text: S.
  
      Section 304 of the Congressional Budget Act of 1974 is amended to 
  read as follows:
  
               ``permissible revisions of budget resolutions
  
      ``Sec. 304. At any time after the joint resolution on the budget 
  for a fiscal year has been enacted pursuant to section 301, and before 
  the end of such fiscal year, the two Houses and the President may enact 
  a joint resolution on the budget which revises or reaffirms the joint 
  resolution on the budget for such fiscal year most recently enacted, 
  and for purposes of the enforcement of the Congressional Budget Act of 
  1974, the chairman of the Budget Committee of the House of 
  Representatives or the Senate, as applicable, may adjust levels as 
  needed for the enforcement of the budget resolution.''.
  
  SEC. 6. LIMITATION ON THE CONTENT OF BUDGET RESOLUTIONS.
  
      Section 305 of the Congressional Budget Act of 1974 is amended by 
  adding at the end the following new subsection:
      ``(e) Limitation on Contents.--(1) It shall not be in order in the 
  House of Representatives or in the Senate to consider any joint 
  resolution on the budget or any amendment thereto or conference report 
  thereon that contains any matter referred to in paragraph (2).
      ``(2) Any joint resolution on the budget or any amendment thereto 
  or conference report thereon that contains any matter not permitted in 
  section 301 (a) or (b) shall not be treated in the House of 
  Representatives or the Senate as a budget resolution under subsection 
  (a) or (b) or as a conference report on a budget resolution under 
  subsection (c) of this section.''.
  
  SEC. 7. DEEMING OF BUDGETARY AGGREGATES, ALLOCATIONS, AND 
                RECONCILIATION INSTRUCTIONS IN THE HOUSE AND SENATE UPON 
                VETO OF JOINT RESOLUTION ON THE BUDGET.
  
      (a) In General.--Title III of the Congressional Budget Act of 1974 
  is amended by adding after section 315 the following new section:
  
   ``automatic standing order upon veto of joint resolution on the budget
  
      ``Sec. 316. For purposes of congressional enforcement under titles 
  III and IV of this Act and the rules of the House and the Senate, the 
  joint resolution shall be considered as enforceable upon enactment or 
  15 days following presentment to the President, whichever occurs 
  earlier.''.
      (b) Conforming Amendment.--The table of contents set forth in 
  section 1(b) of the Congressional Budget and Impoundment Control Act of 
  1974 is amended by inserting after the item relating to section 315 the 
  following new item:
  
  ``Sec. 316. Automatic standing order upon veto of joint resolution on 
                              the budget.''.
  
  SEC. 8. ADDITIONAL AMENDMENTS TO THE CONGRESSIONAL BUDGET ACT OF 1974 
                TO EFFECTUATE JOINT RESOLUTIONS ON THE BUDGET.
  
      (a) Additional Amendments to the Congressional Budget and 
  Impoundment Control Act of 1974.--(1)(A) Sections 301, 302, 303, 304, 
  305, 308, 310, 311, 312, 314, 405, and 904 of the Congressional Budget 
  Act of 1974 (2 U.S.C. 621 et seq.) are amended by striking 
  ``concurrent'' each place it appears and inserting ``joint''.
      (B)(i) Sections 302(d), 302(g), 308(a)(1)(A), and 310(d)(1) of the 
  Congressional Budget Act of 1974 are amended by striking ``most 
  recently agreed to concurrent resolution on the budget'' each place it 
  occurs and inserting ``most recently enacted joint resolution on the 
  budget''.
      (ii) The section heading of section 301 of such Act is amended by 
  striking ``annual adoption of concurrent resolution'' and inserting 
  ``joint resolutions''.
      (C) Sections 302, 303, 304, 310, and 311 of the Congressional 
  Budget Act of 1974 are amended by striking ``agreed to'' each place it 
  appears and by inserting ``enacted''.
      (2) The table of contents set forth in section 1(b) of the 
  Congressional Budget and Impoundment Control Act of 1974 is amended--
              (A) in the item relating to section 301, by striking 
          ``Annual adoption of concurrent resolution'' and inserting 
          ``Joint resolutions''; and
              (B) by striking ``concurrent'' and inserting ``joint'' in 
          the item relating to section 305.
      (b) Conforming Amendment.--Any side heading within any section of 
  title III of the Congressional Budget and Impoundment Control Act of 
  1974 is amended by striking ``Concurrent'' and inserting ``Joint'' and 
  any center heading in any section of that title is amended by striking 
  ``concurrent'' and inserting ``joint''.
  
  SEC. 9. AMENDMENTS TO THE RULES OF THE HOUSE OF REPRESENTATIVES TO 
                EFFECTUATE JOINT BUDGET RESOLUTIONS.
  
      Clauses 1(d)(1), 4(a)(4), 4(b)(2), 4(f)(1)(A), and 4(f)(2) of rule 
  X, clause 10 of rule XVIII, clause 10 of rule XX, and clauses 7 and 10 
  of rule XXI of the Rules of the House of Representatives are amended by 
  striking ``concurrent'' each place it appears and inserting ``joint''.
  
  SEC. 10. CONFORMING AMENDMENTS TO THE BALANCED BUDGET AND EMERGENCY 
                DEFICIT CONTROL ACT OF 1985.
  
      Section 258C(b)(1) of the Balanced Budget and Emergency Deficit 
  Control Act of 1985 (2 U.S.C. 907d(b)(1)) is amended by striking 
  ``concurrent'' and inserting ``joint''.
target: Legally Binding Budget Act of 2015  This bill amends the Congressional Budget Act of 1974 to replace the concurrent resolution on the budget required under current law with a legally binding joint resolution on the budget.  (Concurrent resolutions, which are currently used for congressional budget resolutions, address internal congressional matters, are not presented to the President for approval, and are not legally binding. A joint resolution is presented to the President after passing both chambers of Congress and has the force of law.)  At any time after the annual budget resolution has been enacted and before the end of the fiscal year, Congress and the President may enact a new budget resolution revising or reaffirming the most recently enacted budget resolution.  The contents of a budget resolution are limited to material that is permitted by the Congressional Budget Act of 1974. For purposes of congressional budget enforcement and the rules of the House and the Senate, the budget resolution is enforceable upon the earlier of enactment or 15 days following presentment to the President. 
feat_title: Legally Binding Budget Act of 2015