[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 34 Reported in House (RH)]
Union Calendar No. 30
112th CONGRESS
1st Session
H. CON. RES. 34
[Report No. 112-58]
Establishing the budget for the United States Government for fiscal
year 2012 and setting forth appropriate budgetary levels for fiscal
years 2013 through 2021.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 11, 2011
Mr. Ryan of Wisconsin, from the Committee on the Budget, reported the
following concurrent resolution; which was committed to the Committee
of the Whole House on the State of the Union and ordered to be printed
_______________________________________________________________________
CONCURRENT RESOLUTION
Establishing the budget for the United States Government for fiscal
year 2012 and setting forth appropriate budgetary levels for fiscal
years 2013 through 2021.
Resolved by the House of Representatives (the Senate concurring),
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.
(b) Table of Contents.--
Sec. 1. Concurrent resolution on the budget for fiscal year 2012.
TITLE I--RECOMMENDED LEVELS AND AMOUNTS
Sec. 101. Recommended levels and amounts.
Sec. 102. Major functional categories.
TITLE II--RECOMMENDED LEVELS AND AMOUNTS FOR FISCAL YEARS 2030, 2040,
AND 2050
Sec. 201. Policy statement on long-term budgeting.
TITLE III--RESERVES AND CONTINGENCIES
Sec. 301. Costs of the global war on terrorism.
Sec. 302. Effective date.
Sec. 303. Reserve fund for health care reform.
Sec. 304. Reserve fund for the sustainable growth rate of the Medicare
program.
Sec. 305. Reserve fund for deficit-neutral revenue measures.
Sec. 306. Deficit-neutral reserve fund for rural counties and schools.
TITLE IV--BUDGET ENFORCEMENT
Sec. 401. Discretionary spending limits.
Sec. 402. Limitation on advance appropriations.
Sec. 403. Concepts and definitions.
Sec. 404. Adjustments of aggregates and allocations for legislation.
Sec. 405. Limitation on long-term spending.
Sec. 406. Budgetary treatment of certain transactions.
Sec. 407. Application and effect of changes in allocations and
aggregates.
Sec. 408. Fair value estimates.
Sec. 409. Exercise of rulemaking powers.
TITLE V--POLICY
Sec. 501. Policy Statement on Medicare.
Sec. 502. Policy Statement on Social Security.
Sec. 503. Policy statement on budget enforcement.
TITLE VI--SENSE OF THE HOUSE PROVISIONS
Sec. 601. Sense of the House on a responsible deficit reduction plan
must consider all programs, including those
at the Pentagon and the other national
security agencies.
Sec. 602. Sense of the House regarding the importance of child support
enforcement.
TITLE I--RECOMMENDED LEVELS AND AMOUNTS
SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.
The following budgetary levels are appropriate for each of fiscal
years 2012 through 2021:
(1) Federal revenues.--For purposes of the enforcement of
this resolution:
(A) The recommended levels of Federal revenues are
as follows:
Fiscal year 2012: $1,866,454,000,000.
Fiscal year 2013: $2,127,981,000,000.
Fiscal year 2014: $2,324,503,000,000.
Fiscal year 2015: $2,425,363,000,000.
Fiscal year 2016: $2,522,695,000,000.
Fiscal year 2017: $2,693,493,000,000.
Fiscal year 2018: $2,807,893,000,000.
Fiscal year 2019: $2,958,678,000,000.
Fiscal year 2020: $3,119,794,000,000.
Fiscal year 2021: $3,286,942,000,000.
(B) The amounts by which the aggregate levels of
Federal revenues should be changed are as follows:
Fiscal year 2012: -$25,000,000,000.
Fiscal year 2013: -$227,000,000,000.
Fiscal year 2014: -$346,000,000,000.
Fiscal year 2015: -$406,000,000,000.
Fiscal year 2016: -$448,000,000,000.
Fiscal year 2017: -$482,000,000,000.
Fiscal year 2018: -$527,000,000,000.
Fiscal year 2019: -$544,000,000,000.
Fiscal year 2020: -$561,000,000,000.
Fiscal year 2021: -$597,000,000,000.
(2) New budget authority.--For purposes of the enforcement
of this resolution, the appropriate levels of total new budget
authority are as follows:
Fiscal year 2012: $2,858,546,000,000.
Fiscal year 2013: $2,836,375,000,000.
Fiscal year 2014: $2,908,773,000,000.
Fiscal year 2015: $2,973,288,000,000.
Fiscal year 2016: $3,117,227,000,000.
Fiscal year 2017: $3,226,372,000,000.
Fiscal year 2018: $3,330,990,000,000.
Fiscal year 2019: $3,488,494,000,000.
Fiscal year 2020: $3,636,213,000,000.
Fiscal year 2021: $3,761,565,000,000.
(3) Budget outlays.--For purposes of the enforcement of
this resolution, the appropriate levels of total budget outlays
are as follows:
Fiscal year 2012: $2,947,917,000,000.
Fiscal year 2013: $2,915,880,000,000.
Fiscal year 2014: $2,905,764,000,000.
Fiscal year 2015: $2,952,528,000,000.
Fiscal year 2016: $3,099,709,000,000.
Fiscal year 2017: $3,194,911,000,000.
Fiscal year 2018: $3,271,929,000,000.
Fiscal year 2019: $3,449,147,000,000.
Fiscal year 2020: $3,584,187,000,000.
Fiscal year 2021: $3,720,855,000,000.
(4) Deficits (on-budget).--For purposes of the enforcement
of this resolution, the amounts of the deficits (on-budget) are
as follows:
Fiscal year 2012: $1,081,463,000,000.
Fiscal year 2013: $787,899,000,000.
Fiscal year 2014: $581,261,000,000.
Fiscal year 2015: $527,165,000,000.
Fiscal year 2016: $577,014,000,000.
Fiscal year 2017: $501,418,000,000.
Fiscal year 2018: $464,036,000,000.
Fiscal year 2019: $490,469,000,000.
Fiscal year 2020: $464,392,000,000.
Fiscal year 2021: $433,912,000,000.
(5) Debt subject to limit.--Pursuant to section 301(a)(5)
of the Congressional Budget Act of 1974, the appropriate levels
of the public debt are as follows:
Fiscal year 2012: $16,204,000,000,000.
Fiscal year 2013: $17,177,000,000,000.
Fiscal year 2014: $17,955,000,000,000.
Fiscal year 2015: $18,704,000,000,000.
Fiscal year 2016: $19,513,000,000,000.
Fiscal year 2017: $20,257,000,000,000.
Fiscal year 2018: $20,981,000,000,000.
Fiscal year 2019: $21,711,000,000,000.
Fiscal year 2020: $22,416,000,000,000.
Fiscal year 2021: $23,105,000,000,000.
