; or (3) the last day that the President determines the obligation of the funding in question can no longer be fully accomplished in a prudent manner before its expiration. (d) Deficit reduction (1) In general Funds that are rescinded under this part shall be dedicated only to reducing the deficit or increasing the surplus. (2) Adjustment of levels in the concurrent resolution on the budget Not later than 3 days of session after the date of enactment of an approval bill as provided under this part, the chairs of the Committees on the Budget of the Senate and the House of Representatives shall revise allocations and aggregates and other appropriate levels under the appropriate concurrent resolution on the budget to reflect the rescissions, and the Committees on Appropriations of the House of Representatives and the Senate shall report revised suballocations pursuant to section 302(b) of title III, as appropriate. (3) Adjustments to statutory limits Not later than 3 days after enactment of an approval bill provided under this section, the President shall revise downward by the amount of the rescissions applicable limits under the Balanced Budget and Emergency Deficit Control Act of 1985. 1013. Procedures for Expedited Consideration (a) Expedited Consideration (1) Introduction of approval bill The majority leader of each House or a designee shall (by request) introduce an approval bill as defined in section 1015 not later than the third day of session of that House after the date of receipt of a special message transmitted to the Congress under section 1011(b). (2) Consideration in the house of representatives (A) Referral and reporting Any committee of the House of Representatives to which an approval bill is referred shall report it to the House without amendment not later than the third legislative day after the date of its introduction. If a committee fails to report the bill within that period or the House has adopted a concurrent resolution providing for adjournment sine die at the end of a Congress, such