,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #abjb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ad1 #bjac ,mr4  
,au/9 ,scott ( ,georgia 7= himself1 ,mr4
 ,duncan ( ,s\? ,c>ol9a1 & ,mr4         
,we/morel&7 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ! ,budget1 
& 9 addition to ! ,committee on ,rules1 
= a p]iod to be subsequ5tly det]m9$ by !
 ,speak]1 9 ea* case = consid]ation (   
su* provisions z fall )9 ! jurisdiction 
( ! committee conc]n$  ,a ,,bill  ,to   
prev5t a fiscal crisis by enact+        
legislation to balance ! ,f$]al budget  
?r\gh r$uctions ( discretion>y & m&atory
 sp5d+4  #a4 ,%ort title ,?is ,act may  
be cit$ z ! ,"o ,p]c5t ,sp5d+ ,r$uction 
,act ( #bjac4  #b4 ,congressional f9d+s 
& purpose  7a7 ,f9d+s ,! ,congress f9ds 
! foll[+3  7#a7 ,! fiscal crisis fac$ by
 ! ,f$]al ,gov]nm5t dem&s imm$iate      
action4  7#b7 ,! dramatic gr[? 9 sp5d+ &
 debt 9 rec5t ye>s ?reat5s our economic 
& national security3  7,a7 ,f$]al sp5d+ 
has gr[n f #ah p]c5t ( ,,gdp 9 #bjja to 

ne>ly #bc p]c5t ( ,,gdp 9 #bjab4  7,b7  
,total ,f$]al debt exce$s               
#af1jjj1jjj1jjj1jjj & is project$ to    
increase ea* ye> ov] ! next #aj ye>s4   
7,c7 ,)\t action1 ! ,f$]al ,gov]nm5t w  
cont9ue to run massive deficits 9 ! next
 decade & total ,f$]al debt w rise to   
#bf1jjj1jjj1jjj1jjj by #bjbc4  7,d7     
,int]e/ paym5ts on ?is debt w soon rise 
to ! po9t :]e balanc+ ! budget z a matt]
 ( policy is beyond ! rea* ( ,congress4 
7#c7 ,due to rec5t tax hikes1 ,f$]al    
rev5ues are s*$ul$ to rise to           
approximately #ai p]c5t ( ,,gdp1 a full 
p]c5tage po9t above ! av]age ( ab\t #ah 
p]c5t ( ,,gdp ov] ! pa/ #dj ye>s4  7#d7 
,abs5t re=m1 ! gr[? ( ,social ,security1
 ,m$ic>e1 ,m$icaid1 & o!r heal?-relat$  
sp5d+ w ov]:elm all o!r ,f$]al programs 
& consume all project$ tax rev5ues4  7b7
 ,purpose ,! purpose ( ?is ,act is to   
address ! fiscal crisis by--  7#a7 act+ 
quickly to balance ! ,f$]al budget &    
elim9ate ! p>ade ( deficits & balloon+  
int]e/ paym5ts2  7#b7 a*iev+ balance by 

r$uc+ sp5d+ "o p]c5t p] ye> until sp5d+ 
equals project$ long-t]m rev5ues2 &     
7#c7 re=m+ entitlem5t programs to ensure
 long-t]m fiscal /ability & balance4    
#c4 ,e/abli%m5t & en=cem5t ( sp5d+ cap  
7a7 ,outlay caps ,! ,balanc$ ,budget &  
,em]g5cy ,deficit ,control ,act ( #aihe 
is am5d$ by ins]t+ aft] section #bec !  
foll[+3  #bec;,a4 ,e/abli%+ outlay caps 
,9 ?is section1 ! t]m outlay cap means3 
7a7 ,fiscal ye> #bjad ,= fiscal ye>     
#bjad1 ! aggregate project$ outlays     
7less int]e/ paym5ts7 = fiscal ye> #bjac
 7z e/imat$ by ! ,congressional ,budget 
,(fice prior to ,m>*1 #bjac71 less "o   
p]c5t4  7b7 ,fiscal ye> #bjae ,= fiscal 
ye> #bjae1 ! aggregate project$ outlays 
7less int]e/ paym5ts7 = fiscal ye> #bjad
 7z e/imat$ by ! ,congressional ,budget 
,(fice prior to ,m>*1 #bjad71 less "o   
p]c5t4  7c7 ,fiscal ye> #bjaf ,= fiscal 
ye> #bjaf1 ! aggregate project$ outlays 
7less int]e/ paym5ts7 = fiscal ye> #bjae
 7z e/imat$ by ! ,congressional ,budget 
,(fice prior to ,m>*1 #bjae71 less "o   

