To amend the Congressional Budget Act of 1974 to require that the concurrent resolution on the budget for fiscal year 2012 include a benchmark plan to eliminate the budget deficit by fiscal year 2020 and that subsequent resolutions adhere to that plan.

Amends the Congressional Budget Act of 1974 to require the concurrent resolution on the budget for: (1) FY2012 to include a detailed benchmark plan to reduce discretionary spending to eliminate the budget deficit by FY2020; and (2) FY2013-FY2020 to be compliant with such plan, but include any necessary adjustments to meet its goal.

Requires the congressional budget committees, if they determine that an economic emergency exists, to include such a statement in the applicable budget resolution.

Provides that if such statement is included in the budget resolution, then the detailed benchmark plan to eliminate the budget deficit by FY2020: (1) is not required to be included in such budget resolution; and (2) shall be postponed by one fiscal year.

Makes it out of order in both chambers to consider any budget resolution for any fiscal year through 2020 if it is in violation of this Act. Permits waiver or suspension of such requirement, or successful appeals from rulings of the Chair, only by an affirmative vote of three-fifths (60) of the Senate.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4931 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4931

   To amend the Congressional Budget Act of 1974 to require that the 
  concurrent resolution on the budget for fiscal year 2012 include a 
benchmark plan to eliminate the budget deficit by fiscal year 2020 and 
            that subsequent resolutions adhere to that plan.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 24, 2010

Mr. Klein of Florida introduced the following bill; which was referred 
  to the Committee on Rules, and in addition to the Committee on the 
 Budget, for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
   To amend the Congressional Budget Act of 1974 to require that the 
  concurrent resolution on the budget for fiscal year 2012 include a 
benchmark plan to eliminate the budget deficit by fiscal year 2020 and 
            that subsequent resolutions adhere to that plan.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. BENCHMARK BUDGET PLAN.

    (a) Initial Plan.--Section 301 of the Congressional Budget Act of 
1974 is amended by adding at the end the following new subsection:
    ``(j) Benchmark Budget Plan.--(1) The concurrent resolution on the 
budget for fiscal year 2012 shall include a detailed benchmark plan to 
reduce discretionary spending to eliminate the budget deficit by fiscal 
year 2020.
    ``(2) The concurrent resolution on the budget for each of fiscal 
years 2013 through 2020 shall be in compliance with such plan, but 
shall include any necessary adjustments to meet the goal of the plan.
    ``(3) If the Committee on the Budget of the House of 
Representatives or the Senate determines that an economic emergency 
exists, then it shall include such a statement in the applicable 
concurrent resolution on the budget stating that an economic emergency 
exists. If such a statement is included, then--
            ``(A) the detailed benchmark plan to eliminate the budget 
        deficit by fiscal year 2020 is not required to be included in 
        that concurrent resolution under this subsection; and
            ``(B) the fiscal year by which the benchmark plan is to 
        eliminate the budget deficit shall be postponed by one fiscal 
        year.''.
    (b) Point of Order.--Section 312 of the Congressional Budget Act of 
1974 is amended by adding at the end the following new subsection:
    ``(g) Deficit Reduiction Point of Order.--It shall not be in order 
in the House of Representatives or the Senate to consider any 
concurrent resolution on the budget for any fiscal year through 2020 if 
it is in violation of section 301(j).''.

SEC. 2. THREE-FIFTHS REQUIREMENT IN THE SENATE.

    Subsections (c)(2) and (d)(3) of section 904 of the Congressional 
Budget Act of 1974 are amended by striking ``and 312(c)'' each place it 
appears and inserting ``312(c), and 312(g)''.
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