,i #aacth ,,congress #ast ,session ,h4 ,r4 #abgj ,,in ,,the ,,house ,,of ,,representatives ,march #ai1 #bjac ,mrs4 ,roby 7for herself1 ,mrs4 ,ellmers1 ,mr4 ,gibbs1 ,mr4 ,gardner1 ,mr4 ,brooks of ,alabama1 ,mr4 ,kinzinger of ,illinois1 and ,mr4 ,griffin of ,arkansas7 introduced the following bill2 which was referred to the ,committee on the ,budget1 and in addition to the ,committees on ,rules and ,oversight and ,government ,reform1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to provide for greater transparency and honesty in the ,federal budget process4 #a4 ,short title and table of contents 7a7 ,short title ,this ,act may be cited as the ,honest ,budget ,act of #bjac4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title and table of contents4 ,sec4 #b4 ,no budget--no appropriations4 ,sec4 #c4 ,no phony emergency or disaster designations4 ,sec4 #d4 ,strengthen the ,federal ,credit ,reform ,act of #aiij4 ,sec4 #e4 ,no changes in mandatory programs in appropriation bills4 ,sec4 #f4 ,don't count rescissions that don't save money4 ,sec4 #g4 ,suspension of step increases for ,federal employees during a pay-adjustment suspension period4 ,sec4 #h4 ,point of order against advance appropriations4 ,sec4 #i4 ,prohibit timing shifts4 ,sec4 #aj4 ,budget scoring rule relating to transfers from the general fund of the ,treasury to the ,highway ,trust ,fund that increase public indebtedness4 ,sec4 #aa4 ,requirement in budget submission with respect to the cost per taxpayer of the deficit4 #b4 ,no budget--no appropriations ,section #ijd of the ,congressional ,budget ,act of #aigd 7#b ,u4,s4,c4 #fba note7 is amended-- 7#a7 in subsection 7c77#a71 by inserting after ,sections the following3 #cjc7;c712 and 7#b7 in subsection 7d77#b71 by inserting after sections the following3 #cjc7;c714 #c4 ,no phony emergency or disaster designations 7a7 ,emergency requirement in a bill1 joint resolution1 or conference report 7#a7 ,in general ,it shall not be in order in the ,house of ,representatives or the ,senate to consider any bill1 joint resolution1 or conference report that-- 7,a7 designates as an emergency requirement1 pursuant to section #djc of ,s4 ,con4 ,res4 #ac 7#aajth ,congress1 the ,,fy #bjaj ,budget ,resolution71 clause #aj7;c7 of rule ,,xxi of the ,rules of the ,house of ,representatives1 section #d7;g7 of the ,statutory ,pay-,as-,you-,go ,act of #bjaj1 or section #bea7;b77#b77;,a77i7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe any provision that creates discretionary or direct spending or decreases revenues2 or 7,b7 designates as being for disaster relief pursuant to section #bea7;b77#b77;,d7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe4 7#b7 ,waiver ,an affirmative vote of three-fifths of the ,members1 duly chosen and sworn1 shall be required to sustain an appeal of the ruling of the ,chair on a point of order against such a measure raised under this subsection4 7#c7 ,exception ,for purposes of this subsection1 a conference report may include an emergency designation only if it was also adopted in the ,house of ,representatives or ,senate version of the measure subject to the conference report4 7b7 ,emergency requirement in an amendment 7#a7 ,in general ,it shall not be in order in the ,house of ,representatives or the ,senate to consider any bill1 joint resolution1 or conference report that-- 7,a7 designates as an emergency requirement1 pursuant to section #djc of ,s4 ,con4 ,res4 #ac 7#aajth ,congress1 the ,,fy #bjaj ,budget ,resolution71 clause #aj7;c7 of rule ,,xxi of the ,rules of the ,house of ,representatives1 section #d7;g7 of the ,statutory ,pay-,as-,you-,go ,act of #bjaj1 or section #bea7;b77#b77;,a77i7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe any provision that creates discretionary or direct spending or decreases revenues2 or 7,b7 designates as being for disaster relief pursuant to section #bea7;b77#b77;,d7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe4 7#b7 ,waiver and appeal ,a point of order against an amendment under this subsection may be waived or suspended only by an affirmative vote of three-fifths of the ,members1 duly chosen and sworn4 ,in the ,senate1 an affirmative vote of three-fifths of the ,members1 duly chosen and sworn1 shall be required to sustain an appeal of the ruling of the ,chair on a point of order against such an amendment raised under this subsection4 7c7 ,rules or orders in the ,house of ,representatives ,in the ,house of ,representatives1 it shall not be in order to consider a rule or order that waives the application of subsection 7a7 or 7b74 ,as disposition of a point of order under this subsection1 the ,chair shall put the question of consideration with respect to the rule or order4 ,the question of consideration shall be debatable for #aj minutes by the ,member initiating the point of order and for #aj minutes by an opponent1 but shall otherwise be decided without intervening motion except one that the ,house adjourn4 7d7 ,changes to the ,statutory ,pay-,as-,you-,go ,act of #bjaj ,section #d7;g7 of the ,statutory ,pay-,as-,you-,go ,act of #bjaj is amended by striking paragraph 7#c7 and inserting the following3 7#c7 ,designation in the ,house of ,representatives or the ,senate ,a provision or