Text: H.Con.Res.64 — 103rd Congress (1993-1994)All Information (Except Text)

Text available as:

  • TXT
  • PDF (PDF provides a complete and accurate display of this text.) Tip?

Shown Here:
Enrolled Bill

 
[Congressional Bills 103th Congress]
[From the U.S. Government Printing Office]
[H. Con. Res. 64 Enrolled Bill (ENR)]

        H.Con.Res.64
                                           Agreed to April 1, 1993      
                       One Hundred Third Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

          Begun and held at the City of Washington on Tuesday,
  the fifth day of January, one thousand nine hundred and ninety-three


                          Concurrent Resolution

    Resolved by the House of Representatives (the Senate concurring),
SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 1994.
    (a) Declaration.--The Congress determines and declares that this 
resolution is the concurrent resolution on the budget for fiscal year 
1994, including the appropriate budgetary levels for fiscal years 1995, 
1996, 1997, and 1998, as required by section 301 of the Congressional 
Budget Act of 1974 (as amended by the Budget Enforcement Act of 1990).
    (b) Table of Contents.--The table of contents for this concurrent 
resolution is as follows:
Sec. 1. Concurrent resolution on the budget for fiscal year 1994.
Sec. 2. Recommended levels and amounts.
Sec. 3. Debt increase as a measure of deficit.
Sec. 4. Display of Federal retirement trust fund balances.
Sec. 5. Social security.
Sec. 6. Major functional categories.
Sec. 7. Reconciliation.
Sec. 8. Sale of Government assets.
Sec. 9. Deficit-neutral reserve fund in the Senate.
Sec. 10. Social security fire wall point of order in the Senate.
Sec. 11. Sense of the House regarding tax revenues and deficit 
          reduction.
Sec. 12. Enforcement procedures.
Sec. 13. Sense of the Senate provisions.

SEC. 2. RECOMMENDED LEVELS AND AMOUNTS.

    The following budgetary levels are appropriate for the fiscal years 
1994, 1995, 1996, 1997, and 1998:
        (1) Federal revenues.--(A) For purposes of comparison with the 
    maximum deficit amount under sections 601(a)(1) and 606 of the 
    Congressional Budget Act of 1974 and for purposes of the enforcement 
    of this resolution--
            (i) The recommended levels of Federal revenues are as 
        follows:
                Fiscal year 1994: $905,500,000,000.
                Fiscal year 1995: $973,800,000,000.
                Fiscal year 1996: $1,037,600,000,000.
                Fiscal year 1997: $1,093,300,000,000.
                Fiscal year 1998: $1,143,200,000,000.
            (ii) The amounts by which the aggregate levels of Federal 
        revenues should be increased are as follows:
                Fiscal year 1994: $27,400,000,000.
                Fiscal year 1995: $40,400,000,000.
                Fiscal year 1996: $58,000,000,000.
                Fiscal year 1997: $73,600,000,000.
                Fiscal year 1998: $73,200,000,000.
            (iii) The amounts for Federal Insurance Contributions Act 
        revenues for hospital insurance within the recommended levels of 
        Federal revenues are as follows:
                Fiscal year 1994: $90,200,000,000.
                Fiscal year 1995: $98,800,000,000.
                Fiscal year 1996: $104,200,000,000.
                Fiscal year 1997: $109,100,000,000.
                Fiscal year 1998: $114,000,000,000.
        (B) For purposes of section 710 of the Social Security Act 
    (excluding the receipts and disbursements of the Hospital Insurance 
    Trust Fund)--
            (i) The recommended levels of Federal revenues are as 
        follows:
                Fiscal year 1994: $812,400,000,000.
                Fiscal year 1995: $858,900,000,000.
                Fiscal year 1996: $926,500,000,000.
                Fiscal year 1997: $976,500,000,000.
                Fiscal year 1998: $1,020,700,000,000.
            (ii) The amounts by which the aggregate levels of Federal 
        revenues should be increased are as follows:
                Fiscal year 1994: $21,800,000,000.
                Fiscal year 1995: $28,300,000,000.
                Fiscal year 1996: $44,700,000,000.
                Fiscal year 1997: $59,100,000,000.
                Fiscal year 1998: $57,600,000,000.
        (2) New budget authority.--(A) For purposes of comparison with 
    the maximum deficit amount under sections 601(a)(1) and 606 of the 
    Congressional Budget Act of 1974 and for purposes of the enforcement 
    of this resolution, the appropriate levels of total new budget 
    authority are as follows:
            Fiscal year 1994: $1,223,400,000,000.
            Fiscal year 1995: $1,289,600,000,000.
            Fiscal year 1996: $1,347,500,000,000.
            Fiscal year 1997: $1,409,900,000,000.
            Fiscal year 1998: $1,474,500,000,000.
        (B) For purposes of section 710 of the Social Security Act 
    (excluding the receipts and disbursements of the Hospital Insurance 
    Trust Fund), the appropriate levels of total new budget authority 
    are as follows:
            Fiscal year 1994: $1,136,400,000,000.
            Fiscal year 1995: $1,192,100,000,000.
            Fiscal year 1996: $1,239,100,000,000.
            Fiscal year 1997: $1,290,300,000,000.
            Fiscal year 1998: $1,341,800,000,000.
        (3) Budget outlays.--(A) For purposes of comparison with the 
    maximum deficit amount under sections 601(a)(1) and 606 of the 
    Congressional Budget Act of 1974 and for purposes of the enforcement 
    of this resolution, the appropriate levels of total budget outlays 
    are as follows:
            Fiscal year 1994: $1,218,300,000,000.
            Fiscal year 1995: $1,280,600,000,000.
            Fiscal year 1996: $1,323,200,000,000.
            Fiscal year 1997: $1,371,300,000,000.
            Fiscal year 1998: $1,435,900,000,000.
        (B) For purposes of section 710 of the Social Security Act 
    (excluding the receipts and disbursements of the Hospital Insurance 
    Trust Fund), the appropriate levels of total budget outlays are as 
    follows:
            Fiscal year 1994: $1,133,000,000,000.
            Fiscal year 1995: $1,184,500,000,000.
            Fiscal year 1996: $1,216,100,000,000.
            Fiscal year 1997: $1,252,300,000,000.
            Fiscal year 1998: $1,303,600,000,000.
        (4) Deficits.--(A) For purposes of comparison with the maximum 
    deficit amount under sections 601(a)(1) and 606 of the Congressional 
    Budget Act of 1974 and for purposes of the enforcement of this 
    resolution, the amounts of the deficits are as follows:
            Fiscal year 1994: $312,800,000,000.
            Fiscal year 1995: $306,800,000,000.
            Fiscal year 1996: $285,600,000,000.
            Fiscal year 1997: $278,000,000,000.
            Fiscal year 1998: $292,700,000,000.
        (B) For purposes of section 710 of the Social Security Act 
    (excluding the receipts and disbursements of the Hospital Insurance 
    Trust Fund), the amounts of the deficits are as follows:
            Fiscal year 1994: $320,600,000,000.
            Fiscal year 1995: $315,600,000,000.
            Fiscal year 1996: $299,600,000,000.
            Fiscal year 1997: $275,800,000,000.
            Fiscal year 1998: $282,900,000,000.
        (5) Public debt.--The appropriate levels of the public debt are 
    as follows:
            Fiscal year 1994: $4,731,900,000,000.
            Fiscal year 1995: $5,097,900,000,000.
            Fiscal year 1996: $5,453,700,000,000.
            Fiscal year 1997: $5,812,700,000,000.
            Fiscal year 1998: $6,182,400,000,000.
        (6) Direct loan obligations.--The appropriate levels of total 
    new direct loan obligations are as follows:
            Fiscal year 1994: $11,600,000,000.
            Fiscal year 1995: $14,500,000,000.
            Fiscal year 1996: $21,600,000,000.
            Fiscal year 1997: $31,900,000,000.
            Fiscal year 1998: $38,100,000,000.
        (7) Primary loan guarantee commitments.--The appropriate levels 
    of new primary loan guarantee commitments are as follows:
            Fiscal year 1994: $149,700,000,000.
            Fiscal year 1995: $146,900,000,000.
            Fiscal year 1996: $144,200,000,000.
            Fiscal year 1997: $138,800,000,000.
            Fiscal year 1998: $136,100,000,000.

