Summary: Honest Budget Act - Amends procedures in the Congressional Budget Act of 1974 (CBA) that make it out of order in the Senate to consider appropriations legislation until the Senate agrees to a concurrent resolution on the budget. Permits waivers or suspension of such requirements, or successful appeals from a ruling of the Chair, by an affirmative vote of three-fifths (60) of the Senate. Declares that it shall not be in order in the House of Representatives to consider certain bills, joint resolutions, or conference reports that designate as an emergency requirement any provision that creates discretionary or direct spending or decreases revenues. Establishes a procedure for emergency designations by amendment. Amends the Federal Credit Reform Act of 1990 (FCRA) to revise the budgetary treatment of federal direct loans and loan guarantees to account for them on a fair value basis (currently, a FCRA accrual basis). Expands such new budgetary treatment to financial investments beginning in FY2015. Defines "financial investment" as a federal government investment in any securities (debt or equity) or futures, swaps, or other derivatives, issued by a non-federal entity, regardless of whether the issuances are federally guaranteed, or issued by a federal entity if the issuance consists of marketable securities. Requires the President's budget: (1) from FY1992 on to reflect the Treasury discounting component of direct loan and loan guarantee programs; and (2) from FY2015 on to reflect the costs of direct loan, loan guarantee, and financial investment programs. Defines "Treasury discounting component" as the estimated long-term cost to the federal government of a direct loan, loan guarantee, or financial investment calculated on a net present value basis, excluding administrative costs and any incidental effects on governmental receipts or outlays. Revises other requirements for the President's budget including conditions for new direct loan obligations incurred and loan guarantee commitments made for FY1992 and thereafter, and new financial investment commitments for FY2015 and thereafter. Requires new budget authority for such loans or loan guarantee or financial investment commitments to be provided in advance in an appropriations Act. Exempts a direct loan or loan guarantee program that constitutes an entitlement (such as the guaranteed student loan program or the veteran's home loan guaranty program) as well as all existing credit programs of the Commodity Credit Corporation (CCC) from: (1) the above requirement; and (2) the prohibition against modification of an outstanding direct loan, loan guarantee, or financial investment in a manner that increases its costs unless budget authority for the additional cost has been provided in advance in an appropriations Act. Revises requirements for Treasury transactions with financing accounts (nonbudget accounts associated with each program account which holds balances, receives the cost payment from the program account, and also includes all other cash flows to and from the federal government resulting from such obligations or commitments made on or after October 1, 1991). Limits the availability of amounts in liquidating accounts to specified payments resulting from direct loan obligations or loan guarantee commitments made before October 1, 1991. Prescribes requirements for consideration of legislation after agreement on a budget resolution (in effect, extending a point of order against certain changes in mandatory programs to all such programs in appropriations bills). Prohibits the congressional budget committees from counting rescissions of budget authority that do not result in outlay savings over the period covered by a budget resolution when determining the levels of new budget authority, outlays, direct spending, new entitlement authority, and revenues for a fiscal year. Suspends within-grade step increases in the compensation of certain federal employees from the date of enactment of this Act until December 31, 2012. Makes it out of order in the House to consider any legislation that would provide an advance appropriation, except for employment training, education programs, Head Start, rental assistance, the Corporation for Public Broadcasting, and veterans' medical services. Allows waiver of this rule by a vote of three-fifths of the Members. Prohibits shifts in outlays or revenues from one year to another by a date change to act as an offset for other provisions that increase the deficit for a time period. Prescribes a budget scoring rule for transfers from the Treasury General Fund to the Highway Trust Fund that increase the level of indebtedness subject to the current applicable statutory public debt limit.

honest budget act_-_amends procedures congressional_budget_act cba order senate consider appropriations legislation senate agrees concurrent resolution budget permits waivers suspension requirements successful appeals ruling chair affirmative vote fifths senate declares shall order house_of_representatives consider certain bills joint resolutions conference reports designate emergency requirement provision creates discretionary direct spending decreases revenues establishes procedure emergency designations amendment amends federal credit reform_act fcra revise budgetary treatment federal direct_loans loan guarantees account fair value basis currently fcra accrual basis expands new budgetary treatment financial investments beginning fy2015 defines financial investment federal_government investment securities debt equity futures swaps derivatives issued non federal entity regardless issuances federally guaranteed issued federal entity issuance consists marketable securities requires president budget fy1992 reflect treasury discounting component direct_loan loan guarantee programs fy2015 reflect costs direct_loan loan guarantee financial investment programs defines treasury discounting component estimated long term cost federal_government direct_loan loan guarantee financial investment calculated net present value basis excluding administrative costs incidental effects governmental receipts outlays revises requirements president budget including conditions new direct_loan obligations incurred loan guarantee commitments fy1992 new financial investment commitments fy2015 requires new budget authority loans loan guarantee financial investment commitments provided advance appropriations act exempts direct_loan loan guarantee program constitutes entitlement guaranteed student loan program veteran home loan guaranty program existing credit programs commodity_credit_corporation ccc requirement prohibition modification outstanding direct_loan loan guarantee financial investment manner increases costs budget authority additional cost provided advance appropriations act revises requirements treasury transactions financing accounts accounts associated program account holds balances receives cost payment program account includes cash flows federal_government resulting obligations commitments october limits availability amounts liquidating accounts specified payments resulting direct_loan obligations loan guarantee commitments october prescribes requirements consideration legislation agreement budget resolution effect extending point order certain changes mandatory programs programs appropriations bills prohibits congressional_budget committees counting rescissions budget authority result savings period covered budget resolution determining levels new budget authority outlays direct spending new entitlement authority revenues fiscal year suspends grade step increases compensation certain federal employees date enactment act december makes order house consider legislation provide advance appropriation employment training education programs head_start rental assistance corporation_for_public_broadcasting veterans medical services allows waiver rule vote fifths members prohibits shifts outlays revenues year date change act offset provisions increase deficit time period prescribes budget scoring rule transfers treasury general_fund highway_trust_fund increase level indebtedness subject current applicable statutory public debt limit


Summary: Restoring America's Faith and Trust Act - Makes rescissions in the discretionary budget authority for FY2012-FY2014.  Limits increases in total new budget authority after FY2013 to the percentage by which the U.S. gross domestic product increases from the previous year. Directs the Office of Management and Budget (OMB) to take appropriate measures to ensure that the total number of federal employees does not exceed the total number of such employees as of October 1, 2007.  Requires such reduction to be achieved through voluntary separation of employees.  Allows the President to waive requirements for the reduction of the federal workforce upon a determination that the existence of a state of war or other national security concern or the existence of an extraordinary emergency threatening life, health, public safety, property, or the environment so requires.  Requires the Administrator of the General Services Administration (GSA) to conduct a Federal Real Property Disposal Program for the disposal of surplus real property. Requires the Secretary of the Interior to offer for sale at fair market value certain lands under the jurisdiction of the Secretary that are located in states where more than 50% of the total land area is federally-owned. Requires the net proceeds from the sale of such lands to be used for the reduction of the public debt. Requires the Director of OMB to submit a plan to Congress for the phased-in expiration of all federal programs every three years.  Requires any federal program scheduled to expire to be reauthorized by an act of Congress.

restoring america faith trust act makes rescissions discretionary budget authority fy2012-fy2014 limits increases total new budget authority fy2013 percentage gross domestic product increases previous year directs office management budget omb appropriate measures ensure total number federal employees exceed total number employees october requires reduction achieved voluntary separation employees allows president waive requirements reduction federal workforce determination existence state war national security concern existence extraordinary emergency threatening life health public safety property environment requires requires administrator general_services_administration gsa conduct federal real property disposal program disposal surplus real property requires secretary interior offer sale fair market value certain lands jurisdiction secretary located states total land area federally owned requires net proceeds sale lands reduction public debt requires director omb submit plan congress phased expiration federal programs years requires federal program scheduled expire reauthorized act congress


Summary: DebtPatriots.Gov Act of 2011 - Directs the Secretary of the Treasury to create a new website, www.DebtPatriots.gov, specifically for receiving gifts to reduce the public debt. Requires the Secretary and the President to provide a link to such website on the main page of their websites. Sets forth the required features of such website, including: (1) an opt-in check-box to allow donor names to be publically recognized, and (2) a linked website on which donors can be published according to specified levels of corporate and individual donations. Requires the President to issue a signed certification of appreciation recognizing the award level of each donor.

act directs secretary treasury create new website specifically receiving gifts reduce public debt requires secretary president provide link website main page websites sets forth required features website including opt check box allow donor names recognized linked website donors published according specified levels corporate individual donations requires president issue signed certification appreciation recognizing award level donor