provisions designated as an emergency requirement pursuant to this section are subject to section #c of the ,honest ,budget ,act of #bjac4 4 #d4 ,strengthen the ,federal ,credit ,reform ,act of #aiij ,title ,v of the ,congressional ,budget ,act of #aiij is amended to read as follows3 ,v ,credit reform #ejj4 ,short title ,this title may be cited as the ,federal ,credit ,reform ,act of #aiij4 #eja4 ,purposes ,the purposes of this title are to-- 7#a7 measure more accurately the costs of ,federal credit programs and financial investments by accounting for them on a fair value basis2 7#b7 place the cost of credit programs and financial investments on a budgetary basis equivalent to other ,federal spending2 7#c7 encourage the delivery of benefits in the form most appropriate to the needs of beneficiaries2 and 7#d7 improve the allocation of resources among ,federal programs4 #ejb4 ,definitions ,for purposes of this title3 7#a7 ,the term direct loan means a disbursement of funds by the ,government to a non-,federal borrower under a contract that requires the repayment of such funds with or without interest4 ,the term includes the purchase of1 or participation in1 a loan made by another lender and financing arrangements that defer payment for more than #ij days1 including the sale of a ,government asset on credit terms4 ,the term does not include the acquisition of a federally guaranteed loan in satisfaction of default claims or the price support loans of the ,commodity ,credit ,corporation4 7#b7 ,the term direct loan obligation means a binding agreement by a ,federal agency to make a direct loan when specified conditions are fulfilled by the borrower4 7#c7 ,the term loan guarantee means any guarantee1 insurance1 or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-,federal borrower to a non-,federal lender1 but does not include the insurance of deposits1 shares1 or other withdrawable accounts in financial institutions4 7#d7 ,the term loan guarantee commitment means a binding agreement by a ,federal agency to make a loan guarantee when specified conditions are fulfilled by the borrower1 the lender1 or any other party to the guarantee agreement4 7#e7 7,a7 ,the term financial investment means an investment by the ,government in any securities 7debt or equity71 stocks1 bonds1 or futures1 options1 swaps1 or other derivatives1 issued by a non-,federal entity1 including ,state1 local tribal1 and foreign governments1 and private organizations1 regardless of whether the issuances are federally guaranteed1 or issued by a ,federal entity if the issuance consists of marketable securities4 7,b7 ,the term includes ,government investments in money market and mutual funds1 even if the money market or mutual fund's assets consist entirely of ,federal securities4 7#f7 ,the term financial investment commitment means a binding agreement by a ,federal agency to acquire a financial investment when specified conditions are fulfilled by other party to the investment agreement4 7#g7 7,a7 ,the term cost means the sum of the ,treasury discounting component and the risk component of a direct loan1 loan guarantee1 or financial investment or a modification thereof4 7,b7 ,the ,treasury discounting component shall be the estimated long-term cost to the ,government of a direct loan1 loan guarantee1 or financial investment or modification thereof1 calculated on a net present value basis1 excluding administrative costs and any incidental effects on governmental receipts or outlays4 7,c7 ,the risk component shall be an amount equal to the difference between-- 7i7 the estimated long-term cost to the ,government of a direct loan1 loan guarantee1 or financial investment or modification thereof1 estimated on a fair value basis1 applying the guidelines set forth by the ,financial ,accounting ,standards ,board in ,financial ,accounting ,standards #aeg1 or a successor thereto1 excluding administrative costs and any incidental effects on governmental receipts or outlays2 and 7ii7 the ,treasury discounting component of such direct loan1 loan guarantee1 or financial investment or modification thereof4 7,d7 ,the ,treasury discounting component of a direct loan shall be the net present value1 at the time when the direct loan is disbursed1 of the following estimated cash flows3 7i7 ,loan disbursements4 7ii7 ,repayments of principal4 7iii7 ,essential preservation expenses1 payments of interest and other payments by or to the ,government over the life of the loan after adjusting for estimated defaults1 prepayments1 fees1 penalties1 and other recoveries1 including the effects of changes in loan terms resulting from the exercise by the borrower of an option included in the loan contract4 7,e7 ,the ,treasury discounting component of a loan guarantee shall be the net present value1 at the time when the direct loan is disbursed1 of the following estimated cash flows3 7i7 ,payments by the ,government to cover defaults and delinquencies1 interests subsidies1 essential preservation expenses1 or other payments4 7ii7 ,payments to the ,government including origination and other fees1 penalties1 and recoveries1 including the effects of changes in loan terms resulting from the exercise by the guaranteed lender of an option included in