TITLE I--ITEM VETO TO ACHIEVE BALANCED BUDGET BY FISCAL YEAR 1998

SEC. 101. PRESIDENT'S BUDGET SUBMISSION MUST BE IN BALANCE BY FISCAL 
              YEAR 1998.

    The budgets submitted by the President under section 1105(a) of 
title 31, United States Code, for fiscal years 1995, 1996, and 1997 
shall be consistent with the achievement of a balanced budget by fiscal 
year 1998, and the budget so submitted for fiscal year 1998 shall be in 
balance.

SEC. 102. ITEM VETO.

    Subject to section 103, the President may disapprove any item of 
appropriation in any Act or joint resolution making or continuing 
appropriations for fiscal year 1994, 1995, 1996, 1997, or 1998.

SEC. 103. LIMITATION.

    (a) In General.--The amount of budget authority which the President 
may disapprove under section 102 with respect to any Act or joint 
resolution may not exceed an amount equal to the amount by which the 
total budget authority for that fiscal year in that Act or joint 
resolution exceeds the amount of budget authority for that fiscal year 
which the Director of the Office of Management and Budget estimates to 
be the amount of budget authority submitted by the President under 
section 1105(a) of title 31, United States Code, in accounts covered by 
that Act or joint resolution.
    (b) Estimating Rules.--The estimates referred to in subsection (a) 
shall be made as prescribed in section 251(a)(7) of the Balanced Budget 
and Emergency Deficit Control Act of 1985. The Director of the Office 
of Management and Budget shall transmit a report to the President and 
to each House of Congress containing any such estimate within 5 
calendar days after the enactment of any Act or joint resolution 
referred to in section 102.

SEC. 104. PROCEDURE.

    The President shall return with objections any item of 
appropriation disapproved to the House in which the Act or joint 
resolution containing such item originated. The Congress may, in the 
manner prescribed under section 7 of Article I for Acts disapproved by 
the President, reconsider any item so disapproved.

   TITLE II--CHANGING BUDGETING AND APPROPRIATING BY ELIMINATING THE 
                      COMMITTEES ON APPROPRIATIONS

          Subtitle A--Changes in the House of Representatives

SEC. 201. ESTABLISHMENT; FUNCTIONS.

    There is created in the House of Representatives a select committee 
which is authorized and directed to report to the House of 
Representatives in January 1994 a resolution amending the Rules of the 
House of Representatives with respect to the budget and appropriations 
process, which includes the following changes:
            (1) Elimination of the Committee on Appropriations.
            (2) Modification of the membership and jurisdiction of the 
        Committee on the Budget to--
                    (A) make that committee an exclusive committee;
                    (B) provide that committee with exclusive 
                jurisdiction to report (anytime after September 15 of 
                the calendar year in which the fiscal year commences) 
                joint resolutions making continuing appropriations at 
                current levels; and
                    (C) provide that committee with exclusive 
                jurisdiction to make binding allocations of budget 
                authority, spending authority, entitlement authority, 
                and credit authority by major functional category and 
                revenues to other standing committees, consistent with 
                the requirements of the Balanced Budget and Emergency 
                Deficit Control Act of 1985.
            (3) Modification of the jurisdiction of each standing 
        committee to provide it with the authority to make 
        appropriations with respect to its subject matter jurisdiction.

SEC. 202. MEMBERSHIP.

    The select committee is to be composed of 10 Members of the House 
of Representatives to be appointed by the Speaker; 5 from the majority 
party and 5 from the minority party, one of whom he shall designate as 
chairman. Any vacancy occurring in the membership of the committee 
shall be filled in the manner in which the original appointment was 
made. For purposes of this section, the term ``Members'' shall mean any 
Representative in, or Delegate or Resident Commissioner to, the House 
of Representatives.

SEC. 203. AUTHORITY AND PROCEDURES.

    (a) Authority.--To carry out this subtitle, the select committee is 
authorized to hold hearings and to sit and act, whether the House is in 
session, has recessed, or has adjourned.
    (b) Rules of Procedure.--(1) The provisions of clauses 1, 2, and 3 
of rule XI of the Rules of the House of Representatives, except the 
provisions of clause 2(m) relating to the subpoena power, shall apply 
to the select committee.
    (2) Nothing contained in subsection (a) shall be construed to limit 
the applicability of clause 2(i) of rule XI of the Rules of the House 
of Representatives to the select committee.

SEC. 204. ADMINISTRATIVE PROVISIONS.

