```

[Journal of the House of Representatives, 1995]
[Thursday, June 29, 1995 (89), Para 89.10 Congressional Budget--FY 1996-FY 2002]
[Pages 1070-1079]
[From the U.S. Government Publishing Office, www.gpo.gov]

para.89.10  congressional budget--fy 1996-fy 2002

  Mr. KASICH, pursuant to House Resolution 175, called up the following 
conference report (Rept. No. 104-159):

       The committee of conference on the disagreeing votes of the 
     two Houses on the amendment of the Senate to the concurrent 
     resolution (H. Con. Res. 67), setting forth the congressional 
     budget for the United States Government for the fiscal years 
     1996, 1997, 1998, 1999, 2000, 2001, and 2002, having met, 
     after full and free conference, have agreed to recommend and 
     do recommend to their respective Houses as follows:
       That the House recede from its disagreement to the 
     amendment of the Senate and agree to the same with an 
     amendment as follows:
       In lieu of the matter proposed to be inserted by the Senate 
     amendment, insert the following:

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

       (a) Declaration.--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, as required 
     by section 301 of the Congressional Budget Act of 1974, and 
     including the appropriate levels for fiscal years 2001 and 
     2002.
       (b) Table of Contents.--The table of contents for this 
     concurrent resolution is as follows:
Sec. 1. Concurrent resolution on the budget for fiscal year 1996.

                      TITLE I--LEVELS AND AMOUNTS

Sec. 101. Recommended levels and amounts.
Sec. 102. Debt increase.
Sec. 103. Social Security.
Sec. 104. Major functional categories.
Sec. 105. Reconciliation.

             TITLE II--BUDGETARY RESTRAINTS AND RULEMAKING

Sec. 201. Discretionary spending limits.
Sec. 202. Extension of pay-as-you-go point of order.
Sec. 203. Tax reserve fund in the Senate.
Sec. 204. Welfare reform reserve fund.
Sec. 205. Budget surplus allowance.
Sec. 206. Sale of government assets.
Sec. 207. Credit reform and direct student loans.
Sec. 208. Extension of Budget Act 60-vote enforcement through 2002.
Sec. 209. Repeal of IRS allowance.
Sec. 210. Tax reduction contingent on balanced budget in the House of 
              Representatives.
Sec. 211. Exercise of rulemaking powers.

 TITLE III--SENSE OF THE CONGRESS, HOUSE OF REPRESENTATIVES, AND SENATE

Sec. 301. Sense of the Congress on the elimination of fraud, waste, and 
              abuse in the medicare system.
Sec. 302. Sense of Congress regarding privatization of the student loan 
              marketing association (Sallie Mae).
Sec. 303. Sense of the Congress regarding the debt limit.
Sec. 304. Sense of the Congress assumptions.
Sec. 305. Sense of the Senate that tax reductions should benefit 
              working families.
Sec. 306. Sense of the Senate on the distribution of agriculture 
              savings.
Sec. 307. Sense of the Senate on the establishment of a medicare 
              solvency commission.
Sec. 308. Sense of the Senate regarding protection of children's 
              health.
Sec. 309. Sense of the Senate on the assumptions.
Sec. 310. House Statement on agriculture savings.
Sec. 311. Sense of the House on baselines.
Sec. 312. Sense of the House regarding a commission on the solvency of 
              the Federal military and civil service retirement funds.
Sec. 313. Sense of the House regarding the repeal of House Rule XLIX.
Sec. 314. Sense of the House on emergencies.
                      TITLE I--LEVELS AND AMOUNTS

     SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.

       The following budgetary levels are appropriate for the 
     fiscal years 1996, 1997, 1998, 1999, 2000, 2001, and 2002:
       (1) Federal Revenues.--For purposes of the enforcement of 
     this resolution--
       (A) The recommended levels of Federal revenues are as 
     follows:
       Fiscal year 1996: $1,042,500,000,000.
       Fiscal year 1997: $1,082,700,000,000.
       Fiscal year 1998: $1,134,200,000,000.
       Fiscal year 1999: $1,186,700,000,000.
       Fiscal year 2000: $1,245,400,000,000.
       Fiscal year 2001: $1,313,400,000,000.
       Fiscal year 2002: $1,384,200,000,000.
       (B) The amounts by which the aggregate levels of Federal 
     revenues should be changed are as follows:
       Fiscal year 1996: $100,000,000.
       Fiscal year 1997: $100,000,000.
       Fiscal year 1998: $200,000,000.
       Fiscal year 1999: $200,000,000.
       Fiscal year 2000: $200,000,000.
       Fiscal year 2001: $200,000,000.
       Fiscal year 2002: $200,000,000.
       (C) The amounts for Federal Insurance Contributions Act 
     revenues for hospital insurance within the recommended levels 
     of Federal revenues are as follows:
       Fiscal year 1996: $103,800,000,000.
       Fiscal year 1997: $109,000,000,000.
       Fiscal year 1998: $114,900,000,000.
       Fiscal year 1999: $120,700,000,000.
       Fiscal year 2000: $126,900,000,000.
       Fiscal year 2001: $133,600,000,000.
       Fiscal year 2002: $140,400,000,000.
       (2) New Budget Authority.--For purposes of the enforcement 
     of this resolution, the appropriate levels of total new 
     budget authority are as follows:
       Fiscal year 1996: $1,285,500,000,000.
       Fiscal year 1997: $1,324,300,000,000.
       Fiscal year 1998: $1,362,300,000,000.
       Fiscal year 1999: $1,396,900,000,000.
       Fiscal year 2000: $1,445,600,000,000.
       Fiscal year 2001: $1,476,300,000,000.
       Fiscal year 2002: $1,518,800,000,000.
       (3) Budget Outlays.--For purposes of the enforcement of 
     this resolution, the appropriate levels of total budget 
     outlays are as follows:
       Fiscal year 1996: $1,288,100,000,000.
       Fiscal year 1997: $1,316,800,000,000.
       Fiscal year 1998: $1,338,200,000,000.
       Fiscal year 1999: $1,379,600,000,000.
       Fiscal year 2000: $1,426,500,000,000.
       Fiscal year 2001: $1,453,600,000,000.
       Fiscal year 2002: $1,492,600,000,000.
       (4) Deficits.--For purposes of the enforcement of this 
     resolution, the amounts of the deficits are as follows:
       Fiscal year 1996: $245,600,000,000.
       Fiscal year 1997: $234,100,000,000.
       Fiscal year 1998: $204,000,000,000.
       Fiscal year 1999: $192,900,000,000.
       Fiscal year 2000: $181,100,000,000.
       Fiscal year 2001: $140,200,000,000.
       Fiscal year 2002: $108,400,000,000.
       (5) Public Debt.--The appropriate levels of the public debt 
     are as follows:
       Fiscal year 1996: $5,210,700,000,000.
