IB

104TH CONGRESS

1ST SESSION H. R. 1162

[Report No. 104–205, Part 1]

To establish a Deficit Reduction Trust Fund and provide for the downward

adjustment of discretionary spending limits in appropriation bills.

IN THE HOUSE OF REPRESENTATIVES

MARCH 8, 1995

Mr. CRAPO (for himself, Ms. HARMAN, Mr. HASTERT, Mr. SCHUMER, Mrs.

MORELLA, Mr. BREWSTER, Mr. SHAYS, Mr. EDWARDS, Mr. INGLIS of

South Carolina, Mr. STENHOLM, Mr. KASICH, Ms. MOLINARI, Ms. DUNN

of Washington, Mr. ACKERMAN, Mr. FROST, Mr. KLUG, Mr. WELDON of

Pennsylvania, Mr. WELLER, Mr. MEEHAN, Mr. MINGE, Mr. POSHARD,

Mr. HANCOCK, Mr. LIPINSKI, Mr. ORTON, Ms. ESHOO, Mr. CASTLE,

Mrs. LINCOLN, Mr. GREENWOOD, Mr. BURTON of Indiana, Mrs.

WALDHOLTZ, Mr. BEREUTER, Mr. BARRETT of Wisconsin, Mr. BUYER,

Mr. BROWDER, Mr. BURR, Mr. DEAL of Georgia, Mr. NEUMANN, and

Mr. BROWN of Ohio) introduced the following bill; which was referred to

the Committee on the Budget, and in addition to the Committees on Government Reform and Oversight and Rules, for a period to be subsequently

determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

JULY 25, 1995

Additional sponsors: Mr. PORTMAN, Mr. MCHALE, Mr. FOLEY, Mr. WELDON

of Florida, Mr. MILLER of Florida, Mr. WYNN, Mr. BENTSEN, Mr. LUTHER, Mr. QUINN, Mr. TANNER, Mr. MARTINI, Mr. HERGER, Mr. FOX

of Pennsylvania, Mr. UPTON, Mr. COOLEY, Mr. ZIMMER, Mr. HOEKSTRA,

Mr. ROYCE, Mr. HUTCHINSON, Mr. WHITE, Mr. SANFORD, Mr. MCINNIS,

Mr. COBURN, Mrs. SMITH of Washington, Mr. FORBES, Mrs. MYRICK,

Mr. BLUTE, Mr. SOLOMON, Mr. GOSS, Mr. ROHRABACHER, Mrs. CUBIN,

Mrs. CHENOWETH, Mr. SHADEGG, and Mr. PETERSON of Minnesota

JULY 25, 1995

Reported from the Committee on Rules with amendments
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[Strike out all after the enacting clause and insert the part printed in italic]

[For text of introduced bill, see copy of bill as introduced on March 8, 1995]

A BILL

To establish a Deficit Reduction Trust Fund and provide

for the downward adjustment of discretionary spending

limits in appropriation bills.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Deficit Reduction Lock5 box Act of 1995’’.

6 SEC. 2. DEFICIT REDUCTION LOCK-BOX ACCOUNT.

7 (a) ESTABLISHMENT OF ACCOUNT.—Title III of the

8 Congressional Budget Act of 1974 is amended by adding

9 at the end the following new section:

10 ‘‘DEFICIT REDUCTION LOCK-BOX ACCOUNT

11 ‘‘SEC. 314. (a) ESTABLISHMENT OF ACCOUNT.—There

12 is established in the Congressional Budget Office an account

13 to be known as the ‘Deficit Reduction Lock-box Account’.

14 The Account shall be divided into subaccounts correspond15 ing to the subcommittees of the Committees on Appropria16 tions. Each subaccount shall consist of three entries: the

17 ‘House Lock-box Balance’; the ‘Senate Lock-box Balance’;

18 and the ‘Joint House-Senate Lock-box Balance’.
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1 ‘‘(b) CONTENTS OF ACCOUNT.—Each entry in a sub2 account shall consist only of amounts credited to it under

3 subsection (c). No entry of a negative amount shall be made.

4 ‘‘(c) CREDIT OF AMOUNTS TO ACCOUNT.—(1) The Di5 rector of the Congressional Budget Office (hereinafter in this

6 section referred to as the ‘Director’) shall, upon the engross7 ment of any appropriation bill by the House of Representa8 tives and upon the engrossment of that bill by the Senate,

9 credit to the applicable subaccount balance of that House

10 amounts of new budget authority and outlays equal to the

11 net amounts of reductions in new budget authority and in

12 outlays resulting from amendments agreed to by that House

13 to that bill.

14 ‘‘(2) The Director shall, upon the engrossment of Sen15 ate amendments to any appropriation bill, credit to the ap16 plicable Joint House-Senate Lock-box Balance the amounts

17 of new budget authority and outlays equal to—

18 ‘‘(A) an amount equal to one-half of the sum of

19 (i) the amount of new budget authority in the House

20 Lock-box Balance plus (ii) the amount of new budget

21 authority in the Senate Lock-box Balance for that

22 bill; and

23 ‘‘(B) an amount equal to one-half of the sum of

24 (i) the amount of outlays in the House Lock-box Bal-
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1 ance plus (ii) the amount of outlays in the Senate

2 Lock-box Balance for that bill,

3 under section 314(c), as calculated by the Director of the

4 Congressional Budget Office.

5 ‘‘(d) DEFINITION.—As used in this section, the term

6 ‘appropriation bill’ means any general or special appro7 priation bill, and any bill or joint resolution making sup8 plemental, deficiency, or continuing appropriations

9 through the end of a fiscal year.’’.

