II
109th CONGRESS
1st Session
S. 19
IN THE SENATE OF THE UNITED STATES
January 24, 2005
Mr. Conrad (for himself, Mr. Reid, Mr. Feingold, Ms. Mikulski, Ms. Stabenow, Mr. Inouye, Mr. Leahy, Mr. Salazar, Mr. Rockefeller, Mr. Schumer, Mrs. Feinstein, Mr. Dayton, Mr. Dodd, and Mrs. Clinton) introduced the following bill; which was read twice and referred to the Committee on the Budget
A BILL
To reduce budget deficits by restoring budget enforcement and strengthening fiscal responsibility.
Short title
This Act may be cited as the
Fiscal Responsibility for a Sound
Future Act
.
Extension of the discretionary spending caps
In general
Section 251(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901(c)) is amended to read as follows:
Discretionary Spending Limit
As used in this part, the term
discretionary spending limit
means, with respect to fiscal year
2005—
for the discretionary category: $836,268,000,000 in new budget authority and $895,966,000,000 in outlays;
for the highway category: $31,761,000,000 in outlays; and
for the mass transit category: $956,000,000 in new budget authority and $6,748,000,000 in outlays;
.
Commitment of the senate
Congress should enact a limit on total discretionary spending for fiscal year 2006.
Extension of Pay-as-You-Go requirement
Section 252 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended—
in subsection (a), by striking
enacted before October 1, 2002
; and
in subsection
(b), by striking enacted before October 1, 2002,
.
Extension of budget enforcement through 2015
Section 275 of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900 note) is amended by adding at the end the following:
Reenactment
Part C of this title is reenacted into law effective for fiscal year 2005. Part C shall expire at the end of fiscal year 2015.
.
Reconciliation for deficit reduction in the Senate
In general
It shall not be in order in the Senate to consider under the expedited procedures applicable to reconciliation in sections 305 and 310 of the Congressional Budget Act of 1974 any bill, resolution, amendment, amendment between Houses, motion, or conference report that increases the deficit in the first fiscal year covered by the most recently adopted concurrent resolution on the budget, the period of the first 5 fiscal years covered by the most recently adopted concurrent resolution on the budget, or the period of the 5 fiscal years following the first 5 fiscal years covered by the most recently adopted concurrent resolution on the budget.
Budget resolution
It shall not be in order in the Senate to consider pursuant to sections 301, 305, or 310 of the Congressional Budget Act of 1974 pertaining to concurrent resolutions on the budget any resolution, concurrent resolution, amendment, amendment between the Houses, motion, or conference report that contains any reconciliation directive that would increase the deficit in the first fiscal year covered by the most recently adopted concurrent resolution on the budget, the period of the first 5 fiscal years covered by the most recently adopted concurrent resolution on the budget, or the period of the 5 fiscal years following the first 5 fiscal years covered by the most recently adopted concurrent resolution on the budget.
Supermajority waiver and appeal
This section may be waived or suspended in the Senate only by an affirmative vote of 3/5 of the Members, duly chosen and sworn. An affirmative vote of 3/5 of the Members of the Senate, duly chosen and sworn, shall be required in the Senate to sustain an appeal of the ruling of the Chair on a point of order raised under this section.
Senate paygo rule
In general
Section 505(a)(5)(A) of H. Con. Res. 95 (108th Congress)
is amended by striking as adjusted for any changes in revenues or direct
spending assumed by such resolution
.
Expiration date
Section 505(e) of H. Con. Res. 95 (108th Congress) is
amended by striking 2008
and inserting
2015
.