To provide for a biennial budget process and a biennial appropriations process and to enhance oversight and the performance of the Federal Government.

April 21, 2005

Mr. DOMENICI (for himself, Mr. LIEBERMAN, Mr. FRIST, Mr. LUGAR, Mr. ISAKSON, Mr. ENZI, Mr. FEINGOLD, Mr. CRAPO, Mr. ALEXANDER, Mr. BUNNING, Mr. SESSIONS, Mr. ALLARD, and Mr. CORZINE) introduced the following bill; which was read twice and referred to the Committee on Budget

To provide for a biennial budget process and a biennial appropriations process and to enhance oversight and the performance of the Federal Government.

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

SECTION 1. SHORT TITLE.

This Act may be cited as the `Biennial Budgeting and Appropriations Act'.

SEC. 2. REVISION OF TIMETABLE.

Section 300 of the Congressional Budget Act of 1974 (2 U.S.C. 631) is amended to read as follows:

`TIMETABLE

`SEC. 300. (a) IN GENERAL- Except as provided by subsection (b), the timetable with respect to the congressional budget process for any Congress (beginning with the One Hundred Tenth Congress) is as follows:

`First Session

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

                `On or before:                                               Action to be completed:                                                                                          

                First Monday in February                                     President submits budget recommendations.                                                                        

                February 15                                                  Congressional Budget Office submits report to Budget Committees.                                                 

                Not later than 6 weeks after budget submission               Committees submit views and estimates to Budget Committees.                                                      

                April 1                                                      Budget Committees report concurrent resolution on the biennial budget.                                           

                May 15                                                       Congress completes action on concurrent resolution on the biennial budget.                                       

                May 15                                                       Biennial appropriation bills may be considered in the House.                                                     

                June 10                                                      House Appropriations Committee reports last biennial appropriation bill.                                         

                June 30                                                      House completes action on biennial appropriation bills.                                                          

                August 1                                                     Congress completes action on reconciliation legislation.                                                         

                October 1                                                    Biennium begins.                                                                                                 

`Second Session `On or before:                                               Action to be completed:                                                                                          

                February 15                                                  President submits budget review.                                                                                 

                Not later than 6 weeks after President submits budget review Congressional Budget Office submits report to Budget Committees.                                                 

                The last day of the session                                  Congress completes action on bills and resolutions authorizing new budget authority for the succeeding biennium. 

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

`(b) SPECIAL RULE- In the case of any first session of Congress that begins in any year immediately following a leap year and during which the term of a President (except a President who succeeds himself or herself) begins, the following dates shall supersede those set forth in subsection (a):

`First Session

--------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------

 `On or before:        Action to be completed:                                                    

 First Monday in April President submits budget recommendations.                                  

  April 20             Committees submit views and estimates to Budget Committees.                

 May 15                Budget Committees report concurrent resolution on the biennial budget.     

 June 1                Congress completes action on concurrent resolution on the biennial budget. 

 July 1                Biennial appropriation bills may be considered in the House.               

 July 20               House completes action on biennial appropriation bills.                    

 August 1              Congress completes action on reconciliation legislation.                   

 October  1            Biennium begins.'.                                                         

--------------------------------------------------------------------------------------------------

SEC. 3. AMENDMENTS TO THE CONGRESSIONAL BUDGET AND IMPOUNDMENT CONTROL ACT OF 1974.

(a) DECLARATION OF PURPOSE- Section 2(2) of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 621(2)) is amended by striking `each year' and inserting `biennially'.

(b) Definitions-

(1) BUDGET RESOLUTION- Section 3(4) of such Act (2 U.S.C. 622(4)) is amended by striking `fiscal year' each place it appears and inserting `biennium'.

(2) BIENNIUM- Section 3 of such Act (2 U.S.C. 622) is further amended by adding at the end the following new paragraph:

`(11) The term `biennium' means the period of 2 consecutive fiscal years beginning on October 1 of any odd-numbered year.'.

(c) BIENNIAL CONCURRENT RESOLUTION ON THE BUDGET-

(1) SECTION HEADING- The section heading of section 301 of such Act is amended by striking `annual' and inserting `biennial'.