(6) Debt held by the public.--The appropriate levels of
debt held by the public are as follows:
Fiscal year 2012: $11,418,000,000,000.
Fiscal year 2013: $12,217,000,000,000.
Fiscal year 2014: $12,801,000,000,000.
Fiscal year 2015: $13,326,000,000,000.
Fiscal year 2016: $13,886,000,000,000.
Fiscal year 2017: $14,363,000,000,000.
Fiscal year 2018: $14,800,000,000,000.
Fiscal year 2019: $15,254,000,000,000.
Fiscal year 2020: $15,681,000,000,000.
Fiscal year 2021; $16,071,000,000,000.
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:
(1) National Defense (050):
Fiscal year 2012:
(A) New budget authority, $582,626,000,000.
(B) Outlays, $593,580,000,000.
Fiscal year 2013:
(A) New budget authority, $600,283,000,000.
(B) Outlays, $597,211,000,000.
Fiscal year 2014:
(A) New budget authority, $616,451,000,000.
(B) Outlays, $606,903,000,000.
Fiscal year 2015:
(A) New budget authority, $628,847,000,000.
(B) Outlays, $618,837,000,000.
Fiscal year 2016:
(A) New budget authority, $641,976,000,000.
(B) Outlays, $635,475,000,000.
Fiscal year 2017:
(A) New budget authority, $653,695,000,000.
(B) Outlays, $943,275,000,000.
Fiscal year 2018:
(A) New budget authority, $665,679,000,000.
(B) Outlays, $650,246,000,000.
Fiscal year 2019:
(A) New budget authority, $677,884,000,000.
(B) Outlays, $666,959,000,000.
Fiscal year 2020:
(A) New budget authority, $690,273,000,000.
(B) Outlays, $679,088,000,000.
Fiscal year 2021:
(A) New budget authority, $702,903,000,000.
(B) Outlays, $691,494,000,000.
(2) International Affairs (150):
Fiscal year 2012:
(A) New budget authority, $36,575,000,000.
(B) Outlays, $36,102,000,000.
Fiscal year 2013:
(A) New budget authority, $35,653,000,000.
(B) Outlays, $34,545,000,000.
Fiscal year 2014:
(A) New budget authority, $31,694,000,000.
(B) Outlays, $34,178,000,000.
Fiscal year 2015:
(A) New budget authority, $30,316,000,000.
(B) Outlays, $32,613,000,000.
Fiscal year 2016:
(A) New budget authority, $29,356,000,000.
(B) Outlays, $32,161,000,000.
Fiscal year 2017:
(A) New budget authority, $30,729,000,000.
(B) Outlays, $31,926,000,000.
Fiscal year 2018:
(A) New budget authority, $31,978,000,000.
(B) Outlays, $31,594,000,000.
Fiscal year 2019:
(A) New budget authority, $32,824,000,000.
(B) Outlays, $30,487,000,000.
Fiscal year 2020:
(A) New budget authority, $33,698,000,000.
(B) Outlays, $30,123,000,000.
Fiscal year 2021:
(A) New budget authority, $34,572,000,000.
(B) Outlays, $30,740,000,000.
(3) General Science, Space, and Technology (250):
Fiscal year 2012:
(A) New budget authority, $27,452,000,000.
(B) Outlays, $29,798,000,000.
Fiscal year 2013:
(A) New budget authority, $27,316,000,000.
(B) Outlays, $28,242,000,000.
Fiscal year 2014:
(A) New budget authority, $27,312,000,000.
(B) Outlays, $27,763,000,000.
Fiscal year 2015:
(A) New budget authority, $27,312,000,000.
(B) Outlays, $27,469,000,000.
Fiscal year 2016:
(A) New budget authority, $27,311,000,000.
(B) Outlays, $27,506,000,000.
Fiscal year 2017:
(A) New budget authority, $27,652,000,000.
(B) Outlays, $27,646,000,000.
Fiscal year 2018:
(A) New budget authority, $28,341,000,000.
(B) Outlays, $28,114,000,000.
Fiscal year 2019:
(A) New budget authority, $29,049,000,000.
(B) Outlays, $28,684,000,000.
Fiscal year 2020:
(A) New budget authority, $29,758,000,000.
(B) Outlays, $29,344,000,000.
Fiscal year 2021:
(A) New budget authority, $30,472,000,000.
(B) Outlays, $29,946,000,000.
(4) Energy (270):
Fiscal year 2012:
(A) New budget authority, $6,996,000,000.
(B) Outlays, $16,174,000,000.
Fiscal year 2013:
(A) New budget authority, $3,850,000,000.
(B) Outlays, $10,053,000,000.
Fiscal year 2014:
(A) New budget authority, $1,215,000,000.
(B) Outlays, $4,547,000,000.
Fiscal year 2015:
(A) New budget authority, $1,101,000,000.
(B) Outlays, $1,360,000,000.
Fiscal year 2016:
(A) New budget authority, $1,021,000,000.
(B) Outlays, $340,000,000.
Fiscal year 2017:
(A) New budget authority, $1,010,000,000.
(B) Outlays, $460,000,000.
Fiscal year 2018:
(A) New budget authority, $1,075,000,000.
(B) Outlays, $539,000,000.
Fiscal year 2019:
(A) New budget authority, $1,211,000,000.
(B) Outlays, $497,000,000.
Fiscal year 2020:
(A) New budget authority, $1,179,000,000.
(B) Outlays, $470,000,000.
Fiscal year 2021:
(A) New budget authority, $1,195,000,000.
(B) Outlays, $476,000,000.
(5) Natural Resources and Environment (300):
Fiscal year 2012:
(A) New budget authority, $31,921,000,000.
(B) Outlays, $36,818,000,000.
Fiscal year 2013:
(A) New budget authority, $29,414,000,000.
(B) Outlays, $33,386,000,000.
Fiscal year 2014:
(A) New budget authority, $25,296,000,000.
(B) Outlays, $28,943,000,000.
Fiscal year 2015:
(A) New budget authority, $26,893,000,000.
(B) Outlays, $29,271,000,000.
Fiscal year 2016:
(A) New budget authority, $25,231,000,000.
(B) Outlays, $26,070,000,000.
Fiscal year 2017:
(A) New budget authority, $26,156,000,000.
(B) Outlays, $26,307,000,000.
Fiscal year 2018:
(A) New budget authority, $26,618,000,000.
(B) Outlays, $25,308,000,000.
Fiscal year 2019:
(A) New budget authority, $26,956,000,000.
(B) Outlays, $25,439,000,000.
Fiscal year 2020:
(A) New budget authority, $27,787,000,000.
(B) Outlays, $25,990,000,000.
Fiscal year 2021:
(A) New budget authority, $27,756,000,000.
(B) Outlays, $25,992,000,000.
(6) Agriculture (350):
Fiscal year 2012:
(A) New budget authority, $19,819,000,000.
