,,ii #aaf? ,,congress #a/ ,session ,s4 #fc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,janu>y #i1 #bjai,mr4 ,:iteh\se 7= himself & ,mr4 ,blunt7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ! ,budget ,a ,,bill ,to implem5t ! recomm5dations ( ! ,jo9t ,select ,committee on ,budget & ,appropriations ,process ,re=m4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,bip>tisan ,budget & ,appropriations ,re=m ,act ( #bjai4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4,title ,i--,bi5nial ,budget ,resolutions,sec4 #aja4 ,purposes4,sec4 #ajb4 ,def9itions4,sec4 #ajc4 ,revision ( timetable4,sec4 #ajd4 ,bi5nial concurr5t resolutions on ! budget4,sec4 #aje4 ,committee allocations4,sec4 #ajf4 ,revision ( bi5nial budget4,sec4 #ajg4 ,additional am5dm5ts to ! ,congressional ,budget ,act ( #aigd to effectuate bi5nial budget+4,sec4 #ajh4 ,reconciliation process4,sec4 #aji4 ,bip>tisan budget resolution4,title ,,ii--,o!r ,matters,sec4 #bja4 ,views & e/imates ( committees4,sec4 #bjb4 ,annual supplem5tal budget submission by ! ,presid5t4,sec4 #bjc4 ,he>+ on ! fiscal /ate ( ! ,nation4,sec4 #bjd4 ,re=m ( ,s5ate ,budget ,committee4 ,i ,bi5nial ,budget ,resolutions #aja4 ,purposes ,p>agraph 7#b7 ( section #b ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd is am5d$ to read z foll[s3 7#b7 to facilitate ! det]m9ation bi5nially ( ! appropriate level ( ,f$]al rev5ues & exp5ditures by ! ,congress2 4 #ajb4 ,def9itions ,section #c ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fbb7 is am5d$-- 7#a7 9 p>agraph 7#d71 by /rik+ = a fiscal ye> ea* place x appe>s & ins]t+ = a bi5nium2 & 7#b7 by add+ at ! end ! foll[+ new p>agraphs3 7#ab7 ,! t]m direct sp5d+ has ! mean+ giv5 to su* t]m 9 section #bej7;c77#h7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe4 7#ac7 ,! t]m bi5nium means any p]iod ( #b consecutive fiscal ye>s beg9n+ ) an ev5-numb]$ fiscal ye>4 7#ad7 ,! t]m budget ye> has ! mean+ giv5 t t]m 9 section #bej7;c77#ab7 ( ! ,balanc$ ,budget & ,em]g5cy ,control ,act ( #aihe4 4 #ajc4 ,revision ( timetable ,section #cjj ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fca7 is am5d$ to read z foll[s3 #cjj4 ,timetable ,! timetable ) respect to ! congressional budget process = any ,congress is z foll[s3 ,fir/ ,session,on or be=e3,action to be complet$3,febru>y #ae;,congressional ,budget ,(fice submits report to ,budget ,committees4 ,m>* #a;,committees submit views & e/imates to ,budget ,committees4,april #a,s5ate ,budget ,committee reports bi5nial budget4,may #a;,congress completes action on ! bi5nial budget4,may #ae;,appropriation bills may be consid]$ 9 ! ,h\se ( ,repres5tatives4,june #aj;,h\se ,appropriations ,committee reports la/ annual appropriation bill4 ,octob] #a;,fir/ fiscal ye> ( ! bi5nium beg9s4,second ,session,on or be=e3,action to be complet$3,febru>y #ae;,congressional ,budget ,(fice submits report to ,budget ,committees4,june #aj;,h\se ,appropriations ,committee reports la/ annual appropriation bill4 ,octob] #a,second fiscal ye> ( ! bi5nium beg9s4 4 #ajd4 ,bi5nial concurr5t resolutions on ! budget 7a7 ,cont5ts ( resolution 7#a7 ,9 g5]al ,section #cja7;a7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcb7;a77 is am5d$-- 7,a7 by /rik+ ! matt] prec$+ p>agraph 7#a7 beg9n+ ) ,on or be=e ,april #ae & ins]t+ ! foll[+3 ,on or be=e ,may #a ( ea* odd-numb]$ cal5d> ye>1 ! ,congress %all complete action on a concurr5t resolution on ! budget = ! bi5nium beg9n+ on ,octob] #a ( t cal5d> ye>4 ,! concurr5t resolution %all set =? appropriate levels = ea* fiscal ye> 9 ! bi5nium & = at lea/ ea* fiscal ye> 9 ! next #b bi5niums = ! foll[+--2 7,b7 9 p>agraph 7#f7-- 7i7 by /rik+ = ! fiscal ye> & ins]t+ = ea* fiscal ye> 9 ! bi5nium2 & 7ii7 by /rik+ & at ! end2 7,c7 9 p>agraph 7#g7-- 7i7 by /rik+ = ! fiscal ye> & ins]t+ = ea* fiscal ye> 9 ! bi5nium2 & 7ii7 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 7,d7 by add+ aft] p>agraph 7#g7 ! foll[+3 7#h7 subtotals ( new budget au?ority & outlays = nondef5se discretion>y sp5d+2 def5se discretion>y sp5d+2 direct sp5d+2 & net int]e/4 2 & 7,e7 by add+ at ! end ( ! matt] foll[+ p>agraph 7#h7 7z add$ by subp>agraph 7,d77 ! foll[+3 ,! concurr5t resolution on ! budget = a bi5nium %all include proc$ures = adju/+ sp5d+ & rev5ue levels1 committee allocations1 & o!r am\nts 9 ! resolution dur+ ! second session ( a ,congress to reflect an updat$ basel9e t w be us$ = scor+ purposes44 7b7 ,additional ,matt]s 9 concurr5t resolution ,section #cja7;b7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcb7;b77 is am5d$-- 7#a7 9 p>agraph 7#c71 by /rik+ = su* fiscal ye> & ins]t+ = ei!r fiscal ye> 9 su* bi5nium2 7#b7 9 p>agraph 7#h71 by /rik+ & at ! end2 7#c7 9 p>agraph 7#i71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#d7 by add+ at ! end ! foll[+3 7#aj7 include total comb9$ outlays & rev5ues = tax exp5ditures4 4 7c7 ,he>+s & report ,section #cja7;e77#a7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcb7;e77 is am5d$ by /rik+ fiscal ye> & ins]t+ bi5nium4 7d7 ,goals = r$uc+ unemploym5t ,section #cja7;f7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcb7;f77 is am5d$ by /rik+ fiscal ye> ea* place x appe>s & ins]t+ bi5nium4 7e7 ,economic assumptions ,section #cja7;g7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcb7;g77 is am5d$ by /rik+ = a fiscal ye> & ins]t+ = a bi5nium4 7f7 ,section head+ ,! section head+ ( section #cja ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcb7 is am5d$ by /rik+ ,annual ,adoption ( & ins]t+ ,adoption ( ,bi5nial4 #aje4 ,committee allocations ,section #cjb ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcc7 is am5d$-- 7#a7 9 subsection 7a77#a7-- 7,a7 by /rik+ = t p]iod ( fiscal ye>s & ins]t+ = all fiscal ye>s cov]$ by ! resolution2 & 7,b7 by /rik+ only = ! fiscal ye> ( t resolution & ins]t+ only = ea* fiscal ye> ( ! bi5nium2 7#b7 9 subsection 7c7-- 7,a7 by /rik+ subsection 7a7 & ins]t+ subsection 7a77#a72 7,b7 by /rik+ = a fiscal ye> & ins]t+ = a budget ye>2 & 7,c7 by /rik+ = t fiscal ye> & ins]t+ = t budget ye>2 7#c7 9 subsection 7f77#a7-- 7,a7 by /rik+ = a fiscal ye>2 & 7,b7 by /rik+ ! fir/ fiscal ye> & ins]t+ ei!r fiscal ye> ( ! bi5nium ( t resolution2 & 7#d7 9 subsection 7f77#b77;,a71 by-- 7,a7 /rik+ fir/ fiscal ye> & ins]t+ ei!r fiscal ye> ( ! bi5nium ( t resolution2 & 7,b7 /rik+ ! total ( fiscal ye>s & ins]t+ ! total ( all fiscal ye>s cov]$ by ! resolution4 #ajf4 ,revision ( bi5nial budget ,section #cjd ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fce7 