(2) CONTENTS OF RESOLUTION- Section 301(a) of such Act (2 U.S.C. 632(a)) is amended--

(A) in the matter preceding paragraph (1) by--

(i) striking `April 15 of each year' and inserting `May 15 of each odd-numbered year';

(ii) striking `the fiscal year beginning on October 1 of such year' the first place it appears and inserting `the biennium beginning on October 1 of such year'; and

(iii) striking `the fiscal year beginning on October 1 of such year' the second place it appears and inserting `each fiscal year in such period';

(B) in paragraph (6), by striking `for the fiscal year' and inserting `for each fiscal year in the biennium'; and

(C) in paragraph (7), by striking `for the fiscal year' and inserting `for each fiscal year in the biennium'.

(3) ADDITIONAL MATTERS- Section 301(b)(3) of such Act (2 U.S.C. 632(b)) is amended by striking `for such fiscal year' and inserting `for either fiscal year in such biennium'.

(4) VIEWS OF OTHER COMMITTEES- Section 301(d) of such Act (2 U.S.C. 632(d)) is amended by inserting `(or, if applicable, as provided by section 300(b))' after `United States Code'.

(5) HEARINGS- Section 301(e)(1) of such Act (2 U.S.C. 632(e)) is amended by--

(A) striking `fiscal year' and inserting `biennium'; and

(B) inserting after the second sentence the following: `On or before April 1 of each odd-numbered year (or, if applicable, as provided by section 300(b)), the Committee on the Budget of each House shall report to its House the concurrent resolution on the budget referred to in

subsection (a) for the biennium beginning on October 1 of that year.'.

(6) GOALS FOR REDUCING UNEMPLOYMENT- Section 301(f) of such Act (2 U.S.C. 632(f)) is amended by striking `fiscal year' each place it appears and inserting `biennium'.

(7) ECONOMIC ASSUMPTIONS- Section 301(g)(1) of such Act (2 U.S.C. 632(g)(1)) is amended by striking `for a fiscal year' and inserting `for a biennium'.

(8) TABLE OF CONTENTS- The item relating to section 301 in the table of contents set forth in section 1(b) of such Act is amended by striking `Annual' and inserting `Biennial'.

(d) COMMITTEE ALLOCATIONS- Section 302 of such Act (2 U.S.C. 633) is amended--

(1) in subsection (a)

(A) in paragraph (1), by--

(i) striking `for the first fiscal year of the resolution,' and inserting `for each fiscal year in the biennium,';

(ii) striking `for that period of fiscal years' and inserting `for all fiscal years covered by the resolution'; and

(iii) striking `for the fiscal year of that resolution' and inserting `for each fiscal year in the biennium'; and

(B) in paragraph (5), by striking `April 15' and inserting `May 15 or June 1 (under section 300(b))';

(2) in subsection (b), by striking `budget year' and inserting `biennium';

(3) in subsection (c) by striking `for a fiscal year' each place it appears and inserting `for each fiscal year in the biennium';

(4) in subsection (f)(1), by striking `for a fiscal year' and inserting `for a biennium';

(5) in subsection (f)(1), by striking `the first fiscal year' and inserting `each fiscal year of the biennium';

(6) in subsection (f)(2)(A), by--

(A) striking `the first fiscal year' and inserting `each fiscal year of the biennium'; and

(B) striking `the total of fiscal years' and inserting `the total of all fiscal years covered by the resolution'; and

(7) in subsection (g)(1)(A), by striking `April' and inserting `May'.

(e) SECTION 303 POINT OF ORDER-

(1) IN GENERAL- Section 303(a) of such Act (2 U.S.C. 634(a)) is amended by--

(A) striking `the first fiscal year' and inserting `each fiscal year of the biennium'; and

(B) striking `that fiscal year' each place it appears and inserting `that biennium'.

(2) EXCEPTIONS IN THE HOUSE- Section 303(b)(1) of such Act (2 U.S.C. 634(b)) is amended--

(A) in subparagraph (A), by striking `the budget year' and inserting `the biennium'; and

(B) in subparagraph (B), by striking `the fiscal year' and inserting `the biennium'.

(3) APPLICATION TO THE SENATE- Section 303(c)(1) of such Act (2 U.S.C. 634(c)) is amended by--

(A) striking `fiscal year' and inserting `biennium'; and

(B) striking `that year' and inserting `each fiscal year of that biennium'.

(f) PERMISSIBLE REVISIONS OF CONCURRENT RESOLUTIONS ON THE BUDGET- Section 304(a) of such Act (2 U.S.C. 635) is amended--

(1) by striking `fiscal year' the first two places it appears and inserting `biennium'; and

(2) by striking `for such fiscal year' and inserting `for such biennium'.

