,i  #aadth ,,congress  #ast ,session    
,h4 ,r4 #bdga  ,,in ,,the ,,house ,,of  
,,representatives  ,may #bj1 #bjae ,mr4 
,brady of ,texas introduced the         
following bill2 which was referred to   
the ,committee on the ,budget1 and in   
addition to the ,committee on ,rules1   
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 cap 
noninterest ,federal ,spending as a     
percentage of potential ,,gdp to        
right-size the government1 grow the     
economy1 and balance the budget4  #a4   
,short title ,this title may be cited as
 the ,maximizing ,america's ,prosperity 
,act of #bjae4  #b4 ,total spending     
limits  7a7 ,total ,spending ,limits    
,section #bea of the ,balanced ,budget  
and ,emergency ,deficit ,control ,act of
 #aihe 7#b ,u4,s4,c4 #ija7 is amended to
 read as follows3  #bea4 ,total spending
 limits  7a7 ,projections  7#a7 ,,omb   

report ,,omb shall prepare a report     
comparing projected total spending under
 section #beg and the total spending    
limits in subsection 7c71 and include   
such report in the budget as submitted  
by the ,president annually under section
 #aaje7;a7 of title #ca1 ,united ,states
 ,code4  7#b7 ,,cbo report ,,cbo shall  
prepare a report comparing projected    
total spending under section #beg and   
the total spending limits in subsection 
7c7 and include such report in the ,,cbo
 annual baseline and reestimate of the  
,president's budget4  7#c7 ,inclusion in
 spending reduction orders ,reports     
prepared pursuant to this subsection    
shall be included in the spending       
reduction report4  7b7 ,spending        
,reduction ,order  7#a7 ,within #ae     
calendar days after ,congress adjourns  
to end a session1 there shall be a      
spending reduction order under section  
#bed7;f77#e74  7#b7 ,each non-exempt    
discretionary budget account shall be   
reduced by a dollar amount calculated by

 multiplying the enacted level of       
sequestrable budgetary resources in that
 account at that time by the uniform    
percentage necessary to achieve the     
required automatic spending reduction4  
7#c7 ,no discretionary budget account   
shall be subject to a spending reduction
 of more than five percent of its       
budgetary resources4  7c7 ,fiscal ,years
 of the ,total ,spending ,period ,the   
fiscal years within the total spending  
period shall be as follows3 7#a7 ,fiscal
 year #bjaf3 #ai4j percent of potential 
,,gdp4  7#b7 ,fiscal year #bjag3 #ag4g  
percent of potential ,,gdp4  7#c7       
,fiscal year #bjah3 #ag4j percent of    
potential ,,gdp4  7#d7 ,fiscal year     
#bjai3 #af4h percent of potential ,,gdp4
  7#e7 ,fiscal year #bjbj3 #af4g percent
 of potential ,,gdp4  7#f7 ,fiscal year 
#bjba3 #af4f percent of potential ,,gdp4
  7#g7 ,fiscal year #bjbb3 #af4f percent
 of potential ,,gdp4  7#h7 ,fiscal year 
#bjbc3 #af4c percent of potential ,,gdp4
  7#i7 ,fiscal year #bjbd3 #af4j percent

 of potential ,,gdp4  7#aj7 ,fiscal year
 #bjbe and subsequent fiscal years3     
#af4j percent of potential ,,gdp4  7d7  
,reduction for unfunded ,federal        
mandates ,the amount determined under   
subsection 7c7 with respect to each     
fiscal year shall be reduced by an      
amount equal to the amount of the       
unfunded direct costs with respect to   
such fiscal year of ,federal mandates   
7as such terms are defined under section
 #dba of the ,congressional ,budget ,act
 of #aigd7 enacted after the date of the
 enactment of this section4 ,such amount
 shall not be treated as being less than
 zero with respect to any fiscal year4  
4  7b7 ,repeal of section #bea;,a       
,section #bea;,a of the ,balanced       
,budget and ,emergency ,deficit ,control
 ,act of #aihe 7#b ,u4,s4,c4 #ija;a7 is 
repealed4  7c7 ,definitions ,section #c 
of the ,congressional ,budget and       
,impoundment ,control ,act of #aigd 7#b 
,u4,s4,c4 #fbb7 is amended by adding at 
the end the following new paragraphs3   

