,i #aad? ,,congress #a/ ,session ,h4 ,r4 #bdga ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #bj1 #bjae ,mr4 ,brady ( ,texas 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 cap non9t]e/ ,f$]al ,sp5d+ z a p]c5tage ( pot5tial ,,gdp to "r-size ! gov]nm5t1 gr[ ! economy1 & balance ! budget4 #a4 ,%ort title ,?is title may be cit$ z ! ,maximiz+ ,am]ica's ,prosp]ity ,act ( #bjae4 #b4 ,total sp5d+ limits 7a7 ,total ,sp5d+ ,limits ,section #bea ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ija7 is am5d$ to read z foll[s3 #bea4 ,total sp5d+ limits 7a7 ,projections 7#a7 ,,omb report ,,omb %all prep>e a report comp>+ project$ total sp5d+ "u section #beg & ! total sp5d+ limits 9 subsection 7c71 & include su* report 9 ! budget z submitt$ by ! ,presid5t annually "u section #aaje7;a7 ( title #ca1 ,unit$ ,/ates ,code4 7#b7 ,,cbo report ,,cbo %all prep>e a report comp>+ project$ total sp5d+ "u section #beg & ! total sp5d+ limits 9 subsection 7c7 & include su* report 9 ! ,,cbo annual basel9e & ree/imate ( ! ,presid5t's budget4 7#c7 ,inclusion 9 sp5d+ r$uction ord]s ,reports prep>$ pursuant to ?is subsection %all be includ$ 9 ! sp5d+ r$uction report4 7b7 ,sp5d+ ,r$uction ,ord] 7#a7 ,)9 #ae cal5d> days aft] ,congress adj\rns to end a session1 !re %all be a sp5d+ r$uction ord] "u section #bed7;f77#e74 7#b7 ,ea* non-exempt discretion>y budget acc\nt %all be r$uc$ by a doll> am\nt calculat$ by multiply+ ! enact$ level ( seque/rable budget>y res\rces 9 t acc\nt at t "t by ! uni=m p]c5tage necess>y to a*ieve ! requir$ automatic sp5d+ r$uction4 7#c7 ,no discretion>y budget acc\nt %all be subject to a sp5d+ r$uction ( m ?an five p]c5t ( its budget>y res\rces4 7c7 ,fiscal ,ye>s ( ! ,total ,sp5d+ ,p]iod ,! fiscal ye>s )9 ! total sp5d+ p]iod %all be z foll[s3 7#a7 ,fiscal ye> #bjaf3 #ai4j p]c5t ( pot5tial ,,gdp4 7#b7 ,fiscal ye> #bjag3 #ag4g p]c5t ( pot5tial ,,gdp4 7#c7 ,fiscal ye> #bjah3 #ag4j p]c5t ( pot5tial ,,gdp4 7#d7 ,fiscal ye> #bjai3 #af4h p]c5t ( pot5tial ,,gdp4 7#e7 ,fiscal ye> #bjbj3 #af4g p]c5t ( pot5tial ,,gdp4 7#f7 ,fiscal ye> #bjba3 #af4f p]c5t ( pot5tial ,,gdp4 7#g7 ,fiscal ye> #bjbb3 #af4f p]c5t ( pot5tial ,,gdp4 7#h7 ,fiscal ye> #bjbc3 #af4c p]c5t ( pot5tial ,,gdp4 7#i7 ,fiscal ye> #bjbd3 #af4j p]c5t ( pot5tial ,,gdp4 7#aj7 ,fiscal ye> #bjbe & subsequ5t fiscal ye>s3 #af4j p]c5t ( pot5tial ,,gdp4 7d7 ,r$uction = unfund$ ,f$]al m&ates ,! am\nt det]m9$ "u subsection 7c7 ) respect to ea* fiscal ye> %all be r$uc$ by an am\nt equal to ! am\nt ( ! unfund$ direct co/s ) respect to su* fiscal ye> ( ,f$]al m&ates 7z su* t]ms are def9$ "u section #dba ( ! ,congressional ,budget ,act ( #aigd7 enact$ aft] ! date ( ! enactm5t ( ?is section4 ,su* am\nt %all n be treat$ z be+ less ?an z]o ) respect to any fiscal ye>4 4 7b7 ,repeal ( section #bea;,a ,section #bea;,a ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ija;a7 