(g) PROCEDURES FOR CONSIDERATION OF BUDGET RESOLUTIONS- Section 305 of such Act (2 U.S.C. 636(3)) is amended--

(1) in subsection (a)(3), by striking `fiscal year' and inserting `biennium'; and

(2) in subsection (b)(3), by striking `fiscal year' and inserting `biennium'.

(h) COMPLETION OF HOUSE ACTION ON APPROPRIATION BILLS- Section 307 of such Act (2 U.S.C. 638) is amended--

(1) by striking `each year' and inserting `each odd-numbered year';

(2) by striking `annual' and inserting `biennial';

(3) by striking `fiscal year' and inserting `biennium'; and

(4) by striking `that year' and inserting `each odd-numbered year'.

(i) COMPLETION OF ACTION ON REGULAR APPROPRIATION BILLS- Section 309 of such Act (2 U.S.C. 640) is amended--

(1) by inserting `of any odd-numbered calendar year' after `July';

(2) by striking `annual' and inserting `biennial'; and

(3) by striking `fiscal year' and inserting `biennium'.

(j) RECONCILIATION PROCESS- Section 310(a) of such Act (2 U.S.C. 641(a)) is amended--

(1) in the matter preceding paragraph (1), by striking `any fiscal year' and inserting `any biennium'; and

(2) in paragraph (1) by striking `such fiscal year' each place it appears and inserting `any fiscal year covered by such resolution'.

(k) SECTION 311 POINT OF ORDER-

(1) IN THE HOUSE- Section 311(a)(1) of such Act (2 U.S.C. 642(a)) is amended--

(A) by striking `for a fiscal year' and inserting `for a biennium';

(B) by striking `the first fiscal year' each place it appears and inserting `either fiscal year of the biennium'; and

(C) by striking `that first fiscal year' and inserting `each fiscal year in the biennium'.

(2) IN THE SENATE- Section 311(a)(2) of such Act is amended--

(A) in subparagraph (A), by striking `for the first fiscal year' and inserting `for either fiscal year of the biennium'; and

(B) in subparagraph (B)--

(i) by striking `that first fiscal year' the first place it appears and inserting `each fiscal year in the biennium'; and

(ii) by striking `that first fiscal year and the ensuing fiscal years' and inserting `all fiscal years'.

(3) SOCIAL SECURITY LEVELS- Section 311(a)(3) of such Act is amended by--

(A) striking `for the first fiscal year' and inserting `each fiscal year in the biennium'; and

(B) striking `that fiscal year and the ensuing fiscal years' and inserting `all fiscal years'.

(l) MDA POINT OF ORDER- Section 312(c) of the Congressional Budget Act of 1974 (2 U.S.C. 643) is amended--

(1) by striking `for a fiscal year' and inserting `for a biennium';

(2) in paragraph (1), by striking `the first fiscal year' and inserting `either fiscal year in the biennium';

(3) in paragraph (2), by striking `that fiscal year' and inserting `either fiscal year in the biennium'; and

(4) in the matter following paragraph (2), by striking `that fiscal year' and inserting `the applicable fiscal year'.

SEC. 4. AMENDMENTS TO TITLE 31, UNITED STATES CODE.

(a) DEFINITION- Section 1101 of title 31, United States Code, is amended by adding at the end thereof the following new paragraph:

`(3) `biennium' has the meaning given to such term in paragraph (11) of section 3 of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 622(11)).'.

(b) BUDGET CONTENTS AND SUBMISSION TO THE CONGRESS-

(1) SCHEDULE- The matter preceding paragraph (1) in section 1105(a) of title 31, United States Code, is amended to read as follows:

`(a) On or before the first Monday in February of each odd-numbered year (or, if applicable, as provided by section 300(b) of the Congressional Budget Act of 1974), beginning with the One Hundred Ninth Congress, the President shall transmit to the Congress, the budget for the biennium beginning on October 1 of such calendar year. The budget of the United States Government transmitted under this subsection shall include a budget message and summary and supporting information. The President shall include in each budget the following:'.

(2) EXPENDITURES- Section 1105(a)(5) of title 31, United States Code, is amended by striking `the fiscal year for which the budget is submitted and the 4 fiscal years after that year' and inserting `each fiscal year in the biennium for which the budget is submitted and in the succeeding 4 fiscal years'.

(3) RECEIPTS- Section 1105(a)(6) of title 31, United States Code, is amended by striking `the fiscal year for which the budget is submitted and the 4 fiscal years after that year' and inserting `each fiscal year in the biennium for which the budget is submitted and in the succeeding 4 years'.

