In the nature of a substitute.

SA 932. Mr. PAUL submitted an amendment intended to be proposed by
him to the bill H.R. 3877, to amend the Balanced Budget and Emergency
Deficit Control Act of 1985, to establish a congressional budget for
fiscal years 2020 and 2021, to temporarily suspend the debt limit, and
for other purposes; which was ordered to lie on the table; as follows:

[[Page S5203]]

Strike all after the enacting clause and insert the
following:

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Cut, Cap, and Balance Act of
2019''.

SEC. 2. DEBT LIMIT INCREASE.

(a) In General.--Effective on the date described in
subsection (b), the limitation in effect under section
3101(b) of title 31, United States Code, shall be increased
by $500,000,000,000.
(b) Effective Date.--The date described in this subsection
is the earliest of the date on which the Archivist of the
United States transmits to the States S. J. Res. 3 (116th
Congress) in the form introduced on January 4, 2019, S. J.
Res. 5 (116th Congress) in the form introduced on January 24,
2019, a balanced budget amendment to the Constitution of the
United States, or a similar amendment to the Constitution of
the United States if the amendment requires that total
outlays not exceed total receipts, contains a spending
limitation as a percentage of the gross domestic product, and
requires that tax increases be approved by a two-thirds vote
in both Houses of Congress for their ratification.

SEC. 3. LIMIT FOR ON-BUDGET SPENDING.

(a) Point of Order.--
(1) In general.--It shall not be in order in the Senate or
the House of Representatives to consider any bill, joint
resolution, motion, amendment, amendment between the Houses,
or conference report that would cause the total amount of on-
budget spending for any of fiscal years 2020 through 2029 to
exceed the amount specified in paragraph (2) with respect to
such fiscal year.
(2) Caps.--The amount specified in this paragraph is the
following:
(A) With respect to fiscal year 2020, $3,435,880,000,000.
(B) With respect to fiscal year 2021, $3,367,160,000,000.
(C) With respect to fiscal year 2022, $3,299,820,000,000.
(D) With respect to fiscal year 2023, $3,233,820,000,000.
(E) With respect to fiscal year 2024, $3,169,150,000,000.
(F) With respect to fiscal year 2025, $3,232,530,000,000.
(G) With respect to fiscal year 2026, $3,297,180,000,000.
(H) With respect to fiscal year 2027, $3,363,120,000,000.
(I) With respect to fiscal year 2028, $3,430,390,000,000.
(J) With respect to fiscal year 2029, $3,498,990,000,000.
(b) Waiver and Appeal.--
(1) Senate.--Subsection (a) may be waived or suspended in
the Senate only by an affirmative vote of three-fifths of the
Members, duly chosen and sworn. An affirmative vote of three-
fifths of the Members of the Senate, duly chosen and sworn,
shall be required to sustain an appeal of the ruling of the
Chair on a point of order raised under subsection (a).
(2) House of representatives.--
(A) In general.--Subsection (a) may be waived or suspended
in the House of Representatives only by an affirmative vote
of three-fifths of the Members, duly chosen and sworn.
(B) Point of order protection.--In the House of
Representatives, it shall not be in order to consider a rule
or order that waives the application of subparagraph (A).

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