H.Con.Res. 34 (112th): Establishing the budget for the United States Government for fiscal year 2012 and setting forth appropriate budgetary ...

...levels for fiscal years 2013 through 2021.

112th Congress, 2011–2013. Text as of May 02, 2011 (Placed on Calendar in the Senate).

Status & Summary | PDF | Source: GPO

III

Calendar No. 36

112th CONGRESS

1st Session

H. CON. RES. 34

IN THE SENATE OF THE UNITED STATES

May 2, 2011

Received and referred to the Committee on the Budget; committee discharged pursuant to Section 300 of the Congressional Budget Act; placed on the calendar

CONCURRENT RESOLUTION

Establishing the budget for the United States Government for fiscal year 2012 and setting forth appropriate budgetary levels for fiscal years 2013 through 2021.

1.

Concurrent resolution on the budget for fiscal year 2012

(a)

Declaration

The Congress determines and declares that this concurrent resolution establishes the budget for fiscal year 2012 and sets forth appropriate budgetary levels for fiscal years 2013 through 2021.

(b)

Table of Contents

The table of contents for this resolution is as follows:

Sec. 1. Concurrent resolution on the budget for fiscal year 2012.

Title I—Recommended levels and amounts

Sec. 101. Recommended levels and amounts.

Sec. 102. Major functional categories.

Title II—Recommended Levels and Amounts for Fiscal Years 2030, 2040, and 2050

Sec. 201. Policy statement on long-term budgeting.

Title III—Reserves and Contingencies

Sec. 301. Costs of the global war on terrorism.

Sec. 302. Effective date.

Sec. 303. Reserve fund for health care reform.

Sec. 304. Reserve fund for the sustainable growth rate of the Medicare program.

Sec. 305. Reserve fund for deficit-neutral revenue measures.

Sec. 306. Deficit-neutral reserve fund for rural counties and schools.

Title IV—Budget Enforcement

Sec. 401. Discretionary spending limits.

Sec. 402. Limitation on advance appropriations.

Sec. 403. Concepts and definitions.

Sec. 404. Adjustments of aggregates and allocations for legislation.

Sec. 405. Limitation on long-term spending.

Sec. 406. Budgetary treatment of certain transactions.

Sec. 407. Application and effect of changes in allocations and aggregates.

Sec. 408. Fair value estimates.

Sec. 409. Exercise of rulemaking powers.

Title V—Policy

Sec. 501. Policy Statement on Medicare.

Sec. 502. Policy Statement on Social Security.

Sec. 503. Policy statement on budget enforcement.

Title VI—Sense of the House provisions

Sec. 601. Sense of the House on a responsible deficit reduction plan must consider all programs, including those at the Pentagon and the other national security agencies.

Sec. 602. Sense of the House regarding the importance of child support enforcement.

I

Recommended levels and amounts

101.

Recommended levels and amounts

The following budgetary levels are appropriate for each of fiscal years 2012 through 2021:

(1)

Federal revenues

For purposes of the enforcement of this resolution:

(A)

The recommended levels of Federal revenues are as follows:

  • Fiscal year 2012: $1,866,454,000,000.
  • Fiscal year 2013: $2,127,981,000,000.
  • Fiscal year 2014: $2,324,503,000,000.
  • Fiscal year 2015: $2,425,363,000,000.
  • Fiscal year 2016: $2,522,695,000,000.
  • Fiscal year 2017: $2,693,493,000,000.
  • Fiscal year 2018: $2,807,893,000,000.
  • Fiscal year 2019: $2,958,678,000,000.
  • Fiscal year 2020: $3,119,794,000,000.
  • Fiscal year 2021: $3,286,942,000,000.
(B)

The amounts by which the aggregate levels of Federal revenues should be changed are as follows:

  • Fiscal year 2012: -$25,000,000,000.
  • Fiscal year 2013: -$227,000,000,000.
  • Fiscal year 2014: -$346,000,000,000.
  • Fiscal year 2015: -$406,000,000,000.
  • Fiscal year 2016: -$448,000,000,000.
  • Fiscal year 2017: -$482,000,000,000.
  • Fiscal year 2018: -$527,000,000,000.
  • Fiscal year 2019: -$544,000,000,000.
  • Fiscal year 2020: -$561,000,000,000.
  • Fiscal year 2021: -$597,000,000,000.
(2)

New budget authority

For purposes of the enforcement of this resolution, the appropriate levels of total new budget authority are as follows:

  • Fiscal year 2012: $2,858,545,000,000.
  • Fiscal year 2013: $2,835,737,000,000.
  • Fiscal year 2014: $2,905,952,000,000.
  • Fiscal year 2015: $2,970,061,000,000.
  • Fiscal year 2016: $3,114,578,000,000.
  • Fiscal year 2017: $3,224,937,000,000.
  • Fiscal year 2018: $3,330,942,000,000.
  • Fiscal year 2019: $3,490,088,000,000.
  • Fiscal year 2020: $3,639,728,000,000.
  • Fiscal year 2021: $3,767,274,000,000.
(3)

Budget outlays

For purposes of the enforcement of this resolution, the appropriate levels of total budget outlays are as follows:

  • Fiscal year 2012: $2,947,916,000,000.
  • Fiscal year 2013: $2,915,241,000,000.
  • Fiscal year 2014: $2,902,944,000,000.
  • Fiscal year 2015: $2,949,301,000,000.
  • Fiscal year 2016: $3,097,060,000,000.
  • Fiscal year 2017: $3,193,477,000,000.
  • Fiscal year 2018: $3,271,881,000,000.
  • Fiscal year 2019: $3,450,742,000,000.
  • Fiscal year 2020: $3,587,701,000,000.
  • Fiscal year 2021: $3,726,564,000,000.
(4)

Deficits (on-budget)

For purposes of the enforcement of this resolution, the amounts of the deficits (on-budget) are as follows:

  • Fiscal year 2012: $1,081,462,000,000.
  • Fiscal year 2013: $787,260,000,000.
  • Fiscal year 2014: $578,441,000,000.
  • Fiscal year 2015: $523,938,000,000.
  • Fiscal year 2016: $574,365,000,000.
  • Fiscal year 2017: $499,984,000,000.
  • Fiscal year 2018: $463,988,000,000.
  • Fiscal year 2019: $492,064,000,000.
  • Fiscal year 2020: $467,907,000,000.
  • Fiscal year 2021: $439,622,000,000.
(5)

Debt subject to limit

Pursuant to section 301(a)(5) of the Congressional Budget Act of 1974, the appropriate levels of the public debt are as follows:

  • Fiscal year 2012: $16,204,000,000,000.
  • Fiscal year 2013: $17,177,000,000,000.
  • Fiscal year 2014: $17,951,000,000,000.
  • Fiscal year 2015: $18,697,000,000,000.
  • Fiscal year 2016: $19,503,000,000,000.
  • Fiscal year 2017: $20,245,000,000,000.
  • Fiscal year 2018: $20,968,000,000,000.
  • Fiscal year 2019: $21,699,000,000,000.
  • Fiscal year 2020: $22,408,000,000,000.
  • Fiscal year 2021: $23,102,000,000,000.
(6)

Debt held by the public

The appropriate levels of debt held by the public are as follows:

  • Fiscal year 2012: $11,418,000,000,000.
  • Fiscal year 2013: $12,216,000,000,000.
  • Fiscal year 2014: $12,797,000,000,000.
  • Fiscal year 2015: $13,319,000,000,000.
  • Fiscal year 2016: $13,876,000,000,000.
  • Fiscal year 2017: $14,351,000,000,000.
  • Fiscal year 2018: $14,787,000,000,000.
  • Fiscal year 2019: $15,242,000,000,000.
  • Fiscal year 2020: $15,673,000,000,000.
  • Fiscal year 2021; $16,068,000,000,000.
102.