Summary: Spending Control Act of 2011 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish for FY2013-FY2021: (1) direct spending limits, (2) total spending limits, and (3) deficit limits. Prescribes certain deficit control mechanisms (sequestration and reduction orders) for such period. Requires the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) to: (1) determine common scorekeeping guidelines, and (2) prepare estimates in conformance with such guidelines. Requires OMB and CBO each to make annual comparisons for the current and the ten ensuing fiscal years of projected total deficits and specified deficit limits. Repeals the Statutory Pay-As-You-Go Act of 2010. Prescribes and/or revises requirements for direct, total, and deficit sequestration preview and final reports. Eliminates Pay-As-You-Go reports. Adds the following programs and activities to the list exempted from sequestration orders: (1) obligated balances of budget authority carried over from prior fiscal years; (2) federal obligations required to be paid under the U.S. Constitution or legally contractual obligations; (3) Claims, Judgments, and Relief Acts (20-1895-0-1-808); and (4) intragovernmental transfers. Modifies and/or repeals certain mandatory general and special sequestration rules. Requires an appropriate adjustment for the discretionary spending limit of an outyear if an appropriation for the budget year causes a change in direct spending in that outyear. Amends the Congressional Budget Act of 1974 (CBA) to: (1) repeal the current requirement for adjusting the allocation of discretionary spending in the House of Representatives if a budget resolution is not adopted by April 15, and (2) allow the joint explanatory statement accompanying a conference report on a budget resolution to include an allocation of the level for the global war on terrorism (GWOT) for that fiscal year. Prescribes administrative and legislative procedures for emergency and GWOT adjustments. Amends the CBA to make it out of order in both chambers to consider legislation, if the provisions of such measure have the net effect of increasing direct spending for the current year, the budget year, and the four or nine fiscal years following that budget year. (Thus enforces Cut-As-You-Go.) Repeals Clause 10 of Rule XXI (Restrictions on Certain Bills) of the Rules of the House of Representatives. Amends the CBA to permit waiver or suspension in the Senate of certain prohibitions under such Act and the Gramm-Rudman-Hollings Act, or successful appeals from rulings of the Chair, only by an affirmative vote of three-fifths (60) of the Members.

spending control act amends balanced_budget emergency deficit control act gramm rudman hollings act establish fy2013 fy2021 direct spending limits total spending limits deficit limits prescribes certain deficit control mechanisms sequestration reduction orders period requires office_of_management_and_budget omb congressional_budget_office cbo determine common guidelines prepare estimates conformance guidelines requires omb cbo annual comparisons current ensuing fiscal years projected total deficits specified deficit limits repeals statutory pay act prescribes revises requirements direct total deficit sequestration final reports eliminates pay reports adds following programs activities list exempted sequestration orders obligated balances budget authority carried prior fiscal years federal obligations required paid constitution legally contractual obligations claims judgments relief acts transfers modifies repeals certain mandatory general special sequestration rules requires appropriate adjustment discretionary spending limit appropriation budget year causes change direct spending amends congressional_budget_act cba repeal current requirement adjusting allocation discretionary spending house_of_representatives budget resolution adopted april allow joint explanatory statement accompanying conference report budget resolution include allocation level global war terrorism fiscal year prescribes administrative legislative procedures emergency adjustments amends cba order chambers consider legislation provisions measure net effect increasing direct spending current year budget year fiscal years following budget year enforces cut repeals clause rule xxi restrictions certain bills rules house_of_representatives amends cba permit waiver suspension senate certain prohibitions act gramm rudman hollings act successful appeals rulings chair affirmative vote fifths members


Summary: Biennial Budgeting and Enhanced Oversight Act of 2011 - Amends the Congressional Budget Act of 1974 (CBA) to require: (1) biennial (instead of annual) budget resolutions, (2) biennial appropriations Acts, and (3) biennial government strategic and performance plans. Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year. Makes conforming amendments to the Rules of the House of Representatives, the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), and the CBA.

biennial budgeting enhanced oversight act amends congressional_budget_act cba require biennial instead annual budget resolutions biennial appropriations acts biennial government strategic performance plans defines budget consecutive fiscal years beginning october odd numbered year makes conforming amendments rules house_of_representatives balanced_budget emergency deficit control act gramm rudman hollings act cba


Summary: Baseline Reform Act of 2012 - (Sec. 2) Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to revise the formula for establishing the budget baseline. Revises the annual baseline, for any fiscal year, to mean a projection of current-year levels of new budget authority (as under current law), outlays (as under current law), or receipts (instead of revenues) and the surplus or deficit (as under current law) for the current year, the budget year, and the ensuing nine outyears based on laws enacted through the applicable date. Includes estimates for direct spending in the baseline calculation formula for the budget year and each outyear. Revises the formula for calculating the baseline for discretionary spending for the budget year and each outyear to eliminate adjustments for: (1) expiring multiyear subsidized housing contracts; (2) administrative expenses of the Federal Hospital Insurance Trust Fund, the Supplementary Medical Insurance Trust Fund, the Unemployment Trust Fund, and the Railroad Retirement account; (3) offsets to federal employees' annual pay; and (4) certain inflators used to adjust budgetary resources in the Act. (Sec. 3) Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office (CBO), after the President's budget submission and in addition to the baseline projections, to report a supplemental projection to the congressional budget committees, assuming extension of current tax policy for the fiscal year commencing on October 1 of that year, with a supplemental projection for the 10-fiscal year period beginning with that fiscal year, again assuming the extension of current tax policy. Defines "current tax policy" as the tax policy in statute as of December 31 of the current year, assuming: (1) the budgetary effects of measures extending the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003; (2) the continued application of the alternative minimum tax (AMT) as in effect for taxable years beginning in 2011, with a specified assumption for taxable years beginning after 2011; and (3) the budgetary effects of extending the estate, gift, and generation-skipping transfer tax provisions of title III of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Requires CBO to report to such committees, on or before July 1 of each year, the Long-Term Budget Outlook for: (1) the fiscal year commencing on October 1 of that year, and (2) at least the ensuing 40 fiscal years.

baseline reform_act sec amends balanced_budget emergency deficit control act gramm rudman hollings act revise formula establishing budget baseline revises annual baseline fiscal year mean projection current year levels new budget authority current law outlays current law receipts instead revenues surplus deficit current law current year budget year ensuing outyears based laws enacted applicable date includes estimates direct spending baseline calculation formula budget year revises formula calculating baseline discretionary spending budget year eliminate adjustments expiring multiyear subsidized housing contracts administrative expenses federal_hospital_insurance_trust_fund supplementary_medical_insurance trust_fund unemployment_trust_fund railroad retirement account offsets federal employees annual pay certain adjust budgetary resources act sec amends congressional_budget_act require director congressional_budget_office cbo president budget submission addition baseline projections report supplemental projection congressional_budget committees assuming extension current tax policy fiscal year commencing october year supplemental projection fiscal year period beginning fiscal year assuming extension current tax policy defines current tax policy tax policy statute december current year assuming budgetary effects measures extending economic_growth_and_tax_relief_reconciliation_act jobs_and_growth_tax_relief_reconciliation_act continued application alternative minimum tax amt effect taxable years beginning specified assumption taxable years beginning budgetary effects extending estate gift generation-skipping_transfer_tax_provisions title iii tax relief unemployment insurance reauthorization job creation act requires cbo report committees july year long term budget outlook fiscal year commencing october year ensuing fiscal years


