,,ii #aahth ,,congress #ast ,session ,s4 #ggb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #i1 #bjbc,mr4 ,braun introduced the following bill2 which was read twice and referred to the ,committee on the ,budget ,a ,,bill ,to amend the ,congressional ,budget ,act of #aigd to set responsible budget targets4 #a4 ,short title ,this ,act may be cited as the ,responsible ,budget ,targets ,act of #bjbc4 #b4 ,establishing responsible budget targets 7a7 ,in general ,title ,,iv of the ,congressional ,budget ,act of #aigd 7#b ,u4,s4,c4 #fea et seq47 is amended by adding at the end the following3 ,c ,establishing responsible budget targets #dda4 ,definitions ,in this part3 7#a7 ,primary balance factor 7,a7 ,in general ,the term primary balance factor-- 7i7 with respect to the first fiscal year that begins not less than #ahj days after the date of enactment of this part1 means #j4j percentage point2 and 7ii7 except as provided in subparagraph 7,b71 with respect to each fiscal year after the fiscal year described in clause 7i71 means the sum obtained by adding-- 7,i7 the primary balance factor for the previous fiscal year2 and 7,,ii7 7aa7 if primary budget authority exceeded revenue for the fiscal year before the previous fiscal year1 #j4b percentage point2 and 7bb7 if revenue exceeded primary budget authority for the fiscal year before the previous fiscal year1 #j4b percentage point4 7,b7 ,special rule for first year after primary balance 7i7 ,in general ,for the first fiscal year that begins after the date of a determination that1 for a fiscal year beginning after the date of enactment of this part1 revenue exceeded primary budget authority1 the term primary balance factor means #j4j percentage point4 7ii7 ,subsequent adjustment ,after the first fiscal year described in clause 7i71 the primary balance factor shall be adjusted in accordance with subparagraph 7,a77ii74 7#b7 ,primary budget authority ,the term primary budget authority means all budget authority except for net interest on the debt4 7#c7 ,spending ceiling ,the term spending ceiling1 with respect to a fiscal year1 means the maximum amount of primary budget authority for the fiscal year1 as determined under section #ddb4 7#d7 ,spending growth factor ,the term spending growth factor1 with respect to a fiscal year1 means the difference obtained by subtracting-- 7,a7 the primary balance factor for the fiscal year2 from 7,b7 the average annual percentage growth in the gross domestic product of the ,united ,states during the #e-;fiscal-year period before the beginning of the fiscal year before such fiscal year4 #ddb4 ,establishment of a spending ceiling 7a7 ,in general ,the maximum amount of primary budget authority for a fiscal year shall be the amount of primary budget authority for the previous fiscal year as-- 7#a7 increased by the spending growth factor2 and 7#b7 modified by any adjustments under section #ddd or #dde4 7b7 ,exclusion of adjustments from baseline ,in determining the maximum amount of primary budget authority for a fiscal year1 the amount of primary budget authority for the previous fiscal year shall not include any adjustment under paragraph 7#a7 or 7#c7 of section #ddd or under section #dde7;c74 7c7 ,determination 7#a7 ,for congressional purposes ,the ,director of the ,congressional ,budget ,office shall-- 7,a7 include in each report under section #bjb7;e77#a7 and revision of such a report an estimate of the amount of the spending ceiling 7including factors necessary to produce the estimate7 and any adjustments under section #ddd for the fiscal year commencing on ,october #a of the year during which the ,director submits the report2 and 7,b7 provide to the ,committee on the ,budget of the ,senate and the ,committee on the ,budget of the ,house of ,representatives updates to the estimate of the spending ceiling and adjustments1 as appropriate4 7#b7 ,for executive branch purposes ,the ,president shall-- 7,a7 include in each budget of the ,president submitted under section #aaje of title #ca1 ,united ,states ,code1 an estimate by the ,office of ,management and ,budget of the amount of the spending ceiling and any adjustments under section #ddd for the fiscal year commencing on ,october #a of the year during which the ,president submits the budget2 and 7,b7 obtain from the ,office of ,management and ,budget updates to the