Major functional categories

The Congress determines and declares that the appropriate levels of new budget authority and outlays for fiscal years 2011 through 2021 for each major functional category are:

(1)

National Defense (050):

Fiscal year 2012:

(A)

New budget authority, $582,626,000,000.

(B)

Outlays, $593,580,000,000.

Fiscal year 2013:

(A)

New budget authority, $600,283,000,000.

(B)

Outlays, $597,211,000,000.

Fiscal year 2014:

(A)

New budget authority, $616,451,000,000.

(B)

Outlays, $606,903,000,000.

Fiscal year 2015:

(A)

New budget authority, $628,847,000,000.

(B)

Outlays, $618,837,000,000.

Fiscal year 2016:

(A)

New budget authority, $641,976,000,000.

(B)

Outlays, $635,475,000,000.

Fiscal year 2017:

(A)

New budget authority, $653,695,000,000.

(B)

Outlays, $643,275,000,000.

Fiscal year 2018:

(A)

New budget authority, $665,679,000,000.

(B)

Outlays, $650,246,000,000.

Fiscal year 2019:

(A)

New budget authority, $677,884,000,000.

(B)

Outlays, $666,959,000,000.

Fiscal year 2020:

(A)

New budget authority, $690,273,000,000.

(B)

Outlays, $679,088,000,000.

Fiscal year 2021:

(A)

New budget authority, $702,903,000,000.

(B)

Outlays, $691,494,000,000.

(2)

International Affairs (150):

Fiscal year 2012:

(A)

New budget authority, $36,575,000,000.

(B)

Outlays, $36,102,000,000.

Fiscal year 2013:

(A)

New budget authority, $35,653,000,000.

(B)

Outlays, $34,545,000,000.

Fiscal year 2014:

(A)

New budget authority, $31,694,000,000.

(B)

Outlays, $34,178,000,000.

Fiscal year 2015:

(A)

New budget authority, $30,316,000,000.

(B)

Outlays, $32,613,000,000.

Fiscal year 2016:

(A)

New budget authority, $29,356,000,000.

(B)

Outlays, $32,161,000,000.

Fiscal year 2017:

(A)

New budget authority, $30,729,000,000.

(B)

Outlays, $31,926,000,000.

Fiscal year 2018:

(A)

New budget authority, $31,978,000,000.

(B)

Outlays, $31,594,000,000.

Fiscal year 2019:

(A)

New budget authority, $32,824,000,000.

(B)

Outlays, $30,487,000,000.

Fiscal year 2020:

(A)

New budget authority, $33,698,000,000.

(B)

Outlays, $30,123,000,000.

Fiscal year 2021:

(A)

New budget authority, $34,572,000,000.

(B)

Outlays, $30,740,000,000.

(3)

General Science, Space, and Technology (250):

Fiscal year 2012:

(A)

New budget authority, $27,452,000,000.

(B)

Outlays, $29,798,000,000.

Fiscal year 2013:

(A)

New budget authority, $27,316,000,000.

(B)

Outlays, $28,242,000,000.

Fiscal year 2014:

(A)

New budget authority, $27,312,000,000.

(B)

Outlays, $27,763,000,000.

Fiscal year 2015:

(A)

New budget authority, $27,312,000,000.

(B)

Outlays, $27,469,000,000.

Fiscal year 2016:

(A)

New budget authority, $27,311,000,000.

(B)

Outlays, $27,506,000,000.

Fiscal year 2017:

(A)

New budget authority, $27,652,000,000.

(B)

Outlays, $27,646,000,000.

Fiscal year 2018:

(A)

New budget authority, $28,341,000,000.

(B)

Outlays, $28,114,000,000.

Fiscal year 2019:

(A)

New budget authority, $29,049,000,000.

(B)

Outlays, $28,684,000,000.

Fiscal year 2020:

(A)

New budget authority, $29,758,000,000.

(B)

Outlays, $29,344,000,000.

Fiscal year 2021:

(A)

New budget authority, $30,472,000,000.

(B)

Outlays, $29,946,000,000.

(4)

Energy (270):

Fiscal year 2012:

(A)

New budget authority, $6,996,000,000.

(B)

Outlays, $16,174,000,000.

Fiscal year 2013:

(A)

New budget authority, $3,850,000,000.

(B)

Outlays, $10,053,000,000.

Fiscal year 2014:

(A)

New budget authority, $1,215,000,000.

(B)

Outlays, $4,547,000,000.

Fiscal year 2015:

(A)

New budget authority, $1,101,000,000.

(B)

Outlays, $1,360,000,000.

Fiscal year 2016:

(A)

New budget authority, $1,021,000,000.

(B)

Outlays, $340,000,000.

Fiscal year 2017:

(A)

New budget authority, $1,010,000,000.

(B)

Outlays, $460,000,000.

Fiscal year 2018:

(A)

New budget authority, $1,075,000,000.

(B)

Outlays, $539,000,000.

Fiscal year 2019:

(A)

New budget authority, $1,211,000,000.

(B)

Outlays, $497,000,000.

Fiscal year 2020:

(A)

New budget authority, $1,179,000,000.

(B)

Outlays, $470,000,000.

Fiscal year 2021:

(A)

New budget authority, $1,195,000,000.

(B)

Outlays, $476,000,000.

(5)

Natural Resources and Environment (300):

Fiscal year 2012:

(A)

New budget authority, $31,921,000,000.

(B)

Outlays, $36,818,000,000.

Fiscal year 2013:

(A)

New budget authority, $29,414,000,000.

(B)

Outlays, $33,386,000,000.

Fiscal year 2014:

(A)

New budget authority, $25,296,000,000.

(B)

Outlays, $28,943,000,000.

Fiscal year 2015:

(A)

New budget authority, $26,893,000,000.

(B)

Outlays, $29,271,000,000.

Fiscal year 2016:

(A)

New budget authority, $25,231,000,000.

(B)

Outlays, $26,070,000,000.

Fiscal year 2017:

(A)

New budget authority, $26,156,000,000.

(B)

Outlays, $26,307,000,000.

Fiscal year 2018:

(A)

New budget authority, $26,618,000,000.

(B)

Outlays, $25,308,000,000.

Fiscal year 2019:

(A)

New budget authority, $26,956,000,000.

(B)

Outlays, $25,439,000,000.

Fiscal year 2020:

(A)

New budget authority, $27,787,000,000.

(B)

Outlays, $25,990,000,000.

Fiscal year 2021:

(A)

New budget authority, $27,756,000,000.

(B)

Outlays, $25,992,000,000.

(6)

Agriculture (350):

Fiscal year 2012:

(A)

New budget authority, $19,819,000,000.

(B)

Outlays, $19,559,000,000.

Fiscal year 2013:

(A)

New budget authority, $18,396,000,000.

(B)

Outlays, $21,989,000,000.

