Page:United States Statutes at Large Volume 124.djvu/36

 124 STAT. 10 PUBLIC LAW 111–139—FEB. 12, 2010 (B) SENATE.—To establish the budgetary effects of a PAYGO Act consistent with the determination made by the Chairman of the Senate Budget Committee, a PAYGO Act originated in or amended by the Senate shall include the following statement: ‘‘The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As- You-Go-Act of 2010, shall be determined by reference to the latest statement titled ‘Budgetary Effects of PAYGO Legislation’ for this Act, submitted for printing in the Congressional Record by the Chairman of the Senate Budget Committee, provided that such statement has been submitted prior to the vote on passage.’’. (C) CONFERENCE REPORTS AND AMENDMENTS BETWEEN THE HOUSES.—To establish the budgetary effects of the conference report on a PAYGO Act, or an amendment to an amendment between Houses on a PAYGO Act, which if estimated shall be estimated jointly by the Chairmen of the House and Senate Budget Committees, the con- ference report or amendment between the Houses shall include the following statement: ‘‘The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go-Act of 2010, shall be determined by ref- erence to the latest statement titled ‘Budgetary Effects of PAYGO Legislation’ for this Act, jointly submitted for printing in the Congressional Record by the Chairmen of the House and Senate Budget Committees, provided that such statement has been submitted prior to the vote on passage in the House acting first on this conference report or amendment between the Houses.’’. (2) DETERMINATION OF BUDGETARY EFFECTS OF PAYGO ACTS.— (A) ORIGINAL LEGISLATION.— (i) STATEMENT AND ESTIMATE.—Prior to a vote on passage of a PAYGO Act originated or amended by one House, the Chairman of the Budget Committee of that House may submit for printing in the Congres- sional Record a statement titled ‘‘Budgetary Effects of PAYGO Legislation’’ which shall include an estimate of the budgetary effects of that Act, if available prior to passage of the Act by that House and shall submit, if applicable, an identification of any current policy adjustments made pursuant to section 7 of this Act. The timely submission of such a statement, in conjunc- tion with the appropriate designation made pursuant to paragraph (1)(A) or (1)(B), as applicable, shall estab- lish the budgetary effects of the PAYGO Act for the purposes of this Act. (ii) EFFECT.—The latest statement submitted by the Chairman of the Budget Committee of that House prior to passage shall supersede any prior statements submitted in the Congressional Record and shall be valid only if the PAYGO Act is not further amended by either House. (iii) FAILURE TO SUBMIT ESTIMATE.—If — (I) the estimate required by clause (i) has not been submitted prior to passage by that House;