SEC. 3. DEBT INCREASE AS A MEASURE OF DEFICIT.

    The amounts of the increase in the public debt subject to limitation 
are as follows:
        Fiscal year 1994: $372,300,000,000.
        Fiscal year 1995: $366,000,000,000.
        Fiscal year 1996: $355,800,000,000.
        Fiscal year 1997: $359,100,000,000.
        Fiscal year 1998: $369,700,000,000.
SEC. 4. DISPLAY OF FEDERAL RETIREMENT TRUST FUND BALANCES.
    The balances of the Federal retirement trust funds are as follows:
        Fiscal year 1994: $1,056,500,000,000.
        Fiscal year 1995: $1,171,600,000,000.
        Fiscal year 1996: $1,294,700,000,000.
        Fiscal year 1997: $1,420,200,000,000.
        Fiscal year 1998: $1,544,600,000,000.

SEC. 5. SOCIAL SECURITY.

    (a) Social Security Revenues.--For purposes of Senate enforcement 
under sections 302 and 311 of the Congressional Budget Act of 1974, the 
amounts of revenues of the Federal Old-Age and Survivors Insurance Trust 
Fund and the Federal Disability Insurance Trust Fund are as follows:
        Fiscal year 1994: $336,289,000,000.
        Fiscal year 1995: $356,423,000,000.
        Fiscal year 1996: $375,708,000,000.
        Fiscal year 1997: $393,038,000,000.
        Fiscal year 1998: $410,528,000,000.
    (b) Social Security Outlays.--For purposes of Senate enforcement 
under sections 302 and 311 of the Congressional Budget Act of 1974, the 
amounts of outlays of the Federal Old-Age and Survivors Insurance Trust 
Fund and the Federal Disability Insurance Trust Fund are as follows:
        Fiscal year 1994: $274,813,000,000.
        Fiscal year 1995: $286,457,000,000.
        Fiscal year 1996: $297,401,000,000.
        Fiscal year 1997: $308,456,000,000.
        Fiscal year 1998: $319,408,000,000.

SEC. 6. MAJOR FUNCTIONAL CATEGORIES.