(4) BALANCE STATEMENTS- Section 1105(a)(9)(C) of title 31, United States Code, is amended by striking `the fiscal year' and inserting `each fiscal year in the biennium'.

(5) FUNCTIONS AND ACTIVITIES- Section 1105(a)(12) of title 31, United States Code, is amended in subparagraph (A), by striking `the fiscal year' and inserting `each fiscal year in the biennium'.

(6) ALLOWANCES- Section 1105(a)(13) of title 31, United States Code, is amended by striking `the fiscal year' and inserting `each fiscal year in the biennium'.

(7) ALLOWANCES FOR UNCONTROLLED EXPENDITURES- Section 1105(a)(14) of title 31, United States Code, is amended by striking `that year' and inserting `each fiscal year in the biennium for which the budget is submitted'.

(8) TAX EXPENDITURES- Section 1105(a)(16) of title 31, United States Code, is amended by striking `the fiscal year' and inserting `each fiscal year in the biennium'.

(9) FUTURE YEARS- Section 1105(a)(17) of title 31, United States Code, is amended--

(A) by striking `the fiscal year following the fiscal year' and inserting `each fiscal year in the biennium following the biennium';

(B) by striking `that following fiscal year' and inserting `each such fiscal year'; and

(C) by striking `fiscal year before the fiscal year' and inserting `biennium before the biennium'.

(10) PRIOR YEAR OUTLAYS- Section 1105(a)(18) of title 31, United States Code, is amended--

(A) by striking `the prior fiscal year' and inserting `each of the 2 most recently completed fiscal years,';

(B) by striking `for that year' and inserting `with respect to those fiscal years'; and

(C) by striking `in that year' and inserting `in those fiscal years'.

(11) PRIOR YEAR RECEIPTS- Section 1105(a)(19) of title 31, United States Code, is amended--

(A) by striking `the prior fiscal year' and inserting `each of the 2 most recently completed fiscal years';

(B) by striking `for that year' and inserting `with respect to those fiscal years'; and

(C) by striking `in that year' each place it appears and inserting `in those fiscal years'.

(c) ESTIMATED EXPENDITURES OF LEGISLATIVE AND JUDICIAL BRANCHES- Section 1105(b) of title 31,

United States Code, is amended by striking `each year' and inserting `each even-numbered year'.

(d) RECOMMENDATIONS TO MEET ESTIMATED DEFICIENCIES- Section 1105(c) of title 31, United States Code, is amended--

(1) by striking `the fiscal year for' the first place it appears and inserting `each fiscal year in the biennium for';

(2) by striking `the fiscal year for' the second place it appears and inserting `each fiscal year of the biennium, as the case may be, for'; and

(3) by striking `for that year' and inserting `for each fiscal year of the biennium'.

(e) CAPITAL INVESTMENT ANALYSIS- Section 1105(e)(1) of title 31, United States Code, is amended by striking `ensuing fiscal year' and inserting `biennium to which such budget relates'.

(f) SUPPLEMENTAL BUDGET ESTIMATES AND CHANGES-

(1) IN GENERAL- Section 1106(a) of title 31, United States Code, is amended--

(A) in the matter preceding paragraph (1), by--

(i) inserting after `Before July 16 of each year' the following: `and February 15 of each even-numbered year'; and

(ii) striking `fiscal year' and inserting `biennium';

(B) in paragraph (1), by striking `that fiscal year' and inserting `each fiscal year in such biennium';

(C) in paragraph (2), by striking `fiscal year' and inserting `biennium'; and

(D) in paragraph (3), by striking `fiscal year' and inserting `biennium'.

(2) CHANGES- Section 1106(b) of title 31, United States Code, is amended by--

(A) striking `the fiscal year' and inserting `each fiscal year in the biennium';

(B) inserting after `Before July 16 of each year' the following: `and February 15 of each even-numbered year'; and

(C) striking `submitted before July 16' and inserting `required by this subsection'.

(g) CURRENT PROGRAMS AND ACTIVITIES ESTIMATES-

(1) IN GENERAL- Section 1109(a) of title 31, United States Code, is amended--

(A) by striking `On or before the first Monday after January 3 of each year (on or before February 5 in 1986)' and inserting `At the same time the budget required by section 1105 is submitted for a biennium'; and

(B) by striking `the following fiscal year' and inserting `each fiscal year of such period'.

(2) JOINT ECONOMIC COMMITTEE- Section 1109(b) of title 31, United States Code, is amended by striking `March 1 of each year' and inserting `within 6 weeks of the President's budget submission for each odd-numbered year (or, if applicable, as provided by section 300(b) of the Congressional Budget Act of 1974)'.

