Establishing the congressional budget for the United States Government for fiscal year 2007 and setting forth appropriate budgetary levels for fiscal years 2008 through 2011.

[AI summary unavailable — showing source text] Sets forth the congressional budget for the federal government for FY2007, including the appropriate budgetary levels for FY2008-FY2011. Lists recommended budgetary levels and amounts for FY2007-FY2011 with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY2007-FY2011. Sets forth reconciliation instructions for the Committees on: (1) Agriculture; (2) Armed Services; (3) Education and the Workforce; (4) Energy and Commerce; (5) Government Reform; (6) Resources; (7) Transportation and Infrastructure; and (8) Ways and Means. Requires the Committee on Ways and Means to report a reconciliation bill providing for revenue reduction. Requires the Committee on Veterans' Affairs to submit to the Committee on the Budget its findings that identify savings amounting to 1% of total spending under its jurisdiction from activities that are wasteful, unnecessary, or lower-priority. Establishes a reserve fund for emergencies. Prohibits House legislation that would require ad…