estimate of the spending ceiling and adjustments1 as appropriate4 #ddc4 ,use of ceiling 7a7 ,by ,congress ,when considering legislation1 the ,senate and the ,house of ,representatives shall adhere to the spending ceiling1 as determined by the ,director of the ,congressional ,budget ,office under section #ddb7;c77#a7 7including any adjustments under section #ddd or #dde7;c774 7b7 ,by executive branch ,when considering proposals with fiscal implications1 the ,president shall adhere to the spending ceiling1 as determined by the ,director of the ,office of ,management and ,budget under section #ddb7;c77#b7 7including any adjustments under sections #ddd or #dde7;c774 #ddd4 ,adjusting the spending ceiling ,when adopting a concurrent resolution on the budget 7including a concurrent resolution on the budget described in section #cjd71 ,congress may adjust the spending ceiling as determined under section #ddb7;c77#a71 and when enacting a supplemental appropriations ,act1 ,congress may adjust the spending ceiling as determined under section #ddb7;c77#b71 commensurate with-- 7#a7 appropriations for an emergency1 as defined in section #bej7;c7 of the ,balanced ,budget and ,emergency ,deficit ,control ,act of #aihe 7#b ,u4,s4,c4 #ijj7;c772 7#b7 a revision in the estimate of the gross domestic product of the ,united ,states for any year to which section #dda7d77;,b7 applies2 7#c7 cyclical variations due to the difference between the actual and potential amount of the gross domestic product of the ,united ,states2 7#d7 timing shifts of expenditures or revenues due2 or 7#e7 enacted laws that result in a change in revenue4 #dde4 ,emergency account adjustments 7a7 ,establishment of emergency account ,the ,director of the ,congressional ,budget ,office and the ,director of the ,office of ,management and ,budget shall each maintain an emergency account4 7b7 ,computation 7#a7 ,in general ,the amount of the emergency account shall be-- 7,a7 increased by the amount of the adjustment made under section #ddd7a72 and 7,b7 decreased by the difference obtained by subtracting the amount of primary budget authority provided for a fiscal year from the adjusted spending ceiling 7excluding any adjustment under section #ddd7a71 and including the effect of adjustments under section #dde7;c77 for that fiscal year4 7#b7 ,limit of zero ,the amount of the emergency account may not be less than #j4 7c7 ,adjustment 7#a7 ,in general ,if the amount of the emergency account on the last day of a fiscal year has increased1 as compared to the last day of the fiscal year before such fiscal year1 the amount of the spending ceiling for the second fiscal year after such fiscal year and each of the ensuing #e fiscal years shall be reduced by the amount equal to one-sixth of the amount of the increase in the emergency account4 7#b7 ,modification of adjustment 7,a7 ,for congressional purposes ,when adopting a concurrent resolution on the budget 7including a concurrent resolution on the budget described in section #cjd71 ,congress may1 for purposes of applying the spending ceiling in the ,senate and the ,house of ,representatives-- 7i7 reduce the amount of the spending ceiling by the amount of the emergency account over a period shorter than #f fiscal years2 or 7ii7 in the case of an ongoing emergency1 reduce the amount of the spending ceiling by the amount of the emergency account over a period longer than #f fiscal years4 7,b7 ,for executive branch purposes ,when enacting a supplemental appropriations ,act1 ,congress may1 for purposes of applying the spending ceiling in the executive branch-- 7i7 reduce the amount of the spending ceiling by the amount of the emergency account over a period shorter than #f fiscal years2 or 7ii7 in the case of an ongoing emergency1 reduce the amount of the spending ceiling by the amount of the emergency account over a period longer than #f fiscal years4 4 7b7 ,conforming amendment ,the table of contents in section #a7;b7 of the ,congressional ,budget and ,impoundment ,control ,act of #aigd is amended by inserting after the item relating to section #dbh the following3 ,,part ,c--,establishing responsible budget targets ,sec4 #dda4 ,definitions4 ,sec4 #ddb4 ,establishment of a spending ceiling4 ,sec4 #ddc4 ,use of ceiling4 ,sec4 #ddd4 ,adjusting the spending ceiling4 ,sec4 #dde4 ,emergency account adjustments4 4