To establish a deficit-reduction reserve fund reserve fund for Government reform and efficiency.

1. Adds SEC. ___. DEFICIT-REDUCTION RESERVE FUND FOR GOVERNMENT REFORM AND EFFICIENCY at the end of title III

   Adds a section

   In S.Con.Res. 11 · Placed on Calendar Senate

   The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to a prohibition, except in the case of Federal assistance provided in response to a natural disaster, on any entity of the Federal Government from providing funds to State and local governments to prevent receivership or to facilitate exit from receivership or to prevent default on its obligations by a State government, by the amounts provided in such legislation for that purpose, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2016 through 2020 or the period of the total of fiscal years 2016 through 2025.

   Inserted: SEC. ___. DEFICIT-REDUCTION RESERVE FUND FOR GOVERNMENT REFORM AND EFFICIENCY.

   Inserted: The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to achieving savings through the use of performance data or scientifically rigorous evaluation methodologies for the elimination, consolidation, or reform of Federal programs, agencies, offices, and initiatives, or the sale of Federal property, and reduce the deficit over either the period of the total of fiscal years 2016 through 2020 or the period of the total of fiscal years 2016 through 2025. The Chairman may also make adjustments to the Senate's pay-as-you-go ledger over 6 and 11 years to ensure that the deficit reduction achieved is used for deficit reduction only. The adjustments authorized under this section shall be of the amount of deficit reduction achieved.

   Original wording

   At the end of title III, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed