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Cut, Cap and Balance Act of 2011

Cut, Cap and Balance Act of 2011

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Published by Alves Real Estate

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Published by: Alves Real Estate on Jul 23, 2011
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07/23/2011

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.....................................................................(Original Signature of Member)
112
TH
CONGRESS1
ST
S
ESSION
 
H. R.
 ll 
To cut, cap, and balance the Federal budget.
IN THE HOUSE OF REPRESENTATIVES
Mr. C
HAFFETZ
(for himself, Mr. M
ULVANEY
, and Mr. R
IBBLE
) introduced thefollowing bill; which was referred to the Committee on
 lllllllllllllll 
A BILL
To cut, cap, and balance the Federal budget.
 Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. SHORT TITLE.
3
This Act may be cited as the ‘‘Cut, Cap, and Balance
4
 Act of 2011’’.
5
TITLE I—CUT
6
SEC. 101. MODIFICATION OF THE CONGRESSIONAL BUDGET
7
 ACT.
8
Title III of the Congressional Budget Act of 1974
9
is amended by inserting at the end the following:
10
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2
‘‘SEC. 316. DISCRETIONARY SPENDING LIMITS.
1
‘‘(a) I
N
G
ENERAL
.—It shall not be in order in the
2
House of Representatives or the Senate to consider any 
3
 bill, joint resolution, amendment, or conference report that
4
 would cause the discretionary spending limits as set forth
5
in this section to be exceeded.
6
‘‘(b) L
IMITS
.—In this section, the term ‘discretionary 
7
spending limits’ means for fiscal year 2012: for the discre-
8
tionary category, $1,019,402,000,000 in new budget au-
9
thority and $1,224,568,000,000 in outlays.
10
‘‘(c) A 
DJUSTMENTS
.—After the reporting of a bill or
11
 joint resolution relating to the global war on terrorism de-
12
scribed in subsection (d), or the offering of an amendment
13
thereto or the submission of a conference report thereon—
14
‘‘(1) the chair of the House or Senate Com-
15
mittee on the Budget may adjust the discretionary 
16
spending limits provided in this section for purposes
17
of congressional enforcement, the budgetary aggre-
18
gates in the concurrent resolution on the budget
19
most recently adopted by the Senate and the House
20
of Representatives, and allocations pursuant to sec-
21
tion 302(a) of the Congressional Budget Act of 
22
1974, by the amount of new budget authority in
23
that measure for that purpose and the outlays flow-
24
ing therefrom; and
25
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3‘‘(2) following any adjustment under paragraph
1
(1), the House or Senate Committee on Appropria-
2
tions may report appropriately revised suballocations
3
pursuant to section 302(b) of the Congressional
4
Budget Act of 1974 to carry out this subsection.
5
‘‘(d) G
LOBAL
 W
 AR ON
T
ERRORISM
.—If a bill or joint
6
resolution is reported making appropriations for fiscal
7
 year 2012 that provides funding for the global war on ter-
8
rorism, the allowable adjustments provided for in sub-
9
section (c) for fiscal year 2012 shall not exceed
10
$126,544,000,000 in budget authority and the outlays
11
flowing therefrom.
12
‘‘SEC. 317. CERTAIN DIRECT SPENDING LIMITS.
13
‘‘(a) I
N
G
ENERAL
.—It shall not be in order in the
14
House of Representatives or the Senate to consider any 
15
 bill, joint resolution, amendment, or conference report that
16
includes any provision that would cause total direct spend-
17
ing, except as excluded in subsection (b), to exceed the
18
limits specified in subsection (c).
19
‘‘(b) E
 XEMPT
F
ROM
D
IRECT
S
PENDING
L
IMITS
.—
20
Direct spending for the following functions is exempt from
21
the limits specified in subsection (c):
22
‘‘(1) Social Security, function 650.
23
‘‘(2) Medicare, function 570.
24
VerDate Nov 24 2008 15:16 Jul 15, 2011Jkt 000000PO 00000Frm 00003Fmt 6652Sfmt 6201C:\TEMP\CHAFFE_162.XMLHOLCPC
July 15, 2011 (3:16 p.m.)
F:\M12\CHAFFE\CHAFFE_162.XML
f:\VHLC\071511\071511.172.xml (504207|6)

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