Summary: Balancing Our Obligations for the Long-Term Act of 2011 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish for FY2030-FY2050: (1) direct spending limits, and (2) total spending limits. Prescribes certain deficit control mechanisms (sequestration and reduction orders) for such period. Requires the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) to: (1) determine common scorekeeping guidelines, and (2) prepare estimates in conformance with such guidelines. Prescribes and/or revises requirements for discretionary, direct, total, and deficit sequestration preview and final reports. Eliminates Pay-As-You-Go reports. Adds the following programs and activities to the list exempted from sequestration orders: (1) obligated balances of budget authority carried over from prior fiscal years; (2) federal obligations required to be paid under the U.S. Constitution or legally contractual obligations; (3) Claims, Judgments, and Relief Acts (20-1895-0-1-808); and (4) intragovernmental transfers. Modifies and/or repeals certain mandatory general and special sequestration rules. Amends the Act to establish the baseline for the three 10-fiscal years beginning after the last such outyear based on enacted law, as an estimate of current year levels of budget authority, outlays, or receipts for: (1) discretionary spending; (2) Medicare; (3) Medicaid and other health-related spending; (4) other direct spending; (5) social security; (6) other categories, as appropriate; and (7) net interest. Amends the Congessional Budget Act of 1974 (CBA) to require the Director of the Congressional Budget Office (CBO) to make an annual projection for at least 40 years of total spending, revenue, deficits, and debt beginning with the first fiscal year after the last fiscal year covered in the most recently enacted budget resolution as a percentage of current projected gross domestic product (GDP), based on current law and current law levels as modified to maintain current policy. Requires CBO to issue an annual Spending Review Report on the solvency of the Old-Age, Survivors, and Disability Insurance (OASDI) Trust Fund and the long-range sustainability of the spending levels of Medicare, Medicaid and other health-related spending as well as other direct spending. Prescribes procedures for introduction and expedited consideration in each chamber of spending review legislation if such report indicates OASDI Trust Fund insolvency or the non-sustainability of other specified direct spending. Replaces the requirement that budget resolutions include new budget authority and outlays for each major functional category with a requirement that they include subtotals of new budget authority and outlays for nondefense discretionary spending, defense discretionary spending, Medicare, Medicaid and other health-related spending, other direct spending (excluding interest), contingencies, and net interest. Requires budget resolutions to set forth appropriate levels, as a percent of the current GDP, for total federal revenues, total outlays, debt held by the public, and the surplus or deficit in the budget for the 10th, 20th, and 30th fiscal years after the last fiscal year of the budget resolution (long-term budgeting). Requires inclusion in a budget resolution of specified long-term reconciliation directives. Requires CBO to estimate whether each measure reported from committee (except those under the Committee on Appropriations) causes a net increase in direct spending in excess of $5 billion in any of the four ensuing 10-year periods. Makes it out of order in both chambers to consider any measure that causes such a net increase in deficits. Requires CBO to prepare a specified long-term cost analysis and submit it to the requesting chairman or ranking member of the congressional budget committee or of the committee of jurisdiction for: (1) major legislation reported by any congressional committee, and (2) any bill or resolution requested by such chairman or ranking member. Requires inclusion of specified long-term budgeting in the President's budget submission. Requires the Government Accountability Office (GAO) to report, in the President's budget submission, on the federal government's financial condition, including the long-term unfunded obligations. Amends the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 to revise legislative procedures for congressional consideration of the President's proposed legislation in response to a Medicare funding warning (Medicare trigger). Requires the appropriate chairman of the congressional budget committee to adjust the appropriate allocations, aggregates, and other levels to reflect the budget impact achieved by such introduced legislation for CBA purposes, the Gramm-Rudman-Hollings Act, the Rules of the House of Representatives, or the Standing Rules of the Senate.

balancing obligations long term act amends balanced_budget emergency deficit control act gramm rudman hollings act establish direct spending limits total spending limits prescribes certain deficit control mechanisms sequestration reduction orders period requires office_of_management_and_budget omb congressional_budget_office cbo determine common guidelines prepare estimates conformance guidelines prescribes revises requirements discretionary direct total deficit sequestration final reports eliminates pay reports adds following programs activities list exempted sequestration orders obligated balances budget authority carried prior fiscal years federal obligations required paid constitution legally contractual obligations claims judgments relief acts transfers modifies repeals certain mandatory general special sequestration rules amends act establish baseline fiscal years beginning based enacted law estimate current year levels budget authority outlays receipts discretionary spending medicare medicaid health related spending direct spending social_security categories appropriate net interest amends budget act cba require director congressional_budget_office cbo annual projection years total spending revenue deficits debt beginning fiscal year fiscal year covered recently enacted budget resolution percentage current projected gross domestic product gdp based current law current law levels modified maintain current policy requires cbo issue annual spending review report solvency old age survivors disability_insurance oasdi trust_fund long range sustainability spending levels medicare medicaid health related spending direct spending prescribes procedures introduction expedited consideration chamber spending review legislation report indicates oasdi trust_fund insolvency non sustainability specified direct spending replaces requirement budget resolutions include new budget authority outlays major functional category requirement include new budget authority outlays nondefense discretionary spending defense discretionary spending medicare medicaid health related spending direct spending excluding interest contingencies net interest requires budget resolutions set forth appropriate levels percent current gdp total federal revenues total outlays debt held public surplus deficit budget 10th 20th 30th fiscal years fiscal year budget resolution long term budgeting requires inclusion budget resolution specified long term reconciliation directives requires cbo estimate measure reported committee committee appropriations causes net increase direct spending excess billion ensuing year periods makes order chambers consider measure causes net increase deficits requires cbo prepare specified long term cost analysis submit requesting chairman ranking member congressional_budget committee committee jurisdiction major legislation reported congressional committee bill resolution requested chairman ranking member requires inclusion specified long term budgeting president budget submission requires government_accountability_office gao report president budget submission federal_government financial condition including long term unfunded obligations amends medicare_prescription_drug improvement modernization act revise legislative procedures congressional consideration president proposed legislation response medicare funding warning medicare trigger requires appropriate chairman congressional_budget committee adjust appropriate allocations aggregates levels reflect budget impact achieved introduced legislation cba purposes gramm rudman hollings act rules house_of_representatives standing rules senate


Summary: Budget and Accounting Transparency Act of 2012 - Title I: Fair Value Estimates - (Sec. 101) Amends the Federal Credit Reform Act of 1990 (FCRA) (title V of the Congressional Budget Act of 1974 [CBA]) to revise the budgetary treatment of federal direct loans and loan guarantees to account for them on a fair value basis (currently, a FCRA accrual basis). Requires the President's budget from FY1992 on to reflect the Treasury discounting component of direct loan and loan guarantee programs. Defines the "Treasury discounting component" as the estimated long-term cost to the federal government of a direct loan or loan guarantee (or modification) calculated on a net present value basis, excluding administrative costs and any incidental effects on governmental receipts or outlays. Revises other requirements for the President's budget, beginning with FY2015, including conditions for new direct loans or loan guarantee commitments. Requires new budget authority for such loans or loan guarantee commitments to be provided in advance in an appropriation Act. Exempts a direct loan or loan guarantee program that constitutes an entitlement (such as the guaranteed student loan program or the veteran's home loan guaranty program), all existing credit programs of the Commodity Credit Corporation (CCC), or any direct loan or loan guarantee made by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) from: (1) the above requirement, and (2) the prohibition against modification of an outstanding direct loan or loan guarantee in a manner that increases its costs unless budget authority for the additional cost has been provided in advance in an appropriation Act. Repeals the general authorization of appropriations to federal agencies for the cost associated with such direct loan obligations or loan guarantee commitments. Revises requirements for Treasury transactions with financing accounts (nonbudget accounts associated with each program account which holds balances, receives the cost payment from the program account, and also includes all other cash flows to and from the federal government resulting from direct loan obligations or loan guarantee commitments made on or after October 1, 1991). Limits the availability of amounts in liquidating accounts to specified payments resulting from direct loan obligations or loan guarantee commitments made before October 1, 1991. (Sec. 103) Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to treat a change in discretionary spending solely as a result of the amendment to title V of the CBA made by this Act as a change of concept (requiring adjustments to discretionary spending limits). Requires the Office of Management and Budget (OMB), before adjusting such discretionary spending limits, to report to the congressional budget committees on the amount of that adjustment, the methodology used in determining it, and a program-by-program itemization of its components. Prohibits OMB from making such an adjustment until 60 days after making such a report. Title II: Budgetary Treatment - (Sec. 201) Requires each of the Directors of the Congressional Budget Office (CBO) and of the Office of Management and Budget (OMB) to study and make recommendations to the congressional budget committees on the feasibility of applying fair value concepts to budgeting for the costs of federal insurance programs. (Sec. 202) Requires the receipts and disbursements, including the administrative expenses, of the GSEs to be counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of: (1) the President's budget, (2) the congressional budget, and (3) the Gramm-Rudman-Hollings Act. (Sec. 203) Terminates mandatory on-budget status treatment for a GSE after all of the following occurs: (1) its conservatorship has been terminated; (2) the Director of the Federal Housing Finance Agency (FHFA) has certified in writing that the GSE has repaid to the federal government the maximum amount consistent with minimizing the total federal cost of the financial assistance provided to the GSE; and (3) its charter has been revoked, annulled, or terminated and its authorizing statute has been repealed. Title III: Budget Review and Analysis - (Sec. 301) Requires OMB to: (1) study the history of offsetting collections against expenditures and the amount of receipts collected annually, especially the historical application of the budgetary terms "revenue," "offsetting collections," and "offsetting receipts"; and (2) review the application of those terms and make recommendations to the congressional budget committees on whether such usage should be continued or modified. Requires CBO to review the history and the recommendations and submit its own comments and recommendations to those committees. (Sec. 302) Requires any federal agency, whenever it prepares and submits written budget justification materials for any congressional committee, to post them on the same day as its submission on the "open" page of its public website. Requires OMB to: (1) post the budget justification in a centralized location on its website in an OMB developed format, and (2) notify each federal agency of the format in which to post it.