       Fiscal year 1997: $5,510,100,000,000.
       Fiscal year 1998: $5,779,800,000,000.
       Fiscal year 1999: $6,038,900,000,000.
       Fiscal year 2000: $6,288,900,000,000.
       Fiscal year 2001: $6,503,500,000,000.
       Fiscal year 2002: $6,688,600,000,000.
       (6) Direct Loan Obligations.--The appropriate levels of 
     total new direct loan obligations are as follows:
       Fiscal year 1996: $37,600,000,000.
       Fiscal year 1997: $40,200,000,000.
       Fiscal year 1998: $42,300,000,000.
       Fiscal year 1999: $45,700,000,000.
       Fiscal year 2000: $45,800,000,000.
       Fiscal year 2001: $45,800,000,000.
       Fiscal year 2002: $46,100,000,000.
       (7) Primary Loan Guarantee Commitments.--The appropriate 
     levels of new primary loan guarantee commitments are as 
     follows:
       Fiscal year 1996: $193,400,000,000.
       Fiscal year 1997: $187,900,000,000.
       Fiscal year 1998: $185,300,000,000.
       Fiscal year 1999: $183,300,000,000.
       Fiscal year 2000: $184,700,000,000.
       Fiscal year 2001: $186,100,000,000.
       Fiscal year 2002: $187,600,000,000.

     SEC. 102. DEBT INCREASE.

       The amounts of the increase in the public debt subject to 
     limitation are as follows:
       Fiscal year 1996: $307,800,000,000.
       Fiscal year 1997: $299,300,000,000.
       Fiscal year 1998: $269,800,000,000.
       Fiscal year 1999: $259,100,000,000.
       Fiscal year 2000: $249,900,000,000.
       Fiscal year 2001: $214,600,000,000.
       Fiscal year 2002: $185,100,000,000.

     SEC. 103. SOCIAL SECURITY.

       (a) Social Security Revenues.--For purposes of Senate 
     enforcement under sections 302, 602, and 311 of the 
     Congressional Budget Act of 1974, the amounts of revenues of 
     the Federal Old-Age and Survivors Insurance Trust Fund and 
     the Federal Disability Insurance Trust Fund are as follows:
       Fiscal year 1996: $374,700,000,000.
       Fiscal year 1997: $392,000,000,000.
       Fiscal year 1998: $411,400,000,000.
       Fiscal year 1999: $430,900,000,000.
       Fiscal year 2000: $452,000,000,000.
       Fiscal year 2001: $475,200,000,000.
       Fiscal year 2002: $498,600,000,000.
       (b) Social Security Outlays.--For purposes of Senate 
     enforcement under sections 302, 602, and 311 of the 
     Congressional Budget Act of 1974, the amounts of outlays of 
     the Federal Old-Age and Survivors Insurance Trust Fund and 
     the Federal Disability Insurance Trust Fund are as follows:
       Fiscal year 1996: $299,400,000,000.
       Fiscal year 1997: $310,900,000,000.
       Fiscal year 1998: $324,600,000,000.
       Fiscal year 1999: $338,500,000,000.
       Fiscal year 2000: $353,100,000,000.
       Fiscal year 2001: $368,100,000,000.
       Fiscal year 2002: $383,800,000,000.

     SEC. 104. MAJOR FUNCTIONAL CATEGORIES.

       The Congress determines and declares that the appropriate 
     levels of new budget authority, budget outlays, new direct 
     loan obligations, and new primary 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, $264,700,000,000.
       (B) Outlays, $263,100,000,000.
       (C) New direct loan obligations, $0.

[[Page 1071]]

       (D) New primary loan guarantee commitments, $1,700,000,000.
       Fiscal year 1997:
       (A) New budget authority, $267,300,000,000.
       (B) Outlays, $265,000,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $1,700,000,000.
       Fiscal year 1998:
       (A) New budget authority, $269,000,000,000.
       (B) Outlays, $263,800,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $1,700,000,000.
       Fiscal year 1999:
       (A) New budget authority, $271,700,000,000.
       (B) Outlays, $267,200,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $1,700,000,000.
       Fiscal year 2000:
       (A) New budget authority, $274,400,000,000.
       (B) Outlays, $270,900,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $1,700,000,000.
       Fiscal year 2001:
       (A) New budget authority, $277,100,000,000.
       (B) Outlays, $270,000,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $1,700,000,000.
       Fiscal year 2002:
       (A) New budget authority, $280,000,000,000.
       (B) Outlays, $270,000,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $1,700,000,000.
       (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, 
     $18,300,000,000.
       Fiscal year 1997:
       (A) New budget authority, $14,000,000,000.
       (B) Outlays, $15,100,000,000.
       (C) New direct loan obligations, $5,700,000,000.
       (D) New primary loan guarantee commitments, 
     $18,300,000,000.
       Fiscal year 1998:
       (A) New budget authority, $12,400,000,000.
       (B) Outlays, $13,900,000,000.
       (C) New direct loan obligations, $5,700,000,000.
       (D) New primary loan guarantee commitments, 
     $18,300,000,000.
       Fiscal year 1999:
       (A) New budget authority, $11,200,000,000.
       (B) Outlays, $12,600,000,000.
       (C) New direct loan obligations, $5,700,000,000.
       (D) New primary loan guarantee commitments, 
     $18,300,000,000.
       Fiscal year 2000:
       (A) New budget authority, $12,700,000,000.
       (B) Outlays, $11,900,000,000.
       (C) New direct loan obligations, $5,700,000,000.
       (D) New primary loan guarantee commitments, 
     $18,300,000,000.
       Fiscal year 2001:
       (A) New budget authority, $12,800,000,000.
       (B) Outlays, $12,000,000,000.
       (C) New direct loan obligations, $5,700,000,000.
       (D) New primary loan guarantee commitments, 
     $18,300,000,000.
       Fiscal year 2002:
       (A) New budget authority, $12,800,000,000.
       (B) Outlays, $11,800,000,000.
       (C) New direct loan obligations, $5,700,000,000.
       (D) New primary loan guarantee commitments, 
     $18,300,000,000.
       (3) General Science, Space, and Technology (250):
       Fiscal year 1996:
       (A) New budget authority, $16,700,000,000.
       (B) Outlays, $16,800,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary 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.
       Fiscal year 1998:
       (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.
       Fiscal year 1999:
       (A) New budget authority, $15,600,000,000.
       (B) Outlays, $15,700,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2000:
       (A) New budget authority, $15,300,000,000.
       (B) Outlays, $15,500,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (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.
       Fiscal year 2002:
       (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.
       (4) Energy (270):
       Fiscal year 1996:
       (A) New budget authority, $4,600,000,000.
       (B) Outlays, $4,500,000,000.
       (C) New direct loan obligations, $1,200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1997:
       (A) New budget authority, $4,200,000,000.