the loan guarantee contract1 or by the borrower of an option included in the guaranteed loan contract4 7,f7 ,the ,treasury discounting component of a financial investment shall be the net present value1 at the time the financial investment is executed1 of the following estimated cash flows3 7i7 ,payments by the ,government including essential preservation expenses4 7ii7 ,payments to the ,government including any dividends1 periodic payments1 fees1 penalties1 or recoveries4 ,including the effects of changes in investment terms resulting from the exercise by the non-,federal entity of an option included in the investment contract4 7,g7 ,the cost of a modification is the sum of-- 7i7 the difference between the current estimate of the ,treasury discounting component of the remaining cash flows under the terms of a direct loan1 loan guarantee1 or financial investment contract1 and the current estimate of the ,treasury discounting component of the remaining cash flows under the terms of the contract1 as modified2 and 7ii7 the difference between the current estimate of the risk component of the remaining cash flows under the terms of a direct loan1 loan guarantee1 or financial investment contract1 and the current estimate of the risk component of the remaining cash flows under the terms of the contract as modified4 7,h7 ,in estimating ,treasury discounting components1 the discount rate shall be the average interest rate on marketable ,treasury securities of similar duration to the cash flows of the direct loan or loan guarantee for which the estimate is being made4 7,i7 ,when funds are obligated for a direct loan or loan guarantee1 the estimated cost shall be based on the current assumptions1 adjusted to incorporate the terms of the loan contract1 for the fiscal year in which the funds are obligated4 7#h7 ,the term program account means the budget account into which an appropriation to cover the cost of a direct loan1 loan guarantee1 or financial investment program is made and from which such cost is disbursed to the financing account4 7#i7 ,the term financing account means the nonbudget account or accounts associated with each program account which holds balances1 receives the cost payment from the program account1 and also includes all other cash flows to and from the ,government resulting from direct loan obligations or loan guarantee commitments made on or after ,october #a1 #aiia1 or financial investment commitments made on or after ,october #a1 #bjaf4 7#aj7 ,the term liquidating account means the budget account that includes all cash flows to and from the ,government resulting from direct loan obligations or loan guarantee commitments made prior to ,october #a1 #aiia4 ,these accounts shall be shown in the budget on a cash basis4 7#aa7 ,the term modification means any ,government action that alters the estimated cost of an outstanding direct loan 7or direct loan obligation71 an outstanding loan guarantee 7or loan guarantee commitment71 or outstanding financial investment 7or financial investment commitment7 from the current estimate of cash flows4 ,this includes the sale of loan assets1 with or without recourse1 and the purchase of guaranteed loans 7or direct loan obligations71 loan guarantees 7or loan guarantee commitments71 financial investments 7or financial investment commitments7 such as a change in collection procedures4 7#ab7 ,the term current has the same meaning as in section #bej7;c77#i7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe4 7#ac7 ,the term ,director means the ,director of the ,office of ,management and ,budget4 7#ad7 ,the term administrative costs means costs related to program management activities1 but does not include essential preservation expenses4 7#ae7 ,the term essential preservation expenses means servicing and other costs that are essential to preserve the value of loan assets or collateral4 #ejc4 ,,omb and ,,cbo analysis1 coordination1 and review 7a7 ,in general ,for the executive branch1 the ,director shall be responsible for coordinating the estimates required by this title4 ,the ,director shall consult with the agencies that administer direct loan or loan guarantee1 or financial investment programs4 7b7 ,delegation ,the ,director may delegate to agencies authority to make estimates of costs4 ,the delegation of authority shall be based upon written guidelines1 regulations1 or criteria consistent with the definitions in this title4 7c7 ,coordination with the ,congressional ,budget ,office ,in developing estimation guidelines1 regulations1 or criteria to be used by ,federal agencies1 the ,director shall consult with the ,director of the ,congressional ,budget ,office4 7d7 ,improving cost estimates ,the ,director and the ,director of the ,congressional ,budget ,office shall coordinate the development of more accurate data on historical performance and prospective risk of direct loan1 loan guarantee1 and financial investment programs4 ,they shall annually review the performance of outstanding direct loans1 loan guarantees1 and financial investment to improve estimates of costs4 ,the ,office of ,management and ,budget and the ,congressional ,budget ,office shall have access to all agency data that may facilitate the development and