Sets forth the congressional budget for the federal government for FY2008, including the appropriate budgetary levels for FY2009-FY2012.
Lists recommended budgetary levels and amounts, for FY2008-FY2012, with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public.
Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY2008-FY2012.
Sets forth reconciliation instructions for the Committees on: (1) Agriculture; (2) Armed Services; (3) Education and Labor: (4) Energy and Commerce; (5) Financial Services; (6) Foreign Affairs; (7) the Judiciary; (8) Natural Resources; (9) Transportation and Infrastructure; and (10) Ways and Means.
Requires the House Budget Committee to report a reconciliation bill providing for mandatory spending reform.
Declares the policy in the resolution on: (1) taxation; (2) entitlement spending; and (3) the Bonneville Power Marketing Administration.
Prohibits House legislation that would require advance appropriations, except certain FY2009 or FY2010 programs, projects, activities, or accounts.
States that if legislation is reported that makes appropriations for FY2008 for contingency operations directly related to the global war on terrorism and other unanticipated defense-related operations, then the resulting new budget authority, new entitlement authority, outlays, or receipts shall not count for certain purposes of the Congressional Budget Act of 1974.
Provides for adjustments for tax legislation.
Repeals the Gephardt Rule (relating to mandatory adjustment of the statutory limit on the public debt to conform to a budget resolution).
Requires introduction of budget process reform legislation.
Requires the Treasury Department to study the impact of the current federal tort system on global competition and gross domestic product (GDP) growth.
Prescribes the budgetary treatment of the National Flood Insurance Program.
Provides for a nondefense reserve fund for emergencies.
Authorizes the President to propose the cancellation (line item veto) of any dollar amount of discretionary budget authority, item of direct spending, limited tariff benefit, or targeted tax benefit.
Expresses the sense of Congress on: (1) deferral authority; and (2) abuse of proposed cancellations.
Makes it out of order in the House of Representatives to consider any legislation unless: (1) the required list of congressional earmarks, limited tax and tariff benefits, and the name of the requesting Member is also set forth in the text of the measure; and (2) such list is made publicly available on the Internet in a searchable format at least 48 hours before a measure's consideration.
Makes it out of order to consider in the House or Senate any direct spending legislation, excluding the impact of any revenue provisions, increasing the on-budget deficit or causing an on-budget deficit for any one of specified applicable time periods.
Makes it out of order to consider in the House legislation that would cause the discretionary spending limits in this resolution to be exceeded.
Establishes specified discretionary spending limits in the House.
Expresses the sense of the House of Representatives on: (1) child support enforcement; (2) state veterans cemeteries; and (3) the Internal Revenue Code.
Expresses the sense of Congress on health insurance reform.
[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 109 Introduced in House (IH)]
110th CONGRESS
1st Session
H. CON. RES. 109
Establishing the congressional budget for the United States Government
for fiscal year 2008 and setting forth appropriate budgetary levels for
fiscal years 2009 through 2012.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 29, 2007
Mr. Ryan of Wisconsin submitted the following concurrent resolution;
which was referred to the Committee on the Budget
_______________________________________________________________________
CONCURRENT RESOLUTION
Establishing the congressional budget for the United States Government
for fiscal year 2008 and setting forth appropriate budgetary levels for
fiscal years 2009 through 2012.
Resolved by the House of Representatives (the Senate concurring),
SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2008.
(a) Declaration.--The Congress declares that the concurrent
resolution on the budget for fiscal year 2008 is hereby established and
that the appropriate budgetary levels for fiscal years 2009 through
2012 are set forth.
(b) Table of Contents.--
Sec. 1. Concurrent resolution on the budget for fiscal year 2008.
TITLE I--RECOMMENDED LEVELS AND AMOUNTS
Subtitle A--Recommended Levels and Amounts
Sec. 101. Recommended levels and amounts.
Subtitle B--Major Functional Categories
Sec. 111. Principle Federal activities.
Sec. 112. Domestic discretionary programs.
Sec. 113. Major domestic entitlements.
Sec. 114. Government and financial management.
TITLE II--RECONCILIATION
Sec. 201. Reconciliation in the House of Representatives.
TITLE III--POLICY STATEMENTS
Sec. 301. Policy of the United States Congress on taxation.
Sec. 302. Policy of the United States Congress on entitlement spending.
Sec. 303. Bonneville Power Marketing Administration.
TITLE IV--GENERAL BUDGET ENFORCEMENT
Sec. 401. Restrictions on advance appropriations.
Sec. 402. Contingency operations related to the global war on terrorism
and for unanticipated defense needs.
Sec. 403. Application and effect of changes in allocations and
aggregates.
Sec. 404. Adjustments to reflect changes in concepts and definitions.
Sec. 405. Compliance with section 13301 of the Budget Enforcement Act
of 1990.
Sec. 406. Exercise of rulemaking powers.
Sec. 407. Adjustments for tax legislation.
Sec. 408. Repeal of the Gephardt rule.
Sec. 409. Budget compliance statements.
Sec. 410. Cost estimates for conference reports and unreported
measures.
Sec. 411. Roll call votes for new spending.
Sec. 412. Budget process reform.
Sec. 413. Treasury Department study and report.
Sec. 414. Assistance by Federal agencies to standing committees of the
Senate and the House of Representatives.
Sec. 415. Budgetary treatment of the National Flood Insurance Program.
TITLE V--EMERGENCY RESERVE FUND
Sec. 501. Nondefense reserve fund for emergencies.
Sec. 502. Emergency criteria.
Sec. 503. Development of guidelines for application of emergency
definition.
Sec. 504. Committee notification of emergency legislation.
Sec. 505. Up-to-date tabulations.
TITLE VI--LEGISLATIVE LINE ITEM VETO AUTHORITY
Sec. 601. Presidential recommendations.
Sec. 602. Procedures in United States Congress.
Sec. 603. Identification of targeted tax benefits.
Sec. 604. Additional matters.
Sec. 605. Expiration.
Sec. 606. Sense of Congress on deferral authority.
Sec. 607. Sense of Congress on abuse of proposed cancellations.
TITLE VII--EARMARK TRANSPARENCY
Sec. 701. Prohibition on obligation of funds for earmarks included only
in congressional reports.
Sec. 702. Definitions.
TITLE VIII--PAY-AS-YOU-GO
Sec. 801. Pay-as-you-go point of order.
TITLE IX--DISCRETIONARY SPENDING LIMITS
Sec. 901. Discretionary spending limits in the House.
TITLE X--SENSES OF CONGRESS
Sec. 1001. Sense of the House regarding the importance of child support
enforcement.
Sec. 1002. Sense of the House on State veterans cemeteries.
Sec. 1003. Sense of Congress on health insurance reform.
Sec. 1004. Sense of the House on the Internal Revenue Code of 1986.
TITLE I--RECOMMENDED LEVELS AND AMOUNTS
Subtitle A--Recommended Levels and Amounts
SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.
The following budgetary levels are appropriate for each of fiscal
years 2008 through 2012:
(1) Federal revenues.--For purposes of the enforcement of
this resolution:
(A) The recommended levels of Federal revenues are
as follows:
Fiscal year 2008: $2,002,088,000,000.
Fiscal year 2009: $2,097,634,000,000.
Fiscal year 2010: $2,148,718,000,000.
Fiscal year 2011: $2,244,002,000,000.
Fiscal year 2012: $2,374,337,000,000.
(B) The amounts by which the aggregate levels of
Federal revenues should be decreased are as follows:
Fiscal year 2008: $48,912,000,000.
Fiscal year 2009: $9,366,000,000.
Fiscal year 2010: $15,282,000,000.
Fiscal year 2011: $150,998,000,000.
Fiscal year 2012: $222,663,000,000.
(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 2008: $2,452,253,000,000.
Fiscal year 2009: $2,432,323,000,000.
Fiscal year 2010: $2,464,843,000,000.
Fiscal year 2011: $2,575,993,000,000.
Fiscal year 2012: $2,613,919,000,000.
(3) Budget outlays.--For purposes of the enforcement of
this resolution, the appropriate levels of total budget outlays
are as follows:
Fiscal year 2008: $2,427,922,000,000.
Fiscal year 2009: $2,484,251,000,000.
Fiscal year 2010: $2,468,400,000,000.
Fiscal year 2011: $2,529,608,000,000.
Fiscal year 2012: $2,530,737,000,000.
(4) Deficits (on-budget).--For purposes of the enforcement
of this resolution, the amounts of the deficits (on-budget) are
as follows:
Fiscal year 2008: $425,834,000,000.
Fiscal year 2009: $386,617,000,000.
Fiscal year 2010: $319,682,000,000.
Fiscal year 2011: $285,609,000,000.
Fiscal year 2012: $156,400,000,000.
(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 2008: $9,476,349,000,000.
Fiscal year 2009: $9,979,952,000,000.
Fiscal year 2010: $10,418,522,000,000.
Fiscal year 2011: $10,820,002,000,000.
Fiscal year 2012: $11,105,786,000,000.
(6) Debt held by the public.--The appropriate levels of
debt held by the public are as follows:
Fiscal year 2008: $5,284,759,000,000.
Fiscal year 2009: $5,467,610,000,000.
Fiscal year 2010: $5,570,986,000,000.
Fiscal year 2011: $5,624,371,000,000.
Fiscal year 2012: $5,537,610,000,000.
Subtitle B--Major Functional Categories
SEC. 111. PRINCIPLE FEDERAL ACTIVITIES.