       (B) Outlays, $3,500,000,000.
       (C) New direct loan obligations, $1,200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1998:
       (A) New budget authority, $3,800,000,000.
       (B) Outlays, $3,100,000,000.
       (C) New direct loan obligations, $1,200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1999:
       (A) New budget authority, $3,600,000,000.
       (B) Outlays, $2,600,000,000.
       (C) New direct loan obligations, $1,200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2000:
       (A) New budget authority, $3,400,000,000.
       (B) Outlays, $2,200,000,000.
       (C) New direct loan obligations, $1,200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (A) New budget authority, $3,300,000,000.
       (B) Outlays, $2,200,000,000.
       (C) New direct loan obligations, $1,200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2002:
       (A) New budget authority, $3,300,000,000.
       (B) Outlays, $2,200,000,000.
       (C) New direct loan obligations, $1,200,000,000.
       (D) New primary loan guarantee commitments, $0.
       (5) Natural Resources and Environment (300):
       Fiscal year 1996:
       (A) New budget authority, $19,500,000,000.
       (B) Outlays, $20,300,000,000.
       (C) New direct loan obligations $100,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1997:
       (A) New budget authority, $19,200,000,000.
       (B) Outlays, $20,000,000,000.
       (C) New direct loan obligations, $100,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1998:
       (A) New budget authority, $17,700,000,000.
       (B) Outlays, $18,700,000,000.
       (C) New direct loan obligations, $100,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1999:
       (A) New budget authority, $18,200,000,000.
       (B) Outlays, $19,000,000,000.
       (C) New direct loan obligations, $100,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2000:
       (A) New budget authority, $17,900,000,000.
       (B) Outlays, $18,500,000,000.
       (C) New direct loan obligations, $100,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (A) New budget authority, $17,100,000,000.
       (B) Outlays, $17,400,000,000.
       (C) New direct loan obligations, $100,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2002:
       (A) New budget authority, $17,500,000,000.
       (B) Outlays, $17,700,000,000.
       (C) New direct loan obligations, $100,000,000.
       (D) New primary loan guarantee commitments, $0.
       (6) Agriculture (350):
       Fiscal year 1996:
       (A) New budget authority, $13,100,000,000.
       (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.
       Fiscal year 1997:
       (A) New budget authority, $12,500,000,000.
       (B) Outlays, $11,100,000,000.
       (C) New direct loan obligations, $11,500,000,000.
       (D) New primary loan guarantee commitments, $5,700,000,000.
       Fiscal year 1998:
       (A) New budget authority, $11,700,000,000.
       (B) Outlays, $10,500,000,000.
       (C) New direct loan obligations, $10,900,000,000.
       (D) New primary loan guarantee commitments, $5,700,000,000.
       Fiscal year 1999:
       (A) New budget authority, $11,500,000,000.
       (B) Outlays, $10,300,000,000.
       (C) New direct loan obligations, $11,600,000,000.
       (D) New primary loan guarantee commitments, $5,700,000,000.
       Fiscal year 2000:
       (A) New budget authority, $10,900,000,000.
       (B) Outlays, $9,800,000,000.
       (C) New direct loan obligations, $11,400,000,000.
       (D) New primary loan guarantee commitments, $5,700,000,000.

[[Page 1072]]

       Fiscal year 2001:
       (A) New budget authority, $9,800,000,000.
       (B) Outlays, $8,700,000,000.
       (C) New direct loan obligations, $11,100,000,000.
       (D) New primary loan guarantee commitments, $5,700,000,000.
       Fiscal year 2002:
       (A) New budget authority, $9,600,000,000.
       (B) Outlays, $8,500,000,000.
       (C) New direct loan obligations, $10,900,000,000.
       (D) New primary loan guarantee commitments, $5,700,000,000.
       (7) Commerce and Housing Credit (370):
       Fiscal year 1996:
       (A) New budget authority, $2,600,000,000.
       (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.
       Fiscal year 1997:
       (A) New budget authority, $1,800,000,000.
       (B) Outlays, -$5,100,000,000.
       (C) New direct loan obligations, $1,400,000,000.
       (D) New primary loan guarantee commitments, 
     $123,100,000,000.
       Fiscal year 1998:
       (A) New budget authority, $900,000,000.
       (B) Outlays, -$6,700,000,000.
       (C) New direct loan obligations, $1,400,000,000.
       (D) New primary loan guarantee commitments, 
     $123,100,000,000.
       Fiscal year 1999:
       (A) New budget authority, $400,000,000.
       (B) Outlays, -$4,800,000,000.
       (C) New direct loan obligations, $1,400,000,000.
       (D) New primary loan guarantee commitments, 
     $123,100,000,000.
       Fiscal year 2000:
       (A) New budget authority, $2,100,000,000.
       (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.
       Fiscal year 2001:
       (A) New budget authority, $800,000,000.
       (B) Outlays, -$2,900,000,000.
       (C) New direct loan obligations, $1,400,000,000.
       (D) New primary loan guarantee commitments, 
     $123,100,000,000.
       Fiscal year 2002:
       (A) New budget authority, $600,000,000.
       (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.
       (8) Transportation (400):
       Fiscal year 1996:
       (A) New budget authority, $36,600,000,000.
       (B) Outlays, $38,900,000,000.
       (C) New direct loan obligations, $200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1997:
       (A) New budget authority, $43,100,000,000.
       (B) Outlays, $37,600,000,000.
       (C) New direct loan obligations, $200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1998:
       (A) New budget authority, $43,900,000,000.
       (B) Outlays, $36,600,000,000.
       (C) New direct loan obligations, $200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1999:
       (A) New budget authority, $42,600,000,000.
       (B) Outlays, $34,100,000,000.
       (C) New direct loan obligations, $200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2000:
       (A) New budget authority, $42,900,000,000.
       (B) Outlays, $33,200,000,000.
       (C) New direct loan obligations, $200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (A) New budget authority, $42,200,000,000.
       (B) Outlays, $32,400,000,000.
       (C) New direct loan obligations, $200,000,000.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2002:
       (A) New budget authority, $41,800,000,000.
       (B) Outlays, $32,000,000,000.
       (C) New direct loan obligations, $200,000,000.
       (D) New primary loan guarantee commitments, $0.
       (9) Community and Regional Development (450):
       Fiscal year 1996:
       (A) New budget authority, $6,600,000,000.
       (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.
       Fiscal year 1997:
       (A) New budget authority, $6,500,000,000.
       (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.
       Fiscal year 1998:
       (A) New budget authority, $6,400,000,000.
       (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.
       Fiscal year 1999:
       (A) New budget authority, $6,400,000,000.
       (B) Outlays, $6,200,000,000.
       (C) New direct loan obligations, $2,700,000,000.
       (D) New primary loan guarantee commitments, $1,200,000,000.
       Fiscal year 2000:
       (A) New budget authority, $6,300,000,000.
