Amends subsection (f) of 2 U.S.C. 643 by inserting additional text at a location before the existing text; the specific inserted language is not included in the provided excerpt.

Amends section 300 of the Congressional Budget Act of 1974 (2 U.S.C. 631) by replacing its text; the amended text provides the heading '300 Timetable' and the introductory sentence about the timetable for the congressional budget process.

Redesignates existing paragraphs (6) through (11) as paragraphs (7) through (12) and inserts a new paragraph (6) defining the term 'annual budget Act' as an Act itemizing all Federal budget authority and revenue through contributions of the appropriations committees and each other committee receiving allocations under section 302(a).

Amends the text of section 314(g)(1)(A) by replacing language referring to the Committee on Appropriations reporting an 'appropriation measure' with language referring to the Committee on the Budget reporting an 'annual budget Act'.

Amends the matter following paragraph (3) of section 401(a) by striking 'appropriation Acts' and inserting 'an annual budget Act'.

Amends section 3(15)(A)(ii) of the Lobbying Disclosure Act of 1995 by striking the phrase 'section 3(8) of the Congressional Budget and Impoundment Control Act of 1974' and inserting nothing (removing that cross-reference).

Amends subsection (3) by striking the phrase 'deficit under section 3(6) of the Congressional Budget and Impoundment Control Act of 1974' and inserting nothing (removing that cross-reference).

Modifies the introductory matter of 2 U.S.C. 653 by removing the parenthetical exception for the Committee on Appropriations and adding a requirement that the Director of the Congressional Budget Office also prepare analyses for submissions by a committee of a House to that House's Committee on the Budget recommending direct spending or revenue changes to be included under section 302(d) in an annual budget act.

Replaces the current text of 2 U.S.C. 640 (section 309 of the Congressional Budget Act of 1974) to require House approval of an 'annual budget Act' (including specified line-item levels and committee-submitted changes) before permitting adjournments in July longer than three calendar days, and changes wording regarding the Committee on Appropriations chair's advice to the Speaker.

Replaces existing section 307 of the Congressional Budget Act of 1974 (2 U.S.C. 638) to require the House Committee on the Budget to report the annual budget act by June 10 each year, specifying the contents to include new budget authority for House Appropriations subcommittees and line items/recommended changes submitted by other House committees, and to include baseline line items if other committees fail to submit required items.