Fiscal year 2014:

(A)

New budget authority, $16,717,000,000.

(B)

Outlays, $16,469,000,000.

Fiscal year 2015:

(A)

New budget authority, $17,355,000,000.

(B)

Outlays, $16,688,000,000.

Fiscal year 2016:

(A)

New budget authority, $17,235,000,000.

(B)

Outlays, $16,505,000,000.

Fiscal year 2017:

(A)

New budget authority, $16,859,000,000.

(B)

Outlays, $16,069,000,000.

Fiscal year 2018:

(A)

New budget authority, $17,025,000,000.

(B)

Outlays, $16,180,000,000.

Fiscal year 2019:

(A)

New budget authority, $17,159,000,000.

(B)

Outlays, $16,283,000,000.

Fiscal year 2020:

(A)

New budget authority, $17,469,000,000.

(B)

Outlays, $16,579,000,000.

Fiscal year 2021:

(A)

New budget authority, $17,755,000,000.

(B)

Outlays, $16,873,000,000.

(7)

Commerce and Housing Credit (370):

Fiscal year 2012:

(A)

New budget authority, $14,317,000,000.

(B)

Outlays, $16,275,000,000.

Fiscal year 2013:

(A)

New budget authority, $4,040,000,000.

(B)

Outlays, $2,611,000,000.

Fiscal year 2014:

(A)

New budget authority, $508,000,000.

(B)

Outlays, -$13,986,000,000.

Fiscal year 2015:

(A)

New budget authority, -$2,609,000,000.

(B)

Outlays, -$19,417,000,000.

Fiscal year 2016:

(A)

New budget authority, -$3,260,000,000.

(B)

Outlays, -$23,459,000,000.

Fiscal year 2017:

(A)

New budget authority, -$293,000,000.

(B)

Outlays, -$23,592,000,000.

Fiscal year 2018:

(A)

New budget authority, -$261,000,000.

(B)

Outlays, -$25,981,000,000.

Fiscal year 2019:

(A)

New budget authority, -$222,000,000.

(B)

Outlays, -$17,547,000,000.

Fiscal year 2020:

(A)

New budget authority, -$128,000,000.

(B)

Outlays, -$17,992,000,000.

Fiscal year 2021:

(A)

New budget authority, -$196,000,000.

(B)

Outlays, -$19,650,000,000.

(8)

Transportation (400):

Fiscal year 2012:

(A)

New budget authority, $64,316,000,000.

(B)

Outlays, $80,431,000,000.

Fiscal year 2013:

(A)

New budget authority, $64,515,000,000.

(B)

Outlays, $71,264,000,000.

Fiscal year 2014:

(A)

New budget authority, $64,265,000,000.

(B)

Outlays, $67,722,000,000.

Fiscal year 2015:

(A)

New budget authority, $60,377,000,000.

(B)

Outlays, $66,084,000,000.

Fiscal year 2016:

(A)

New budget authority, $68,563,000,000.

(B)

Outlays, $65,957,000,000.

Fiscal year 2017:

(A)

New budget authority, $65,916,000,000.

(B)

Outlays, $67,036,000,000.

Fiscal year 2018:

(A)

New budget authority, $70,578,000,000.

(B)

Outlays, $67,451,000,000.

Fiscal year 2019:

(A)

New budget authority, $66,719,000,000.

(B)

Outlays, $69,869,000,000.

Fiscal year 2020:

(A)

New budget authority, $67,472,000,000.

(B)

Outlays, $71,551,000,000.

Fiscal year 2021:

(A)

New budget authority, $68,936,000,000.

(B)

Outlays, $76,853,000,000.

(9)

Community and Regional Development (450):

Fiscal year 2012:

(A)

New budget authority, $11,572,000,000.

(B)

Outlays, $23,559,000,000.

Fiscal year 2013:

(A)

New budget authority, $11,344,000,000.

(B)

Outlays, $20,609,000,000.

Fiscal year 2014:

(A)

New budget authority, $11,280,000,000.

(B)

Outlays, $18,127,000,000.

Fiscal year 2015:

(A)

New budget authority, $11,206,000,000.

(B)

Outlays, $14,176,000,000.

Fiscal year 2016:

(A)

New budget authority, $11,117,000,000.

(B)

Outlays, $12,257,000,000.

Fiscal year 2017:

(A)

New budget authority, $11,219,000,000.

(B)

Outlays, $11,231,000,000.

Fiscal year 2018:

(A)

New budget authority, $11,497,000,000.

(B)

Outlays, $10,860,000,000.

Fiscal year 2019:

(A)

New budget authority, $11,779,000,000.

(B)

Outlays, $11,028,000,000.

Fiscal year 2020:

(A)

New budget authority, $12,065,000,000.

(B)

Outlays, $11,294,000,000.

Fiscal year 2021:

(A)

New budget authority, $12,354,000,000.

(B)

Outlays, $11,524,000,000.

(10)

Education, Training, Employment, and Social Services (500):

Fiscal year 2012:

(A)

New budget authority, $67,122,000,000.

(B)

Outlays, $100,012,000,000.

Fiscal year 2013:

(A)

New budget authority, $63,887,000,000.

(B)

Outlays, $73,071,000,000.

Fiscal year 2014:

(A)

New budget authority, $66,076,000,000.

(B)

Outlays, $68,044,000,000.

Fiscal year 2015:

(A)

New budget authority, $69,446,000,000.

(B)

Outlays, $70,450,000,000.

Fiscal year 2016:

(A)

New budget authority, $73,314,000,000.

(B)

Outlays, $73,310,000,000.

Fiscal year 2017:

(A)

New budget authority, $75,371,000,000.

(B)

Outlays, $75,665,000,000.

Fiscal year 2018:

(A)

New budget authority, $76,798,000,000.

(B)

Outlays, $77,013,000,000.

Fiscal year 2019:

(A)

New budget authority, $78,314,000,000.

(B)

Outlays, $78,385,000,000.

Fiscal year 2020:

(A)

New budget authority, $79,629,000,000.

(B)

Outlays, $79,806,000,000.

Fiscal year 2021:

(A)

New budget authority, $80,952,000,000.

(B)

Outlays, $81,047,000,000.

(11)

Health (550):

Fiscal year 2012:

(A)

New budget authority, $341,873,000,000.

(B)

Outlays, $346,636,000,000.

Fiscal year 2013:

(A)

New budget authority, $343,733,000,000.

(B)

Outlays, $340,608,000,000.

Fiscal year 2014:

(A)

New budget authority, $338,064,000,000.

(B)

Outlays, $320,444,000,000.

Fiscal year 2015:

(A)

New budget authority, $327,012,000,000.

(B)

Outlays, $315,117,000,000.

Fiscal year 2016:

(A)

New budget authority, $320,409,000,000.

(B)

Outlays, $325,200,000,000.

Fiscal year 2017:

(A)

New budget authority, $339,663,000,000.

(B)

Outlays, $342,703,000,000.

Fiscal year 2018:

(A)

New budget authority, $349,840,000,000.

(B)

Outlays, $347,303,000,000.

Fiscal year 2019:

(A)

New budget authority, $371,826,000,000.

(B)

Outlays, $368,558,000,000.

Fiscal year 2020:

(A)

New budget authority, $395,908,000,000.

(B)

Outlays, $382,056,000,000.

