Seven-Year Balanced Budget Enforcement Act of 1995

Summary: Seven-Year Balanced Budget Enforcement Act of 1995 - Amends the Congressional Budget Act of 1974 and the Balanced Budget and Emergency Deficit Control Act of 1985 to provide for the enforcement of deficit reduction by reducing and extending the discretionary spending limits through FY 2002 and permanently extending the pay-as-you-go requirements.

SEC. 1. SHORT TITLE; PURPOSE.

    (a) Short Title.--This Act may be cited as the ``Seven-Year 
Balanced Budget Enforcement Act of 1995''.
    (b) Purpose.--This Act extends and reduces the discretionary 
spending limits and extends the pay-as-you-go requirements.

SEC. 2. DISCRETIONARY SPENDING LIMITS.

    (a) Limits.--Section 601(a)(2) of the Congressional Budget Act of 
1974 is amended by striking subparagraphs (A), (B), (C), (D), and (F), 
by redesignating subparagraph (E) as subparagraph (A) and by striking 
``and'' at the end of that subparagraph, and by inserting after 
subparagraph (A) the following new subparagraphs:
                    ``(B) with respect to fiscal year 1996, for the 
                discretionary category: $________ in new budget 
                authority and $________ in outlays;
                    ``(C) with respect to fiscal year 1997, for the 
                discretionary category: $________ in new budget 
                authority and $________ in outlays;
                    ``(D) with respect to fiscal year 1998, for the 
                discretionary category: $________ in new budget 
                authority and $________ in outlays;
                    ``(E) with respect to fiscal year 1999, for the 
                discretionary category: $________ in new budget 
                authority and $________ in outlays;
                    ``(F) with respect to fiscal year 2000, for the 
                discretionary category: $________ in new budget 
                authority and $________ in outlays;
                    ``(G) with respect to fiscal year 2001, for the 
                discretionary category: $________ in new budget 
                authority and $________ in outlays; and
                    ``(H) with respect to fiscal year 2002, for the 
                discretionary category: $________ in new budget 
                authority and $________ in outlays;''.
    (b) Committee Allocations and Enforcement.--Section 602 of the 
Congressional Budget Act of 1974 is amended--
            (1) in subsection (c), by striking ``1995'' and inserting 
        ``2002'' and by striking its last sentence; and
            (2) in subsection (d), by striking ``1992 to 1995'' in the 
        side heading and inserting ``1996 to 2002'' and by striking 
        ``1992 through 1995'' and inserting ``1996 through 2002''.
    (c) Term of Budget Resolutions.--Section 606 of the Congressional 
Budget Act of 1974 is amended--
            (1) in the sideheading of subsection (a), by striking ``5-
        Year'' and inserting ``Term of'';
            (2) in subsection (a), by striking ``1992, 1993, 1994, or 
        1995'' and inserting ``1996 or any fiscal year thereafter 
        through 2002'' and by inserting ``at least'' before ``each''; 
        and
            (3) in subsection (d)(1), by striking ``1992, 1993, 1994, 
        and 1995'' and inserting ``1996 or any fiscal year thereafter 
        through 2002'', and by striking ``(i) and (ii)''.
    (d) Effective Date.--Section 607 of the Congressional Budget Act of 
1974 is amended by striking ``1991 to 1998'' and inserting ``1996 to 
2002''.
    (e) Sequestration Regarding Violent Crime Reduction Trust Fund.--
(1) Section 251A(b)(1) of the Balanced Budget and Emergency Deficit 
Control Act of 1985 is amended by striking subparagraphs (B), (C), and 
(D) and its last sentence and inserting the following:
                    ``(B) For fiscal year 1996, $______.
                    ``(C) For fiscal year 1997, $______.
                    ``(D) For fiscal year 1998, $______.
                    ``(E) For fiscal year 1999, $______.
                    ``(F) For fiscal year 2000, $______.''.
    (2) Section 310002 of the Violent Crime Control and Law Enforcement 
Act of 1994 (42 U.S.C. 14212) is repealed.

