; and (B) in paragraph (3)— (i) by striking On or before January 15 of each year and inserting On or before April 15 of each year ; (ii) by striking September 30 each place it appears and inserting December 31 ; and (iii) by striking October 1 of that calendar year and inserting January 1 of the next calendar year . (2) 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 is as follows: On or before: Action to be completed: First Monday in May President submits to Congress the budget of the President. May 15 Congressional Budget Office submits report to Budget Committees. Not later than 6 weeks after President submits budget Committees submit views and estimates to Budget Committees. July 1 Senate Budget Committee reports concurrent resolution on the budget. July 15 Congress completes action on concurrent resolution on the budget. August 15 Annual appropriation bills may be considered in the House. September 10 House appropriations Committee reports last annual appropriation bill. September 15 Congress completes action on reconciliation legislation. September 30 House completes action on annual appropriation bills. January 1 Fiscal year begins. . (3) Section 301(a) of the Congressional Budget Act of 1974 ( 2 U.S.C. 632(a) ) is amended, in the matter preceding paragraph (1)— (A) by striking the first sentence and inserting On or before July 15 of each year, the Congress shall complete action on a concurrent resolution on the budget for the fiscal year beginning on January 1 of the following year. ; and (B) in the second sentence, by striking October 1 of such year and inserting January 1 of the following year . (4) Section 302 of the Congressional Budget Act of 1974 ( 2 U.S.C. 633 ) is amended— (A) in subsection (a)(5), by striking April 15 and inserting July 15