Fiscal year 2021:

(A)

New budget authority, $404,674,000,000.

(B)

Outlays, $400,682,000,000.

(12)

Medicare (570):

Fiscal year 2012:

(A)

New budget authority, $481,521,000,000.

(B)

Outlays, $481,816,000,000.

Fiscal year 2013:

(A)

New budget authority, $519,903,000,000.

(B)

Outlays, $520,406,000,000.

Fiscal year 2014:

(A)

New budget authority, $550,105,000,000.

(B)

Outlays, $550,248,000,000.

Fiscal year 2015:

(A)

New budget authority, $573,252,000,000.

(B)

Outlays, $573,333,000,000.

Fiscal year 2016:

(A)

New budget authority, $618,945,000,000.

(B)

Outlays, $619,385,000,000.

Fiscal year 2017:

(A)

New budget authority, $637,938,000,000.

(B)

Outlays, $638,059,000,000.

Fiscal year 2018:

(A)

New budget authority, $657,067,000,000.

(B)

Outlays, $657,111,000,000.

Fiscal year 2019:

(A)

New budget authority, $711,486,000,000.

(B)

Outlays, $711,897,000,000.

Fiscal year 2020:

(A)

New budget authority, $758,271,000,000.

(B)

Outlays, $758,376,000,000.

Fiscal year 2021:

(A)

New budget authority, $809,106,000,000.

(B)

Outlays, $809,201,000,000.

(13)

Income Security (600):

Fiscal year 2012:

(A)

New budget authority, $501,664,000,000.

(B)

Outlays, $501,006,000,000.

Fiscal year 2013:

(A)

New budget authority, $487,498,000,000.

(B)

Outlays, $487,248,000,000.

Fiscal year 2014:

(A)

New budget authority, $457,308,000,000.

(B)

Outlays, $456,072,000,000.

Fiscal year 2015:

(A)

New budget authority, $431,150,000,000.

(B)

Outlays, $429,143,000,000.

Fiscal year 2016:

(A)

New budget authority, $436,659,000,000.

(B)

Outlays, $438,896,000,000.

Fiscal year 2017:

(A)

New budget authority, $436,985,000,000.

(B)

Outlays, $434,795,000,000.

Fiscal year 2018:

(A)

New budget authority, $441,467,000,000.

(B)

Outlays, $434,302,000,000.

Fiscal year 2019:

(A)

New budget authority, $457,183,000,000.

(B)

Outlays, $454,448,000,000.

Fiscal year 2020:

(A)

New budget authority, $468,308,000,000.

(B)

Outlays, $465,565,000,000.

Fiscal year 2021:

(A)

New budget authority, $480,687,000,000.

(B)

Outlays, $477,942,000,000.

(14)

Social Security (650):

Fiscal year 2012:

(A)

New budget authority, $54,439,000,000.

(B)

Outlays, $54,624,000,000.

Fiscal year 2013:

(A)

New budget authority, $29,096,000,000.

(B)

Outlays, $29,256,000,000.

Fiscal year 2014:

(A)

New budget authority, $32,701,000,000.

(B)

Outlays, $32,776,000,000.

Fiscal year 2015:

(A)

New budget authority, $36,261,000,000.

(B)

Outlays, $36,311,000,000.

Fiscal year 2016:

(A)

New budget authority, $40,171,000,000.

(B)

Outlays, $40,171,000,000.

Fiscal year 2017:

(A)

New budget authority, $44,263,000,000.

(B)

Outlays, $44,263,000,000.

Fiscal year 2018:

(A)

New budget authority, $48,717,000,000.

(B)

Outlays, $48,717,000,000.

Fiscal year 2019:

(A)

New budget authority, $53,508,000,000.

(B)

Outlays, $53,508,000,000.

Fiscal year 2020:

(A)

New budget authority, $58,552,000,000.

(B)

Outlays, $58,552,000,000.

Fiscal year 2021:

(A)

New budget authority, $64,053,000,000.

(B)

Outlays, $64,053,000,000.

(15)

Veterans Benefits and Services (700):

Fiscal year 2012:

(A)

New budget authority, $128,339,000,000.

(B)

Outlays, $127,140,000,000.

Fiscal year 2013:

(A)

New budget authority, $130,024,000,000.

(B)

Outlays, $130,025,000,000.

Fiscal year 2014:

(A)

New budget authority, $134,143,000,000.

(B)

Outlays, $134,055,000,000.

Fiscal year 2015:

(A)

New budget authority, $138,167,000,000.

(B)

Outlays, $137,851,000,000.

Fiscal year 2016:

(A)

New budget authority, $147,410,000,000.

(B)

Outlays, $146,868,000,000.

Fiscal year 2017:

(A)

New budget authority, $146,323,000,000.

(B)

Outlays, $145,704,000,000.

Fiscal year 2018:

(A)

New budget authority, $145,412,000,000.

(B)

Outlays, $144,751,000,000.

Fiscal year 2019:

(A)

New budget authority, $155,091,000,000.

(B)

Outlays, $154,407,000,000.

Fiscal year 2020:

(A)

New budget authority, $159,680,000,000.

(B)

Outlays, $158,979,000,000.

Fiscal year 2021:

(A)

New budget authority, $164,381,000,000.

(B)

Outlays, $163,622,000,000.

(16)

Administration of Justice (750):

Fiscal year 2012:

(A)

New budget authority, $56,946,000,000.

(B)

Outlays, $53,931,000,000.

Fiscal year 2013:

(A)

New budget authority, $45,326,000,000.

(B)

Outlays, $50,482,000,000.

Fiscal year 2014:

(A)

New budget authority, $45,093,000,000.

(B)

Outlays, $48,664,000,000.

Fiscal year 2015:

(A)

New budget authority, $44,928,000,000.

(B)

Outlays, $47,337,000,000.

Fiscal year 2016:

(A)

New budget authority, $47,009,000,000.

(B)

Outlays, $48,519,000,000.

Fiscal year 2017:

(A)

New budget authority, $45,731,000,000.

(B)

Outlays, $46,650,000,000.

Fiscal year 2018:

(A)

New budget authority, $46,669,000,000.

(B)

Outlays, $46,957,000,000.

Fiscal year 2019:

(A)

New budget authority, $47,768,000,000.

(B)

Outlays, $47,649,000,000.

Fiscal year 2020:

(A)

New budget authority, $50,848,000,000.

(B)

Outlays, $50,415,000,000.

Fiscal year 2021:

(A)

New budget authority, $52,863,000,000.

(B)

Outlays, $52,407,000,000.

(17)

General Government (800):

Fiscal year 2012:

(A)

New budget authority, $22,762,000,000.

(B)

Outlays, $27,205,000,000.

Fiscal year 2013:

(A)

New budget authority, $22,185,000,000.

(B)

Outlays, $23,460,000,000.

Fiscal year 2014:

(A)

New budget authority, $22,232,000,000.

(B)

Outlays, $22,619,000,000.

Fiscal year 2015:

(A)

New budget authority, $22,183,000,000.

(B)

Outlays, $22,021,000,000.

Fiscal year 2016:

(A)

New budget authority, $22,217,000,000.

(B)

Outlays, $21,643,000,000.

Fiscal year 2017:

(A)

New budget authority, $22,453,000,000.

(B)

Outlays, $21,718,000,000.

Fiscal year 2018:

(A)

New budget authority, $22,979,000,000.

