,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bbde  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bd1 #bjai,mr4   
,braun 7= himself & ,mr4 ,"y7 introduc$ 
! foll[+ bill2 :i* 0 read twice & ref]r$
 to ! ,committee on ! ,budget  ,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 ( #bjai4  #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
 7c71 & 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 a sp5d+ r$uction ord] issu$ "u
 subsection 7b74  7b7 ,sp5d+ ,r$uction  
,ord]  7#a7 ,9 g5]al ,)9 #ae cal5d> days
 aft] ,congress adj\rns to end a        
session1 !re %all be a sp5d+ r$uction   
ord] "u section #bed7;f77#d74  7#b7     
,calculation ( sp5d+ r$uction ,subject  
to p>agraph 7#c71 ea* non-exempt budget 
acc\nt %all be r$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$uction4  7#c7 ,limitation on r$uction 
,no budget acc\nt %all be subject to a  
sp5d+ r$uction ( m ?an #e p]c5t ( !     
budget>y res\rces ( ! budget acc\nt4    
7c7 ,fiscal ,ye>s ( ! ,total ,sp5d+     

,p]iod ,! total sp5d+ limit = ea* fiscal
 ye> %all be z foll[s3 7#a7 ,fiscal ye> 
#bjbb3 #ah4i p]c5t ( pot5tial ,,gdp4    
7#b7 ,fiscal ye> #bjbc3 #ah4f p]c5t (   
pot5tial ,,gdp4  7#c7 ,fiscal ye> #bjbd3
 #ah4b p]c5t ( pot5tial ,,gdp4  7#d7    
,fiscal ye> #bjbe3 #ah4d p]c5t (        
pot5tial ,,gdp4  7#e7 ,fiscal ye> #bjbf3
 #ah4d p]c5t ( pot5tial ,,gdp4  7#f7    
,fiscal ye> #bjbg3 #ah4b p]c5t (        
pot5tial ,,gdp4  7#g7 ,fiscal ye> #bjbh3
 #ah4f p]c5t ( pot5tial ,,gdp4  7#h7    
,fiscal ye> #bjbi3 #ag4i p]c5t (        
pot5tial ,,gdp4  7#i7 ,fiscal ye> #bjcj3
 #ag4g p]c5t ( pot5tial ,,gdp4  7#aj7   
,fiscal ye> #bjca & subsequ5t fiscal    
ye>s3 #ag4e 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$]al m&ates 7z su* t]ms are def9$ 9
 section #dba ( ! ,congressional ,budget
 ,act ( #aigd 7#b ,u4,s4,c4 #feh77      

enact$ aft] ! date ( ! enactm5t ( !     
,maximiz+ ,am]ica's ,prosp]ity ,act (   
#bjai4 ,su* am\nt %all n be treat$ z be+
 less ?an z]o ) respect to any fiscal   
ye>4  4  7b7 ,def9itions  ,section      
#bej7;c7 ( ! ,balanc$ ,budget & ,em]g5cy
 ,deficit ,control ,act ( #aihe 7#b     
,u4,s4,c4 #ijj7;c77 is am5d$ by add+ at 
! end ! foll[+3  7#bb7 7,a7 ,! t]m total
 sp5d+ means all budget au?ority &      
outlays ( ! ,gov]nm5t exclud+ net       
int]e/4  7,b7 ,! t]m total sp5d+ limit  
means ! maximum p]missible total sp5d+ (
 ! ,gov]nm5t set =? z a p]c5tage (      
e/imat$ pot5tial ,,gdp specifi$ 9       
section #bea7;c74  7#bc7 ,! t]m pot5tial
 ,,gdp means ! gross dome/ic product t  
w\ld occur if ! economy 7 at full       
employm5t1 n exce$+ ! employm5t level at
 :i* inflation w\ld accel]ate4  4  7c7  
,con=m+ am5dm5ts ,"p ,c ( ! ,balanc$    
,budget & ,em]g5cy ,deficit ,control    
,act ( #aihe 7#b ,u4,s4,c4 #ijj et seq47
 is am5d$--  7#a7 9 section #bed 7#b    
,u4,s4,c4 #ijd7-- 7,a7 9 subsection 7a71

 9 ! table1 by ins]t+ & sp5d+ r$uction  
aft] seque/ration ea* place x appe>s2   
7,b7 9 subsection 7c7-- 7i7 9 !         
subsection head+1 by ins]t+ & sp5d+     
r$uction aft] ,seque/ration2  7ii7 9    
p>agraph 7#a71 by /rik+ discretion>y1   
pay-z-y-g1 & deficit seque/ration &     
ins]t+ pay-z-y-g & deficit seque/ration 
& reg>d+ sp5d+ r$uction2  7iii7 by /rik+
 p>agraph 7#b7 & ins]t+ ! foll[+3  7#b7 
,sp5d+ r$uction report ,! preview       
reports %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$uction necess>y 
to comply ) ! total sp5d+ limit "u      
section #bea7;c74  2  7,c7 9 subsection 
7e7-- 7i7 9 ! subsection head+1 by      
ins]t+ & sp5d+ r$uction aft]            
,seque/ration2 &  7ii7 by ins]t+ & sp5d+
 r$uction aft] seque/ration ea* place x 
appe>s2 &  7,d7 9 subsection 7f7--  7i7 
9 ! subsection head+1 by ins]t+ & sp5d+ 
r$uction aft] ,seque/ration2  7ii7 9    
p>agraph 7#a71 by ins]t+ & sp5d+        

r$uction aft] seque/ration2  7iii7 by   
/rik+ p>agraph 7#b72  7iv7 by r$esignat+
 p>agraphs 7#c71 7#d71 & 7#e7 z         
p>agraphs 7#b71 7#c71 & 7#d71           
respectively2 &  7v7 9 p>agraph 7#b71 z 
s r$esignat$-- 7,i7 9 ! head+1 by ins]t+
 & sp5d+ r$uction be=e reports2  7,,ii7 
9 ! fir/ s5t5ce1 by ins]t+ sp5d+        
r$uction report aft] preview reports2 & 
7,,iii7 by /rik+ ! second s5t5ce &      
ins]t+ ! foll[+3 ,9 addition1 ^! reports
 %all conta91 = ! budget ye>1 = ea*     
acc\nt to be seque/]$ or subject to a   
sp5d+ r$uction1 z ! case may be1        
e/imates ( ! basel9e level ( seque/rable
 or r$ucible budget>y res\rces & result+
 outlays & ! am\nt ( budget>y res\rces  
to be seque/]$ or r$uc$ & result+ outlay
 r$uctions42  7vi7 9 p>agraph 7#c71 z s 
r$esignat$1 by /rik+ seque/]able &      
ins]t+ seque/rable or r$ucible2 &  7vii7
 9 p>agraph 7#d71 z s r$esignat$--  7,i7
 by ins]t+ or sp5d+ r$uction aft] f9al  
seque/ration2  7,,ii7 by ins]t+ or sp5d+
 r$uction be=e is requir$2 &  7,,iii7 by

 ins]t+ or sp5d+ r$uctions1 z ! case may
 be1 aft] seque/rations2  7#b7 9 section
 #beg7;a7 7#b ,u4,s4,c4 #ijg7;a771 by   
ins]t+ total sp5d+1 aft] outlays12 &    
7#c7 9 section #beh;,c7a77#a7 7#b       
,u4,s4,c4 #ijg;d7a77#a77-- 7,a7 by      
ins]t+ or sp5d+ r$uction aft]           
seque/ration ea* place ! t]m appe>s2 &  
7,b7 by /rik+ #beb or #bec & ins]t+     
#bea1 #beb1 or #bec4  7d7 ,table (      
cont5ts ,! table ( cont5ts 9 section    
#bej7;a7 ( ! ,balanc$ ,budget & ,em]g5cy
 ,deficit ,control ,act ( #aihe 7#b     
,u4,s4,c4 #ijj7;a77 is am5d$ by /rik+ ! 
item relat+ to section #bea & ins]t+ !  
foll[+3  ,sec4 #bea4 ,total sp5d+       
limits4  4  #c4 ,allocation = em]g5cies 
7a7 ,9 g5]al ,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
 designat$ z = em]g5cies & may be us$ = 
no o!r purpose4  4  7b7 ,budget ( !     
,presid5t ,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