    The Congress determines and declares that the appropriate levels of 
new budget authority, budget outlays, new direct loan obligations, new 
primary loan guarantee commitments, and new secondary loan guarantee 
commitments for fiscal years 1994 through 1998 for each major functional 
category are:
        (1) National Defense (050):
            Fiscal year 1994:
                (A) New budget authority, $263,400,000,000.
                (B) Outlays, $277,000,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $500,000,000.
            Fiscal year 1995:
                (A) New budget authority, $262,400,000,000.
                (B) Outlays, $272,100,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $500,000,000.
            Fiscal year 1996:
                (A) New budget authority, $253,600,000,000.
                (B) Outlays, $264,700,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $500,000,000.
            Fiscal year 1997:
                (A) New budget authority, $248,100,000,000.
                (B) Outlays, $248,900,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $500,000,000.
            Fiscal year 1998:
                (A) New budget authority, $253,900,000,000.
                (B) Outlays, $252,400,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $500,000,000.
        (2) International Affairs (150):
            Fiscal year 1994:
                (A) New budget authority, $19,700,000,000.
                (B) Outlays, $18,900,000,000.
                (C) New direct loan obligations, $2,700,000,000.
                (D) New primary loan guarantee commitments, 
            $16,900,000,000.
            Fiscal year 1995:
                (A) New budget authority, $18,900,000,000.
                (B) Outlays, $18,300,000,000.
                (C) New direct loan obligations, $2,800,000,000.
                (D) New primary loan guarantee commitments, 
            $17,300,000,000.
            Fiscal year 1996:
                (A) New budget authority, $17,900,000,000.
                (B) Outlays, $17,500,000,000.
                (C) New direct loan obligations, $2,800,000,000.
                (D) New primary loan guarantee commitments, 
            $17,800,000,000.
            Fiscal year 1997:
                (A) New budget authority, $17,700,000,000.
                (B) Outlays, $17,100,000,000.
                (C) New direct loan obligations, $2,800,000,000.
                (D) New primary loan guarantee commitments, 
            $18,200,000,000.
            Fiscal year 1998:
                (A) New budget authority, $17,500,000,000.
                (B) Outlays, $17,000,000,000.
                (C) New direct loan obligations, $2,900,000,000.
                (D) New primary loan guarantee commitments, 
            $18,700,000,000.
        (3) General Science, Space, and Technology (250):
            Fiscal year 1994:
                (A) New budget authority, $18,100,000,000.
                (B) Outlays, $17,600,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $19,300,000,000.
                (B) Outlays, $18,600,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $20,100,000,000.
                (B) Outlays, $19,600,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $20,800,000,000.
                (B) Outlays, $20,400,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $21,300,000,000.
                (B) Outlays, $21,100,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (4) Energy (270):
            Fiscal year 1994:
                (A) New budget authority, $4,800,000,000.
                (B) Outlays, $3,800,000,000.
                (C) New direct loan obligations, $1,800,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $5,900,000,000.
                (B) Outlays, $4,100,000,000.
                (C) New direct loan obligations, $1,800,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $5,100,000,000.
                (B) Outlays, $4,000,000,000.
                (C) New direct loan obligations, $1,800,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $5,200,000,000.
                (B) Outlays, $4,200,000,000.
                (C) New direct loan obligations, $1,800,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $5,400,000,000.
                (B) Outlays, $4,100,000,000.
                (C) New direct loan obligations, $1,800,000,000.
                (D) New primary loan guarantee commitments, $0.
        (5) Natural Resources and Environment (300):
            Fiscal year 1994:
                (A) New budget authority, $20,600,000,000.
                (B) Outlays, $20,800,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $22,600,000,000.
                (B) Outlays, $20,800,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $22,300,000,000.
                (B) Outlays, $21,500,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $22,500,000,000.
                (B) Outlays, $21,900,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $22,500,000,000.
                (B) Outlays, $21,900,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
        (6) Agriculture (350):
            Fiscal year 1994:
                (A) New budget authority, $15,200,000,000.
                (B) Outlays, $14,400,000,000.
                (C) New direct loan obligations, $600,000,000.
                (D) New primary loan guarantee commitments, 
            $7,000,000,000.
            Fiscal year 1995:
                (A) New budget authority, $13,800,000,000.
                (B) Outlays, $12,400,000,000.
                (C) New direct loan obligations, $600,000,000.
                (D) New primary loan guarantee commitments, 
            $7,000,000,000.
            Fiscal year 1996:
                (A) New budget authority, $12,900,000,000.
                (B) Outlays, $10,900,000,000.
                (C) New direct loan obligations, $600,000,000.
                (D) New primary loan guarantee commitments, 
            $7,000,000,000.
            Fiscal year 1997:
                (A) New budget authority, $12,600,000,000.
                (B) Outlays, $10,700,000,000.
                (C) New direct loan obligations, $700,000,000.
                (D) New primary loan guarantee commitments, 
            $7,100,000,000.
            Fiscal year 1998:
                (A) New budget authority, $12,600,000,000.
                (B) Outlays, $10,900,000,000.
                (C) New direct loan obligations, $700,000,000.
                (D) New primary loan guarantee commitments, 
            $7,100,000,000.
        (7) Commerce and Housing Credit (370):
            Fiscal year 1994:
                (A) New budget authority, $16,900,000,000.
                (B) Outlays, $8,600,000,000.
                (C) New direct loan obligations, $2,700,000,000.
                (D) New primary loan guarantee commitments, 
            $78,100,000,000.
            Fiscal year 1995:
                (A) New budget authority, $16,900,000,000.
                (B) Outlays, $13,100,000,000.
                (C) New direct loan obligations, $2,700,000,000.
                (D) New primary loan guarantee commitments, 
            $80,100,000,000.
            Fiscal year 1996:
                (A) New budget authority, $13,700,000,000.
                (B) Outlays, $3,400,000,000.
                (C) New direct loan obligations, $2,800,000,000.
                (D) New primary loan guarantee commitments, 
            $82,100,000,000.
            Fiscal year 1997:
                (A) New budget authority, $9,600,000,000.
                (B) Outlays, ^$10,500,000,000.
                (C) New direct loan obligations, $2,900,000,000.
                (D) New primary loan guarantee commitments, 
            $84,100,000,000.
            Fiscal year 1998:
                (A) New budget authority, $10,400,000,000.
                (B) Outlays, ^$7,100,000,000.
                (C) New direct loan obligations, $2,900,000,000.
                (D) New primary loan guarantee commitments, 
            $86,300,000,000.
        (8) Transportation (400):
            Fiscal year 1994:
                (A) New budget authority, $40,600,000,000.
                (B) Outlays, $36,500,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $41,000,000,000.
                (B) Outlays, $37,500,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $42,200,000,000.
                (B) Outlays, $39,200,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $43,700,000,000.
                (B) Outlays, $40,700,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $44,900,000,000.
                (B) Outlays, $42,000,000,000.
                (C) New direct loan obligations, $100,000,000.
                (D) New primary loan guarantee commitments, $0.
        (9) Community and Regional Development (450):
            Fiscal year 1994:
                (A) New budget authority, $9,000,000,000.
                (B) Outlays, $8,800,000,000.
                (C) New direct loan obligations, $2,100,000,000.
                (D) New primary loan guarantee commitments, 
            $2,400,000,000.
            Fiscal year 1995:
                (A) New budget authority, $8,600,000,000.
                (B) Outlays, $8,300,000,000.
                (C) New direct loan obligations, $2,100,000,000.
                (D) New primary loan guarantee commitments, 
            $2,500,000,000.
            Fiscal year 1996:
                (A) New budget authority, $8,800,000,000.
                (B) Outlays, $8,100,000,000.
                (C) New direct loan obligations, $2,200,000,000.
                (D) New primary loan guarantee commitments, 
            $2,500,000,000.
            Fiscal year 1997:
                (A) New budget authority, $8,900,000,000.
                (B) Outlays, $8,300,000,000.
                (C) New direct loan obligations, $2,300,000,000.
                (D) New primary loan guarantee commitments, 
            $2,600,000,000.
            Fiscal year 1998:
                (A) New budget authority, $9,200,000,000.
                (B) Outlays, $8,600,000,000.
                (C) New direct loan obligations, $2,300,000,000.
                (D) New primary loan guarantee commitments, 
            $2,600,000,000.
        (10) Education, Training, Employment, and Social Services (500):
            Fiscal year 1994:
                (A) New budget authority, $55,800,000,000.
                (B) Outlays, $52,100,000,000.
                (C) New direct loan obligations, $400,000,000.
                (D) New primary loan guarantee commitments, 
            $20,700,000,000.
            Fiscal year 1995:
                (A) New budget authority, $59,200,000,000.
                (B) Outlays, $54,800,000,000.
                (C) New direct loan obligations, $3,300,000,000.
                (D) New primary loan guarantee commitments, 
            $19,600,000,000.
            Fiscal year 1996:
                (A) New budget authority, $62,800,000,000.
                (B) Outlays, $54,900,000,000.
                (C) New direct loan obligations, $10,100,000,000.