(B)

Outlays, $22,016,000,000.

Fiscal year 2019:

(A)

New budget authority, $23,559,000,000.

(B)

Outlays, $22,295,000,000.

Fiscal year 2020:

(A)

New budget authority, $23,915,000,000.

(B)

Outlays, $22,606,000,000.

Fiscal year 2021:

(A)

New budget authority, $24,356,000,000.

(B)

Outlays, $23,024,000,000.

(18)

Net Interest (900):

Fiscal year 2012:

(A)

New budget authority, $372,558,000,000.

(B)

Outlays, $372,558,000,000.

Fiscal year 2013:

(A)

New budget authority, $435,109,000,000.

(B)

Outlays, $435,109,000,000.

Fiscal year 2014:

(A)

New budget authority, $508,435,000,000.

(B)

Outlays, $508,435,000,000.

Fiscal year 2015:

(A)

New budget authority, $578,063,000,000.

(B)

Outlays, $578,063,000,000.

Fiscal year 2016:

(A)

New budget authority, $648,083,000,000.

(B)

Outlays, $648,083,000,000.

Fiscal year 2017:

(A)

New budget authority, $712,300,000,000.

(B)

Outlays, $712,300,000,000.

Fiscal year 2018:

(A)

New budget authority, $769,605,000,000.

(B)

Outlays, $769,605,000,000.

Fiscal year 2019:

(A)

New budget authority, $818,115,000,000.

(B)

Outlays, $818,115,000,000.

Fiscal year 2020:

(A)

New budget authority, $864,371,000,000.

(B)

Outlays, $864,371,000,000.

Fiscal year 2021:

(A)

New budget authority, $899,690,000,000.

(B)

Outlays, $899,690,000,000.

(19)

Allowances (920):

Fiscal year 2012:

(A)

New budget authority, -$6,299,000,000.

(B)

Outlays, -$2,626,000,000.

Fiscal year 2013:

(A)

New budget authority, -$4,386,000,000.

(B)

Outlays, -$5,545,000,000.

Fiscal year 2014:

(A)

New budget authority, -$10,247,000,000.

(B)

Outlays, -$11,263,000,000.

Fiscal year 2015:

(A)

New budget authority, -$16,340,000,000.

(B)

Outlays, -$16,946,000,000.

Fiscal year 2016:

(A)

New budget authority, -$22,243,000,000.

(B)

Outlays, -$22,809,000,000.

Fiscal year 2017:

(A)

New budget authority, -$27,786,000,000.

(B)

Outlays, -$27,637,000,000.

Fiscal year 2018:

(A)

New budget authority, -$33,072,000,000.

(B)

Outlays, -$32,959,000,000.

Fiscal year 2019:

(A)

New budget authority, -$38,404,000,000.

(B)

Outlays, -$38,286,000,000.

Fiscal year 2020:

(A)

New budget authority, -$43,684,000,000.

(B)

Outlays, -$43,594,000,000.

Fiscal year 2021:

(A)

New budget authority, -$49,060,000,000.

(B)

Outlays, -$48,947,000,000.

(20)

Undistributed Offsetting Receipts (950):

Fiscal year 2012:

(A)

New budget authority, -$84,517,000,000.

(B)

Outlays, -$84,517,000,000.

Fiscal year 2013:

(A)

New budget authority, -$81,449,000,000.

(B)

Outlays, -$81,449,000,000.

Fiscal year 2014:

(A)

New budget authority, -$82,695,000,000.

(B)

Outlays, -$82,695,000,000.

Fiscal year 2015:

(A)

New budget authority, -$84,857,000,000.

(B)

Outlays, -$84,857,000,000.

Fiscal year 2016:

(A)

New budget authority, -$85,946,000,000.

(B)

Outlays, -$85,946,000,000.

Fiscal year 2017:

(A)

New budget authority, -$91,248,000,000.

(B)

Outlays, -$91,248,000,000.

Fiscal year 2018:

(A)

New budget authority, -$97,099,000,000.

(B)

Outlays, -$97,099,000,000.

Fiscal year 2019:

(A)

New budget authority, -$101,718,000,000.

(B)

Outlays, -$101,718,000,000.

Fiscal year 2020:

(A)

New budget authority, -$105,645,000,000.

(B)

Outlays, -$105,645,000,000.

Fiscal year 2021:

(A)

New budget authority, -$110,174,000,000.

(B)

Outlays, -$110,174,000,000.

(21)

Global War on Terrorism and related activities (970):

Fiscal year 2012:

(A)

New budget authority, $126,544,000,000.

(B)

Outlays, $117,835,000,000.

Fiscal year 2013:

(A)

New budget authority, $50,000,000,000.

(B)

Outlays, $92,661,000,000.

Fiscal year 2014:

(A)

New budget authority, $50,000,000,000.

(B)

Outlays, $64,878,000,000.

Fiscal year 2015:

(A)

New budget authority, $50,000,000,000.

(B)

Outlays, $54,401,000,000.

Fiscal year 2016:

(A)

New budget authority, $50,000,000,000.

(B)

Outlays, $50,929,000,000.

Fiscal year 2017:

(A)

New budget authority, $50,000,000,000.

(B)

Outlays, $50,147,000,000.

Fiscal year 2018:

(A)

New budget authority, $50,000,000,000.

(B)

Outlays, $49,851,000,000.

Fiscal year 2019:

(A)

New budget authority, $50,000,000,000.

(B)

Outlays, $49,784,000,000.

Fiscal year 2020:

(A)

New budget authority, $50,000,000,000.

(B)

Outlays, $49,769,000,000.

Fiscal year 2021:

(A)

New budget authority, $50,000,000,000.

(B)

Outlays, $49,769,000,000.

II

Recommended Levels and Amounts for Fiscal Years 2030, 2040, and 2050

201.

Policy statement on long-term budgeting

The following are the recommended budget levels for each of fiscal years 2030, 2040, and 2050 as a percent of the gross domestic product of the United States:

(1)

Federal Revenues

The appropriate levels of Federal revenues are as follows:

  • Fiscal year 2030: 19 percent.
  • Fiscal year 2040: 19 percent.
  • Fiscal year 2050: 19 percent.
(2)

Budget outlays

The appropriate levels of total budget outlays are as follows:

  • Fiscal year 2030: 20.75 percent.
  • Fiscal year 2040: 18.75 percent.
  • Fiscal year 2050: 14.75 percent.
(3)

Deficits

The appropriate amounts of deficits are as follows:

  • Fiscal year 2030: -1.75 percent.
  • Fiscal year 2040: 0.25 percent.
  • Fiscal year 2050: 4.25 percent.
(4)

Debt held by the public

The appropriate levels of debt held by the public are as follows:

  • Fiscal year 2030: 64 percent.
  • Fiscal year 2040: 48 percent.
  • Fiscal year 2050: 10 percent.
III

Reserves and Contingencies

301.

Costs of the global war on terrorism

In the House, if any bill, joint resolution, amendment, or conference report makes appropriations for fiscal year 2012 for the global war on terrorism and other activities and such amounts are so designated pursuant to this paragraph, then the allocation to the House Committee on Appropriations and the discretionary spending limits set forth in section 401 may be adjusted by the amounts provided in such legislation for that purpose up to the amounts of budget authority specified in section 102(21) for fiscal year 2012 and the new outlays resulting therefrom.

