; (2) an estimate of the costs for any advance appropriations in the bill or resolution for the fiscal year in which the budget authority for those appropriations first becomes effective; and (3) a year-by-year estimate for any provision of the bill or resolution that would have been estimated as affecting direct spending or receipts under section 252 of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 902 ) (as in effect prior to September 30, 2002) if the provision was included in legislation other than an appropriation Act. . (b) Applicability This amendments made by this section shall apply to estimates made on or after the date of enactment of this Act. 603. Portfolio budgeting (a) In general Section 202(e) of the Congressional Budget Act of 1974 ( 2 U.S.C. 602(e) ), as amended by section 601 of this Act, is amended by adding at the end the following: (7) (A) After November 15 of each year, the Director shall submit to the Committee on Fiscal Control and the Budget of the Senate and the Committee on the Budget of the House of Representatives a report that includes— (i) a list of all accounts in each functional category in the portfolio for the respective fiscal year described in subparagraph (B); (ii) levels of budget authority for the previous 5 fiscal years for each account in each functional category, sorted by discretionary and mandatory amounts; (iii) a list of major trust funds in each portfolio and an accounting of the most recently available projection of spending and nongovernmental receipts dedicated to each trust fund; (iv) the projected date of exhaustion under current law for any entitlement authority derived from a trust fund; (v) options to reduce the deficit focused on the major functional categories in the portfolio