budget accounting transparency_act title fair value estimates sec amends federal credit reform_act fcra title congressional_budget_act cba revise budgetary treatment federal direct_loans loan guarantees account fair value basis currently fcra accrual basis requires president budget fy1992 reflect treasury discounting component direct_loan loan guarantee programs defines treasury discounting component estimated long term cost federal_government direct_loan loan guarantee modification calculated net present value basis excluding administrative costs incidental effects governmental receipts outlays revises requirements president budget beginning fy2015 including conditions new direct_loans loan guarantee commitments requires new budget authority loans loan guarantee commitments provided advance appropriation act exempts direct_loan loan guarantee program constitutes entitlement guaranteed student loan program veteran home loan guaranty program existing credit programs commodity_credit_corporation ccc direct_loan loan guarantee federal_national_mortgage_association fannie_mae federal_home_loan_mortgage_corporation freddie_mac government sponsored enterprises gses requirement prohibition modification outstanding direct_loan loan guarantee manner increases costs budget authority additional cost provided advance appropriation act repeals general authorization appropriations federal agencies cost associated direct_loan obligations loan guarantee commitments revises requirements treasury transactions financing accounts accounts associated program account holds balances receives cost payment program account includes cash flows federal_government resulting direct_loan obligations loan guarantee commitments october limits availability amounts liquidating accounts specified payments resulting direct_loan obligations loan guarantee commitments october sec amends balanced_budget emergency deficit control act gramm rudman hollings act treat change discretionary spending solely result amendment title cba act change concept requiring adjustments discretionary spending limits requires office_of_management_and_budget omb adjusting discretionary spending limits report congressional_budget committees adjustment methodology determining program program itemization components prohibits omb making adjustment days making report title budgetary treatment sec requires directors congressional_budget_office cbo office_of_management_and_budget omb study recommendations congressional_budget committees feasibility applying fair value concepts budgeting costs federal insurance programs sec requires receipts disbursements including administrative expenses gses counted new budget authority outlays receipts deficit surplus purposes president budget congressional_budget gramm rudman hollings act sec terminates mandatory budget status treatment gse following occurs conservatorship terminated director federal_housing_finance_agency fhfa certified writing gse repaid federal_government maximum consistent minimizing total federal cost financial assistance provided gse charter revoked terminated authorizing statute repealed title iii budget review analysis sec requires omb study history offsetting collections expenditures receipts collected annually especially historical application budgetary terms revenue offsetting collections offsetting receipts review application terms recommendations congressional_budget committees usage continued modified requires cbo review history recommendations submit comments recommendations committees sec requires federal agency prepares submits written budget justification materials congressional committee post day submission open page public website requires omb post budget justification centralized location website omb developed format notify federal agency format post


Summary: Restore the American Dream for the 99% Act or Act for the 99% - Title I: Emergency Job Creation to Rebuild America - Emergency Jobs to Restore the American Dream Act - Directs the Secretary of Education to make grants to states for: (1) subgrants to local education agencies (LEAs) to modernize, renovate, or repair public school facilities; and (3) grants to pay maintenance costs. Requires LEAs to use such funds, to the maximum extent practicable, for green schools. Authorizes appropriations to the Secretary for grants to institutions of higher education for an additional 250,000 part-time work-study jobs for students (Student Jobs Corps). Authorizes appropriations to the Secretary of Agriculture and to the Secretary of the Interior to create additional 100,000 positions in the Public Lands Corps. Authorizes the President to establish a Civilian Conservation Corps for specified activities in federal or state lands. Authorizes appropriations for: (1) a Teacher Corps in elementary and secondary schools; (2) a Community Oriented Policing Services (COPS) program to hire an additional 40,000 state, local, and tribal career law enforcement officers; (3) a Firefighters Corps program to hire an additional 12,000 firefighters; and (4) a Community Corps to create an additional 750,000 jobs to perform energy audits, conservation upgrades, recycling, initial demanufacturing activities, urban land reclamation, rural conservation, public property maintenance and beautification, housing rehabilitation, and new housing construction. Authorizes the Secretary of Health and Human Services (HHS) to grant financial assistance to health care or long-term care (LTC) providers to pay the costs of hiring and retaining additional health care or LTC professionals (Health Care Corps). Amends the Head Start Act to direct the Secretary of HHS to provide funds to Early Head Start programs to hire additional infant and toddler specialists. Makes appropriations to the Employment and Training Administration of the Department of Labor solely for on-the-job training. Buy American Enhancement Act of 2011 - Prescribes Buy American requirements for items purchased under this Act. Fairness and Transparency in Contracting Act of 2011 - Amends the Small Business Act to redefine independently owned and operated small business concerns to exclude publicly traded business concerns and subsidiaries as well as foreign-owned business concerns and subsidiaries. Requires the Administrator of the Small Business Administration (SBA) to report annually on prime federal contracts awarded to small business concerns for the purposes of achieving specified small business contracting goals of the federal government. National Infrastructure Development Bank Act of 2011 - Establishes the National Infrastructure Development Bank (NIDB) as a wholly owned government corporation to provide financial assistance for transportation, environmental, energy, and telecommunications infrastructure projects of regional or national significance contributing to economic growth and job creation. Wounded Veteran Job Security Act - Amends the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA) to include as service in the uniformed services any period for which a person is absent from a position of employment for the purpose of obtaining medical treatment for a service-connected injury or illness or one for which a "line of duty" document has been granted by the Secretary of Defense (DOD). Prescribes documentation requirements for an applicant for reemployment due to an absence for the purpose of obtaining such medical treatment. Emergency Unemployment Compensation Extension Act of 2011 - Amends the Supplemental Appropriations Act, 2008 to extend until January 4, 2013, any federal-state agreement to make emergency unemployment compensation (EUC) payments. Amends the Assistance for Unemployed Workers and Struggling Families Act to extend until January 4, 2013, full federal funding of extended unemployment compensation. Emergency Unemployment Compensation Expansion Act of 2011 - Amends the Supplemental Appropriations Act, 2008 to authorize a state, if implementation of first-tier EUC would unduly delay the prompt EUC payments, to elect to pay second-tier, third-tier, or fourth-tier EUC. Currency Reform for Fair Trade Act - Amends the Tariff Act of 1930 to include as a "countervailable subsidy" requiring action under a countervailing duty or antidumping duty proceeding the benefit conferred on merchandise imported into the United States from foreign countries with fundamentally undervalued currency. Prioritize Emergency Job Creation Act - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) with respect to the designation of FY2012-FY2021 appropriations for discretionary accounts for emergency job creation. Fair Employment Opportunity Act of 2011 - Declares it an unlawful practice for certain employers with at least 15 employees for each working day in each of at least 20 calendar weeks in the current or preceding calendar year to: (1) refuse to consider or offer employment to an individual based on present or past unemployment regardless of the length of time such individual was unemployed; (2) publish an advertisement or announcement for any job with provisions indicating that such an unemployed status disqualifies an individual and that an employer will not consider an applicant based on such status; and (3) direct or request that an employment agency account for such status when screening or referring applicants. Prohibits an employment agency (including agents and persons maintaining a website publishing job advertisements or announcements), based on such an individual's status as unemployed, from: (1) refusing to consider or refer an individual for employment; (2) limiting, segregating, or classifying individuals in any manner limiting access to job information; or (3) publishing an advertisement or announcement for any job vacancy that includes provisions indicating that such an individual is disqualified and that an employer will not consider such individuals. New Jobs for America Act of 2011 - Directs the Secretary of Labor, subject to the availability of appropriations, to make grants to state and local governments and Indian tribes to carry out employment training programs to aid unemployed individuals in securing employment in a new area of expertise, particularly in emerging markets and industries (such as green technologies). Makes certain funds available to the Secretary of Transportation (DOT) for restoration, repair, construction, and other eligible surface transportation activities as well as for passenger and freight rail transportation and port infrastructure projects. Jobs NOW Act - Amends title IV part A (Grants to States for Temporary Assistance for Needy Families) (TANF) of the Social Security Act (SSA) to establish in the Treasury the Emergency Contingency Fund for State Temporary Assistance for Needy Families Programs. Amends the Gramm-Rudman-Hollings Act to repeal new discretionary spending limits. Title II: Responsible Savings and Fair Taxation - Responsible End to the War in Afghanistan Act - Limits the obligation and expenditure of funds for operations of the Armed Forces in Afghanistan to the safe and orderly withdrawal from Afghanistan of all members of the Armed Forces and Department of Defense (DOD) contractor personnel. Defense and Deficit Reduction Act - Freezes the aggregate amount of funds made available for DOD-administered military functions (other than military personnel pay, health benefits, and drug interdiction and counter-drug activities) at: (1) the FY2008 level for FY2011, and (2) the previous fiscal year level for each of FY2012-FY2016. Places a permanent ceiling of 30,000 per fiscal year (with certain exceptions) on the end strength level of members of the Armed Forces assigned to permanent onshore duty in Europe and corresponding general end strength reductions. Specifies the breakdown of end strength levels for each of the services. Terminates the V-22 Osprey aircraft program as of FY2012. Amends the Internal Revenue Code to raise the basic range of income taxed at: (1) 15% from a maximum of $36,900 to a maximum of $69,000, (2) 28% from $36,900-$89,150 to $69,000-$139,350, (3) 31% from S89,150-$140,000 to $212,300-$379,150, (4) from $140,000-$ 250,000 to $379,150-$1 million, and (5) $39.6% from $250,000-and-over to $1 million-$10 million. Prescribes new tax rates of 45%, 46%, 47%, 48%, and 49% for specified income levels above $10 million to $1 billion-and-over. Specifies the breakdown of such tax rates for heads of households, unmarried individuals, and married individuals filing separate returns. Prescribes a special rule for recapture of lower capital gains rates for individuals subject to at least a 45% rate bracket. End Big Oil Tax Subsidies Act of 2011 - Revises requirements for the amortization of geological and geophysical expenditures to convert the special tax rule for major integrated oil companies into a special rule for covered large oil companies (a major integrated oil company or a taxpayer with taxable year gross receipts exceeding $50 million. Denies taxpayers who are not small, independent oil and gas companies: (1) the tax credit for production of oil and gas from marginal wells, (2) the enhanced oil recovering tax credit, (3) the deduction for the intangible drilling and development costs of oil and gas wells, (4) the percentage depletion allowance, (5) the deduction for tertiary injectant expenses, (6) the exclusion from (and consequently subjection to) the disallowance passive activity losses and credits, and (7) the deduction for a portion of income derived from domestic production activities.Prohibits a major integrated oil company from using last-in, first-out (LIFO) tax accounting. Prescribes a special rule to deny to a dual capacity taxpayer a foreign tax credit for certain amounts paid or accrued to a foreign country or U.S. possession with respect to combined foreign oil and gas income. Superfund Reinvestment Act - Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) to authorize the use of amounts in the Hazardous Substance Superfund for environmental cleanup costs authorized by such Act. Amends the Internal Revenue Code to reinstate until December 31, 2018, the Hazardous Substance Superfund financing rate and the corporate environmental income tax and extend the borrowing authority of the Superfund through 2021. Wall Street Trading and Speculators Tax Act - Amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security: (1) if such purchase occurs on a trading facility located in the United States, or (2) the purchaser or seller is a U.S. person. Extends through calendar year 2012 the making work pay tax credit. Employee Misclassification Prevention Act - Amends the Fair Labor Standards Act of 1938 (FLSA) to require every person to: (1) keep records of non-employees (contractors) who perform labor or services (except substitute work), including through an entity such as a trust, estate, partnership, association, company, or corporation, for remuneration; and (2) provide certain notice to each new employee and new non-employee, including classification as an employee or non-employee and information concerning their rights under the law. Makes it unlawful for any person to: (1) discharge or otherwise discriminate against an individual (including an employee) who has opposed any practice, or filed a complaint or instituted any proceeding related to this Act, including with respect to an individual's status as an employee or non-employee; and (2) fail to classify accurately an employee or non-employee. Doubles the amount of liquidated damages for maximum hours, minimum wage, and notice of classification violations by an employer. Directs the Secretary of Labor to establish a page on the Department of Labor website that summarizes the rights of employees under this Act. Amends SSA to require, as a condition for a federal grant for the administration of state unemployment compensation, for the state's unemployment compensation law to include a provision for: (1) auditing programs that identify employers that have not registered under the state law or that are paying unreported compensation where the effect is to exclude employees from unemployment compensation coverage, and (2) establishing administrative penalties for misclassifying employees or paying unreported unemployment compensation to employees. Corporate Assets Should be Used to Hire Act - Amends the Internal Revenue Code to impose on domestic corporations in taxable years beginning in 2011 or 2012 an additional 40% tax on the excess of their retained earnings over their average retained earnings for the preceding 3 taxable years. Exempts certain corporations from such tax, including corporations with retained earnings of less than $5 million in a taxable year. Title III: Protect and Strengthen Social Security, Medicare, and Medicaid - Public Option Deficit Reduction Act - Amends the Patient Protection and Affordable Care Act to require the Secretary of Health and Human Services (HHS) to offer through Exchanges a health benefits plan (public health insurance option) that ensures choice, competition, and stability of affordable, high-quality coverage throughout the United States. Requires the Secretary to: (1) establish an office of the ombudsman for the public health insurance option, and (2) establish geographically adjusted premiums at a level sufficient to fully finance the costs of the health benefits provided and related administrative costs. Requires repayment of start-up costs for the public health insurance option. Medicare Prescription Drug Price Negotiation Act of 2011 - Amends part D (Voluntary Prescription Drug Benefit Program) of SSA title XVIII (Medicare) to direct the Secretary of Health and Human Services (HHS) to negotiate with pharmaceutical manufacturers the prices that may be charged to Medicare part D prescription drug plan (PDP) sponsors and MedicareAdvantage (MA) organizations for covered part D drugs for part D eligible individuals who are enrolled under a PDP or under an MA-Prescription Drug (MA-PD) plan. Medicaid Enhancement and Emergency Job Creation Act of 2011 - Amends the American Recovery and Reinvestment Act of 2011 (ARRA) to extend through FY2012 the increase in the federal medical assistance percentage (FMAP) under SSA title XIX (Medicaid). Keeping Our Social Security Promises Act - Amends the Internal Revenue Code to apply employment and self-employment taxes to remuneration up to the contribution and benefit base and to remuneration in excess of $250,000.

