To repeal the tax increase on social security benefits and to reduce Federal spending as necessary to offset such repeal.

Summary: TABLE OF CONTENTS: 
     Title I:  Repeal of Tax Increase on Social Security Benefits 
     Title II:  Reductions in Spending 
Title I:  Repeal of Tax Increase on Social Security Benefits
 - Repeals the tax increase on social security benefits made under the Revenue Reconciliation Act of 1993. 
Title II:  Reductions in Spending
 - Directs the Administrator of the National Aeronautics and Space Administration to terminate the Space Station Freedom program. 
Directs the Secretary of Defense to:  (1) terminate the procurement of new production F-16 aircraft; (2) extend current procurement schedules for procurement of the F-22 aircraft; (3) reduce the number of attack submarines by the end of FY 1998; (4) terminate procurement of Trident II (D-5) sea-launched ballistic missiles and reduce the number of Trident ballistic missile submarines; and (5) delay procurement of the Tri-Service Stand-Off Attack Missile but continue research, development, test, and evaluation at the FY 1993 level. 
Amends the Agricultural Act of 1949 to eliminate the honey price support program. 
Directs the Secretary of Agriculture to issue rules to eliminate below-cost timber sales. 
Provides for increasing fees charged for grazing on public lands to fair market value. 
Subjects production of locatable minerals from a claim located on lands open to mineral entry under the Mining Law of 1872 to an annual royalty of at least eight percent of the gross income from production.  Voids claims for failures to pay royalties and prohibits a claimant from locating a new claim on lands included in the abandoned claim for one year.

TITLE I--REPEAL OF TAX INCREASE ON SOCIAL SECURITY BENEFITS

SEC. 101. REPEAL OF TAX INCREASE ON SOCIAL SECURITY BENEFITS.

    Section 13215 of the Revenue Reconciliation Act of 1993 is hereby 
repealed, and the Internal Revenue Code of 1986 shall be applied and 
administered as if such section (and the amendments made thereby) had 
not been enacted.

                    TITLE II--REDUCTIONS IN SPENDING

SEC. 201. TERMINATION OF SPACE STATION.

    The Administrator of the National Aeronautics and Space 
Administration shall terminate the Space Station Freedom program. After 
the date of enactment of this Act, no funds may be obligated for such 
program except as necessary to meet required contract termination 
costs.

SEC. 202. TERMINATION OF PROCUREMENT OF F-16 AIRCRAFT.

    The Secretary of Defense shall terminate procurement of new 
production F-16 aircraft for the Air Force. After the date of the 
enactment of this Act, no funds may be obligated for production of such 
aircraft except as necessary to meet required contract termination 
costs. The Secretary shall carry out this section so as to achieve 
savings in defense budgets during the period of fiscal year 1994 
through fiscal year 1998 of not less than $1,700,000,000.

SEC. 203. DELAY IN PROCUREMENT OF F-22 AIRCRAFT.

    The Secretary of Defense shall extend current procurement schedules 
for procurement under the F-22 aircraft program of the Air Force so as 
to achieve savings in defense budgets during the period of fiscal year 
1994 through fiscal year 1998 of not less than $2,200,000,000.

SEC. 204. REDUCTION IN ATTACK SUBMARINE FORCE.

    The Secretary of Defense shall, not later than the end of fiscal 
year 1998, reduce the number of attack submarines in active Navy forces 
to not more than 40. The Secretary shall carry out this section so as 
to achieve savings in defense budgets during the period of fiscal year 
1994 through fiscal year 1998 of not less than $2,900,000,000.

SEC. 205. REDUCTION IN BALLISTIC MISSILE SUBMARINE FORCE.

    (a) Termination of Production of D-5 Missile.--The Secretary of 
Defense shall terminate procurement of Trident II (D-5) sea-launched 
ballistic missiles for the Navy. After the date of the enactment of 
this Act, no funds may be obligated for procurement of such missiles 
except as necessary to meet required contract termination costs.
    (b) Reduction in Submarine Force.--The Secretary of Defense shall, 
not later than the end of fiscal year 1998, reduce the number of 
Trident ballistic missile submarines in active Navy forces to not more 
than 14.
    (c) Savings.--The Secretary shall carry out this section so as to 
achieve savings in defense budgets during the period of fiscal year 
1994 through fiscal year 1998 of not less than $5,300,000,000.

SEC. 206. DELAY IN PROCUREMENT OF TRISERVICE STAND-OFF ATTACK MISSILE.

    The Secretary of Defense shall delay procurement of the Tri-Service 
Stand-Off Attack Missile for five years and shall, during the period of 
fiscal year 1994 through fiscal year 1998, continue research, 
development, test, and evaluation for that missile at the fiscal year 
1993 level so as to achieve savings in defense budgets during that 
period of not less than $1,400,000,000.

SEC. 207. ELIMINATION OF HONEY PRICE SUPPORT PROGRAM.

