Mr. Cramer, and Mr. Braun) introduced 
the following bill; which was read twice and referred to the Committee 
                             on the Budget

_______________________________________________________________________

                                 A BILL


 
    To improve Federal fiscal controls and the congressional budget 
                                process.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bipartisan Congressional Budget 
Reform Act''.

SEC. 2. TABLE OF CONTENTS.

    The table of contents for this Act is as follows:

Sec. 1. Short title.
Sec. 2. Table of contents.
                TITLE I--BUDGET TIMELINE AND INFORMATION

Sec. 101. Revision of timetable.
Sec. 102. Budget submissions by the President.
Sec. 103. Baseline construction.
Sec. 104. Report on debt to GDP targets.
   TITLE II--BIENNIAL BUDGETING, CONTENTS OF BUDGET RESOLUTION, AND 
                           BIPARTISAN BUDGETS

Sec. 201. Biennial budgeting generally.
Sec. 202. Contents of concurrent resolution on the budget.
Sec. 203. Additional matters relating to concurrent resolution.
Sec. 204. Committee allocations.
Sec. 205. Section 303 point of order.
Sec. 206. Permissible revisions of concurrent resolutions on the 
                            budget.
Sec. 207. Procedures for consideration of budget resolutions.
Sec. 208. Completion of House action on appropriation bills.
Sec. 209. Reconciliation process.
Sec. 210. Section 311 point of order.
Sec. 211. Maximum deficit amount point of order.
         TITLE III--COMMITTEE ON FISCAL CONTROL AND THE BUDGET

Sec. 301. Committee on Fiscal Control and the Budget of the Senate.
Sec. 302. Technical and conforming amendments.
Sec. 303. References.
             TITLE IV--SPECIAL RECONCILIATION INSTRUCTIONS

Sec. 401. Special reconciliation instructions.
      TITLE V--CONGRESSIONAL BUDGET ENFORCEMENT AND ACCOUNTABILITY

Sec. 501. Up-to-date tabulations of congressional budget action.
Sec. 502. Surgical strike point of order relating to legislation 
                            dealing with the congressional budget.
Sec. 503. Global waiver for general budget points of order.
Sec. 504. Effective date.
                           TITLE VI--REPORTS

Sec. 601. Reports to the Committee on Fiscal Control and the Budget of 
                            the Senate and the Committee on the Budget 
                            of the House of Representatives.
Sec. 602. Reporting on interest effects and budgetary effects.
Sec. 603. Portfolio budgeting.
Sec. 604. Budget contents and submission to Congress.
     TITLE VII--MODIFICATION OF CONSIDERATION OF BUDGET RESOLUTION

Sec. 701. Modification of consideration of budget resolution.
                       TITLE VIII--EFFECTIVE DATE

Sec. 801. Effective date; applicability.

                TITLE I--BUDGET TIMELINE AND INFORMATION

SEC. 101. REVISION OF TIMETABLE.

    Section 300 of the Congressional Budget Act of 1974 (2 U.S.C. 631) 
is amended to read as follows:

``SEC. 300. TIMETABLE.

    ``(a) In General.--Except as provided in subsection (b), the 
timetable with respect to the congressional budget process for any 
Congress is as follows:


                                                 ``First Session
On or before:                             Action to be completed:
First Monday in February................  President submits budget recommendations.
February 15.............................  Congressional Budget Office submits report to the Committee on the
                                           Budget of the House of Representatives and the Committee on Fiscal
                                           Control and the Budget of the Senate.
March 1.................................  Committees submit views and estimates to the Committee on the Budget
                                           of the House of Representatives and the Committee on Fiscal Control
                                           and the Budget of the Senate.
April 1.................................  Committee on Fiscal Control and the Budget of the Senate reports
                                           concurrent resolution on the biennial budget.
May 15..................................  Congress completes action on concurrent resolution on the biennial
                                           budget.
May 15..................................  Appropriation bills may be considered in the House of Representatives.
June 10.................................  Committee on Appropriations of the House of Representatives reports
                                           last appropriation bill.
June 30.................................  House of Representatives completes action on appropriation bills.
October 1...............................  First fiscal year of biennium begins.
December 1..............................  President submits an administrative budget.
 



                                                ``Second Session
On or before:                             Action to be completed:
February 15.............................  Congressional Budget Office submits report to the Committee on the
                                           Budget of the House of Representatives and the Committee on Fiscal
                                           Control and the Budget of the Senate.
February 15.............................  Congressional Budget Office releases report on achieving debt to GDP
                                           ratio.
March 15................................  President submits budget update for the second fiscal year of the
                                           biennium.
April 15................................  Committee on Fiscal Control and the Budget of the Senate reports a
                                           special reconciliation resolution.
May 15..................................  Committees submit recommendations for special reconciliation bill.
May 15..................................  Appropriation bills may be considered in the House of Representatives.
June 10.................................  Committee on Appropriations of the House of Representatives reports
                                           last appropriation bill.
June 30.................................  House of Representatives completes action on appropriation bills.
July 30.................................  Congress completes action on special reconciliation bill.
October 1...............................  Second fiscal year of biennium begins
December 1..............................  President submits an administrative budget.
 

    ``(b) Special Rule for Certain First Sessions.--In the case of any 
first session of Congress that begins in any year immediately following 
a leap year and during which the term of a President (except a 
President who succeeds himself or herself) begins, the following dates 
shall supersede those set forth in subsection (a):


                                                 ``First Session
On or before:                             Action to be completed:
First Monday in April...................  President submits budget recommendations.
April 15................................  Congressional Budget Office submits report to the Committee on the
                                           Budget of the House of Representatives and the Committee on Fiscal
                                           Control and the Budget of the Senate.
May 1...................................  Committees submit views and estimates to the Committee on the Budget
                                           of the House of Representatives and the Committee on Fiscal Control
                                           and the Budget of the Senate.
June 1..................................  Committee on Fiscal Control and the Budget of the Senate reports
                                           concurrent resolution on the biennial budget.
June 15.................................  Congress completes action on concurrent resolution on the biennial
                                           budget.
June 15.................................  Appropriation bills may be considered in the House of Representatives.
June 30.................................  Committee on Appropriations of the House of Representatives reports
                                           last appropriation bill.
July 15.................................  House of Representatives completes action on appropriation bills.
October 1...............................  First fiscal year of biennium begins.
December 1..............................  President submits an administrative budget.''.
 

SEC. 102. BUDGET SUBMISSIONS BY THE PRESIDENT.

    (a) Definition.--Section 1101 of title 31, United States Code, is 
amended by adding at the end the following:
            ``(3) `biennium' has the meaning given that term in 
        paragraph (12) of section 3 of the Congressional Budget and 
        Impoundment Control Act of 1974 (2 U.S.C. 622).''.
    (b) Budget Contents and Submission to the Congress.--
            (1) Schedule.--The matter preceding paragraph (1) in 
        section 1105(a) of title 31, United States Code, is amended to 
        read as follows:
    ``(a) On or before the first Monday in February of each odd-
numbered year (or, if applicable under section 300(b) of the 
Congressional Budget Act of 1974 (2 U.S.C. 631(b)), the first Monday in 
April of an odd-numbered year), the President shall transmit to the 
Congress, the budget for the biennium beginning on October 1 of such 
calendar year. The budget of the United States Government transmitted 
under this subsection shall include a budget message and summary and 
supporting information. The President shall include in each budget the 
following:''.
            (2) Expenditures.--Section 1105(a)(5) of title 31, United 
        States Code, is amended by striking ``the fiscal year for which 
        the budget is submitted and the 4 fiscal years after that 
        year'' and inserting ``each fiscal year in the biennium for 
        which the budget is submitted and in the succeeding 4 fiscal 
        years''.
            (3) Receipts.--Section 1105(a)(6) of title 31, United 
        States Code, is amended by striking ``the fiscal year for which 
        the budget is submitted and the 4 fiscal years after that 
        year'' and inserting ``each fiscal year in the biennium for 
        which the budget is submitted and in the succeeding 4 years''.
            (4) Balance statements.--Section 1105(a)(9)(C) of title 31, 
        United States Code, is amended by striking ``the fiscal year'' 
        and inserting ``each fiscal year in the biennium''.
            (5) Functions and activities.--Section 1105(a)(12) of title 
        31, United States Code, is amended--
                    (A) in subparagraph (A), by striking ``the fiscal 
                year'' and inserting ``each fiscal year in the 
                biennium''; and
                    (B) in subparagraph (B), by striking ``that year'' 
                and inserting ``that biennium''.
            (6) Allowances.--Section 1105(a)(13) of title 31, United 
        States Code, is amended by striking ``the fiscal year'' and 
        inserting ``each fiscal year in the biennium''.
            (7) Allowances for uncontrolled expenditures.--Section 
        1105(a)(14) of title 31, United States Code, is amended by 
        striking ``that year'' and inserting ``each fiscal year in the 
        biennium for which the budget is submitted''.
            (8) Tax expenditures.--Section 1105(a)(16) of title 31, 
        United States Code, is amended by striking ``the fiscal year'' 
        and inserting ``each fiscal year in the biennium''.
            (9) Future years.--Section 1105(a)(17) of title 31, United 
        States Code, is amended--
                    (A) by striking ``the fiscal year following the 
                fiscal year'' and inserting ``each fiscal year in the 
                biennium following the biennium'';
                    (B) by striking ``that following fiscal year'' and 
                inserting ``each such fiscal year''; and
                    (C) by striking ``fiscal year before the fiscal 
                year'' and inserting ``biennium before the biennium''.
            (10) Prior year outlays.--Section 1105(a)(18) of title 31, 
        United States Code, is amended--
                    (A) by striking ``the prior fiscal year'' and 
                inserting ``each of the 2 most recently completed 
                fiscal years'';
                    (B) by striking ``for that year'' and inserting 
                ``with respect to those fiscal years''; and
                    (C) by striking ``in that year'' and inserting ``in 
                those fiscal years''.
            (11) Prior year receipts.--Section 1105(a)(19) of title 31, 
        United States Code, is amended--
                    (A) by striking ``the prior fiscal year'' and 
                inserting ``each of the 2 most recently completed 
                fiscal years'';
                    (B) by striking ``for that year'' and inserting 
                ``with respect to those fiscal years''; and
                    (C) by striking ``in that year'' each place it 
                appears and inserting ``in those fiscal years''.
            (12) Homeland security.--Section 1105(a)(35)(A)(i) of title 
        31, United States Code, is amended, in the matter preceding 
        subclause (I), by striking ``the fiscal years for which the 
        budget is submitted'' and inserting ``each fiscal year in the 
        biennium for which the budget is submitted''.
            (13) EESA.--Section 1105(a)(36) of title 31, United States 
        Code, is amended, in the matter preceding subparagraph (A), by 
        striking ``the fiscal year for which the budget is submitted'' 
        and inserting ``each fiscal year in the biennium for which the 
        budget is submitted''.
            (14) Veterans health.--Section 1105(a)(37) of title 31, 
        United States Code, is amended, in the matter preceding 
        subparagraph (A), by striking ``the fiscal year for which the 
        budget is submitted'' and inserting ``each fiscal year in the 
        biennium for which the budget is submitted''.
    (c) Recommendations To Meet Estimated Deficiencies.--Section 
1105(c) of title 31, United States Code, is amended--
            (1) by striking ``the fiscal year for'' the first place it 
        appears and inserting ``each fiscal year in the biennium for'';
            (2) by striking ``the fiscal year for'' the second place it 
        appears and inserting ``each fiscal year of the biennium, as 
        the case may be, for''; and
            (3) by striking ``for that year'' and inserting ``for each 
        fiscal year of the biennium''.
    (d) Capital Investment Analysis.--Section 1105(e)(1) of title 31, 
United States Code, is amended, in the matter preceding subparagraph 
(A), by striking ``ensuing fiscal year'' and inserting ``biennium to 
which such budget relates''.
    (e) Supplemental Budget Estimates and Changes.--
            (1) In general.--Section 1106(a) of title 31, United States 
        Code, is amended--
                    (A) in the matter preceding paragraph (1), by 
                striking ``fiscal year'' and inserting ``biennium'';
                    (B) in paragraph (1), in the matter preceding 
                subparagraph (A), by striking ``that fiscal year'' and 
                inserting ``each fiscal year in such biennium'';
                    (C) in paragraph (2), by striking ``fiscal year'' 
                and inserting ``biennium''; and
                    (D) in paragraph (3), by striking ``fiscal year'' 
                and inserting ``biennium''.
            (2) Changes.--Section 1106(b) of title 31, United States 
        Code, is amended by striking ``the fiscal year'' and inserting 
        ``each fiscal year in the biennium''.
    (f) Administrative Budget.--Section 1106 of title 31, United States 
Code, is amended by adding at the end the following:
    ``(d)(1) On or before December 1 of each calendar year, the 
President shall submit to Congress an administrative budget for the 
fiscal year beginning in the ensuing calendar year, which shall 
include--
            ``(A) up-to-date estimates for current year and prior year 
        data; and
            ``(B) credit reestimates for the current year (as included 
        in the Federal credit supplement of such budget).
    ``(2) Upon request of the Director of the Congressional Budget 
Office, agencies and other entities included within the budget shall 
immediately provide to the Congressional Budget Office all related 
backup tables and other supporting information, including underlying 
data, assumptions, and related information used in connection with 
creating the budget and estimates.''.
    (g) Current Programs and Activities Estimates.--Section 1109(a) of 
title 31, United States Code, is amended--
            (1) by striking ``On or before the first Monday after 
        January 3 of each year (on or before February 5 in 1986)'' and 
        inserting ``At the same time as the budget required by section 
        1105 is submitted for a biennium''; and
            (2) by striking ``the following fiscal year'' and inserting 
        ``each fiscal year of such period''.
    (h) Year-Ahead Requests for Authorizing Legislation.--Section 1110 
of title 31, United States Code, is amended by--
            (1) striking ``May 16'' and inserting ``March 31''; and
            (2) striking ``year before the year in which the fiscal 
        year begins'' and inserting ``calendar year preceding the 
        calendar year in which the biennium begins''.