The Congress determines and declares that the appropriate levels of
new discretionary and mandatory budget authority and outlays for the
Federal Government's principle Federal activities for fiscal years 2008
through 2012 are as follows:
(1) National Defense (050):
Fiscal year 2008:
(A) New budget authority, $648,770,000,000.
(B) Outlays, $617,792,000,000.
Fiscal year 2009:
(A) New budget authority, $584,705,000,000.
(B) Outlays, $626,892,000,000.
Fiscal year 2010:
(A) New budget authority, $550,790,000,000.
(B) Outlays, $561,384,000,000.
Fiscal year 2011:
(A) New budget authority, $564,117,000,000.
(B) Outlays, $536,057,000,000.
Fiscal year 2012:
(A) New budget authority, $579,375,000,000.
(B) Outlays, $525,407,000,000.
(2) International Affairs (150):
Fiscal year 2008:
(A) New budget authority, $31,989,000,000.
(B) Outlays, $31,637,000,000.
Fiscal year 2009:
(A) New budget authority, $32,387,000,000.
(B) Outlays, $30,263,000,000.
Fiscal year 2010:
(A) New budget authority, $32,199,000,000.
(B) Outlays, $29,873,000,000.
Fiscal year 2011:
(A) New budget authority, $32,268,000,000.
(B) Outlays, $29,679,000,000.
Fiscal year 2012:
(A) New budget authority, $32,336,000,000.
(B) Outlays, $29,774,000,000.
(3) Veterans Benefits and Services (700):
Fiscal year 2008:
(A) New budget authority, $84,493,000,000.
(B) Outlays, $84,512,000,000.
Fiscal year 2009:
(A) New budget authority, $89,019,000,000.
(B) Outlays, $89,033,000,000.
Fiscal year 2010:
(A) New budget authority, $92,397,000,000.
(B) Outlays, $90,798,000,000.
Fiscal year 2011:
(A) New budget authority, $98,286,000,000.
(B) Outlays, $96,779,000,000.
Fiscal year 2012:
(A) New budget authority, $96,528,000,000.
(B) Outlays, $94,838,000,000.
(4) Administration of Justice (750):
Fiscal year 2008:
(A) New budget authority, $45,765,000,000.
(B) Outlays, $46,432,000,000.
Fiscal year 2009:
(A) New budget authority, $45,471,000,000.
(B) Outlays, $46,631,000,000.
Fiscal year 2010:
(A) New budget authority, $45,742,000,000.
(B) Outlays, $46,466,000,000.
Fiscal year 2011:
(A) New budget authority, $45,995,000,000.
(B) Outlays, $46,323,000,000.
Fiscal year 2012:
(A) New budget authority, $46,198,000,000.
(B) Outlays, $46,166,000,000.
SEC. 112. DOMESTIC DISCRETIONARY PROGRAMS.
(a) Declaration.--The Congress determines and declares that the
following levels are the appropriate totals of new discretionary budget
authority and outlays for federally supported domestic priorities for
fiscal years 2008 through 2012:
(1) New budget authority.--For purposes of this resolution,
the appropriate levels of new discretionary budget authority
for federally supported domestic priorities are as follows:
Fiscal year 2008: $292,800,000,000.
Fiscal year 2009: $295,564,000,000.
Fiscal year 2010: $293,278,000,000.
Fiscal year 2011: $293,002,000,000.
Fiscal year 2012: $293,302,000,000.
(2) Outlays.--For purposes of this resolution, the
appropriate levels of outlays for federally supported domestic
priorities are as follows:
Fiscal year 2008: $369,548,000,000.
Fiscal year 2009: $363,600,000,000.
Fiscal year 2010: $358,033,000,000.
Fiscal year 2011: $351,707,000,000.
Fiscal year 2012: $347,325,000,000.
(b) Subdivisions.--These aggregate amounts are to be subdivided by
the Committee on Appropriations.
SEC. 113. MAJOR DOMESTIC ENTITLEMENTS.
The Congress determines and declares that the following levels are
the appropriate totals of new mandatory budget authority and outlays
for the Federal Government's principle entitlement programs for fiscal
years 2008 through 2012:
(1) Medicare (570 mandatory):
Fiscal year 2008:
(A) New budget authority, $374,888,000,000.
(B) Outlays, $374,964,000,000.
Fiscal year 2009:
(A) New budget authority, $394,116,000,000.
(B) Outlays, $393,804,000,000.
Fiscal year 2010:
(A) New budget authority, $409,473,000,000.
(B) Outlays, $409,730,000,000.
Fiscal year 2011:
(A) New budget authority, $445,312,000,000.
(B) Outlays, $445,359,000,000.
Fiscal year 2012:
(A) New budget authority, $431,401,000,000.
(B) Outlays, $431,057,000,000.
(2) Medicaid (550 mandatory):
Fiscal year 2008:
(A) New budget authority, $223,389,000,000.
(B) Outlays, $223,837,000,000.
Fiscal year 2009:
(A) New budget authority, $235,128,000,000.
(B) Outlays, $236,849,000,000.
Fiscal year 2010:
(A) New budget authority, $249,592,000,000.
(B) Outlays, $249,840,000,000.
Fiscal year 2011:
(A) New budget authority, $264,095,000,000.
(B) Outlays, $265,040,000,000.
Fiscal year 2012:
(A) New budget authority, $279,920,000,000.
(B) Outlays, $281,389,000,000.
(3) Income Security (600 mandatory):
Fiscal year 2008:
(A) New budget authority, $327,076,000,000.
(B) Outlays, $325,432,000,000.
Fiscal year 2009:
(A) New budget authority, $333,545,000,000.
(B) Outlays, $329,632,000,000.
Fiscal year 2010:
(A) New budget authority, $341,943,000,000.
(B) Outlays, $338,354,000,000.
Fiscal year 2011:
(A) New budget authority, $355,686,000,000.
(B) Outlays, $352,150,000,000.
Fiscal year 2012:
(A) New budget authority, $354,709,000,000.
(B) Outlays, $351,228,000,000.
(4) Agriculture (350 mandatory):
Fiscal year 2008:
(A) New budget authority, $14,563,000,000.
(B) Outlays, $13,624,000,000.
Fiscal year 2009:
(A) New budget authority, $14,416,000,000.
(B) Outlays, $13,652,000,000.
Fiscal year 2010:
(A) New budget authority, $14,221,000,000.
(B) Outlays, $13,390,000,000.
Fiscal year 2011:
(A) New budget authority, $13,735,000,000.
(B) Outlays, $13,147,000,000.
Fiscal year 2012:
(A) New budget authority, $13,332,000,000.
(B) Outlays, $12,916,000,000.
(5) Student Loans (500 mandatory):
Fiscal year 2008:
(A) New budget authority, $8,008,000,000.
(B) Outlays, $5,251,000,000.
Fiscal year 2009:
(A) New budget authority, $10,664,000,000.
(B) Outlays, $9,120,000,000.
Fiscal year 2010:
(A) New budget authority, $11,592,000,000.
(B) Outlays, $9,761,000,000.
Fiscal year 2011:
(A) New budget authority, $10,526,000,000.
(B) Outlays, $9,897,000,000.
Fiscal year 2012:
(A) New budget authority, $10,186,000,000.
(B) Outlays, $8,590,000,000.
(6) All Other Domestic Entitlements (multiple functions):
Fiscal year 2008:
(A) New budget authority, $61,736,000,000.
(B) Outlays, -$3,339,000,000.
Fiscal year 2009:
(A) New budget authority, $52,175,000,000.
(B) Outlays, -$4,671,000,000.
Fiscal year 2010:
(A) New budget authority, $51,657,000,000.
(B) Outlays, -$4,917,000,000.
Fiscal year 2011:
(A) New budget authority, $51,215,000,000.
(B) Outlays, -$5,257,000,000.
Fiscal year 2012:
(A) New budget authority, $51,223,000,000.
(B) Outlays, -$4,504,000,000.
SEC. 114. GOVERNMENT AND FINANCIAL MANAGEMENT.
The Congress determines and declares that the following levels are
the appropriate totals of new and discretionary mandatory budget
authority and outlays for the Federal Government's operations and
financial management activities for fiscal years 2008 through 2012:
(1) General Government (800):
Fiscal year 2008:
(A) New budget authority, $17,873,000,000.
(B) Outlays, $18,353,000,000.
Fiscal year 2009:
(A) New budget authority, $17,844,000,000.
(B) Outlays, $18,013,000,000.
Fiscal year 2010:
(A) New budget authority, $20,270,000,000.
(B) Outlays, $20,262,000,000.
Fiscal year 2011:
(A) New budget authority, $17,801,000,000.
(B) Outlays, $17,649,000,000.
Fiscal year 2012:
(A) New budget authority, $18,264,000,000.
(B) Outlays, $18,230,000,000.
(2) Net Interest (900):
Fiscal year 2008:
(A) New budget authority, $370,521,000,000.
(B) Outlays, $370,421,000,000.
Fiscal year 2009:
(A) New budget authority, $388,836,000,000.
(B) Outlays, $387,436,000,000.
Fiscal year 2010:
(A) New budget authority, $410,258,000,000.
(B) Outlays, $405,258,000,000.
Fiscal year 2011:
(A) New budget authority, $431,411,000,000.
(B) Outlays, $421,411,000,000.
Fiscal year 2012:
(A) New budget authority, $450,561,000,000.
(B) Outlays, $434,561,000,000.
(3) Allowances (920):
Fiscal year 2008:
(A) New budget authority, $6,439,000,000.
(B) Outlays, $5,544,000,000.