SEC. 3. GENERAL STATEMENT AND DEFINITIONS.

    (a) General Statement.--Section 250(b) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 is amended by striking the first 
sentence and inserting the following: ``This part provides for the 
enforcement of deficit reduction by reducing and extending the 
discretionary spending limits though fiscal year 2002 and permanently 
extending pay-as-you-go requirements.''.
    (b) Definitions.--Section 250(c) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 is amended--
            (1) by striking paragraph (4) and inserting the following:
            ``(4) The term `category' means--
                    ``(A) For fiscal years 1996 through 2000, all 
                discretionary appropriations except those subject to 
                section 251A; and
                    ``(B) For fiscal year 2001 and any subsequent 
                fiscal year, all discretionary appropriations.'';
            (2) by striking paragraph (6) and inserting the following:
            ``(6) The term `budgetary resources' means new budget 
        authority, unobligated balances, direct spending authority, and 
        obligation limitations.'';
            (3) in paragraph (9), by striking ``1992'' and inserting 
        ``1996''; and
            (4) in paragraph (14), by striking ``through fiscal year 
        1995''.

SEC. 4. ENFORCING DISCRETIONARY SPENDING LIMITS.

    Section 251 of the Balanced Budget and Emergency Deficit Control 
Act of 1985 is amended--
            (1) in the side heading of subsection (a), by striking 
        ``1991-1998'' and inserting ``1996-2002'';
            (2) in the first sentence of subsection (b)(1), by striking 
        ``1992, 1993, 1994, 1995, 1996, 1997 or 1998'' and inserting 
        ``1997 or any fiscal year thereafter through 2002'' and by 
        striking ``through 1998'' and inserting ``through 2002'';
            (3) in subsection (b)(1), by striking ``the following:'' 
        and all that follows through ``The adjustments'' and inserting 
        ``the following: the adjustments'' and by striking 
        subparagraphs (B) and (C);
            (4) in subsection (b)(2), by striking ``1991, 1992, 1993, 
        1994, 1995, 1996, 1997, or 1998'' and inserting ``1996 or any 
        fiscal year thereafter through 2002'' and by striking ``through 
        1998'' and inserting ``through 2002'';
            (5) in subsection (b)(2)(E), by striking clauses (i), (ii), 
        and (iii) and by striking ``(iv) if, for fiscal years 1994, 
        1995, 1996, 1997, and 1998'' and inserting ``If, for fiscal 
        years 1996 through 2002''; and
            (6) in subsection (b)(2)(F), by striking everything after 
        ``the adjustment in outlays'' and inserting ``for a category 
        for a fiscal year is the amount of the excess but not to exceed 
        0.5 percent of the adjusted discretionary spending limit on 
        outlays for that fiscal year in fiscal year 1996 or any fiscal 
        year thereafter through 2002.''.

SEC. 5. ENFORCING PAY-AS-YOU-GO.

    (a) Extension.--Section 252 of the Balanced Budget and Emergency 
Deficit Control Act of 1985 is amended--
            (A) in the side heading of subsection (a), by striking 
        ``Fiscal Years 1992-1998''; and
            (B) in subsection (e), by striking ``, for fiscal year 1991 
        through 1998,'' and by striking ``through 1995''.
    (b) Rolling Pay-As-You-Go Scorecard.--Section 252(d) of the 
Balanced Budget and Emergency Deficit Control Act of 1985 is amended by 
striking ``each fiscal year through fiscal year 1998'' each place it 
appears and inserting ``the current year (if applicable), the budget 
year, and each of the first 4 outyears''.

SEC. 6. REPORTS AND ORDERS.

    Section 254 of the Balanced Budget and Emergency Deficit Control 
Act of 1985 is amended--
            (1) in subsection (d)(2), by striking ``1998'' and 
        inserting ``2002''; and
          (2)(A) in subsection (g)(2)(A), by striking ``1998'' and 
        inserting ``2002''; and
            (B) in subsection (g)(3), by striking ``in each outyear 
        through 1998'' and inserting ``in each of the 4 ensuing 
        outyears''.

