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[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 67 Engrossed in House (EH)]

104th CONGRESS
  1st Session
H. CON. RES. 67

_______________________________________________________________________

                         CONCURRENT RESOLUTION
    Resolved by the House of Representatives (the Senate concurring),

SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 1996.

    The Congress determines and declares that this resolution is the 
concurrent resolution on the budget for fiscal year 1996, including the 
appropriate budgetary levels for fiscal years 1997, 1998, 1999, 2000, 
2001, and 2002, as required by section 301 of the Congressional Budget 
Act of 1974.
SEC. 2. RECOMMENDED LEVELS AND AMOUNTS.

    The following budgetary levels are appropriate for the fiscal years 
beginning on October 1, 1995, October 1, 1996, October 1, 1997, October 
1, 1998, October 1, 1999, October 1, 2000, and October 1, 2001:
    (1) The recommended levels of Federal revenues are as follows:
            Fiscal year 1996: $1,057,500,000,000.
            Fiscal year 1997: $1,058,500,000,000.
            Fiscal year 1998: $1,099,600,000,000.
            Fiscal year 1999: $1,138,700,000,000.
            Fiscal year 2000: $1,189,300,000,000.
            Fiscal year 2001: $1,247,200,000,000.
            Fiscal year 2002: $1,316,600,000,000.
and the amounts by which the aggregate levels of Federal revenues 
should be changed are as follows:
            Fiscal year 1996: $14,987,000,000.
            Fiscal year 1997: -$24,393,000,000.
            Fiscal year 1998: -$34,772,000,000.
            Fiscal year 1999: -$48,354,000,000.
            Fiscal year 2000: -$58,836,000,000.
            Fiscal year 2001: -$69,275,000,000.
            Fiscal year 2002: -$71,859,000,000.
and the amounts for Federal Insurance Contributions Act revenues for 
hospital insurance within the recommended levels of Federal revenues 
are as follows:
            Fiscal year 1996: $103,815,000,000.
            Fiscal year 1997: $108,986,000,000.
            Fiscal year 1998: $114,877,000,000.
            Fiscal year 1999: $120,698,000,000.
            Fiscal year 2000: $126,893,000,000.
            Fiscal year 2001: $133,590,000,000.
            Fiscal year 2002: $140,425,000,000.
    (2) The appropriate levels of total new budget authority are as 
follows:
            Fiscal year 1996: $1,285,900,000,000.
            Fiscal year 1997: $1,321,900,000,000.
            Fiscal year 1998: $1,355,800,000,000.
            Fiscal year 1999: $1,388,800,000,000.
            Fiscal year 2000: $1,421,800,000,000.
            Fiscal year 2001: $1,436,000,000,000.
            Fiscal year 2002: $1,459,800,000,000.
    (3) The appropriate levels of total budget outlays are as follows:
            Fiscal year 1996: $1,287,000,000,000.
            Fiscal year 1997: $1,313,900,000,000.
            Fiscal year 1998: $1,326,800,000,000.
            Fiscal year 1999: $1,363,500,000,000.
            Fiscal year 2000: $1,400,800,000,000.
            Fiscal year 2001: $1,414,200,000,000.
            Fiscal year 2002: $1,437,300,000,000.
    (4) The amounts of the deficits are as follows:
            Fiscal year 1996: -$229,500,000,000.
            Fiscal year 1997: -$255,400,000,000.
            Fiscal year 1998: -$227,200,000,000.
            Fiscal year 1999: -$224,800,000,000.
            Fiscal year 2000: -$211,500,000,000.
            Fiscal year 2001: -$167,000,000,000.
            Fiscal year 2002: -$120,700,000,000.
    (5) The appropriate levels of the public debt are as follows:
            Fiscal year 1996: $5,195,000,000,000.
            Fiscal year 1997: $5,516,100,000,000.
            Fiscal year 1998: $5,809,800,000,000.
            Fiscal year 1999: $6,099,700,000,000.
            Fiscal year 2000: $6,374,300,000,000.
            Fiscal year 2001: $6,614,400,000,000.
            Fiscal year 2002: $6,806,100,000,000.
    (6) The appropriate levels of total Federal credit activity for the 
fiscal years beginning on October 1, 1995, October 1, 1996, October 1, 
1997, October 1, 1998, October 1, 1999, October 1, 2000, and October 1, 
2001 are as follows:
            Fiscal year 1996:
                    (A) New direct loan obligations, $37,600,000,000.
                    (B) New primary loan guarantee commitments, 
                $193,400,000,000.
            Fiscal year 1997:
                    (A) New direct loan obligations, $40,200,000,000.
                    (B) New primary loan guarantee commitments, 
                $187,900,000,000.
            Fiscal year 1998:
                    (A) New direct loan obligations, $42,300,000,000.
                    (B) New primary loan guarantee commitments, 
                $185,300,000,000.
            Fiscal year 1999:
                    (A) New direct loan obligations, $45,700,000,000.
                    (B) New primary loan guarantee commitments, 
                $183,300,000,000.
            Fiscal year 2000:
                    (A) New direct loan obligations, $45,800,000,000.
                    (B) New primary loan guarantee commitments, 
                $184,700,000,000.
            Fiscal year 2001:
                    (A) New direct loan obligations, $45,800,000,000.
                    (B) New primary loan guarantee commitments, 
                $186,100,000,000.
            Fiscal year 2002:
                    (A) New direct loan obligations, $46,100,000,000.
                    (B) New primary loan guarantee commitments, 
                $187,600,000,000.

SEC. 3. 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 1996 through 2002 for each major 
functional category are:
    (1) National Defense (050):
            Fiscal year 1996:
                    (A) New budget authority, $267,300,000,000.
                    (B) Outlays, $265,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $269,300,000,000.
                    (B) Outlays, $265,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $277,300,000,000.
                    (B) Outlays, $265,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $281,300,000,000.
                    (B) Outlays, $271,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $287,300,000,000.
                    (B) Outlays, $279,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $287,300,000,000.
                    (B) Outlays, $279,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $287,200,000,000.
                    (B) Outlays, $279,200,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
    (2) International Affairs (150):
            Fiscal year 1996:
                    (A) New budget authority, $15,800,000,000.
                    (B) Outlays, $17,000,000,000.
                    (C) New direct loan obligations, $5,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $16,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $13,700,000,000.
                    (B) Outlays, $15,100,000,000.
                    (C) New direct loan obligations, $5,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $16,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $11,300,000,000.
                    (B) Outlays, $13,300,000,000.
                    (C) New direct loan obligations, $5,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $16,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $9,700,000,000.
                    (B) Outlays, $11,500,000,000.
                    (C) New direct loan obligations, $5,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $16,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $10,500,000,000.
                    (B) Outlays, $10,000,000,000.
                    (C) New direct loan obligations, $5,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $16,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $12,000,000,000.
                    (B) Outlays, $11,100,000,000.
                    (C) New direct loan obligations, $5,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $16,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $12,000,000,000.
                    (B) Outlays, $10,700,000,000.
                    (C) New direct loan obligations, $5,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $16,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
    (3) General Science, Space, and Technology (250):
            Fiscal year 1996:
                    (A) New budget authority, $16,700,000,000.
                    (B) Outlays, $16,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $16,300,000,000.
                    (B) Outlays, $16,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $15,700,000,000.
                    (B) Outlays, $16,000,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $15,300,000,000.
                    (B) Outlays, $15,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $14,900,000,000.
                    (B) Outlays, $14,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $14,900,000,000.
                    (B) Outlays, $14,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $14,900,000,000.
                    (B) Outlays, $14,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (4) Energy (270):
            Fiscal year 1996:
                    (A) New budget authority, $4,400,000,000.
                    (B) Outlays, $4,300,000,000.
                    (C) New direct loan obligations, $1,200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $3,900,000,000.
                    (B) Outlays, $3,200,000,000.
                    (C) New direct loan obligations, $1,200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $3,600,000,000.
                    (B) Outlays, $2,900,000,000.
                    (C) New direct loan obligations, $1,200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $3,900,000,000.
                    (B) Outlays, $3,100,000,000.
                    (C) New direct loan obligations, $1,200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $3,600,000,000.
                    (B) Outlays, $2,700,000,000.
                    (C) New direct loan obligations, $1,200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $3,600,000,000.
                    (B) Outlays, $2,500,000,000.
                    (C) New direct loan obligations, $1,200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $3,500,000,000.
                    (B) Outlays, $2,300,000,000.
                    (C) New direct loan obligations, $1,200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (5) Natural Resources and Environment (300):
            Fiscal year 1996:
                    (A) New budget authority, $19,300,000,000.
                    (B) Outlays, $20,200,000,000.
                    (C) New direct loan obligations, $100,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $19,100,000,000.
                    (B) Outlays, $19,900,000,000.
                    (C) New direct loan obligations, $100,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $17,200,000,000.
                    (B) Outlays, $17,800,000,000.
                    (C) New direct loan obligations, $100,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $18,600,000,000.
                    (B) Outlays, $19,100,000,000.
                    (C) New direct loan obligations, $100,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $17,400,000,000.
                    (B) Outlays, $17,800,000,000.
                    (C) New direct loan obligations, $100,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $17,900,000,000.
                    (B) Outlays, $18,200,000,000.
                    (C) New direct loan obligations, $100,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $17,800,000,000.
                    (B) Outlays, $18,100,000,000.
                    (C) New direct loan obligations, $100,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (6) Agriculture (350):
            Fiscal year 1996:
                    (A) New budget authority, $13,000,000,000.
                    (B) Outlays, $11,800,000,000.
                    (C) New direct loan obligations, $11,500,000,000.
                    (D) New primary loan guarantee commitments, 
                $5,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $12,800,000,000.
                    (B) Outlays, $11,500,000,000.
                    (C) New direct loan obligations, $11,500,000,000.
                    (D) New primary loan guarantee commitments, 
                $5,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $11,600,000,000.
                    (B) Outlays, $10,400,000,000.
                    (C) New direct loan obligations, $10,900,000,000.
                    (D) New primary loan guarantee commitments, 
                $5,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $11,400,000,000.
                    (B) Outlays, $10,100,000,000.
                    (C) New direct loan obligations, $11,600,000,000.
                    (D) New primary loan guarantee commitments, 
                $5,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $10,200,000,000.
                    (B) Outlays, $9,000,000,000.
                    (C) New direct loan obligations, $11,400,000,000.
                    (D) New primary loan guarantee commitments, 
                $5,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $8,100,000,000.
                    (B) Outlays, $7,100,000,000.
                    (C) New direct loan obligations, $11,100,000,000.
                    (D) New primary loan guarantee commitments, 
                $5,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $8,100,000,000.
                    (B) Outlays, $7,000,000,000.
                    (C) New direct loan obligations, $10,900,000,000.
                    (D) New primary loan guarantee commitments, 
                $5,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
    (7) Commerce and Housing Credit (370):
            Fiscal year 1996:
                    (A) New budget authority, $2,300,000,000.
                    (B) Outlays, -$6,900,000,000.
                    (C) New direct loan obligations, $1,400,000,000.
                    (D) New primary loan guarantee commitments, 