       (B) Outlays, $6,200,000,000.
       (C) New direct loan obligations, $2,700,000,000.
       (D) New primary loan guarantee commitments, $1,200,000,000.
       Fiscal year 2001:
       (A) New budget authority, $5,700,000,000.
       (B) Outlays, $6,100,000,000.
       (C) New direct loan obligations, $2,700,000,000.
       (D) New primary loan guarantee commitments, $1,200,000,000.
       Fiscal year 2002:
       (A) New budget authority, $5,600,000,000.
       (B) Outlays, $6,100,000,000.
       (C) New direct loan obligations, $2,700,000,000.
       (D) New primary loan guarantee commitments, $1,200,000,000.
       (10) Education, Training, Employment, and Social Services 
     (500):
       Fiscal year 1996:
       (A) New budget authority, $48,400,000,000.
       (B) Outlays, $53,400,000,000.
       (C) New direct loan obligations, $13,600,000,000.
       (D) New primary loan guarantee commitments, 
     $16,300,000,000.
       Fiscal year 1997:
       (A) New budget authority, $47,800,000,000.
       (B) Outlays, $48,900,000,000.
       (C) New direct loan obligations, $16,300,000,000.
       (D) New primary loan guarantee commitments, 
     $15,900,000,000.
       Fiscal year 1998:
       (A) New budget authority, $47,600,000,000.
       (B) Outlays, $47,300,000,000.
       (C) New direct loan obligations, $19,100,000,000.
       (D) New primary loan guarantee commitments, 
     $15,200,000,000.
       Fiscal year 1999:
       (A) New budget authority, $48,400,000,000.
       (B) Outlays, $47,500,000,000.
       (C) New direct loan obligations, $21,800,000,000.
       (D) New primary loan guarantee commitments, 
     $14,300,000,000.
       Fiscal year 2000:
       (A) New budget authority, $49,100,000,000.
       (B) Outlays, $48,200,000,000.
       (C) New direct loan obligations, $21,900,000,000.
       (D) New primary loan guarantee commitments, 
     $15,000,000,000.
       Fiscal year 2001:
       (A) New budget authority, $48,600,000,000.
       (B) Outlays, $47,700,000,000.
       (C) New direct loan obligations, $22,000,000,000.
       (D) New primary loan guarantee commitments, 
     $15,800,000,000.
       Fiscal year 2002:
       (A) New budget authority, $48,800,000,000.
       (B) Outlays, $47,800,000,000.
       (C) New direct loan obligations, $22,200,000,000.
       (D) New primary loan guarantee commitments, 
     $16,600,000,000.
       (11) Health (550):
       Fiscal year 1996:
       (A) New budget authority, $121,000,000,000.
       (B) Outlays, $121,100,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $300,000,000.
       Fiscal year 1997:
       (A) New budget authority, $127,600,000,000.
       (B) Outlays, $127,500,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $300,000,000.
       Fiscal year 1998:
       (A) New budget authority, $131,600,000,000.
       (B) Outlays, $131,700,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $300,000,000.
       Fiscal year 1999:
       (A) New budget authority, $135,700,000,000.
       (B) Outlays, $135,700,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $300,000,000.
       Fiscal year 2000:
       (A) New budget authority, $140,100,000,000.
       (B) Outlays, $139,900,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $300,000,000.
       Fiscal year 2001:
       (A) New budget authority, $144,500,000,000.
       (B) Outlays, $144,300,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $300,000,000.
       Fiscal year 2002:
       (A) New budget authority, $149,200,000,000.
       (B) Outlays, $149,000,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $300,000,000.
       (12) Medicare (570):
       Fiscal year 1996:
       (A) New budget authority, $176,100,000,000.
       (B) Outlays, $173,700,000,000.
       (C) New direct loan obligations, $0.

[[Page 1073]]

       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1997:
       (A) New budget authority, $184,300,000,000.
       (B) Outlays, $182,800,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1998:
       (A) New budget authority, $194,000,000,000.
       (B) Outlays, $192,300,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1999:
       (A) New budget authority, $205,700,000,000.
       (B) Outlays, $203,200,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2000:
       (A) New budget authority, $216,500,000,000.
       (B) Outlays, $214,600,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (A) New budget authority, $231,800,000,000.
       (B) Outlays, $229,700,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2002:
       (A) New budget authority, $249,200,000,000.
       (B) Outlays, $247,000,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       (13) Income Security (600):
       Fiscal year 1996:
       (A) New budget authority, $225,900,000,000.
       (B) Outlays, $227,600,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $100,000,000.
       Fiscal year 1997:
       (A) New budget authority, $231,600,000,000.
       (B) Outlays, $236,400,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $100,000,000.
       Fiscal year 1998:
       (A) New budget authority, $250,300,000,000.
       (B) Outlays, $245,300,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $100,000,000.
       Fiscal year 1999:
       (A) New budget authority, $253,100,000,000.
       (B) Outlays, $255,800,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $100,000,000.
       Fiscal year 2000:
       (A) New budget authority, $269,500,000,000.
       (B) Outlays, $269,900,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $100,000,000.
       Fiscal year 2001:
       (A) New budget authority, $274,800,000,000.
       (B) Outlays, $274,600,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $100,000,000.
       Fiscal year 2002:
       (A) New budget authority, $288,700,000,000.
       (B) Outlays, $288,300,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $100,000,000.
       (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.
       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.
       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.
       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.
       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.
       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.
       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.
       (15) Veterans Benefits and Services (700):
       Fiscal year 1996:
       (A) New budget authority, $37,500,000,000.
       (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.
       Fiscal year 1997:
       (A) New budget authority, $37,900,000,000.
       (B) Outlays, $38,000,000,000.
       (C) New direct loan obligations, $1,100,000,000.
       (D) New primary loan guarantee commitments, 
     $21,600,000,000.
       Fiscal year 1998:
       (A) New budget authority, $38,200,000,000.
       (B) Outlays, $38,400,000,000.
       (C) New direct loan obligations, $1,000,000,000.
       (D) New primary loan guarantee commitments, 
     $19,700,000,000.
       Fiscal year 1999:
       (A) New budget authority, $38,800,000,000.
       (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.
       Fiscal year 2000:
       (A) New budget authority, $39,100,000,000.
       (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.
       Fiscal year 2001:
       (A) New budget authority, $39,700,000,000.
       (B) Outlays, $41,300,000,000.
       (C) New direct loan obligations, $1,400,000,000.
       (D) New primary loan guarantee commitments, 
     $19,900,000,000.
       Fiscal year 2002:
       (A) New budget authority, $40,200,000,000.
       (B) Outlays, $41,800,000,000.
       (C) New direct loan obligations, $1,700,000,000.
       (D) New primary loan guarantee commitments, 
     $20,600,000,000.
       (16) Administration of Justice (750):
       Fiscal year 1996:
       (A) New budget authority, $19,800,000,000.
