To provide for a deficit-neutral reserve fund for education reform.

1. Adds SEC. __. DEFICIT-NEUTRAL RESERVE FUND FOR EDUCATION REFORM at the end of title III

   Adds a section

   In S.Con.Res. 70 · Placed on Calendar Senate

   The Chairman of the Senate Committee on the Budget may revise the allocations of a committee or committees, aggregates, and other levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would authorize salary adjustments for justices and judges of the United States or increase the number of Federal judgeships, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2008 through 2013 or the period of the total of fiscal years 2008 through 2018.

   Inserted: SEC. __. DEFICIT-NEUTRAL RESERVE FUND FOR EDUCATION REFORM.

   Inserted: The Chairman of the Senate Committee on the Budget may revise the aggregates, allocations, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that promote flexibility in existing Federal education programs, restore State and local authority in education, ensure that public schools are held accountable for results to parents and the public, and prevent discrimination against homeschoolers, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2008 through 2013 or the period of the total of fiscal years 2008 through 2018.

   Original wording

   At the end of title III, add the following:

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As printed