improvement of estimates of costs4 7e7 ,historical credit programs costs ,the ,director shall review1 to the extent possible1 historical data and develop the best possible estimates of adjustments that would convert aggregate historical budget data to credit reform accounting4 #ejd4 ,budgetary treatment 7a7 ,president's budget ,beginning with fiscal year #aiib1 the ,president's budget shall reflect the ,treasury discounting component of direct loan and loan guarantee programs4 ,beginning with fiscal year #bjag1 the ,president's budget shall reflect the costs of direct loan1 loan guarantee1 and financial investment programs4 ,the budget shall also include the planned level of new direct loan obligations1 loan guarantee commitments1 or financial investment commitments associated with each appropriations request4 7b7 ,appropriations required ,notwithstanding any other provision of law1 new direct loan obligations may be incurred and new loan guarantee commitments may be made of fiscal year #aiib and thereafter and new financial investment commitments may be made for fiscal year #bjag and thereafter only to the extent that-- 7#a7 new budget authority to cover their costs is provided in advance in an appropriations ,act2 7#b7 a limitation on the use of funds otherwise available for the cost of a direct loan1 loan guarantee1 or financial investment program has been provided in advance in an appropriations ,act2 or 7#c7 authority is otherwise provided in appropriation ,acts4 7c7 ,exemption for mandatory programs ,subsections 7b7 and 7e7 shall not apply to a direct loan or loan guarantee program that-- 7#a7 constitutes an entitlement 7such as the guaranteed student loan program or the veteran's home loan guaranty program72 or 7#b7 all existing credit programs of the ,commodity ,credit ,corporation on the date of enactment of this title4 7d7 ,budget accounting 7#a7 ,the authority to incur new direct loan obligations1 make new loan guarantee commitments1 make new financial investment commitments1 or modify outstanding direct loans 7or direct loan obligations71 loan guarantees 7or loan guarantee commitments71 financial investments 7or financial investment commitments7 shall constitute new budget authority in an amount equal to the cost of the direct loan or loan guarantee in the fiscal year in which definite authority becomes available or indefinite authority is used4 ,such budget authority shall constitute an obligation of the program account to pay to the financing account4 7#b7 ,the outlays resulting from new budget authority for the cost of direct loans1 loan guarantees1 or financial investment described in paragraph 7#a7 shall be paid from the program account into the financing account and recorded in the fiscal year in which the direct loan1 the guaranteed loan1 or financial investment is disbursed or its costs altered4 7#c7 ,all collections and payments of the financing accounts shall be a means of financing4 7e7 ,modifications ,an outstanding direct loan 7or direct loan obligation71 loan guarantee 7or loan guarantee commitment71 or financial investment 7or financial investment commitment7 shall not be modified in a manner that increases its costs unless budget authority for the additional cost has been provided in advance in an appropriations ,act4 7f7 ,re-,estimates ,when the estimated cost for a group of direct loans1 loan guarantees1 or financial investments for a given program made in a single fiscal year is re-estimated in a subsequent year1 the difference between the re-estimated cost and the previous cost estimate shall be displayed as a distinct and separately identified subaccount in the program account as a change in program costs and a change in net interest4 ,there is hereby provided permanent indefinite authority for these re-estimates4 7g7 ,administrative expenses ,all funding for an agency's administrative costs associated with a direct loan1 loan guarantee1 or financial investment program shall be displayed as distinct and separately identified subaccounts within the same budget account as the program's cost4 #eje4 ,authorizations 7a7 ,authorization of appropriations for costs ,there are authorized to be appropriated to each ,federal agency authorized to make direct loan obligations1 loan guarantee commitments1 or financial investment commitments such sums as may be necessary to pay the cost associated with such direct loan obligations1 loan guarantee commitments1 or financial investment commitments4 7b7 ,authorization for financing accounts ,in order to implement the accounting required by this title1 the ,president is authorized to establish such non-budgetary accounts as may be appropriate4 7c7 ,treasury transactions with the financing accounts 7#a7 ,in general ,the ,secretary of the ,treasury shall borrow from1 receive from1 lend to1 or pay to the financing accounts such amounts as may be appropriate4 ,the ,secretary of the ,treasury may prescribe forms and denominations1 maturities1 and terms and conditions for the transactions described in the preceding sentence1 except that the rate of interest charged by the ,secretary on lending to financing accounts 7including amounts treated as lending to financing accounts by the ,federal ,financing ,bank 7hereinafter