H.Con.Res.34 - Establishing the budget for the United States Government for fiscal year 2012 and setting forth appropriate budgetary levels for fiscal years 2013 through 2021.
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SECTION 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.CommentsClose CommentsPermalink
TITLE I--RECOMMENDED LEVELS AND AMOUNTS
TITLE II--RECOMMENDED LEVELS AND AMOUNTS FOR FISCAL YEARS 2030, 2040, AND 2050
TITLE III--RESERVES AND CONTINGENCIES
TITLE IV--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.CommentsClose CommentsPermalink
SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.
SEC. 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:CommentsClose CommentsPermalink
SEC. 201. POLICY STATEMENT ON LONG-TERM BUDGETING.
SEC. 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.CommentsClose CommentsPermalink
SEC. 302. EFFECTIVE DATE.
SEC. 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.CommentsClose CommentsPermalink
SEC. 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.CommentsClose CommentsPermalink
SEC. 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.CommentsClose CommentsPermalink
SEC. 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 (
SEC. 401. DISCRETIONARY SPENDING LIMITS.
(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).CommentsClose CommentsPermalink
SEC. 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.CommentsClose CommentsPermalink
(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’.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
SEC. 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.CommentsClose CommentsPermalink
SEC. 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.CommentsClose CommentsPermalink
(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;CommentsClose CommentsPermalink
(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;CommentsClose CommentsPermalink
(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;CommentsClose CommentsPermalink
(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; andCommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
SEC. 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).CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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).CommentsClose CommentsPermalink
SEC. 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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
SEC. 407. APPLICATION AND EFFECT OF CHANGES IN ALLOCATIONS AND AGGREGATES.
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
SEC. 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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
SEC. 409. EXERCISE OF RULEMAKING POWERS.
(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; andCommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
SEC. 501. POLICY STATEMENT ON MEDICARE.
(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--CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
SEC. 502. POLICY STATEMENT ON SOCIAL SECURITY.
(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.CommentsClose CommentsPermalink
(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:CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(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--CommentsClose CommentsPermalink
(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; andCommentsClose CommentsPermalink
(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; andCommentsClose CommentsPermalink
(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; andCommentsClose CommentsPermalink
SEC. 503. POLICY STATEMENT ON BUDGET ENFORCEMENT.
(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.CommentsClose CommentsPermalink
(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.CommentsClose CommentsPermalink
(5) According to the Congressional Budget Office, if entitlements are not reformed, entitlement spending on Social Security, Medicare, and Medicaid will ex