302.

Effective date

Section 3(c) of House Resolution 5 (112th Congress) shall have force and effect through May 31, 2011.

303.

Reserve fund for health care reform

In the House, the chairman of the Committee on the Budget may revise the allocations, aggregates, and other appropriate levels in this resolution for the budgetary effects of any bill, joint resolution, amendment, or conference report that repeals the Patient Protection and Affordable Care Act or the Health Care and Education Reconciliation Act of 2010.

304.

Reserve fund for the sustainable growth rate of the Medicare program

In the House, the chairman of the Committee on the Budget may revise the allocations, aggregates, and other appropriate levels in this resolution for the budgetary effects of any bill, joint resolution, amendment, or conference report that includes provisions amending or superseding the system for updating payments under section 1848 of the Social Security Act, if such measure does not increase the deficit in the period of fiscal years 2012 through 2021.

305.

Reserve fund for deficit-neutral revenue measures

If any bill reported by the Committee on Ways and Means, or amendment thereto or conference report thereon, decreases revenue, the chair of the Committee on the Budget may adjust the allocations and aggregates of this concurrent resolution, if such measure would not increase the deficit over the period of fiscal years 2012 through 2021.

306.

Deficit-neutral reserve fund for rural counties and schools

In the House, the chairman of the Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other appropriate levels and limits in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that make changes to or provide for the reauthorization of the Secure Rural Schools and Community Self Determination Act of 2000 (Public Law 106–393) or make changes to the Payments in Lieu of Taxes Act of 1976 (Public Law 94–565), or both, by the amounts provided by that legislation for those purposes, provided that such legislation would not increase the deficit or direct spending over either the period of the total of fiscal years 2012 through 2021 or the period of the total of fiscal years 2012 through 2016, or for fiscal year 2012.

IV

Budget Enforcement

401.

Discretionary spending limits

(a)

Discretionary spending limits

Spending limits for total discretionary Federal spending are—

fiscal year 2012—

(1)

new budget authority, $1,019,402,000,000; and

(2)

outlays, $1,170,384,000,000;

fiscal year 2013—

(1)

new budget authority, $1,027,896,000,000; and

(2)

outlays, $1,113,298,000,000;

fiscal year 2014—

(1)

new budget authority, $1,038,537,000,000; and

(2)

outlays, $1,094,740,000,000;

fiscal year 2015—

(1)

new budget authority, $1,046,680,000,000; and

(2)

outlays, $1,089,081,000,000;

fiscal year 2016—

(1)

new budget authority, $1,055,779,000,000; and

(2)

outlays, $1,093,043,000,000;

fiscal year 2017—

(1)

new budget authority, $1,067,794,000,000; and

(2)

outlays, $1,098,357,000,000;

fiscal year 2018—

(1)

new budget authority, $1,085,259,000,000; and

(2)

outlays, $1,105,668,000,000;

fiscal year 2019—

(1)

new budget authority, $1,103,802,000,000; and

(2)

outlays, $1,126,521,000,000;

fiscal year 2020—

(1)

new budget authority, $1,122,611,000,000; and

(2)

outlays, $1,145,102,000,000; and

fiscal year 2021—

(1)

new budget authority, $1,141,640,000,000; and

(2)

outlays, $1,167,939,000,000.

(b)

Enforcement

In the House, it shall not be in order to consider any bill or joint resolution, or amendment thereto or conference report thereon, that causes discretionary budget authority to exceed any level set forth in subsection (a).

402.

Limitation on advance appropriations

(a)

In general

In the House, except as provided in subsection (b), any bill, joint resolution, an amendment thereto or conference report thereon, making a general appropriation or continuing appropriation may not provide for advance appropriations.

(b)

Exceptions

An advance appropriation may be provided for programs, projects, activities, or accounts referred to in subsection (c)(1) or identified in the report to accompany this resolution or the joint explanatory statement of managers to accompany this resolution under the heading Accounts Identified for Advance Appropriations.

(c)

Limitations

For fiscal year 2013, the aggregate amount of advance appropriation shall not exceed—

(1)

$52,541,000,000 for the following programs in the Department of Veterans Affairs—

(A)

Medical Services;

(B)

Medical Support and Compliance; and

(C)

Medical Facilities accounts of the Veterans Health Administration; and

(2)

$28,852,000,000 in new budget authority for all other programs.

(d)

Definition

In this section, the term advance appropriation means any new discretionary budget authority provided in a bill or joint resolution making general appropriations or any new discretionary budget authority provided in a bill or joint resolution making continuing appropriations for fiscal year 2013.

(e)

Adjustments

The chairman of the Committee on the Budget may adjust the list referred to in subsection (b) or the amount set forth in subsection (c)(2) to accommodate the enactment of general or continuing appropriation Acts for fiscal year 2011.

403.

Concepts and definitions

Upon the enactment of any bill or joint resolution providing for a change in budgetary concepts or definitions, the chairman of the Committee on the Budget may adjust any appropriate levels and allocations in this resolution accordingly.

404.

Adjustments of aggregates and allocations for legislation

(a)

Enforcement

For purposes of enforcing this resolution, the revenue levels shall be those set forth in the March 2011 Congressional Budget Office baseline. The total amount of adjustments made under subsection (b) may not cause revenue levels to be below the levels set forth in paragraph (1)(A) of section 101 for fiscal year 2012 and the period comprising fiscal years 2012 to 2021.

(b)

Adjustments

(1)

The chairman of the Committee on the Budget may adjust the allocations and aggregates of this concurrent resolution for—

(A)

the budgetary effects of measures extending the Economic Growth and Tax Relief Reconciliation Act of 2001;

(B)

the budgetary effects of measures extending the Jobs and Growth Tax Relief Reconciliation Act of 2003;

(C)

the budgetary effects of measures that adjust the Alternative Minimum Tax exemption amounts to prevent a larger number of taxpayers as compared with tax year 2008 from being subject to the Alternative Minimum Tax or of allowing the use of nonrefundable personal credits against the Alternative Minimum Tax, or both as applicable;

(D)

the budgetary effects of extending the estate, gift, and generation-skipping transfer tax provisions of title III of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010;

(E)

the budgetary effects of measures providing a 20 percent deduction in income to small businesses;

(F)

the budgetary effects of measures implementing trade agreements;

(G)

the budgetary effects of measures repealing the tax increases set forth in the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act of 2010;

(H)

the budgetary effects of measures reforming the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act of 2010; and

(I)

the budgetary effects of measures reforming the tax code and lowering tax rates.

(2)

A measure does not qualify for adjustments under paragraph (1)(H) if it—

(A)

increases the deficit over the period of fiscal years 2012 through 2021; or

(B)

increases revenues over the period of fiscal years 2012 through 2021, other than by—

(i)

repealing or modifying the individual mandate (codified as section 5000A of the Internal Revenue Code of 1986); or

(ii)

modifying the subsidies to purchase health insurance (codified as section 36B of the Internal Revenue Code of 1986).

(c)

Other adjustments

If a committee other than the Committee on Appropriations reports a bill or joint resolution, or an amendment thereto or a conference report thereon, providing for a decrease in direct spending (budget authority and outlays flowing therefrom) for any fiscal year and also provides for an authorization of appropriations for the same purpose, upon the enactment of such measure, the chairman of the Committee on the Budget may decrease the allocation to such committee and increase the allocation of discretionary spending (budget authority and outlays flowing therefrom) to the Committee on Appropriations for fiscal year 2012 and the applicable discretionary spending limits by an amount equal to the new budget authority (and the outlays flowing therefrom) provided for in a bill or joint resolution making appropriations for the same purpose.