is am5d$ to read z foll[s3 #cjd4 ,p]missible revisions ( concurr5t resolutions on ! budget ,at any "t aft] ! concurr5t resolution on ! budget has be5 agre$ to pursuant to section #cja & be=e ! end ( ! bi5nium1 ! two ,h\ses may adopt a concurr5t resolution t revises or reaffirms ! mo/ rec5tly agre$ to concurr5t resolution on ! budget4 ,any concurr5t resolution t revises or reaffirms ! mo/ rec5tly agre$ to concurr5t resolution on ! budget %all be consid]$ "u ! proc$ures set =? 9 section #cje4 4 #ajg4 ,additional am5dm5ts to ! ,congressional ,budget ,act ( #aigd to effectuate bi5nial budget+ 7a7 ,en=cem5t ( section #cjc ,section #cjc ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcd7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 by /rik+ = a fiscal ye> & ins]t+ = a bi5nium2 & 7,b7 by /rik+ ! fir/ fiscal ye> cov]$ by t resolution & ins]t+ ei!r fiscal ye> ( t bi5nium2 7#b7 9 subsection 7b77#a77;,b71 by /rik+ ! fiscal ye> & ins]t+ ! bi5nium2 & 7#c7 9 subsection 7c7-- 7,a7 9 p>agraph 7#a7-- 7i7 by /rik+ = a fiscal ye> & ins]t+ = a bi5nium2 & 7ii7 by /rik+ = t ye> 9 ea* in/ance & ins]t+ = ea* ye> ( t bi5nium2 & 7,b7 9 p>agraph 7#b71 by /rik+ aft] ! ye> ! allocation ref]r$ to 9 t p>agraph is made & ins]t+ aft] ! ye>s ! allocations ref]r$ to 9 t p>agraph are made4 7b7 ,section #cje ,subsections 7a77#c7 & 7b77#c7 ( section #cje ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fcf7 are am5d$ by /rik+ = a fiscal ye>4 7c7 ,section #caa po9t ( ord] 7#a7 ,9 ! ,h\se ( ,repres5tatives ,section #caa7;a77#a7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fdb7;a77 is am5d$-- 7,a7 by /rik+ = a fiscal ye>2 7,b7 by /rik+ ! fir/ fiscal ye> ea* place x appe>s & ins]t+ ei!r ( ! fir/ two fiscal ye>s cov]$ by su* resolution2 & 7,c7 by /rik+ t fir/ fiscal ye> & ins]t+ ei!r ( ! fir/ two fiscal ye>s4 7#b7 ,9 ! ,s5ate ,section #caa7;a77#b7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fdb7;a77#b77 is am5d$-- 7,a7 9 subp>agraph 7,a71 by /rik+ = ! fir/ fiscal ye> & ins]t+ = ei!r ( ! fir/ two fiscal ye>s2 & 7,b7 9 subp>agraph 7,b7-- 7i7 by /rik+ t fir/ fiscal ye> ! fir/ place x appe>s & ins]t+ ei!r ( ! fir/ two fiscal ye>s2 & 7ii7 by /rik+ t fir/ fiscal ye> & ! ensu+ fiscal ye>s & ins]t+ all fiscal ye>s4 7#c7 ,social security levels ,section #caa7;a77#c7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fdb7;a77#b77 is am5d$ by-- 7,a7 /rik+ = ! fir/ fiscal ye> & ins]t+ = ei!r ( ! fir/ two fiscal ye>s2 & 7,b7 /rik+ t fiscal ye> & ! ensu+ fiscal ye>s & ins]t+ all fiscal ye>s4 #ajh4 ,reconciliation process ,section #caj7;a7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fda7;a77 is am5d$-- 7#a7 9 ! matt] be=e p>agraph 7#a71 by /rik+ ,a concurr5t & all t foll[s ?r\gh %all & ins]t+ ,a concurr5t resolution on ! budget = a bi5nium %all1 = ea* fiscal ye> ( ! bi5nium2 7#b7 9 p>agraph 7#a77;,a71 by /rik+ = su* fiscal ye> & ins]t+ = ea* fiscal ye> ( ! bi5nium2 7#c7 9 p>agraph 7#a77;,c71 by /rik+ su* fiscal ye> & ins]t+ ea* fiscal ye> ( ! bi5nium2 & 7#d7 9 p>agraph 7#a77;,d71 by /rik+ su* fiscal ye> & ins]t+ ea* fiscal ye> ( ! bi5nium4 #aji4 ,bip>tisan budget resolution 7a7 ,def9ition ,section #c ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fbb71 