in this subsection referred to as the ,bank7 pursuant to section #dje7;b77 and the rate of interest paid to financing accounts on uninvested balances in financing accounts shall be the same as the rate determined pursuant to section #ejb7g77;,h74 7#b7 ,loans ,for guaranteed loans financed by the ,bank and treated as direct loans by a ,federal agency pursuant to section #djf7;b77#a71 any fee or interest surcharge 7the amount by which the interest rate charged exceeds the rate determined pursuant to section #ejb7g77;,h77 that the ,bank charges to a private borrower pursuant to section #f7;c7 of the ,federal ,financing ,bank ,act of #aigc shall be considered a cash flow to the ,government for the purposes of determining the cost of the direct loan pursuant to section #ejb7g74 ,all such amounts shall be credited to the appropriate financing account4 7#c7 ,reimbursement ,the ,bank is authorized to require reimbursement from a ,federal agency to cover the administrative expenses of the ,bank that are attributable to the direct loans financed for that agency4 ,all such payments by an agency shall be considered administrative expenses subject to section #ejd7;g74 ,this subsection shall apply to transactions related to direct loan obligations or loan guarantee commitments made on or after ,october #a1 #aiia4 7#d7 ,authority ,the authorities provided in this subsection shall not be construed to supersede or override the authority of the head of a ,federal agency to administer and operate a direct loan or loan guarantee program4 7#e7 ,title #ca ,all of the transactions provided in the subsection shall be subject to the provisions of subchapter ,,ii of chapter #ae of title #ca1 ,united ,states ,code4 7#f7 ,treatment of cash balances ,cash balances of the financing accounts in excess of current requirements shall be maintained in a form of uninvested funds and the ,secretary of the ,treasury shall pay interest on these funds4 ,the ,secretary of the ,treasury shall charge 7or pay if the amount is negative7 financing accounts an amount equal to the risk component for a direct loan1 loan guarantee1 or financial investment or modification thereof4 ,such amount received by the ,secretary of the ,treasury shall be a means of financing and shall not be considered a cash flow of the ,government for the purposes of section #ejb7g74 7d7 ,authorization for liquidating accounts 7#a7 ,amounts in liquidating accounts shall be available only for payments resulting from direct loan obligations or loan guarantee commitments made prior to ,october #a1 #aiia1 for-- 7,a7 interest payments and principal repayments to the ,treasury or the ,federal ,financing ,bank for amounts borrowed2 7,b7 disbursements of loans2 7,c7 default and other guarantee claim payments2 7,d7 interest supplement payments2 7,e7 payments for the costs of foreclosing1 managing1 and selling collateral that are capitalized or routinely deducted from the proceeds of sales2 7,f7 payments to financing accounts when required for modifications2 7,g7 administrative costs and essential preservation expenses1 if-- 7i7 amounts credited to the liquidating account would have been available for ,administrative costs and essential preservation expenses under a provision of law in effect prior to ,october #a1 #aiia2 and 7ii7 no direct loan obligation or loan guarantee commitment has been made1 or any modification of a direct loan or loan guarantee has been made1 since ,september #cj1 #aiia2 or 7,h7 such other payments as are necessary for the liquidation of such direct loan obligations and loan guarantee commitments4 7#b7 ,amounts credited to liquidating accounts in any year shall be available only for payments required in that year4 ,any unobligated balances in liquidating accounts at the end of a fiscal year shall be transferred to miscellaneous receipts as soon as practicable after the end of the fiscal year4 7#c7 ,if funds in liquidating accounts are insufficient to satisfy obligations and commitments of such accounts1 there is hereby provided permanent1 indefinite authority to make any payments required to be made on such obligations and commitments4 7e7 ,authorization of appropriations for implementation expenses ,there are authorized to be appropriated to existing accounts such sums as may be necessary for salaries and expenses to carry out the responsibilities under this title4 7f7 ,reinsurance ,nothing in this title shall be construed as authorizing or requiring the purchase of insurance or reinsurance on a direct loan or loan guarantee from private insurers4 ,if any such reinsurance for a direct loan or loan guarantee is authorized1 the cost of such insurance and any recoveries to the ,government shall be included in the calculation of the cost4 7g7 ,eligibility and assistance ,nothing in this title shall be construed to change the authority or the responsibility of a ,federal agency to determine the terms and conditions of eligibility for1 or the amount of assistance provided by a direct loan or a loan guarantee4 #ejf4 ,treatment of deposit insurance and agencies and other insurance programs ,this title shall not apply to the credit or insurance activities of the ,federal ,deposit ,insurance ,corporation1 ,national ,credit ,union ,administration1 ,resolution ,trust ,corporation1 ,pension ,benefit ,guaranty ,corporation1 ,national ,flood ,insurance1 ,national ,insurance ,development ,fund1 ,crop ,insurance1 or ,tennessee ,valley ,authority4 #ejg4 ,effect on other laws 7a7 ,effect on other laws ,this title shall supersede1 modify1 or repeal any provision of law enacted prior to the date of enactment of this title to the extent such provision is inconsistent with this title4 ,nothing in this title shall be construed to establish a credit limitation on any ,federal loan or loan guarantee program4 7b7 ,crediting of collections ,collections resulting from direct loans obligated or loan guarantees committed prior to ,october #a1 #aiia1 shall be credited to the liquidating accounts of ,federal agencies4 ,amounts so credited shall be available1 to the same extent that they were available prior to the date of enactment of this title1 to liquidate obligations arising from such direct loans obligated or loan guarantees committed prior to ,october #a1 #aiia1 including repayment of any obligations held by the ,secretary of the ,treasury or the ,federal ,financing ,bank4 ,the unobligated balances of such accounts that are in excess of current needs shall be transferred to the general fund of the ,treasury4 ,such transfers shall be made from time to time but1 at least once each year4 4 #e4 ,no changes in mandatory programs in appropriation bills ,section #cjb7;f7 of the ,congressional ,budget ,act of #aigd is amended to read as follows3 7f7 ,legislation subject to point of order 7#a7 ,in the ,house of ,representatives 7,a7 ,after the ,congress has completed action on a concurrent resolution on the budget for a fiscal year1 it shall not be in order in the ,house of ,representatives to consider any bill1 joint resolution1 or amendment providing new budget authority or outlays for any fiscal year1 or any conference report on any such bill or joint resolution1 if the enactment of such bill or resolution as reported1 the adoption and enactment of such amendment1 or the enactment of such bill or resolution in the form recommended in such conference report1 would cause-- 7i7 the applicable allocation of new budget authority or outlays made under subsection 7a7 or 7b7 for the first fiscal year or the total of fiscal years to be exceeded1 or 7ii7 appropriations legislation to contain a provision that would have been estimated as affecting direct spending or receipts under section #beb of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe were it included in legislation other than appropriations legislation1 if such provision does not result in net outlay savings over the total of the period of the current year1 the budget year1 and all fiscal years covered under the most recently adopted concurrent resolution on the budget4 7,b7 ,in the ,house of ,representatives1 it shall not be in order to consider a rule or order that waives the application of subparagraph 7,a74 ,as disposition of a point of order under this subparagraph1 the ,chair shall put the question of consideration with respect to the rule or order4 ,the question of consideration shall be debatable for #aj minutes by the ,member initiating the point of order and for #aj minutes by an opponent1 but shall otherwise be decided without intervening motion except one that the ,house adjourn4 7#b7 ,in the ,senate ,after a concurrent resolution on the budget is agreed to1 it shall not be in order in the ,senate to consider any bill or joint resolution1 amendment1 motion1 or conference report that-- 7,a7 in the case of any committee except the ,committee on ,appropriations1 would cause the applicable allocation of new budget authority or outlays under subsection 7a7 for the first fiscal year or the total of fiscal years to be exceeded2 or 7,b7 in the case of the ,committee on ,appropriations would-- 7i7 cause the applicable suballocation of new budget authority or outlays under subsection 7b7 to be exceeded2 or 7ii7 includes one or more provisions that would have been estimated as affecting direct spending or receipts under section #beb of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe were they included in legislation other than appropriations legislation1 if such provision does not result in net outlay savings over the total of the period of the current year1 the budget year1 and all fiscal years covered under the most recently adopted concurrent resolution on the budget4 4 #f4 ,don't count rescissions that don't save money ,section #cab7;a7 of the ,congressional ,budget ,act of #aigd 7#b ,u4,s4,c4 #fdc7;a77 is amended-- 7#a7 by striking ,for purposes and inserting the following3 7#a7 ,in general ,for purposes2 2 and 7#b7 by adding at the end the following3 7#b7 ,exclusion ,in making determinations under paragraph 7#a71 the committee shall not count rescissions of budget authority that do not result in outlay savings over the period of fiscal years covered by the concurrent resolution on the budget4 4 #g4 ,suspension of step increases for ,federal employees during a pay-adjustment suspension period 7a7 ,periodic step increases ,section #ecce of title #e1 ,united ,states ,code1 is amended by adding at the end the following3 7g7 7#a7 ,under regulations prescribed