Fiscal year 2009:
(A) New budget authority, -$11,795,000,000.
(B) Outlays, -$6,242,000,000.
Fiscal year 2010:
(A) New budget authority, -$5,709,000,000.
(B) Outlays, -$6,972,000,000.
Fiscal year 2011:
(A) New budget authority, -$150,000,000.
(B) Outlays, -$3,007,000,000.
Fiscal year 2012:
(A) New budget authority, $4,167,000,000.
(B) Outlays, $1,286,000,000.
(4) Offsetting Receipts (950):
Fiscal year 2008:
(A) New budget authority, -$71,009,000,000.
(B) Outlays, -$71,009,000,000.
Fiscal year 2009:
(A) New budget authority, -$66,578,000,000.
(B) Outlays, -$66,587,000,000.
Fiscal year 2010:
(A) New budget authority, -$71,869,000,000.
(B) Outlays, -$71,869,000,000.
Fiscal year 2011:
(A) New budget authority, -$69,623,000,000.
(B) Outlays, -$69,643,000,000.
Fiscal year 2012:
(A) New budget authority, -$72,789,000,000.
(B) Outlays, -$72,792,000,000.
TITLE II--RECONCILIATION
SEC. 201. RECONCILIATION IN THE HOUSE OF REPRESENTATIVES.
(a) Submission to Provide for the Reform of Mandatory Spending.--
(1) Not later than June 8, 2007, the House committees named in
paragraph (2) shall submit their recommendations to the House Committee
on the Budget. After receiving those recommendations, the House
Committee on the Budget shall report to the House a reconciliation bill
carrying out all such recommendations without substantive revision.
(2) Instructions.--
(A) Committee on agriculture.--The House Committee on
Agriculture shall report changes in laws within its
jurisdiction sufficient to reduce direct spending by
$452,000,000 for fiscal year 2008, $3,277,000,000 for fiscal
year 2012, and $9,849,000,000 for the period of fiscal years
2008 through 2012.
(B) Committee on armed services.--The House Committee on
Armed Services shall report changes in laws within its
jurisdiction sufficient to reduce direct spending by
$50,000,000 for fiscal year 2008, $100,000,000 for fiscal year
2012, and $410,000,000 for the period of fiscal years 2008
through 2012.
(C) Committee on education and labor.--The House Committee
on Education and Labor shall report changes in laws within its
jurisdiction sufficient to reduce direct spending by
$3,456,000,000 for fiscal year 2008, $400,000,000 for fiscal
year 2012, and $4,906,000,000 for the period of fiscal years
2008 through 2012.
(D) Committee on energy and commerce.--The House Committee
on Energy and Commerce shall report changes in laws within its
jurisdiction sufficient to reduce direct spending by
$8,344,000,000 or fiscal year 2008, $30,602,000,000 for fiscal
year 2012, and $97,359,000,000 for the period of fiscal years
2008 through 2012.
(E) Committee on financial services.--The House Committee
on Financial Services shall report changes in laws within its
jurisdiction sufficient to reduce direct spending by $0 for
fiscal year 2008, $140,000,000 for fiscal year 2012, and
$400,000,000 for the period of fiscal years 2008 through 2012.
(F) Committee on foreign affairs.--The House Committee on
Foreign Affairs shall report changes in laws within its
jurisdiction sufficient to reduce direct spending by
$20,000,000 for fiscal year 2008, $90,000,000 for fiscal year
2012, and $250,000,000 for the period of fiscal years 2008
through 2012.
(G) Committee on the judiciary.--The House Committee on the
Judiciary shall report changes in laws within its jurisdiction
sufficient to reduce direct spending by $265,000,000 for fiscal
year 2008, $1,010,000,000 for fiscal year 2012, and
$3,515,000,000 for the period of fiscal years 2008 through
2012.
(H) Committee on natural resources.--The House Committee on
Natural Resources shall report changes in laws within its
jurisdiction sufficient to reduce direct spending by
$1,507,000,000 for fiscal year 2008, $535,000,000 for fiscal
year 2012, and $4,647,000,000 for the period of fiscal years
2008 through 2012.
(I) Committee on transportation and infrastructure.--The
House Committee on Transportation and Infrastructure shall
report changes in laws within its jurisdiction sufficient to
reduce direct spending by $460,000,000 for fiscal year 2008,
$1,063,000,000 for fiscal year 2012, and $4,272,000,000 for the
period of fiscal years 2008 through 2012.
(J) Committee on ways and means.--The House Committee on
Ways and Means shall report changes in laws within its
jurisdiction sufficient to reduce direct spending by
$10,109,000,000 for fiscal year 2008, $41,543,000,000 for
fiscal year 2012, and $153,122,000,000 for the period of fiscal
years 2008 through 2012, sufficient to reduce revenues by not
more than $48,912,000,000 for fiscal year 2008 and by not more
than $447,221,000,000 for the period of fiscal years 2008
through 2012.
(b) Submission of Revised Allocations.--(1) Upon the submission to
the Committee on the Budget of the House of a recommendation that has
complied with its reconciliation instructions solely by virtue of
section 310(c) of the Congressional Budget Act of 1974, the chairman of
that committee may file with the House appropriately revised
allocations under section 302(a) of such Act and revised functional
levels and aggregates.
(2) Upon the submission to the House of a conference report
recommending a reconciliation bill or resolution in which a committee
has complied with its reconciliation instructions solely by virtue of
this section, the chairman of the Committee on the Budget of the House
may file with the House appropriately revised allocations under section
302(a) of such Act and revised functional levels and aggregates.
(3) Allocations and aggregates revised pursuant to this subsection
shall be considered to be allocations and aggregates established by the
concurrent resolution on the budget pursuant to section 301 of such
Act.
TITLE III--POLICY STATEMENTS
SEC. 301. POLICY OF THE UNITED STATES CONGRESS ON TAXATION.
The United States Congress reaffirms the statement of principle
that the Federal Government should not raise taxes on American families
or reverse the policies that have led to strong growth in the United
States economy, and instead should move towards balancing the budget by
reigning in the Federal Government's spending; it is further the policy
assumption underlying this resolution that the tax relief enacted in
2001 and 2003 should be continued.
SEC. 302. POLICY OF THE UNITED STATES CONGRESS ON ENTITLEMENT SPENDING.
(a) Findings.--
(1) Entitlement growth is unsustainable. Entitlements are
currently growing at 6 percent per year significantly faster
than our entire economy, and more than twice the rate of
inflation.
(2) Entitlements currently consume more than half of the
entire Federal budget. If simply left on ``auto-pilot''
(assuming no new entitlement spending or benefits):
(A) By 2040 social security, medicare, and medicaid
alone will consume 20 percent of our economy.
(B) By 2040 Americans will have to pay twice the
current rate of taxes.
(3) Entitlements must be reformed to survive with the
retirement of the baby boomers, the situation will only get
worse, making the necessary reforms more sudden and severe.
(4) Entitlements aren't all that's at risk. If left
unreformed, these programs will also impose a crushing burden
on both the budget and the economy. Our now strong economy,
which has created millions of jobs and been the key factor in
reducing the deficit. Entitlements will eventually crowd out
all other priorities such as education, veterans, science,
agriculture, environment, even defense and homeland security.
(5) The rising costs of government entitlements are a
``fiscal cancer'' that threaten ``catastrophic consequences for
our country'' and could ``bankrupt America'' said America's
chief accountant, U.S. Comptroller General David Walker.
(6) Without ``early and meaningful action'' to address the
rapid growth of entitlements, ``the U.S. economy could be
seriously weakened, with future generations bearing much of the
cost'' warned Fed Chairman Ben Bernanke.
(7) Spending is the problem. Massive Tax Hikes are Not the
Solution. Even if taxes are raised to balance the budget in the
short term, entitlements would quickly drive the Federal
Government back into deficit.
(8) The U.S. Comptroller General testified that the United
States Government ``cannot grow [its] way out of this problem;
eliminating earmarks will not solve the problem; wiping out
fraud, waste, and abuse will not solve the problem; ending the
war or cutting way back on defense will not solve the
problem''.
(9) The budget must drive entitlement reform. Entitlement
programs are well-intended, and provide a critical safety net
for millions of Americans, but their costs are out of control,
and growing worse every year typically without regular reform
or congressional oversight. Congress must use the budget
process to promote reforms that will make these programs
better, more efficient, and more sustainable for the long term.
(b) Policy on Entitlements.--It is the policy of this resolution
that Congress must immediately address the out-of-control growth of
entitlement spending that may do substantial harm to the United States
economy and hurt the standard of living of future generations.
Furthermore, Congress must also commit itself to consider during this
fiscal year fundamental reform packages to secure the long-term
solvency of medicare, medicaid and social security.
SEC. 303. BONNEVILLE POWER MARKETING ADMINISTRATION.
It is the policy of this resolution that it does not specifically
assume any savings from the President's proposal related to the
Bonneville Power Marketing Administrations and the Energy and Commerce
Committee will determine its own policies subject to the applicable
numerical allocation limits and reconciliation directives.
TITLE IV--GENERAL BUDGET ENFORCEMENT
SEC. 401. RESTRICTIONS ON ADVANCE APPROPRIATIONS.
(a) In General.--(1) In the House, except as provided in subsection
(b), an advance appropriation may not be reported in a bill or joint
resolution making a general appropriation or continuing appropriation,
and may not be in order as an amendment thereto.
(2) Managers on the part of the House may not agree to a Senate
amendment that would violate paragraph (1) unless specific authority to
agree to the amendment first is given by the House by a separate vote
with respect thereto.