restore american dream act act title emergency job creation rebuild america emergency jobs restore american dream act_-_directs secretary education grants states subgrants local education agencies leas modernize renovate repair public school facilities grants pay maintenance costs requires leas use funds maximum extent practicable green schools authorizes appropriations secretary grants institutions higher education additional time work study jobs students student jobs corps authorizes appropriations secretary agriculture secretary interior create additional positions public_lands_corps authorizes president establish civilian conservation corps specified activities federal state lands authorizes appropriations teacher corps elementary secondary schools community oriented policing services cops program hire additional state local tribal career law enforcement officers firefighters corps program hire additional firefighters community corps create additional jobs perform energy audits conservation upgrades recycling initial activities urban land reclamation rural conservation public property maintenance housing rehabilitation new housing construction authorizes secretary health_and_human_services hhs grant financial assistance health_care long-term_care ltc providers pay costs hiring retaining additional health_care ltc professionals health_care corps amends head_start act direct secretary hhs provide funds early head_start programs hire additional infant toddler specialists makes appropriations employment_and_training_administration department_of_labor solely job training buy american enhancement_act prescribes buy american requirements items purchased act fairness transparency contracting act amends small_business_act redefine independently owned operated small business concerns exclude publicly traded business concerns subsidiaries foreign owned business concerns subsidiaries requires administrator small_business_administration sba report annually prime federal contracts awarded small business concerns purposes achieving specified small business contracting goals federal_government national infrastructure development bank act establishes national infrastructure development bank wholly owned government corporation provide financial assistance transportation environmental energy telecommunications infrastructure projects regional national significance contributing economic growth job creation wounded veteran job security act_-_amends uniformed_services_employment_and_reemployment_rights_act userra include service uniformed_services period person absent position employment purpose obtaining medical treatment service connected injury illness line duty document granted secretary defense dod prescribes documentation requirements applicant reemployment absence purpose obtaining medical treatment emergency unemployment compensation extension act amends supplemental appropriations act extend january federal state agreement emergency unemployment compensation euc payments amends assistance_for_unemployed_workers struggling families act extend january federal funding extended unemployment compensation emergency unemployment compensation expansion act amends supplemental appropriations act authorize state implementation tier euc unduly delay prompt euc payments elect pay second tier tier fourth tier euc currency reform fair trade act_-_amends tariff act include countervailable subsidy requiring action countervailing duty antidumping duty proceeding benefit conferred merchandise imported united_states foreign countries fundamentally undervalued currency prioritize emergency job creation act_-_amends balanced_budget emergency deficit control act gramm rudman hollings act respect designation fy2012-fy2021 appropriations discretionary accounts emergency job creation fair employment opportunity act declares unlawful practice certain employers employees working day calendar weeks current preceding calendar year refuse consider offer employment individual based present past unemployment regardless length time individual unemployed publish advertisement announcement job provisions indicating unemployed status disqualifies individual employer consider applicant based status direct request employment agency account status screening referring applicants prohibits employment agency including agents persons maintaining website publishing job advertisements announcements based individual status unemployed refusing consider refer individual employment limiting classifying individuals manner limiting access job information publishing advertisement announcement job vacancy includes provisions indicating individual disqualified employer consider individuals new jobs america act directs secretary labor subject availability appropriations grants state local governments indian tribes carry employment training programs aid unemployed individuals securing employment new area expertise particularly emerging markets industries green technologies makes certain funds available secretary transportation dot restoration repair construction eligible surface_transportation activities passenger freight rail transportation port infrastructure projects jobs act_-_amends title grants states temporary_assistance needy families tanf social_security_act ssa establish treasury emergency contingency fund state temporary_assistance needy families programs amends gramm rudman hollings act repeal new discretionary spending limits title responsible savings fair taxation responsible end war afghanistan act limits obligation expenditure funds operations armed_forces afghanistan safe orderly withdrawal afghanistan members armed_forces department_of_defense dod contractor personnel defense deficit reduction act freezes aggregate funds available dod administered military functions military personnel pay health benefits drug interdiction counter drug activities fy2008 level fy2011 previous fiscal year level fy2012-fy2016 places permanent ceiling fiscal year certain exceptions end strength level members armed_forces assigned permanent onshore duty europe corresponding general end strength reductions specifies breakdown end strength levels services terminates aircraft program fy2012 amends_the_internal_revenue_code raise basic range income taxed maximum maximum million million prescribes new tax rates specified income levels million billion specifies breakdown tax rates heads households unmarried individuals married individuals filing separate returns prescribes special rule recapture lower capital gains rates individuals subject rate bracket end big oil tax subsidies act revises requirements amortization geological geophysical expenditures convert special tax rule major integrated oil companies special rule covered large oil companies major integrated oil company taxpayer taxable year gross receipts exceeding million denies taxpayers small independent oil gas companies tax credit production oil gas marginal wells enhanced oil recovering tax credit deduction intangible drilling development costs oil gas wells percentage depletion allowance deduction tertiary injectant expenses exclusion disallowance passive activity losses credits deduction portion income derived domestic production activities prohibits major integrated oil company lifo tax accounting prescribes special rule deny dual capacity taxpayer foreign tax credit certain amounts paid accrued foreign country possession respect combined foreign oil gas income reinvestment act_-_amends comprehensive environmental response compensation liability act cercla authorize use amounts hazardous_substance_superfund environmental cleanup costs authorized act amends_the_internal_revenue_code reinstate december hazardous_substance_superfund financing rate corporate environmental income tax extend borrowing authority wall street trading tax act amends_the_internal_revenue_code impose excise tax purchase security purchase occurs trading facility located united_states purchaser seller person extends calendar year making work pay tax credit employee misclassification prevention act_-_amends fair labor standards act flsa require person records non employees contractors perform labor services substitute work including entity trust estate partnership association company corporation remuneration provide certain notice new employee new non employee including classification employee non employee information concerning rights law makes unlawful person discharge discriminate individual including employee opposed practice filed complaint instituted proceeding related act including respect individual status employee non employee fail classify accurately employee non employee doubles liquidated damages maximum hours minimum wage notice classification violations employer directs secretary labor establish page department_of_labor website summarizes rights employees act amends ssa require condition federal grant administration state unemployment compensation state unemployment compensation law include provision auditing programs identify employers registered state law paying unreported compensation effect exclude employees unemployment compensation coverage establishing administrative penalties employees paying unreported unemployment compensation employees corporate assets hire act amends_the_internal_revenue_code impose domestic corporations taxable years beginning additional tax excess retained earnings average retained earnings preceding taxable years exempts certain corporations tax including corporations retained earnings million taxable year title iii protect strengthen social_security medicare medicaid public option deficit reduction act_-_amends patient_protection affordable care act require secretary health_and_human_services hhs offer exchanges health benefits plan public health insurance option ensures choice competition stability affordable high quality coverage united_states requires secretary establish office_of_the_ombudsman public health insurance option establish geographically adjusted premiums level sufficient fully finance costs health benefits provided related administrative costs requires repayment start costs public health insurance option medicare_prescription_drug price negotiation act amends voluntary prescription drug benefit program ssa title xviii medicare direct secretary health_and_human_services hhs negotiate pharmaceutical manufacturers prices charged medicare prescription drug plan pdp sponsors medicareadvantage organizations covered drugs eligible individuals enrolled pdp ma-prescription_drug ma-pd plan medicaid enhancement emergency job creation act amends american_recovery_and_reinvestment_act arra extend fy2012 increase federal medical assistance percentage fmap ssa title xix medicaid keeping social_security promises act amends_the_internal_revenue_code apply employment self employment taxes remuneration contribution benefit base remuneration excess


