Detailed Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Restoring Fiscal Discipline Act of
2007''.

SEC. 2. PAY-AS-YOU-GO POINT OF ORDER IN THE SENATE.

(a) Pay-as-You-Go Point of Order in the Senate.--
(1) In general.--For purposes of Senate enforcement, it
shall not be in order in the Senate to consider any direct
spending or revenue legislation that would increase the on-
budget deficit or cause an on-budget deficit for any one of the
4 applicable time periods as measured in paragraphs (5) and
(6).
(2) Applicable time periods.--For purposes of this
subsection, the term ''applicable time periods'' means any 1 of
the 4 following periods:
(A) The current year.
(B) The budget year.
(C) The period of the 5 fiscal years following the
current year.
(D) The period of the 5 fiscal years following the
5 fiscal years referred to in subparagraph (C).
(3) Direct-spending legislation.--For purposes of this
subsection and except as provided in paragraph (4), the term
''direct-spending legislation'' means any bill, joint
resolution, amendment, motion, or conference report that
affects direct spending as that term is defined by, and
interpreted for purposes of, the Balanced Budget and Emergency
Deficit Control Act of 1985.
(4) Exclusion.--For purposes of this subsection, the terms
''direct-spending legislation'' and ''revenue legislation'' do
not include--
(A) any concurrent resolution on the budget; or
(B) any provision of legislation that affects the
full funding of, and continuation of, the deposit
insurance guarantee commitment in effect on the date of
enactment of the Budget Enforcement Act of 1990.
(5) Baseline.--Estimates prepared pursuant to this section
shall--
(A) use the baseline surplus or deficit used for
the most recently adopted concurrent resolution on the
budget; and
(B) be calculated under the requirements of
subsections (b) through (d) of section 257 of the
Balanced Budget and Emergency Deficit Control Act of
1985 for fiscal years beyond those covered by that
concurrent resolution on the budget.
(6) Prior surplus.--If direct spending or revenue
legislation increases the on-budget deficit or causes an on-
budget deficit when taken individually, it must also increase
the on-budget deficit or cause an on-budget deficit when taken
together with all direct spending and revenue legislation
enacted since the beginning of the calendar year not accounted
for in the baseline under paragraph (5)(A), except that direct
spending or revenue effects resulting in net deficit reduction
enacted pursuant to reconciliation instructions since the
beginning of that same calendar year shall not be available.
(b) Waiver.--This section may be waived or suspended in the Senate
only by the affirmative vote of three-fifths of the Members, duly
chosen and sworn.
(c) Appeals.--Appeals in the Senate from the decisions of the Chair
relating to any provision of this section shall be limited to 1 hour,
to be equally divided between, and controlled by, the appellant and the
manager of the bill or joint resolution, as the case may be. An
affirmative vote of three-fifths of the 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 section.
(d) Determination of Budget Levels.--For purposes of this section,
the levels of new budget authority, outlays, and revenues for a fiscal
year shall be determined on the basis of estimates made by the
Committee on the Budget of the Senate.
(e) Sunset.--This section shall expire on September 30, 2012.

SEC. 3. RECONCILIATION FOR DEFICIT REDUCTION OR INCREASING THE SURPLUS
IN THE SENATE.

(a) In General.--It shall not be in order in the Senate to consider
under the expedited procedures applicable to reconciliation in sections
305 and 310 of the Congressional Budget Act of 1974 any bill,
resolution, amendment, amendment between Houses, motion, or conference
report that increases the deficit or reduces the surplus in the first
fiscal year covered by the most recently adopted concurrent resolution
on the budget, the period of the first 5 fiscal years covered by the
most recently adopted concurrent resolution on the budget, or the
period of the 5 fiscal years following the first 5 fiscal years covered
by the most recently adopted concurrent resolution on the budget.
(b) Budget Resolution.--It shall not be in order in the Senate to
consider pursuant to sections 301, 305, or 310 of the Congressional
Budget Act of 1974 pertaining to concurrent resolutions on the budget
any resolution, concurrent resolution, amendment, amendment between the
Houses, motion, or conference report that contains any reconciliation
directive that would increase the deficit or reduce the surplus in the
first fiscal year covered by the most recently adopted concurrent
resolution on the budget, the period of the first 5 fiscal years
covered by the most recently adopted concurrent resolution on the
budget, or the period of the 5 fiscal years following the first 5
fiscal years covered by the most recently adopted concurrent resolution
on the budget.
(c) Supermajority Waiver and Appeal.--This section may be waived or
suspended in the Senate only by an affirmative vote of /5\ of the
Members, duly chosen and sworn. An affirmative vote of /5\ of the
Members of the Senate, duly chosen and sworn, shall be required in the
Senate to sustain an appeal of the ruling of the Chair on a point of
order raised under this section.
A:
Restoring Fiscal Discipline Act of 2007 - Makes it out of order in the Senate to consider any direct spending or revenue legislation that would increase or cause an on-budget deficit during certain specified time periods.

Makes it out of order in the Senate to consider, under the expedited procedures applicable to reconciliation in the Congressional Budget Act of 1974 (CBA), any bill, resolution, amendment, amendment between chambers, motion, or conference report that increases the deficit or reduces the surplus in the first fiscal year or the ensuing five or 10 fiscal years covered by the most recently adopted concurrent resolution on the budget.

Makes it out of order in the Senate to consider, pursuant to CBA, any resolution, concurrent resolution, amendment, amendment between the chambers, motion, or conference report that contains reconciliation directives that would increase the deficit or reduce the surplus in such fiscal years.