                (D) New primary loan guarantee commitments, 
            $13,700,000,000.
            Fiscal year 1997:
                (A) New budget authority, $65,100,000,000.
                (B) Outlays, $62,100,000,000.
                (C) New direct loan obligations, $20,100,000,000.
                (D) New primary loan guarantee commitments, 
            $5,000,000,000.
            Fiscal year 1998:
                (A) New budget authority, $67,400,000,000.
                (B) Outlays, $64,800,000,000.
                (C) New direct loan obligations, $26,200,000,000.
                (D) New primary loan guarantee commitments, $0.
        (11) Health (550):
            Fiscal year 1994:
                (A) New budget authority, $119,000,000,000.
                (B) Outlays, $118,100,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $400,000,000.
            Fiscal year 1995:
                (A) New budget authority, $133,100,000,000.
                (B) Outlays, $131,700,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $400,000,000.
            Fiscal year 1996:
                (A) New budget authority, $148,200,000,000.
                (B) Outlays, $146,800,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $500,000,000.
            Fiscal year 1997:
                (A) New budget authority, $163,700,000,000.
                (B) Outlays, $162,100,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $500,000,000.
            Fiscal year 1998:
                (A) New budget authority, $180,600,000,000.
                (B) Outlays, $178,800,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, 
            $500,000,000.
        (12) Medicare (570):
            Fiscal year 1994:
                (A) New budget authority, $151,200,000,000.
                (B) Outlays, $149,800,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $171,600,000,000.
                (B) Outlays, $167,300,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $184,200,000,000.
                (B) Outlays, $183,000,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $201,600,000,000.
                (B) Outlays, $201,000,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $221,500,000,000.
                (B) Outlays, $221,100,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (13) For purposes of section 710 of the Social Security Act, 
    Federal Supplementary Medical Insurance Trust Fund:
            Fiscal year 1994:
                (A) New budget authority, $51,200,000,000.
                (B) Outlays, $51,500,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $61,300,000,000.
                (B) Outlays, $58,400,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $63,700,000,000.
                (B) Outlays, $63,800,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $71,200,000,000.
                (B) Outlays, $71,200,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $80,000,000,000.
                (B) Outlays, $80,000,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (14) Income Security (600):
            Fiscal year 1994:
                (A) New budget authority, $211,100,000,000.
                (B) Outlays, $210,800,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $222,800,000,000.
                (B) Outlays, $223,400,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $237,800,000,000.
                (B) Outlays, $232,200,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $252,200,000,000.
                (B) Outlays, $243,000,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $253,400,000,000.
                (B) Outlays, $252,300,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (15) Social Security (650):
            Fiscal year 1994:
                (A) New budget authority, $6,100,000,000.
                (B) Outlays, $8,900,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $6,700,000,000.
                (B) Outlays, $9,600,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $7,300,000,000.
                (B) Outlays, $10,300,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $7,900,000,000.
                (B) Outlays, $11,000,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $8,600,000,000.
                (B) Outlays, $11,700,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (16) Veterans Benefits and Services (700):
            Fiscal year 1994:
                (A) New budget authority, $34,700,000,000.
                (B) Outlays, $36,300,000,000.
                (C) New direct loan obligations, $1,100,000,000.
                (D) New primary loan guarantee commitments, 
            $23,700,000,000.
            Fiscal year 1995:
                (A) New budget authority, $35,400,000,000.
                (B) Outlays, $35,500,000,000.
                (C) New direct loan obligations, $1,000,000,000.
                (D) New primary loan guarantee commitments, 
            $19,500,000,000.
            Fiscal year 1996:
                (A) New budget authority, $36,000,000,000.
                (B) Outlays, $34,600,000,000.
                (C) New direct loan obligations, $1,100,000,000.
                (D) New primary loan guarantee commitments, 
            $20,100,000,000.
            Fiscal year 1997:
                (A) New budget authority, $36,200,000,000.
                (B) Outlays, $36,400,000,000.
                (C) New direct loan obligations, $1,100,000,000.
                (D) New primary loan guarantee commitments, 
            $20,800,000,000.
            Fiscal year 1998:
                (A) New budget authority, $36,800,000,000.
                (B) Outlays, $36,900,000,000.
                (C) New direct loan obligations, $1,100,000,000.
                (D) New primary loan guarantee commitments, 
            $20,400,000,000.
        (17) Administration of Justice (750):
            Fiscal year 1994:
                (A) New budget authority, $15,000,000,000.
                (B) Outlays, $15,300,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $15,300,000,000.
                (B) Outlays, $15,600,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $15,700,000,000.
                (B) Outlays, $15,900,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $16,100,000,000.
                (B) Outlays, $16,100,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $16,700,000,000.
                (B) Outlays, $16,500,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (18) General Government (800):
            Fiscal year 1994:
                (A) New budget authority, $13,000,000,000.
                (B) Outlays, $13,100,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $12,800,000,000.
                (B) Outlays, $14,200,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $13,200,000,000.
                (B) Outlays, $13,900,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $13,800,000,000.
                (B) Outlays, $13,800,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $13,500,000,000.
                (B) Outlays, $13,900,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (19) Net Interest (900):
            Fiscal year 1994:
                (A) New budget authority, $239,900,000,000.
                (B) Outlays, $239,900,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $260,800,000,000.
                (B) Outlays, $260,800,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $280,100,000,000.
                (B) Outlays, $280,100,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $297,700,000,000.
                (B) Outlays, $297,700,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $315,300,000,000.
                (B) Outlays, $315,300,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (20) For purposes of section 710 of the Social Security Act, Net 
    Interest (900):
            Fiscal year 1994:
                (A) New budget authority, $250,400,000,000.
                (B) Outlays, $250,400,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, $271,100,000,000.
                (B) Outlays, $271,000,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, $289,700,000,000.
                (B) Outlays, $289,700,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, $305,900,000,000.
                (B) Outlays, $305,900,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, $321,400,000,000.
                (B) Outlays, $321,400,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (21) The corresponding levels of gross interest on the public 
    debt are as follows:
            Fiscal year 1994: $307,443,000,000.
            Fiscal year 1995: $327,744,000,000.
            Fiscal year 1996: $347,046,000,000.
            Fiscal year 1997: $364,334,000,000.
            Fiscal year 1998: $381,401,000,000.
        (22) Allowances (920):
            Fiscal year 1994:
                (A) New budget authority, ^$0.
                (B) Outlays, ^$0.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, ^$6,000,000,000.
                (B) Outlays, ^$4,200,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, ^$2,700,000,000.
                (B) Outlays, ^$4,000,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, ^$0,700,000,000.
                (B) Outlays, ^$0,300,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, ^$9,900,000,000.
                (B) Outlays, ^$13,200,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (23) Undistributed Offsetting Receipts (950):
            Fiscal year 1994:
                (A) New budget authority, ^$30,700,000,000.
                (B) Outlays, ^$32,400,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, ^$31,500,000,000.
                (B) Outlays, ^$33,300,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, ^$31,700,000,000.
                (B) Outlays, ^$33,400,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, ^$32,300,000,000.
                (B) Outlays, ^$33,300,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, ^$32,100,000,000.
                (B) Outlays, ^$33,100,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
        (24) For purposes of section 710 of the Social Security Act, 
    Undistributed Offsetting Receipts (950):
            Fiscal year 1994:
                (A) New budget authority, ^$28,200,000,000.
                (B) Outlays, ^$29,900,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1995:
                (A) New budget authority, ^$29,000,000,000.
                (B) Outlays, ^$30,800,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1996:
                (A) New budget authority, ^$29,200,000,000.
                (B) Outlays, ^$30,900,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1997:
                (A) New budget authority, ^$29,700,000,000.
                (B) Outlays, ^$30,700,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.
            Fiscal year 1998:
                (A) New budget authority, ^$29,400,000,000.
                (B) Outlays, ^$30,400,000,000.
                (C) New direct loan obligations, $0.
                (D) New primary loan guarantee commitments, $0.

