SEC. 301. 2-Year Extension of the Children’s Health Insurance Program.
“(19) for fiscal year 2016, $19,300,000,000; and
“(20) for fiscal year 2017, for purposes of making 2 semi-annual allotments—
“(A) $2,850,000,000 for the period beginning on October 1, 2016, and ending on March 31, 2017; and
“(B) $2,850,000,000 for the period beginning on April 1, 2017, and ending on September 30, 2017.”
“(B) Fiscal year 2013 and each succeeding fiscal year.—Subject to paragraphs (5) and (7), from the amount made available under paragraphs (16) through (19) of subsection (a) for fiscal year 2013 and each succeeding fiscal year, respectively, the Secretary shall compute a State allotment for each State (including the District of Columbia and each commonwealth and territory) for each such fiscal year as follows:
“(i) Rebasing in fiscal year 2013 and each succeeding odd-numbered fiscal year.—For fiscal year 2013 and each succeeding odd-numbered fiscal year (other than fiscal years 2015 and 2017), the allotment of the State is equal to the Federal payments to the State that are attributable to (and countable toward) the total amount of allotments available under this section to the State in the preceding fiscal year (including payments made to the State under subsection (n) for such preceding fiscal year as well as amounts redistributed to the State in such preceding fiscal year), multiplied by the allotment increase factor under paragraph (6) for such odd-numbered fiscal year.
“(ii) Growth factor update for fiscal year 2014 and each succeeding even-numbered fiscal year.—Except as provided in clauses (iii) and (iv), for fiscal year 2014 and each succeeding even-numbered fiscal year, the allotment of the State is equal to the sum of—
“(I) the amount of the State allotment under clause (i) for the preceding fiscal year; and
“(II) the amount of any payments made to the State under subsection (n) for such preceding fiscal year,
“(iii) Special rule for 2016.—For fiscal year 2016, the allotment of the State is equal to the Federal payments to the State that are attributable to (and countable toward) the total amount of allotments available under this section to the State in the preceding fiscal year (including payments made to the State under subsection (n) for such preceding fiscal year as well as amounts redistributed to the State in such preceding fiscal year), but determined as if the last two sentences of section 2105(b) were in effect in such preceding fiscal year and then multiplying the result by the allotment increase factor under paragraph (6) for fiscal year 2016.
“(iv) Reduction in 2018.—For fiscal year 2018, with respect to the allotment of the State for fiscal year 2017, any amounts of such allotment that remain available for expenditure by the State in fiscal year 2018 shall be reduced by one-third.”
“(4) For fiscal year 2017.—
“(A) First half.—Subject to paragraphs (5) and (7), from the amount made available under subparagraph (A) of paragraph (20) of subsection (a) for the semi-annual period described in such paragraph, increased by the amount of the appropriation for such period under section 301(b)(3) of the Medicare Access and CHIP Reauthorization Act of 2015, the Secretary shall compute a State allotment for each State (including the District of Columbia and each commonwealth and territory) for such semi-annual period in an amount equal to the first half ratio (described in subparagraph (D)) of the amount described in subparagraph (C).
“(B) Second half.—Subject to paragraphs (5) and (7), from the amount made available under subparagraph (B) of paragraph (20) of subsection (a) for the semi-annual period described in such paragraph, the Secretary shall compute a State allotment for each State (including the District of Columbia and each commonwealth and territory) for such semi-annual period in an amount equal to the amount made available under such subparagraph, multiplied by the ratio of—
“(i) the amount of the allotment to such State under subparagraph (A); to
“(ii) the total of the amount of all of the allotments made available under such subparagraph.
“(C) Full year amount based on rebased amount.—The amount described in this subparagraph for a State is equal to the Federal payments to the State that are attributable to (and countable towards) the total amount of allotments available under this section to the State in fiscal year 2016 (including payments made to the State under subsection (n) for fiscal year 2016 as well as amounts redistributed to the State in fiscal year 2016), multiplied by the allotment increase factor under paragraph (6) for fiscal year 2017.
“(D) First half ratio.—The first half ratio described in this subparagraph is the ratio of—
“(i) the sum of—
“(I) the amount made available under subsection (a)(20)(A); and
“(II) the amount of the appropriation for such period under section 301(b)(3) of the Medicare Access and CHIP Reauthorization Act of 2015; to
“(ii) the sum of the—
“(I) amount described in clause (i); and
“(II) the amount made available under subsection (a)(20)(B).”