(B) Outlays, $19,559,000,000.
Fiscal year 2013:
(A) New budget authority, $18,396,000,000.
(B) Outlays, $21,989,000,000.
Fiscal year 2014:
(A) New budget authority, $16,717,000,000.
(B) Outlays, $16,469,000,000.
Fiscal year 2015:
(A) New budget authority, $17,355,000,000.
(B) Outlays, $16,688,000,000.
Fiscal year 2016:
(A) New budget authority, $17,235,000,000.
(B) Outlays, $16,505,000,000.
Fiscal year 2017:
(A) New budget authority, $16,859,000,000.
(B) Outlays, $16,069,000,000.
Fiscal year 2018:
(A) New budget authority, $17,025,000,000.
(B) Outlays, $16,180,000,000.
Fiscal year 2019:
(A) New budget authority, $17,159,000,000.
(B) Outlays, $16,283,000,000.
Fiscal year 2020:
(A) New budget authority, $17,469,000,000.
(B) Outlays, $16,579,000,000.
Fiscal year 2021:
(A) New budget authority, $17,755,000,000.
(B) Outlays, $16,873,000,000.
(7) Commerce and Housing Credit (370):
Fiscal year 2012:
(A) New budget authority, $14,317,000,000.
(B) Outlays, $16,275,000,000.
Fiscal year 2013:
(A) New budget authority, $4,040,000,000.
(B) Outlays, $2,611,000,000.
Fiscal year 2014:
(A) New budget authority, $508,000,000.
(B) Outlays, -$13,986,000,000.
Fiscal year 2015:
(A) New budget authority, -$2,609,000,000.
(B) Outlays, -$19,417,000,000.
Fiscal year 2016:
(A) New budget authority, -$3,260,000,000.
(B) Outlays, -$23,459,000,000.
Fiscal year 2017:
(A) New budget authority, -$293,000,000.
(B) Outlays, -$23,592,000,000.
Fiscal year 2018:
(A) New budget authority, -$261,000,000.
(B) Outlays, -$25,981,000,000.
Fiscal year 2019:
(A) New budget authority, -$222,000,000.
(B) Outlays, -$17,547,000,000.
Fiscal year 2020:
(A) New budget authority, -$128,000,000.
(B) Outlays, -$17,992,000,000.
Fiscal year 2021:
(A) New budget authority, -$196,000,000.
(B) Outlays, -$19,650,000,000.
(8) Transportation (400):
Fiscal year 2012:
(A) New budget authority, $64,316,000,000.
(B) Outlays, $80,431,000,000.
Fiscal year 2013:
(A) New budget authority, $64,515,000,000.
(B) Outlays, $71,264,000,000.
Fiscal year 2014:
(A) New budget authority, $64,265,000,000.
(B) Outlays, $67,722,000,000.
Fiscal year 2015:
(A) New budget authority, $60,377,000,000.
(B) Outlays, $66,084,000,000.
Fiscal year 2016:
(A) New budget authority, $68,563,000,000.
(B) Outlays, $65,957,000,000.
Fiscal year 2017:
(A) New budget authority, $65,916,000,000.
(B) Outlays, $67,036,000,000.
Fiscal year 2018:
(A) New budget authority, $70,578,000,000.
(B) Outlays, $67,451,000,000.
Fiscal year 2019:
(A) New budget authority, $66,719,000,000.
(B) Outlays, $69,869,000,000.
Fiscal year 2020:
(A) New budget authority, $67,472,000,000.
(B) Outlays, $71,551,000,000.
Fiscal year 2021:
(A) New budget authority, $68,936,000,000.
(B) Outlays, $76,853,000,000.
(9) Community and Regional Development (450):
Fiscal year 2012:
(A) New budget authority, $11,572,000,000.
(B) Outlays, $23,559,000,000.
Fiscal year 2013:
(A) New budget authority, $11,344,000,000.
(B) Outlays, $20,609,000,000.
Fiscal year 2014:
(A) New budget authority, $11,280,000,000.
(B) Outlays, $18,127,000,000.
Fiscal year 2015:
(A) New budget authority, $11,206,000,000.
(B) Outlays, $14,176,000,000.
Fiscal year 2016:
(A) New budget authority, $11,117,000,000.
(B) Outlays, $12,257,000,000.
Fiscal year 2017:
(A) New budget authority, $11,219,000,000.
(B) Outlays, $11,231,000,000.
Fiscal year 2018:
(A) New budget authority, $11,497,000,000.
(B) Outlays, $10,860,000,000.
Fiscal year 2019:
(A) New budget authority, $11,779,000,000.
(B) Outlays, $11,028,000,000.
Fiscal year 2020:
(A) New budget authority, $12,065,000,000.
(B) Outlays, $11,294,000,000.
Fiscal year 2021:
(A) New budget authority, $12,354,000,000.
(B) Outlays, $11,524,000,000.
(10) Education, Training, Employment, and Social Services
(500):
Fiscal year 2012:
(A) New budget authority, $67,122,000,000.
(B) Outlays, $100,012,000,000.
Fiscal year 2013:
(A) New budget authority, $63,887,000,000.
(B) Outlays, $73,071,000,000.
Fiscal year 2014:
(A) New budget authority, $66,076,000,000.
(B) Outlays, $68,044,000,000.
Fiscal year 2015:
(A) New budget authority, $69,446,000,000.
(B) Outlays, $70,450,000,000.
Fiscal year 2016:
(A) New budget authority, $73,314,000,000.
(B) Outlays, $73,310,000,000.
Fiscal year 2017:
(A) New budget authority, $75,371,000,000.
(B) Outlays, $75,665,000,000.
Fiscal year 2018:
(A) New budget authority, $76,798,000,000.
(B) Outlays, $77,013,000,000.
Fiscal year 2019:
(A) New budget authority, $78,314,000,000.
(B) Outlays, $78,385,000,000.
Fiscal year 2020:
(A) New budget authority, $79,629,000,000.
(B) Outlays, $79,806,000,000.
Fiscal year 2021:
(A) New budget authority, $80,952,000,000.
(B) Outlays, $81,047,000,000.
(11) Health (550):
Fiscal year 2012:
(A) New budget authority, $341,873,000,000.
(B) Outlays, $346,636,000,000.
Fiscal year 2013:
(A) New budget authority, $343,733,000,000.
(B) Outlays, $340,608,000,000.
Fiscal year 2014:
(A) New budget authority, $338,064,000,000.
(B) Outlays, $320,444,000,000.
Fiscal year 2015:
(A) New budget authority, $327,012,000,000.
(B) Outlays, $315,117,000,000.
Fiscal year 2016:
(A) New budget authority, $320,409,000,000.
(B) Outlays, $325,200,000,000.
Fiscal year 2017:
(A) New budget authority, $339,663,000,000.
