; and (2) by adding at the end the following new paragraphs: (12) The term direct spending has the meaning given to such term in section 250(c)(8) of the Balanced Budget and Emergency Deficit Control Act of 1985. (13) The term biennium means any period of 2 consecutive fiscal years beginning with an even-numbered fiscal year. (14) The term budget year has the meaning given that term in section 250(c)(12) of the Balanced Budget and Emergency Control Act of 1985. . 103. Revision of timetable Section 300 of the Congressional Budget Act of 1974 ( 2 U.S.C. 631 ) is amended to read as follows: 300. Timetable The timetable with respect to the congressional budget process for any Congress is as follows: First Session On or before: Action to be completed: First Monday in February President submits budget. February 15 Congressional Budget Office submits report to Budget Committees. March 1 Committees submit views and estimates to Budget Committees. April 1 Senate Budget Committee reports biennial budget. May 1 Congress completes action on the biennial budget. May 15 Appropriation bills may be considered in the House of Representatives. June 10 House Appropriations Committee reports last annual appropriation bill. October 1 First fiscal year of the biennium begins. Second Session On or before: Action to be completed: First Monday in February President submits budget. February 15 Congressional Budget Office submits report to Budget Committees. June 10 House Appropriations Committee reports last annual appropriation bill. October 1 Second fiscal year of the biennium begins. . 104. Biennial concurrent resolutions on the budget (a) Contents of resolution (1) In general Section 301(a) of the Congressional Budget Act of 1974 ( 2 U.S.C. 632(a) ) is amended— (A) by striking On or before April 15 and all that follows through the following: and inserting the following: On or before May 1 of each odd-numbered calendar year, the Congress shall complete action on a concurrent resolution on the budget for the biennium beginning on