(b) Advance Appropriation.--In the House, an advance appropriation
may be provided for the fiscal years 2009 and 2010 for programs,
projects, activities, or accounts identified in the joint explanatory
statement of managers accompanying this resolution under the heading
``Accounts Identified for Advance Appropriations'' in an aggregate
amount not to exceed $23,565,000,000 in new budget authority in each
year.
(c) Definition.--In this section, the term ``advance
appropriation'' means any new budget authority provided in a bill or
joint resolution making general appropriations or any new budget
authority provided in a bill or joint resolution making continuing
appropriations for fiscal year 2008 that first becomes available for
any fiscal year after 2008.
SEC. 402. CONTINGENCY OPERATIONS RELATED TO THE GLOBAL WAR ON TERRORISM
AND FOR UNANTICIPATED DEFENSE NEEDS.
(a) Exemption of Contingency Operations Related to the Global War
on Terrorism and for Unanticipated Defense Needs.--In the House, if any
bill or joint resolution is reported, or an amendment is offered
thereto or a conference report is filed thereon, that makes
appropriations for fiscal year 2008 for contingency operations directly
related to the global war on terrorism, and other unanticipated
defense-related operations, then the new budget authority, new
entitlement authority, outlays, or receipts resulting therefrom shall
not count for purposes of titles III or IV of the Congressional Budget
Act of 1974.
(b) Current Level.--Amounts included in this resolution for the
purpose set forth in this section shall be considered to be current law
for purposes of the preparation of the current level of budget
authority and outlays and the appropriate levels shall be adjusted upon
the enactment of such bill.
SEC. 403. 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 contained in this resolution.
(c) Budget Committee Determinations.--For purposes of this
resolution--
(1) 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 appropriate
Committee on the Budget; and
(2) such chairman may make any other necessary adjustments
to such levels to reflect the timing of responses to
reconciliation directives pursuant to section 201 of this
resolution.
SEC. 404. ADJUSTMENTS TO REFLECT CHANGES IN CONCEPTS AND DEFINITIONS.
Upon the enactment of a bill or joint resolution providing for a
change in concepts or definitions, the appropriate chairman of the
Committee on the Budget shall make adjustments to the levels and
allocations in this resolution in accordance with section 251(b) of the
Balanced Budget and Emergency Deficit Control Act of 1985 (as in effect
prior to September 30, 2002).
SEC. 405. COMPLIANCE WITH SECTION 13301 OF THE BUDGET ENFORCEMENT ACT
OF 1990.
(a) In General.--In the House and the Senate, notwithstanding
section 302(a)(1) of the Congressional Budget Act of 1974 and section
13301 of the Budget Enforcement Act of 1990, 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.
(b) Special Rule.--In the House, 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 discretionary amounts provided for the Social
Security Administration.
SEC. 406. EXERCISE OF RULEMAKING POWERS.
Congress adopts the provisions of this title--
(1) as an exercise of the rulemaking power of the Senate
and the House, respectively, and as such they shall be
considered as part of the rules of each House, or of that House
to which they specifically apply, and such rules shall
supersede other rules only to the extent that they are
inconsistent therewith; and
(2) with full recognition of the constitutional right of
either House to change those rules (so far as they relate to
that House) at any time, in the same manner, and to the same
extent as in the case of any other rule of that House.
SEC. 407. ADJUSTMENTS FOR TAX LEGISLATION.
In the House, if the Committee on Ways and Means reports a bill or
joint resolution, or an amendment is offered thereto or a conference
report is submitted thereon, that amends the Internal Revenue Code of
1986 by extending the expiration dates for Federal tax policies that
expired during fiscal year 2008 or that expire during the period of
fiscal years 2008 through 2012, then the chairman of the Committee on
the Budget may make appropriate adjustments in the allocations and
aggregates of budget authority, outlays, and revenue set forth in this
resolution to reflect the budgetary effects of such legislation, but
only to the extent the adjustments would not cause the level of revenue
to be less than the level of revenue provided for in this resolution
for the period of fiscal years 2008 through 2012 and would not cause
the deficit to exceed the appropriate level of deficits provided for in
this resolution for the period of fiscal years 2008 through 2012.
SEC. 408. REPEAL OF THE GEPHARDT RULE.
With respect to the adoption by the Congress of a concurrent
resolution on the budget for fiscal year 2008, the clerk of the House
shall not prepare an engrossment of a joint resolution increasing or
decreasing, as the case may be, the statutory limit on the public debt.
SEC. 409. BUDGET COMPLIANCE STATEMENTS.
Each report of a committee on a public bill or public joint
resolution shall contain a budget compliance statement prepared by the
chairman of the Committee on the Budget, if timely submitted prior to
the filing of the report, which shall include assessment by such
chairman as to whether the bill or joint resolution complies with the
requirements of sections 302, 303, 306, 311, and 401 of the
Congressional Budget Act of 1974.
SEC. 410. COST ESTIMATES FOR CONFERENCE REPORTS AND UNREPORTED
MEASURES.
It shall not be in order to consider a conference report or an
unreported bill or joint resolution unless an estimate of costs as
described in clause 3(d)(2) of Rule XIII has been printed in the
Congressional Record at least one day before its consideration.
SEC. 411. ROLL CALL VOTES FOR NEW SPENDING.
The yeas and nays shall be considered as ordered when the Speaker
puts the question on passage of a bill or joint resolution, or on
adoption of a conference report, for which the chairman of the Budget
Committee has advised the Speaker that such bill, joint resolution or
conference report authorizes or provides new budget authority of not
less than $50,000,000. The Speaker may not entertain a unanimous
consent request or motion to suspend this section.
SEC. 412. BUDGET PROCESS REFORM.
Before September 30, 2007, the chairman or ranking minority member
of the Committee on the Budget of the House of Representatives shall
introduce, and the committee shall conduct hearings on, budget reform
legislation that includes the following provisions:
(1) Statutory discretionary spending limits.
(2) Provisions to slow the growth of entitlement spending
by requiring offsets for new benefits, and examining programs
with annual increases higher than the rate of inflation.
(3) Presidential legislative line item veto authority that
preserves Congress' constitutional power of the purse by
requiring an expedited up or down vote on the President's
proposals.
(4) Enforcement tools that restrict the definition of
``emergency'' so that emergency supplemental appropriation
bills include only needs that are sudden, urgent, unforeseen,
unpredictable, unanticipated, and temporary in nature.
(5) Accrual accounting of the Government's long-term
obligations.
(6) Periodic reporting from the Government Accountability
Office that examine the causes of long-term deficits and
present options to reduce these deficits.
(7) Annual audit summaries from the Federal Accounting
Standards Advisory Board for all departments of the Government
that represent more than 20 percent of discretionary spending,
with recommendations on how to improve the quality of financial
information available to Congress.
SEC. 413. TREASURY DEPARTMENT STUDY AND REPORT.
(a) Request.--Not later than June 1, 2007, the chairman or ranking
member of the Committee on the Budget of the House of Representatives
shall submit a request to the Secretary of the Treasury for a study of
the impact of the current United States tort system on global
competition and gross domestic product (GDP) growth.
(b) Submission of Study.--The results of the study described in
subsection (a) shall be submitted by the Secretary of the Treasury to
the Committee on the Budget of the House of Representatives not later
than September 30, 2007.
SEC. 414. ASSISTANCE BY FEDERAL AGENCIES TO STANDING COMMITTEES OF THE
SENATE AND THE HOUSE OF REPRESENTATIVES.
(a) Information Regarding Agency Appropriations Requests.--To
assist each standing committee of the House of Representatives and the
Senate in carrying out its responsibilities, the chairman of each
authorizing committee of the House and Senate shall request the head of
each Federal agency which administers the laws or parts of laws under
the jurisdiction of such committee, to provide to such committee such
studies, information, analyses, reports, and assistance.
(b) Information Regarding Agency Program Administration.--To assist
each standing committee of the House of Representatives and the Senate
in carrying out its responsibilities, the chairman of each authorizing
committee of the House and Senate shall request of the head of any
agency under his committee's jurisdiction, to furnish to such committee
documentation, containing information received, compiled, or maintained
by the agency as part of the operation or administration of a program,
or specifically compiled pursuant to a request in support of a review
of a program, as may be requested by the chairman and ranking minority
member of such committee.
(c) Summaries by Comptroller General.--Within thirty days after the
receipt of a request from a chairman and ranking minority member of a
standing committee having jurisdiction over a program being reviewed
and studied by such committee under this section, the Comptroller
General of the United States shall furnish to such committee summaries
of any audits or reviews of such program which the Comptroller General
has completed during the preceding six years.
(d) Congressional Assistance.--Consistent with their duties and
functions under law, the Comptroller General of the United States, the
Director of the Congressional Budget Office, and the Director of the
Congressional Research Service shall continue to furnish (consistent
with established protocols) to each standing committee of the House of
Representatives or the Senate such information, studies, analyses, and
reports as the chairman and ranking minority member may request to
assist the committee in conducting reviews and studies of programs
under this section.
SEC. 415. BUDGETARY TREATMENT OF THE NATIONAL FLOOD INSURANCE PROGRAM.
(a) Treatment.--For purposes of the allocations and aggregates in
this resolution, the reconciliation directives established by this
resolution, and for any other purpose under titles III and IV of the
Congressional Budget Act of 1974, the budgetary effects of any bill or
joint resolution, amendment thereto, or conference report thereon, or
any recommendations submitted pursuant to section 201 that includes the
reforms set forth in subsection (b) shall be scored without regard to
the obligations resulting from the enactment of Public Law 109-208.