SEC. 103. BASELINE CONSTRUCTION.

    Section 257(c) of the Balanced Budget and Emergency Deficit Control 
Act of 1985 (2 U.S.C. 907(c)) is amended to read as follows:
    ``(c) Exclusion of Exempted Spending.--For the budget year and each 
outyear, the baseline shall be calculated by assuming that 
appropriations receiving designations under section 251(b)(2)(A) or 
designations created through a concurrent resolution on the budget that 
exempts designated spending from enforcement under section 302 or 
section 311 of the Congressional Budget Act (2 U.S.C. 633, 642) shall 
not continue.''.

SEC. 104. REPORT ON DEBT TO GDP TARGETS.

    Section 202 of the Congressional Budget Act of 1974 (2 U.S.C. 602) 
is amended by adding at the end the following:
    ``(h) Report on Debt to GDP Target.--
            ``(1) In general.--Not later than February 15 of each even-
        numbered year, the Director shall make publicly available a 
        report estimating whether the target for the ratio of the debt 
        held by the public to the gross domestic product of the United 
        States by the end of the last fiscal year covered by the most 
        recently agreed to concurrent resolution on the budget will be 
        achieved.
            ``(2) Discretionary appropriations.--In producing each 
        estimate described in paragraph (1), the Director shall assume 
        discretionary appropriations are made available in the amounts 
        specified under the most recently agreed to concurrent 
        resolution on the budget.
            ``(3) Deficit reduction.--For each report made available 
        under paragraph (1), the Director--
                    ``(A) shall include an estimate of the level of 
                deficit reduction required to achieve the target for 
                the ratio of the debt held by the public to the gross 
                domestic product of the United States by the end of the 
                last fiscal year covered by the most recently agreed to 
                concurrent resolution on the budget; and
                    ``(B) in estimating the level of deficit reduction 
                required, shall account for interest effects by 
                reducing the target by the percentage equal to percent 
                of deficit reduction stemming from interest changes 
                assumed in the most recently agreed to concurrent 
                resolution on the budget.''.

   TITLE II--BIENNIAL BUDGETING, CONTENTS OF BUDGET RESOLUTION, AND 
                           BIPARTISAN BUDGETS

SEC. 201. BIENNIAL BUDGETING GENERALLY.

    (a) Declaration of Purpose.--Section 2(2) of the Congressional 
Budget and Impoundment Control Act of 1974 (2 U.S.C. 621(2)) is amended 
by striking ``each year'' and inserting ``biennially''.
    (b) Definitions.--
            (1) Budget resolution.--Section 3(4) of the Congressional 
        Budget and Impoundment Control Act of 1974 (2 U.S.C. 622(4)) is 
        amended by striking ``fiscal year'' each place it appears and 
        inserting ``biennium''.
            (2) Biennium.--Section 3 of the Congressional Budget and 
        Impoundment Control Act of 1974 (2 U.S.C. 622) is amended by 
        adding at the end the following:
            ``(12) The term `biennium' means the period of 2 
        consecutive fiscal years beginning on October 1 of any odd-
        numbered year.''.

SEC. 202. CONTENTS OF CONCURRENT RESOLUTION ON THE BUDGET.

    (a) Section Heading.--The section heading of section 301 of the 
Congressional Budget Act of 1974 (2 U.S.C. 632) is amended by striking 
``annual'' and inserting ``biennial''.
    (b) Contents of Resolution Generally.--Section 301(a) of the 
Congressional Budget Act of 1974 (2 U.S.C. 632(a)) is amended--
            (1) by striking the matter preceding paragraph (1) and 
        inserting the following:
    ``(a) Content of Concurrent Resolution on the Budget.--On or before 
May 15 of each odd-numbered year (or, if applicable under section 
300(b), June 15 of an odd-numbered year), Congress shall complete 
action on a concurrent resolution on the budget for the biennium 
beginning on October 1 of such year. The concurrent resolution shall--
'';
            (2) by redesignating paragraphs (1) through (7) as 
        subparagraphs (A) through (G), respectively, and adjusting the 
        margin accordingly;
            (3) by inserting before subparagraph (A), as so 
        redesignated, the following:
            ``(1) for any concurrent resolution on the budget, set 
        forth appropriate levels for each fiscal year in such biennium 
        and for at least each fiscal year of each of the ensuing 2 
        bienniums for the following--'';
            (4) in paragraph (1)(D), as so redesignated, by striking 
        ``paragraph (1)'' and inserting ``subparagraph (A)'';
            (5) in paragraph (1)(F), as so redesignated, by striking 
        ``for the fiscal year'' and inserting ``for each fiscal year in 
        the biennium'';
            (6) in paragraph (1)(G), as so redesignated--
                    (A) by striking ``for the fiscal year'' and 
                inserting ``for each fiscal year in the biennium''; and
                    (B) by striking the period at the end and inserting 
                a semicolon; and
            (7) by inserting before the matter following paragraph 
        (1)(G), as so redesignated, the following:
            ``(2) for any concurrent resolution on the budget, include, 
        in accordance with section 316, a clear statement of the 
        appropriate level for the debt subject to limit under section 
        3101 of title 31, United States Code, as of the end of the 
        second fiscal year of the biennium of the concurrent resolution 
        on the budget;''.
    (c) Bipartisan Budget Resolution.--
            (1) Definition.--Section 3 of the Congressional Budget and 
        Impoundment Control Act of 1974 (2 U.S.C. 622), as amended by 
        section 201, is further amended by adding at the end the 
        following:
            ``(13) The term `bipartisan budget resolution' means a 
        concurrent resolution on the budget for a biennium that--
                    ``(A) meets the requirements under section 301; and
                    ``(B) is ordered reported to the Senate by the 
                Committee on Fiscal Control and the Budget of the 
                Senate by an affirmative vote of not less than half of 
                the Senators that are members of the majority party in 
                the Senate and not less than half of the Senators that 
                are members of the minority party in the Senate.''.
            (2) Contents.--Section 301(a) of the Congressional Budget 
        Act of 1974 (2 U.S.C. 632(a)) is amended by inserting after 
        paragraph (2), as added by subsection (b) of this section, the 
        following:
            ``(3) for a bipartisan budget resolution, include--
                    ``(A) in accordance with section 316, a clear 
                statement of the appropriate level for the 
                discretionary spending limit for each fiscal year of 
                the biennium of the concurrent resolution on the 
                budget;
                    ``(B) the amount of health care spending by the 
                Government;
                    ``(C) the amount of tax expenditures;
                    ``(D) the amount of discretionary appropriations 
                (as defined in section 250 of the Balanced Budget and 
                Emergency Deficit Control Act of 1985 (2 U.S.C. 900)); 
                and
                    ``(E) the amount of revenues;''.
            (3) Consideration of bipartisan budget resolutions.--
        Section 305 of the Congressional Budget Act of 1974 (2 U.S.C. 
        636) is amended by adding at the end the following:
    ``(e) Procedures in the Senate for Bipartisan Budget Resolutions.--
            ``(1) Other expedited process.--
                    ``(A) In general.--Subject to subparagraph (B), in 
                the Senate, upon the agreement of the majority leader 
                and the minority leader, additional procedures to 
                expedite consideration of a bipartisan budget 
                resolution shall apply to consideration of the 
                bipartisan budget resolution. The majority leader shall 
                submit a written statement for the Congressional Record 
                reflecting any agreement described in this paragraph.
                    ``(B) Inclusion and exclusion.--An agreement 
                described in this paragraph--
                            ``(i) may include limiting the number of 
                        amendments upon which the Senate shall vote; 
                        and
                            ``(ii) may not include the waiver of any 
                        points of order.
            ``(2) Adoption.--
                    ``(A) In general.--In the Senate, a bipartisan 
                budget resolution shall only be agreed to--
                            ``(i) if it complies with section 3(13)(A); 
                        and
                            ``(ii) upon the affirmative vote of not 
                        less than--
                                    ``(I) three-fifths of the Members, 
                                duly chosen and sworn; and
                                    ``(II) 15 Members that are members 
                                of the minority party in the Senate.
                    ``(B) Not agreed to.--If a bipartisan budget 
                resolution is not agreed to in accordance with 
                subparagraph (A), the Senate shall be deemed to have 
                agreed to a motion to recommit the bipartisan budget 
                resolution to the Committee on Fiscal Control and the 
                Budget.
            ``(3) Conference reports and amendments between the 
        houses.--
                    ``(A) In general.--In the Senate, a conference 
                report or an amendment between the Houses on a 
                bipartisan budget resolution shall only be agreed to--
                            ``(i) if it complies with section 3(13)(A); 
                        and
                            ``(ii) upon the affirmative vote of not 
                        less than--
                                    ``(I) three-fifths of the Members, 
                                duly chosen and sworn; and
                                    ``(II) 15 Members that are members 
                                of the minority party in the Senate.
                    ``(B) Not agreed to.--If a conference report or an 
                amendment between the Houses on a bipartisan budget 
                resolution is not agreed to in accordance with 
                subparagraph (A), a motion to reconsider the conference 
                report or amendment between the Houses is in order in 
                accordance with rule XIII of the Standing Rules of the 
                Senate.''.
            (4) Reconciliation under bipartisan budget resolutions.--
        Section 310(e)(2) of the Congressional Budget Act of 1974 (2 
        U.S.C. 641(e)(2)) is amended--
                    (A) by inserting ``(A)'' before ``Debate''; and
                    (B) by adding at the end the following:
            ``(B) In the Senate, a reconciliation bill reported under 
        subsection (b) pursuant to reconciliation instructions in a 
        bipartisan budget resolution, a House amendment thereto, and a 
        conference report thereon shall be agreed to only upon the 
        affirmative vote of not less than--
                    ``(i) a majority of the Members voting, a quorum 
                being present; and
                    ``(ii) 15 Members that are members of the minority 
                party in the Senate.''.
            (5) Automatic adjustment of debt limit and statutory 
        caps.--Title III of the Congressional Budget Act of 1974 (2 
        U.S.C. 631 et seq.) is amended by adding at the end the 
        following:

``SEC. 316. AUTOMATIC ADJUSTMENT OF DEBT LIMIT AND STATUTORY CAPS.