10 (b) CONFORMING AMENDMENT.—The table of contents

11 set forth in section 1(b) of the Congressional Budget and

12 Impoundment Control Act of 1974 is amended by inserting

13 after the item relating to section 313 the following new item:

‘‘Sec. 314. Deficit reduction lock-box account.’’

14 SEC. 3. TALLY DURING HOUSE CONSIDERATION.

15 There shall be available to Members in the House of

16 Representatives during consideration of any appropriations

17 bill by the House a running tally of the amendments adopt18 ed reflecting increases and decreases of budget authority in

19 the bill as reported.

20 SEC. 4. DOWNWARD ADJUSTMENT OF 602(a) ALLOCATIONS

21 AND SECTION 602(b) SUBALLOCATIONS.

22 (a) ALLOCATIONS.—Section 602(a) of the Congres23 sional Budget Act of 1974 is amended by adding at the

24 end the following new paragraph:
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1 ‘‘(5) Upon the engrossment of Senate amend2 ments to any appropriation bill (as defined in section

3 314(d)) for a fiscal year, the amounts allocated under

4 paragraph (1) or (2) to the Committee on Appropria5 tions of each House upon the adoption of the most re6 cent concurrent resolution on the budget for that fiscal

7 year shall be adjusted downward by the amounts

8 credited to the applicable Joint House-Senate Lock9 box Balance under section 314(c)(2), as calculated by

10 the Director of the Congressional Budget Office, and

11 the revised levels of budget authority and outlays shall

12 be submitted to each House by the chairman of the

13 Committee on the Budget of that House and shall be

14 printed in the Congressional Record.’’.

15 (b) SUBALLOCATIONS.—Section 602(b)(1) of the Con16 gressional Budget Act of 1974 is amended by adding at the

17 end the following new sentence: ‘‘Whenever an adjustment

18 is made under subsection (a)(5) to an allocation under that

19 subsection, the Director of the Congressional Budget Office

20 shall make downward adjustments in the most recent

21 suballocations of new budget authority and outlays under

22 subparagraph (A) to the appropriate subcommittees of that

23 committee in the total amounts of those adjustments under

24 section 314(c)(2). The revised suballocations shall be sub25 mitted to each House by the chairman of the Committee
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1 on Appropriations of that House and shall be printed in

2 the Congressional Record.’’.

3 SEC. 5. PERIODIC REPORTING OF ACCOUNT STATEMENTS.

4 Section 308(b)(1) of the Congressional Budget Act of

5 1974 is amended by adding at the end the following new

6 sentence: ‘‘Such reports shall also include an up-to-date tab7 ulation of the amounts contained in the account and each

8 subaccount established by section 314(a).’’.

9 SEC. 6. DOWNWARD ADJUSTMENT OF DISCRETIONARY

10 SPENDING LIMITS.

11 The discretionary spending limit for new budget au12 thority for any fiscal year set forth in section 601(a)(2) of

13 the Congressional Budget Act of 1974, as adjusted in strict

14 conformance with section 251 of the Balanced Budget and

15 Emergency Deficit Control Act of 1985, shall be reduced by

16 the amount of the adjustment to the section 602(a) alloca17 tions made under section 602(a)(5) of the Congressional

18 Budget Act of 1974, as calculated by the Director of the

19 Office of Management and Budget. The adjusted discre20 tionary spending limit for outlays for that fiscal year, as

21 set forth in such section 601(a)(2), shall be reduced as a

22 result of the reduction of such budget authority, as cal23 culated by the Director of the Office of Management and

24 Budget based upon programmatic and other assumptions

25 set forth in the joint explanatory statement of managers ac-
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1 companying the conference report on that bill. Reductions

2 (if any) shall occur upon the enactment of all regular ap3 propriation bills for a fiscal year or a resolution making

4 continuing appropriations through the end of that fiscal

5 year. This adjustment shall be reflected in reports under

6 sections 254(g) and 254(h) of the Balanced Budget and

7 Emergency Deficit Control Act of 1985.

8 SEC. 7. EFFECTIVE DATE.

9 (a) IN GENERAL.—This Act shall apply to all appro10 priation bills making appropriations for fiscal year 1996

11 or any subsequent fiscal year.

12 (b) FY96 APPLICATION.—In the case of any appro13 priation bill for fiscal year 1996 engrossed by the House

14 of Representatives after the date this bill was engrossed by

15 the House of Representatives and before the date of enact16 ment of this bill, the Director of the Congressional Budget

17 Office, the Director of the Office of Management and Budg18 et, and the Committees on Appropriations and the Commit19 tees on the Budget of the House of Representatives and of

20 the Senate shall, within 10 calendar days after that date

21 of enactment of this Act, carry out the duties required by

22 this Act and amendments made by it that occur after the

23 date this Act was engrossed by the House of Representatives.

24 (c) FY96 ALLOCATIONS.—The duties of the Director of

25 the Congressional Budget Office and of the Committees on
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1 Budget and on Appropriations of the House of Representa2 tives pursuant to this Act and the amendments made by

3 it regarding appropriation bills for fiscal year 1996 shall

4 be based upon the revised section 602(a) allocations in effect

5 on the date this Act was engrossed by the House of Rep6 resentatives.

7 (d) DEFINITION.—As used in this section, the term

8 ‘‘appropriation bill’’ means any general or special appro9 priation bill, and any bill or joint resolution making sup10 plemental, deficiency, or continuing appropriations

11 through the end of a fiscal year.

Amend the title so as to read: ‘‘A bill to establish

procedures to provide for a deficit reduction lock-box and

related downward adjustment of discretionary spending

limits.’’.