not be counted towards spending reductions required by this paragraph. (2) Calculation The spending savings under paragraph (1) shall be calculated against a budget baseline consistent with section 257 of the Balanced Budget and Emergency Deficit Control Act of 1985. This baseline shall exclude the extrapolation of any spending that had been enacted under an emergency designation. . (b) Subchapter analysis The table of sections for chapter 31 of title 31, United States Code, is amended by inserting after the item for section 3101A the following: 3101B. Debt limit control. . 3. Congressional requirement to restrain spending while raising the debt limit (a) In general Title III of the Congress and Budget Act of 1974 ( 2 U.S.C. 631 et seq.) is amended by inserting at the end the following: 316. Debt limit increase point of order (a) In general (1) Point of order Except as provided in subsection (b), it shall not be in order in the Senate or the House of Representatives to consider any bill, joint resolution, amendment, motion, or conference report that increases the statutory debt limit unless the bill contains net spending reductions of an equal or greater amount over the sum of the current and next 10 fiscal years. Net interest savings may not be counted towards spending reductions required by this paragraph. (2) Components of net spending reduction (A) Calculation The savings resulting from the proposed spending reductions under paragraph (1) shall be calculated by the Congressional Budget Office against a budget baseline consistent with section 257 of the Balanced Budget and Emergency Deficit Control Act of 1985. This baseline shall exclude the extrapolation of any spending that had been enacted under an emergency designation. (B) Availability The Senate and the House of Representatives may not vote on any bill, joint resolution, amendment, motion, or conference report that increases the public debt limit unless the cost estimate of that measure prepared by the Congressional Budget Office has been publicly