    ``(a) Definition.--In this section, the term `covered concurrent 
resolution on the budget'--
            ``(1) means a concurrent resolution on the budget for a 
        biennium adopted under section 301 that contains text in the 
        form specified under subsection (b) of this section applicable 
        to the type of concurrent resolution on the budget; and
            ``(2) does not include a concurrent resolution on the 
        budget described in section 304.
    ``(b) Form.--
            ``(1) In general.--For a concurrent resolution on the 
        budget that is not a bipartisan budget resolution, the form 
        specified in this subsection is that, other than any short 
        title, the first section of the concurrent resolution on the 
        budget shall consist of only the following: `For purposes of 
        section 316(c) of the Congressional Budget Act of 1974, 
        Congress specifies that section 3101(b) of title 31, United 
        States Code, shall be amended by striking the dollar amount and 
        inserting ``$______''.', the blank space being filled in with 
        the appropriate level for the debt subject to limit under 
        section 3101 of title 31, United States Code.
            ``(2) Bipartisan budget resolution.--
                    ``(A) In general.--For a concurrent resolution on 
                the budget that is a bipartisan budget resolution, the 
                form specified in this subsection is that, other than 
                any short title, the first section of the concurrent 
                resolution on the budget shall consist of only the 
                following: `For purposes of section 316(c) of the 
                Congressional Budget Act of 1974, Congress specifies 
                the following:
            ```(1) Section 3101(b) of title 31, United States Code, 
        shall be amended by striking the dollar amount and inserting 
        ``$_______''.
            ```(2) Section 251(c) of the Balanced Budget and Emergency 
        Deficit Control Act of 1985 (2 U.S.C. 901(c)) shall be amended 
        by inserting after paragraph (_) the following:
            ```(__) for fiscal year ___, for the discretionary 
        category, $________ in new budget authority; and
            ```(__) for fiscal year ___, for the discretionary 
        category, $________ in new budget authority;'.
                    ``(B) Blank spaces.--The blank spaces in paragraphs 
                (1) and (2) of such section, as described in 
                subparagraph (A) of this paragraph, shall be filled in 
                as follows:
                            ``(i) The first blank being filled in with 
                        the appropriate level for the debt subject to 
                        limit under section 3101 of title 31, United 
                        States Code.
                            ``(ii) The second blank being filled in 
                        with the number of the paragraph establishing 
                        the discretionary spending limit for the last 
                        fiscal year for which the discretionary 
                        spending limits are in effect under section 
                        251(c) of the Balanced Budget and Emergency 
                        Deficit Control Act of 1985 (2 U.S.C. 901(c)).
                            ``(iii) The third and sixth blanks being 
                        filled in with the paragraph numbers following 
                        the paragraph number specified in the second 
                        blank.
                            ``(iv) The fourth and seventh blanks being 
                        filled in with the fiscal years for which the 
                        level of the discretionary spending limits are 
                        being specified under the concurrent resolution 
                        on the budget.
                            ``(v) The fifth and eighth blanks being 
                        filled in with the amount of the discretionary 
                        spending limit for the discretionary category 
                        for the fiscal years described in the fourth 
                        and seventh blanks, respectively, being 
                        specified under the concurrent resolution on 
                        the budget.
    ``(c) Automatic Enrollment of Joint Resolution.--
            ``(1) In general.--Upon adoption by Congress of a covered 
        concurrent resolution on the budget, the Secretary of the 
        Senate shall prepare an engrossment of a joint resolution 
        consistent with the text included in the covered concurrent 
        resolution on the budget in the form specified under subsection 
        (b).
            ``(2) Senate.--Upon engrossment of a joint resolution under 
        paragraph (1), the vote by which the covered concurrent 
        resolution on the budget was finally agreed to in the Senate 
        shall also be considered as a vote on passage of the joint 
        resolution in the Senate, and the joint resolution shall be 
        considered as passed by the Senate and duly certified and 
        examined. The engrossed copy shall be signed by the Secretary 
        of the Senate and transmitted to the House of Representatives.
            ``(3) House of representatives.--Upon receipt of the 
        engrossed copy of a joint resolution under paragraph (2), the 
        vote by which the covered concurrent resolution on the budget 
        was finally agreed to in the House of Representatives shall 
        also be considered as a vote on passage of the joint resolution 
        in the House of Representatives, and the joint resolution shall 
        be considered as passed by the House of Representatives and 
        duly certified and examined. The Clerk of the House of 
        Representatives shall transmit the joint resolution to be 
        enrolled.
            ``(4) Enrolling.--Upon receipt of a joint resolution under 
        paragraph (3), the Enrolling Clerk of the Senate shall enroll 
        the joint resolution.
            ``(5) Vetoes.--If the President vetoes a joint resolution 
        enrolled under paragraph (4), in the Senate there shall be not 
        more than 1 hour of debate on the veto message, equally divided 
        between the majority and minority leaders or their 
        designees.''.
            (6) Bipartisan budget agreed to.--
                    (A) Definition.--In this paragraph, the term 
                ``bipartisan budget resolution'' has the meaning given 
                that term in paragraph (13) of section 3 of the 
                Congressional Budget and Impoundment Control Act of 
                1974 (2 U.S.C. 622), as added by this Act.
                    (B) Effect on motion to proceed to appropriation 
                bills.--If a bipartisan budget resolution is adopted by 
                the Senate and House of Representatives, a motion to 
                proceed to the consideration of an appropriation Act 
                referred to in section 105 of title 1, United States 
                Code, making appropriations for either fiscal year of 
                the biennium of the bipartisan budget resolution (which 
                shall not include a bill or joint resolution making 
                supplemental appropriations for such a fiscal year) or 
                a bill or joint resolution making continuing 
                appropriations for such a fiscal year shall not be 
                debatable.
                    (C) Minor violations.--If a bipartisan budget 
                resolution is adopted by the Senate and House of 
                Representatives, with respect to any fiscal year 
                covered by the bipartisan budget resolution, the 
                Chairman of the Committee on Fiscal Control and the 
                Budget may determine that a point of order does not lie 
                under the Congressional Budget and Impoundment Control 
                Act of 1974 (2 U.S.C. 621 et seq.) for a violation for 
                which the absolute value of the violation is less than 
                $500,000.
    (d) Other Changes to Content.--Section 301(a) of the Congressional 
Budget Act of 1974 (2 U.S.C. 632(a)), is amended--
            (1) in paragraph (1), as so designated by subsection (b) of 
        this section--
                    (A) in subparagraph (D), by inserting ``for direct 
                spending (as defined in section 250 of the Balanced 
                Budget and Emergency Deficit Control Act of 1985 (2 
                U.S.C. 900)),'' before ``new budget authority'';
                    (B) in subparagraph (E), by striking ``the public 
                debt'' and inserting ``the debt held by the public and 
                debt subject to limit under section 3101 of title 31, 
                United States Code'';
                    (C) in subparagraph (F), by striking ``and'' at the 
                end; and
                    (D) by inserting after subparagraph (G) the 
                following:
                    ``(H) the allocated amount of discretionary 
                appropriations; and
                    ``(I) the unallocated amount of discretionary 
                appropriations;''; and
            (2) by inserting after paragraph (3), as added by 
        subsection (c) of this section, the following:
            ``(4) for any concurrent resolution on the budget, specify 
        the amount of the gross domestic product of the United States 
        assumed for purposes of each fiscal year covered by the 
        concurrent resolution; and
            ``(5) for any concurrent resolution on the budget, specify 
        a target for the ratio of the debt held by the public to the 
        gross domestic product of the United States (rounded to the 
        nearest one-tenth of 1 percent) for each fiscal year covered by 
        the concurrent resolution.''.
    (e) Technical and Conforming Amendment.--The table of contents in 
section 1(b) of the Congressional Budget and Impoundment Control Act of 
1974 is amended--
            (1) by striking the item relating to section 301 and 
        inserting the following:

``Sec. 301. Biennial adoption of concurrent resolution on the 
                            budget.''; and
            (2) by inserting after the item relating to section 315 the 
        following:

``Sec. 316. Automatic adjustment of debt limit and statutory caps.''.

SEC. 203. ADDITIONAL MATTERS RELATING TO CONCURRENT RESOLUTION.

    (a) Additional Matters.--Section 301(b)(3) of the Congressional 
Budget Act of 1974 (2 U.S.C. 632(b)(3)) is amended by striking ``for 
such fiscal year'' and inserting ``for either fiscal year in such 
biennium''.
    (b) Views and Estimates.--Section 301(d) of the Congressional 
Budget Act of 1974 (2 U.S.C. 632(d)) is amended--
            (1) by striking ``Within 6 weeks after the President 
        submits a budget under section 1105(a) of title 31, United 
        States Code,'' and inserting the following:
            ``(1) In general.--Not later than March 1 of each odd-
        numbered year (or, if applicable under section 300(b), May 1 of 
        an odd-numbered year),''; and
            (2) by adding at the end the following:
            ``(2) Review of unauthorized appropriations.--Each 
        Committee of the House of Representatives and the Senate shall 
        include the views and estimates of the committee required under 
        paragraph (1) a description of the plans of the committee to 
        consider legislation relating to programs within the 
        jurisdiction of the committee that appeared in the most recent 
        report of the Congressional Budget Office on unauthorized 
        appropriations submitted to Congress under section 202(e)(3).
            ``(3) Oversight of government performance.--
                    ``(A) Review.--Each committee of the House of 
                Representatives and the Senate shall--
                            ``(i) review programs and tax expenditures 
                        of which the committee has jurisdiction to 
                        identify waste, fraud, abuse, or duplication, 
                        and increase the use of performance data to 
                        inform committee work; and
                            ``(ii) review the matters for congressional 
                        consideration identified in--
                                    ``(I) the applicable semiannual 
                                reports of the Inspectors General for 
                                which the committee has jurisdiction;
                                    ``(II) the list of unimplemented 
                                recommendations compiled by the 
                                Inspectors General for which the 
                                committee has jurisdiction;
                                    ``(III) the High Risk list 
                                published by the Government 
                                Accountability Office; and
                                    ``(IV) the annual report to reduce 
                                program duplication published by the 
                                Government Accountability Office as 
                                required under section 21 of the Joint 
                                Resolution entitled `Joint Resolution 
                                increasing the statutory limit on the 
                                public debt', approved February 12, 
                                2010 (31 U.S.C. 712 note).
                    ``(B) Inclusion in views and estimates.--Based on 
                the oversight efforts and performance reviews of 
                programs under subparagraph (A), each committee of the 
                House of Representatives and the Senate shall include 
                plans for improved governmental performance in the 
                views and estimates of the committee required under 
                paragraph (1) to the Committee on the Budget of the 
                House of Representatives or the Committee on Fiscal 
                Control and the Budget of the Senate, respectively.
            ``(4) Revenue projection.--The Committee on Finance of the 
        Senate and the Committee on Ways and Means of the House of 
        Representatives shall each include in the views and estimates 
        of the committee required under paragraph (1)--
                    ``(A) a report providing revenue projections for 
                each fiscal year in the next biennium and the 4 ensuing 
                bienniums, which shall include a description of how 
                such revenue projections would be impacted by any 
                extension of an expiring or terminating tax provision 
                anticipated by the committee or other policy 
                initiatives of the committee;
                    ``(B) a list of--
                            ``(i) any tax provisions that are scheduled 
                        to expire or terminate during the period 
                        described in subparagraph (A); and
                            ``(ii) any provisions described in clause 
                        (i) that the committee anticipates will be 
                        extended--
                                    ``(I) to apply with respect to the 
                                next biennium; or
                                    ``(II) to apply with respect to the 
                                period described in subparagraph (A); 
                                and
                    ``(C) an estimate of--
                            ``(i) the cost to extend the tax provisions 
                        listed in subparagraph (B)(i); and
                            ``(ii) the cost to extend the tax 
                        provisions the committee anticipates will be 
                        extended, as listed under subparagraph 
                        (B)(ii).''.
    (c) Hearings.--Section 301(e) of the Congressional Budget Act of 
1974 (2 U.S.C. 632(e)) is amended--
            (1) in paragraph (1)--
                    (A) by striking ``fiscal year'' and inserting 
                ``biennium''; and
                    (B) by inserting after the second sentence the 
                following: ``On or before April 1 of each odd-numbered 
                year (or, if applicable under section 300(b), June 1 of 
                an odd numbered year), the Committee on the Budget of 
                the House of Representatives and the Committee on 
                Fiscal Control and the Budget of the Senate shall 
                report to its House the concurrent resolution on the 
                budget referred to in subsection (a) for the biennium 
                beginning on October 1 of that year.''; and
            (2) in paragraph (2)--
                    (A) by striking subparagraphs (A) and (B);
                    (B) by redesignating subparagraphs (C) through (F) 
                as subparagraphs (A) through (D), respectively; and
                    (C) in subparagraph (C), as so redesignated, by 
                striking ``for the President's budget and''.
    (d) Goals for Reducing Unemployment.--Section 301(f) of the 
Congressional Budget Act of 1974 (2 U.S.C. 632(f)) is amended by 
striking ``fiscal year'' each place it appears and inserting 
``biennium''.
    (e) Economic Assumptions.--Section 301(g)(1) of the Congressional 
Budget Act of 1974 (2 U.S.C. 632(g)(1)) is amended by striking ``for a 
fiscal year'' and inserting ``for a biennium''.