SEC. 7. TECHNICAL CORRECTION.

    Section 258 of the Balanced Budget and Emergency Deficit Control 
Act of 1985, entitled ``Modification of Presidential Order'', is 
repealed.

SEC. 8. SPECIAL RULE ON INTERRELATIONSHIP BETWEEN CHANGES IN 
              DISCRETIONARY SPENDING LIMITS AND PAY-AS-YOU-GO 
              REQUIREMENTS.

    (a)(1) Section 252 of the Balanced Budget and Emergency Deficit 
Control Act of 1985 is amended by adding at the end the following new 
subsection:
    ``(f) Special Rule on Interrelationship between Sections 251, 251A, 
and 252.--Whenever the Committee on the Budget of the House of 
Representatives or the Senate reports legislation that decreases the 
discretionary spending limits for budget authority and outlays for a 
fiscal year under section 601(a)(2) of the Congressional Budget Act of 
1974 or in section 251A(b) of the Balanced Budget and Emergency Deficit 
Control Act of 1985, or both, then, for purposes of subsection (b), an 
amount equal to that decrease in the discretionary spending limit for 
outlays shall be treated as direct spending legislation decreasing the 
deficit for that fiscal year.''.
    (2) Section 310(a) of the Congressional Budget Act of 1974 is 
amended by striking ``or'' at the end of paragraph (3), by 
redesignating paragraph (4) as paragraph (5) and by striking ``and 
(3)'' in such redesignated paragraph (5) and inserting ``(3), and 
(4)'', and by inserting after paragraph (3) the following new 
paragraph:
            ``(4) carry out section 252(f) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985; or''.
    (b) For purposes of section 252(f) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 (as amended by subsection 
(a)(1))--
            (1)(A) reductions in the discretionary spending limit for 
        outlays under 601(a)(2) of the Congressional Budget Act of 1974 
        for each of fiscal years 1999 through 2002 under section 2 
        shall be measured as reductions from the discretionary spending 
        limit for outlays for fiscal year 1998 as in effect immediately 
        before the enactment of this Act; and
            (B) reductions in the discretionary spending limit for 
        outlays under section 251A(b) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985 for each of fiscal years 
        1996 through 2000 under section 2 shall be measured as 
        reductions in outlays for that fiscal year under section 
        251A(b) as in effect immediately before the enactment of this 
        Act; and
            (2)(A) except as provided by subparagraph (B), reductions 
        for any fiscal year in the discretionary spending limit for 
        outlays under section 601(a)(2) of the Congressional Budget Act 
        of 1974 or section 251A(b) of the Balanced Budget and Emergency 
        Deficit Control Act of 1985 made by any Act enacted after the 
        date of enactment of this Act shall be measured as reductions 
        from the discretionary spending limit for outlays for that 
        fiscal year under section 601(a)(2) of the Congressional Budget 
        Act of 1974 or section 251A(b) (as applicable) immediately 
        before the enactment of that Act; and
            (B) if, in the case of any reduction referred to in 
        subparagraph (A), no discretionary spending limit is in effect 
        for that fiscal year immediately before the applicable date of 
        enactment, then the reduction shall be measured against the 
        spending limit under that section for the last fiscal year for 
        which a spending limit is in effect.

SEC. 9. EFFECTIVE DATE.

    (a) Expiration.--Section 275(b) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 is amended--
            (1) by striking ``Part C of this title, section'' and 
        inserting ``Sections 251, 253, 258B, and''; and
            (2) by striking ``1995'' and inserting ``2002''.
    (b) Expiration.--Section 14002(c)(3) of the Omnibus Budget 
Reconciliation Act of 1993 (2 U.S.C. 900 note; 2 U.S.C. 665 note) is 
repealed.