,i #aac? ,,congress #a/ ,session ,h4 ,r4 #cadi ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #ai1 #bjac ,mr4 ,pet]s ( ,cali=nia 7= himself & ,mr4 ,s*rad]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 am5d ! ,congressional ,budget ,act ( #aigd to provide = a debt /abilization process1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,pay ,d[n ! ,debt ,act ( #bjac4 #b4 ,debt /abilization process 7a7 ,9 g5]al ,! ,congressional ,budget ,act ( #aigd is am5d$ by ins]t+ aft] title ,v ! foll[+3 ,,vi ,debt /abilization #fja4 ,debt /abilization process 7a7 ,budget t>gets ,! budget t>get-- 7#a7 = fiscal ye> #bjaf is a ratio ( debt held by ! public to ! e/imat$ gross dome/ic product 7,,gdp7 ( ! ,unit$ ,/ates t is l[] ?an ! ratio 9 fiscal ye> #bjae2 & 7#b7 = a fiscal ye> aft] fiscal ye> #bjaf is a ratio ( debt held by ! public to ! e/imat$ gross dome/ic product 7,,gdp7 ( ! ,unit$ ,/ates t does n exce$ ! ratio 9 ! prior fiscal ye>4 7b7 ,reports ,dur+ ,janu>y ( ea* cal5d> ye> beg9n+ 9 #bjad1 ! ,director ( ! ,(fice ( ,managem5t & ,budget %all report to ! ,presid5t & ! ,director ( ! ,congressional ,budget ,(fice %all report to ,congress :e!r ! project$ debt held by ! public-to-,,gdp ratio w exce$ ! prior fiscal ye>'s ratio 9 any ( ! five ensu+ fiscal ye>s4 7c7 ,presid5t's budget ,if ! report ( ! ,director ( ! ,(fice ( ,managem5t & ,budget indicates t = any ( fiscal ye>s #bjaf ?r\gh #bjbd ! ratios set =? 9 subsection 7a77#a7 or 7a77#b7 w be exce$$1 !n ! budget submission ( ! ,presid5t "u section #aaje7;a7 ( title #ca1 ,unit$ ,/ates ,code1 = t fiscal ye> %all include legislative recomm5dations t a*ieve ! applicable budget t>gets set =? 9 subsection 7a74 7d7 ,congressional action 7#a7 ,9 g5]al ,if ! report ( ! ,director ( ! ,congressional ,budget ,(fice "u subsection 7b7 indicates t = any ( fiscal ye>s #bjaf ?r\gh #bjbd1 ! ratios set =? 9 subsection 7a77#a7 or 7a77#b7 w be exce$$1 !n ! concurr5t resolution on ! budget = t fiscal ye> %all include /abilization in/ructions pursuant to section #caj direct+ committees ( ! ,h\se ( ,repres5tatives & ! ,s5ate to det]m9e & recomm5d *anges 9 laws )9 _! jurisdictions t a*ieve ! budget t>gets set =? 9 subsection 7a74 7#b7 ,po9t ( ord] ,x %all n be 9 ord] 9 ! ,h\se ( ,repres5tatives or ! ,s5ate to consid] any concurr5t resolution on ! budget1 or am5dm5t !reto or conf]5ce report !reon1 t fails to include directions to committees suffici5t to a*ieve ! budget t>gets set =? 9 subsection 7a74 7#c7 ,discretion>y sp5d+ limits ,any *anges 9 ! discretion>y sp5d+ limits set =? 