       (B) Outlays, $18,700,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1997:
       (A) New budget authority, $19,800,000,000.
       (B) Outlays, $18,900,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1998:
       (A) New budget authority, $20,200,000,000.
       (B) Outlays, $19,700,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
     Fiscal year 1999:
       (A) New budget authority, $21,000,000,000.
       (B) Outlays, $20,400,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
     Fiscal year 2000:
       (A) New budget authority, $21,100,000,000.
       (B) Outlays, $20,900,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (A) New budget authority, $20,700,000,000.
       (B) Outlays, $20,500,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2002:
       (A) New budget authority, $20,600,000,000.
       (B) Outlays, $20,500,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       (17) General Government (800):
       Fiscal year 1996:
       (A) New budget authority, $12,400,000,000.
       (B) Outlays, $12,900,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1997:
       (A) New budget authority, $12,300,000,000.
       (B) Outlays, $12,300,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1998:
       (A) New budget authority, $12,200,000,000.
       (B) Outlays, $12,200,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1999:
       (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.
       Fiscal year 2000:
       (A) New budget authority, $12,000,000,000.
       (B) Outlays, $12,000,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (A) New budget authority, $11,600,000,000.
       (B) Outlays, $11,600,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2002:
       (A) New budget authority, $11,600,000,000.
       (B) Outlays, $11,500,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       (18) Net Interest (900):
       Fiscal year 1996:
       (A) New budget authority, $298,400,000,000.
       (B) Outlays, $298,400,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.

[[Page 1074]]

       Fiscal year 1997:
       (A) New budget authority, $310,500,000,000.
       (B) Outlays, $310,500,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1998:
       (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.
       Fiscal year 1999:
       (A) New budget authority, $331,500,000,000.
       (B) Outlays, $331,500,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2000:
       (A) New budget authority, $342,900,000,000.
       (B) Outlays, $342,900,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (A) New budget authority, $349,900,000,000.
       (B) Outlays, $349,900,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2002:
       (A) New budget authority, $357,600,000,000.
       (B) Outlays, $357,600,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       (19) The corresponding levels of gross interest on the 
     public debt are as follows:
       Fiscal year 1996: $369,900,000,000.
       Fiscal year 1997: $381,600,000,000.
       Fiscal year 1998: $390,900,000,000.
       Fiscal year 1999: $404,000,000,000.
       Fiscal year 2000: $416,100,000,000.
       Fiscal year 2001: $426,800,000,000.
       Fiscal year 2002: $436,100,000,000.
       (20) Allowances (920):
       Fiscal year 1996:
       (A) New budget authority, -$6,400,000,000.
       (B) Outlays, -$4,800,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1997:
       (A) New budget authority, -$6,300,000,000.
       (B) Outlays, -$6,400,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1998:
       (A) New budget authority, -$5,300,000,000.
       (B) Outlays, -$5,500,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 1999:
       (A) New budget authority, -$4,700,000,000.
       (B) Outlays, -$5,000,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2000:
       (A) New budget authority, -$3,700,000,000.
       (B) Outlays, -$4,000,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (A) New budget authority, -$3,700,000,000.
       (B) Outlays, -$4,000,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2002:
       (A) New budget authority, -$3,700,000,000.
       (B) Outlays, -$4,100,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       (21) Undistributed Offsetting Receipts (950):
       Fiscal year 1996:
       (A) New budget authority, -$33,700,000,000.
       (B) Outlays, -$33,700,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary 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.
       Fiscal year 1998:
       (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.
       Fiscal year 1999:
       (A) New budget authority, -$35,500,000,000.
       (B) Outlays, -$35,500,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2000:
       (A) New budget authority, -$37,400,000,000.
       (B) Outlays, -$37,400,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2001:
       (A) New budget authority, -$36,800,000,000.
       (B) Outlays, -$36,800,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.
       Fiscal year 2002:
       (A) New budget authority, -$41,600,000,000.
       (B) Outlays, -$41,600,000,000.
       (C) New direct loan obligations, $0.
       (D) New primary loan guarantee commitments, $0.

     SEC. 105. RECONCILIATION.

       (a) Reconciliation of Spending Reductions.--
       (1) Senate committees.--Not later than September 22, 1995, 
     the committees named in this subsection shall submit their 
     recommendations to the Committee on the Budget of the Senate. 
     After receiving those recommendations, the Committee on the 
     Budget shall report to the Senate a reconciliation bill 
     carrying out all such recommendations without any substantive 
     revision.
       (A) Committee on agriculture, nutrition, and forestry.--The 
     Senate Committee on Agriculture, Nutrition, and Forestry 
     shall report changes in laws within its jurisdiction that 
     provide direct spending (as defined in section 250(c)(8) of 
     the Balanced Budget and Emergency Deficit Control Act of 
     1985) to reduce outlays $2,503,000,000 in fiscal year 1996, 
     $29,059,000,000 for the period of fiscal years 1996 through 
     2000, and $48,402,000,000 for the period of fiscal years 1996 
     through 2002.
       (B) Committee on armed services.--The Senate Committee on 
     Armed Services shall report changes in laws within its 
     jurisdiction that provide direct spending to reduce outlays 
     $1,571,000,000 in fiscal year 1996, $1,888,000,000 for the 
     period of fiscal years 1996 through 2000, and $2,199,000,000 
     for the period of fiscal years 1996 through 2002.
       (C) Committee on banking, housing, and urban affairs.--The 
     Senate Committee on Banking, Housing, and Urban Affairs shall 
     report changes in laws within its jurisdiction that provide 
     direct spending to reduce outlays $481,000,000 in fiscal year 
     1996, $1,698,000,000 for the period of fiscal years 1996 
     through 2000, and $2,391,000,000 for the period of fiscal 
     years 1996 through 2002.
       (D) Committee on commerce, science, and transportation.--
     The Senate Committee on Commerce, Science, and Transportation 
     shall report changes in laws within its jurisdiction that 
     provide direct spending to reduce outlays $114,000,000 in 
     fiscal year 1996, $9,088,000,000 for the period of fiscal 
     years 1996 through 2000, and $15,036,000,000 for the period 
     of fiscal years 1996 through 2002.
       (E) Committee on energy and natural resources.--The Senate 
     Committee on Energy and Natural Resources shall report 
     changes in laws within its jurisdiction that provide direct 
     spending to reduce outlays $354,000,000 in fiscal year 1996, 
     $4,292,000,000 for the period of fiscal years 1996 through 
     2000, and $4,001,000,000 for the period of fiscal years 1996 
     through 2002.
       (F) Committee on environment and public works.--The Senate 
     Committee on Environment and Public Works shall report 
     changes in laws within its jurisdiction that provide direct 
     spending to reduce outlays $118,000,000 in fiscal year 1996, 
     $1,308,000,000 for the period of fiscal years 1996 through 
     2000, and $2,250,000,000 for the period of fiscal years 1996 
     through 2002.