405.

Limitation on long-term spending

(a)

In general

In the House, it shall not be in order to consider a bill or joint resolution reported by a committee (other than the Committee on Appropriations), or an amendment thereto or a conference report thereon, if the provisions of such measure have the net effect of increasing mandatory spending in excess of $5,000,000,000 for any period described in subsection (b).

(b)

Time periods

(1)

The applicable periods for purposes of this section are any of the first four consecutive 10-fiscal-year periods beginning with the first fiscal year following the last fiscal year for which the applicable concurrent resolution on the budget sets forth appropriate budgetary levels.

(2)

In this paragraph, the applicable concurrent resolution on the budget is the one most recently adopted before the date on which a committee first reported the bill or joint resolution described in paragraph (1).

406.

Budgetary treatment of certain transactions

(a)

In General

Notwithstanding section 302(a)(1) of the Congressional Budget Act of 1974, section 13301 of the Budget Enforcement Act of 1990, and section 4001 of the Omnibus Budget Reconciliation Act of 1989, the joint explanatory statement accompanying the conference report on any concurrent resolution on the budget shall include in its allocation under section 302(a) of the Congressional Budget Act of 1974 to the Committee on Appropriations amounts for the discretionary administrative expenses of the Social Security Administration and the United States Postal Service.

(b)

Special Rule

For purposes of applying section 302(f) of the Congressional Budget Act of 1974, estimates of the level of total new budget authority and total outlays provided by a measure shall include any off-budget discretionary amounts.

(c)

Adjustments

The chairman of the Committee on the Budget may adjust allocations and aggregates for legislation reported by the Committee on Oversight and Government Reform that reforms the Federal retirement system, but does not cause a net increase in the deficit for fiscal year 2012 and the period comprising fiscal years 2012 to 2021.

407.

Application and effect of changes in allocations and aggregates

(a)

Application

Any adjustments of allocations and aggregates made pursuant to this resolution shall—

(1)

apply while that measure is under consideration;

(2)

take effect upon the enactment of that measure; and

(3)

be published in the Congressional Record as soon as practicable.

(b)

Effect of Changed Allocations and Aggregates

Revised allocations and aggregates resulting from these adjustments shall be considered for the purposes of the Congressional Budget Act of 1974 as allocations and aggregates included in this resolution.

(c)

Budget Committee Determinations

For purposes of this resolution, the levels of new budget authority, outlays, direct spending, new entitlement authority, revenues, deficits, and surpluses for a fiscal year or period of fiscal years shall be determined on the basis of estimates made by the Committee on the Budget.

(d)

Exemptions

Any legislation for which the chairman of the Committee on the Budget makes adjustments in the allocations and aggregates of this concurrent resolution on the budget and complies with the Congressional Budget Act of 1974 shall not be subject to the points of order set forth in clause 10 of rule XXI of the Rules of the House of Representatives or section 405.

408.

Fair value estimates

(a)

Request for supplemental estimates

Upon the request of the chairman or ranking member of the Committee on the Budget, any estimate prepared for a measure under the terms of title V of the Congressional Budget Act of 1974, credit reform, as a supplement to such estimate of the Congressional Budget Office shall, to the extent practicable, also provide an estimate of the current actual or estimated market values representing the fair value of assets and liabilities affected by such measure.

(b)

Enforcement

If the Congressional Budget Office provides an estimate pursuant to subsection (a), the chairman of the Committee on the Budget may use such estimate to determine compliance with the Congressional Budget Act of 1974 and other budgetary enforcement controls.

409.

Exercise of rulemaking powers

(a)

In general

The House adopts the provisions of this title—

(1)

as an exercise of the rulemaking power of the House of Representatives and as such they shall be considered as part of the rules of the House, and these rules shall supersede other rules only to the extent that they are inconsistent with other such rules; and

(2)

with full recognition of the constitutional right of the House of Representatives to change those rules at any time, in the same manner, and to the same extent as in the case of any other rule of the House of Representatives.

(b)

Limitation on application

The following provisions of H. Res. 5 (112th Congress) shall no longer have force or effect:

(1)

Section 3(e) relating to advance appropriations.

(2)

Section 3(f) relating to the treatment of off-budget administrative expenses.

(3)

Section 3(g) relating to a long-term spending point of order.

V

Policy

501.

Policy Statement on Medicare

(a)

Findings

The House finds the following:

(1)

More than 46 million Americans depend on Medicare for their health security.

(2)

The Medicare Trustees report has repeatedly recommended that Medicare’s long-term financial challenges be addressed soon. Each year without reform, the financial condition of Medicare becomes more precarious and the threat to those in and near retirement becomes more pronounced. According to the Congressional Budget Office—

(A)

the Hospital Insurance Trust Fund will be exhausted in 2020 and unable to pay scheduled benefits; and

(B)

Medicare spending is growing faster than the economy. Medicare outlays are currently rising at a rate of 7.2 percent per year, and under CBO’s alternative fiscal scenario, mandatory spending on Medicare is projected to reach 7 percent of GDP by 2035 and 14 percent of GDP by 2080.

(3)

Failing to address this problem will leave millions of American seniors without adequate health security and younger generations burdened with enormous debt to pay for spending levels that cannot be sustained.

(b)

Policy on medicare reform

It is the policy of this resolution to protect those in and near retirement from any disruptions to their Medicare benefits and offer future beneficiaries the same health care options available to Members of Congress.

(c)

Assumptions

This resolution assumes reform of the Medicare program such that:

(1)

Current Medicare benefits are preserved for those in and near retirement, without changes.

(2)

For future generations, when they reach eligibility, Medicare is reformed to provide a premium support payment and a selection of guaranteed health coverage options from which recipients can choose a plan that best suits their needs.

(3)

Medicare will provide additional assistance for lower-income beneficiaries and those with greater health risks.

(4)

Medicare spending is put on a sustainable path and the Medicare program becomes solvent over the long-term.

502.

Policy Statement on Social Security

(a)

Findings

The House finds the following:

(1)

More than 50 million retirees and individuals with a disability depend on Social Security for a key part of their income. Since enactment, Social Security has served as a vital leg on the three-legged stool of retirement security, which includes employer provided pensions as well as personal savings.

(2)

The Social Security Trustees report has repeatedly recommended that Social Security’s long-term financial challenges be addressed soon. Each year without reform, the financial condition of Social Security becomes more precarious and the threat to seniors and those receiving Social Security disability benefits becomes more pronounced:

(A)

In 2018, the Federal Disability Insurance Trust Fund will be exhausted and will be unable to pay scheduled benefits.

(B)

In 2037, the combined Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund will be exhausted, and will be unable to pay scheduled benefits.

(C)

With the exhaustion of the Trust Funds in 2037, benefits will be cut 22 percent across the board, devastating those currently in or near retirement and those who rely on Social Security the most.

(3)

The current recession has exacerbated the crisis to Social Security. The most recent CBO projections find that Social Security has entered into permanent cash deficits.