Summary: Down Payment to Protect National Security Act of 2011 - Requires the Director of the Office of Management and Budget (OMB) to determine the number of full-time employees employed in each federal agency. Prohibits a federal agency head from hiring more than 1 employee for every 3 full-time employees who leave employment in such agency until the OMB Director makes a determination that the number of full-time federal employees is 10% less than the initial level as determined by OMB.  Allows a waiver of such workforce limitation by the President for national security reasons or in the case of an extraordinary emergency. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), as amended by the Budget Control Act of 2011, to offset mandatory sequestration in security and nonsecurity categories in FY2013 with revenues resulting from reductions in the federal workforce under this Act.

payment protect national security act requires director office_of_management_and_budget omb determine number time employees employed federal agency prohibits federal agency head hiring employee time employees leave employment agency omb director makes determination number time federal employees initial level determined omb allows waiver workforce limitation president national security reasons case extraordinary emergency amends balanced_budget emergency deficit control act gramm rudman hollings act amended budget_control_act offset mandatory sequestration security nonsecurity categories fy2013 revenues resulting reductions federal workforce act


Summary: Budget Process Improvement Act of 2011 - Amends the Congressional Budget Act of 1974 (CBA) to require: (1) the Director of the Congressional Budget Office (CBO) to include a descriptive analysis for the second decade budget impact of a measure when submitting a cost estimate of it, and (2) the Joint Committee on Taxation (JCT) to provide such an analysis when its submitting revenue estimates to CBO. Requires the Office of Management and Budget (OMB) to publish a report on the size, scope, risk, and cost of the contingent federal liabilities, including the implicit guarantees to government sponsored enterprises (GSEs) such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Requires the Secretary of the Treasury to conduct performance reviews of JCT identified tax expenditures on an ongoing basis. Requires OMB to: (1) develop a proposal for the implementation of an accrual-based accounting system for certain portions of the budget, and (2) report to Congress on legislation necessary to implement such system. Requires CBO, in conjunction with JCT, to publish a report that projects annual federal revenues by source over the next 10 fiscal years and includes a discussion of the assumptions used to project such revenues. Amends the CBA to require: (1) biennial (instead of annual) budget resolutions, (2) biennial appropriations Acts, and (3) biennial government strategic and performance plans. Makes conforming amendments to the Rules of the House of Representatives. Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year. Requires: (1) a federal agency, upon request by a congressional committee, to provide appropriate information regarding its appropriations requests and program administration; (2) the Comptroller General to furnish to such committee summaries of any audits or reviews of such program which the Comptroller General has completed during the preceding six years; and (3) the Comptroller General, Director of the Congressional Budget Office (CBO), and the Director of the Congressional Research Service (CRS) to furnish such committee appropriate information, studies, analyses, and reports. Requires the Director of the Office of Management and Budget (OMB) to determine and report to Congress on the impact and feasibility of changing the definition of a fiscal year, and the budget process based on that definition, to a two-year fiscal period with a biennial budget process based on such period. Requires the President's budget submission for FY2014 to include: (1) an identification of the budget accounts for which an appropriation should be made for each fiscal year of the FY2014-FY2015 biennium, and (2) budget authority that should be provided for each such fiscal year for the budget accounts. Directs: (1) the House and Senate committees, during the first session of the 113th Congress, to work with the Comptroller General to develop plans to transition program authorizations to a multi-year schedule; and (2) the Comptroller General, during such Congress, to continue to provide assistance to Congress with respect to programmatic oversight, and in particular to assist the congressional committees in designing and conforming programmatic oversight procedures for FY2014-FY2015 biennium.

budget process improvement act amends congressional_budget_act cba require director congressional_budget_office cbo include descriptive analysis second decade budget impact measure submitting cost estimate joint_committee_on_taxation provide analysis submitting revenue estimates cbo requires office_of_management_and_budget omb publish report size scope risk cost contingent federal liabilities including implicit guarantees government sponsored enterprises gses federal_national_mortgage_association fannie_mae federal_home_loan_mortgage_corporation freddie_mac requires secretary treasury conduct performance reviews identified tax expenditures ongoing basis requires omb develop proposal implementation accrual based accounting system certain portions budget report congress legislation necessary implement system requires cbo conjunction publish report projects annual federal revenues source fiscal years includes discussion assumptions project revenues amends cba require biennial instead annual budget resolutions biennial appropriations acts biennial government strategic performance plans makes conforming amendments rules house_of_representatives defines budget consecutive fiscal years beginning october odd numbered year requires federal agency request congressional committee provide appropriate information appropriations requests program administration comptroller_general furnish committee summaries audits reviews program comptroller_general completed preceding years comptroller_general director congressional_budget_office cbo director congressional_research_service crs furnish committee appropriate information studies analyses reports requires director office_of_management_and_budget omb determine report congress impact feasibility changing definition fiscal year budget process based definition year fiscal period biennial budget process based period requires president budget submission fy2014 include identification budget accounts appropriation fiscal year fy2014 fy2015 budget authority provided fiscal year budget accounts directs house senate_committees session congress work comptroller_general develop plans transition program authorizations multi year schedule comptroller_general congress continue provide assistance congress respect programmatic oversight particular assist congressional committees designing conforming programmatic oversight procedures fy2014 fy2015