       (G) Committee on finance.--(i) The Senate Committee on 
     Finance shall report changes in laws within its jurisdiction 
     that provide direct spending to reduce outlays 
     $15,328,000,000 in fiscal year 1996, $272,974,000,000 for the 
     period of fiscal years 1996 through 2000, and 
     $530,359,000,000 for the period of fiscal years 1996 through 
     2002.
       (ii) The Senate Committee on Finance shall report changes 
     in laws to increase the statutory limit on the public debt to 
     not more than $5,500,000,000,000.
       (H) Committee on governmental affairs.--The Senate 
     Committee on Governmental Affairs shall report changes in 
     laws within its jurisdiction to reduce the deficit 
     $524,000,000 in fiscal year 1996, $5,357,000,000 for the 
     period of fiscal years 1996 through 2000, and $9,844,000,000 
     for the period of fiscal years 1996 through 2002.
       (I) Committee on the judiciary.--The Senate Committee on 
     the Judiciary shall report changes in laws within its 
     jurisdiction that provide direct spending to reduce outlays 
     $0 in fiscal year 1996, $238,000,000 for the period of fiscal 
     years 1996 through 2000, and $476,000,000 for the period of 
     fiscal years 1996 through 2002.
       (J) Committee on labor and human resources.--The Senate 
     Committee on Labor and Human Resources shall report changes 
     in laws within its jurisdiction that provide direct spending 
     to reduce outlays $809,000,000 in fiscal year 1996, 
     $6,956,000,000 for the period of fiscal years 1996 through 
     2000, and $10,779,000,000 for the period of fiscal years 1996 
     through 2002.
       (K) Committee on veterans' affairs.--The Senate Committee 
     on Veterans' Affairs shall report changes in laws within its 
     jurisdiction that provide direct spending to reduce outlays 
     $274,000,000 in fiscal year 1996, $3,614,000,000 for the 
     period of fiscal years 1996 through 2000, and $6,392,000,000 
     for the period of fiscal years 1996 through 2002.
       (2)  House committees.--
       (A) General rules.--(i) Not later than September 22, 1995, 
     the House committees named in clauses (i) through (xii) of 
     subparagraph (B) 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.
       (ii) Each committee named in clauses (i) through (xi) of 
     subparagraph (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--
       (I) fiscal year 1996,
       (II) the 5-year period beginning with fiscal year 1996 and 
     ending with fiscal year 2000, and

[[Page 1075]]

       (III) 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 clause applicable to that committee.
       (iii) Each committee named in clauses (i)(II), (iv)(II), 
     (v)(II), and (vi)(II) of subparagraph (B) shall report 
     changes in laws within its jurisdiction as set forth in the 
     clause applicable to that committee.
       (iv) The Committee on Ways and Means shall carry out 
     subparagraph (B)(xii).
       (B) Committee amounts.--(i)(I) The House Committee on 
     Agriculture: $10,506,000,000 in outlays in fiscal year 1996, 
     $44,741,000,000 in outlays in fiscal years 1996 through 2000, 
     and $59,232,000,000 in outlays in fiscal years 1996 through 
     2002.
       (II) In addition to the changes in law reported pursuant to 
     subclause (I), the House Committee on Agriculture shall 
     report changes in laws within its jurisdiction that provide 
     direct spending (other than that defined within subparagraph 
     (A) or (B) of section 250(c)(8) of the Balanced Budget and 
     Emergency Deficit Control Act of 1985) such that the total 
     level of direct spending (as so defined) for that committee 
     does not exceed: $26,748,000,000 in outlays in fiscal year 
     1996, $133,246,000,000 in outlays in fiscal years 1996 
     through 2000, and $192,270,000,000 in outlays in fiscal years 
     1996 through 2002.
       (ii) The House Committee on Banking and Financial Services: 
     -$13,087,000,000 in outlays in fiscal year 1996, 
     -$50,061,000,000 in outlays in fiscal years 1996 through 
     2000, and -$65,112,000,000 in outlays in fiscal years 1996 
     through 2002.
       (iii) The House Committee on Commerce: $285,537,000,000 in 
     outlays in fiscal year 1996, $1,592,240,000,000 in outlays in 
     fiscal years 1996 through 2000, and $2,361,708,000,000 in 
     outlays in fiscal years 1996 through 2002.
       (iv)(I) The House Committee on Economic and Educational 
     Opportunities: $16,026,000,000 in outlays in fiscal year 
     1996, $77,346,000,000 in outlays in fiscal years 1996 through 
     2000, and $110,936,000,000 in outlays in fiscal years 1996 
     through 2002.
       (II) In addition to changes in law reported pursuant to 
     subclause (I), 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, 
     -$5,810,000,000 in fiscal years 1996 through 2000, and 
     -$8,770,000,000 in fiscal years 1996 through 2002.
       (v)(I) The House Committee on Government Reform and 
     Oversight: $57,743,000,000 in outlays in fiscal year 1996, 
     $310,364,000,000 in outlays in fiscal years 1996 through 
     2000, and $449,583,000,000 in outlays in fiscal years 1996 
     through 2002.
       (II) In addition to changes in law reported pursuant to 
     subclause (I), the House Committee on Government Reform and 
     Oversight shall report changes in laws within its 
     jurisdiction that would reduce the deficit by: $85,000,000 in 
     fiscal year 1996, $775,000,000 in fiscal years 1996 through 
     2000, and $1,127,000,000 in fiscal years 1996 through 2002.
       (vi)(I) The House Committee on International Relations: 
     $14,243,000,000 in outlays in fiscal year 1996, 
     $62,072,000,000 in outlays in fiscal years 1996 through 2000, 
     and $83,221,000,000 in outlays in fiscal years 1996 through 
     2002.
       (II) In addition to changes in law reported pursuant to 
     subclause (I), the House Committee on International Relations 
     shall report changes in laws within its jurisdiction that 
     would reduce the deficit by: $1,000,000 in fiscal year 1996, 
     $14,000,000 in fiscal years 1996 through 2000, and 
     $22,000,000 in fiscal years 1996 through 2002.
       (vii) The House Committee on the Judiciary: $2,580,000,000 
     in outlays in fiscal year 1996, $13,734,000,000 in outlays in 
     fiscal years 1996 through 2000, and $19,530,000,000 in 
     outlays in fiscal years 1996 through 2002.
       (viii) The House Committee on National Security: 
     $39,601,000,000 in outlays in fiscal year 1996, 
     $226,931,000,000 in outlays in fiscal years 1996 through 
     2000, and $331,210,000,000 in outlays in fiscal years 1996 
     through 2002.
       (ix) The House Committee on Resources: $1,535,000,000 in 
     outlays in fiscal year 1996, $7,816,000,000 in outlays in 
     fiscal years 1996 through 2000, and $12,871,000,000 in 
     outlays in fiscal years 1996 through 2002.