                $123,100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $4,100,000,000.
                    (B) Outlays, -$2,600,000,000.
                    (C) New direct loan obligations, $1,400,000,000.
                    (D) New primary loan guarantee commitments, 
                $123,100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $2,800,000,000.
                    (B) Outlays, -$4,700,000,000.
                    (C) New direct loan obligations, $1,400,000,000.
                    (D) New primary loan guarantee commitments, 
                $123,100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $2,200,000,000.
                    (B) Outlays, -$3,000,000,000.
                    (C) New direct loan obligations, $1,400,000,000.
                    (D) New primary loan guarantee commitments, 
                $123,100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $1,900,000,000.
                    (B) Outlays, -$2,200,000,000.
                    (C) New direct loan obligations, $1,400,000,000.
                    (D) New primary loan guarantee commitments, 
                $123,100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $1,300,000,000.
                    (B) Outlays, -$2,500,000,000.
                    (C) New direct loan obligations, $1,400,000,000.
                    (D) New primary loan guarantee commitments, 
                $123,100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $1,000,000,000.
                    (B) Outlays, -$2,600,000,000.
                    (C) New direct loan obligations, $1,400,000,000.
                    (D) New primary loan guarantee commitments, 
                $123,100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
    (8) Transportation (400):
            Fiscal year 1996:
                    (A) New budget authority, $40,500,000,000.
                    (B) Outlays, $38,800,000,000.
                    (C) New direct loan obligations, $200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $42,700,000,000.
                    (B) Outlays, $37,500,000,000.
                    (C) New direct loan obligations, $200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $43,500,000,000.
                    (B) Outlays, $36,600,000,000.
                    (C) New direct loan obligations, $200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $43,700,000,000.
                    (B) Outlays, $35,600,000,000.
                    (C) New direct loan obligations, $200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $44,300,000,000.
                    (B) Outlays, $34,900,000,000.
                    (C) New direct loan obligations, $200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $43,800,000,000.
                    (B) Outlays, $34,200,000,000.
                    (C) New direct loan obligations, $200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $43,300,000,000.
                    (B) Outlays, $33,700,000,000.
                    (C) New direct loan obligations, $200,000,000.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (9) Community and Regional Development (450):
            Fiscal year 1996:
                    (A) New budget authority, $6,700,000,000.
                    (B) Outlays, $9,900,000,000.
                    (C) New direct loan obligations, $2,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $1,200,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $6,700,000,000.
                    (B) Outlays, $7,800,000,000.
                    (C) New direct loan obligations, $2,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $1,200,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $6,700,000,000.
                    (B) Outlays, $6,700,000,000.
                    (C) New direct loan obligations, $2,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $1,200,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $6,700,000,000.
                    (B) Outlays, $6,500,000,000.
                    (C) New direct loan obligations, $2,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $1,200,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $6,700,000,000.
                    (B) Outlays, $6,600,000,000.
                    (C) New direct loan obligations, $2,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $1,200,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $6,200,000,000.
                    (B) Outlays, $6,400,000,000.
                    (C) New direct loan obligations, $2,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $1,200,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $6,100,000,000.
                    (B) Outlays, $6,400,000,000.
                    (C) New direct loan obligations, $2,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $1,200,000,000.
                    (E) New secondary loan guarantee commitments, $0.
    (10) Education, Training, Employment, and Social Services (500):
            Fiscal year 1996:
                    (A) New budget authority, $45,700,000,000.
                    (B) Outlays, $52,300,000,000.
                    (C) New direct loan obligations, $13,600,000,000.
                    (D) New primary loan guarantee commitments, 
                $16,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $45,000,000,000.
                    (B) Outlays, $46,400,000,000.
                    (C) New direct loan obligations, $16,300,000,000.
                    (D) New primary loan guarantee commitments, 
                $15,900,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $44,900,000,000.
                    (B) Outlays, $44,600,000,000.
                    (C) New direct loan obligations, $19,100,000,000.
                    (D) New primary loan guarantee commitments, 
                $15,200,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $45,400,000,000.
                    (B) Outlays, $44,700,000,000.
                    (C) New direct loan obligations, $21,800,000,000.
                    (D) New primary loan guarantee commitments, 
                $14,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $45,900,000,000.
                    (B) Outlays, $45,200,000,000.
                    (C) New direct loan obligations, $21,900,000,000.
                    (D) New primary loan guarantee commitments, 
                $15,000,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $45,000,000,000.
                    (B) Outlays, $44,200,000,000.
                    (C) New direct loan obligations, $22,000,000,000.
                    (D) New primary loan guarantee commitments, 
                $15,800,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $44,600,000,000.
                    (B) Outlays, $43,700,000,000.
                    (C) New direct loan obligations, $22,200,000,000.
                    (D) New primary loan guarantee commitments, 
                $16,600,000,000.
                    (E) New secondary loan guarantee commitments, $0.
    (11) Health (550):
            Fiscal year 1996:
                    (A) New budget authority, $121,900,000,000.
                    (B) Outlays, $122,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $127,700,000,000.
                    (B) Outlays, $127,800,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $132,100,000,000.
                    (B) Outlays, $132,200,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $136,700,000,000.
                    (B) Outlays, $136,700,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $141,500,000,000.
                    (B) Outlays, $141,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $146,300,000,000.
                    (B) Outlays, $146,200,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $149,100,000,000.
                    (B) Outlays, $148,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
    (12) Medicare (570):
            Fiscal year 1996:
                    (A) New budget authority, $177,600,000,000.
                    (B) Outlays, $175,200,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $186,600,000,000.
                    (B) Outlays, $185,000,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $195,900,000,000.
                    (B) Outlays, $194,200,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $206,300,000,000.
                    (B) Outlays, $203,700,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $214,800,000,000.
                    (B) Outlays, $212,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $224,400,000,000.
                    (B) Outlays, $222,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $234,600,000,000.
