Sec. 3. Amendments to the Congressional Budget and Impoundment Control Act of 1974

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Section 2(2) of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 621(2) ) is amended by striking each year and inserting biennially . Section 3(4) of such Act ( 2 U.S.C. 622(4) ) is amended by striking fiscal year each place it appears and inserting biennium . Section 3 of such Act ( 2 U.S.C. 622 ) is amended by adding at the end the following new paragraph: The term biennium means the period of 2 consecutive fiscal years beginning on October 1 of any odd-numbered year. . Section 301(a) of such Act ( 2 U.S.C. 632(a) ) is amended— in the matter preceding paragraph

(1)by— striking April 15 of each year and inserting May 15 of each odd-numbered year ; striking the fiscal year beginning on October 1 of such year the first place it appears and inserting the biennium beginning on October 1 of such year ; and striking the fiscal year beginning on October 1 of such year the second place it appears and inserting each fiscal year in such period ; in paragraph (6), by striking for the fiscal year and inserting for each fiscal year in the biennium ; and in paragraph (7), by striking for the fiscal year and inserting for each fiscal year in the biennium . Section 301(b) of such Act ( 2 U.S.C. 632(b) ) is amended— in paragraph (3), by striking for such fiscal year and inserting for either fiscal year in such biennium ; and in paragraph (7), by striking for the first fiscal year and inserting for each fiscal year in the biennium . Section 301(d) of such Act ( 2 U.S.C. 632(d) ) is amended by inserting (or, if applicable, as provided by section 300(b)) after United States Code . Section 301(e)(1) of such Act ( 2 U.S.C. 632(e) ) is amended by— striking fiscal year and inserting biennium ; and inserting after the second sentence the following: On or before April 1 of each odd-numbered year (or, if applicable, as provided by section 300(b)), the Committee on the Budget of each House shall report to its House the concurrent resolution on the budget referred to in subsection

(a)for the biennium beginning on October 1 of that year. . Section 301(f) of such Act ( 2 U.S.C. 632(f) ) is amended by striking fiscal year each place it appears and inserting biennium . Section 301(g)(1) of such Act ( 2 U.S.C. 632(g)(1) ) is amended by striking for a fiscal year and inserting for a biennium . The section heading of section 301 of such Act is amended by striking and inserting annual . biennial The item relating to section 301 in the table of contents set forth in section 1(b) of such Act is amended by striking Annual and inserting Biennial . Section 302 of such Act ( 2 U.S.C. 633 ) is amended— in subsection (a)(1) by— striking for the first fiscal year of the resolution, and inserting for each fiscal year in the biennium, ; striking for that period of fiscal years and inserting for all fiscal years covered by the resolution ; and striking for the fiscal year of that resolution and inserting for each fiscal year in the biennium ; in subsection (a)(5), by striking April 15 and inserting May 15 ; in subsection (f)(1), by striking for a fiscal year and inserting for a biennium ; in subsection (f)(1), by striking first fiscal year and inserting either fiscal year of the biennium ; in subsection (f)(2)(A), by— striking first fiscal year and inserting each fiscal year of the biennium ; and striking the total of fiscal years and inserting the total of all fiscal years covered by the resolution ; and in subsection (g)(1)(A), by striking April and inserting May . 303 Point of Order Section 303(a) of such Act ( 2 U.S.C. 634(a) ) is amended by striking for a fiscal year and inserting for a biennium and by striking the first fiscal year and inserting each fiscal year of the biennium . Section 303(b) of such Act ( 2 U.S.C. 634(b) ) is amended— in paragraph (1)(A), by striking the budget year and inserting the biennium ; in paragraph (1)(B), by striking the fiscal year and inserting the biennium ; and in paragraph (2), by inserting (or June 1 whenever section 300(b) is applicable) . Section 303(c)(1) of such Act ( 2 U.S.C. 634(c) ) is amended by— striking fiscal year and inserting biennium ; and striking that year and inserting each fiscal year of that biennium . Section 304 of such Act ( 2 U.S.C. 635 ) is amended— by striking fiscal year the first two places it appears and inserting biennium ; by striking for such fiscal year ; and by inserting before the period for such biennium . Section 305(a)(3) of such Act ( 2 U.S.C. 636(b)(3) ) is amended by striking fiscal year and inserting biennium . Section 307 of such Act ( 2 U.S.C. 638 ) is amended— by striking each year and inserting each odd-numbered year (or, if applicable, as provided by section 300(b), July 1) ; by striking annual and inserting biennial ; by striking fiscal year and inserting biennium ; and by striking that year and inserting each odd-numbered year . Section 308 of such Act ( 2 U.S.C. 639 ) is amended by adding at the end the following new subsection: The Director of the Congressional Budget Office shall, as soon as practicable after the completion of each quarter of the fiscal year, prepare an analysis comparing revenues, spending, and the deficit or surplus for the current fiscal year to assumptions included in the congressional budget resolution. In preparing this report, the Director of the Congressional Budget Office shall combine actual budget figures to date with projected revenue and spending for the balance of the fiscal year. The Director of the Congressional Budget Office shall include any other information in this report that it deems useful for a full understanding of the current fiscal position of the Federal Government. The reports mandated by this subsection shall be transmitted by the Director to the Senate and House Committees on the Budget, and the Congressional Budget Office shall make such reports available to any interested party upon request. . Section 309 of such Act ( 2 U.S.C. 640 ) is amended— by striking It and inserting Except whenever section 300(b) is applicable, it ; by inserting of any odd-numbered calendar year after July ; by striking annual and inserting biennial ; and by striking fiscal year and inserting biennium . Section 310 of such Act ( 2 U.S.C. 641 ) is amended— in subsection (a), in the matter preceding paragraph (1), by striking any fiscal year and inserting any biennium ; in subsection (a)(1), by striking such fiscal year each place it appears and inserting any fiscal year covered by such resolution ; and by striking subsection

(f)and redesignating subsection

(g)as subsection (f). 311 Point of Order Section 311(a)(1) of such Act ( 2 U.S.C. 642(a) ) is amended— by striking for a fiscal year and inserting for a biennium ; by striking the first fiscal year each place it appears and inserting either fiscal year of the biennium ; and by striking that first fiscal year and inserting each fiscal year in the biennium . Section 311(a)(2) of such Act is amended— in subparagraph (A), by striking for the first fiscal year and inserting for either fiscal year of the biennium ; and in subparagraph (B)— by striking that first fiscal year the first place it appears and inserting each fiscal year in the biennium ; and by striking that first fiscal year and the ensuing fiscal years and inserting all fiscal years . Section 311(a)(3) of such Act is amended by— striking for the first fiscal year and inserting each fiscal year in the biennium ; and striking that fiscal year and the ensuing fiscal years and inserting all fiscal years . Section 312(c) of the Congressional Budget Act of 1974 ( 2 U.S.C. 643 ) is amended— by striking for a fiscal year and inserting for a biennium ; in paragraph (1), by striking first fiscal year and inserting either fiscal year in the biennium ; in paragraph (2), by striking that fiscal year and inserting either fiscal year in the biennium ; and in the matter following paragraph (2), by striking that fiscal year and inserting the applicable fiscal year .

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