SEC. 7. RECONCILIATION.

    (a) Committees on Ways and Means and Finance.--Not later than April 
2, 1993, the House Committee on Ways and Means and the Senate Committee 
on Finance shall submit to their respective Houses reconciliation 
legislation containing recommendations to change laws to increase the 
statutory limit on the public debt to not more than $4,370,000,000,000.
    (b) Senate Committees.--Not later than June 18, 1993, the committees 
named in this subsection shall submit their recommendations to the 
Committee on the Budget of the Senate. After receiving those 
recommendations, the Committee on the Budget shall report to the Senate 
a reconciliation bill carrying out all such recommendations without any 
substantive revision.
        (1) Committee on agriculture, nutrition, and forestry.--The 
    Senate Committee on Agriculture, Nutrition, and Forestry shall 
    report changes in laws within its jurisdiction to reduce the deficit 
    $118,000,000 in fiscal year 1994 and $3,170,000,000 for the period 
    of fiscal years 1994 through 1998.
        (2) Committee on armed services.--The Senate Committee on Armed 
    Services shall report changes in laws within its jurisdiction to 
    reduce the deficit $128,000,000 in fiscal year 1994 and 
    $2,361,000,000 for the period of fiscal years 1994 through 1998.
        (3) Committee on banking, housing, and urban affairs.--The 
    Senate Committee on Banking, Housing, and Urban Affairs shall report 
    changes in laws within its jurisdiction to reduce the deficit 
    $401,000,000 in fiscal year 1994 and $3,131,000,000 for the period 
    of fiscal years 1994 through 1998.
        (4) Committee on commerce, science, and transportation.--The 
    Senate Committee on Commerce, Science, and Transportation shall 
    report changes in laws within its jurisdiction to reduce the deficit 
    $1,700,000,000 in fiscal year 1994 and $7,405,000,000 for the period 
    of fiscal years 1994 through 1998.
        (5) Committee on energy and natural resources.--The Senate 
    Committee on Energy and Natural Resources shall report changes in 
    laws within its jurisdiction to reduce the deficit $118,000,000 in 
    fiscal year 1994 and $737,000,000 for the period of fiscal years 
    1994 through 1998.
        (6) Committee on environment and public works.--The Senate 
    Committee on Environment and Public Works shall report changes in 
    laws within its jurisdiction to reduce the deficit $13,000,000 in 
    fiscal year 1994 and $1,254,000,000 for the period of fiscal years 
    1994 through 1998.
        (7) Committee on finance.--(A) The Senate Committee on Finance 
    shall report changes in laws within its jurisdiction that provide 
    direct spending (as defined in section 250(c)(8) of the Balanced 
    Budget and Emergency Deficit Control Act of 1985) to reduce outlays 
    $2,346,000,000 in fiscal year 1994 and $35,157,000,000 for the 
    period of fiscal years 1994 through 1998.
        (B) The Senate Committee on Finance shall report changes in laws 
    within its jurisdiction to increase revenues $27,293,000,000 in 
    fiscal year 1994 and $272,105,000,000 for the period of fiscal years 
    1994 through 1998.
        (C) The Senate Committee on Finance shall report changes in laws 
    to increase the statutory limit on the public debt to not more than 
    $4,900,000,000,000.
        (8) Committee on foreign relations.--The Senate Committee on 
    Foreign Relations shall report changes in laws within its 
    jurisidction to reduce the deficit $5,000,000 for the period of 
    fiscal years 1994 through 1998.
        (9) Committee on governmental affairs.--The Senate Committee on 
    Governmental Affairs shall report changes in laws within its 
    jurisdiction to reduce the deficit $77,000,000 in fiscal year 1994 
    and $10,638,000,000 for the period of fiscal years 1994 through 
    1998.
        (10) Committee on the judiciary.--The Senate Committee on the 
    Judiciary shall report changes in laws within its jurisdiction to 
    reduce the deficit $345,000,000 for the period of fiscal years 1994 
    through 1998.
        (11) Committee on labor and human resources.--The Senate 
    Committee on Labor and Human Resources shall report changes in laws 
    within its jurisdiction to reduce the deficit $4,571,000,000 for the 
    period of fiscal years 1994 through 1998.
        (12) Committee on veterans' affairs.--The Senate Committee on 
    Veterans' Affairs shall report changes in laws within its 
    jurisdiction to reduce the deficit $266,000,000 in fiscal year 1994 
    and $2,580,000,000 for the period of fiscal years 1994 through 1998.
    (c) House Committees.--Not later than May 14, 1993, the committees 
named in this subsection shall submit their recommendations to the 
Committee on the Budget of the House of Representatives. After receiving 
those recommendations, the Committee on the Budget shall report to the 
House of Representatives a reconciliation bill carrying out all such 
recommendations without any substantive revision.
        (1) Committee on agriculture.--The Committee on Agriculture 
    shall report changes in laws within its jurisdiction sufficient to 
    reduce the deficit, as follows: $98,000,000 in fiscal year 1994, 
    $119,000,000 in fiscal year 1995, $515,000,000 in fiscal year 1996, 
    $1,041,000,000 in fiscal year 1997, and $1,177,000,000 in fiscal 
    year 1998, and program changes in laws within its jurisdiction, 
    sufficient to result in an increase of outlays as follows: 
    $523,000,000 in fiscal year 1994, $1,524,000,000 in fiscal year 
    1995, $1,527,000,000 in fiscal year 1996, $1,533,000,000 in fiscal 
    year 1997, and $1,551,000,000 in fiscal year 1998.
        (2) Committee on armed services.--The House Committee on Armed 
    Services shall report changes in laws within its jurisdiction that 
    provide direct spending sufficient to reduce outlays, as follows: 
    $128,000,000 in fiscal year 1994, $292,000,000 in fiscal year 1995, 
    $457,000,000 in fiscal year 1996, $643,000,000 in fiscal year 1997, 
    and $841,000,000 in fiscal year 1998, and program changes in laws 
    within its jurisdiction, sufficient to result in a reduction of 
    outlays as follows: $2,012,000,000 in fiscal year 1994, 
    $3,231,000,000 in fiscal year 1995, $4,117,000,000 in fiscal year 
    1996, $5,103,000,000 in fiscal year 1997, and $5,800,000,000 in 
    fiscal year 1998.
        (3) Committee on banking, finance and urban affairs.--The House 
    Committee on Banking, Finance and Urban Affairs shall report changes 
    in laws within its jurisdiction that provide direct spending, 
    sufficient to reduce outlays, as follows: $338,000,000 in fiscal 
    year 1994, $346,000,000 in fiscal year 1995, $550,000,000 in fiscal 
    year 1996, $769,000,000 in fiscal year 1997, and $789,000,000 in 
    fiscal year 1998, program changes in laws within its jurisdiction, 
    sufficient to result in an increase of outlays as follows: 
    $5,000,000 in fiscal year 1994; and result in a reduction of outlays 
    as follows: $18,000,000 in fiscal year 1995, $127,000,000 in fiscal 
    year 1996, $227,000,000 in fiscal year 1997, and $260,000,000 in 
    fiscal year 1998, and changes in laws within its jurisdiction to 
    increase revenues, as follows: $63,000,000 in fiscal year 1994, 
    $65,000,000 in fiscal year 1995, $68,000,000 in fiscal year 1996, 
    $70,000,000 in fiscal year 1997, and $73,000,000 in fiscal year 
    1998.
        (4) Committee on education and labor.--The House Committee on 
    Education and Labor shall report changes in laws within its 
    jurisdiction that provide direct spending sufficient to increase 
    outlays by $118,000,000 in fiscal year 1994, and to reduce outlays 
    as follows: $72,000,000 in fiscal year 1995, $792,000,000 in fiscal 
    year 1996, $2,173,000,000 in fiscal year 1997, and $2,898,000,000 in 
    fiscal year 1998.
        (5) Committee on energy and commerce.--The House Committee on 
    Energy and Commerce shall report changes in laws within its 
    jurisdiction that provide direct spending sufficient to reduce 
    outlays, as follows: $4,342,000,000 in fiscal year 1994, 
    $7,491,000,000 in fiscal year 1995, $13,422,000,000 in fiscal year 
    1996, $17,518,000,000 in fiscal year 1997, and $21,744,000,000 in 
    fiscal year 1998.
        (6) Committee on foreign affairs.--The House Committee on 
    Foreign Affairs shall report changes in laws within its jurisdiction 
    that provide direct spending sufficient to reduce outlays, as 
    follows: $0 in fiscal year 1994, $1,000,000 in fiscal year 1995, 
    $1,000,000 in fiscal year 1996, $1,000,000 in fiscal year 1997, and 
    $2,000,000 in fiscal year 1998.
        (7) Committee on the judiciary.--The House Committee on the 
    Judiciary shall report changes in laws within its jurisdiction that 
    provide direct spending sufficient to reduce outlays, as follows: $0 
    in fiscal year 1994, $0 in fiscal year 1995, $111,000,000 in fiscal 
    year 1996, $115,000,000 in fiscal year 1997, and $119,000,000 in 
    fiscal year 1998.
        (8) Committee on merchant marine and fisheries.--The House 
    Committee on Merchant Marine and Fisheries shall report changes in 
    laws within its jurisdiction that provide direct spending sufficient 
    to reduce outlays, as follows: $0 in fiscal year 1994, $0 in fiscal 
    year 1995, $67,000,000 in fiscal year 1996, $68,000,000 in fiscal 
    year 1997, and $70,000,000 in fiscal year 1998.
        (9) Committee on natural resources.--The House Committee on 
    Natural Resources shall report changes in laws within its 
    jurisdiction that provide direct spending sufficient to reduce 
    outlays, as follows: $131,000,000 in fiscal year 1994, $157,000,000 
    in fiscal year 1995, $543,000,000 in fiscal year 1996, $569,000,000 
    in fiscal year 1997, and $591,000,000 in fiscal year 1998.
        (10) Committee on post office and civil service.--The House 
    Committee on Post Office and Civil Service shall report changes in 
    laws within its jurisdiction that provide direct spending sufficient 
    to reduce outlays, as follows: $77,000,000 in fiscal year 1994, 
    $491,000,000 in fiscal year 1995, $2,669,000,000 in fiscal year 
    1996, $3,709,000,000 in fiscal year 1997, and $3,697,000,000 in 
    fiscal year 1998, and program changes in laws within its 
    jurisdiction, sufficient to result in a reduction of outlays as 
    follows: $2,903,000,000 in fiscal year 1994, $4,660,000,000 in 
    fiscal year 1995, $5,825,000,000 in fiscal year 1996, $7,169,000,000 
    in fiscal year 1997, and $8,164,000,000 in fiscal year 1998.
        (11) Committee on public works and transportation.--The House 
    Committee on Public Works and Transportation shall report changes in 
    laws within its jurisdiction sufficient to reduce the deficit, as 
    follows: $31,000,000 in fiscal year 1994, $49,000,000 in fiscal year 
    1995, $62,000,000 in fiscal year 1996, $76,000,000 in fiscal year 
    1997, and $78,000,000 in fiscal year 1998.
        (12) Committee on veterans' affairs.--The House Committee on 
    Veterans' Affairs shall report changes in laws within its 
    jurisdiction that provide direct spending sufficient to reduce 
    outlays, as follows: $266,000,000 in fiscal year 1994, $364,000,000 
    in fiscal year 1995, $382,000,000 in fiscal year 1996, $405,000,000 
    in fiscal year 1997, and $1,163,000,000 in fiscal year 1998.
        (13) Committee on ways and means.--The House Committee on Ways 
    and Means shall report changes in laws within its jurisdiction 
    sufficient to reduce the deficit, as follows: by $29,441,000,000 in 
    fiscal year 1994, by $41,415,000,000 in fiscal year 1995, by 
    $61,912,000,000 in fiscal year 1996, by $81,794,000,000 in fiscal 
    year 1997, and by $85,209,000,000 in fiscal year 1998, and changes 
    in laws to increase the statutory limit on the public debt to not 
    more than $4,900,000,000,000.
        (14) Direct spending.--For purposes of this subsection, the term 
    ``direct spending'' means spending authority as defined in section 
    401(c)(2)(C) of the Congressional Budget Act of 1974 and new budget 
    authority as defined in section 3(2) of the Congressional Budget Act 
    of 1974.

SEC. 8. SALE OF GOVERNMENT ASSETS.