SEC. 204. COMMITTEE ALLOCATIONS.

    Section 302 of the Congressional Budget Act of 1974 (2 U.S.C. 633) 
is amended--
            (1) in subsection (a)--
                    (A) in paragraph (1), in the matter preceding 
                subparagraph (A), by striking ``of the levels for the 
                first fiscal year'' and all that follows through ``of--
                '' and inserting ``of the levels for each fiscal year 
                in the next biennium, for the period of the next 
                biennium and the ensuing 2 bienniums, and for the 
                period covered by the resolution (except that in the 
                case of the Committee on Appropriations only for each 
                fiscal year in the biennium) of--''; and
                    (B) in paragraph (5)(A), by striking ``April 15'' 
                and inserting ``May 15 of an odd-numbered year (or, if 
                applicable under section 300(b), June 15 of an odd-
                numbered year)'';
            (2) in subsection (b), by striking ``budget year'' and 
        inserting ``biennium'';
            (3) in subsection (c)--
                    (A) by striking ``for a fiscal year'' and inserting 
                ``for each fiscal year in the biennium''; and
                    (B) by striking ``for that fiscal year'' and 
                inserting ``for a fiscal year during that biennium'';
            (4) in subsection (f)--
                    (A) in paragraph (1)--
                            (i) in the matter preceding subparagraph 
                        (A), by striking ``for a fiscal year'' and 
                        inserting ``for a biennium''; and
                            (ii) in the matter following subparagraph 
                        (C), by striking ``the first fiscal year'' and 
                        inserting ``each fiscal year of the biennium''; 
                        and
                    (B) in paragraph (2)(A)--
                            (i) by striking ``the first fiscal year'' 
                        and inserting ``each fiscal year of the 
                        biennium''; and
                            (ii) by 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 15'' and 
        inserting ``May 15 of an odd-numbered year (or, if applicable 
        under section 300(b), June 15 of an odd-numbered year)''.

SEC. 205. SECTION 303 POINT OF ORDER.

    (a) In General.--Section 303(a) of the Congressional Budget Act of 
1974 (2 U.S.C. 634(a)) is amended--
            (1) by striking ``for a fiscal year'' and inserting ``for a 
        biennium''; and
            (2) by striking ``the first fiscal year'' and inserting 
        ``each fiscal year of the biennium''.
    (b) Exceptions in the House.--Section 303(b) of the Congressional 
Budget Act of 1974 (2 U.S.C. 634(b)) is amended--
            (1) in paragraph (1)(A), by striking ``the budget year'' 
        and inserting ``the biennium''; and
            (2) in paragraph (2), by inserting ``(or, if applicable 
        under section 300(b), June 15)'' after ``May 15''.
    (c) Application to the Senate.--Section 303(c)(1) of the 
Congressional Budget Act of 1974 (2 U.S.C. 634(c)(1)) is amended by 
striking ``fiscal year'' and inserting ``biennium''.

SEC. 206. PERMISSIBLE REVISIONS OF CONCURRENT RESOLUTIONS ON THE 
              BUDGET.

    Section 304 of the Congressional Budget Act of 1974 (2 U.S.C. 635) 
is amended--
            (1) by striking ``fiscal year'' the first two places it 
        appears and inserting ``biennium''; and
            (2) by striking ``for such fiscal year'' and inserting 
        ``for such biennium''.

SEC. 207. PROCEDURES FOR CONSIDERATION OF BUDGET RESOLUTIONS.

    Section 305 of the Congressional Budget Act of 1974 (2 U.S.C. 636) 
is amended--
            (1) in subsection (a)(3), by striking ``fiscal year'' and 
        inserting ``biennium''; and
            (2) in subsection (b)(3), by striking ``fiscal year'' and 
        inserting ``biennium''.

SEC. 208. COMPLETION OF HOUSE ACTION ON APPROPRIATION BILLS.

    (a) In General.--Section 307 of the Congressional Budget Act of 
1974 (2 U.S.C. 638) is amended--
            (1) in the section heading, by striking ``house committee 
        action on all appropriation bills to be completed by june 10'' 
        and inserting ``deadline for house committee action on all 
        appropriation bills''; and
            (2) by inserting ``(or, if applicable under section 300(b), 
        June 30 of a year)'' after ``June 10 of each year''.
    (b) Technical and Conforming Amendment.--The table of contents in 
section 1(b) of the Congressional Budget and Impoundment Control Act of 
1974 is amended by striking the item relating to section 307 and 
inserting the following:

``Sec. 307. Deadline for House committee action on all appropriation 
                            bills.''.

SEC. 209. RECONCILIATION PROCESS.

    Section 310 of the Congressional Budget Act of 1974 (2 U.S.C. 641) 
is amended--
            (1) in subsection (a)--
                    (A) in the matter preceding paragraph (1), by 
                striking ``any fiscal year'' and inserting ``any 
                biennium''; and
                    (B) in paragraph (1) by striking ``such fiscal 
                year'' each place it appears and inserting ``any fiscal 
                year covered by such resolution''; and
            (2) in subsection (f)--
                    (A) by inserting ``of an odd-numbered year'' after 
                ``July''; and
                    (B) by striking ``for such fiscal year'' and 
                inserting ``for the biennium that begins with such 
                fiscal year''.

SEC. 210. SECTION 311 POINT OF ORDER.

    (a) In the House.--Section 311(a)(1) of the Congressional Budget 
Act of 1974 (2 U.S.C. 642(a)(1)) is amended--
            (1) by striking ``for a fiscal year'' and inserting ``for a 
        biennium'';
            (2) by striking ``the first fiscal year'' each place it 
        appears and inserting ``either fiscal year of the biennium''; 
        and
            (3) by striking ``that first fiscal year'' and inserting 
        ``each fiscal year in the biennium''.
    (b) In the Senate.--Section 311(a)(2) of the Congressional Budget 
Act of 1974 (2 U.S.C. 642(a)(2)) is amended--
            (1) in subparagraph (A), by striking ``for the first fiscal 
        year'' and inserting ``for either fiscal year of the 
        biennium''; and
            (2) in subparagraph (B)--
                    (A) by striking ``that first fiscal year'' the 
                first place it appears and inserting ``either fiscal 
                year in the biennium''; and
                    (B) by striking ``that first fiscal year and the 
                ensuing fiscal years'' and inserting ``all fiscal 
                years''.
    (c) Social Security Levels.--Section 311(a)(3) of the Congressional 
Budget Act of 1974 (2 U.S.C. 642(a)(3)) is amended by--
            (1) striking ``for the first fiscal year'' and inserting 
        ``each fiscal year in the biennium''; and
            (2) striking ``that fiscal year and the ensuing fiscal 
        years'' and inserting ``all fiscal years''.

SEC. 211. MAXIMUM DEFICIT AMOUNT POINT OF ORDER.

    Section 312(c) of the Congressional Budget Act of 1974 (2 U.S.C. 
643(c)) is amended--
            (1) in the matter preceding paragraph (1), by striking 
        ``for a fiscal year'' and inserting ``for a biennium'';
            (2) in paragraph (1), by striking ``the first fiscal year'' 
        and inserting ``either fiscal year in the biennium'';
            (3) in paragraph (2), by striking ``that fiscal year'' and 
        inserting ``either fiscal year in the biennium''; and
            (4) in the matter following paragraph (2), by striking 
        ``that fiscal year'' and inserting ``the applicable fiscal 
        year''.

         TITLE III--COMMITTEE ON FISCAL CONTROL AND THE BUDGET

SEC. 301. COMMITTEE ON FISCAL CONTROL AND THE BUDGET OF THE SENATE.

    (a) In General.--
            (1) Change of name.--The Committee on the Budget of the 
        Senate is renamed as the Committee on Fiscal Control and the 
        Budget of the Senate.
            (2) Committee status.--The Committee on Fiscal Control and 
        the Budget shall be treated as the Committee on the Budget 
        listed under paragraph 3 of rule XXV of the Standing Rules of 
        the Senate for purposes of the Standing Rules of the Senate.
    (b) Membership.--
            (1) In general.--In the Senate, the Chairman and Ranking 
        Member of the Committee on Appropriations and the Chairman and 
        Ranking Member of the Committee on Finance (if not already a 
        member of the Committee on Fiscal Control and the Budget of the 
        Senate) shall be ex officio members of the Committee on Fiscal 
        Control and the Budget, but shall have no vote in the Committee 
        on Fiscal Control and the Budget and shall not be counted for 
        purposes of determining a quorum.
            (2) Exemption.--Service of a Senator as an ex officio 
        member of the Committee on Fiscal Control and the Budget of the 
        Senate under paragraph (1) shall not be taken into account for 
        purposes of paragraph 4 of rule XXV of the Standing Rules of 
        the Senate.
    (c) Conforming Amendments.--Section 101 of S. Res. 445 (108th 
Congress) is amended--
            (1) in subsection (d)--
                    (A) in the subsection heading, by striking 
                ``Budget'' and inserting ``Fiscal Control and the 
                Budget'';
                    (B) in the matter preceding paragraph (1), by 
                striking ``the Committee on the Budget'' and inserting 
                ``the Committee on Fiscal Control and the Budget''; and
                    (C) in paragraph (1), by striking ``the Budget 
                Committee'' and inserting ``the Committee on Fiscal 
                Control and the Budget''; and
            (2) in subsection (e), by striking ``The Committee on the 
        Budget'' and inserting ``The Committee on Fiscal Control and 
        the Budget''.
    (d) Rulemaking.--This section is enacted--
            (1) as an exercise of the rulemaking power of the Senate; 
        and
            (2) with full recognition of the constitutional right of 
        the Senate to change such rules at any time, in the same 
        manner, and to the same extent as in the case of any other rule 
        of the Senate.

SEC. 302. TECHNICAL AND CONFORMING AMENDMENTS.