(h) YEAR-AHEAD REQUESTS FOR AUTHORIZING LEGISLATION- Section 1110 of title 31, United States Code, is amended by--

(1) striking `May 16' and inserting `March 31'; and

(2) striking `year before the year in which the fiscal year begins' and inserting `calendar year preceding the calendar year in which the biennium begins'.

SEC. 5. TWO-YEAR APPROPRIATIONS; TITLE AND STYLE OF APPROPRIATIONS ACTS.

Section 105 of title 1, United States Code, is amended to read as follows:

`Sec. 105. Title and style of appropriations Acts

`(a) The style and title of all Acts making appropriations for the support of the Government shall be as follows: `An Act making appropriations (here insert the object) for each fiscal year in the biennium of fiscal years (here insert the fiscal years of the biennium).'.

`(b) All Acts making regular appropriations for the support of the Government shall be enacted for a biennium and shall specify the amount of appropriations provided for each fiscal year in such period.

`(c) For purposes of this section, the term `biennium' has the same meaning as in section 3(11) of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 622(11)).'.

SEC. 6. MULTIYEAR AUTHORIZATIONS.

(a) IN GENERAL- Title III of the Congressional Budget Act of 1974 is amended by adding at the end the following new section:

`AUTHORIZATIONS OF APPROPRIATIONS

`SEC. 316. (a) POINT OF ORDER- It shall not be in order in the House of Representatives or the Senate to consider--

`(1) any bill, joint resolution, amendment, motion, or conference report that authorizes appropriations for a period of less than 2 fiscal years, unless the program, project, or activity for which the appropriations are authorized will require no further appropriations and will be completed or terminated after the appropriations have been expended; and

`(2) in any odd-numbered year, any authorization or revenue bill or joint resolution until Congress completes action on the biennial budget resolution, all regular biennial appropriations bills, and all reconciliation bills.

`(b) APPLICABILITY- In the Senate, subsection (a) shall not apply to--

`(1) any measure that is privileged for consideration pursuant to a rule or statute;

`(2) any matter considered in Executive Session; or

`(3) an appropriations measure or reconciliation bill.'.

(b) AMENDMENT TO TABLE OF CONTENTS- The table of contents set forth in section 1(b) of the Congressional Budget and Impoundment Control Act of 1974 is amended by adding after the item relating to section 315 the following new item:

`Sec. 316. Authorizations of appropriations.'.

SEC. 7. GOVERNMENT PLANS ON A BIENNIAL BASIS.

(a) STRATEGIC PLANS- Section 306 of title 5, United States Code, is amended--

(1) in subsection (a), by striking `September 30, 1997' and inserting `September 30, 2005';

(2) in subsection (b)--

(A) by striking `five years forward' and inserting `6 years forward';

(B) by striking `at least every three years' and inserting `at least every 4 years'; and

(C) by striking beginning with `, except that' through `four years'; and

(3) in subsection (c), by inserting a comma after `section' the second place it appears and adding `including a strategic plan submitted by September 30, 2005 meeting the requirements of subsection (a)'.

(b) BUDGET CONTENTS AND SUBMISSION TO CONGRESS- Paragraph (28) of section 1105(a) of title 31, United States Code, is amended by striking `beginning with fiscal year 1999, a' and inserting `beginning with fiscal year 2006, a biennial'.

(c) PERFORMANCE PLANS- Section 1115 of title 31, United States Code, is amended--

(1) in subsection (a)--

(A) in the matter before paragraph (1)--

(i) by striking `section 1105(a)(29)' and inserting `section 1105(a)(28)'; and

(ii) by striking `an annual' and inserting `a biennial';

(B) in paragraph (1) by inserting after `program activity' the following: `for both years 1 and 2 of the biennial plan';

(C) in paragraph (5) by striking `and' after the semicolon,

(D) in paragraph (6) by striking the period and inserting a semicolon; and inserting `and' after the inserted semicolon; and

(E) by adding after paragraph (6) the following:

`(7) cover a 2-year period beginning with the first fiscal year of the next biennial budget cycle.';

(2) in subsection (d) by striking `annual' and inserting `biennial'; and

(3) in paragraph (6) of subsection (f) by striking `annual' and inserting `biennial'.