    (a) In General.--Sections 207 and 405A of the Agricultural Act of 
1949 (7 U.S.C. 1446h and 1425a, respectively) are repealed.
    (b) Payment Limitations.--Section 1001(2) of the Food Security Act 
of 1985 (7 U.S.C. 1308(2)) is amended--
            (1) in subparagraph (B)(iii), by striking ``(other than 
        honey)''; and
            (2) by striking subparagraph (C).
    (c) Designated Nonbasic Agricultural Commodities.--Section 201(a) 
of the Agricultural Act of 1949 (7 U.S.C. 1446(a)) is amended by 
striking ``honey,''.
    (d) Other Nonbasic Agricultural Commodities.--Section 301 of the 
Agricultural Act of 1949 (7 U.S.C. 1447) is amended by inserting after 
``nonbasic agricultural commodity'' the following: ``(other than 
honey)''.
    (e) Definitions.--Section 408(k) of the Agricultural Act of 1949 (7 
U.S.C. 1428(k)) is amended by striking ``honey,'' each place it 
appears.
    (f) Powers of Commodity Credit Corporation.--Section 5(a) of the 
Commodity Credit Corporation Charter Act (15 U.S.C. 714c(a)) is amended 
by inserting after ``agricultural commodities'' the following: ``(other 
than honey)''.
    (g) Transition.--The amendments made by this section shall not 
affect the liability of any person under any provision of law as in 
effect before the application of the amendments in accordance with 
subsection (d).
    (h) Application of Amendments.--The amendments made by this section 
shall apply beginning with the crop year that begins after the date of 
enactment of this Act.

SEC. 208. ELIMINATION OF BELOW-COST TIMBER SALES.

    (a) Rules Required.--Not later than six months after the date of 
the enactment of this Act, the Secretary of Agriculture shall issue 
rules relating to the conditions under which the Forest Service may 
approve of sales of trees, portions of trees, or forest products from 
National Forest System lands.
    (b) Content of Rules.--The rules required under subsection (a) 
shall--
            (1) require that after the end of the one-year period 
        beginning on the date of the enactment of this Act, the total 
        cost to the United States of carrying out each timber sale 
        described in subsection (a) (including the advertising, 
        planning, review, approval, and monitoring costs attributable 
        to the sale and road building costs incurred for the sale) is 
        not greater than the amount paid to the United States Service 
        for the sale; and
            (2) establish a procedure to phase in the application of 
        such requirement during that period.
    (c) Phase-In Period.--The rules required under subsection (a) shall 
provide that, during the phase-in period, the Forest Service in 
determining whether to approve a below-cost timber sale shall give 
priority to those below-cost timber sales that would have the least 
adverse environmental effects.

SEC. 209. FEES CHARGED FOR GRAZING ON PUBLIC LANDS.

    (a) Increase to Fair Market Value.--Notwithstanding any other 
provision of law, the Secretary of Agriculture, with respect to 
National Forest lands in the 16 contiguous western States (except 
National Grasslands) administered by the United States Forest Service 
where domestic livestock grazing is permitted under applicable law, and 
the Secretary of the Interior with respect to public domain lands 
administered by the Bureau of Land Management where domestic livestock 
grazing is permitted under applicable law, shall increase domestic 
livestock grazing fees beginning with the grazing season which 
commences on March 1, 1994, so that for the grazing season commencing 
on March 1, 1998, and thereafter such fees are equal to fair market 
value, as determined by the Secretary concerned.
    (b) Annual Cap on Fee Changes.--The fee for grazing charged for any 
given year under this section may not increase or decrease by more than 
33.3 percent from the previous year's grazing fee.

SEC. 210. ROYALTY ON HARDROCK MINERALS.

    (a) Reservation of Royalty.--Production of locatable minerals from 
a claim located on lands open to mineral entry under the Mining Law of 
1872 shall be subject to an annual royalty of not less than 8 percent 
of the gross income from such production.
    (b) Payment of Royalty.--Royalty payments shall be made according 
to regulations established by the Secretary of the Interior. The 
Secretary of the Interior may require to be filed with the royalty 
payment a copy of the parts of the tax return filed with the Internal 
Revenue Service determined by the Secretary of the Interior to be 
applicable to determining gross income. The Commissioner of the 
Internal Revenue Service shall cooperate with the Secretary of the 
Interior to verify the information submitted with such royalty payment.
    (c) Failure To Pay.--(1) Upon failure to pay the royalty required 
by this section, the claim shall be deemed conclusively to be abandoned 
and shall be null and void by operation of law.
    (2) The claimant shall be prohibited from locating a new claim on 
the lands included in such abandoned claim for one year from the date 
such claim is deemed abandoned and null and void by operation of law.
    (d) Effective Date.--This section shall take effect on the date of 
enactment in the case of any claim described in subsection (a) which is 
located after the date of enactment of this Act. In the case of any 
claim located on or before such date of enactment, this section shall 
take effect on the later of October 1 of 1993 or such date of 
enactment.
    (e) Definitions.--As used in this section--
            (1) The term ``locatable minerals'' means any mineral not 
        subject to disposition under--
                    (A) the Mineral Leasing Act (30 U.S.C. 181 et 
                seq.);
                    (B) the Geothermal Steam Act of 1970 (30 U.S.C. 
                1000 et seq.); or
                    (C) the Act of July 31, 1947 (30 U.S. 601 et seq.), 
                as amended by this Act.
            (2) The term ``gross income'' means ``gross income from the 
        property'' as defined in section 613(c)(1) of the Internal 
        Revenue Code and in regulations promulgated by the Treasury 
        Department pursuant to section 613(c)(1) of the Internal 
        Revenue Code. Any amendments or revisions of section 613(c)(1) 
        of the Internal Revenue Code or of regulations promulgated by 
        the Treasury Department pursuant to section 613(c)(1) of the 
        Internal Revenue Code, shall be deemed applicable to the 
        definition of ``gross income'' as used in this section.
            (3) The term ``Mining Law of 1872'' means the general 
        mining laws of the United States which generally comprise 
        chapters 2, 12A, and 16, and sections 161 and 162 of title 30, 
        United States Code.