    (a) Sense of the Congress.--It is the sense of the Congress that--
        (1) from time to time the United States Government should sell 
    assets; and
        (2) the amounts realized from such asset sales will not recur on 
    an annual basis and do not reduce the demand for credit.
    (b) Budgetary Treatment.--For purposes of points of order under this 
concurrent resolution and the Congressional Budget and Impoundment 
Control Act of 1974, the amounts realized from sales of assets (other 
than loan assets) shall not be scored with respect to the level of 
budget authority, outlays, or revenues.
    (c) Definitions.--For purposes of this section--
        (1) the term ``sale of an asset'' shall have the same meaning as 
    under section 250(c)(21) of the Balanced Budget and Emergency 
    Deficit Control Act of 1985 (as amended by the Budget Enforcement 
    Act of 1990); and
        (2) the term shall not include asset sales mandated by law 
    before September 18, 1987, and routine, ongoing asset sales at 
    levels consistent with agency operations in fiscal year 1986.
SEC. 9. DEFICIT-NEUTRAL RESERVE FUND IN THE SENATE.
    (a) Initiatives To Improve the Health and Nutrition of Children and 
To Provide for Services To Support and Protect Children, and To Improve 
the Well-Being of Families.--
        (1) In general.--Budget authority and outlays may be allocated 
    to a committee or committees for legislation that increases funding 
    to improve the health and nutrition of children and to provide for 
    services to support and protect children, and to improve the well-
    being and self-sufficiency of families and reduce dependency, 
    including initiatives to expand childhood immunization and family 
    preservation and support services, within such a committee's 
    jurisdiction if such a committee or the committee of conference on 
    such legislation reports such legislation, if, to the extent that 
    the costs of such legislation are not included in this concurrent 
    resolution on the budget, the enactment of such legislation will not 
    increase (by virtue of either contemporaneous or previously passed 
    deficit reduction) the deficit in this resolution for--
            (A) fiscal year 1994; and
            (B) the period of fiscal years 1994 through 1998.
        (2) Revised allocations.--Upon the reporting of legislation 
    pursuant to paragraph (1), and again upon the submission of a 
    conference report on such legislation (if a conference report is 
    submitted), the Chairman of the Committee on the Budget of the 
    Senate may file with the Senate appropriately revised allocations 
    under sections 302(a) and 602(a) of the Congressional Budget Act of 
    1974 and revised functional levels and aggregates to carry out this 
    subsection. Such revised allocations, functional levels, and 
    aggregates shall be considered for the purposes of the Congressional 
    Budget Act of 1974 as allocations, functional levels, and aggregates 
    contained in this concurrent resolution on the budget.
        (3) Reporting revised allocations.--The appropriate committee 
    may report appropriately revised allocations pursuant to sections 
    302(b) and 602(b) of the Congressional Budget Act of 1974 to carry 
    out this subsection.
    (b) Economic Growth Initiatives.--
        (1) In general.--Budget authority and outlays may be allocated 
    to a committee or committees for legislation that increases funding 
    for economic recovery or growth initiatives, including unemployment 
    compensation, a dislocated worker program, job training, or other 
    related programs within such a committee's jurisdiction if such a 
    committee or the committee of conference on such legislation reports 
    such legislation, if, to the extent that the costs of such 
    legislation are not included in this concurrent resolution on the 
    budget, the enactment of such legislation will not increase (by 
    virtue of either contemporaneous or previously passed deficit 
    reduction) the deficit in this resolution for--
            (A) fiscal year 1994; and
            (B) the period of fiscal years 1994 through 1998.
        (2) Revised allocations.--Upon the reporting of legislation 
    pursuant to paragraph (1), and again upon the submission of a 
    conference report on such legislation (if a conference report is 
    submitted), the Chairman of the Committee on the Budget of the 
    Senate may file with the Senate appropriately revised allocations 
    under sections 302(a) and 602(a) of the Congressional Budget Act of 
    1974 and revised functional levels and aggregates to carry out this 
    subsection. Such revised allocations, functional levels, and 
    aggregates shall be considered for the purposes of the Congressional 
    Budget Act of 1974 as allocations, functional levels, and aggregates 
    contained in this concurrent resolution on the budget.
        (3) Reporting revised allocations.--The appropriate committee 
    may report appropriately revised allocations pursuant to section 
    302(b) and 602(b) of the Congressional Budget Act of 1974 to carry 
    out this subsection.
    (c) Continuing Improvements in Ongoing Health Care Programs and 
Comprehensive Health Care Reform.--
        (1) In general.--Budget authority and outlays may be allocated 
    to a committee or committees for legislation that increases funding 
    to make continuing improvements in ongoing health care programs, to 
    provide for comprehensive health care reform, or to control health 
    care costs within such a committee's jurisdiction if such a 
    committee or the committee of conference on such legislation reports 
    such legislation, if, to the extent that the costs of such 
    legislation are not included in this concurrent resolution on the 
    budget, the enactment of such legislation will not increase (by 
    virtue of either contemporaneous or previously passed deficit 
    reduction) the deficit in this resolution for--
            (A) fiscal year 1994; and
            (B) the period of fiscal years 1994 through 1998.
        (2) Revised allocations.--Upon the reporting of legislation 
    pursuant to paragraph (1), and again upon the submission of a 
    conference report on such legislation (if a conference report is 
    submitted), the Chairman of the Committee on the Budget of the 
    Senate may file with the Senate appropriately revised allocations 
    under sections 302(a) and 602(a) of the Congressional Budget Act of 
    1974 and revised functional levels and aggregates to carry out this 
    subsection. Such revised allocations, functional levels, and 
    aggregates shall be considered for the purposes of the Congressional 
    Budget Act of 1974 as allocations, functional levels, and aggregates 
    contained in this concurrent resolution on the budget.
        (3) Reporting revised allocations.--The appropriate committee 
    may report appropriately revised allocations pursuant to sections 
    302(b) and 602(b) of the Congressional Budget Act of 1974 to carry 
    out this subsection.
    (d) Initiatives To Improve Educational Opportunities for Individuals 
at the Early Childhood, Elementary, Secondary, or Higher Education 
Levels, or To Invest in the Health or Education of America's Children.--
        (1) In general.--Budget authority and outlays may be allocated 
    to a committee or committees for direct spending legislation that 
    increases funding to improve educational opportunities for 
    individuals at the early childhood, elementary, secondary, or higher 
    education levels, or to invest in the health or education of 
    America's children within such a committee's jurisdiction if such a 
    committee or the committee of conference on such legislation reports 
    such legislation, if, to the extent that the costs of such 
    legislation are not included in this concurrent resolution on the 
    budget, the enactment of such legislation will not increase (by 
    virtue of either contemporaneous or previously passed deficit 
    reduction) the deficit in this resolution for--
            (A) fiscal year 1994; and
            (B) the period of fiscal years 1994 through 1998.
        (2) Revised allocations.--Upon the reporting of legislation 
    pursuant to paragraph (1), and again upon the submission of a 
    conference report on such legislation (if a conference report is 
    submitted), the Chairman of the Committee on the Budget of the 
    Senate may file with the Senate appropriately revised allocations 
    under sections 302(a) and 602(a) of the Congressional Budget Act of 
    1974 and revised functional levels and aggregates to carry out this 
    subsection. Such revised allocations, functional levels, and 
    aggregates shall be considered for the purposes of the Congressional 
    Budget Act of 1974 as allocations, functional levels, and aggregates 
    contained in this concurrent resolution on the budget.
        (3) Reporting revised allocations.--The appropriate committee 
    may report appropriately revised allocations pursuant to sections 
    302(b) and 602(b) of the Congressional Budget Act of 1974 to carry 
    out this subsection.
    (e) Initiatives To Preserve and Rebuild the United States Maritime 
Industry.--
        (1) In general.--Budget authority and outlays may be allocated 
    to a committee or committees for direct spending legislation that 
    increases funding to preserve and rebuild the United States maritime 
    industry within such a committee's jurisdiction if such a committee 
    or the committee of conference on such legislation reports such 
    legislation, if, to the extent that the costs of such legislation 
    are not included in this concurrent resolution on the budget, the 
    enactment of such legislation will not increase (by virtue of either 
    contemporaneous or previously passed deficit reduction) the deficit 
    in this resolution for--
            (A) fiscal year 1994; and
            (B) the period of fiscal years 1994 through 1998.
        (2) Revised allocations.--Upon the reporting of legislation 
    pursuant to paragraph (1), and again upon the submission of a 
    conference report on such legislation (if a conference report is 
    submitted), the Chairman of the Committee on the Budget of the 
    Senate may file with the Senate appropriately revised allocations 
    under sections 302(a) and 602(a) of the Congressional Budget Act of 
    1974 and revised functional levels and aggregates to carry out this 
    subsection. Such revised allocations, functional levels, and 
    aggregates shall be considered for the purposes of the Congressional 
    Budget Act of 1974 as allocations, functional levels, and aggregates 
    contained in this concurrent resolution on the budget.
        (3) Reporting revised allocations.--The appropriate committee 
    may report appropriately revised allocations pursuant to sections 
    302(b) and 602(b) of the Congressional Budget Act of 1974 to carry 
    out this subsection.
    (f) Initiatives To Reform the Financing of Federal Elections.--
        (1) In general.--Budget authority and outlays may be allocated 
    to a committee or committees for direct spending legislation that 
    increases funding to reform the financing of Federal elections 
    within such a committee's jurisdiction if such a committee or the 
    committee of conference on such legislation reports such 
    legislation, if, to the extent that the costs of such legislation 
    are not included in this concurrent resolution on the budget, the 
    enactment of such legislation will not increase (by virtue of either 
    contemporaneous or previously passed deficit reduction) the deficit 
    in this resolution for--
            (A) fiscal year 1994; and
            (B) the period of fiscal years 1994 through 1998.
        (2) Revised allocations.--Upon the reporting of legislation 
    pursuant to paragraph (1), and again upon the submission of a 
    conference report on such legislation (if a conference report is 
    submitted), the Chairman of the Committee on the Budget of the 
    Senate may file with the Senate appropriately revised allocations 
    under sections 302(a) and 602(a) of the Congressional Budget Act of 
    1974 and revised functional levels and aggregates to carry out this 
    subsection. Such revised allocations, functional levels, and 
    aggregates shall be considered for the purposes of the Congressional 
    Budget Act of 1974 as allocations, functional levels, and aggregates 
    contained in this concurrent resolution on the budget.
        (3) Reporting revised allocations.--The appropriate committee 
    may report appropriately revised allocations pursuant to sections 
    302(b) and 602(b) of the Congressional Budget Act of 1974 to carry 
    out this subsection.
    (g) Trade-Related Legislation.--
        (1) In general.--Budget authority and outlays may be allocated 
    to a committee or committees and the revenue aggregates may be 
    reduced for legislation to implement the North American Free Trade 
    Agreement and any other trade-related legislation within such a 
    committee's jurisdiction if such a committee or the committee of 
    conference on such legislation reports such legislation, if, to the 
    extent that the costs of such legislation are not included in this 
    concurrent resolution on the budget, the enactment of such 
    legislation will not increase (by virtue of either contemporaneous 
    or previously passed deficit reduction) the deficit in this 
    resolution for--
            (A) fiscal year 1994; and
            (B) the period of fiscal years 1994 through 1998.
        (2) Revised allocations.--Upon the reporting of legislation 
    pursuant to paragraph (1), and again upon the submission of a 
    conference report on such legislation (if a conference report is 
    submitted), the Chairman of the Committee on the Budget of the 
    Senate may file with the Senate appropriately revised allocations 
    under sections 302(a) and 602(a) of the Congressional Budget Act of 
    1974 and revised functional levels and aggregates to carry out this 
    subsection. Such revised allocations, functional levels, and 
    aggregates shall be considered for the purposes of the Congressional 
    Budget Act of 1974 as allocations, functional levels, and aggregates 
    contained in this concurrent resolution on the budget.
        (3) Reporting revised allocations.--The appropriate committee 
    may report appropriately revised allocations pursuant to section 
    302(b) and 602(b) of the Congressional Budget Act of 1974 to carry 
    out this subsection.
  SEC. 10. SOCIAL SECURITY FIRE WALL POINT OF ORDER IN THE SENATE.
    (a) Accounting Treatment.--Notwithstanding any other provision of 
this resolution, for the purpose of allocations and points of order 
under sections 302 and 311 of the Congressional Budget Act of 1974, the 
levels of social security outlays and revenues for this resolution shall 
be the current services levels.
    (b) Application of Section 301(i).--Notwithstanding any other rule 
of the Senate, in the Senate, the point of order established under 
section 301(i) of the Congressional Budget Act of 1974 shall apply to 
any concurrent resolution on the budget for any fiscal year (as reported 
and as amended), amendments thereto, or any conference report thereon.
  SEC. 11. SENSE OF THE HOUSE REGARDING TAX REVENUES AND DEFICIT 
      REDUCTION.
    It is the sense of the House of Representatives that any legislation 
enacting tax increases called for in this budget resolution contain 
language providing that the net revenues generated by the legislation 
shall not be counted for the purpose of calculating the amount of any 
deficit increase called for in section 252(b) of the Balanced Budget and 
Emergency Deficit Control Act of 1985, as amended by the Omnibus Budget 
Reconciliation Act of 1990.