(B) Outlays, $342,703,000,000.
Fiscal year 2018:
(A) New budget authority, $349,840,000,000.
(B) Outlays, $347,303,000,000.
Fiscal year 2019:
(A) New budget authority, $371,826,000,000.
(B) Outlays, $368,558,000,000.
Fiscal year 2020:
(A) New budget authority, $395,908,000,000.
(B) Outlays, $382,056,000,000.
Fiscal year 2021:
(A) New budget authority, $404,674,000,000.
(B) Outlays, $400,682,000,000.
(12) Medicare (570):
Fiscal year 2012:
(A) New budget authority, $481,521,000,000.
(B) Outlays, $481,816,000,000.
Fiscal year 2013:
(A) New budget authority, $519,903,000,000.
(B) Outlays, $520,406,000,000.
Fiscal year 2014:
(A) New budget authority, $550,105,000,000.
(B) Outlays, $550,248,000,000.
Fiscal year 2015:
(A) New budget authority, $573,252,000,000.
(B) Outlays, $573,333,000,000.
Fiscal year 2016:
(A) New budget authority, $618,945,000,000.
(B) Outlays, $619,385,000,000.
Fiscal year 2017:
(A) New budget authority, $637,938,000,000.
(B) Outlays, $638,059,000,000.
Fiscal year 2018:
(A) New budget authority, $657,067,000,000.
(B) Outlays, $657,111,000,000.
Fiscal year 2019:
(A) New budget authority, $711,486,000,000.
(B) Outlays, $711,897,000,000.
Fiscal year 2020:
(A) New budget authority, $758,271,000,000.
(B) Outlays, $758,376,000,000.
Fiscal year 2021:
(A) New budget authority, $809,106,000,000.
(B) Outlays, $809,201,000,000.
(13) Income Security (600):
Fiscal year 2012:
(A) New budget authority, $501,664,000,000.
(B) Outlays, $501,006,000,000.
Fiscal year 2013:
(A) New budget authority, $487,498,000,000.
(B) Outlays, $487,248,000,000.
Fiscal year 2014:
(A) New budget authority, $457,308,000,000.
(B) Outlays, $456,072,000,000.
Fiscal year 2015:
(A) New budget authority, $431,150,000,000.
(B) Outlays, $429,143,000,000.
Fiscal year 2016:
(A) New budget authority, $436,659,000,000.
(B) Outlays, $438,896,000,000.
Fiscal year 2017:
(A) New budget authority, $436,985,000,000.
(B) Outlays, $434,795,000,000.
Fiscal year 2018:
(A) New budget authority, $441,467,000,000.
(B) Outlays, $434,302,000,000.
Fiscal year 2019:
(A) New budget authority, $457,183,000,000.
(B) Outlays, $454,448,000,000.
Fiscal year 2020:
(A) New budget authority, $468,308,000,000.
(B) Outlays, $465,565,000,000.
Fiscal year 2021:
(A) New budget authority, $480,687,000,000.
(B) Outlays, $477,942,000,000.
(14) Social Security (650):
Fiscal year 2012:
(A) New budget authority, $54,439,000,000.
(B) Outlays, $54,624,000,000.
Fiscal year 2013:
(A) New budget authority, $29,096,000,000.
(B) Outlays, $29,256,000,000.
Fiscal year 2014:
(A) New budget authority, $32,701,000,000.
(B) Outlays, $32,776,000,000.
Fiscal year 2015:
(A) New budget authority, $36,261,000,000.
(B) Outlays, $36,311,000,000.
Fiscal year 2016:
(A) New budget authority, $40,171,000,000.
(B) Outlays, $40,171,000,000.
Fiscal year 2017:
(A) New budget authority, $44,263,000,000.
(B) Outlays, $44,263,000,000.
Fiscal year 2018:
(A) New budget authority, $48,717,000,000.
(B) Outlays, $48,717,000,000.
Fiscal year 2019:
(A) New budget authority, $53,508,000,000.
(B) Outlays, $53,508,000,000.
Fiscal year 2020:
(A) New budget authority, $58,552,000,000.
(B) Outlays, $58,552,000,000.
Fiscal year 2021:
(A) New budget authority, $64,053,000,000.
(B) Outlays, $64,053,000,000.
(15) Veterans Benefits and Services (700):
Fiscal year 2012:
(A) New budget authority, $128,339,000,000.
(B) Outlays, $127,140,000,000.
Fiscal year 2013:
(A) New budget authority, $130,024,000,000.
(B) Outlays, $130,025,000,000.
Fiscal year 2014:
(A) New budget authority, $134,143,000,000.
(B) Outlays, $134,055,000,000.
Fiscal year 2015:
(A) New budget authority, $138,167,000,000.
(B) Outlays, $137,851,000,000.
Fiscal year 2016:
(A) New budget authority, $147,410,000,000.
(B) Outlays, $146,868,000,000.
Fiscal year 2017:
(A) New budget authority, $146,323,000,000.
(B) Outlays, $145,704,000,000.
Fiscal year 2018:
(A) New budget authority, $145,412,000,000.
(B) Outlays, $144,751,000,000.
Fiscal year 2019:
(A) New budget authority, $155,091,000,000.
(B) Outlays, $154,407,000,000.
Fiscal year 2020:
(A) New budget authority, $159,680,000,000.
(B) Outlays, $158,979,000,000.
Fiscal year 2021:
(A) New budget authority, $164,381,000,000.
(B) Outlays, $163,622,000,000.
(16) Administration of Justice (750):
Fiscal year 2012:
(A) New budget authority, $56,946,000,000.
(B) Outlays, $53,931,000,000.
Fiscal year 2013:
(A) New budget authority, $45,326,000,000.
(B) Outlays, $50,482,000,000.
Fiscal year 2014:
(A) New budget authority, $45,093,000,000.
(B) Outlays, $48,664,000,000.
Fiscal year 2015:
(A) New budget authority, $44,928,000,000.
(B) Outlays, $47,337,000,000.
Fiscal year 2016:
(A) New budget authority, $47,009,000,000.
(B) Outlays, $48,519,000,000.
Fiscal year 2017:
(A) New budget authority, $45,731,000,000.
(B) Outlays, $46,650,000,000.
Fiscal year 2018:
(A) New budget authority, $46,669,000,000.
(B) Outlays, $46,957,000,000.
Fiscal year 2019:
(A) New budget authority, $47,768,000,000.
(B) Outlays, $47,649,000,000.
Fiscal year 2020:
(A) New budget authority, $50,848,000,000.
(B) Outlays, $50,415,000,000.
Fiscal year 2021:
(A) New budget authority, $52,863,000,000.
(B) Outlays, $52,407,000,000.
(17) General Government (800):
Fiscal year 2012:
(A) New budget authority, $22,762,000,000.