    (a) Congressional Budget and Impoundment Control Act of 1974.--The 
Congressional Budget and Impoundment Control Act of 1974 is amended--
            (1) in section 201 (2 U.S.C. 601)--
                    (A) in subsection (a)(2), by striking ``the 
                Committees on the Budget of the House and Senate'' and 
                inserting ``the Committee on the Budget of the House of 
                Representatives and the Committee on Fiscal Control and 
                the Budget of the Senate''; and
                    (B) in subsection (f), by striking ``The Budget 
                Committees of the Senate and House'' and inserting 
                ``The Committee on the Budget of the House of 
                Representatives and the Committee on Fiscal Control and 
                the Budget of the Senate'';
            (2) in section 202 (2 U.S.C. 602)--
                    (A) in subsection (a)--
                            (i) in the subsection heading, by striking 
                        ``Budget Committees'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate''; and
                            (ii) by striking ``the Committees on the 
                        Budget of both Houses'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate'';
                    (B) in subsection (d), by striking ``the Committee 
                on the Budget of either House'' and inserting ``the 
                Committee on the Budget of the House of Representatives 
                or the Committee on Fiscal Control and the Budget of 
                the Senate''; and
                    (C) in subsection (e)--
                            (i) in the subsection heading, by striking 
                        ``Budget Committees'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate''; and
                            (ii) by striking ``the Committees on the 
                        Budget of the House of Representatives and the 
                        Senate'' each place it appears and inserting 
                        ``the Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate'';
            (3) in section 301 (2 U.S.C. 632)--
                    (A) in subsection (d)(1), as amended by section 202 
                of this Act--
                            (i) in the first sentence--
                                    (I) by striking ``the Committee on 
                                the Budget'' the first place it appears 
                                and inserting ``the Committee on the 
                                Budget of the House of Representatives, 
                                with respect to a committee of the 
                                House of Representatives, or the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate, with respect to a 
                                committee of the Senate''; and
                                    (II) by striking ``the Committee on 
                                the Budget of the Senate'' and 
                                inserting ``the Committee on Fiscal 
                                Control and the Budget of the Senate'';
                            (ii) in the second sentence, by striking 
                        ``the Committees on the Budget of both Houses'' 
                        and inserting ``the Committee on the Budget of 
                        the House of Representatives and the Committee 
                        on Fiscal Control and the Budget of the 
                        Senate'';
                            (iii) in the third sentence--
                                    (I) by striking ``the Committee on 
                                the Budget of its House'' and inserting 
                                ``the Committee on the Budget of the 
                                House of Representatives or the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate, respectively''; 
                                and
                                    (II) by striking ``the Committees 
                                on the Budget of both Houses'' and 
                                inserting ``the Committee on the Budget 
                                of the House of Representatives and the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate''; and
                            (iv) in the fourth sentence, by striking 
                        ``the Committee on the Budget of the applicable 
                        House'' and inserting ``the Committee on the 
                        Budget of the House of Representatives or the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate, as applicable'';
                    (B) in subsection (e)(1)--
                            (i) in the first sentence, by striking 
                        ``the Committee on the Budget of each House 
                        shall'' and inserting ``the Committee on the 
                        Budget of the House of Representatives and the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate shall each''; and
                            (ii) in the second sentence--
                                    (I) by striking ``the Committee on 
                                the Budget of each House'' and 
                                inserting ``the Committee on the Budget 
                                of the House of Representatives and the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate'';
                                    (II) by striking ``its'' each place 
                                it appears and inserting ``such 
                                committee's''; and
                                    (III) by striking ``it'' and 
                                inserting ``such committee''; and
                    (C) in subsection (h), by striking ``its House'' 
                and inserting ``the House of Representatives'';
            (4) in section 305(b) (2 U.S.C. 636(b)), by striking 
        ``Committee on the Budget'' each place it appears and inserting 
        ``Committee on Fiscal Control and the Budget'';
            (5) in section 306 (2 U.S.C. 637), in the section heading, 
        by striking ``budget committees'' and inserting ``the committee 
        on the budget of the house of representatives and the committee 
        on fiscal control and the budget of the senate'';
            (6) in section 308(a)(3) (2 U.S.C. 639(a)(3)), by striking 
        ``the Committees on the Budget of the House and Senate'' and 
        inserting ``the Committee on the Budget of the House of 
        Representatives and the Committee on Fiscal Control and the 
        Budget of the Senate'';
            (7) in section 310 (2 U.S.C. 641)--
                    (A) in subsection (b)(2), by striking ``the 
                Committee on the Budget of its House'' and inserting 
                ``the Committee on the Budget of the House of 
                Representatives or the Committee on Fiscal Control and 
                the Budget of the Senate, respectively'';
                    (B) in subsection (c)(2), by striking ``Committee 
                on the Budget'' each place it appears and inserting 
                ``Committee on Fiscal Control and the Budget''; and
                    (C) in subsection (d)--
                            (i) in paragraph (4), by striking ``or of 
                        the Senate'' and inserting ``or the Committee 
                        on Fiscal Control and the Budget of the 
                        Senate''; and
                            (ii) in paragraph (5), by striking ``its 
                        Committee on the Budget'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives'';
            (8) in section 312(a) (2 U.S.C. 643(a))--
                    (A) in the subsection heading, by striking 
                ``budget''; and
                    (B) by striking ``or the Senate'' and inserting 
                ``or the Committee on Fiscal Control and the Budget of 
                the Senate'';
            (9) in section 313 (2 U.S.C. 644)--
                    (A) in subsection (b)(2), by striking ``Committee 
                on the Budget'' and inserting ``Committee on Fiscal 
                Control and the Budget''; and
                    (B) in subsection (c), by striking ``Committee on 
                the Budget'' and inserting ``Committee on Fiscal 
                Control and the Budget'';
            (10) in section 314 (2 U.S.C. 645)--
                    (A) in subsection (a), by striking ``or the 
                Senate'' and inserting ``or the Committee on Fiscal 
                Control and the Budget of the Senate''; and
                    (B) in subsection (g)(1)(A), by striking ``or the 
                Senate'' and inserting ``or the Committee on Fiscal 
                Control and the Budget of the Senate'';
            (11) in section 425(e) (2 U.S.C. 658d(e)), by striking 
        ``Committee on the Budget'' and inserting ``Committee on Fiscal 
        Control and the Budget'';
            (12) in section 703 (2 U.S.C. 623)--
                    (A) in subsection (a), by striking ``The Committees 
                on the Budget of the House of Representatives and the 
                Senate'' and inserting ``The Committee on the Budget of 
                the House of Representatives and the Committee on 
                Fiscal Control and the Budget of the Senate''; and
                    (B) in subsection (b), by striking ``The Committee 
                on the Budget of each House shall, from time to time, 
                report to its House'' and inserting ``The Committee on 
                the Budget of the House of Representatives and the 
                Committee on Fiscal Control and the Budget of the 
                Senate shall, from time to time, report to the House of 
                Representatives and the Senate, respectively,'';
            (13) in section 1024(d) (2 U.S.C. 691c(d)), by striking 
        ``the Committees on the Budget of the House of Representatives 
        and the Senate'' and inserting ``the Committee on the Budget of 
        the House of Representatives and the Committee on Fiscal 
        Control and the Budget of the Senate'';
            (14) in section 1025(a) (2 U.S.C. 691d(a)), by striking 
        ``Committee on the Budget'' the first place it appears and 
        inserting ``Committee on Fiscal Control and the Budget''; and
            (15) in the table of contents in section 1(b), by striking 
        the item relating to section 306 and inserting the following:

``Sec. 306. Legislation dealing with congressional budget must be 
                            handled by the Committee on the Budget of 
                            the House of Representatives and the 
                            Committee on Fiscal Control and the Budget 
                            of the Senate.''.
    (b) Balanced Budget and Emergency Deficit Control Act of 1985.--The 
Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900 
et seq.) is amended--
            (1) in section 250(c)(4)(F) (2 U.S.C. 900(c)(4)(F)), by 
        striking ``the Committees on Appropriations and the Budget of 
        the House of Representatives and the Senate'' and inserting 
        ``the Committee on Appropriations and the Committee on the 
        Budget of the House of Representatives and the Committee on 
        Appropriations and the Committee on Fiscal Control and the 
        Budget of the Senate'';
            (2) in section 251 (2 U.S.C. 901)--
                    (A) in subsection (a)(7), by striking ``the 
                Committees on the Budget of the House of 
                Representatives and the Senate'' each place it appears 
                and inserting ``the Committee on the Budget of the 
                House of Representatives and the Committee on Fiscal 
                Control and the Budget of the Senate''; and
                    (B) in subsection (b)--
                            (i) in paragraph (1), by striking ``the 
                        Committees on Appropriations and the Budget of 
                        the House of Representatives and the Senate'' 
                        and inserting ``the Committee on Appropriations 
                        and the Committee on the Budget of the House of 
                        Representatives and the Committee on 
                        Appropriations and the Committee on Fiscal 
                        Control and the Budget of the Senate''; and
                            (ii) in paragraph (2)(D)(ii), by striking 
                        ``the Committees on Appropriations and Budget 
                        in each House'' and inserting ``the Committee 
                        on Appropriations and the Committee on the 
                        Budget of the House of Representatives and the 
                        Committee on Appropriations and the Committee 
                        on Fiscal Control and the Budget of the 
                        Senate'';
            (3) in section 251A(d) (2 U.S.C. 901a(d)), by striking 
        ``the Committees on the Budget of the House of Representatives 
        and the Senate'' each place it appears and inserting ``the 
        Committee on the Budget of the House of Representatives and the 
        Committee on Fiscal Control and the Budget of the Senate'';
            (4) in section 254(h) (2 U.S.C. 904(h)), in the matter 
        preceding paragraph (1), by striking ``or the Senate'' and 
        inserting ``or the Committee on Fiscal Control and the Budget 
        of the Senate'';
            (5) in section 257(b)(2)(A)(i) (2 U.S.C. 907(b)(2)(A)(i)), 
        in the second sentence--
                    (A) by striking ``the Committees on Budget'' and 
                inserting ``the Committee on the Budget of the House of 
                Representatives, the Committee on Fiscal Control and 
                the Budget of the Senate,''; and
                    (B) by striking ``and the Budget Committees'' and 
                inserting ``the Committee on the Budget of the House of 
                Representatives, and the Committee on Fiscal Control 
                and the Budget of the Senate'';
            (6) in section 258(a)(3) (2 U.S.C. 907a(a)(3)), in the 
        first sentence, by striking ``the Committee on the Budget'' and 
        inserting ``the Committee on Fiscal Control and the Budget'';
            (7) in section 258B(h)(4) (2 U.S.C. 907c(h)(4)), by 
        striking ``the Committee on the Budget'' and inserting ``the 
        Committee on Fiscal Control and the Budget''; and
            (8) in section 258C(a) (2 U.S.C. 907d(a))--
                    (A) by striking ``the Committee on the Budget'' 
                each place it appears and inserting ``the Committee on 
                Fiscal Control and the Budget'';
                    (B) in paragraph (3), by striking ``the Budget 
                Committee'' and inserting ``the Committee on Fiscal 
                Control and the Budget of the Senate''; and
                    (C) in paragraph (4)--
                            (i) in the paragraph heading, by striking 
                        ``Budget committee action'' and inserting 
                        ``Action by the committee on fiscal control and 
                        the budget''; and
                            (ii) by striking ``the Budget Committee'' 
                        each place it appears and inserting ``the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate''.
    (c) Statutory Pay-As-You-Go Act of 2010.--The Statutory Pay-As-You-
Go Act of 2010 (2 U.S.C. 931 et seq.) is amended--
            (1) in section 4(a) (2 U.S.C. 933(a))--
                    (A) in paragraph (1)--
                            (i) in subparagraph (B), by striking ``the 
                        Senate Budget Committee'' each place it appears 
                        and inserting ``the Committee on Fiscal Control 
                        and the Budget of the Senate''; and
                            (ii) in subparagraph (C), by striking ``the 
                        Chairmen of the House and Senate Budget 
                        Committees'' each place it appears and 
                        inserting ``the Chairman of the Committee on 
                        the Budget of the House of Representatives and 
                        the Chairman of the Committee on Fiscal Control 
                        and the Budget of the Senate'';
                    (B) in paragraph (2)--
                            (i) in subparagraph (A)--
                                    (I) in clause (i), by striking ``by 
                                one House, the Chairman of the Budget 
                                Committee of that House'' and inserting 
                                ``by the House of Representatives or 
                                the Senate, the Chairman of the 
                                Committee on the Budget of the House of 
                                Representatives or the Chairman of the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate, respectively,''; 
                                and
                                    (II) in clause (ii), by striking 
                                ``the Chairman of the Budget Committee 
                                of that House prior to passage'' and 
                                inserting ``the Chairman of the 
                                Committee on the Budget of the House of 
                                Representatives or the Chairman of the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate prior to passage 
                                by the House of Representatives or the 
                                Senate, respectively,''; and
                            (ii) in subparagraph (B)(i), by striking 
                        ``the Chairmen of the Budget Committees of the 
                        House and Senate'' and inserting ``the Chairman 
                        of the Committee on the Budget of the House of 
                        Representatives and the Chairman of the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate'';
                    (C) in paragraph (3), by striking ``Senate Budget 
                Committee'' and inserting ``Committee on Fiscal Control 
                and the Budget of the Senate''; and
                    (D) in paragraph (4)--
                            (i) in the paragraph heading, by striking 
                        ``of the budget committees''; and
                            (ii) by striking ``the Senate or House 
                        Committees on the Budget'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives or the Committee on Fiscal 
                        Control and the Budget of the Senate''; and
            (2) in section 12 (2 U.S.C. 938)--
                    (A) in the first sentence, by striking ``the 
                chairmen of the Committees on the Budget of the House 
                and Senate'' and inserting ``the Chairman of the 
                Committee on the Budget of the House of Representatives 
                or the Chairman of the Committee on Fiscal Control and 
                the Budget of the Senate''; and
                    (B) in the second sentence, by striking ``the 
                Chairmen of the House and Senate Budget Committees'' 
                and inserting ``the Chairman of the Committee on the 
                Budget of the House of Representatives and the Chairman 
                of the Committee on Fiscal Control and the Budget of 
                the Senate''.
    (d) Other Laws.--
            (1) Section 3(1)(A) of the Emergency Economic Stabilization 
        Act of 2008 (12 U.S.C. 5202(1)(A)) is amended by striking ``the 
        Committee on the Budget'' and inserting ``the Committee on 
        Fiscal Control and the Budget''.
            (2) Section 3002(1)(A) of the Small Business Jobs Act of 
        2010 (12 U.S.C. 5701(1)(A)) is amended by striking ``the 
        Committee on the Budget'' and inserting ``the Committee on 
        Fiscal Control and the Budget''.
            (3) Section 302(d) of the Full Employment and Balanced 
        Growth Act of 1978 (15 U.S.C. 3132(d)) is amended in the first 
        sentence by striking ``the Committees on the Budget of the 
        Senate and the House of Representatives'' and inserting ``the 
        Committee on the Budget of the House of Representatives and the 
        Committee on Fiscal Control and the Budget of the Senate''.
            (4) Section 9503(d)(7) of the Internal Revenue Code of 1986 
        (relating to the Highway Trust Fund) is amended by striking 
        ``the Committees on the Budget of both Houses'' and inserting 
        ``the Committee on the Budget of the House of Representatives, 
        the Committee on Fiscal Control and the Budget of the Senate''.
            (5) Section 1104(c) of title 31, United States Code, is 
        amended in the second sentence by striking ``the Committees on 
        Appropriations and on the Budget of both Houses of Congress'' 
        and inserting ``the Committee on Appropriations and the 
        Committee on the Budget of the House of Representatives and the 
        Committee on Appropriations and the Committee on Fiscal Control 
        and the Budget of the Senate''.
            (6) Section 1105(a)(35)(B) of title 31, United States Code, 
        is amended by striking ``the Committees on Appropriations'' and 
        all that follows and inserting ``the Committee on 
        Appropriations, the Committee on the Budget, and the Committee 
        on Homeland Security of the House of Representatives and the 
        Committee on Appropriations, the Committee on Fiscal Control 
        and the Budget, and the Committee on Homeland Security and 
        Governmental Affairs of the Senate.''.
            (7) Section 1109(b) of title 31, United States Code, is 
        amended by striking ``the Committees on the Budget of both 
        Houses'' and inserting ``the Committee on the Budget of the 
        House of Representatives and the Committee on Fiscal Control 
        and the Budget of the Senate''.
            (8) Section 1112(c)(3) of title 31, United States Code, is 
        amended by striking ``and on the Budget of both Houses of 
        Congress'' and inserting ``of both Houses of Congress, the 
        Committee on the Budget of the House of Representatives, the 
        Committee on Fiscal Control and the Budget of the Senate''.
            (9) Section 1120(a)(3)(B) of title 31, United States Code, 
        is amended by striking ``the Committees on the Budget of the 
        Senate and the House of Representatives'' and inserting ``the 
        Committee on the Budget of the House of Representatives and the 
        Committee on Fiscal Control and the Budget of the Senate''.
            (10) Section 3524(b) of title 31, United States Code, is 
        amended by striking ``the Committees on the Budget and 
        Appropriations of both Houses of Congress, the Committee on 
        Governmental Affairs, and to the Committee on Government 
        Operations, and to'' and inserting ``the Committee on 
        Appropriations, the Committee on the Budget, and the Committee 
        on Oversight and Government Reform of the House of 
        Representatives, the Committee on Appropriations, the Committee 
        on Fiscal Control and the Budget, and the Committee on Homeland 
        Security and Governmental Affairs of the Senate, and''.
            (11) Section 6203(a)(2)(C) of title 31, United States Code, 
        is amended by striking ``the Committees on Governmental 
        Affairs, the Budget, and Appropriations'' and inserting ``the 
        Committee on Appropriations, the Committee on Fiscal Control 
        and the Budget, and the Committee on Homeland Security and 
        Governmental Affairs''.
            (12) Section 8163(c)(1) of title 38, United States Code, is 
        amended in the first sentence by striking ``and the Committees 
        on the Budget of the House of Representatives and the Senate'' 
        and inserting ``the Committee on the Budget of the House of 
        Representatives, and the Committee on Fiscal Control and the 
        Budget of the Senate''.
            (13) Section 8168 of title 38, United States Code, is 
        amended by striking ``and the Committees on the Budget of the 
        House of Representatives and the Senate'' each place it appears 
        and inserting ``the Committee on the Budget of the House of 
        Representatives, and the Committee on Fiscal Control and the 
        Budget of the Senate''.
            (14) Section 104(a)(2) of division O of the Consolidated 
        Appropriations Act, 2018 (43 U.S.C. 1748a-2(a)(2)) is amended 
        by striking ``the Budget'' the second place it appears and 
        inserting ``Fiscal Control and the Budget''.

SEC. 303. REFERENCES.

    Any reference in any law, regulation, map, document, record, or 
other paper of the United States to the Committee on the Budget of the 
Senate shall be deemed a reference to the Committee on Fiscal Control 
and the Budget of the Senate.

             TITLE IV--SPECIAL RECONCILIATION INSTRUCTIONS

SEC. 401. SPECIAL RECONCILIATION INSTRUCTIONS.

    (a) In General.--Title III of the Congressional Budget and 
Impoundment Control Act of 1974 (2 U.S.C. 631 et seq.), as amended by 
section 202 of this Act, is amended by adding at the end the following:

``SEC. 317. SPECIAL RECONCILIATION INSTRUCTIONS.

    ``(a) In General.--Only if the Director of the Congressional Budget 
Office submits a report under section 202(h) indicating that the target 
for the ratio of the debt held by the public to the gross domestic 
product of the United States by the end of the last fiscal year covered 
by the most recently agreed to concurrent resolution on the budget will 
not be achieved, not later than April 15 of the first fiscal year of 
such biennium, the Committee on Fiscal Control and the Budget of the 
Senate shall report to the Senate a simple resolution--
            ``(1) specifying a total level of deficit reduction to be 
        achieved and the period during which such reduction is to be 
        achieved; and
            ``(2) containing directives to 1 or more committees of the 
        Senate specifying the total amount by which new budget 
        authority or new entitlement authority contained in laws within 
        the jurisdiction of each such committee is to be changed or 
        revenues are to be changed to achieve the total level of 
        deficit reduction.
    ``(b) Deemed Agreed to.--If the Committee on Fiscal Control and the 
Budget of the Senate reports a resolution in accordance with subsection 
(a), the resolution shall be deemed to be agreed to by the Senate.
    ``(c) Recommendations of Committees.--If a resolution is reported 
under subsection (a), not later than May 15 of the year in which the 
resolution is reported, each committee for which the resolution 
contains directives shall submit to the Committee on Fiscal Control and 
the Budget of the Senate recommended changes in laws within the 
jurisdiction of the committee that comply with subsection (a)(2).
    ``(d) Special Reconciliation Procedure.--
            ``(1) In general.--Subject to paragraph (2), after each 
        committee for which a resolution reported under subsection (a) 
        contained directives has reported recommended changes to the 
        Committee on Fiscal Control and the Budget of the Senate, the 
        Committee on Fiscal Control and the Budget shall report to the 
        Senate special reconciliation legislation carrying out all such 
        recommendations without any substantive revision.
            ``(2) Failure to report compliant recommendations.--If 1 or 
        more committees do not report recommendations that comply with 
        subsections (a)(2) and (c), the Committee on Fiscal Control and 
        the Budget of the Senate--
                    ``(A) shall report to the Senate special 
                reconciliation legislation carrying out all reported 
                recommendations that comply with subsections (a)(2) and 
                (c), without any substantive revision; and
                    ``(B) may include in the legislation reported under 
                subparagraph (A) changes in laws within the 
                jurisdiction of each noncompliant committee, if the 
                changes in law comply with subsection (a)(2).
    ``(e) Limits on Special Reconciliation Bills.--
            ``(1) Extraneous material.--
                    ``(A) In general.--It shall not be in order to 
                consider any provision in legislation reported under 
                subsection (d) that contains material extraneous 
                (within the meaning given that term under section 313) 
                to the directives to the applicable committee.
                    ``(B) Point of order sustained.--If a point of 
                order is made by a Senator against a provision 
                described in subparagraph (A), and the point of order 
                is sustained by the Chair, that provision shall be 
                stricken from the measure and may not be offered as an 
                amendment from the floor.
                    ``(C) Form of the point of order.--A point of order 
                under subparagraph (A) may be raised by a Senator as 
                provided in section 313(e).
                    ``(D) Conference reports.--When the Senate is 
                considering a conference report on, or an amendment 
                between the Houses in relation to, legislation reported 
                under subsection (d), upon a point of order being made 
                by any Senator pursuant to subparagraph (A), and such 
                point of order being sustained, such material contained 
                in such conference report or House amendment shall be 
                stricken, and the Senate shall proceed to consider the 
                question of whether the Senate shall recede from its 
                amendment and concur with a further amendment, or 
                concur in the House amendment with a further amendment, 
                as the case may be, which further amendment shall 
                consist of only that portion of the conference report 
                or House amendment, as the case may be, not so 
                stricken. Any such motion in the Senate shall be 
                debatable. In any case in which such point of order is 
                sustained against a conference report (or Senate 
                amendment derived from such conference report by 
                operation of this subparagraph), no further amendment 
                shall be in order.
                    ``(E) Supermajority waiver and appeal.--In the 
                Senate, this paragraph may be waived or suspended only 
                by an affirmative vote of three-fifths of the Members, 
                duly chosen and sworn. An affirmative vote of three-
                fifths of Members of the Senate, duly chosen and sworn 
                shall be required to sustain an appeal of the ruling of 
                the Chair on a point of order raised under this 
                paragraph.
            ``(2) Deficit reduction required.--
                    ``(A) Each title reduces the deficit.--
                            ``(i) In general.--It shall not be in order 
                        to consider any title in legislation reported 
                        under subsection (d) that would increase the 
                        deficit over--
                                    ``(I) the period during which the 
                                level of deficit reduction specified in 
                                subsection (a)(1) is to be achieved; or
                                    ``(II) the period covered by the 
                                most recently agreed to concurrent 
                                resolution on the budget.
                            ``(ii) Point of order sustained.--If a 
                        point of order is made by a Senator against a 
                        title described in clause (i), and the point of 
                        order is sustained by the Chair, that title 
                        shall be stricken from the measure and may not 
                        be offered as an amendment from the floor.
                            ``(iii) Form of the point of order.--A 
                        point of order under clause (i) may be raised 
                        by a Senator as provided in section 313(e).
                            ``(iv) Conference reports.--When the Senate 
                        is considering a conference report on, or an 
                        amendment between the Houses in relation to, a 
                        bill or joint resolution, upon a point of order 
                        being made by any Senator pursuant to clause 
                        (i), and such point of order being sustained, 
                        such material contained in such conference 
                        report or House amendment shall be stricken, 
                        and the Senate shall proceed to consider the 
                        question of whether the Senate shall recede 
                        from its amendment and concur with a further 
                        amendment, or concur in the House amendment 
                        with a further amendment, as the case may be, 
                        which further amendment shall consist of only 
                        that portion of the conference report or House 
                        amendment, as the case may be, not so stricken. 
                        Any such motion in the Senate shall be 
                        debatable. In any case in which such point of 
                        order is sustained against a conference report 
                        (or Senate amendment derived from such 
                        conference report by operation of this clause), 
                        no further amendment shall be in order.
                            ``(v) Supermajority waiver and appeal.--In 
                        the Senate, this subparagraph may be waived or 
                        suspended only by an affirmative vote of three-
                        fifths of the Members, duly chosen and sworn. 
                        An affirmative vote of three-fifths of Members 
                        of the Senate, duly chosen and sworn shall be 
                        required to sustain an appeal of the ruling of 
                        the Chair on a point of order raised under this 
                        subparagraph.
                    ``(B) No amendments reducing the amount of deficit 
                reduction.--
                            ``(i) In general.--It shall not be in order 
                        to consider an amendment to legislation 
                        reported under subsection (d) that would reduce 
                        the amount of the decrease in the deficit, as 
                        compared to the legislation as reported by the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate, over--
                                    ``(I) the period during which the 
                                level of deficit reduction specified in 
                                subsection (a)(1) is to be achieved; or
                                    ``(II) the period covered by the 
                                most recently agreed to concurrent 
                                resolution on the budget.
                            ``(ii) Supermajority waiver and appeal.--In 
                        the Senate, this subparagraph may be waived or 
                        suspended only by an affirmative vote of three-
                        fifths of the Members, duly chosen and sworn. 
                        An affirmative vote of three-fifths of Members 
                        of the Senate, duly chosen and sworn shall be 
                        required to sustain an appeal of the ruling of 
                        the Chair on a point of order raised under this 
                        subparagraph.
    ``(f) Consideration of Special Reconciliation Bills.--
            ``(1) Deadline.--Not later than July 30 of an even-numbered 
        year, the Senate shall proceed to consideration of legislation 
        reported under subsection (d).
            ``(2) Procedures.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), and subject to subsection (e), if the 
                Committee on Fiscal Control and the Budget of the 
                Senate reports legislation under subsection (d), the 
                provisions of section 305 for the consideration in the 
                Senate of concurrent resolutions on the budget and 
                conference reports thereon shall also apply to the 
                consideration in the Senate of such legislation and 
                conference reports thereon.
                    ``(B) Consideration.--Consideration in the Senate 
                on any legislation reported under subsection (d), and 
                all amendments thereto and debatable motions and 
                appeals in connection therewith, shall be limited to 
                not more than 20 hours.
                    ``(C) Vetoes.--If the President vetoes legislation 
                reported under subsection (d), in the Senate there 
                shall be not more than 1 hour of debate on the veto 
                message, equally divided between the majority and 
                minority leaders or their designees.''.
    (b) Technical and Conforming Amendment.--The table of contents in 
section 1(b) of the Congressional Budget and Impoundment Control Act of 
1974 is amended by inserting after the item relating to section 316, as 
added by section 202 of this Act, the following:

``Sec. 317. Special reconciliation instructions.''.

      TITLE V--CONGRESSIONAL BUDGET ENFORCEMENT AND ACCOUNTABILITY

SEC. 501. UP-TO-DATE TABULATIONS OF CONGRESSIONAL BUDGET ACTION.

    Section 308(b) of the Congressional Budget Act of 1974 (2 U.S.C. 
639(b)) is amended to read as follows:
    ``(b) Up-to-Date Tabulations of Congressional Budget Action.--
            ``(1) CBO reports.--
                    ``(A) In general.--At the request of the Chairman 
                of the Committee on the Budget of the House of 
                Representatives or the Chairman of the Committee on 
                Fiscal Control and the Budget of the Senate, the 
                Director of the Congressional Budget Office shall 
                provide to each such committee reports detailing and 
                tabulating congressional action on bills and joint 
                resolutions providing an increase or decrease in budget 
                authority, outlays, or revenues for fiscal years 
                covered by a concurrent resolution on the budget.
                    ``(B) Contents.--Each report provided under 
                subparagraph (A) shall include, but is not limited to--
                            ``(i) an up-to-date tabulation comparing 
                        the appropriate aggregate levels included in 
                        the most recently adopted concurrent resolution 
                        on the budget with the levels resulting from 
                        current law, as modified by subsequently 
                        enacted legislation; and
                            ``(ii) an up-to-date calculation, for each 
                        committee of the House of Representatives and 
                        the Senate (other than the Committees on 
                        Appropriations), of the amount by which the 
                        committee is expected to exceed or not exceed, 
                        as the case may be, the allocation level 
                        described in section 302(a), as provided for 
                        the committee by the most recently adopted 
                        concurrent resolution on the budget.
            ``(2) Scorekeeping reports.--
                    ``(A) In general.--The Committee on the Budget of 
                the House of Representatives and the Committee on 
                Fiscal Control and the Budget of the Senate shall each 
                make available to Members of its House summary budget 
                scorekeeping reports.
                    ``(B) Contents.--Each report made available under 
                subparagraph (A) shall--
                            ``(i) be made available not less frequently 
                        than bimonthly to provide Members of each House 
                        an accurate representation of the current 
                        status of congressional consideration of the 
                        budget;
                            ``(ii) include, but is not limited to, 
                        summaries of tabulations and calculations 
                        provided under paragraph (1);
                            ``(iii) be based on information provided 
                        under paragraph (1) without substantive 
                        revision; and
                            ``(iv) be published in the Congressional 
                        Record and on a publicly accessible website by 
                        the Chairman of the Committee on the Budget of 
                        the House of Representatives or the Chairman of 
                        the Committee on Fiscal Control and the Budget 
                        of the Senate, as applicable, as soon as 
                        practicable.
                    ``(C) Submission to the speaker.--The Chairman of 
                the Committee on the Budget of the House of 
                Representatives shall submit each report made available 
                under subparagraph (A) to the Speaker.''.

SEC. 502. SURGICAL STRIKE POINT OF ORDER RELATING TO LEGISLATION 
              DEALING WITH THE CONGRESSIONAL BUDGET.

    Section 306(a) of the Congressional Budget Act of 1974 (2 U.S.C. 
637(a)) is amended to read as follows:
    ``(a) In the Senate.--
            ``(1) Point of order.--In the Senate, it shall not be in 
        order to consider a provision in a bill, joint resolution, 
        motion, amendment, amendment between the Houses, or conference 
        report containing any matter which is within the jurisdiction 
        of the Committee on Fiscal Control and the Budget of the Senate 
        unless the provision is in--
                    ``(A) a bill or joint resolution which has been 
                reported by the Committee on Fiscal Control and the 
                Budget of the Senate (or from the consideration of 
                which such committee has been discharged); or
                    ``(B) an amendment to, amendment between the Houses 
                in relation to, conference report on, or motion on a 
                bill or joint resolution described in subparagraph (A).
            ``(2) Point of order sustained.--If a point of order is 
        made by a Senator against a provision described in paragraph 
        (1), and the point of order is sustained by the Chair, that 
        provision shall be stricken from the measure and may not be 
        offered as an amendment from the floor.
            ``(3) Form of the point of order.--A point of order under 
        paragraph (1) may be raised by a Senator as provided in section 
        313(e).
            ``(4) Conference reports.--When the Senate is considering a 
        conference report on, or an amendment between the Houses in 
        relation to, a bill or joint resolution, upon a point of order 
        being made by any Senator pursuant to paragraph (1), and such 
        point of order being sustained, such material contained in such 
        conference report or House amendment shall be stricken, and the 
        Senate shall proceed to consider the question of whether the 
        Senate shall recede from its amendment and concur with a 
        further amendment, or concur in the House amendment with a 
        further amendment, as the case may be, which further amendment 
        shall consist of only that portion of the conference report or 
        House amendment, as the case may be, not so stricken. In the 
        Senate, debate on any such motion, and any debatable motions 
        and appeals in connection therewith, shall be limited to 1 
        hour. In any case in which such point of order is sustained 
        against a conference report (or Senate amendment derived from 
        such conference report by operation of this paragraph), no 
        further amendment shall be in order.''.

SEC. 503. GLOBAL WAIVER FOR GENERAL BUDGET POINTS OF ORDER.

    Section 904 of the Congressional Budget Act of 1974 (2 U.S.C. 621 
note) is amended by adding at the end the following:
    ``(f) Global Waiver for General Budget Points of Order.--
            ``(1) Definitions.--In this subsection--
                    ``(A) the term `general budget point of order' 
                means a point of order under this Act, the Balanced 
                Budget and Emergency Deficit Control Act of 1985, the 
                Statutory Pay-As-You-Go Act of 2010, or a concurrent 
                resolution on the budget that if sustained--
                            ``(i) in the case of a bill or joint 
                        resolution, the effect is the measure be 
                        recommitted to the appropriate committee for 
                        further consideration under section 312(f); or
                            ``(ii) in the case of any other measure, 
                        the effect is the same as if the Senate had 
                        disagreed to the measure; and
                    ``(B) the term `surgical strike point of order' 
                means a point of order under this Act, the Balanced 
                Budget and Emergency Deficit Control Act of 1985, the 
                Statutory Pay-As-You-Go Act of 2010, or a concurrent 
                resolution on the budget raised against a provision in 
                a measure that if sustained the effect is the provision 
                be stricken from the measure.
            ``(2) Waiver.--In the Senate, it shall be in order for a 
        Senator to move to waive all applicable general budget points 
        of order with respect to a bill, joint resolution, concurrent 
        resolution, motion, amendment, amendment between the Houses, or 
        conference report. An affirmative vote of three-fifths of the 
        Members of the Senate, duly chosen and sworn, shall be required 
        to sustain a motion made under this paragraph.
            ``(3) Prohibition.--
                    ``(A) In general.--In the Senate, it shall not be 
                in order for a Senator to move to waive all applicable 
                surgical strike points of order with respect to a bill, 
                joint resolution, concurrent resolution, motion, 
                amendment, amendment between the Houses, or conference 
                report, unless in response to a point of order being 
                raised.
                    ``(B) No waiver.--In the Senate, it shall not be in 
                order to move to waive or suspend subparagraph (A).''.

SEC. 504. EFFECTIVE DATE.

    The amendments made by this title shall take effect on the date of 
enactment of this Act.

                           TITLE VI--REPORTS

SEC. 601. REPORTS TO THE COMMITTEE ON FISCAL CONTROL AND THE BUDGET OF 
              THE SENATE AND THE COMMITTEE ON THE BUDGET OF THE HOUSE 
              OF REPRESENTATIVES.

