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1 A vacancy in the membership of the committee shall be

2 filled in the manner in which the original appointment was

3 made.”

4 (b) Rule X of the Rules of the House of Representa5 tives is amended by adding at the end thereof the following

6 new clause:

7 "6. (a) The Chairman of the Committee on the Budget 8 during each even-numbered year shall be selected by the 9 Committee on the Budget from among the Members who 10 are members of the Committee on Appropriations; during 11 each odd-numbered year he shall be selected by the Com12 mittee on the Budget from among the Members who are 13 members of the Committee on Ways and Means. 14 "(b) The chairmanship of the Committee on the Budget 15 shall not be taken into account in applying any rule or 16 policy which prohibits a Member from holding more than 17 one chairmanship; and membership on the committee shall

18 not be taken into account in applying any rule or policy

19 prohibiting a Member from serving on more than one major

20 committee.

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"(c) For carrying out the purposes set forth in clause

22 5 of Rule XI, the Committee on the Budget or any sub

23 committee thereof is authorized to sit and act at such times

24 and places within the United States, whether the House

25 is in session, has recessed, or has adjourned, to hold such

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1 hearings, to require the attendance of such witnesses and

2 the production of such books or papers or documents or

3 vouchers by subpena or otherwise, and to take such testi

4 mony and records, as it deems necessary. Subpenas may be

5 issued over the signature of the chairman of the committee

6 or of any member of the committee designated by him, 7 and may be served by any person designated by such chair

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man or member. The chairman of the committee, or any

9 member thereof, may administer oaths to witnesses.”

10

(c) Rule XI of the Rules of the House of Representa

11 tives is amended by redesignating clauses 5 through 33, in12 clusive, as clauses 6 through 34, respectively, and by insert13 ing after clause 4 the following new clause:

14 "5. Committee on the Budget

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“(a) The establishment of an overall limitation on

16 budget outlays, and an overall limitation on new budget au17 thority, of the United States Government. 18 “(b) The determination of the overall level of Federal 19 revenues, and the overall level of the public debt of the 20 United States, to be associated with the budget outlay limita21 tion referred to in paragraph (a).

"(c) The determination of the appropriate level of sur23 plus or deficit in the budget in the light of economic condi24 tions and such other factors as may be relevant to that 25 determination.

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1 "(d) The allocation of the overall limitation on budget 2 outlays, and the overall limitation on new budget authority,

3 among the committees of the House, and the further sub

4 dividing of such allocations by subcommittees or by programs

5 and activities.

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“(e) The committee shall have the duty

“(1) to report during each regular session of Con

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gress at least two concurrent resolutions dealing with

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the matters specified in paragraphs (a), (b), (c), and

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“(2) to make continuing studies of the effect on

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budget outlays of existing and proposed legislation and

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to report the results of such studies to the House on a

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15 SEC. 112. BUDGET COMMITTEE OF THE SENATE.

16

(a) Paragraph 1 of Rule XXV of the Standing Rules of

17 the Senate is amended by adding at the end thereof the fol

18 lowing new subparagraph:

19

“(r) (1) Committee on the Budget, to which committee

20 shall be referred all proposed legislation, messages, petitions, 21 memorials, and other matters relating to the following sub

22 jects:

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“(A) The establishment of an overall limitation on budget outlays, and an overall limitation on new budget authority, of the United States Government.

"(B) The determination of the overall level of Fed

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eral revenues, and the overall level of the public debt of

2

the United States, to be associated with the budget outlay

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“(C) The determination of the appropriate level of

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surplus or deficit in the budget in the light of economic

6

conditions and such other factors as may be relevant to

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(D) The allocation of the overall limitation on

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budget outlays, and the overall limitation on new budget authority, among the committees of the Senate, and the further subdividing of such allocations by subcommittees or by programs and activities.

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(2) Such committee shall have the duty

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“(A) to report during each regular session of Congress at least two concurrent resolutions dealing with the

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matters specified in subparagraph (1), and

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(B) to make continuing studies of the effect on

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budget outlays of existing and proposed legislation and

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to report the results of such studies to the Senate on a

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(b) Rule XXV of the Standing Rules of the Senate is

22 amended by adding at the end thereof the following new 23 paragraph:

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“8. (a) The Committee on the Budget shall consist of

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“(1) five members who are members of the Com

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mittee on Appropriations, to be chosen by such com

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"(2) five members who are members of the Com

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mittee on Finance, to be chosen by such committee,

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“(3) five additional members, to be appointed by

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9 A vacancy in the membership of the committee shall be

10 filled in the manner in which the original appointment was

11 made.

12 “(b) The chairman of the committee during each even13 numbered year shall be selected by the committee from

14 among the members who are members of the Committee on

15 Finance, and during each odd-numbered year shall be se16 lected by the committee from among the members who are

17 members of the Committee on Appropriations.

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"(c) Paragraph 6 shall not apply to the Committee on

19 the Budget, and for purposes of such paragraph, service of 20 a Senator as a member of the committee, or as chairman

21 of the committee, shall not be taken into account."

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PART 2-CONGRESSIONAL BUDGET

23 SEC. 121. ADOPTION OF CONGRESSIONAL BUDGET.

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(a) ACTION TO BE COMPLETED BY MAY 1.-On or

25 before May 1 of each year, the Congress shall complete ac

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