(B) Outlays, $27,205,000,000.
Fiscal year 2013:
(A) New budget authority, $22,185,000,000.
(B) Outlays, $23,460,000,000.
Fiscal year 2014:
(A) New budget authority, $22,232,000,000.
(B) Outlays, $22,619,000,000.
Fiscal year 2015:
(A) New budget authority, $22,183,000,000.
(B) Outlays, $22,021,000,000.
Fiscal year 2016:
(A) New budget authority, $22,217,000,000.
(B) Outlays, $22,643,000,000.
Fiscal year 2017:
(A) New budget authority, $22,453,000,000.
(B) Outlays, $21,718,000,000.
Fiscal year 2018:
(A) New budget authority, $22,979,000,000.
(B) Outlays, $22,016,000,000.
Fiscal year 2019:
(A) New budget authority, $23,559,000,000.
(B) Outlays, $22,295,000,000.
Fiscal year 2020:
(A) New budget authority, $23,917,000,000.
(B) Outlays, $22,606,000,000.
Fiscal year 2021:
(A) New budget authority, $24,356,000,000.
(B) Outlays, $23,024,000,000.
(18) Net Interest (900):
Fiscal year 2012:
(A) New budget authority, $372,433,000,000.
(B) Outlays, $372,433,000,000.
Fiscal year 2013:
(A) New budget authority, $433,760,000,000.
(B) Outlays, $433,760,000,000.
Fiscal year 2014:
(A) New budget authority, $504,269,000,000.
(B) Outlays, $504,269,000,000.
Fiscal year 2015:
(A) New budget authority, $569,303,000,000.
(B) Outlays, $569,303,000,000.
Fiscal year 2016:
(A) New budget authority, $633,745,000,000.
(B) Outlays, $633,745,000,000.
Fiscal year 2017:
(A) New budget authority, $691,747,000,000.
(B) Outlays, $691,747,000,000.
Fiscal year 2018:
(A) New budget authority, $742,666,000,000.
(B) Outlays, $742,666,000,000.
Fiscal year 2019:
(A) New budget authority, $784,534,000,000.
(B) Outlays, $784,534,000,000.
Fiscal year 2020:
(A) New budget authority, $823,870,000,000.
(B) Outlays, $823,870,000,000.
Fiscal year 2021:
(A) New budget authority, $851,993,000,000.
(B) Outlays, $851,993,000,000.
(19) Allowances (920):
Fiscal year 2012:
(A) New budget authority, -$6,173,000,000.
(B) Outlays, -$2,500,000,000.
Fiscal year 2013:
(A) New budget authority, -$2,399,000,000.
(B) Outlays, -$3,558,000,000.
Fiscal year 2014:
(A) New budget authority, -$3,260,000,000.
(B) Outlays, -$4,276,000,000.
Fiscal year 2015:
(A) New budget authority, -$4,353,000,000.
(B) Outlays, -$4,959,000,000.
Fiscal year 2016:
(A) New budget authority, -$5,256,000,000.
(B) Outlays, -$5,822,000,000.
Fiscal year 2017:
(A) New budget authority, -$5,799,000,000.
(B) Outlays, -$5,650,000,000.
Fiscal year 2018:
(A) New budget authority, -$6,085,000,000.
(B) Outlays, -$5,972,000,000.
Fiscal year 2019:
(A) New budget authority, -$6,417,000,000.
(B) Outlays, -$6,299,000,000.
Fiscal year 2020:
(A) New budget authority, -$6,697,000,000.
(B) Outlays, -$6,607,000,000.
Fiscal year 2021:
(A) New budget authority, -$7,073,000,000.
(B) Outlays, -$6,960,000,000.
(20) Undistributed Offsetting Receipts (950):
Fiscal year 2012:
(A) New budget authority, -$84,517,000,000.
(B) Outlays, -$84,517,000,000.
Fiscal year 2013:
(A) New budget authority, -$81,449,000,000.
(B) Outlays, -$81,449,000,000.
Fiscal year 2014:
(A) New budget authority, -$82,695,000,000.
(B) Outlays, -$82,695,000,000.
Fiscal year 2015:
(A) New budget authority, -$84,857,000,000.
(B) Outlays, -$84,857,000,000.
Fiscal year 2016:
(A) New budget authority, -$85,946,000,000.
(B) Outlays, -$85,946,000,000.
Fiscal year 2017:
(A) New budget authority, -$91,248,000,000.
(B) Outlays, -$91,248,000,000.
Fiscal year 2018:
(A) New budget authority, -$97,099,000,000.
(B) Outlays, -$97,099,000,000.
Fiscal year 2019:
(A) New budget authority, -
$101,718,000,000.
(B) Outlays, -$101,718,000,000.
Fiscal year 2020:
(A) New budget authority, -
$105,645,000,000.
(B) Outlays, -$105,645,000,000.
Fiscal year 2021:
(A) New budget authority, -
$110,174,000,000.
(B) Outlays, -$110,174,000,000.
(21) Global War on Terrorism and related activities (970):
Fiscal year 2012:
(A) New budget authority, $126,544,000,000.
(B) Outlays, $117,835,000,000.
Fiscal year 2013:
(A) New budget authority, $50,000,000,000.
(B) Outlays, $92,661,000,000.
Fiscal year 2014:
(A) New budget authority, $50,000,000,000.
(B) Outlays, $64,878,000,000.
Fiscal year 2015:
(A) New budget authority, $50,000,000,000.
(B) Outlays, $54,401,000,000.
Fiscal year 2016:
(A) New budget authority, $50,000,000,000.
(B) Outlays, $50,929,000,000.
Fiscal year 2017:
(A) New budget authority, $50,000,000,000.
(B) Outlays, $50,147,000,000.
Fiscal year 2018:
(A) New budget authority, $50,000,000,000.
(B) Outlays, $49,851,000,000.
Fiscal year 2019:
(A) New budget authority, $50,000,000,000.
(B) Outlays, $49,784,000,000.
Fiscal year 2020:
(A) New budget authority, $50,000,000,000.
(B) Outlays, $49,769,000,000.
Fiscal year 2021:
(A) New budget authority, $50,000,000,000.
(B) Outlays, $49,769,000,000.
TITLE II--RECOMMENDED LEVELS AND AMOUNTS FOR FISCAL YEARS 2030, 2040,
AND 2050
SEC. 201. POLICY STATEMENT ON LONG-TERM BUDGETING.
The following are the recommended budget levels for each of fiscal
years 2030, 2040, and 2050 as a percent of the gross domestic product
of the United States:
(1) Federal revenues.--The appropriate levels of Federal
revenues are as follows:
Fiscal year 2030: 19 percent.
Fiscal year 2040: 19 percent.
Fiscal year 2050: 19 percent.
