Sec. 101 Purposes
“(2) to facilitate the determination biennially of the appropriate level of Federal revenues and expenditures by the Congress;”
“(2) to facilitate the determination biennially of the appropriate level of Federal revenues and expenditures by the Congress;”
“(12) The term direct spending has the meaning given to such term in section 250(c)(8) of the Balanced Budget and Emergency Deficit Control Act of 1985.
“(13) The term biennium means any period of 2 consecutive fiscal years beginning with an even-numbered fiscal year.
“(14) The term budget year has the meaning given that term in section 250(c)(12) of the Balanced Budget and Emergency Control Act of 1985.”
“300. Timetable
“The timetable with respect to the congressional budget process for any Congress is as follows:”
“(8) subtotals of new budget authority and outlays for nondefense discretionary spending; defense discretionary spending; direct spending; and net interest.”
“(10) include total combined outlays and revenues for tax expenditures.”
“304. Permissible revisions of concurrent resolutions on the budget
“At any time after the concurrent resolution on the budget has been agreed to pursuant to section 301 and before the end of the biennium, the two Houses may adopt a concurrent resolution that revises or reaffirms the most recently agreed to concurrent resolution on the budget. Any concurrent resolution that revises or reaffirms the most recently agreed to concurrent resolution on the budget shall be considered under the procedures set forth in section 305.”
“(15) The term bipartisan budget resolution means a concurrent resolution on the budget for a biennium—
“(A) ordered reported to the Senate by the Committee on the Budget of the Senate by an affirmative vote of not less than half of the Senators that are members of the majority party in the Senate and not less than half of the Senators that are members of the minority party in the Senate;
“(B) that establishes—
“(i) a target for the ratio of the public debt to the gross domestic product as of the end of the period covered by the concurrent resolution or a later date; and
“(ii) for each fiscal year covered by the concurrent resolution, targets for—
“(I) the ratio of the public debt to the gross domestic product;
“(II) the amount of health care spending by the Government;
“(III) the amount of tax expenditures;
“(IV) the amount of discretionary appropriations (as defined in section 250 of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900)); and
“(V) the amount of revenues; and
“(C) which may include other economic or policy targets.”
“(e) Procedures in the Senate for bipartisan budget resolutions
“(1) Other expedited process—In the Senate, upon the agreement of the majority leader and the minority leader, additional procedures to expedite consideration of a bipartisan budget resolution (which may include limiting the number of amendments upon which the Senate shall vote) shall apply to consideration of the bipartisan budget resolution. The majority leader shall submit a written statement for the Congressional Record reflecting any agreement described in this paragraph.
“(2) Passage—In the Senate, a bipartisan budget resolution shall be agreed to only upon the affirmative vote of not less than—
“(A) three-fifths of the Members, duly chosen and sworn; and
“(B) 15 Members that are members of the minority party in the Senate.
“(3) Amendments between the Houses and conference reports—To be considered a bipartisan budget resolution, a conference report or an amendment between the Houses on a concurrent resolution on the budget shall—
“(A) comply with section 3(15)(B); and
“(B) be agreed to in the Senate by an affirmative vote of not less than—
“(i) three-fifths of the Members, duly chosen and sworn; and
“(ii) 15 Members that are members of the minority party in the Senate.”
“(B) In the Senate, a reconciliation bill reported under subsection (b) pursuant to reconciliation instructions in a bipartisan budget resolution, a House amendment thereto, and a conference report thereon shall be agreed to only upon the affirmative vote of not less than—
“(i) a majority of the Members voting, a quorum being present; and
“(ii) 15 Members that are members of the minority party in the Senate.”
“(h) Report on ratio of the public debt to the gross domestic product—On and after the date on which the first bipartisan budget resolution is agreed to, the Director of the Congressional Budget Office shall submit to Congress semiannual reports on the ratio of the public debt to the gross domestic product, which shall evaluate whether the targets in the most recently agreed to bipartisan budget resolution have been met.”