Biennial Budgeting Act of 1995

Biennial Budgeting Act of 1995 - Amends the Congressional Budget Act of 1974 to revise the Federal and congressional budget processes by establishing a two-year budgeting and appropriations cycle and timetable. Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year.

Devotes the first session of any Congress to the budget resolution and to appropriations decisions, retaining current deadlines in most cases. Changes certain deadlines to conform to the biennial scheme. Devotes each second session to authorization activity, subject to specified deadlines.

Requires the Director of the Congressional Budget Office to issue four-year projections of congressional budget action. (Current projections are on a five-year basis.)

Amends provisions relating to the reconciliation process to: (1) increase from 20 to 100 hours the time of debate permitted in the Senate with respect to reconciliation measures; and (2) make it out of order in both the House and the Senate to consider any reconciliation legislation changing any provision of law other than one relating to new budget or spending authority, revenues, or the public debt limit.

Conforms provisions governing the President's budget to the biennial framework.

Amends the Rules of the House of Representatives to conform to the biennial framework.

Sets forth effective date provisions.