is repeal$4 7c7 ,def9itions ,section #c ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fbb7 is am5d$ by add+ at ! end ! foll[+ new p>agraphs3 7#ab7 ,! t]m total sp5d+ means all outlays ( ! ,gov]nm5t includ+ ^? f (f-budget entities & budget au?ority & outlays fl[+ !refrom1 z applicable1 designat$ z em]g5cies1 & exclud+ net int]e/4 7#ac7 ,! t]m total sp5d+ limit means ! maximum p]missible total sp5d+ ( ! ,gov]nm5t set =? z a p]c5tage ( e/imat$ pot5tial ,,gdp4 7#ad7 ,! t]m pot5tial ,,gdp has ! same mean+ z ! t]m pot5tial ,,gdp us$ by ! ,congressional ,budget ,(fice1 :i* is ! gross dome/ic product t w\ld occur if ! economy 7 at full employm5t1 n exce$+ ! employm5t level at :i* inflation w\ld occur4 4 7d7 ,con=m+ am5dm5ts result+ f ! repeal ( old section #bea 7#a7 ,def9itions ,p>agraphs 7#c7 & 7#d7 ( section #bej7;c7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe are repeal$4 7#b7 ,sections #bed7;c7 & #bed7;f7 am5dm5ts ,sections #bed7;c77#b7 & #bed7;f77#b7 ( su* ,act are repeal$4 7e7 ,additional con=m+ am5dm5ts to section #bed 7#a7 ,! table set =? 9 section #bed7;a7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ijd7;a77 is am5d$ by /rik+ seque/ration ea* place x appe>s4 7#b7 ,section #bed7;c77#a7 ( su* ,act is am5d$ by ins]t+ & be=e pay-z-y-g & by /rik+ 1 & deficit & ins]t+ & reg>d+ sp5d+ r$uction4 7#c7 ,section #bed7;c77#d7 ( su* ,act is am5d$ to read z foll[s3 7#d7 ,sp5d+ r$uction report ,! preview report %all set =? = ! budget ye> e/imates = ea* ( ! foll[+3 7,a7 ,e/imat$ total sp5d+4 7,b7 ,e/imate ( pot5tial ,,gdp4 7,c7 ,! sp5d+ r$uction p]c5tage necess>y to a*ieve ! applicable p]c5t ( pot5tial ,,gdp "u section #bea7;c74 4 7#d7 ,section #bed7;f77#c7 ( su* ,act is am5d$-- 7,a7 9 ! side head+1 by /rik+ & deficit seque/ration reports & ins]t seque/ration report & sp5d+ r$uction report2 & 7,b7 9 ! fir/ s5t5ce1 by /rik+ & deficit seque/ration preview reports & ins]t+ seque/ration preview report & ! sp5d+ r$uction report4 7f7 ,con=m+ am5dm5t to section #bej ,! item relat+ to section #bea 9 ! table ( cont5ts set =? 9 #bej7;a7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ijj7;a77 is am5d$ to read z foll[s3 ,sec4 #bea4 ,total sp5d+ limits4 4 #c4 ,allocation = em]g5cies 7a7 ,section #cjb7;a7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcc7;a77 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#f7 ,allocation to ! ,committees on ,appropriations = em]g5cies ,( ! am\nts ( new budget au?ority & outlays allocat$ to ! ,committees on ,appropriations = ! fir/ fiscal ye> ( ! concurr5t resolution on ! budget1 #a p]c5t %all be set aside = em]g5cies & may be us$ = no o!r purpose4 4 7b7 ,section #aaje7;a77#ad7 ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by ins]t+ 1 includ+ an am\nt = em]g5cy sp5d+ n less ?an #a p]c5t ( all discretion>y sp5d+ = t ye> be=e ! p]iod4