p]c5t4  7d7 ,fiscal ye> #bjag ,= fiscal 
ye> #bjag1 ! aggregate project$ outlays 
7less int]e/ paym5ts7 = fiscal ye> #bjaf
 7z e/imat$ by ! ,congressional ,budget 
,(fice prior to ,m>*1 #bjaf71 less "o   
p]c5t4  7e7 ,fiscal ye> #bjah ,= fiscal 
ye> #bjah1 ! aggregate project$ outlays 
7less int]e/ paym5ts7 = fiscal ye> #bjag
 7z e/imat$ by ! ,congressional ,budget 
,(fice prior to ,m>*1 #bjag71 less "o   
p]c5t4  7f7 ,fiscal ye> #bjai &         
subsequ5t fiscal ye>s ,= fiscal ye>     
#bjai & = ea* subsequ5t fiscal ye>1 #ah 
p]c5t ( ,gross ,dome/ic ,product = t    
cal5d> ye> 7z e/imat$ by !              
,congressional ,budget ,(fice prior to  
,m>* ( ! previ\s fiscal ye>74  4  7b7   
,con=m+ am5dm5ts to ,,bb$ca  7#a7       
,seque/ration preview reports ,section  
#bed7;c77#d7 ( ! ,balanc$ ,budget &     
,em]g5cy ,deficit ,control ,act ( #aihe 
is am5d$ to read z foll[s3  7#d7 ,outlay
 cap seque/ration reports ,! preview    
reports %all set =? = ! budget ye>      
e/imates = ! foll[+3  7,a7 7i7 ,= ea* ( 

budget ye>s #bjad ?r\gh #bjai3 !        
aggregate project$ outlays 7less net    
int]e/ paym5t71 less "o p]c5t4  7ii7 ,= 
budget ye> #bjbj & ea* subsequ5t budget 
ye>3 ! e/imat$ gross dome/ic product    
7,,gdp7 = t budget ye>4  7,b7 ,! am\nt (
 r$uctions requir$ "u section #bec;,a4  
7,c7 ,! seque/ration p]c5tage necess>y  
to a*ieve ! requir$ r$uction "u section 
#bec;,a4  4  7#b7 ,f9al seque/ration    
reports ,section #bed7;f77#c7 ( !       
,balanc$ ,budget & ,em]g5cy ,deficit    
,control ,act ( #aihe is am5d$ to read z
 foll[s3  7#c7 ,outlay caps seque/ration
 reports ,! f9al reports %all conta9 all
 ! in=mation requir$ 9 ! outlay cap     
seque/ration preview reports4 ,9        
addition1 ^! report %all conta91 = !    
budget ye>1 = ea* acc\nt to be seque/]$1
 e/imates ( ! basel9e level (           
seque/rable budget>y res\rces & result+ 
outlays & ! am\nt ( budget>y s\rces to  
be seque/]$ & result 9 outlay r$uctions4
 ,! report %all also conta9 e/imates ( !
 effects on outlays on ! seque/ration ( 

ea* outye> = direct sp5d+ programs4  4  
7c7 ,en=cem5t ,title ,,iii ( !          
,congressional ,budget ,act ( #aigd is  
am5d$ by add+ aft] section #cae !       
foll[+3  #caf4 ,en=cem5t proc$ures  7a7 
,outlay caps ,x %all n be 9 ord] 9 !    
,h\se ( ,repres5tatives or ! ,s5ate to  
consid] any bill1 jo9t resolution1      
am5dm5t1 or conf]5ce report t includes  
any provision t w\ld cause ! mo/ rec5tly
 report$1 curr5t outlay cap set =? 9    
section #bec;,a ( ! ,balanc$ ,budget &  
,em]g5cy ,deficit ,control ,act ( #aihe 
to be brea*$4  7b7 ,waiv] or susp5sion  
7#a7 ,9 ! ,s5ate ,! provisions ( ?is    
section may be waiv$ or susp5d$ 9 !     
,s5ate only by ! affirmative vote (     
two-?irds ( ! ,memb]s1 duly *os5 &      
sworn4  7#b7 ,9 ! ,h\se ,! provisions ( 
?is section may be waiv$ or susp5d$ 9 ! 
,h\se ( ,repres5tatives only by a rule  
or ord] propos+ only to waive su*       
provisions by an affirmative vote (     
two-?irds ( ! ,memb]s1 duly *os5 &      
sworn4  7c7 ,po9t ( ord] protection ,9 !

 ,h\se1 x %all n be 9 ord] to consid] a 
rule or ord] t waives ! application (   
p>agraph 7#b7 ( subsection 7b74  7d7    
,motion ,to susp5d ,x %all n be 9 ord] =
 ! ,speak] to ent]ta9 a motion to susp5d
 ! application ( ?is section "u clause  
#a ( rule ,,xv4  4  #d4 ,con=m+ am5dm5ts
 ,! table ( cont5ts set =? 9--  7#a7    
section #a7;b7 ( ! ,congressional       
,budget & ,imp\ndm5t ,control ,act (    
#aigd is am5d$ by ins]t+ aft] ! item    
relat+ to section #cae ! foll[+ new     
item3  ,sec4 #caf4 ,en=cem5t proc$ures4 
2  &  7#b7 section #bej7;a7 ( ! ,balanc$
 ,budget & ,em]g5cy ,deficit ,control   
,act ( #aihe is am5d$ by ins]t+ aft] !  
item relat+ to section #bec ! foll[+ new
 item3  ,sec4 #bec;,a4 ,e/abli%+ outlay 
caps4  4  #e4 ,effective date ,?is ,act 
& ! am5dm5ts made by x %all apply to    
fiscal ye> #bjad & subsequ5t fiscal     
ye>s1 includ+ any reports & calculations
 requir$ = implem5tation 9 fiscal ye>   
#bjad4