    (a) In General.--Section 202(e) of the Congressional Budget Act of 
1974 (2 U.S.C. 602(e)) is amended--
            (1) by striking paragraph (2) and inserting the following:
            ``(2) The Director shall from time to time, as may be 
        necessary or appropriate to provide the Committee on the Budget 
        of the House of Representatives and the Committee on Fiscal 
        Control and the Budget of the Senate with information, data, 
        and analyses for the performance of their duties and functions, 
        submit to such committees further reports, including reports--
                    ``(A) revising the report required under paragraph 
                (1);
                    ``(B) analyzing the accuracy of the projections of 
                the Office of economic factors, total outlays, 
                revenues, surpluses or deficits, and debt;
                    ``(C) analyzing the accuracy of estimates, 
                comparisons, or descriptions, or components thereof, 
                that the Office prepared for legislation that has been 
                enacted; and
                    ``(D) updating economic projections, including 
                projections of the ratio of the debt held by the public 
                to the gross domestic product of the United States.''; 
                and
            (2) by adding at the end the following:
            ``(4) On or before December 20 of each year, the Director 
        shall submit to the Committee on the Budget of the House of 
        Representatives and the Committee on Fiscal Control and the 
        Budget of the Senate a report on--
                    ``(A) planned and recent transparency efforts, 
                including proposals on making supporting documents 
                covering methods and assumptions used in analyses and 
                cost estimates publicly available; and
                    ``(B) the feasibility of placing interactive models 
                online and releasing source code for computer programs 
                used in its analysis.
            ``(5) On or before January 15 of each year, the Director 
        shall submit to the Committee on the Budget of the House of 
        Representatives and the Committee on Fiscal Control and the 
        Budget of the Senate 1 or more reports analyzing the accuracy 
        of the projections of the Office of total outlays and revenues 
        for the previous fiscal year.
            ``(6)(A) The Director shall, to the extent practicable, 
        make public supplemental information for estimates provided by 
        the Office--
                    ``(i) in the case of major legislation described in 
                subparagraph (B)(i)(I), not later than 1 year after the 
                date of enactment of that legislation; and
                    ``(ii) in the case of major legislation described 
                in subparagraph (B)(i)(II), at a date prescribed by the 
                Chairman of the Committee on Fiscal Control and the 
                Budget of the Senate or the Committee on the Budget of 
                the House of Representatives.
            ``(B) In this paragraph:
                    ``(i) The term `major legislation' means a bill, 
                joint resolution, conference report, amendment, 
                amendment between the Houses, or treaty considered in 
                the Senate for which an estimate was prepared pursuant 
                to section 402(a)--
                            ``(I) that--
                                    ``(aa) was enacted; and
                                    ``(bb) causes a gross budgetary 
                                effect (before incorporating 
                                macroeconomic effects and not including 
                                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--
                                            ``(AA) 0.25 percent of the 
                                        current projected gross 
                                        domestic product of the United 
                                        States for that fiscal year; or
                                            ``(BB) for a treaty, equal 
                                        to or greater than 
                                        $15,000,000,000 for that fiscal 
                                        year; or
                            ``(II) designated as such by the Chairman 
                        of the Committee on Fiscal Control and the 
                        Budget of the Senate or the Chairman of the 
                        Committee on the Budget of the House of 
                        Representatives.
                    ``(ii) The term `supplemental information'--
                            ``(I) means the principal information used 
                        in estimating the costs and other fiscal or 
                        economic effects of major legislation; and
                            ``(II) includes key fiscal or policy 
                        models, assumptions, data preparation routines, 
                        and other similar information.''.
    (b) Applicability.--This amendments made by this section shall 
apply to estimates made on or after the date of enactment of this Act.

SEC. 602. REPORTING ON INTEREST EFFECTS AND BUDGETARY EFFECTS.

    (a) In General.--Section 402 of the Congressional Budget Act of 
1974 (2 U.S.C. 653) is amended--
            (1) in the matter preceding paragraph (1)--
                    (A) by inserting ``(a)'' before ``The Director''; 
                and
                    (B) by striking ``except the Committee on 
                Appropriations of each House'' and inserting ``except 
                that, for the Committee on Appropriations of each 
                House, the Director shall prepare a report only with 
                respect to a supplemental appropriation bill (which 
                shall include an estimate of the interest effects of 
                the bill)'';
            (2) in paragraph (1)--
                    (A) by striking ``4'' and inserting ``9''; and
                    (B) by inserting before the semicolon at the end 
                the following: ``, which shall include, and appear as 
                supplemental information in the estimate, year-by-year 
                estimates of the cost of servicing the debt produced as 
                a result of carrying out such bill or resolution'';
            (3) in the undesignated matter following subsection (a)(3), 
        as so designated, by inserting ``(b)'' before ``The 
        estimates''; and
            (4) by adding at the end the following:
    ``(c) The Director of the Congressional Budget Office shall, to the 
extent practicable, prepare for each bill or resolution of a public 
character reported by the Committee on Appropriations of each House and 
submit to such committee--
            ``(1) an estimate of the costs that would be incurred in 
        carrying out such bill or resolution in the fiscal year in 
        which the bill or resolution is to become effective;
            ``(2) an estimate of the costs for any advance 
        appropriations in the bill or resolution for the fiscal year in 
        which the budget authority for those appropriations first 
        becomes effective; and
            ``(3) a year-by-year estimate for any provision of the bill 
        or resolution that would have been estimated as affecting 
        direct spending or receipts under section 252 of the Balanced 
        Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 902) 
        (as in effect prior to September 30, 2002) if the provision was 
        included in legislation other than an appropriation Act.''.
    (b) Applicability.--This amendments made by this section shall 
apply to estimates made on or after the date of enactment of this Act.

SEC. 603. PORTFOLIO BUDGETING.

    (a) In General.--Section 202(e) of the Congressional Budget Act of 
1974 (2 U.S.C. 602(e)), as amended by section 601 of this Act, is 
amended by adding at the end the following:
            ``(7)(A) After November 15 of each year, the Director shall 
        submit to the Committee on Fiscal Control and the Budget of the 
        Senate and the Committee on the Budget of the House of 
        Representatives a report that includes--
                    ``(i) a list of all accounts in each functional 
                category in the portfolio for the respective fiscal 
                year described in subparagraph (B);
                    ``(ii) levels of budget authority for the previous 
                5 fiscal years for each account in each functional 
                category, sorted by discretionary and mandatory 
                amounts;
                    ``(iii) a list of major trust funds in each 
                portfolio and an accounting of the most recently 
                available projection of spending and nongovernmental 
                receipts dedicated to each trust fund;
                    ``(iv) the projected date of exhaustion under 
                current law for any entitlement authority derived from 
                a trust fund;
                    ``(v) options to reduce the deficit focused on the 
                major functional categories in the portfolio; and
                    ``(vi) an analysis of various alternative scenarios 
                affecting major accounts in each such portfolio and the 
                potential budgetary and economic ramifications.
            ``(B) The portfolio described in this subparagraph shall 
        include the following major functional categories:
                    ``(i) For the first fiscal year beginning after the 
                date of enactment of this paragraph--
                            ``(I) National Defense (050);
                            ``(II) International Affairs (150);
                            ``(III) Veterans Benefits and Services 
                        (700); and
                            ``(IV) Administration of Justice (750).
                    ``(ii) For the second fiscal year beginning after 
                the date of enactment of this paragraph--
                            ``(I) Health (550); and
                            ``(II) Medicare (570).
                    ``(iii) For the third fiscal year beginning after 
                the date of enactment of this paragraph--
                            ``(I) General Science, Space, and 
                        Technology (250);
                            ``(II) Transportation (400);
                            ``(III) Community and Regional Development 
                        (450); and
                            ``(IV) Education, Training, Employment, and 
                        Social Services (500).
                    ``(iv) For the fourth fiscal year beginning after 
                the date of enactment of this paragraph--
                            ``(I) Energy (270);
                            ``(II) Natural Resources and Environment 
                        (300);
                            ``(III) Agriculture (350); and
                            ``(IV) General Government (800).
                    ``(v) For the fifth fiscal year beginning after the 
                date of enactment of this paragraph--
                            ``(I) Commerce and Housing Credit (370);
                            ``(II) Income Security (600); and
                            ``(III) Social Security (650).
            ``(C) For the sixth fiscal year and subsequent fiscal years 
        beginning after the date of enactment of this paragraph, each 
        portfolio shall include the same functional categories and 
        submitted in the same order as the portfolios described in 
        subparagraph (B).''.
    (b) GAO Report.--On or before November 15 of each year, the 
Comptroller General shall submit to the Committee on Fiscal Control and 
the Budget of the Senate and the Committee on the Budget of the House 
of Representatives a report with respect to the portfolios described in 
paragraph (7)(B) of 202(e) of the Congressional Budget Act of 1974 (2 
U.S.C. 602(e)), as added by subsection (a) of this section, for the 
major functional categories in each portfolio, to be submitted in the 
order described in that paragraph, that includes--
            (1) a list of duplicative, overlapping, and fragmented 
        accounts in each portfolio, taking into consideration the goals 
        of each account;
            (2) a list of any high-risk programs in the portfolio;
            (3) a list of programs with a primary source of funding 
        that has moved from direct spending to discretionary spending 
        or program funding that has moved from discretionary spending 
        to direct spending;
            (4) an analysis of various alternative scenarios affecting 
        major accounts in each such portfolio and the potential 
        budgetary and economic ramifications; and
            (5) legislative and funding history for the 10 largest 
        accounts with greater than $1,000,000,000 in budget authority 
        with the greatest percentage of budget authority fluctuations 
        in each portfolio over the most recent 5-year period.

SEC. 604. BUDGET CONTENTS AND SUBMISSION TO CONGRESS.

    Section 1105(a) of title 31, United States Code, is amended by 
adding at the end the following:
            ``(40) a separate volume for proposals relating to each 
        portfolio for the relevant fiscal year described in paragraph 
        (7)(B) of section 202(e) of the Congressional Budget Act of 
        1974 (2 U.S.C. 602(e)), which shall include justifications for 
        any change to a Government activity or function.''.

     TITLE VII--MODIFICATION OF CONSIDERATION OF BUDGET RESOLUTION

SEC. 701. MODIFICATION OF CONSIDERATION OF BUDGET RESOLUTION.

    Section 305(b) of the Congressional Budget Act of 1974 (2 U.S.C. 
636(b)) is amended--
            (1) in the subsection heading, by striking ``Debate'' and 
        inserting ``Consideration'';
            (2) in paragraph (1)--
                    (A) in the first sentence--
                            (i) by striking ``Debate in the Senate on'' 
                        and inserting ``Consideration in the Senate 
                        of''; and
                            (ii) by striking ``such debate'' and 
                        inserting ``such consideration''; and
                    (B) by inserting after the first sentence the 
                following: ``Up to 15 minutes of the time elapsed 
                during each vote by the Senate in relation to an 
                amendment to or motion on a concurrent resolution on 
                the budget shall be counted in determining the period 
                of consideration of the resolution by the Senate.'';
            (3) in paragraph (2), by striking ``2 hours'' and inserting 
        ``1 hour'';
            (4) in paragraph (3)--
                    (A) by inserting ``(A)'' before ``Following'';
                    (B) by striking ``four hours'' and inserting ``2 
                hours''; and
                    (C) by adding at the end the following:
            ``(B) Following the expiration of the period described in 
        subparagraph (A), consideration with respect to amendments to 
        the resolution shall be in order. General debate in the Senate 
        on a concurrent resolution on the budget shall be limited to 20 
        hours, which shall include the 2-hour period described in 
        subparagraph (A), with all remaining time for consideration 
        reserved for amendments. Amendments shall be nondivisible. 
        Consideration of amendments to a concurrent resolution on the 
        budget shall alternate between those offered by members of the 
        majority and those offered by members of the minority.'';
            (5) in paragraph (5), by adding at the end the following: 
        ``A motion to table such a motion to recommit shall be in order 
        at any time.'';
            (6) by redesignating paragraph (6) as paragraph (7); and
            (7) by inserting after paragraph (5) the following:
            ``(6) After the conclusion of the period for consideration 
        of a concurrent resolution on the budget, the Senate shall 
        proceed, without any further debate on any question, to vote on 
        the final disposition thereof to the exclusion of all 
        amendments not then actually pending before the Senate at that 
        time and to the exclusion of all motions, except a motion to 
        table or to reconsider and 1 quorum call on demand to establish 
        the presence of a quorum (and motions required to establish a 
        quorum) immediately before the vote on adoption of the 
        concurrent resolution on the budget begins.''.

                       TITLE VIII--EFFECTIVE DATE

SEC. 801. EFFECTIVE DATE; APPLICABILITY.

    Except as provided in sections 504, 601(b), and 602(b), this Act 
and the amendments made by this Act shall--
            (1) take effect on the date of enactment of this Act; and
            (2) apply with respect to fiscal year 2022 and each fiscal 
        year thereafter.
                                 <all>