                    (B) Outlays, $232,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (13) Income Security (600):
            Fiscal year 1996:
                    (A) New budget authority, $222,700,000,000.
                    (B) Outlays, $225,000,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $231,800,000,000.
                    (B) Outlays, $235,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $248,400,000,000.
                    (B) Outlays, $243,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $255,400,000,000.
                    (B) Outlays, $254,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $265,900,000,000.
                    (B) Outlays, $267,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $267,600,000,000.
                    (B) Outlays, $269,000,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $277,600,000,000.
                    (B) Outlays, $279,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $100,000,000.
                    (E) New secondary loan guarantee commitments, $0.
    (14) Social Security (650):
            Fiscal year 1996:
                    (A) New budget authority, $5,900,000,000.
                    (B) Outlays, $8,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $8,100,000,000.
                    (B) Outlays, $10,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $8,800,000,000.
                    (B) Outlays, $11,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $9,600,000,000.
                    (B) Outlays, $12,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $10,500,000,000.
                    (B) Outlays, $12,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $11,100,000,000.
                    (B) Outlays, $13,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $11,700,000,000.
                    (B) Outlays, $14,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (15) Veterans Benefits and Services (700):
            Fiscal year 1996:
                    (A) New budget authority, $37,600,000,000.
                    (B) Outlays, $36,900,000,000.
                    (C) New direct loan obligations, $1,200,000,000.
                    (D) New primary loan guarantee commitments, 
                $26,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $38,100,000,000.
                    (B) Outlays, $38,100,000,000.
                    (C) New direct loan obligations, $1,100,000,000.
                    (D) New primary loan guarantee commitments, 
                $21,600,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $38,500,000,000.
                    (B) Outlays, $38,500,000,000.
                    (C) New direct loan obligations, $1,000,000,000.
                    (D) New primary loan guarantee commitments, 
                $19,700,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $39,100,000,000.
                    (B) Outlays, $39,000,000,000.
                    (C) New direct loan obligations, $1,000,000,000.
                    (D) New primary loan guarantee commitments, 
                $18,600,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $39,200,000,000.
                    (B) Outlays, $40,600,000,000.
                    (C) New direct loan obligations, $1,200,000,000.
                    (D) New primary loan guarantee commitments, 
                $19,300,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $39,700,000,000.
                    (B) Outlays, $41,200,000,000.
                    (C) New direct loan obligations, $1,400,000,000.
                    (D) New primary loan guarantee commitments, 
                $19,900,000,000.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $40,100,000,000.
                    (B) Outlays, $41,600,000,000.
                    (C) New direct loan obligations, $1,700,000,000.
                    (D) New primary loan guarantee commitments, 
                $20,600,000,000.
                    (E) New secondary loan guarantee commitments, $0.
    (16) Administration of Justice (750):
            Fiscal year 1996:
                    (A) New budget authority, $17,800,000,000.
                    (B) Outlays, $17,800,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $16,900,000,000.
                    (B) Outlays, $17,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $16,600,000,000.
                    (B) Outlays, $16,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $16,400,000,000.
                    (B) Outlays, $16,700,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $16,400,000,000.
                    (B) Outlays, $16,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $16,000,000,000.
                    (B) Outlays, $16,200,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $15,900,000,000.
                    (B) Outlays, $16,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (17) General Government (800):
            Fiscal year 1996:
                    (A) New budget authority, $11,600,000,000.
                    (B) Outlays, $12,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $11,600,000,000.
                    (B) Outlays, $11,800,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $12,500,000,000.
                    (B) Outlays, $12,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $11,700,000,000.
                    (B) Outlays, $11,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $12,100,000,000.
                    (B) Outlays, $12,000,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $11,300,000,000.
                    (B) Outlays, $11,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $11,300,000,000.
                    (B) Outlays, $11,000,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (18) Net Interest (900):
            Fiscal year 1996:
                    (A) New budget authority, $295,800,000,000.
                    (B) Outlays, $295,800,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, $304,100,000,000.
                    (B) Outlays, $304,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, $308,400,000,000.
                    (B) Outlays, $308,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $314,300,000,000.
                    (B) Outlays, $314,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $319,400,000,000.
                    (B) Outlays, $319,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $320,000,000.
                    (B) Outlays, $320,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $322,600,000,000.
                    (B) Outlays, $322,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (19) Allowances (920):
            Fiscal year 1996:
                    (A) New budget authority, -$2,300,000,000.
                    (B) Outlays, -$1,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, -$2,400,000,000.
                    (B) Outlays, -$2,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, -$2,400,000,000.
                    (B) Outlays, -$2,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, -$2,500,000,000.
                    (B) Outlays, -$2,700,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, -$2,600,000,000.
                    (B) Outlays, -$2,800,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, -$2,600,000,000.
                    (B) Outlays, -$2,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, -$2,600,000,000.
                    (B) Outlays, -$2,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
    (20) Undistributed Offsetting Receipts (950):
            Fiscal year 1996:
                    (A) New budget authority, -$34,400,000,000.
                    (B) Outlays, -$34,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1997:
                    (A) New budget authority, -$34,200,000,000.
                    (B) Outlays, -$34,200,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1998:
                    (A) New budget authority, -$37,600,000,000.
                    (B) Outlays, -$37,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $36,400,000,000.
                    (B) Outlays, $36,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, -$38,100,000,000.
                    (B) Outlays, -$38,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, -$37,900,000,000.
                    (B) Outlays, -$37,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, -$39,000,000,000.
                    (B) Outlays, -$39,000,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
                    (E) New secondary loan guarantee commitments, $0.
SEC. 4. RECONCILIATION.