Summary: Budget Before Borrowing Act of 2012 - Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill or joint resolution, amendment, or conference report to extend the public debt limit unless a concurrent resolution on the budget has been agreed to and is in effect for the fiscal year during which such measure is being considered. Permits: (1) waiver or suspension of this prohibition in either chamber only by an affirmative vote of two-thirds of its Members, and (2) its successful appeal from the ruling of the Chair in the Senate only by an affirmative vote of two-thirds of its Members.

budget borrowing act amends congressional_budget_act order chambers consider bill joint resolution amendment conference report extend public debt limit concurrent resolution budget agreed effect fiscal year measure considered permits waiver suspension prohibition chamber affirmative vote thirds members successful appeal ruling chair senate affirmative vote thirds members


Summary: Honest Budget Act of 2012 - Amends procedures in the Congressional Budget Act of 1974 that make it out of order in the Senate to consider appropriations legislation until the Senate agrees to a concurrent resolution on the budget. Permits waivers or suspension of such requirements, or successful appeals from a ruling of the Chair, by an affirmative vote of three-fifths (60) of the Senate. Makes it out of order in either chamber to consider certain bills, joint resolutions, or conference reports that designate as: (1) an emergency requirement any provision that creates discretionary or direct spending or decreases revenues, or (2) being for disaster relief. Requires an affirmative vote of three-fifths of the Members to successfully appeal a ruling of the Chair on a point of order against such a measure. Establishes a procedure for emergency designations by amendment. Makes it out of order in the House of Representatives to consider a rule or order that waives the application of such prohibitions against consideration of such measures or amendments. Amends the Federal Credit Reform Act of 1990 (FCRA) to revise the budgetary treatment of federal direct loans and loan guarantees to account for them on a fair value basis (currently, a FCRA accrual basis). Expands such new budgetary treatment to financial investments beginning in FY2015. Defines "financial investment" as a federal government investment in any securities (debt or equity) or futures, swaps, or other derivatives, issued by a non-federal entity, regardless of whether the issuances are federally guaranteed, or issued by a federal entity if the issuance consists of marketable securities. Requires the President's budget: (1) from FY1992 on to reflect the Treasury discounting component of direct loan and loan guarantee programs; and (2) from FY2015 on to reflect the costs of direct loan, loan guarantee, and financial investment programs. Defines "Treasury discounting component" as the estimated long-term cost to the federal government of a direct loan, loan guarantee, or financial investment calculated on a net present value basis, excluding administrative costs and any incidental effects on governmental receipts or outlays. Revises other requirements for the President's budget including conditions for new direct loan obligations incurred and loan guarantee commitments made for FY1992 and thereafter, and new financial investment commitments for FY2015 and thereafter. Requires new budget authority for such loans or loan guarantee or financial investment commitments to be provided in advance in an appropriations Act. Exempts a direct loan or loan guarantee program that constitutes an entitlement (such as the guaranteed student loan program or the veteran's home loan guaranty program) as well as all existing credit programs of the Commodity Credit Corporation (CCC) from: (1) the above requirement; and (2) the prohibition against modification of an outstanding direct loan, loan guarantee, or financial investment in a manner that increases its costs unless budget authority for the additional cost has been provided in advance in an appropriations Act. Revises requirements for Treasury transactions with financing accounts (nonbudget accounts associated with each program account which holds balances, receives the cost payment from the program account, and also includes all other cash flows to and from the federal government resulting from such obligations or commitments made on or after October 1, 1991). Limits the availability of amounts in liquidating accounts to specified payments resulting from direct loan obligations or loan guarantee commitments made before October 1, 1991. Prescribes requirements for consideration of legislation in both chambers after agreement on a budget resolution (in effect, extending a point of order against certain changes in mandatory programs to all such programs in appropriations bills). Prohibits the congressional budget committees from counting rescissions of budget authority that do not result in outlay savings over the period covered by a budget resolution when determining the levels of new budget authority, outlays, direct spending, new entitlement authority, and revenues for a fiscal year. Suspends within-grade step increases in the compensation of certain federal employees from the date of enactment of this Act until December 31, 2012. Makes it out of order in both chambers to consider any legislation that would provide an advance appropriation, except for specified programs or activities, including the Employment and Training Administration, education for the disadvantaged, Head Start, rental assistance, the Corporation for Public Broadcasting, and veterans' medical services. Allows: (1) waiver of this rule in either chamber by an affirmative vote of three-fifths of the Members; and (2) successful appeals in the Senate from the ruling of the Chair, only by an affirmative vote of three-fifths (60). Makes it out of order in the House, notwithstanding the allowance of such a waiver by the vote of a super-majority, to consider a rule or order that waives the application of such prohibition. Prohibits shifts in outlays or revenues from one year to another by a date change to act as an offset for other provisions that increase the deficit for a time period. Makes it out of order in the House to consider a rule or order that waives the application of such prohibition. Prescribes a budget scoring rule for transfers from the Treasury General Fund to the Highway Trust Fund that increase the level of indebtedness subject to the current applicable statutory public debt limit. Makes it out of order in the House to consider a rule or order that waives the application of such requirement.

honest budget act amends procedures congressional_budget_act order senate consider appropriations legislation senate agrees concurrent resolution budget permits waivers suspension requirements successful appeals ruling chair affirmative vote fifths senate makes order chamber consider certain bills joint resolutions conference reports designate emergency requirement provision creates discretionary direct spending decreases revenues disaster relief requires affirmative vote fifths members successfully appeal ruling chair point order measure establishes procedure emergency designations amendment makes order house_of_representatives consider rule order waives application prohibitions consideration measures amendments amends federal credit reform_act fcra revise budgetary treatment federal direct_loans loan guarantees account fair value basis currently fcra accrual basis expands new budgetary treatment financial investments beginning fy2015 defines financial investment federal_government investment securities debt equity futures swaps derivatives issued non federal entity regardless issuances federally guaranteed issued federal entity issuance consists marketable securities requires president budget fy1992 reflect treasury discounting component direct_loan loan guarantee programs fy2015 reflect costs direct_loan loan guarantee financial investment programs defines treasury discounting component estimated long term cost federal_government direct_loan loan guarantee financial investment calculated net present value basis excluding administrative costs incidental effects governmental receipts outlays revises requirements president budget including conditions new direct_loan obligations incurred loan guarantee commitments fy1992 new financial investment commitments fy2015 requires new budget authority loans loan guarantee financial investment commitments provided advance appropriations act exempts direct_loan loan guarantee program constitutes entitlement guaranteed student loan program veteran home loan guaranty program existing credit programs commodity_credit_corporation ccc requirement prohibition modification outstanding direct_loan loan guarantee financial investment manner increases costs budget authority additional cost provided advance appropriations act revises requirements treasury transactions financing accounts accounts associated program account holds balances receives cost payment program account includes cash flows federal_government resulting obligations commitments october limits availability amounts liquidating accounts specified payments resulting direct_loan obligations loan guarantee commitments october prescribes requirements consideration legislation chambers agreement budget resolution effect extending point order certain changes mandatory programs programs appropriations bills prohibits congressional_budget committees counting rescissions budget authority result savings period covered budget resolution determining levels new budget authority outlays direct spending new entitlement authority revenues fiscal year suspends grade step increases compensation certain federal employees date enactment act december makes order chambers consider legislation provide advance appropriation specified programs activities including employment_and_training_administration education disadvantaged head_start rental assistance corporation_for_public_broadcasting veterans medical services allows waiver rule chamber affirmative vote fifths members successful appeals senate ruling chair affirmative vote fifths makes order house notwithstanding allowance waiver vote super majority consider rule order waives application prohibition prohibits shifts outlays revenues year date change act offset provisions increase deficit time period makes order house consider rule order waives application prohibition prescribes budget scoring rule transfers treasury general_fund highway_trust_fund increase level indebtedness subject current applicable statutory public debt limit makes order house consider rule order waives application requirement


Summary: Budget or Bust Act - Repeals requirements that the President submits annual budgets, including supplemental budget estimates and changes to Congress. Amends the Congressional Budget Act of 1974 to revise accordingly congressional procedures for considering budget resolutions. Requires the Secretary of the Treasury to deposit all payments otherwise required to be made for Members of Congress' compensation in an escrow account to be released to the Members only upon the adoption of a budget resolution, if on or before April 1 of any year Congress does not adopt a budget resolution for the fiscal year that begins on October 1 of that year.

budget act repeals requirements president submits annual budgets including supplemental budget estimates changes congress amends congressional_budget_act revise accordingly congressional procedures considering budget resolutions requires secretary treasury deposit payments required members congress compensation escrow account released members adoption budget resolution april year congress adopt budget resolution fiscal year begins october year


Summary: Protect VA Healthcare Act of 2012 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to exclude veterans' medical care accounts from the maximum 2% permissible reduction in budget authority pursuant to a sequestration order.