Such estimate shall assume the liquidating of the National Flood
Insurance Fund's remaining contractual obligations resulting from
claims made as a result of floods that occurred in 2005.
(b) Legislation.--The legislation referred to in subsection (a)
shall--
(1) establish more actuarially sound rates on policies
issued by the National Flood Insurance Program; and
(2) end flood insurance subsidies on pre-FIRM structures
not used as primary residences.
TITLE V--EMERGENCY RESERVE FUND
SEC. 501. NONDEFENSE RESERVE FUND FOR EMERGENCIES.
(a) Nondefense Set Aside.--
(1) Discretionary set aside fund.--In the House and except
as provided by subsection (b), if a bill or joint resolution is
reported, or an amendment is offered thereto (or considered as
adopted) or a conference report is filed thereon, that provides
new discretionary budget authority (and outlays flowing
therefrom), and such provision is designated as an emergency
pursuant to this section, the chairman of the Committee on the
Budget shall make adjustments to the allocations and aggregates
set forth in this resolution up to the amount of such
provisions if the requirements set forth in section 504 are
met, but the sum of all adjustments made under this paragraph
shall not exceed $6,450,000,000 for fiscal year 2008.
(2) Other adjustments.--In the House, if a bill or joint
resolution is reported or a conference report is filed thereon,
and a direct spending or receipt provision included therein is
designated as an emergency pursuant to this paragraph, the
chairman of the Committee on the Budget may make adjustments to
the allocations and aggregates set forth in this resolution.
(b) Additional Adjustment Procedures.--In the House, before any
adjustment is made pursuant to this section for any bill, joint
resolution, or conference report that designates a provision an
emergency, the enactment of which would cause the total amount of the
set aside fund set forth in subsection (a)(1) for fiscal year 2008 to
be exceeded:
(1) The chairman of the Committee on the Budget shall
convene a meeting of that committee, where it shall be in
order, subject to the terms set forth in this section, for one
motion described in paragraph (2) to be made to authorize the
chairman to make adjustments above the maximum amount of
adjustments set forth in subsection (a). If the Chairman does
not call such a meeting within 24 hours of a committee
reporting such a measure, any member of the Committee may call
such a meeting.
(2) The motion referred to in paragraph (1) shall be in the
following form: ``I move that the chairman of the Committee on
the Budget be authorized to adjust the allocations and
aggregates set forth in the concurrent resolution on the budget
for fiscal year 2008 by the following amount: $_____ for fiscal
year 2008.'', with the blank being filled in with amount
determined by the chairman of the Committee on the Budget. For
any measure referred to in subsection (a)(1), such amount shall
not exceed the total amount for fiscal year 2008 designated as
an emergency in excess of the applicable amount remaining in
the set aside fund.
(3) The motion set forth in paragraph (2) shall be open for
debate and amendment, but any amendment offered thereto is only
in order if limited to changing an amount in the motion.
(4) Except as provided by paragraph (5), the chairman of
the Committee on the Budget may not make any adjustments under
subsection (a) or subsection (b) unless or until the committee
filing a report or joint statement of managers on a conference
report on a measure including an emergency designation fulfills
the terms set forth in section 504.
(5) The chairman of the Committee on the Budget shall make
any adjustments he deems necessary under this section if he
determines the enactment of the provision or provisions
designated as an emergency is essential to respond to an urgent
and imminent need, the chairman determines the exceptional
circumstances referred to in rule 3 of the rules of the
committee are met and the committee cannot convene to consider
the motion referred to in this section in a timely fashion.
(c) Application of Adjustments.--The adjustments made pursuant to
subsection (a) or (b) shall--
(1) apply while that bill, joint resolution, conference
report or amendment is under consideration;
(2) take effect upon the enactment of that legislation; and
(3) be published in the Congressional Record as soon as
practicable.
SEC. 502. EMERGENCY CRITERIA.
As used in this title:
(1) The term ``emergency'' means a situation that--
(A) requires new budget authority and outlays (or
new budget authority and the outlays flowing therefrom)
for the prevention or mitigation of, or response to,
loss of life or property, or a threat to national
security; and
(B) is unanticipated.
(2) The term ``unanticipated'' means that the underlying
situation is--
(A) sudden, which means quickly coming into being
or not building up over time;
(B) urgent, which means a pressing and compelling
need requiring immediate action;
(C) unforeseen, which means not predicted or
anticipated as an emerging need; and
(D) temporary, which means not of a permanent
duration.
SEC. 503. DEVELOPMENT OF GUIDELINES FOR APPLICATION OF EMERGENCY
DEFINITION.
In the House, as soon as practicable after the adoption of this
resolution, the chairman of the Committee on the Budget shall, after
consultation with the chairmen of the applicable committees, the
Ranking Member of the Committee on the Budget, and the Director of the
Congressional Budget Office, prepare additional guidelines for
application of the definition of an emergency and shall issue a
committee print from the Committee on the Budget for this purpose.
SEC. 504. COMMITTEE NOTIFICATION OF EMERGENCY LEGISLATION.
(a) Committee Notification.--Whenever a committee of the House
(including a committee of conference) reports any bill or joint
resolution that includes a provision designated as an emergency
pursuant to this title, the report accompanying that bill or joint
resolution (or the joint explanatory statement of managers in the case
of a conference report on any such bill or joint resolution) shall
identify all provisions that provide amounts designated as an emergency
and shall provide an explanation of the manner in which the provision
meets the criteria set forth in section 502.
(b) Congressional Record.--If such a measure is to be considered by
the House without being reported by the committee of jurisdiction, then
the committee shall cause the explanation to be published in the
Congressional Record as soon as practicable.
SEC. 505. UP-TO-DATE TABULATIONS.
The Committee on the Budget of the House shall publish in the
Congressional Record up-to-date tabulations of amounts remaining in the
set aside fund set forth in section 501, or authorized in excess
thereof, as soon as practicable after the enactment of such amounts
designated as emergencies.
TITLE VI--LEGISLATIVE LINE ITEM VETO AUTHORITY
SEC. 601. PRESIDENTIAL RECOMMENDATIONS.
(a) Proposed Cancellations.--If, within 45 calendar days after the
enactment of any bill or joint resolution providing any discretionary
budget authority, item of direct spending, limited tariff benefit, or
targeted tax benefit, the President proposes, in the manner provided in
subsection (b), the cancellation of any dollar amount of such
discretionary budget authority, item of direct spending, or targeted
tax benefit, such recommendation shall be introduced as a freestanding
measure consistent with the terms of this title and shall be eligible
for the expedited procedures set forth herein. If the 45 calendar-day
period expires during a period where either House of Congress stands
adjourned sine die at the end of a Congress or for a period greater
than 45 calendar days, the President may propose a cancellation under
this section and transmit a special message under subsection (b) on the
first calendar day of session following such a period of adjournment.
(b) Transmittal of Special Message.--
(1) Special message.--
(A) Contents of special message.--Each special
message shall specify, with respect to the
discretionary budget authority, items of direct
spending proposed, limited tariff benefits, or targeted
tax benefits to be canceled--
(i) the dollar amount of discretionary
budget authority, the specific item of direct
spending (that OMB, after consultation with
CBO, estimates to increase budget authority or
outlays as required by section 1017(9)), the
limited tariff benefit, or the targeted tax
benefit that the President proposes be
canceled;
(ii) any account, department, or
establishment of the Government to which such
discretionary budget authority is available for
obligation, and the specific project or
governmental functions involved;
(iii) the reasons why such discretionary
budget authority, item of direct spending,
limited tariff benefit, or targeted tax benefit
should be canceled;
(iv) to the maximum extent practicable, the
estimated fiscal, economic, and budgetary
effect (including the effect on outlays and
receipts in each fiscal year) of the proposed
cancellation;
(v) to the maximum extent practicable, all
facts, circumstances, and considerations
relating to or bearing upon the proposed
cancellation and the decision to propose the
cancellation, and the estimated effect of the
proposed cancellation upon the objects,
purposes, or programs for which the
discretionary budget authority, item of direct
spending, limited tariff benefit, or the
targeted tax benefit is provided;
(vi) a numbered list of cancellations to be
included in an approval bill that, if enacted,
would cancel discretionary budget authority,
items of direct spending, limited tariff
benefit, or targeted tax benefits proposed in
that special message; and
(vii) if the special message is transmitted
subsequent to or at the same time as another
special message, a detailed explanation why the
proposed cancellations are not substantially
similar to any other proposed cancellation in
such other message.
(B) Duplicative proposals prohibited.--The
President may not propose to cancel the same or
substantially similar discretionary budget authority,
item of direct spending, limited tariff benefit, or
targeted tax benefit more than one time under this Act.
(C) Maximum number of special messages.--The
President may not transmit to the Congress more than 5
special messages under this subsection related to any
bill or joint resolution described in subsection (a),
but may transmit not more than 10 special messages for
any omnibus budget reconciliation or appropriation
measure.
(2) Enactment of approval bill.--
(A) Deficit reduction.--Amounts of budget
authority, items of direct spending, limited tariff
benefit, or targeted tax benefits which are canceled
pursuant to enactment of a bill as provided under this
section shall be dedicated only to reducing the deficit
or increasing the surplus.