    (a)(1) Not later than July 14, 1995, the House committees named in 
paragraphs (1) through (12) of subsection (b) of this section shall 
submit their recommendations to the House Committee on the Budget. 
After receiving those recommendations, the House Committee on the 
Budget shall report to the House a reconciliation bill carrying out all 
such recommendations without any substantive revision.
    (2) Each committee named in paragraphs (1) through (11) of 
subsection (b) shall report changes in laws within its jurisdiction 
that provide direct spending such that the total level of direct 
spending for that committee for--
            (A) fiscal year 1996,
            (B) the 5-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2000, and
            (C) the 7-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2002,
does not exceed the total level of direct spending in that period in 
the paragraph applicable to that committee.
    (3) Each committee named in paragraphs (2)(B), (4)(B), (5)(B), and 
(6)(B) of subsection (b) shall report changes in laws within its 
jurisdiction as set forth in the paragraph applicable to that 
committee.
    (4) The Committee on Ways and Means shall carry out subsection 
(b)(12).
    (b)(1) The House Committee on Agriculture: $35,824,000,000 in 
outlays in fiscal year 1996, $171,886,000,000 in outlays in fiscal 
years 1996 through 2000, and $263,102,000,000 in outlays in fiscal 
years 1996 through 2002.
    (2)(A) The House Committee on Banking and Financial Services: 
-$12,897,000,000 in outlays in fiscal year 1996, -$43,065,000,000 in 
outlays in fiscal years 1996 through 2000, and -$57,184,000,000 in 
outlays in fiscal years 1996 through 2002.
    (B) The House Committee on Banking and Financial Services shall 
report changes in laws within its jurisdiction that would reduce the 
deficit by: $0 in fiscal year 1996, -$100,000,000 in fiscal years 1996 
through 2000, and -$260,000,000 in fiscal years 1996 through 2002.
    (3) The House Committee on Commerce: $293,665,000,000 in outlays in 
fiscal year 1996, $1,726,600,000,000 in outlays in fiscal years 1996 
through 2000, and $2,625,094,000,000 in outlays in fiscal years 1996 
through 2002.
    (4)(A) The House Committee on Economic and Educational 
Opportunities: $13,727,000,000 in outlays in fiscal year 1996, 
$61,570,000,000 in outlays in fiscal years 1996 through 2000, and 
$95,520,000,000 in outlays in fiscal years 1996 through 2002.
    (B) In addition to changes in law reported pursuant to subparagraph 
(A), the House Committee on Economic and Educational Opportunities 
shall report program changes in laws within its jurisdiction that would 
result in a reduction in outlays as follows: -$720,000,000 in fiscal 
year 1996, -$5,908,000,000 in fiscal years 1996 through 2000, and 
-$9,018,000,000 in fiscal years 1996 through 2002.
    (5)(A) The House Committee on Government Reform and Oversight: 
$57,725,000,000 in outlays in fiscal year 1996, $313,647,000,000 in 
outlays in fiscal years 1996 through 2000, and $455,328,000,000 in 
outlays in fiscal years 1996 through 2002.
    (B) In addition to changes in law reported pursuant to subparagraph 
(A), the House Committee on Government Reform and Oversight shall 
report changes in laws within its jurisdiction that would reduce the 
deficit by: -$988,000,000 in fiscal year 1996, -$9,618,000,000 in 
fiscal years 1996 through 2000, and -$14,740,000,000 in fiscal years 
1996 through 2002.
    (6)(A) The House Committee on International Relations: 
$14,246,000,000 in outlays in fiscal year 1996, $62,076,000,000 in 
outlays in fiscal years 1996 through 2000, and $83,206,000,000 in 
outlays in fiscal years 1996 through 2002.
    (B) In addition to changes in law reported pursuant to subparagraph 
(A), the House Committee on International Relations shall shall report 
changes in laws within its jurisdiction that would reduce the deficit 
by: -$19,000,000,000 in fiscal year 1996, -$95,000,000,000 in fiscal 
years 1996 through 2000, and -$123,000,000 in fiscal years 1996 through 
2002.
    (7) The House Committee on the Judiciary: $2,580,000,000 in outlays 
in fiscal year 1996, $14,043,000,000 in outlays in fiscal years 1996 