protect healthcare act amends balanced_budget emergency deficit control act gramm rudman hollings act exclude veterans medical care accounts maximum permissible reduction budget authority pursuant sequestration order


Summary: Freeze Government Spending Act of 2012 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish discretionary spending limits (spending caps) at the same specified level for each of FY2013-FY2021. Requires the Office of Management and Budget (OMB), on January 2, 2013, for FY2013, and in its sequestration preview reports for FY2014-FY2021, to state: (1) the net amount of reduction in nonexempt direct spending accounts as $18.333 billion for each of FY2013-FY2020 and $18.336 billion for FY2021; and (2) the sequestration percentage necessary to achieve that reduction in nonexempt direct spending accounts for the applicable fiscal year. Requires OMB, on such date during each applicable year, to prepare and the President to issue a sequestration order of nonexempt direct spending to achieve such direct spending reduction. Requires: (1) the percentage reduction for the Medicare programs specified in the Gramm-Rudman-Hollings Act to be not more than 2% for a fiscal year; and (2) if the reduction would exceed 2% in the absence of such requirement, OMB to increase the reduction for all other direct spending by a uniform percentage to a level sufficient to achieve the required reduction in nonexempt direct spending. Requires OMB to report to Congress on information about the calculations required under this Act, a listing of the reductions required for each nonexempt direct spending account, and any other data and explanations that enhance public understanding of this Act and actions taken under it.

freeze government spending act amends balanced_budget emergency deficit control act gramm rudman hollings act establish discretionary spending limits spending caps specified level fy2013 fy2021 requires office_of_management_and_budget omb january fy2013 sequestration reports fy2014 fy2021 state net reduction nonexempt direct spending accounts billion fy2013 fy2020 billion fy2021 sequestration percentage necessary achieve reduction nonexempt direct spending accounts applicable fiscal year requires omb date applicable year prepare president issue sequestration order nonexempt direct spending achieve direct spending reduction requires percentage reduction medicare programs specified gramm rudman hollings act fiscal year reduction exceed absence requirement omb increase reduction direct spending uniform percentage level sufficient achieve required reduction nonexempt direct spending requires omb report congress information calculations required act listing reductions required nonexempt direct spending account data explanations enhance public understanding act actions taken


Summary: Shared Responsibility in Preserving America's Future Act - Amends the Internal Revenue Code to impose, in taxable years beginning after 2012 and before 2023, an additional 5% tax on individual taxpayers whose modified adjusted gross income exceeds $1 million (adjusted for inflation after 2013). Defines "modified adjusted gross income" as adjusted gross income reduced by the excess of: (1) gross income from a trade or business which is not a passive activity and with respect to which wages are paid to at least one full-time equivalent employee, over (2) the tax deductions properly allocable to such income.  Makes this additional tax contingent upon the submission and ratification of a proposed amendment to the Constitution requiring a balanced budget or limiting spending.

shared responsibility preserving america future act amends_the_internal_revenue_code impose taxable years beginning additional tax individual taxpayers modified adjusted gross income exceeds million adjusted inflation defines modified adjusted gross income adjusted gross income reduced excess gross income trade business passive activity respect wages paid time equivalent employee tax deductions properly allocable income makes additional tax contingent submission ratification proposed amendment constitution requiring balanced_budget limiting spending


Summary: Budget for Disasters Act of 2012 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to eliminate mandatory adjustments to discretionary disaster appropriations for FY2012-FY2021.

budget disasters act amends balanced_budget emergency deficit control act gramm rudman hollings act eliminate mandatory adjustments discretionary disaster appropriations fy2012-fy2021


Summary: Congressional Accountability in Budgeting and Spending Act - Amends the Congressional Budget Act of 1974 to make it out of order in the House of Representatives or the Senate to consider any legislation to extend the statutory debt limit unless: (1) for FY2013 the concurrent budget resolution has been agreed to and is in effect, providing for an allocation of new discretionary budget authority for FY2013 of no more than $1.027 trillion (excluding emergency spending and Overseas Contingency Operations); (2) for subsequent fiscal years a concurrent budget resolution has been agreed to and is in effect; (3) for any fiscal year before FY2013 the President's budget request proposes a balanced budget within 10 fiscal years in which total outlays do not exceed 21.7% of the prior year's estimated U.S. gross domestic product (GDP); (4) House and Senate Rules require two-thirds approval to increase federal income tax rates and prohibit consideration of any measure deeming that a budget resolution has been agreed to; (5) any raising of the debt limit is prohibited while the government is being funded by a continuing resolution; and (6) Congress has agreed to a balanced budget amendment to the Constitution. Requires the Director of the Congressional Budget Office (CBO) to prepare for each major bill or resolution reported by any congressional committee a macroeconomic impact analysis of the costs of such legislation for: (1) the fiscal year in which the measure is to become effective, and (2) in each of the four following fiscal years. Permits waiver or suspension of this requirement only by a two-thirds vote in the House or the Senate. Defines "major bill or resolution" as any bill or resolution whose budgetary effects, for any fiscal year in the period for which a CBO cost estimate is prepared, is estimated to be greater than .25% of the current projected U.S. GDP for that fiscal year. Requires the analysis to describe: (1) the potential economic impact of the measure on major economic variables, including real GDP, business investment, the capital stock, employment, interest rates, and labor supply; and (2) the potential fiscal effects of the measure, including any estimates of revenue increases or decreases resulting from changes in GDP. Requires certain House committees to submit recommendations to the Committee on the Budget, which shall report to the House a reconciliation bill carrying them out without substantive revision. Directs the Committee on the Budget to report to the House a bill to amend the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to replace the sequester established by the Budget Control Act of 2011.

congressional accountability budgeting spending act_-_amends congressional_budget_act order house_of_representatives senate consider legislation extend statutory debt limit fy2013 concurrent budget resolution agreed effect providing allocation new discretionary budget authority fy2013 trillion excluding emergency spending overseas contingency operations subsequent fiscal years concurrent budget resolution agreed effect fiscal year fy2013 president budget request proposes balanced_budget fiscal years total outlays exceed prior year estimated gross domestic product gdp house senate rules require thirds approval increase federal income tax rates prohibit consideration measure deeming budget resolution agreed raising debt limit prohibited government funded continuing resolution congress agreed balanced_budget amendment constitution requires director congressional_budget_office cbo prepare major bill resolution reported congressional committee macroeconomic impact analysis costs legislation fiscal year measure effective following fiscal years permits waiver suspension requirement thirds vote house senate defines major bill resolution bill resolution budgetary effects fiscal year period cbo cost estimate prepared estimated greater current projected gdp fiscal year requires analysis describe potential economic impact measure major economic variables including real gdp business investment capital stock employment interest rates labor supply potential fiscal effects measure including estimates revenue increases decreases resulting changes gdp requires certain house committees submit recommendations committee budget shall report house reconciliation bill carrying substantive revision directs committee budget report house bill amend balanced_budget emergency deficit control act gramm rudman hollings act replace sequester established budget_control_act


Summary: Sequester Replacement Act of 2012 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to remove veterans medical care from the accounts subject to a sequester. Abolishes the distinction between security and nonsecurity categories of discretionary spending for new budget authority in FY2013. Combines the dollar amounts of the current categories ($686 billion for the security category and $361 billion for the nonsecurity category) into a single amount of $1.047 trillion in new budget authority. Revises sequestration requirements for FY2013 to require a $19.104 billion across-the-board decrease in the discretionary spending category as of January 2, 2013. Directs the Office of Management and Budget (OMB) to issue a supplemental sequestration report for FY2013 to eliminate any discretionary spending breach of the $1.047 trillion spending limit, as adjusted by the $19.104 billion across-the-board reduction requirement of this Act. Directs the President to order a sequestration, if any, as required by such report. Amends the Congressional Budget Act of 1974 to authorize the chair of the Committee on the Budget of the House of Representatives or the Senate to make adjustments to any legislative measure to conform to the discretionary spending limits of this Act. Nullifies any sequestration order the President may issue under the Gramm-Rudman-Hollings Act to carry out reductions to direct spending for the FY2013 defense function (050).

sequester replacement act amends balanced_budget emergency deficit control act gramm rudman hollings act remove veterans medical care accounts subject sequester abolishes distinction security nonsecurity categories discretionary spending new budget authority fy2013 combines dollar amounts current categories billion security category billion nonsecurity category single trillion new budget authority revises sequestration requirements fy2013 require billion board decrease discretionary spending category january directs office_of_management_and_budget omb issue supplemental sequestration report fy2013 eliminate discretionary spending breach trillion spending limit adjusted billion board reduction requirement act directs president order sequestration required report amends congressional_budget_act authorize chair committee budget house_of_representatives senate adjustments legislative measure conform discretionary spending limits act nullifies sequestration order president issue gramm rudman hollings act carry reductions direct spending fy2013 defense function