To amend the Budget Control Act of 2011 to eliminate the Joint Select Committee on Deficit Reduction.

Amends the Budget Control Act of 2011 to repeal: (1) establishment of the Joint Select Committee on Deficit Reduction; and (2) the mandatory reduction in discretionary appropriations and direct spending unless a joint committee bill achieving more than $1.2 trillion in deficit reduction is enacted by January 15, 2012 (enforcement of the budget goal).