by the ,office of ,personnel ,management-- 7,a7 the benefit of step-increases under this section shall1 in the case of any such increase which would otherwise take effect during a pay-adjustment suspension period1 be suspended until the expiration of such period 7or1 in the case of successive suspension periods1 the last of them72 and 7,b7 after the end of the pay-adjustment suspension period 7or1 in the case of successive suspension periods1 the last of them7-- 7i7 the rate of pay payable for any service performed after the end of such suspension period 7or1 if applicable1 the last of them7 shall be recomputed so as to be equal to the rate that would then be payable if step-increases under this subsection had not been suspended under subparagraph 7,a7 during such suspension period 7or periods72 and 7ii7 service performed by an employee before1 during1 or after a suspension period 7or successive suspension periods7 shall1 for purposes of any determination of eligibility for a step-increase under this section1 be computed without regard to subparagraph 7,a74 7#b7 ,for purposes of this subsection-- 7,a7 the term pay-adjustment suspension period or suspension period means any calendar year in which an annual pay adjustment for statutory pay systems is denied1 in its entirety1 under authority of section #ecjc7;b7 7as determined by the ,office72 and 7,b7 the term statutory pay system has the meaning given such term by section #ecjb4 4 7b7 ,additional step increases ,section #eccf of title #e1 ,united ,states ,code1 is amended by adding at the end the following3 7d7 7#a7 ,under regulations prescribed by the ,office of ,personnel ,management-- 7,a7 the benefit of additional step-increases under this section shall1 in the case of any such increase which would otherwise take effect during a pay-adjustment suspension period1 be suspended until the expiration of such period 7or1 in the case of successive suspension periods1 the last of them72 and 7,b7 after end of the pay-adjustment suspension period 7or1 in the case of successive suspension periods1 the last of them7-- 7i7 the rate of pay payable for any service performed after the end of such suspension period 7or1 if applicable1 the last of them7 shall be recomputed so as to be equal to the rate that would then be payable if additional step-increases under this subsection had not been suspended under subparagraph 7,a7 during such suspension period 7or periods72 and 7ii7 for purposes of the second sentence of subsection 7a71 an additional step-increase shall be attributed to the #eb-week period during which such increase would 7but for this subsection7 otherwise have taken effect4 7#b7 ,for purposes of this subsection1 the term pay-adjustment suspension period or suspension period means a pay-adjustment suspension period under section #ecce7;g74 4 #h4 ,point of order against advance appropriations 7a7 ,in general 7#a7 ,point of order ,except as provided in subsection 7b71 it shall not be in order in the ,house of ,representatives or the ,senate to consider any bill1 joint resolution1 motion1 amendment1 or conference report that would provide an advance appropriation4 7#b7 ,definition ,in this section1 the term advance appropriation means any new budget authority provided in a bill or joint resolution making appropriations for a fiscal year that first becomes available for any fiscal year after that fiscal year1 or any new budget authority provided in a bill or joint resolution making general appropriations or continuing appropriations for any budget year1 that first becomes available for any fiscal year after that budget year4 7b7 ,exceptions ,advance appropriations may be provided as follows3 7#a7 ,in an aggregate amount not to exceed #bh1heb1jjj1jjj in new budget authority in each fiscal year for the following programs1 projects1 activities1 or accounts3 7,a7 ,employment and ,training ,administration4 7,b7 ,job ,corps4 7,c7 ,education for the ,disadvantaged4 7,d7 ,school ,improvement4 7,e7 ,children and ,family ,services 7,head ,start74 7,f7 ,special ,education4 7,g7 ,career1 ,technical1 and ,adult ,education4 7,h7 ,financial ,services and ,general ,government3 ,payment to ,postal ,service4 7,i7 ,transportation1 ,housing and ,urban ,development3 ,tenant-based ,rental ,assistance ,project-based ,rental ,assistance4 7#b7 ,for the ,corporation for ,public ,broadcasting4 7#c7 ,for the ,department of ,veterans ,affairs for the ,medical ,services1 ,medical ,support and ,compliance1 and ,medical ,facilities accounts of the ,veterans ,health ,administration4 7c7 ,supermajority waiver and appeal 7#a7 ,waiver ,in the ,house of ,representatives or the ,senate1 subsection 7a77#a7 may be waived or suspended only by an affirmative vote of three-fifths of the ,members1 duly chosen and sworn4 7#b7 ,appeal ,in the ,senate1 an affirmative vote of three-fifths of the ,members of the ,senate1 duly chosen and sworn1 shall be required to sustain an appeal of the ruling of the ,chair on a point of order raised under subsection 7a74 7d7 ,form of point of order ,a point of order under subsection 7a7 may be raised by any ,member as provided in section #cac7;e7 of the ,congressional ,budget ,act of #aigd4 7e7 ,rules or orders in the ,house of ,representatives ,in the ,house of ,representatives1 it shall not be in order to consider a rule or order that waives the application of subsection 7a77#a74 ,as disposition of a point of order under this subsection1 the ,chair shall put the question of consideration with respect to the rule or order4 ,the question of consideration shall be debatable for #aj minutes by the ,member initiating the point of order and for #aj minutes by an opponent1 but shall otherwise be decided without intervening motion except one that the ,house adjourn4 7f7 ,conference reports ,when the ,house of ,representatives or the ,senate is considering a conference report on1 or an amendment between the ,houses in relation to1 a bill1 upon a point of order being made by any ,member pursuant to this section1 and such point of order being sustained1 such material contained in such conference report shall be deemed stricken1 and the applicable ,house shall proceed to consider the question of whether it shall recede from its amendment and concur with a further amendment1 or concur in the amendment of the other ,house with a further amendment1 as the case may be1 which further amendment shall consist of only that portion of the conference report or amendment1 as the case may be1 not so stricken4 ,any such motion in the ,house of ,representatives or ,senate shall be debatable4 ,in any case in which such point of order is sustained against a conference report 7or ,house or ,senate amendment1 as applicable1 derived from such conference report by operation of this subsection71 no further amendment shall be in order4 #i4 ,prohibit timing shifts 7a7 ,in general ,in the ,house of ,representatives or the ,senate1 for purposes of enforcement of points of order established under the ,congressional ,budget ,act of #aigd1 ,s4 ,con4 ,res4 #ba 7#aajth ,congress2 ,fiscal ,year #bjjh ,budget ,resolution71 ,s4 ,con4 ,res4 #gj 7#aajth ,congress2 ,fiscal ,year #bjji ,budget ,resolution71 ,s4 ,con4 ,res4 #ac 7#aaath ,congress2 ,fiscal ,year #bjaj ,budget ,resolution71 and subsequent concurrent resolutions on the budget1 a provision in any bill1 resolution1 amendment1 motion1 amendment between houses1 or conference report that shifts outlays or revenues from one year to another by a date change to act as an offset for other provisions that increase the deficit for a time period shall not count4 7b7 ,rules or orders in the ,house of ,representatives ,in the ,house of ,representatives1 it shall not be in order to consider a rule or order that waives the application of subsection 7a74 ,as disposition of a point of order under this subsection1 the ,chair shall put the question of consideration with respect to the rule or order4 ,the question of consideration shall be debatable for #aj minutes by the ,member initiating the point of order and for #aj minutes by an opponent1 but shall otherwise be decided without intervening motion except one that the ,house adjourn4 #aj4 ,budget scoring rule relating to transfers from the general fund of the ,treasury to the ,highway ,trust ,fund that increase public indebtedness 7a7 ,in general ,in the ,house of ,representatives or the ,senate1 for purposes of enforcement of points of order established under the ,congressional ,budget ,act of #aigd1 ,s4 ,con4 ,res4 #ba 7#aajth ,congress2 ,fiscal ,year #bjjh ,budget ,resolution71 ,s4 ,con4 ,res4 #gj 7#aajth ,congress2 ,fiscal ,year #bjji ,budget ,resolution71 ,s4 ,con4 ,res4 #ac 7#aaath ,congress2 ,fiscal ,year #bjaj ,budget ,resolution71 and subsequent concurrent resolutions on the budget1 a bill1 resolution1 amendment1 motion1 amendment between houses1 or conference report that transfers funds from the general fund of the ,treasury to the ,highway ,trust ,fund and that increases the level of indebtedness that is subject to the current applicable statutory public debt limit shall be counted by the chairman of the ,committee on the ,budget of the ,house of ,representatives or the ,senate1 as applicable1 as new budget authority and outlays equal to the amount of the transfer in the fiscal year the transfer occurs4 7b7 ,rules or orders in the house of representatives ,in the ,house of ,representatives1 it shall not be in order to consider a rule or order that waives the application of subsection 7a74 ,as disposition of a point of order under this subsection1 the ,chair shall put the question of consideration with respect to the rule or order4 ,the question of consideration shall be debatable for #aj minutes by the ,member initiating the point of order and for #aj minutes by an opponent1 but shall otherwise be decided without intervening motion except one that the ,house adjourn4 #aa4 ,requirement in budget submission with respect to the cost per taxpayer of the deficit ,section #aaje7;a7 of title #ca1 ,united ,states ,code1 is amended-- 7#a7 by redesignating paragraph 7#cg7 7relating to the list of outdated or duplicative plans and reports7 as paragraph 7#ci72 and 7#b7 by adding at the end the following3 7#dj7 in the case of a fiscal year in which the budget is projected to result in a deficit1 an estimate of the pro rata cost of such deficit for taxpayers who will file individual income tax returns for taxable years ending during such fiscal year4 4