through 2000, and $20,029,000,000 in outlays in fiscal years 1996 
through 2002.
    (8) The House Committee on National Security: $38,769,000,000 in 
outlays in fiscal year 1996, $224,682,000,000 in outlays in fiscal 
years 1996 through 2000, and $328,334,000,000 in outlays in fiscal 
years 1996 through 2002.
    (9) The House Committee on Resources: $1,558,000,000 in outlays in 
fiscal year 1996, $6,532,000,000 in outlays in fiscal years 1996 
through 2000, and $12,512,000,000 in outlays in fiscal years 1996 
through 2002.
    (10) The House Committee on Transportation and Infrastructure: 
$16,636,000,000 in outlays in fiscal year 1996, $83,227,000,000 in 
outlays in fiscal years 1996 through 2000, and $117,079,000,000 in 
outlays in fiscal years 1996 through 2002.
    (11) The House Committee on Veterans' Affairs: $19,041,000,000 in 
outlays in fiscal year 1996, $105,965,000,000 in outlays in fiscal 
years 1996 through 2000, and $154,054,000,000 in outlays in fiscal 
years 1996 through 2002.
    (12)(A) The House Committee on Ways and Means shall report changes 
in laws within its jurisdiction that provide direct spending such that 
the total level of direct spending for that committee for--
            (i) fiscal year 1996,
            (ii) the 5-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2000, and
            (iii) the 7-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2002,
does not exceed the following level in that period: $356,336,000,000 in 
outlays in fiscal year 1996, $2,152,905,000,000 in outlays in fiscal 
years 1996 through 2000, and $3,297,787,000,000 in outlays in fiscal 
years 1996 through 2002.
    (B) In addition to changes in law reported pursuant to subparagraph 
(A), the House Committee on Ways and Means shall report changes in laws 
within its jurisdiction such that the total level of revenues for that 
committee for--
            (i) fiscal year 1996,
            (ii) the 5-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2000, and
            (iii) the 7-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2002,
is not less than the following amount in that period: 
$1,027,612,000,000 in fiscal year 1996, $5,371,087,000,000 in fiscal 
years 1996 through 2000, and $7,836,405,000,000 in fiscal years 1996 
through 2002.
    (c)(1) Not later than September 14, 1995, the House committees 
named in paragraphs (2) and (3) shall submit their recommendations to 
the House Committee on the Budget. After receiving those 
recommendations, the House Budget Committee shall report to the House a 
reconciliation bill carrying out all such recommendations without any 
substantive revisions.
    (2) In addition to changes in laws reported pursuant to subsection 
(b)(3), the House Committee on Commerce shall report changes in laws 
within its jurisdiction that provide direct spending such that the 
total level of direct spending for that committee for--
            (A) fiscal year 1996,
            (B) the 5-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2000, and
            (C) the 7-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2002,
does not exceed the following level in that period: $287,165,000,000 in 
outlays in fiscal year 1996, $1,592,200,000,000 in outlays in fiscal 
years 1996 through 2000, and $2,338,694,000,000 in outlays in fiscal 
years 1996 through 2002.
    (3) In addition to changes in laws reported pursuant to subsection 
(b)(12), the House Committee on Ways and Means shall report changes in 
laws within its jurisdiction that provide direct spending such that the 
total level of direct spending for that committee for--
            (A) fiscal year 1996,
            (B) the 5-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2000, and
            (C) the 7-year period beginning with fiscal year 1996 and 
        ending with fiscal year 2002,
does not exceed the following level in that period: $349,836,000,000 in 
outlays in fiscal year 1996, $2,018,505,000,000 in outlays in fiscal 
years 1996 through 2000, and $3,009,387,000,000 in outlays in fiscal 
years 1996 through 2002.
    (d) For purposes of this section, the term ``direct spending'' has 
the meaning given to such term in section 250(c)(8) of the Balanced 
Budget and Emergency Deficit Control Act of 1985.