    (a) Expenses.--Subject to the adoption of expense resolutions as 
required by clause 5 of rule XI of the Rules of the House of 
Representatives, the select committee may incur expenses in connection 
with its duties under this subtitle.
    (b) Staff.--To carry out its functions under this subtitle, the 
select committee is authorized--
            (1) to appoint, either on a permanent basis or as experts 
        or consultants, such staff as the select committee considers 
        necessary;
            (2) to prescribe the duties and responsibilities of such 
        staff;
            (3) to fix the compensation of such staff at a single per 
        annum gross rate which does not exceed the highest rate of 
        basic pay, as in effect from time to time, of level V of the 
        Executive Schedule in section 5316 of title 5, United States 
        Code; and
            (4) to terminate the employment of any such staff as the 
        select committee considers appropriate.
    (c) Expiration.--The select committee and all authority granted in 
this subtitle shall expire 30 days after reporting to the House.

SEC. 205. RECORDS.

    The records, files, and materials of the select committee shall be 
transferred to the Clerk of the House.

                   Subtitle B--Changes in the Senate

SEC. 211. ESTABLISHMENT; FUNCTIONS.

    There is created in the Senate a select committee which is 
authorized and directed to report to the Senate in January 1994 a 
resolution amending the Standing Rules of the Senate with respect to 
the budget and appropriations process, which includes the following 
changes:
            (1) Elimination of the Committee on Appropriations.
            (2) Modification of the membership and jurisdiction of the 
        Committee on the Budget to--
                    (A) make that committee an exclusive committee;
                    (B) provide that committee with exclusive 
                jurisdiction to report (anytime after September 15 of 
                the calendar year in which the fiscal year commences) 
                joint resolutions making continuing appropriations at 
                current levels; and
                    (C) provide that committee with exclusive 
                jurisdiction to make binding allocations of budget 
                authority, spending authority, entitlement authority, 
                and credit authority by major functional category and 
                revenues to other standing committees, consistent with 
                the requirements of the Balanced Budget and Emergency 
                Deficit Control Act of 1985.
            (3) Modification of the jurisdiction of each standing 
        committee to provide it with the authority to make 
        appropriations with respect to its subject matter jurisdiction.

SEC. 212. MEMBERSHIP.

    The select committee is to be composed of 6 Members of the Senate 
to be appointed by the President of the Senate; 3 from the majority 
party and 3 from the minority party, one of whom he shall designate as 
chairman. Any vacancy occurring in the membership of the committee 
shall be filled in the manner in which the original appointment was 
made.

SEC. 213. AUTHORITY.

    To carry out this subtitle, the select committee is authorized to 
hold hearings and to sit and act, whether the Senate is in session, has 
recessed, or has adjourned.

SEC. 214. ADMINISTRATIVE PROVISIONS.

    (a) Expenses.--Subject to the adoption of an authorization 
resolution as required by paragraph 9 of rule XXVI of the Standing 
Rules of the Senate, the select committee may incur expenses in 
connection with its duties under this subtitle.
    (b) Staff.--To carry out its functions under this subtitle, the 
select committee is authorized--
            (1) to appoint, either on a permanent basis or as experts 
        or consultants, such staff as the select committee considers 
        necessary;
            (2) to prescribe the duties and responsibilities of such 
        staff;
            (3) to fix the compensation of such staff at a single per 
        annum gross rate which does not exceed the highest rate of 
        basic pay, as in effect from time to time, of level V of the 
        Executive Schedule in section 5316 of title 5, United States 
        Code; and
            (4) to terminate the employment of any such staff as the 
        select committee considers appropriate.
    (c) Expiration.--The select committee and all authority granted in 
this subtitle shall expire 30 days after reporting to the Senate.

SEC. 215. RECORDS.

    The records, files, and materials of the select committee shall be 
transferred to the Secretary of the Senate.
TABLE OF CONTENTS: 
     Title I:  Item Veto to Achieve Balanced Budget by Fiscal Year 
          1998 
     Title II:  Changing Budgeting and Appropriating by Eliminating 
          the Committees on Appropriations 
Title I:  Item Veto to Achieve Balanced Budget by Fiscal Year 1998
 - Requires the President to submit budgets for FY 1995 through 1997 to achieve a balanced budget by FY 1998.  Requires the FY 1998 budget to be balanced. 
Grants the President an item veto authority for appropriations for FY 1994 through 1998. 
Title II:  Changing Budgeting and Appropriating by Eliminating the Committees on Appropriations
 - Establishes a select committee in the House of Representatives and a select committee in the Senate to report to their respective Houses in January 1994 resolutions amending their respective Rules to:  (1) eliminate the Committees on Appropriations; (2) modify the membership and jurisdiction of the Committees on the Budget; and (3) modify the jurisdiction of each standing committee to authorize it to make appropriations with respect to its subject matter jurisdiction.
To allow an item veto in appropriation Acts for fiscal years 1994, 1995, 1996, 1997, and 1998 by the President to reduce spending to levels necessary to achieve a balanced budget by fiscal year 1998, and to establish select committees on congressional budget and appropriation process reform in the House of Representatives and in the Senate.