(d) MANAGERIAL ACCOUNTABILITY AND FLEXIBILITY- Section 9703 of title 31, United States Code, relating to managerial accountability, is amended--

(1) in subsection (a)--

(A) in the first sentence by striking `annual'; and

(B) by striking `section 1105(a)(29)' and inserting `section 1105(a)(28)';

(2) in subsection (e)--

(A) in the first sentence by striking `one or' before `years';

(B) in the second sentence by striking `a subsequent year' and inserting `a subsequent 2-year period'; and

(C) in the third sentence by striking `three' and inserting `4'.

(e) PILOT PROJECTS FOR PERFORMANCE BUDGETING- Section 1119 of title 31, United States Code, is amended--

(1) in paragraph (1) of subsection (d), by striking `annual' and inserting `biennial'; and

(2) in subsection (e), by striking `annual' and inserting `biennial'.

(f) STRATEGIC PLANS- Section 2802 of title 39, United States Code, is amended--

(1) is subsection (a), by striking `September 30, 1997' and inserting `September 30, 2005';

(2) by striking `five years forward' and inserting `6 years forward';

(3) in subsection (b), by striking `at least every three years' and inserting `at least every 4 years'; and

(4) in subsection (c), by inserting a comma after `section' the second place it appears and inserting `including a strategic plan submitted by September 30, 2005 meeting the requirements of subsection (a)'.

(g) PERFORMANCE PLANS- Section 2803(a) of title 39, United States Code, is amended--

(1) in the matter before paragraph (1), by striking `an annual' and inserting `a biennial';

(2) in paragraph (1), by inserting after `program activity' the following: `for both years 1 and 2 of the biennial plan';

(3) in paragraph (5), by striking `and' after the semicolon;

(4) in paragraph (6), by striking the period and inserting `; and'; and

(5) by adding after paragraph (6) the following:

`(7) cover a 2-year period beginning with the first fiscal year of the next biennial budget cycle.'.

(h) COMMITTEE VIEWS OF PLANS AND REPORTS- Section 301(d) of the Congressional Budget Act (2 U.S.C. 632(d)) is amended by adding at the end `Each committee

of the Senate or the House of Representatives shall review the strategic plans, performance plans, and performance reports, required under section 306 of title 5, United States Code, and sections 1115 and 1116 of title 31, United States Code, of all agencies under the jurisdiction of the committee. Each committee may provide its views on such plans or reports to the Committee on the Budget of the applicable House.'.

(i) EFFECTIVE DATE-

(1) IN GENERAL- The amendments made by this section shall take effect on March 1, 2005.

(2) AGENCY ACTIONS- Effective on and after the date of enactment of this Act, each agency shall take such actions as necessary to prepare and submit any plan or report in accordance with the amendments made by this Act.

SEC. 8. BIENNIAL APPROPRIATIONS BILLS.

(a) IN GENERAL- Title III of the Congressional Budget Act of 1974 (2 U.S.C. 631 et seq.) is amended by adding at the end the following:

`CONSIDERATION OF BIENNIAL APPROPRIATIONS BILLS

`SEC. 317. It shall not be in order in the House of Representatives or the Senate in any odd-numbered year to consider any regular bill providing new budget authority or a limitation on obligations under the jurisdiction of any of the subcommittees of the Committees on Appropriations for only the first fiscal year of a biennium, unless the program, project, or activity for which the new budget authority or obligation limitation is provided will require no additional authority beyond 1 year and will be completed or terminated after the amount provided has been expended.'.

(b) AMENDMENT TO TABLE OF CONTENTS- The table of contents set forth in section 1(b) of the Congressional Budget and Impoundment Control Act of 1974 is amended by adding after the item relating to section 316 the following new item:

`Sec. 317. Consideration of biennial appropriations bills.'.

SEC. 9. REPORT ON TWO-YEAR FISCAL PERIOD.

Not later than 180 days after the date of enactment of this Act, the Director of OMB shall--

(1) determine the impact and feasibility of changing the definition of a fiscal year and the budget process based on that definition to a 2-year fiscal period with a biennial budget process based on the 2-year period; and

(2) report the findings of the study to the Committees on the Budget of the House of Representatives and the Senate.

SEC. 10. EFFECTIVE DATE.

(a) IN GENERAL- Except as provided in sections 8 and 10 and subsection (b), this Act and the amendments made by this Act shall take effect on January 1, 2007, and shall apply to budget resolutions and appropriations for the biennium beginning with fiscal year 2008.

(b) AUTHORIZATIONS FOR THE BIENNIUM- For purposes of authorizations for the biennium beginning with fiscal year 2006, the provisions of this Act and the amendments made by this Act relating to 2-year authorizations shall take effect January 1, 2005.

END