9 section #bea7;c7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe conta9$ 9 any /abilization legislation ref]r$ to 9 ?is subsection %all n be consid]$ to be extrane\s matt] = purposes ( section #cac4 7e7 ,en=c+ /abilization requirem5t 7#a7 ,9 g5]al ,if1 9 any cal5d> ye> 9 :i* ! debt /abilization process has be5 trigg]$ "u subsection 7d71 ,congress has n agre$ to /abilization legislation & transmitt$ su* legislation to ! ,presid5t1 x %all n be 9 ord] 9 ! ,h\se ( ,repres5tatives or ! ,s5ate to consid] any bill or jo9t resolution1 or am5dm5t !reto or conf]5ce report !reon1 provid+ a net increase 9 m&atory budget au?ority or a net decrease 9 rev5ues4 7#b7 ,po9t ( ord] 9 ,h\se ( ,repres5tatives 7,a7 ,9 g5]al ,x %all n be 9 ord] 9 ! ,h\se ( ,repres5tatives to consid] a rule or ord] t waives ! application ( p>agraph 7#a74 7,b7 ,disposition if po9t ( ord] ,z disposition ( po9ts ( ord] "u p>agraph 7#a71 ! ,*air %all put ! "q ( consid]ation ) respect to ! proposition t is subject to ! po9ts ( ord]4 7,c7 ,debate ,a "q ( consid]ation "u ?is p>agraph %all be debatable = t5 m9utes by ea* ,memb] initiat+ a po9t ( ord] & = t5 m9utes by an oppon5t on ea* po9t ( ord]1 b %all o!rwise be decid$ )\t int]v5+ motion except "o t ! ,h\se adj\rn or t ! ,committee ( ! ,:ole rise1 z ! case may be4 7,d7 ,am5dm5ts ,! disposition ( ! "q ( consid]ation "u ?is p>agraph ) respect to a bill or resolution %all be consid]$ also to det]m9e ! "q ( consid]ation "u ?is p>agraph ) respect to an am5dm5t made 9 ord] z orig9al text4 7#c7 ,s5ate ,p>agraph 7#a7 may be waiv$ or susp5d$ 9 ! ,s5ate only by ?ree-fif?s ( ! ,memb]s1 duly *os5 & sworn4 ,an affirmative vote ( ?ree-fif?s ( ! ,memb]s1 duly *os5 & sworn1 %all be requir$ 9 ! ,s5ate to su/a9 an appeal ( ! rul+ ( ! ,*air on a po9t ( ord] rais$ "u p>agraph 7#a74 7f7 ,susp5sion dur+ l[ gr[? 7#a7 ,9 g5]al ,! requirem5ts ( ?is title = any fiscal ye> %all be susp5d$-- 7,a7 if ! ,secret>y ( ! ,treasury notifies ! ,presid5t & ea* ,h\se ( ,congress & publi%es 9 ! ,f$]al ,regi/] t ! e/imat$ real gross dome/ic product ( ! ,unit$ ,/ates = ! cal5d> ye> dur+ :i* su* fiscal ye> beg9s w\ld exce$ ! real gross dome/ic product ( ! prior cal5d> ye> by less ?an "o p]c5t2 or 7,b7 ^u ! enactm5t ( a jo9t resolution /at+ t ! /abilization legislation w\ld cause or exac]bate an economic d[nturn4 7#b7 ,exception ,?is subsection %all n apply to ! report+ requirem5ts set =? 9 subsection 7b74 7#c7 ,end ( susp5sion ,9 ! ev5t ( a susp5sion ( ! requirem5ts ( ?is title "u p>agraph 7#a7 or 7#b71 !n1 effective ) reg>d to ! fir/ fiscal ye> beg9n+ at lea/ #f mon?s aft] ! notification by ! ,secret>y ( ! ,treasury or ! enactm5t ( ! jo9t resolution1 z applicable1 su* susp5sion is no long] 9 effect4 #fjb4 ,consid]ation ( alt]native proposals 7a7 ,introduction ( alt]native proposal ,if1 9 any cal5d> ye> 9 :i* ! debt /abilization process has be5 trigg]$ by a report by ! ,director ( ! ,congressional ,budget ,(fice "u section #fja7;b71 ,congress has n agre$ to a congressional resolution on ! budget by ,june #ae t meets ! requirem5ts ( section #fja1 !n any ,memb] ( ! ,h\se ( ,repres5tatives or ! ,s5ate may introduce a bill to provide = *anges 9 law suffici5t to a*ieve ! applicable budget t>get set =? 