To amend the Congressional Budget Act of 1974 to establish a point of order to prohibit the extension of the statutory debt limit unless a concurrent resolution on the budget has been agreed to and is in effect, Federal spending is cut and capped, and a balanced budget amendment to the constitution has been sent to the States for ratification, and for other purposes.
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 ``Congressional Accountability in Budgeting and Spending Act''.
SEC. 2. POINT OF ORDER AGAINST CONSIDERATION OF DEBT LIMIT EXTENSION.
(a) In General.--Title III of the Congressional Budget Act of 1974 is amended by adding at the end the following new section:
``SEC. 316. POINT OF ORDER AGAINST CONSIDERATION OF EXTENSION OF STATUTORY DEBT LIMIT.
``(a) Point of Order Against Consideration of Extension of Statutory Debt Limit.--It shall not be in order in the House of Representatives or the Senate to consider any bill or joint resolution, or amendment thereto or conference report thereon, to extend the statutory debt limit unless-- ``(1)(A) in the case of fiscal year 2013, the concurrent resolution on the budget for that fiscal year has been agreed to and is in effect for the fiscal year during which such measure is being considered and provides for an allocation under section 302(a) of new discretionary budget authority for fiscal year 2013 at a level...