(B) Adjustment of levels in the concurrent
resolution on the budget.--Not later than 5 days after
the date of enactment of an approval bill as provided
under this section, the chairs of the Committees on the
Budget of the Senate and the House of Representatives
shall revise allocations and aggregates and other
appropriate levels under the appropriate concurrent
resolution on the budget to reflect the cancellation,
and the applicable committees shall report revised
suballocations pursuant to section 302(b), as
appropriate.
(C) Trust funds and special funds.--Notwithstanding
subparagraph (A), nothing in this title shall be
construed to require or allow the deposit of amounts
derived from a trust fund or special fund which are
canceled pursuant to enactment of a bill as provided
under this section to any other fund.
SEC. 602. PROCEDURES IN UNITED STATES CONGRESS.
(a) Expedited Consideration.--
(1) In general.--The majority leader or minority leader of
each House or his designee shall (by request) introduce an
approval bill as defined in section 1017 not later than the
third day of session of that House after the date of receipt of
a special message transmitted to the Congress under section
1011(b). If the bill is not introduced as provided in the
preceding sentence in either House, then, on the fourth day of
session of that House after the date of receipt of the special
message, any Member of that House may introduce the bill.
(2) Consideration in the house of representatives.--
(A) Referral and reporting.--Any committee of the
House of Representatives to which an approval bill is
referred shall report it to the House without amendment
not later than the seventh legislative day after the
date of its introduction. If a committee fails to
report the bill within that period or the House has
adopted a concurrent resolution providing for
adjournment sine die at the end of a Congress, such
committee shall be automatically discharged from
further consideration of the bill and it shall be
placed on the appropriate calendar.
(B) Proceeding to consideration.--After an approval
bill is reported by or discharged from committee or the
House has adopted a concurrent resolution providing for
adjournment sine die at the end of a Congress, it shall
be in order to move to proceed to consider the approval
bill in the House. Such a motion shall be in order only
at a time designated by the Speaker in the legislative
schedule within two legislative days after the day on
which the proponent announces his intention to offer
the motion. Such a motion shall not be in order after
the House has disposed of a motion to proceed with
respect to that special message. The previous question
shall be considered as ordered on the motion to its
adoption without intervening motion. A motion to
reconsider the vote by which the motion is disposed of
shall not be in order.
(C) Consideration.--The approval bill shall be
considered as read. All points of order against an
approval bill and against its consideration are waived.
The previous question shall be considered as ordered on
an approval bill to its passage without intervening
motion except five hours of debate equally divided and
controlled by the proponent and an opponent and one
motion to limit debate on the bill. A motion to
reconsider the vote on passage of the bill shall not be
in order.
(D) Senate bill.--An approval bill received from
the Senate shall not be referred to committee.
(3) Consideration in the senate.--
(A) Motion to proceed to consideration.--A motion
to proceed to the consideration of a bill under this
subsection in the Senate shall not be debatable. It
shall not be in order to move to reconsider the vote by
which the motion to proceed is agreed to or disagreed
to.
(B) Limits on debate.--Debate in the Senate on a
bill under this subsection, and all debatable motions
and appeals in connection therewith (including debate
pursuant to subparagraph (D)), shall not exceed 10
hours, equally divided and controlled in the usual
form.
(C) Appeals.--Debate in the Senate on any debatable
motion or appeal in connection with a bill under this
subsection shall be limited to not more than 1 hour, to
be equally divided and controlled in the usual form.
(D) Motion to limit debate.--A motion in the Senate
to further limit debate on a bill under this subsection
is not debatable.
(E) Motion to recommit.--A motion to recommit a
bill under this subsection is not in order.
(F) Consideration of the house bill.--
(i) In general.--If the Senate has received
the House companion bill to the bill introduced
in the Senate prior to the vote required under
paragraph (1)(C), then the Senate may consider,
and the vote under paragraph (1)(C) may occur
on, the House companion bill.
(ii) Procedures after vote on senate
bill.--If the Senate votes, pursuant to
paragraph (1)(C), on the bill introduced in the
Senate, then immediately following that vote,
or upon receipt of the House companion bill,
the House bill shall be deemed to be
considered, read the third time, and the vote
on passage of the Senate bill shall be
considered to be the vote on the bill received
from the House.
(b) Amendments Prohibited.--No amendment to, or motion to strike a
provision from, a bill considered under this section shall be in order
in either the Senate or the House of Representatives.
SEC. 603. IDENTIFICATION OF TARGETED TAX BENEFITS.
(a) Statement.--The chairman of the Committee on Ways and Means of
the House of Representatives and the chairman of the Committee on
Finance of the Senate acting jointly (hereafter in this subsection
referred to as ``the chairmen'' shall review any revenue or
reconciliation bill or joint resolution which includes any amendment to
the Internal Revenue Code of 1986 that is being prepared for filing by
a committee of conference of the two Houses, and shall identify whether
such bill or joint resolution contains any targeted tax benefits. The
chairmen shall provide to the committee of conference a statement
identifying any such targeted tax benefits or declaring that the bill
or joint resolution does not contain any targeted tax benefits. Any
such statement shall be made available to any Member of Congress by the
chairmen immediately upon request.
(b) Statement Included in Legislation.--
(1) In general.--Notwithstanding any other rule of the
House of Representatives or any rule or precedent of the
Senate, any revenue or reconciliation bill or joint resolution
which includes any amendment to the Internal Revenue Code of
1986 reported by a committee of conference of the two Houses
may include, as a separate section of such bill or joint
resolution, the information contained in the statement of the
chairmen, but only in the manner set forth in paragraph (2).
(2) Applicability.--The separate section permitted under
subparagraph (A) shall read as follows: ``Section 1021 of the
Congressional Budget and Impoundment Control Act of 1974 shall
______ apply to ______,______,000,000'', with the blank spaces
being filled in with--
(A) in any case in which the chairmen identify
targeted tax benefits in the statement required under
subsection (a), the word ``only'' in the first blank
space and a list of all of the specific provisions of
the bill or joint resolution in the second blank space;
or
(B) in any case in which the chairmen declare that
there are no targeted tax benefits in the statement
required under subsection (a), the word ``not'' in the
first blank space and the phrase ``any provision of
this Act'' in the second blank space.
(c) Identification in Revenue Estimate.--With respect to any
revenue or reconciliation bill or joint resolution with respect to
which the chairmen provide a statement under subsection (a), the Joint
Committee on Taxation shall--
(1) in the case of a statement described in subsection
(b)(2)(A), list the targeted tax benefits in any revenue
estimate prepared by the Joint Committee on Taxation for any
conference report which accompanies such bill or joint
resolution, or
(2) in the case of a statement described in section
13(b)(2)(B), indicate in such revenue estimate that no
provision in such bill or joint resolution has been identified
as a targeted tax benefit.
(d) President's Authority.--If any revenue or reconciliation bill
or joint resolution is signed into law--
(1) with a separate section described in subsection (b)(2),
then the President may use the authority granted in this
section only with respect to any targeted tax benefit in that
law, if any, identified in such separate section; or
(2) without a separate section described in subsection
(b)(2), then the President may use the authority granted in
this section with respect to any targeted tax benefit in that
law.
SEC. 604. ADDITIONAL MATTERS.
(a) Definitions.--
(1) Appropriation law.--The term ``appropriation law''
means an Act referred to in section 105 of title I, United
States Code, including any general or special appropriation
Act, or any Act making supplemental, deficiency, or continuing
appropriations, that has been signed into law pursuant to
Article I, section 7, of the Constitution of the United States.
(2) Approval bill.--The term ``approval bill'' means a bill
or joint resolution which only approves proposed cancellations
of dollar amounts of discretionary budget authority, items of
new direct spending, limited tariff benefits, or targeted tax
benefits in a special message transmitted by the President
under this part and--
(A) the title of which is as follows: ``A bill
approving the proposed cancellations transmitted by the
President on ____'', the blank space being filled in
with the date of transmission of the relevant special
message and the public law number to which the message
relates;
(B) which does not have a preamble; and
(C) which provides only the following after the
enacting clause: That the Congress approves of proposed
cancellations ____, the blank space being filled in
with a list of the cancellations contained in the
President's special message, as transmitted by the
President in a special message on ____, the blank space
being filled in with the appropriate date, regarding
____, the blank space being filled in with the Public
Law number to which the special message relates;
(D) which only includes proposed cancellations that
are estimated by CBO to meet the definition of
discretionary budgetary authority or items of direct
spending, or limited tariff benefits, or that are
identified as targeted tax benefits pursuant to section
1014;
(E) if any proposed cancellation other than
discretionary budget authority or targeted tax benefits
is estimated by CBO to not meet the definition of item
of direct spending, then the approval bill shall
include at the end: The President shall cease the
suspension of the implementation of the following under
section 1013 of the Legislative Line Item Veto Act of
2006: ____, the blank space being filled in with the
list of such proposed cancellations; and
(F) if no CBO estimate is available, then the
entire list of legislative provisions proposed by the
President is inserted in the second blank space in
subparagraph (C).
(3) Calendar day.--The term ``calendar day'' means a
standard 24-hour period beginning at midnight.
(4) Cancel or cancellation.--The terms ``cancel'' or
``cancellation'' means to prevent--
(A) budget authority from having legal force or
effect;
(B) in the case of entitlement authority, to
prevent the specific legal obligation of the United
States from having legal force or effect;
(C) in the case of the food stamp program, to
prevent the specific provision of law that provides
such benefit from having legal force or effect;
(D) a limited tariff benefit from having legal
force or effect, and to make any necessary, conforming
statutory change to ensure that such limited tariff
benefit is not implemented; or
(E) a targeted tax benefit from having legal force
or effect, and to make any necessary, conforming
statutory change to ensure that such targeted tax
benefit is not implemented and that any budgetary
resources are appropriately canceled.