z am5d$ by section #ajb1 is fur!r am5d$ by add+ at ! end ! foll[+3 7#ae7 ,! t]m bip>tisan budget resolution means a concurr5t resolution on ! budget = a bi5nium-- 7,a7 ord]$ report$ to ! ,s5ate by ! ,committee on ! ,budget ( ! ,s5ate by an affirmative vote ( n less ?an half ( ! ,s5ators t are memb]s ( ! majority p>ty 9 ! ,s5ate & n less ?an half ( ! ,s5ators t are memb]s ( ! m9ority p>ty 9 ! ,s5ate2 7,b7 t e/abli%es-- 7i7 a t>get = ! ratio ( ! public debt to ! gross dome/ic product z ( ! end ( ! p]iod cov]$ by ! concurr5t resolution or a lat] date2 & 7ii7 = ea* fiscal ye> cov]$ by ! concurr5t resolution1 t>gets =-- 7,i7 ! ratio ( ! public debt to ! gross dome/ic product2 7,,ii7 ! am\nt ( heal? c>e sp5d+ by ! ,gov]nm5t2 7,,iii7 ! am\nt ( tax exp5ditures2 7,,iv7 ! am\nt ( discretion>y appropriations 7z def9$ 9 section #bej ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe 7#b ,u4,s4,c4 #ijj772 & 7,v7 ! am\nt ( rev5ues2 & 7,c7 :i* may include o!r economic or policy t>gets4 4 7b7 ,consid]ation ( bip>tisan budget resolutions ,section #cje ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fcf7 is am5d$ by add+ at ! end ! foll[+3 7e7 ,proc$ures 9 ! ,s5ate = bip>tisan budget resolutions 7#a7 ,o!r exp$it$ process ,9 ! ,s5ate1 ^u ! agreem5t ( ! majority lead] & ! m9ority lead]1 additional proc$ures to exp$ite consid]ation ( a bip>tisan budget resolution 7:i* may include limit+ ! numb] ( am5dm5ts ^u :i* ! ,s5ate %all vote7 %all apply to consid]ation ( ! bip>tisan budget resolution4 ,! majority lead] %all submit a writt5 /atem5t = ! ,congressional ,record reflect+ any agreem5t describ$ 9 ?is p>agraph4 7#b7 ,passage ,9 ! ,s5ate1 a bip>tisan budget resolution %all be agre$ to only ^u ! affirmative vote ( n less ?an-- 7,a7 ?ree-fif?s ( ! ,memb]s1 duly *os5 & sworn2 & 7,b7 #ae ,memb]s t are memb]s ( ! m9ority p>ty 9 ! ,s5ate4 7#c7 ,am5dm5ts betwe5 ! ,h\ses & conf]5ce reports ,to be consid]$ a bip>tisan budget resolution1 a conf]5ce report or an am5dm5t betwe5 ! ,h\ses on a concurr5t resolution on ! budget %all-- 7,a7 comply ) section #c7ae77;,b72 & 7,b7 be agre$ to 9 ! ,s5ate by an affirmative vote ( n less ?an-- 7i7 ?ree-fif?s ( ! ,memb]s1 duly *os5 & sworn2 & 7ii7 #ae ,memb]s t are memb]s ( ! m9ority p>ty 9 ! ,s5ate4 4 7c7 ,reconciliation "u bip>tisan budget resolutions ,section #caj7;e77#b7 ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fda7;e77#b77 is am5d$-- 7#a7 by ins]t+ 7,a7 be=e ,debate2 & 7#b7 by add+ at ! end ! foll[+3 7,b7 ,9 ! ,s5ate1 a reconciliation bill report$ "u subsection 7b7 pursuant to reconciliation in/ructions 9 a bip>tisan budget resolution1 a ,h\se am5dm5t !reto1 & a conf]5ce report !reon %all be agre$ to only ^u ! affirmative vote ( n less ?an-- 7i7 a majority ( ! ,memb]s vot+1 a quorum be+ pres5t2 & 7ii7 #ae ,memb]s t are memb]s ( ! m9ority p>ty 9 ! ,s5ate4 4 7d7 ,report+ ,section #bjb ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fjc7 is am5d$ by add+ at ! end ! foll[+3 7h7 ,report on ratio ( ! public debt to ! gross dome/ic product ,on & aft] ! date on :i* ! fir/ bip>tisan budget resolution is agre$ to1 ! ,director ( ! ,congressional ,budget ,(fice %all submit to ,congress semiannual reports on ! ratio ( ! public debt to ! gross