A bill to amend the Congressional Budget Act of 1974 to provide for a two-year budgeting cycle, to provide for separate and timely consideration each of authorizing legislation, budget resolutions, and appropriations, and for other purposes.

Biennial Budgeting Act of 1987 - Amends the Congressional Budget Act of 1974 to revise the Federal and congressional budget process by: (1) establishing a two-year budgeting cycle beginning in the 101st Congress; and (2) providing for the separate consideration of authorizations, appropriations, the concurrent resolution on the budget, and the reconciliation bill or resolution. Requires...