(5) CBO.--The term ``CBO'' means the Director of the
Congressional Budget Office.
(6) Direct spending.--The term ``direct spending'' means--
(A) budget authority provided by law (other than an
appropriation law);
(B) entitlement authority; and
(C) the food stamp program.
(7) Dollar amount of discretionary budget authority.--(A)
Except as provided in subparagraph (B), the term ``dollar
amount of discretionary budget authority'' means the entire
dollar amount of budget authority--
(i) specified in an appropriation law, or the
entire dollar amount of budget authority or obligation
limitation required to be allocated by a specific
proviso in an appropriation law for which a specific
dollar figure was not included;
(ii) represented separately in any table, chart, or
explanatory text included in the statement of managers
or the governing committee report accompanying such
law;
(iii) required to be allocated for a specific
program, project, or activity in a law (other than an
appropriation law) that mandates the expenditure of
budget authority from accounts, programs, projects, or
activities for which budget authority is provided in an
appropriation law;
(iv) represented by the product of the estimated
procurement cost and the total quantity of items
specified in an appropriation law or included in the
statement of managers or the governing committee report
accompanying such law; or
(v) represented by the product of the estimated
procurement cost and the total quantity of items
required to be provided in a law (other than an
appropriation law) that mandates the expenditure of
budget authority from accounts, programs, projects, or
activities for which budget authority is provided in an
appropriation law.
(B) The term ``dollar amount of discretionary budget
authority'' does not include--
(i) direct spending;
(ii) budget authority in an appropriation law which
funds direct spending provided for in other law;
(iii) any existing budget authority canceled in an
appropriation law; or
(iv) any restriction, condition, or limitation in
an appropriation law or the accompanying statement of
managers or committee reports on the expenditure of
budget authority for an account, program, project, or
activity, or on activities involving such expenditure.
(8) Item of direct spending.--The term ``item of direct
spending'' means any provision of law that results in an
increase in budget authority or outlays for direct spending
relative to the most recent levels calculated consistent with
the methodology used to calculate a baseline under section 257
of the Balanced Budget and Emergency Deficit Control Act of
1985 and included with a budget submission under section
1105(a) of title 31, United States Code, in the first year or
the 5-year period for which the item is effective. However,
such item does not include an extension or reauthorization of
existing direct spending, but instead only refers to provisions
of law that increase such direct spending.
(9) Limited tariff benefit.--The term ``limited tariff
benefit'' means any provision of law that modifies the
Harmonized Tariff Schedule of the United States in a manner
that benefits 10 or fewer entities (as defined in paragraph
(12)(B)).
(10) OMB.--The term ``OMB'' means the Director of the
Office of Management and Budget.
(11) Omnibus reconciliation or appropriation measure.--The
term ``omnibus reconciliation'' or ``appropriation measure''
means--
(A) in the case of a reconciliation bill, any such
bill that is reported to its House by the Committee on
the Budget; or
(B) in the case of an appropriation measure, any
such measure that provides appropriations for programs,
projects, or activities falling within 2 or more
section 302(b) suballocations.
(12) Targeted tax benefit.--
(A) The ``term targeted tax benefit'' means any
revenue-losing provision that provides a Federal tax
deduction, credit, exclusion, or preference to ten or
fewer beneficiaries (determined with respect to either
present law or any provision of which the provision is
a part) under the Internal Revenue Code of 1986 in any
year for which the provision is in effect;
(B) For purposes of subparagraph (a).--
(i) all businesses and associations that
are members of the same controlled group of
corporations (as defined in section 1563(a) of
the Internal Revenue Code of 1986) shall be
treated as a single beneficiary;
(ii) all shareholders, partners, members,
or beneficiaries of a corporation, partnership,
association, or trust or estate, respectively,
shall be treated as a single beneficiary;
(iii) all employees of an employer shall be
treated as a single beneficiary;
(iv) all qualified plans of an employer
shall be treated as a single beneficiary;
(v) all beneficiaries of a qualified plan
shall be treated as a single beneficiary;
(vi) all contributors to a charitable
organization shall be treated as a single
beneficiary;
(vii) all holders of the same bond issue
shall be treated as a single beneficiary; and
(viii) if a corporation, partnership,
association, trust or estate is the beneficiary
of a provision, the shareholders of the
corporation, the partners of the partnership,
the members of the association, or the
beneficiaries of the trust or estate shall not
also be treated as beneficiaries of such
provision;
(C) For the purpose of this paragraph, the term
``revenue-losing provision'' means any provision that
is estimated to result in a reduction in federal tax
revenues (determined with respect to either present law
or any provision of which the provision is a part) for
any one of the two following periods--
(i) the first fiscal year for which the
provision is effective; or
(ii) the period of the 5 fiscal years
beginning with the first fiscal year for which
the provision is effective;
(D) the ``term targeted tax benefit'' does not
include any provision which applies uniformly to an
entire industry; and
(E) the terms used in this paragraph shall have the
same meaning as those terms have generally in the
Internal Revenue Code of 1986, unless otherwise
expressly provided.
SEC. 605. EXPIRATION.
This title shall have no force or effect on or after October 1,
2012.
SEC. 606. SENSE OF CONGRESS ON DEFERRAL AUTHORITY.
It is the sense of Congress that legislation providing the
authority to temporarily defer spending on proposed rescissions should
be enacted.
SEC. 607. SENSE OF CONGRESS ON ABUSE OF PROPOSED CANCELLATIONS.
It is the sense of Congress that no President or any executive
branch official should condition the inclusion or exclusion or threaten
to condition the inclusion or exclusion of any proposed cancellation in
any special message under this title upon any vote cast or to be cast
by any Member of either House of Congress.
TITLE VII--EARMARK TRANSPARENCY
SEC. 701. PROHIBITION ON OBLIGATION OF FUNDS FOR EARMARKS INCLUDED ONLY
IN CONGRESSIONAL REPORTS.
(a) Requirement That Earmarks Must Be in Legislative Text.--
Notwithstanding any other rule of the House, in addition to the
requirements set forth in clause 9 of rule XXI of the Rules of the
House of Representatives, it shall not be in order to consider any
bill, joint resolution, amendment thereto, or conference report
thereon, unless the list of congressional earmarks, limited tax
benefits, and limited tariff benefits, required by clause 9(a)of rule
XXI are also set forth in the text of such measure.
(b) Availability on the Internet.--Notwithstanding any other rule
of the House, in addition to the requirements set forth in clause 9 of
rule XXI of the Rules of the House of Representatives, it shall not be
in order to consider any bill, joint resolution, or conference report
thereon, unless the lists required by paragraphs (1), (2), and (4) of
clause 9 of rule XXI are made available on the Internet in a searchable
format to the general public for at least 48 hours before
consideration.
SEC. 702. DEFINITIONS.
(a) Congressional Earmark.--The term ``congressional earmark''
means a provision or report language included primarily at the request
of a Member, Delegate, Resident Commissioner, or Senator providing,
authorizing or recommending a specific amount of discretionary budget
authority, credit authority, or other spending authority for a
contract, loan, loan guarantee, grant, loan authority, or other
expenditure with or to an entity, or targeted to a specific State,
locality or Congressional district, other than through a statutory or
administrative formula-driven or competitive award process.
(b) Limited Benefits.--
(1) Limited tariff benefit.--The term ``limited tariff
benefit'' means any provision of law that modifies the
Harmonized Tariff Schedule of the United States in a manner
that benefits 10 or fewer entities (as defined in paragraph
(12)(B)).
(2) Limited tax benefit.--(A) The term ``limited tax
benefit'' means any revenue-losing provision that provides a
Federal tax deduction, credit, exclusion, or preference to ten
or fewer beneficiaries (determined with respect to either
present law or any provision of which the provision is a part)
under the Internal Revenue Code of 1986 in any year for which
the provision is in effect.
(B) For purposes of subparagraph (A)--
(i) all businesses and associations that are
members of the same controlled group of corporations
(as defined in section 1563(a) of the Internal Revenue
Code of 1986) shall be treated as a single beneficiary;
(ii) all shareholders, partners, members, or
beneficiaries of a corporation, partnership,
association, or trust or estate, respectively, shall be
treated as a single beneficiary;
(iii) all employees of an employer shall be treated
as a single beneficiary;
(iv) all qualified plans of an employer shall be
treated as a single beneficiary;
(v) all beneficiaries of a qualified plan shall be
treated as a single beneficiary;
(vi) all contributors to a charitable organization
shall be treated as a single beneficiary;
(vii) all holders of the same bond issue shall be
treated as a single beneficiary; and
(viii) if a corporation, partnership, association,
trust or estate is the beneficiary of a provision, the
shareholders of the corporation, the partners of the
partnership, the members of the association, or the
beneficiaries of the trust or estate shall not also be
treated as beneficiaries of such provision;
(C) For the purpose of this paragraph, the term ``revenue-
losing provision'' means any provision that is estimated to
result in a reduction in federal tax revenues (determined with
respect to either present law or any provision of which the
provision is a part) for any one of the two following periods--
(i) the first fiscal year for which the provision
is effective; or
(ii) the period of the 5 fiscal years beginning
with the first fiscal year for which the provision is
effective;
(D) the term ``limited tax benefit'' does not include any
provision which applies uniformly to an entire industry; and
(E) the terms used in this paragraph shall have the same
meaning as those terms have generally in the Internal Revenue
Code of 1986, unless otherwise expressly provided.