(4)

Lower-income Americans rely on Social Security for a larger proportion of their retirement income. Therefore, reforms should take into consideration the need to protect lower-income Americans’ retirement security.

(5)

Americans deserve action by their elected officials on Social Security reform. It is critical that the Congress and the administration work together in a bipartisan fashion to address the looming insolvency of Social Security. In this spirit, this resolution creates a bipartisan opportunity to find solutions by requiring policymakers to ensure that Social Security remains a critical part fo the safety net.

(b)

Policy on Social Security

It is the policy of this resolution that Congress should work on a bipartisan basis to make Social Security permanently solvent. This resolution assumes reform of a current law trigger, such that—

(1)
(A)

if in any year the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund in its annual Trustees’ Report determines that the 75-year actuarial balance of the Social Security Trust Funds is in deficit, and the annual balance of the Social Security Trust Funds in the 75th year is in deficit, the Board of Trustees should, not later than September 30 of the same calendar year, submit to the President recommendations for statutory reforms necessary to achieve a positive 75-year actuarial balance and a positive annual balance in the 75th year; and

(B)

such recommendations provided to the President should be agreed upon by both Public Trustees of the Board of Trustees;

(2)
(A)

not later than December 1 of the same calendar year in which the Board of Trustees submits its recommendations, the President shall promptly submit implementing legislation to both Houses of Congress, including recommendations necessary to achieve a positive 75-year actuarial balance and a positive annual balance in the 75th year; and

(B)

the Majority Leader of the Senate and the Majority Leader of the House should introduce such legislation upon receipt;

(3)

within 60 days of the President submitting legislation, the committees of jurisdiction to which the legislation has been referred should report such legislation, which should be considered by the full House or Senate under expedited procedures; and

(4)

legislation submitted by the President should—

(A)

protect those in and near retirement;

(B)

preserve the safety net for those who rely on Social Security, including survivors and those with disabilities;

(C)

improve fairness for participants; and

(D)

reduce the burden on, and provide certainty for, future generations.

503.

Policy statement on budget enforcement

(a)

Findings

The House finds the following:

(1)

The President’s fiscal year 2012 budget requests a $13 trillion increase in the debt subject to limit over the period of years covered by the budget.

(2)

Under the President’s fiscal year 2012 budget, according to the Congressional Budget Office, debt held by the public will rise to 69 percent of gross domestic product in 2011 and will reach 87.4 percent of gross domestic product by 2021.

(3)

The Congressional Budget Office, the Federal Reserve, the General Accountability Office, the President’s National Commission on Fiscal Responsibility and Reform, and ten former Chairmen of the Council of Economic Advisors all concluded that debt is growing at unsustainable rates and must be brought under control.

(4)

Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, stated, Our national debt is our biggest national security threat..

(5)

According to the Congressional Budget Office, if entitlements are not reformed, entitlement spending on Social Security, Medicare, and Medicaid will exceed the historical average of revenue collections as a share of the economy within forty years.

(6)

According to the Congressional Budget Office, under current policies, debt would reach levels that the economy could no longer sustain in 2037 and a fiscal crisis is likely to occur well before that date.

(7)

To avoid a fiscal crisis, Congress must enact legislation that makes structural reforms to entitlement programs.

(8)

Instead of automatic debt increases (the Gephardt rule was repealed by the House in House Resolution 5) and automatic spending increases, Congress needs to put limits on spending with automatic reductions if spending limits are not met.

(9)

The adoption of a conference report on this concurrent resolution will not cause the automatic passage of an increase in the debt limit by the House of Representatives.

(10)

Changes in debt levels assumed in this resolution are contingent upon its proposed spending reductions being achieved.

(11)

From 1990 to 2002, there were statutory enforceable limits on discretionary spending.

(12)

The budget lacks controls over spending in the short-term and the long-term. Greater transparency and controls, particularly for entitlement spending in the long-term, are needed to provide Congress with tools to tackle this growing threat of a fiscal crisis.

(b)

Policy on debt controls

It is the policy of this concurrent resolution on the budget that in order to begin to bring debt under control the following statutory spending and debt controls are needed:

(1)

Enforceable statutory caps on discretionary spending at levels set forth in this fiscal year 2012 concurrent resolution on the budget for the period of fiscal years 2012 through 2021.

(2)

Any increase in the statutory debt limit be accompanied by the enactment of a budget enforcement mechanism to ensure that if spending reductions are not achieved there would be—

(A)

an across-the-board reduction in spending at the end of the year;

(B)

a fast-track process or failsafe mechanism to give Congress the ability to expedite consideration of legislation to reduce spending and avoid the automatic across-the-board spending reductions; and

(C)

an exemption of Social Security from these enforcement mechanisms, with Social Security solvency ensured as provide in section 502.

(3)

Limits on total spending with long-term structural reforms that—

(A)

require—

(i)

the Office of Management and Budget and the Congressional Budget Office to make long-term budget projections (similar to the timeframes of projections made by the Social Security and Medicare trustees);

(ii)

the inclusion of the estimated long-term fiscal impact of the President’s budget in the President’s annual budget submission;

(iii)

in the Congressional Budget Office’s reestimate of the President’s budget, an estimate of the long-term impact of the President’s budget; and

(iv)

in Congressional Budget Office estimates on legislation, an estimate of the long-term impact of legislation that has a significant impact on the long-term budget;

(B)

require enactment of enforceable caps on total spending as a share of gross domestic product as set forth in this resolution;

(C)

require the review by Congress of Congressional Budget Office projections relative to the statutory caps and enactment of legislation to reduce spending to meet those caps;

(D)

require enactment of an enforcement mechanism to ensure that if these spending reductions are not achieved, there would be an across-the-board reduction in spending at the end of the year;

(E)

require enactment of a fast-track process or failsafe mechanism to provide Congress with the ability to expedite consideration of legislation to reduce spending and avoid the automatic across-the-board spending reductions; and

(F)

exempt Social Security from these enforcement mechanisms, with Social Security solvency ensured as provided in section 501.

VI

Sense of the House provisions

601.

Sense of the House on a responsible deficit reduction plan must consider all programs, including those at the Pentagon and the other national security agencies

It is the sense of the House that the Nation’s debt is an immense security threat to our country, just as Admiral Mullen, Chairman of the Joint Chiefs of Staff, has stated; the Government Accountability Office has recently issued a report documenting billions of dollars of waste and duplication at Government agencies, including the Department of Defense, and the Department of Defense has never passed a clean audit; the bipartisan National Commission on Fiscal Responsibility and Reform and the bipartisan Rivlin-Domenici Debt Reduction Task Force were correct in concluding that all programs, including national security, should be on the table as part of a deficit reduction plan; and any budget plan serious about reducing the deficit must follow this precept to consider all programs, including national security programs, the largest segment of discretionary spending.

602.

Sense of the House regarding the importance of child support enforcement

It is the sense of the House that—

(1)

additional legislative action is needed to ensure that States have the necessary resources to collect all child support that is owed to families and allow them to pass 100 percent of support on to families without financial penalty; and

(2)

when 100 percent of child support payments are passed to the child, rather than administrative expenses, program integrity is improved and child support participation increases.

Passed the House of Representatives April 15, 2011.

Karen L. Haas,

Clerk

May 2, 2011

Received and referred to the Committee on the Budget; committee discharged pursuant to Section 300 of the Congressional Budget Act; placed on the calendar