(2) Budget outlays.--The appropriate levels of total budget
outlays are as follows:
Fiscal year 2030: 20.75 percent.
Fiscal year 2040: 18.75 percent.
Fiscal year 2050: 14.75 percent.
(3) Deficits.--The appropriate amounts of deficits are as
follows:
Fiscal year 2030: -1.75 percent.
Fiscal year 2040: 0.25 percent.
Fiscal year 2050: 4.25 percent.
(4) Debt held by the public.--The appropriate levels of
debt held by the public are as follows:
Fiscal year 2030: 64 percent.
Fiscal year 2040: 48 percent.
Fiscal year 2050: 10 percent.
TITLE III--RESERVES AND CONTINGENCIES
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 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.
SEC. 302. EFFECTIVE DATE.
Section 3(c) of House Resolution 5 (112th Congress) shall have
force and effect through May 31, 2011.
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.
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.
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.
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 (Public Law
106-393) or make changes to the Payments in Lieu of Taxes Act of 1976
(Public Law 94-565), or both, by the amounts provided by that
legislation for those purposes, provided that such legislation would
not increase the deficit or direct spending over either the period of
the total of fiscal years 2012 through 2021 or the period of the total
of fiscal years 2012 through 2016, or for fiscal year 2012.
TITLE IV--BUDGET ENFORCEMENT
SEC. 401. DISCRETIONARY SPENDING LIMITS.
(a) Discretionary Spending Limits.--Spending limits for total
discretionary Federal spending are--
fiscal year 2012--
(1) new budget authority, $1,019,402,000,000; and
(2) outlays, $1,170,384,000,000;
fiscal year 2013--
(1) new budget authority, $1,029,883,000,000; and
(2) outlays, $1,115,285,000,000;
fiscal year 2014--
(1) new budget authority, $1,045,524,000,000; and
(2) outlays, $1,101,727,000,000;
fiscal year 2015--
(1) new budget authority, $1,058,667,000,000; and
(2) outlays, $1,101,068,000,000;
fiscal year 2016--
(1) new budget authority, $1,072,766,000,000; and
(2) outlays, $1,110,030,000,000;
fiscal year 2017--
(1) new budget authority, $1,089,781,000,000; and
(2) outlays, $1,120,344,000,000;
fiscal year 2018--
(1) new budget authority, $1,112,246,000,000; and
(2) outlays, $1,132,655,000,000;
fiscal year 2019--
(1) new budget authority, $1,135,789,000,000; and
(2) outlays, $1,158,508,000,000;
fiscal year 2020--
(1) new budget authority, $1,159,598,000,000; and
(2) outlays, $1,182,089,000,000; and
fiscal year 2021--
(1) new budget authority, $1,183,627,000,000; and
(2) outlays, $1,209,926,000,000;
as adjusted under section 402.
(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).
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.
(b) Exceptions.--An advance appropriation may be provided for
programs, projects, activities, or accounts referred to in subsection
(c)(1) or identified in the report to accompany this resolution or the
joint explanatory statement of managers to accompany this resolution
under the heading ``Accounts Identified for Advance Appropriations''.
(c) Limitations.--For fiscal year 2013, the aggregate amount of
advance appropriations shall not exceed--
(1) $52,500,000,000 for the following programs in the
Department of Veterans Affairs--
(A) Medical Services;
(B) Medical Support and Compliance; and
(C) Medical Facilities accounts of the Veterans
Health Administration; and
(2) $28,852,000,000 in new budget authority for all other
programs.
(d) Definition.--In this section, the term ``advance
appropriation'' means any new discretionary budget authority provided
in a bill or joint resolution making general appropriations or any new
discretionary budget authority provided in a bill or joint resolution
making continuing appropriations for fiscal year 2013.
(e) Adjustments.--The chairman of the Committee on the Budget may
adjust the list referred to in subsection (b) or the amount set forth
in subsection (c)(2) to accommodate the enactment of general or
continuing appropriation Acts for fiscal year 2011.
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.
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.
(b) Adjustments.--(1) The chairman of the Committee on the Budget
may adjust the allocations and aggregates of this concurrent resolution
for--
(A) the budgetary effects of measures extending the
Economic Growth and Tax Relief Reconciliation Act of 2001;
(B) the budgetary effects of measures extending the Jobs
and Growth Tax Relief Reconciliation Act of 2003;
(C) the budgetary effects of measures that adjust the
Alternative Minimum Tax exemption amounts to prevent a larger
number of taxpayers as compared with tax year 2008 from being
subject to the Alternative Minimum Tax or of allowing the use
of nonrefundable personal credits against the Alternative
Minimum Tax, or both as applicable;
(D) the budgetary effects of extending the estate, gift,
and generation-skipping transfer tax provisions of title III of
the Tax Relief, Unemployment Insurance Reauthorization, and Job
Creation Act of 2010;
(E) the budgetary effects of measures providing a 20
percent deduction in income to small businesses;
(F) the budgetary effects of measures implementing trade
agreements;
(G) the budgetary effects of measures repealing the tax
increases set forth in the Patient Protection and Affordable
Care Act and the Health Care and Education Affordability
Reconciliation Act of 2010;
(H) the budgetary effects of measures reforming the Patient
Protection and Affordable Care Act and the Health Care and
Education Affordability Reconciliation Act of 2010; and
(I) the budgetary effects of measures reforming the tax
code and lower tax rates.
(2) A measure does not qualify for adjustments under paragraph
(1)(H) if it--
(A) increases the deficit over the period of fiscal years
2012 through 2021; or
(B) increases revenues over the period of fiscal years 2012
through 2021, other than by--
(i) repealing or modifying the individual mandate
(codified as section 5000A of the Internal Revenue Code
of 1986); or
(ii) modifying the subsidies to purchase health
insurance (codified as section 36B of the Internal
Revenue Code of 1986).
(c) Other Adjustments.--If a committee other than the Committee on
Appropriations reports a bill or joint resolution, or an amendment
thereto or a conference report thereon, providing for a decrease in
direct spending (budget authority and outlays flowing therefrom) for
any fiscal year and also provides for an authorization of
appropriations for the same purpose, upon the enactment of such
measure, the chairman of the Committee on the Budget may decrease the
allocation to such committee and increase the allocation of
discretionary spending (budget authority and outlays flowing therefrom)
to the Committee on Appropriations for fiscal year 2012 and the
applicable discretionary spending limits by an amount equal to the new
budget authority (and the outlays flowing therefrom) provided for in a
bill or joint resolution making appropriations for the same purpose.
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).
(b) Time Periods.--(1) The applicable periods for purposes of this
section are any of the first four consecutive 10-fiscal-year periods
beginning with the first fiscal year following the last fiscal year for
which the applicable concurrent resolution on the budget sets forth
appropriate budgetary levels.
