Page:United States Statutes at Large Volume 124.djvu/37

 124 STAT. 11 PUBLIC LAW 111–139—FEB. 12, 2010 (II) such estimate has been submitted but is no longer valid due to a subsequent amendment to the PAYGO Act; or (III) the designation required pursuant to this subsection has not been made; the budgetary effects of the PAYGO Act shall be deter- mined under subsection (d)(3), provided that this clause shall not apply if a valid designation is subsequently included in that PAYGO Act pursuant to paragraph (1)(C) and a statement is submitted pursuant to subparagraph (B). (B) CONFERENCE REPORTS AND AMENDMENTS BETWEEN HOUSES.— (i) IN GENERAL.—Prior to the adoption of a report of a committee of conference on a PAYGO Act in either House, or disposition of an amendment to an amend- ment between Houses on a PAYGO Act, the Chairmen of the Budget Committees of the House and Senate may jointly submit for printing in the Congressional 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 pas- sage of the Act by the House acting first on the legisla- tion and shall submit, if applicable, an identification of any current policy adjustments made pursuant to section 7 of this title. The timely submission of such a statement, in conjunction with the appropriate des- ignation made pursuant to paragraph (1)(C), shall establish the budgetary effects of the PAYGO Act for the purposes of this Act. (ii) FAILURE TO SUBMIT ESTIMATE.—If such esti- mate has not been submitted prior to the adoption of a report of a committee of conference by either House, or if the designation required pursuant to this subsection has not been made, the budgetary effects of the PAYGO Act shall be determined under sub- section (d)(3). (3) PROCEDURE IN THE SENATE.—In the Senate, upon submission of a statement titled ‘‘Budgetary Effects of PAYGO Legislation’’ by the Chairman of the Senate Budget Committee for printing in the Congressional Record, the Legislative Clerk shall read the statement. (4) JURISDICTION OF THE BUDGET COMMITTEES.—For the purposes of enforcing section 306 of the Congressional Budget Act of 1974, a designation made pursuant to paragraph (1)(A), (1)(B), or (1)(C), that includes only the language specifically prescribed therein, shall not be considered a matter within the jurisdiction of either the Senate or House Committees on the Budget. (b) CBO PAYGO ESTIMATES.— (1) IN GENERAL.— (A) ESTIMATES.—Section 308(a) of the Congressional Budget Act of 1974 is amended by adding at the end the following new paragraph: ‘‘(3) CBO PAYGO ESTIMATES.— ‘‘(A) The Chairs of the Committees on the Budget of the House and Senate, as applicable, shall request from 2 USC 639.