dome/ic product1 :i* %all evaluate :e!r ! t>gets 9 ! mo/ rec5tly agre$ to bip>tisan budget resolution h be5 met4 4 ,,ii ,o!r ,matt]s #bja4 ,views & e/imates ( committees ,section #cja7;d7 ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fcb7;d77 is am5d$ to read z foll[s3 7d7 ,views & e/imates ( o!r committees 7#a7 ,9 g5]al ,n lat] ?an ,m>* #a ( ! fir/ session ( a ,congress1 or ^u ! reque/ ( ! ,committee on ! ,budget ( ! ,h\se ( ,repres5tatives or ! ,s5ate1 ea* committee ( ! ,h\se ( ,repres5tatives & ! ,s5ate hav+ legislative jurisdiction %all submit to its respective ,committee on ! ,budget its views & e/imates 7z det]m9$ by ! committee mak+ su* submission7 ) respect to ! foll[+3 7,a7 ,any legislation to be consid]$ dur+ t ,congress t is a priority = ! committee4 7,b7 ,any legislation )9 ! jurisdiction ( ! committee t w\ld e/abli%1 am5d1 or reau?orize any ,f$]al program & likely h a significant budget>y impact4 7#b7 ,additional matt]s ,any committee ( ! ,h\se ( ,repres5tatives or ! ,s5ate & any jo9t committee ( ! ,congress may submit to ! appropriate ,committees on ! ,budget its views & e/imates ) respect to all matt]s set =? 9 subsections 7a7 & 7b7 :i* relate to matt]s )9 its jurisdiction4 7#c7 ,jo9t ,economic ,committee ,! ,jo9t ,economic ,committee %all submit to ! ,committees on ! ,budget ( bo? ,h\ses its recomm5dations z to ! fiscal policy appropriate to ! goals ( ! ,employm5t ,act ( #aidf4 4 #bjb4 ,annual supplem5tal budget submission by ! ,presid5t ,section #aajf ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 7d7 ,on or be=e ,decemb] #a ( ea* cal5d> ye>1 ! ,presid5t %all submit to ,congress an adm9i/rative budget = ! fiscal ye> beg9n+ 9 ! ensu+ cal5d> ye>1 :i* %all include up-to-date e/imates = curr5t ye> & prior ye> data & cr$it ree/imates = ! curr5t ye> 7z includ$ 9 ! ,f$]al cr$it supplem5t ( su* budget74 4 #bjc4 ,he>+ on ! fiscal /ate ( ! ,nation 7a7 ,9 g5]al ,n lat] ?an #de days 7exclud+ ,saturdays1 ,sundays1 & holidays7 aft] ! date on :i* ! ,secret>y ( ! ,treasury submits to ,congress ! audit$ f9ancial /atem5t requir$ "u p>agraph 7#a7 ( section #cca7;e7 ( title #ca1 ,unit$ ,/ates ,code1 on a date agre$ ^u by ! *airs ( ! ,committees on ! ,budget ( ! ,h\se ( ,repres5tatives & ! ,s5ate & ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates1 ! *airs %all conduct a he>+ to receive a pres5tation f ! ,comptroll] ,g5]al review+ ! f9d+s ( ! audit requir$ "u p>agraph 7#b7 ( su* section & provid+1 ) respect to ! in=mation includ$ by ! ,secret>y 9 ! report accompany+ su* audit$ f9ancial /atem5t1 an analysis ( ! f9ancial position & condition ( ! ,f$]al ,gov]nm5t1 includ+ f9ancial measures 7su* z ! net op]at+ co/1 income1 budget deficits1 or budget surpluses7 & su/a9ability measures 7su* z ! long-t]m fiscal projection or social insurance projection7 describ$ 9 su* report4 7b7 ,effective date ,! requirem5t "u subsection 7a7 %all apply ) respect to any audit$ f9ancial /atem5t submitt$ on or aft] ! date ( ! enactm5t ( ?is ,act4 #bjd4 ,re=m ( ,s5ate ,budget ,committee ,9 ! ,s5ate1 ! ,committee on ! ,budget %all include ! foll[+3 7#a7 ,! ,*airman & ,rank+ ,memb] ( ! ,committee on ,appropriations4 7#b7 ,! ,*airman & ,rank+ ,memb] ( ! ,committee on ,f9ance4