(2) In this paragraph, the applicable concurrent resolution on the
budget is the one most recently adopted before the date on which a
committee first reported the bill or joint resolution described in
paragraph (1).
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.
(b) Special Rule.--For purposes of applying section 302(f) of the
Congressional Budget Act of 1974, estimates of the level of total new
budget authority and total outlays provided by a measure shall include
any off-budget discretionary amounts.
(c) Adjustments.--The chairman of the Committee on the Budget may
adjust allocations and aggregates for legislation reported by the
Committee on Oversight and Government Reform that reforms the Federal
retirement system, but does not cause a net increase in the deficit for
fiscal year 2012 and the period comprising fiscal years 2012 to 2021.
SEC. 407. APPLICATION AND EFFECT OF CHANGES IN ALLOCATIONS AND
AGGREGATES.
(a) Application.--Any adjustments of allocations and aggregates
made pursuant to this resolution shall--
(1) apply while that measure is under consideration;
(2) take effect upon the enactment of that measure; and
(3) be published in the Congressional Record as soon as
practicable.
(b) Effect of Changed Allocations and Aggregates.--Revised
allocations and aggregates resulting from these adjustments shall be
considered for the purposes of the Congressional Budget Act of 1974 as
allocations and aggregates included in this resolution.
(c) Budget Committee Determinations.--For purposes of this
resolution, the levels of new budget authority, outlays, direct
spending, new entitlement authority, revenues, deficits, and surpluses
for a fiscal year or period of fiscal years shall be determined on the
basis of estimates made by the Committee on the Budget.
(d) Exemptions.--Any legislation for which the chairman of the
Committee on the Budget makes adjustments in the allocations and
aggregates of this concurrent resolution on the budget and complies
with the Congressional Budget Act of 1974 shall not be subject to the
points of order set forth in clause 10 of rule XXI of the Rules of the
House of Representatives or section 405.
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.
(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.
SEC. 409. EXERCISE OF RULEMAKING POWERS.
(a) In General.--The House adopts the provisions of this title--
(1) as an exercise of the rulemaking power of the House of
Representatives and as such they shall be considered as part of
the rules of the House, and these rules shall supersede other
rules only to the extent that they are inconsistent with other
such rules; and
(2) with full recognition of the constitutional right of
the House of Representatives to change those rules at any time,
in the same manner, and to the same extent as in the case of
any other rule of the House of Representatives.
(b) Limitation on Application.--The following provisions of H. Res.
5 (112th Congress) shall no longer have force or effect:
(1) Section 3(e) relating to advance appropriations.
(2) Section 3(f) relating to the treatment of off-budget
administrative expenses.
(3) Section 3(g) relating to a long-term spending point of
order.
TITLE V--POLICY
SEC. 501. POLICY STATEMENT ON MEDICARE.
(a) Findings.--The House finds the following:
(1) More than 46 million Americans depend on Medicare for
their health security.
(2) The Medicare Trustees report has repeatedly recommended
that Medicare's long-term financial challenges be addressed
soon. Each year without reform, the financial condition of
Medicare becomes more precarious and the threat to those in and
near retirement becomes more pronounced. According to the
Congressional Budget Office--
(A) the Hospital Insurance Trust Fund will be
exhausted in 2020 and unable to pay scheduled benefits;
and
(B) Medicare spending is growing faster than the
economy. Medicare outlays are currently rising at a
rate of 7.2 percent per year, and under CBO's
alternative fiscal scenario, mandatory spending on
Medicare is projected to reach 7 percent of GDP by 2035
and 14 percent of GDP by 2080.
(3) Failing to address this problem will leave millions of
American seniors without adequate health security and younger
generations burdened with enormous debt to pay for spending
levels that cannot be sustained.
(b) Policy on Medicare Reform.--It is the policy of this resolution
to protect those in and near retirement from any disruptions to their
Medicare benefits and offer future beneficiaries the same health care
options available to Members of Congress.
(c) Assumptions.--This resolution assumes reform of the Medicare
program such that:
(1) Current Medicare benefits are preserved for those in
and near retirement, without changes.
(2) For future generations, when they reach eligibility,
Medicare is reformed to provide a premium support payment and a
selection of guaranteed health coverage options from which
recipients can choose a plan that best suits their needs.
(3) Medicare will provide additional assistance for lower-
income beneficiaries and those with greater health risks.
(4) Medicare spending is put on a sustainable path and the
Medicare program becomes solvent over the long-term.
SEC. 502. POLICY STATEMENT ON SOCIAL SECURITY.
(a) Findings.--The House finds the following:
(1) More than 50 million reitrees and individuals with a
disability depend on Social Security for a key part of their
income. Since enactment, Social Security has served as a vital
leg on the ``three-legged stool'' of retirement security, which
includes employer provided pensions as well as personal
savings.
(2) The Social Security Trustees report has repeatedly
recommended that Social Security's long-term financial
challenges be addressed soon. Each year without reform, the
financial condition of Social Security becomes more precarious
and the threat to seniors and those receiving Social Security
disability benefits becomes more pronounced:
(A) In 2018, the Federal Disability Insurance Trust
Fund will be exhausted and will be unable to pay
scheduled benefits.
(B) In 2037, the combined Federal Old-Age and
Survivors Insurance Trust Fund and Federal Disability
Insurance Trust Fund will be exhausted, and will be
unable to pay scheduled benefits.
(C) With the exhaustion of the Trust Funds in 2037,
benefits will be cut 22 percent across the board,
devastating those currently in or near retirement and
those who rely on Social Security the most.
(3) The current recession has exacerbated the crisis to
Social Security. The most recent CBO projections find that
Social Security has entered into permanent cash deficits.
(4) Lower-income Americans rely on Social Security for a
larger proportion of their retirement income. Therefore,
reforms should take into consideration the need to protect
lower-income Americans' retirement security.
(5) Americans deserve action by their elected officials on
Social Security reform. It is critical that the Congress and
the administration work together in a bipartisan fashion to
address the looming insolvency of Social Security. In this
spirit, this resolution creates a bipartisan opportunity to
find solutions by requiring policymakers to ensure that Social
Security remains a critical part fo the safety net.
