Sec. 109. Bipartisan budget resolution
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Section 3 of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 622 ), as amended by section 102, is further amended by adding at the end the following: The term bipartisan budget resolution means a concurrent resolution on the budget for a biennium— ordered reported to the Senate by the Committee on the Budget of the Senate by an affirmative vote of not less than half of the Senators that are members of the majority party in the Senate and not less than half of the Senators that are members of the minority party in the Senate; that establishes— a target for the ratio of the public debt to the gross domestic product as of the end of the period covered by the concurrent resolution or a later date; and for each fiscal year covered by the concurrent resolution, targets for— the ratio of the public debt to the gross domestic product; the amount of health care spending by the Government; the amount of tax expenditures; the amount of discretionary appropriations (as defined in section 250 of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900 )); and the amount of revenues; and which may include other economic or policy targets. .
Section 305 of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 636 ) is amended by adding at the end the following: In the Senate, upon the agreement of the majority leader and the minority leader, additional procedures to expedite consideration of a bipartisan budget resolution (which may include limiting the number of amendments upon which the Senate shall vote) shall apply to consideration of the bipartisan budget resolution. The majority leader shall submit a written statement for the Congressional Record reflecting any agreement described in this paragraph.
In the Senate, a bipartisan budget resolution shall be agreed to only upon the affirmative vote of not less than— three-fifths of the Members, duly chosen and sworn; and 15 Members that are members of the minority party in the Senate. To be considered a bipartisan budget resolution, a conference report or an amendment between the Houses on a concurrent resolution on the budget shall— comply with section 3(15)(B); and be agreed to in the Senate by an affirmative vote of not less than— three-fifths of the Members, duly chosen and sworn; and 15 Members that are members of the minority party in the Senate. .
Section 310(e)(2) of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 641(e)(2) ) is amended— by inserting
(A)before Debate ; and by adding at the end the following: In the Senate, a reconciliation bill reported under subsection
(b)pursuant to reconciliation instructions in a bipartisan budget resolution, a House amendment thereto, and a conference report thereon shall be agreed to only upon the affirmative vote of not less than— a majority of the Members voting, a quorum being present; and 15 Members that are members of the minority party in the Senate. . Section 202 of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 603 ) is amended by adding at the end the following: On and after the date on which the first bipartisan budget resolution is agreed to, the Director of the Congressional Budget Office shall submit to Congress semiannual reports on the ratio of the public debt to the gross domestic product, which shall evaluate whether the targets in the most recently agreed to bipartisan budget resolution have been met. .
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