SEC. 5. AGRICULTURAL SAVINGS.

    Congress shall re-examine budget reductions for agricultural 
programs in the United States Department of Agriculture for fiscal 
years 1999 and 2000 unless the following conditions are met--
            (1) land values on agricultural land on January 1, 1998, 
        are at least 95 percent of the same values on the date of 
        adoption of this resolution;
            (2) there is enacted into law regulatory relief for the 
        agricultural sector in the areas of wetlands regulation, the 
        Endangered Species Act, private property rights and cost-
        benefit analyses of proposed regulations;
            (3) there is tax relief for producers in the form of 
        capital gains tax reduction, increased estate tax exemptions 
        and mechanisms to average tax loads over strong and weak income 
        years; and
            (4) there is no government interference in the 
        international market in the form of agricultural trade 
        embargoes in effect and there is successful implementation and 
        enforcement of trade agreements,
including the General Agreement on Tariffs and Trade (GATT) and the 
North American Free Trade Agreement (NAFTA) to lower export subsidies 
and reduce import barriers to trade imposed by foreign governments.

SEC. 6. SALE OF GOVERNMENT ASSETS.

    (a) Sense of Congress.--It is the sense of the Congress that--
            (1) the prohibition on scoring asset sales has discouraged 
        the sale of assets that can be better managed by the private 
        sector and generate receipts to reduce the Federal budget 
        deficit;
            (2) the President's fiscal year 1996 budget included 
        $8,000,000,000 in receipts from asset sales and proposed a 
        change in the asset sale scoring rule to allow the proceeds 
        from these sales to be scored;
            (3) assets should not be sold if such sale would increase 
        the budget deficit over the long run; and
            (4) the asset sale scoring prohibition should be repealed 
        and consideration should be given to replacing it with a 
        methodology that takes into account the long-term budgetary 
        impact of asset sale.
    (b) Budgetary Treatment.--For purposes of the Congressional Budget 
Act of 1974, the amounts realized from sales of assets shall be scored 
with respect to the level of budget authority, outlays, or revenues.
    (c) Definition.--For purposes of this section, 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.
    (d) Treatment of Loan Assets.--For purposes of this section, the 
sale of loan assets or the prepayment of a loan shall be governed by 
the terms of the Federal Credit Reform Act of 1990.

SEC. 7. INTERNAL REVENUE SERVICE COMPLIANCE INITIATIVE.

    (a) Adjustments.--(1) For purposes of points of order under the 
Congressional Budget Act of 1974 and concurrent resolutions on the 
budget--
            (A) the discretionary spending limits under section 
        601(a)(2) of that Act (and those limits as cumulatively 
        adjusted) for the current fiscal year and each outyear;
            (B) the allocations to the Committee on Appropriations 
        under sections 302(a) and 602(a) of that Act; and
            (C) the appropriate budgetary aggregates in the most 
        recently agreed to concurrent resolution on the budget,
shall be adjusted to reflect the amounts of additional new budget 
authority or additional outlays (as defined in paragraph (2)) reported 
by the Committee on Appropriations in appropriation Acts (or by the 
committee of conference on such legislation) for the Internal Revenue 
Service compliance initiative activities in any fiscal year, but not to 
exceed in any fiscal year $405,000,000 in new budget authority and 
$405,000,000 in outlays.
    (2) As used in this section, the terms ``additional new budget 
authority'' or ``additional outlays'' shall mean, for any fiscal year, 
budget authority or outlays (as the case may be) in excess of the 
amounts requested for that fiscal year for the Internal Revenue Service 
in the President's Budget for fiscal year 1996.
    (b) Revised Limits, Allocations, and Aggregates.--Upon the 
reporting of legislation pursuant to subsection (a), 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 or the House of Representatives (as the case may be) shall 
submit to that chairman's respective House appropriately revised--
            (1) discretionary spending limits under section 601(a)(2) 
        of the Congressional Budget Act of 1974 (and those limits as 
        cumulatively adjusted) for the current fiscal year and each 
        outyear;
            (2) allocations to the Committee on Appropriations under 
        sections 302(a) and 602(a) of that Act; and
            (3) appropriate budgetary aggregates in the most recently 
        agreed to concurrent resolution on the budget,
to carry out this subsection. These revised discretionary spending 
limits, allocations, and aggregates shall be considered for purposes of 
congressional enforcement under that Act as the discretionary spending 
limits, allocations, and aggregates.
    (c) Reporting Revised Suballocations.--The Committees on 
Appropriations of the Senate and the House of Representatives may 
report appropriately revised suballocations pursuant to sections 
302(b)(1) and 602(b)(1) of the Congressional Budget Act of 1974 to 
carry out this section.
    (d) Contingencies.--
            (1) The Internal Revenue Service and the Department of the 
        Treasury have certified that they are firmly committed to the 
        principles of privacy, confidentiality, courtesy, and 
        protection of taxpayer rights. To this end, the Internal 
        Revenue Service and the Department of the Treasury have 
        explicitly committed to initiate and implement educational 
        programs for any new employees hired as a result of the 
        compliance initiative made possible by this section.
            (2) This section shall not apply to any additional new 
        budget authority or additional outlays unless--
                    (A) the chairmen of the Budget Committees certify, 
                based upon information from the Congressional Budget 
                Office, the General Accounting Office, and the Internal 
                Revenue Service (as well as from any other sources they 
                deem relevant), that such budget authority or outlays 
                will not increase the total of the Federal budget 
                deficits over the next five years; and
                    (B) any funds made available pursuant to such 
                budget authority or outlays are available only for the 
                purpose of carrying out Internal Revenue Service 
                compliance initiative activities.
SEC. 8. SENSE OF THE CONGRESS ON BASELINES.

    (a) Findings.--The Congress finds that:
            (1) Baselines are projections of future spending if 
        existing policies remain unchanged.
            (2) Under baseline assumptions, spending automatically 
        rises with inflation even if such increases are not provided 
        under current law.
            (3) Baseline budgeting is inherently biased against 
        policies that would reduce the projected growth in spending 
        because such policies are scored as a reduction from a rising 
        baseline.
            (4) The baseline concept has encouraged Congress to 
        abdicate its constitutional responsibility to control the 
        public purse for programs which are automatically funded under 
        existing law.
    (b) Sense of Congress.--It is the sense of the Congress that 
baseline budgeting should be replaced with a form of budgeting that 
requires full justification and analysis of budget proposals and 
maximizes congressional accountability for public spending.

SEC. 9. SENSE OF CONGRESS ON EMERGENCIES.