(b) Policy on Social Security.--It is the policy of this resolution
that Congress should work on a bipartisan basis to make Social Security
permanently solvent. This resolution assumes reform of a current law
trigger, such that--
(1)(A) if in any year the Board of Trustees of the Federal
Old-Age and Survivors Insurance Trust Fund and the Federal
Disability Insurance Trust Fund in its annual Trustees' Report
determines that the 75-year actuarial balance of the Social
Security Trust Funds is in deficit, and the annual balance of
the Social Security Trust Funds in the 75th year is in deficit,
the Board of Trustees should, not later than September 30 of
the same calendar year, submit to the President recommendations
for statutory reforms necessary to achieve a positive 75-year
actuarial balance and a positive annual balance in the 75th
year; and
(B) such recommendations provided to the President should
be agreed upon by both Public Trustees of the Board of
Trustees;
(2)(A) not later than December 1 of the same calendar year
in which the Board of Trustees submits its recommendations, the
President shall promptly submit implementing legislation to
both Houses of Congress, including recommendations necessary to
achieve a positive 75-year actuarial balance and a positive
annual balance in the 75th year; and
(B) the Majority Leader of the Senate and the Majority
Leader of the House should introduce such legislation upon
receipt;
(3) within 60 days of the President submitting legislation,
the committees of jurisdiction to which the legislation has
been referred should report such legislation, which should be
considered by the full House or Senate under expedited
procedures; and
(4) legislation submitted by the President should--
(A) protect those in and near retirement;
(B) preserve the safety net for those who rely on
Social Security, including survivors and those with
disabilities;
(C) improve fairness for participants; and
(D) reduce the burden on, and provide certainty
for, future generations.
SEC. 503. POLICY STATEMENT ON BUDGET ENFORCEMENT.
(a) Findings.--The House finds the following:
(1) The President's fiscal year 2012 budget requests a $13
trillion increase in the debt subject to limit over the period
of years covered by the budget.
(2) Under the President's fiscal year 2012 budget,
according to the Congressional Budget Office, debt held by the
public will rise to 69 percent of gross domestic product in
2011 and will reach 87.4 percent of gross domestic product by
2021.
(3) The Congressional Budget Office, the Federal Reserve,
the General Accountability Office, the President's National
Commission on Fiscal Responsibility and Reform, and ten former
Chairmen of the Council of Economic Advisors all concluded that
debt is growing at unsustainable rates and must be brought
under control.
(4) Admiral Mike Mullen, Chairman of the Joint Chiefs of
Staff, stated, ``Our national debt is our biggest national
security threat.''.
(5) According to the Congressional Budget Office, if
entitlements are not reformed, entitlement spending on Social
Security, Medicare, and Medicaid will exceed the historical
average of revenue collections as a share of the economy within
forty years.
(6) According to the Congressional Budget Office, under
current policies, debt would reach levels that the economy
could no longer sustain in 2037 and a fiscal crisis is likely
to occur well before that date.
(7) To avoid a fiscal crisis, Congress must enact
legislation that makes structural reforms to entitlement
programs.
(8) Instead of automatic debt increases (the ``Gephardt
rule'' was repealed by the House in House Resolution 5) and
automatic spending increases, Congress needs to put limits on
spending with automatic reductions if spending limits are not
met.
(9) The adoption of a conference report on this concurrent
resolution will not cause the automatic passage of an increase
in the debt limit by the House of Representatives.
(10) Changes in debt levels assumed in this resolution are
contingent upon its proposed spending reductions being
achieved.
(11) From 1990 to 2002, there were statutory enforceable
limits on discretionary spending.
(12) The budget lacks controls over spending in the short-
term and the long-term. Greater transparency and controls,
particularly for entitlement spending in the long-term, are
needed to provide Congress with tools to tackle this growing
threat of a fiscal crisis.
(b) Policy on Debt Controls.--It is the policy of this concurrent
resolution on the budget that in order to begin to bring debt under
control the following statutory spending and debt controls are needed:
(1) Enforceable statutory caps on discretionary spending at
levels set forth in this fiscal year 2012 concurrent resolution
on the budget for the period of fiscal years 2012 through 2021.
(2) Any increase in the statutory debt limit be accompanied
by the enactment of a budget enforcement mechanism to ensure
that if spending reductions are not achieved there would be--
(A) an across-the-board reduction in spending at
the end of the year;
(B) a fast-track process or failsafe mechanism to
give Congress the ability to expedite consideration of
legislation to reduce spending and avoid the automatic
across-the-board spending reductions; and
(C) an exemption of Social Security from these
enforcement mechanisms, with Social Security solvency
ensured as provide in section 501.
(3) Limits on total spending with long-term structural
reforms that--
(A) require--
(i) the Office of Management and Budget and
the Congressional Budget Office to make long-
term budget projections (similar to the
timeframes of projections made by the Social
Security and Medicare trustees);
(ii) the inclusion of the estimated long-
term fiscal impact of the President's budget in
the President's annual budget submission;
(iii) in the Congressional Budget Office's
reestimate of the President's budget, an
estimate of the long-term impact of the
President's budget; and
(iv) in Congressional Budget Office
estimates on legislation, an estimate of the
long-term impact of legislation that has a
significant impact on the long-term budget;
(B) require enactment of enforceable caps on total
spending as a share of gross domestic product as set
forth in this resolution;
(C) require the review by Congress of Congressional
Budget Office projections relative to the statutory
caps and enactment of legislation to reduce spending to
meet those caps;
(D) require enactment of an enforcement mechanism
to ensure that if these spending reductions are not
achieved, there would be an across-the-board reduction
in spending at the end of the year;
(E) require enactment of a fast-track process or
failsafe mechanism to provide Congress with the ability
to expedite consideration of legislation to reduce
spending and avoid the automatic across-the-board
spending reductions; and
(F) exempt Social Security from these enforcement
mechanisms, with Social Security solvency ensured as
provided in section 501.
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.
It is the sense of the House that the Nation's debt is an immense
security threat to our country, just as Admiral Mullen, Chairman of the
Joint Chiefs of Staff, has stated; the Government Accountability Office
has recently issued a report documenting billions of dollars of waste
and duplication at Government agencies, including the Department of
Defense, and the Department of Defense has never passed a clean audit;
the bipartisan National Commission on Fiscal Responsibility and Reform
and the bipartisan Rivlin-Domenici Debt Reduction Task Force were
correct in concluding that all programs, including national security,
should be ``on the table'' as part of a deficit reduction plan; and any
budget plan serious about reducing the deficit must follow this precept
to consider all programs, including national security programs, the
largest segment of discretionary spending.
SEC. 602. SENSE OF THE HOUSE REGARDING THE IMPORTANCE OF CHILD SUPPORT
ENFORCEMENT.
It is the sense of the House that--
(1) additional legislative action is needed to ensure that
States have the necessary resources to collect all child
support that is owed to families and allow them to pass 100
percent of support on to families without financial penalty;
and
(2) when 100 percent of child support payments are passed
to the child, rather than administrative expenses, program
integrity is improved and child support participation
increases.
Union Calendar No. 30
112th CONGRESS
1st Session
H. CON. RES. 34
[Report No. 112-58]
_______________________________________________________________________
CONCURRENT RESOLUTION
Establishing the budget for the United States Government for fiscal
year 2012 and setting forth appropriate budgetary levels for fiscal
years 2013 through 2021.
_______________________________________________________________________
April 11, 2011
Committed to the Committee of the Whole House on the State of the Union
and ordered to be printed