; and (ii) 15 Members that are members of the minority party in the Senate. . (5) Automatic adjustment of debt limit and statutory caps Title III of the Congressional Budget Act of 1974 ( 2 U.S.C. 631 et seq.) is amended by adding at the end the following: 316. Automatic adjustment of debt limit and statutory caps (a) Definition In this section, the term covered concurrent resolution on the budget — (1) means a concurrent resolution on the budget for a biennium adopted under section 301 that contains text in the form specified under subsection (b) of this section applicable to the type of concurrent resolution on the budget