    (a) Findings.--The Congress finds that:
            (1) The Budget Enforcement Act of 1990 exempted from the 
        discretionary spending limits and the Pay-As-You-Go 
        requirements for entitlement and tax legislation funding 
        requirements that are designated by Congress and the President 
        as an emergency.
            (2) Congress and the President have increasingly misused 
        the emergency designation by--
                    (A) designating funding as an emergency that is 
                neither unforeseen nor a genuine emergency, and
                    (B) circumventing spending limits or passing 
                controversial items that would not pass scrutiny in a 
                free-standing bill.
    (b) Sense of Congress.--It is the sense of Congress that Congress 
should study alternative approaches to budgeting for emergencies, 
including codifying the definition of an emergency and establishing 
contingency funds to pay for emergencies.

SEC. 10. SENSE OF CONGRESS REGARDING PRIVATIZATION OF THE STUDENT LOAN 
              MARKETING ASSOCIATION (SALLIE MAE).

    (a) Findings.--The Congress finds that:
            (1) The Student Loan Marketing Association was established 
        in 1972 as a government-sponsored corporation dedicated to 
        ensuring adequate private sector funding for federally 
        guaranteed education loans.
            (2) Since 1972, student loan volume has grown from 
        $1,000,000,000 a year to $25,000,000,000 a year. The Student 
        Loan Marketing Association was instrumental in fostering this 
        expansion of the student loan program.
            (3) With securitization and 42 secondary markets, there 
        currently exist numerous alternatives for lenders wishing to 
        sell or liquidate their portfolios of student loans.
            (4) Maintaining Student Loan Marketing Association as a 
        Government-sponsored enterprise exposes taxpayers to an 
        unnecessary liability.
    (b) Sense of Congress.--It is the sense Congress that the Student 
Loan Marketing Association should be restructured as a private 
corporation.

SEC. 11. SENSE OF HOUSE OF REPRESENTATIVES REGARDING DEBT REPAYMENT.

    It is the sense of the House of Representatives that--
            (1) the Congress has a basic moral and ethical 
        responsibility to future generations to repay the Federal debt;
            (2) the Congress should enact a plan that balances the 
        budget, and then also develops a regimen for paying off the 
        Federal debt;
            (3) after the budget is balanced, a surplus should be 
        created, which can be used to begin paying off the debt; and
            (4) such a plan should be formulated and implemented so 
        that this generation can save future generations from the 
        crushing burdens of the Federal debt.

SEC. 12. SENSE OF CONGRESS REGARDING REPEAL OF HOUSE RULE XLIX AND THE 
              LEGAL LIMIT ON THE PUBLIC DEBT.

    It is the sense of Congress that--
            (1) rule XLIX of the Rules of House of Representatives 
        (popularly known as the Gephardt rule) should be repealed;
            (2) the fiscal year 1996 reconciliation bill should be 
        enacted into law before passage of the debt limit extension; 
        and
            (3) the debt limit should only be set at levels, and for 
        durations, that help assure a balanced budget by fiscal year 
        2002 or sooner.

SEC. 13. SENSE OF CONGRESS REGARDING THE BUDGETARY TREATMENT OF THE 
              ADMINISTRATIVE COSTS FOR DIRECT LOANS.

    (a) Findings.--The Congress finds that the Federal Credit Reform 
Act of 1990 understates the cost to the Government of direct loans 
because administrative costs are not included in the net present value 
calculation of Federal direct loan subsidy costs.
    (b) Sense of Congress.--It is the sense of the Congress that the 
cost of a direct loan should be the net present value, at the time the 
direct loan is disbursed, of the following cash flows for the estimated 
life of the loan:
            (1) Loan disbursement.
            (2) Repayments of principal.
            (3) Interest costs and other payments by or to the 
        Government over the life of the loan after adjusting for 
        estimated defaults, prepayments, fees, penalties, and other 
        recoveries.
            (4) In the case of a direct loan made pursuant to a program 
        for which the Congressional Budget Office estimates that for 
        the coming fiscal year (or any prior fiscal year) loan 
        commitments will equal or exceed $5,000,000,000, direct 
        expenses, including expenses arising from--
                    (A) activities related to credit extension, loan 
                origination, and loan servicing;
                    (B) payments to contractors, other Government 
                entities, and program participants;
                    (C) management of contractors;
                    (D) collection of delinquents loans; and
                    (E) write-off and close-out of loans.

SEC. 14. SENSE OF THE CONGRESS REGARDING COMMISSION ON THE SOLVENCY OF 
              THE FEDERAL MILITARY AND CIVIL SERVICE RETIREMENT FUNDS.

    (a) Findings.--The Congress finds that the Federal retirement 
system, for both military and civil service retirees, currently has 
liabilities of $1.1 trillion, while holding assets worth $340 billion 
and anticipating employee contributions of $220 billion, which leaves 
an unfunded liability of $540 billion.
    (b) Sense of Congress.--It is the sense of the Congress that a 
high-level commission should be convened to study the problems 
associated with the Federal retirement system and make recommendations 
that will ensure the long-term solvency of the military and civil 
service retirement funds.
            Passed the House of Representatives May 18, 1995.

            Attest:

                                                                 Clerk.
                                     

104th CONGRESS

  1st Session

                            H. CON. RES. 67

_______________________________________________________________________

                         CONCURRENT RESOLUTION

Setting forth the congressional budget for the United States Government 
   for the fiscal years 1996, 1997, 1998, 1999, 2000, 2001, and 2002.
```