(c) Special Rule.--Notwithstanding any other provision of the Rules
of the House, the definitions set forth in this section shall apply for
congressional earmarks, limited tariff benefits, and limited tax
benefits.
TITLE VIII--PAY-AS-YOU-GO.
SEC. 801. PAY-AS-YOU-GO POINT OF ORDER.
(a) Point of Order.--
(1) In general.--It shall not be in order in the House or
the Senate to consider any direct spending legislation,
excluding the impact of any revenue provisions, that would
increase the on-budget deficit or cause an on-budget deficit
for any 1 of 4 applicable time periods as measured in
paragraphs (5) and (6).
(2) Applicable time periods.--For purposes of this
subsection, the term ``applicable time period'' means any 1 of
the 4 following periods:
(A) The current fiscal year.
(B) The budget year.
(C) The period of the 5 fiscal years following the
current fiscal year.
(D) The period of the 5 fiscal years following the
5 fiscal years referred to in subparagraph (C).
(3) Direct spending legislation.--For purposes of this
subsection and except as provided in paragraph (4), the term
``direct spending legislation'' means any bill, joint
resolution, amendment, motion, or conference report that
affects direct spending as that term is defined by, and
interpreted for purposes of, the Balanced Budget and Emergency
Deficit Control Act of 1985.
(4) Baseline.--Estimates prepared pursuant to this
subsection shall--
(A) use the most recent baseline estimates supplied
by the Congressional Budget Office consistent with
section 257 of the Balanced Budget and Emergency
Deficit Control Act of 1985 used in considering a
concurrent resolution on the budget; or
(B) after the beginning of a new calendar year and
before consideration of a concurrent resolution on the
budget, the most recent baseline estimates supplied by
the Congressional Budget Office consistent with section
257 of the Balanced Budget and Emergency Deficit
Control Act of 1985.
(5) Prior surplus.--If direct spending or revenue
legislation increases the on-budget deficit or causes an on-
budget deficit when taken individually, it must also increase
the on-budget deficit or cause an on-budget deficit when taken
together with all direct spending and revenue legislation
enacted since the beginning of the calendar year not accounted
for in the baseline under paragraph (5)(A), except that direct
spending or revenue effects resulting in net deficit reduction
enacted in any bill pursuant to a reconciliation instruction
since the beginning of that same calendar year shall never be
made available on the pay-as-you-go ledger and shall be
dedicated only for deficit reduction.
(b) Determination of Budget Levels.--For purposes of this section,
the levels of new budget authority, outlays, and revenues for a fiscal
year shall be determined on the basis of estimates made by the
Committees on the Budget.
(c) Point of Order Protection in the House.--In the House, it shall
not be in order to consider a rule or order that waives the application
of subsection (a). As disposition of a point of order under this
paragraph, the Chair shall put the question of consideration with
respect to the rule or order that waives the application of subsection
(a). The question of consideration shall be debatable for 10 minutes by
the Member initiating the point of order and for 10 minutes by an
opponent, but shall otherwise be decided without intervening motion
except one that the House adjourn.
TITLE IX--DISCRETIONARY SPENDING LIMITS.
SEC. 901. DISCRETIONARY SPENDING LIMITS IN THE HOUSE.
(a) Point of Order.--It shall not be in order in the House to
consider any bill or joint resolution, or amendment thereto, that
provides new budget authority that would cause the discretionary
spending limits to be exceeded for any fiscal year.
(b) Discretionary Spending Limits.--In the House and as used in
this section, the term ``discretionary spending limit'' means--
(1) with respect to fiscal year 2008, for the discretionary
category: $1,079,593,000,000 in new budget authority and
$1,127,623,000,000 in outlays;
(2) with respect to fiscal year 2009, for the discretionary
category: $1,004,865,000,000 in new budget authority and
$1,121,730,000,000 in outlays;
(3) with respect to fiscal year 2010, for the discretionary
category: $977,058,000,000 in new budget authority and
$1,050,106,000,000 in outlays;
as adjusted in conformance with subsection (c).
(c) Adjustments.--
(1) In general.--
(A) Chairman.--After the reporting of a bill or
joint resolution, the offering of an amendment thereto,
or the submission of a conference report thereon, the
chairman of the Committee on the Budget may make the
adjustments set forth in subparagraph (B) for the
amount of new budget authority in that measure (if that
measure meets the requirements set forth in paragraph
(2)) and the outlays flowing from that budget
authority. The chairman of the Committee on the Budget
may also make appropriate adjustments for the reserve
funds set forth in this resolution.
(B) Matters to be adjusted.--The adjustments
referred to in subparagraph (A) are to be made to--
(i) the discretionary spending limits, if
any, set forth in the appropriate concurrent
resolution on the budget;
(ii) the allocations made pursuant to the
appropriate concurrent resolution on the budget
pursuant to section 302(a) of the Congressional
Budget Act of 1974; and
(iii) the budgetary aggregates as set forth
in the appropriate concurrent resolution on the
budget.
(2) Amounts of adjustments.--The adjustment referred to in
paragraph (1) shall be an amount provided and designated as an
emergency requirement;
(3) Application of adjustments.--The adjustments made for
legislation pursuant to paragraph (1) shall--
(A) apply while that legislation is under
consideration;
(B) take effect upon the enactment of that
legislation; and
(C) be published in the Congressional Record as
soon as practicable.
(4) Application of this section.--The provisions of this
section shall apply to legislation providing new budget
authority for fiscal years 2008 through 2010.
(d) Enforcement in the House of Representatives.--
(1) Waiver protection.--It shall not be in order in the
House of Representatives to consider a rule or order that
waives the application of this section.
(2) Consideration in the house.--
(A) This subsection shall apply only to the House
of Representatives.
(B) In order to be cognizable by the Chair, a point
of order under this section must specify the precise
language on which it is premised.
(C) As disposition of points of order under this
section, the Chair shall put the question of
consideration with respect to the proposition that is
the subject of the points of order.
(D) A question of consideration under this section
shall be debatable for 10 minutes by each Member
initiating a point of order and for 10 minutes by an
opponent on each point of order, but shall otherwise be
decided without intervening motion except one that the
House adjourn or that the Committee of the Whole rise,
as the case may be.
(E) The disposition of the question of
consideration under this subsection with respect to a
bill or joint resolution shall be considered also to
determine the question of consideration under this
subsection with respect to an amendment made in order
as original text.
(3) Extension of spending limits.--It shall not be in order
in the House of Representatives to consider a concurrent
resolution on the budget as described in section 301 of the
Congressional Budget Act of 1974 unless such resolution
includes discretionary spending limits that are in the same
amounts or less than those included in this section.
TITLE X--SENSES OF CONGRESS
SEC. 1001. SENSE OF THE HOUSE REGARDING THE IMPORTANCE OF CHILD SUPPORT
ENFORCEMENT.
It is the Sense of the House that additional legislative action is
needed to ensure that states have the necessary resources to collect
all child support that is owed to families and to allow them to pass
100 percent of support on to families without financial penalty. It is
further the Sense of the House that when 100 percent of child support
payments are passed on to the child, rather than administrative
expenses, program integrity is improved and child support participation
increases.
SEC. 1002. SENSE OF THE HOUSE ON STATE VETERANS CEMETERIES.
It is the sense of the House that the Federal Government should pay
the plot allowance for the internment in a State veterans cemetery of
any spouse or eligible child of a veteran, consistent with the pay-as-
you-go principle.
SEC. 1003. SENSE OF CONGRESS ON HEALTH INSURANCE REFORM.
It is the sense of the Congress that legislation should be
considered that does the following:
(1) Amends the Internal Revenue Code to allow individual
taxpayers a refundable tax credit for health insurance costs
paid for the benefit of the taxpayer, the taxpayer's spouse,
and dependents.
(2) Requires business taxpayers who receive payments for
certain employee health insurance coverage to file
informational returns.
(3) Directs the Secretary of the Treasury to make advance
payments of health insurance tax credit amounts to health
insurance providers.
(4) Limits the tax exclusion for employer-provided health
care coverage.
SEC. 1004. SENSE OF THE HOUSE ON THE INTERNAL REVENUE CODE OF 1986.
(a) Sense of Congress on the Termination of the Internal Revenue
Code of 1986.--No tax shall be imposed by the Internal Revenue Code of
1986--
(1) for any taxable year beginning after December 31, 2010;
and
(2) in the case of any tax not imposed on the basis of a
taxable year, on any taxable event or for any period after
December 31, 2010.
(b) Exception.--It is further the sense of the House of
Representatives that legislation enacted pursuant to subsection (a)
shall not apply to taxes imposed by--
(1) chapter 2 of such Code (relating to tax on self-
employment income);
(2) chapter 21 of such Code (relating to Federal Insurance
Contributions Act); and
(3) chapter 22 of such Code (relating to Railroad
Retirement Tax Act).
(c) Structure of a New Federal Tax System.--Congress declares that
any new Federal tax system should be a simple and fair system that--
(1) applies a low rate to all Americans;
(2) provides tax relief for working Americans;
(3) protects the rights of taxpayers and reduces tax
collection abuses;
(4) eliminates the bias against savings and investment;
(5) promotes economic growth and job creation; and
(6) does not penalize marriage or families.
(d) Timing of Implementation.--In order to ensure an easy
transition and effective implementation, the Congress hereby declares
that any new Federal tax system should be approved by Congress in its
final form no later than July 4, 2010.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on the Budget.
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