       (x) The House Committee on Transportation and 
     Infrastructure: $16,615,000,000 in outlays in fiscal year 
     1996, $83,070,000,000 in outlays in fiscal years 1996 through 
     2000, and $116,811,000,000 in outlays in fiscal years 1996 
     through 2002.
       (xi) The House Committee on Veterans' Affairs: 
     $19,041,000,000 in outlays in fiscal year 1996, 
     $106,163,000,000 in outlays in fiscal years 1996 through 
     2000, and $154,864,000,000 in outlays in fiscal years 1996 
     through 2002.
       (xii)(I) 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--
       (aa) fiscal year 1996,
       (bb) the 5-year period beginning with fiscal year 1996 and 
     ending with fiscal year 2000, and
       (cc) the 7-year period beginning with fiscal year 1996 and 
     ending with fiscal year 2002,

     does not exceed the following level in that period: 
     $349,172,000,000 in outlays in fiscal year 1996, 
     $2,010,751,000,000 in outlays in fiscal years 1996 through 
     2000, and $3,002,706,000,000 in outlays in fiscal years 1996 
     through 2002.
       (II) 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 fiscal year 2000 is 
     not less than $1,304,215,000,000 and for fiscal years 1996 
     through 2002 is not less than $17,938,254,000,000.
       (III) The House Committee on Ways and Means shall report 
     changes in laws to increase the statutory limit on the public 
     debt to not more than $5,500,000,000,000.
       (C) Definition.--For purposes of this paragraph, 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.
       (b) Reconciliation of Revenue Reductions in the Senate.--
       (1) Certification.--In the Senate, upon the certification 
     pursuant to section 205(a) of this resolution, the Senate 
     Committee on Finance shall submit its recommendations 
     pursuant to paragraph (2) to the Senate Committee on the 
     Budget. After receiving those recommendations, the Committee 
     on the Budget shall add these recommendations to the 
     recommendations submitted pursuant to subsection (a) and 
     report a reconciliation bill carrying out all such 
     recommendations without any substantive revision.
       (2) Committee on finance.--Not later than five days after 
     the certification made pursuant to section 205(a), the Senate 
     Committee on Finance shall report changes in laws within its 
     jurisdiction necessary to reduce revenues by not more than 
     $50,000,000,000 in fiscal year 2002 and $245,000,000,000 for 
     the period of fiscal years 1996 through 2002.
             TITLE II--BUDGETARY RESTRAINTS AND RULEMAKING

     SEC. 201. DISCRETIONARY SPENDING LIMITS.

       (a) Definition.--As used in this section and for the 
     purposes of allocations made pursuant to section 302(a) or 
     602(a) of the Congressional Budget Act of 1974, for the 
     discretionary category, the term ``discretionary spending 
     limit'' means--
       (1) with respect to fiscal year 1996--
       (A) for the defense category $265,406,000,000 in new budget 
     authority and $264,043,000,000 in outlays; and
       (B) for the nondefense category $219,668,000,000 in new 
     budget authority and $267,725,000,000 in outlays;
       (2) with respect to fiscal year 1997--
       (A) for the defense category $267,962,000,000 in new budget 
     authority and $265,734,000,000 in outlays; and
       (B) for the nondefense category $214,468,000,000 in new 
     budget authority and $254,561,000,000 in outlays;
       (3) with respect to fiscal year 1998--
       (A) for the defense category $269,731,000,000 in new budget 
     authority and $264,531,000,000 in outlays; and
       (B) for the nondefense category $220,961,000,000 in new 
     budget authority and $248,101,000,000 in outlays;
       (4) with respect to fiscal year 1999, for the discretionary 
     category $482,207,000,000 in new budget authority and 
     $510,482,000,000 in outlays;
       (5) with respect to fiscal year 2000, for the discretionary 
     category $489,379,000,000 in new budget authority and 
     $514,234,000,000 in outlays;
       (6) with respect to fiscal year 2001, for the discretionary 
     category $496,601,000,000 in new budget authority and 
     $516,403,000,000 in outlays; and
       (7) with respect to fiscal year 2002, for the discretionary 
     category $498,837,000,000 in new budget authority and 
     $515,075,000,000 in outlays;

     as adjusted for changes in concepts and definitions and 
     emergency appropriations.
       (b) Point of Order in the Senate.--
       (1) In general.--Except as provided in paragraph (2), it 
     shall not be in order in the Senate to consider--
       (A) any concurrent resolution on the budget for fiscal year 
     1996, 1997, or 1998 (or amendment, motion, or conference 
     report on such a resolution) that provides discretionary 
     spending in excess of the sum of the defense and nondefense 
     discretionary spending limits for such fiscal year;
       (B) any concurrent resolution on the budget for fiscal 
     years 1999, 2000, 2001, or 2002 (or amendment, motion, or 
     conference report on such a resolution) that provides 
     discretionary spending in excess of the discretionary 
     spending limit for such fiscal year; or
       (C) any appropriations bill or resolution (or amendment, 
     motion, or conference report on such appropriations bill or 
     resolution) for fiscal year 1995, 1996, 1997, 1998, 1999, 
     2000, 2001, or 2002 that would exceed any of the 
     discretionary spending limits in this section or 
     suballocations of those limits made pursuant to section 
     602(b) of the Congressional Budget Act of 1974.
       (2) Exception.--
       (A) In general.--This section shall not apply if a 
     declaration of war by the Congress is in effect or if a joint 
     resolution pursuant to section 258 of the Balanced Budget and 
     Emergency Deficit Control Act of 1985 has been enacted.
       (B) Enforcement of discretionary limits.--Paragraph (1)(A) 
     and the application of paragraph (1)(B) to fiscal years 1997 
     through 2002 shall not take effect until the enactment of a 
     reconciliation bill pursuant to section 105 of this 
     resolution.
       (c) Waiver.--This section may be waived or suspended in the 
     Senate only by the affirmative vote of three-fifths of the 
     Members, duly chosen and sworn.
       (d) Appeals.--Appeals in the Senate from the decisions of 
     the Chair relating to any provision of this section shall be 
     limited to 1

[[Page 1076]]

     hour, to be equally divided between, and controlled by, the 
     appellant and the manager of the concurrent resolution, bill, 
     or joint resolution, as the case may be. An affirmative vote 
     of three-fifths of the Members of the Senate, duly chosen and 
     sworn, shall be required in the Senate to sustain an appeal 
     of the ruling of the Chair on a point of order raised under 
     this section.
       (e) Determination of Budget Levels.--For purposes of this 
     section, the levels of new budget authority, outlays, new 
     entitlement authority, and revenues for a fiscal year shall 
     be determined on the basis of estimates made by the Committee 
     on the Budget of the Senate.