SEC. 12. ENFORCEMENT PROCEDURES.

    (a) Purpose.--The Senate declares that it is essential to--
        (1) ensure compliance with the deficit reduction goals embodied 
    in this resolution;
        (2) extend the system of discretionary spending limits set forth 
    in section 601 of the Congressional Budget Act of 1974;
        (3) extend the pay-as-you-go enforcement system;
        (4) prohibit the consideration of direct spending or receipts 
    legislation that would decrease the pay-as-you-go surplus that the 
    reconciliation bill pursuant to section 7 of this resolution will 
    create under section 252 of the Balanced Budget and Emergency 
    Deficit Control Act of 1985;
        (5) adopt as part of this concurrent resolution such of the 
    enforcement procedures set forth in this subsection as this 
    concurrent resolution may constitutionally include; and
        (6) enact, during this session of Congress, such of the 
    enforcement procedures set forth in this subsection as only statute 
    may constitutionally include.
    (b) Discretionary Spending Limits.--
        (1) Definition.--As used in this section, for the discretionary 
    category, the term ``discretionary spending limit'' means--
            (A) with respect to fiscal year 1996:
                $519,142,000,000 in new budget authority and 
            $547,263,000,000 in outlays;
            (B) with respect to fiscal year 1997:
                 $528,079,000,000 in new budget authority and 
            $547,346,000,000 in outlays; and
            (C) with respect to fiscal year 1998:
                 $530,639,000,000 in new budget authority and 
            $547,870,000,000 in outlays;
    as adjusted for changes in concepts and definitions, changes in 
    inflation, and emergency appropriations.
        (2) Point of order in the senate.--
            (A) Except as provided in subparagraph (B), it shall not be 
        in order in the Senate to consider any concurrent resolution on 
        the budget for fiscal year 1995, 1996, 1997, or 1998 (or 
        amendment, motion, or conference report on such a resolution) 
        that would exceed any of the discretionary spending limits in 
        this section.
            (B) This subsection shall not apply if a declaration of war 
        by the Congress is in effect or if a joint resolution pursuant 
        to section 258 of the Balanced Budget and Emergency Deficit 
        Control Act of 1985 has been enacted.
    (c) Enforcing Pay-As-You-Go.--At any time after the enactment of the 
reconciliation bill pursuant to section 7 of this resolution, it shall 
not be in order in the Senate to consider any bill, joint resolution, 
amendment, motion, or conference report, that would increase the deficit 
in this resolution for any fiscal year through fiscal year 1998 or would 
increase the deficit for any other fiscal year through fiscal year 2003, 
as measured by the sum of--
        (1) all applicable estimates of direct spending and receipts 
    legislation applicable to that fiscal year, other than any amounts 
    resulting from--
            (A) full funding of, and continuation of, the deposit 
        insurance guarantee commitment in effect on the date of 
        enactment of the Budget Enforcement Act of 1990; and
            (B) emergency provisions as designated under section 252(e) 
        of that Act; and
        (2) the estimated amount of savings in direct spending programs 
    applicable to that fiscal year resulting from the prior year's 
    sequestration under that Act, if any (except for any amounts 
    sequestered as a result of a net deficit increase in the fiscal year 
    immediately preceding the prior fiscal year).
    (d) Waiver.--This section may be waived or suspended in the Senate 
only by the affirmative vote of three-fifths of the Members, duly chosen 
and sworn.
    (e) Appeals.--Appeals in the Senate from the decisions of the Chair 
relating to any provision of this section shall be limited to 1 hour, to 
be equally divided between, and controlled by, the appellant and the 
manager of the concurrent resolution, bill, or joint resolution, as the 
case may be. An affirmative vote of three-fifths of the Members of the 
Senate, duly chosen and sworn, shall be required in the Senate to 
sustain an appeal of the ruling of the Chair on a point of order raised 
under this section.
    (f) Determination of Budget Levels.--For purposes of this section, 
the levels of new budget authority, outlays, and receipts for a fiscal 
year shall be determined on the basis of estimates made by the Committee 
on the Budget of the Senate.
    (g) Exercise of Rulemaking Powers.--The Senate adopts the provisions 
of this section--
        (1) as an exercise of the rulemaking power of the Senate, and as 
    such they shall be considered as part of the rules of the Senate, 
    and such rules shall supersede other rules only to the extent that 
    they are inconsistent therewith; and
        (2) with full recognition of the constitutional right of the 
    Senate to change those rules (so far as they relate to the Senate) 
    at any time, in the same manner, and to the same extent as in the 
    case of any other rule of the Senate.

SEC. 13. SENSE OF THE SENATE PROVISIONS.