7#ab7 ,the term total spending means all
 outlays of the ,government including   
those from off-budget entities and      
budget authority and outlays flowing    
therefrom1 as applicable1 designated as 
emergencies1 and excluding net interest4
  7#ac7 ,the term total spending limit  
means the maximum permissible total     
spending of the ,government set forth as
 a percentage of estimated potential    
,,gdp4  7#ad7 ,the term potential ,,gdp 
has the same meaning as the term        
potential ,,gdp used by the             
,congressional ,budget ,office1 which is
 the gross domestic product that would  
occur if the economy were at full       
employment1 not exceeding the employment
 level at which inflation would occur4  
4  7d7 ,conforming amendments resulting 
from the repeal of old section #bea     
7#a7 ,definitions ,paragraphs 7#c7 and  
7#d7 of section #bej7;c7 of the         
,balanced ,budget and ,emergency        
,deficit ,control ,act of #aihe are     
repealed4  7#b7 ,sections #bed7;c7 and  

#bed7;f7 amendments ,sections           
#bed7;c77#b7 and #bed7;f77#b7 of such   
,act are repealed4  7e7 ,additional     
conforming amendments to section #bed   
7#a7 ,the table set forth in section    
#bed7;a7 of the ,balanced ,budget and   
,emergency ,deficit ,control ,act of    
#aihe 7#b ,u4,s4,c4 #ijd7;a77 is amended
 by striking sequestration each place it
 appears4  7#b7 ,section #bed7;c77#a7 of
 such ,act is amended by inserting and  
before pay-as-you-go and by striking 1  
and deficit and inserting and regarding 
spending reduction4  7#c7 ,section      
#bed7;c77#d7 of such ,act is amended to 
read as follows3  7#d7 ,spending        
reduction report ,the preview report    
shall set forth for the budget year     
estimates for each of the following3    
7,a7 ,estimated total spending4  7,b7   
,estimate of potential ,,gdp4  7,c7 ,the
 spending reduction percentage necessary
 to achieve the applicable percent of   
potential ,,gdp under section #bea7;c74 
4  7#d7 ,section #bed7;f77#c7 of such   

,act is amended-- 7,a7 in the side      
heading1 by striking and deficit        
sequestration reports and insert        
sequestration report and spending       
reduction report2 and  7,b7 in the first
 sentence1 by striking and deficit      
sequestration preview reports and       
inserting sequestration preview report  
and the spending reduction report4  7f7 
,conforming amendment to section #bej   
,the item relating to section #bea in   
the table of contents set forth in      
#bej7;a7 of the ,balanced ,budget and   
,emergency ,deficit ,control ,act of    
#aihe 7#b ,u4,s4,c4 #ijj7;a77 is amended
 to read as follows3  ,sec4 #bea4 ,total
 spending limits4  4  #c4 ,allocation   
for emergencies  7a7 ,section #cjb7;a7  
of the ,congressional ,budget ,act of   
#aigd 7#b ,u4,s4,c4 #fcc7;a77 is amended
 by adding at the end the following new 
paragraph3  7#f7 ,allocation to the     
,committees on ,appropriations for      
emergencies ,of the amounts of new      
budget authority and outlays allocated  

to the ,committees on ,appropriations   
for the first fiscal year of the        
concurrent resolution on the budget1 #a 
percent shall be set aside for          
emergencies and may be used for no other
 purpose4  4  7b7 ,section              
#aaje7;a77#ad7 of title #ca1 ,united    
,states ,code1 is amended by inserting 1
 including an amount for emergency      
spending not less than #a percent of all
 discretionary spending for that year   
before the period4