9 section #fja7;a74 ,su* bill %all h ! foll[+ long title3 ,to /abilize ! debt pursuant to section #fjb ( ! ,congressional ,budget ,act ( #aigd44 7b7 ,,cbo e/imate ,^u ! introduction ( a bill ref]r$ to 9 subsection 7a71 ! ,director ( ! ,congressional ,budget ,(fice %all prep>e & submit to ! appropriate committees ( ! ,h\se ( ,repres5tatives & ! ,s5ate1 z applicable1 a co/ e/imate ( t bill = ! "t p]iod describ$ 9 section #fja7;b74 7c7 ,exp$it$ consid]ation 7#a7 ,requir$ cosponsor%ip ,any bill introduc$ pursuant to subsection 7a7-- 7,a7 9 ! ,h\se ( ,repres5tatives %all receive exp$it$ consid]ation pursuant to p>agraph 7#b7 if su* bill has n less ?an #ej cosponsors2 or 7,b7 9 ! ,s5ate %all receive exp$it$ consid]ation pursuant to p>agraph 7#b7 if su* bill has n less ?an #aj cosponsors4 7#b7 ,consid]ation 9 ! ,h\se ( ,repres5tatives 7,a7 ,ref]ral & report+ ,any committee ( ! ,h\se ( ,repres5tatives to :i* a bill produc$ pursuant to p>agraph 7#a7 is ref]r$ %all report x to ! ,h\se )\t am5dm5t n lat] ?an ! ?ird legislative day aft] ! date ( its introduction4 ,if a committee fails to report ! bill )9 t p]iod or ! ,h\se has adopt$ a concurr5t resolution provid+ = adj\rnm5t s9e die at ! end ( a ,congress1 su* committee %all be automatically dis*>g$ f fur!r consid]ation ( ! bill & x %all be plac$ on ! appropriate cal5d>4 7,b7 ,proce$+ to consid]ation ,n lat] ?an #c legislative days aft] ! bill ref]r$ to 9 p>agraph 7#a7 is report$ or a committee has be5 dis*>g$ f fur!r consid]ation !re(1 x %all be 9 ord] to move to proce$ to consid] ! bill 9 ! ,h\se4 ,su* a motion %all be 9 ord] only at a "t designat$ by ! ,speak] 9 ! legislative s*$ule )9 two legislative days aft] ! day on :i* ! propon5t ann\nces an int5tion to ! ,h\se to (f] ! motion provid$ t su* notice may n be giv5 until su* bill is report$ or a committee has be5 dis*>g$ f fur!r consid]ation !re(4 ,su* a motion %all n be 9 ord] aft] ! ,h\se has dispos$ ( a motion to proce$ ) respect to t special message4 ,! previ\s "q %all be consid]$ z ord]$ on ! motion to its adoption )\t int]v5+ motion4 ,a motion to reconsid] ! vote by :i* ! motion is dispos$ ( %all n be 9 ord]4 7,c7 ,consid]ation ,if ! motion to proce$ is agre$ to1 ! ,h\se %all imm$iately proce$ to consid] ! bill ref]r$ to 9 p>agraph 7#a7 9 ! ,h\se )\t int]v5+ motion4 ,su* bill %all be consid]$ z read4 ,all po9ts ( ord] aga9/ su* bill & aga9/ its consid]ation are waiv$4 ,! previ\s "q %all be consid]$ z ord]$ on su* bill to its passage )\t int]v5+ motion except #b h\rs ( debate equally divid$ & controll$ by ! propon5t & an oppon5t & "o motion to limit debate on ! bill4 ,a motion to reconsid] ! vote on passage ( su* bill %all n be 9 ord]4 7#c7 ,consid]ation 9 ! ,s5ate 7,a7 ,committee action ,! appropriate committees ( ! ,s5ate %all report )\t am5dm5t ! bill ref]r$ to 9 p>agraph 7#a7 n lat] ?an ! ?ird session day aft] introduction4 ,if a committee fails to report su* bill )9 t p]iod or ! ,s5ate has adopt$ a concurr5t resolution provid+ = adj\rnm5t s9e die at ! end ( a ,congress1 ! ,committee %all be automatically dis*>g$ f fur!r consid]ation ( su* bill & x %all be plac$ on ! appropriate cal5d>4 7,b7 ,motion to proce$ ,n lat] ?an #c session days aft] ! bill ref]r$ to 9 p>agraph 7#a7 is report$ 9 ! ,s5ate or ! committee has be5 dis*>g$ !re(1 x %all be 9 ord] = any ,s5ator to move to proce$ to consid] su* bill 9 ! ,s5ate4 ,! motion %all be decid$ )\t debate & ! motion to reconsid] %all be deem$ to h be5 laid on ! table4 ,su* a motion %all n be 9 ord] aft] ! ,s5ate has dispos$ ( a prior motion to proce$ ) respect to su* bill4 7,c7 ,consid]ation ,if a motion to proce$ to ! consid]ation ( ! bill ref]r$ to 9 p>agraph 7#a7 is agre$ to1 ! ,s5ate %all imm$iately proce$ to consid]ation ( su* bill )\t int]v5+ motion1 ord]1 or o!r bus9ess1 & su* bill %all rema9 ! unf9i%$ bus9ess ( ! ,s5ate until dispos$ (4 ,consid]ation on ! bill 9 ! ,s5ate "u ?is subsection1 & all debatable motions & appeals 9 connection !re)1 %all n exce$ #aj h\rs equally divid$ 9 ! usual =m4 ,all po9ts ( ord] aga9/ su* bill or its consid]ation are waiv$4 ,consid]ation 9 ! ,s5ate on any debatable motion or appeal 9 connection ) su* bill %all be limit$ to n m ?an #a h\r4 ,a motion to po/pone1 or a motion to proce$ to ! consid]ation ( o!r bus9ess1 or a motion to recommit su* bill is n 9 ord]4 ,a motion to reconsid] ! vote by :i* su* bill is agre$ to or disagre$ to is n 9 ord]4 7#d7 ,am5dm5ts prohibit$ ,no am5dm5t to1 or motion to /rike a provision f1 a bill ref]r$ to 9 p>agraph 7#a7 consid]$ "u ?is section %all be 9 ord] 9 ei!r ! ,s5ate or ! ,h\se ( ,repres5tatives4 7#e7 ,coord9ation ) action by o!r h\se ,if1 be=e pass+ ! bill ref]r$ to 9 p>agraph 7#a71 "o ,h\se receives f ! o!r a bill-- 7,a7 ! bill ( ! o!r ,h\se %all n be ref]r$ to a committee2 & 7,b7 ! proc$ure 9 ! receiv+ ,h\se %all be ! same z if no su* bill _h be5 receiv$ f ! o!r ,h\se until ! vote on passage1 :5 ! bill receiv$ f ! o!r ,h\se %all supplant su* bill ( ! receiv+ ,h\se4 #fjc4 ,def9ition ,z us$ 9 ?is title1 ! t]m /abilization legislation means any legislation designat$ 9 ! text z /abilization legislation :i* ! *airman ( ! ,committee on ! ,budget ( ! ,h\se ( ,repres5tatives or ! ,s5ate c]tifies w\ld r$uce ! deficit or debt held by ! public bel[ ! levels requir$ by ?is title4 4 7b7 ,con=m+ am5dm5t ,! table ( cont5ts ( ! ,congressional ,budget ,act ( #aigd is am5d$ by ins]t+ aft] ! items relat+ to title ,v ! foll[+3 ,title ,,vi--,debt /abilization ,sec4 #fja4 ,debt /abilization process4 ,sec4 #fjb4 ,consid]ation ( alt]native proposals4 ,sec4 #fjc4 ,def9ition4 4