    The following subsections are set forth as the sense of the Senate:
        (a) Assumptions.--The levels and amounts set forth in this 
    resolution are based on the following assumptions:
            (1) Revenues.--(A) There shall not be an increase in inland 
        barge fuel taxes beyond those increases already scheduled in 
        current law.
            (B) The Finance Committee will make every effort to find 
        alternative sources of revenues before imposing new taxes on the 
        benefits of Social Security beneficiaries with threshold incomes 
        (for purposes of the taxation of Social Security benefits) of 
        less than $32,000 for individuals and $40,000 for married 
        couples filing joint returns.
            (C) Consistent with the position of the Administration, the 
        BTU tax will be imposed at the same rate on all fuels purchased 
        by households for home heating purposes, and therefore the 
        supplemental tax on oil will not be imposed on such fuels.
            (D) Any energy tax enacted during the One Hundred Third 
        Congress should provide such relief to the agriculture industry 
        as is necessary to ensure that the industry does not absorb a 
        disproportionate impact of that tax.
            (2) National defense (function 050).--(A) If the estimates 
        for inflation for fiscal years 1994 through 1998 used in the 
        President's fiscal year 1994 budget request and this concurrent 
        resolution are too low, the amounts for budget authority and 
        outlays for the National Defense (050) and other budget 
        functions should be increased to offset the adverse effects of 
        the higher inflation.
            (B) If Congress does not enact legislation freezing Federal 
        pay levels for fiscal year 1994 and reducing the rates of 
        increase in Federal pay levels for fiscal years 1995 through 
        1997, as assumed for the President's fiscal year 1994 budget 
        request and this concurrent resolution, there should be 
        appropriate increases in the amounts of budget authority and 
        outlays for the National Defense (050) and other budget 
        functions in this concurrent resolution to allow the departments 
        and agencies of the Federal Government to meet the resulting 
        increases in costs for pay.
            (C) Appropriations for fiscal year 1994 for the programs, 
        projects, activities, and authorities under budget functional 
        category 050 (National Defense) should be made at the levels of 
        budget authority and outlays that are provided for in this 
        concurrent resolution for such functional category for such 
        fiscal year.
            (D) If the appropriations for fiscal year 1994 for such 
        programs, projects, activities, and authorities are less than 
        the levels of budget authority and outlays that are provided for 
        in this concurrent resolution for such functional category for 
        such fiscal year, the savings resulting from the lesser levels 
        of appropriations should be used only for reducing the deficit 
        in the budget of the United States.
            (E) The Congress should promptly reconsider the amounts 
        determined and declared by the Congress in this resolution to be 
        the appropriate levels of new budget authority, outlays, new 
        direct loan obligations, and new primary loan guarantee 
        commitments for fiscal years 1994 through 1998 for the National 
        Defense (050) functional category, in the event of material 
        change in situations affecting the security interests of the 
        United States.
            (3) General science, space, and technology (function 250).--
        The budget authority and outlay figures for function 250 in this 
        resolution do not assume any amounts for the National 
        Aeronautics and Space Administration for any fiscal year from 
        1994 through 1998 in excess of the amounts proposed by the 
        President for such fiscal year.
            (4) Natural resources and environment (function 300).--(A) 
        Fees charged for domestic livestock grazing on lands under the 
        jurisdiction of the Secretary of Agriculture and the Secretary 
        of the Interior in western States should be set at an amount 
        that permits the ranching industry to remain viable and reflects 
        the economic realities of the industry, rather than at an amount 
        that meets arbitrary revenue targets.
            (B) Royalty fees charged for hardrock mining should be set 
        at an amount that permits the mining industry to remain viable 
        in the United States and reflects the economic realities of the 
        industry, rather than at an amount that meets arbitrary revenue 
        targets.
            (5) Education, training, employment, and social services 
        (function 500).--(A) The Head Start program will be funded at 
        the level requested by the President for fiscal year 1998.
            (B) The education reform and initiatives will be funded at 
        the level requested by the President for fiscal year 1998.
            (C) The defense conversion programs will be funded at the 
        level requested by the President for fiscal year 1998.
            (6) Health (function 550).--(A) The Committee on Labor and 
        Human Resources will make every effort to embark upon a 
        sustained investment strategy in health research and development 
        over the next 5 years and support for the continuum of medical 
        research should be a central feature in any plan to reform the 
        United States health care system.
            (B) The vast majority of rising mandatory program costs is 
        due to increasing Federal health care costs, and these costs are 
        assumed in the levels set forth in this resolution.
            (C) Health care reform is essential to curb the escalating 
        costs of health entitlement programs to reduce the deficit.
            (D) The reduction in health costs in this budget resolution 
        should be augmented by further savings in Federal health outlays 
        as a part of comprehensive health care reform which will be 
        reflected in future budget resolutions.
            (E) Comprehensive health reform will result in long term 
        savings both for the public and private sectors of the American 
        economy, and reduce the deficit levels set forth in this 
        resolution at an ever increasing pace.
            (F) Health care reform legislation should receive priority 
        attention by the United States Congress with a target date of 
        enactment of such legislation being no later then September 30, 
        1993.
            (7) Income security (function 600).--The Women, Infants, and 
        Children (WIC) program will be funded at the level requested by 
        the President for fiscal year 1998.
            (8) Administration of justice (function 750).--(A) The 
        Community Policing (``Cops on the Beat'') program will be funded 
        at the level requested by the President for fiscal year 1998.
            (B) Funds to reduce the availability and use of illegal 
        drugs will be shifted over the next 5 years so that the 
        allocation shall be equally distributed between the so-called 
        ``supply side'' (interdiction, law enforcement, and 
        international supply reduction efforts) and the so-called 
        ``demand side'' (education, rehabilitation, treatment, and 
        research programs).
        (b) Debt Limit in Reconciliation.--(1) Any concurrent resolution 
    on the budget that contains reconciliation directives shall include 
    a directive with respect to the statutory limit on the public debt.
        (2) Any change in the statutory limit on the public debt that is 
    recommended pursuant to a reconciliation directive shall be included 
    in the reconciliation legislation reported pursuant to section 310 
    of the Congressional Budget Act of 1974 for that fiscal year.
        (3) Except as provided in paragraph (4), the Senate shall not 
    consider any bill or joint resolution (or any amendment thereto or 
    conference report thereon) that increases the statutory limit on the 
    public debt during a fiscal year above the level set forth as 
    appropriate for that fiscal year in the concurrent resolution on the 
    budget for that fiscal year agreed to under section 301 of the 
    Congressional Budget Act of 1974.
        (4) The prohibition of paragraph (3) shall not apply to a 
    reconciliation bill or reconciliation resolution reported pursuant 
    to section 310(b) of the Congressional Budget Act of 1974 during any 
    fiscal year (or any conference report thereon) that contains a 
    provision that--
            (A) increases the statutory limit on the public debt 
        pursuant to a directive of the type described in section 
        310(a)(3) of that Act; and
            (B) becomes effective on or after the first day of the 
        following fiscal year.
        (c) Deficit Reduction Account.--It is assumed that the Committee 
    on Finance of the Senate and the Committee on Ways and Means of the 
    House of Representatives should report legislation to--
            (1) establish a separate account in the Treasury into which 
        all of the amounts by which the aggregate levels of Federal 
        revenue should be increased would be deposited;
            (2) ensure that any revenues deposited in such account would 
        not be available for appropriation; and
            (3) provide that any such revenues deposited in such account 
        would be used to retire outstanding debt obligations of the 
        United States Government.
        (d) Line-Item Veto Authority Including Appropriations and Tax 
    Expenditures.--The President should be granted line-item veto 
    authority over items of appropriation and tax expenditures and that 
    line-item veto authority should expire at the conclusion of the One 
    Hundred Third Congress.
        (e) Use of Savings From Government Streamlining.--Any amounts 
    saved through the efforts of the National Performance Review Task 
    Force headed by the Vice President and as a result of any other 
    reorganization and streamlining ofP
    the Federal Government should be applied to offset the cost of any 
    economic stimulus package enacted in fiscal year 1993, and any 
    amounts saved in excess of those necessary to offset the cost of any 
    such economic stimulus should be applied to reduce the Federal 
    budget deficit and for no other purpose.
Attest:







                                  Clerk of the House of Representatives.

Attest:







                                                Secretary of the Senate.

Share This