     SEC. 202. EXTENSION OF PAY-AS-YOU-GO POINT OF ORDER.

       (a) Purpose.--The Senate declares that it is essential to--
       (1) ensure continued compliance with the balanced budget 
     plan set forth in this resolution; and
       (2) continue the pay-as-you-go enforcement system.
       (b) Point of Order.--
       (1) In general.--It shall not be in order in the Senate to 
     consider any direct spending or revenue legislation that 
     would increase the deficit for any one of the three 
     applicable time periods as measured in paragraphs (5) and 
     (6).
       (2) Applicable time periods.--For purposes of this 
     subsection the term ``applicable time period'' means any one 
     of the three following periods:
       (A) The first year covered by the most recently adopted 
     concurrent resolution on the budget.
       (B) The period of the first five fiscal years covered by 
     the most recently adopted concurrent resolution on the 
     budget.
       (C) The period of the five fiscal years following the first 
     five fiscal years covered in the most recently adopted 
     concurrent resolution on the budget.
       (3) Direct-spending legislation.--For purposes of this 
     subsection and except as provided in paragraph (4), the term 
     ``direct-spending legislation'' means any bill, joint 
     resolution, amendment, motion, or conference report that 
     affects direct spending as that term is defined by and 
     interpreted for purposes of the Balanced Budget and Emergency 
     Deficit Control Act of 1985.
       (4) Exclusion.--For purposes of this subsection, the terms 
     ``direct-spending legislation'' and ``revenue legislation'' 
     do not include--
       (A) any concurrent resolution on the budget; or
       (B) any provision of legislation that affects the full 
     funding of, and continuation of, the deposit insurance 
     guarantee commitment in effect on the date of enactment of 
     the Budget Enforcement Act of 1990.
       (5) Baseline.--Estimates prepared pursuant to this section 
     shall--
       (A) use the baseline used for the most recently adopted 
     concurrent resolution on the budget; and
       (B) be calculated under the requirements of subsections (b) 
     through (d) of section 257 of the Balanced Budget and 
     Emergency Deficit Control Act of 1985 for fiscal years beyond 
     those covered by that concurrent resolution on the budget.
       (6) Prior surplus.--If direct spending or revenue 
     legislation increases the deficit when taken individually, 
     then it must also increase the deficit when taken together 
     with all direct spending and revenue legislation enacted 
     since the beginning of the calendar year not accounted for in 
     the baseline under paragraph (5)(A), except that the direct 
     spending or revenue effects resulting from legislation 
     enacted pursuant to the reconciliation instructions included 
     in that concurrent resolution on the budget shall not be 
     available.
       (c) Waiver.--This section may be waived or suspended in the 
     Senate only by the affirmative vote of three-fifths of the 
     Members, duly chosen and sworn.
       (d) Appeals.--Appeals in the Senate from the decisions of 
     the Chair relating to any provision of this section shall be 
     limited to 1 hour, to be equally divided between, and 
     controlled by, the appellant and the manager of the bill or 
     joint resolution, as the case may be. An affirmative vote of 
     three-fifths of the Members of the Senate, duly chosen and 
     sworn, shall be required in the Senate to sustain an appeal 
     of the ruling of the Chair on a point of order raised under 
     this section.
       (e) Determination of Budget Levels.--For purposes of this 
     section, the levels of new budget authority, outlays, and 
     revenues for a fiscal year shall be determined on the basis 
     of estimates made by the Committee on the Budget of the 
     Senate.
       (f) Conforming Amendment.--Section 23 of House Concurrent 
     Resolution 218 (103d Congress) is repealed.
       (g) Sunset.--Subsections (a) through (e) of this section 
     shall expire September 30, 2002.

     SEC. 203. TAX RESERVE FUND IN THE SENATE.

       (a) In General.--In the Senate, on or after October 1, 
     1995, revenue and spending aggregates shall be reduced and 
     allocations may be revised for legislation that reduces 
     revenues within a committee's jurisdiction if such a 
     committee or the committee of conference on such legislation 
     reports such legislation, if, to the extent that the costs of 
     such legislation are not included in this concurrent 
     resolution on the budget, the enactment of such legislation 
     will not increase the deficit in this resolution for--
       (1) fiscal year 1996;
       (2) the period of fiscal years 1996 through 2000; or
       (3) the period of fiscal years 2001 through 2005.
       (b) Revised Allocations.--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 may file with the Senate appropriately 
     revised allocations under sections 302(a) and 602(a) of the 
     Congressional Budget Act of 1974 and revised functional 
     levels and aggregates to carry out this section. These 
     revised allocations, functional levels, and aggregates shall 
     be considered for the purposes of the Congressional Budget 
     Act of 1974 as allocations, functional levels, and aggregates 
     contained in this concurrent resolution on the budget.
       (c) Reporting Revised Allocations.--The appropriate 
     committee shall report appropriately revised allocations 
     pursuant to sections 302(b) and 602(b) of the Congressional 
     Budget Act of 1974 to carry out this section.

     SEC. 204. WELFARE REFORM RESERVE FUND.

       (a) In General.--
       (1) Direct spending.--In the Senate and the House of 
     Representatives, budget authority and outlays, and (in the 
     House) entitlement authority, allocated to a committee may be 
     revised, pursuant to subsection (b)(1), for legislation in 
     that committee's jurisdiction that has the effect of reducing 
     direct spending for a welfare program and authorizes an 
     increase in discretionary spending for that welfare program, 
     if that committee reports such legislation.
       (2) Discretionary spending.--In the Senate and the House of 
     Representatives, budget authority and outlays allocated to 
     the Committee on Appropriations, and (in the Senate) the 
     discretionary spending limits in section 201 of this 
     resolution, may be increased, pursuant to subsection (b)(2), 
     for an appropriation measure that provides new discretionary 
     budget authority for a welfare program pursuant to authority 
     provided in legislation described in paragraph (1), if the 
     Committee on Appropriations reports such an appropriation 
     measure.
       (b) Revised Allocations.--
       (1) Direct spending.--Upon reporting of legislation 
     pursuant to subsection (a)(1) and again upon submission of a 
     conference report on such legislation, the chairman of the 
     Committee on the Budget of the House or Senate (whichever is 
     appropriate) may submit to that House revised allocations 
     under sections 302(a) and 602(a) of the Congressional Budget 
     Act of 1974 to carry out this section. Such revised 
     allocations shall be considered for the purposes of the 
     Congressional Budget Act of 1974 to be the allocations under 
     this concurrent budget resolution. In the Senate, the 
     revision shall reflect that amount of the direct spending 
     savings estimated to result from such legislation to the 
     extent they exceed the savings assumed in this concurrent 
     resolution on the budget.
       (2) Discretionary spending.--Upon reporting of legislation 
     pursuant to subsection (a)(2) and again upon the submission 
     of a conference report on such legislation, the chairman of 
     the Committee on the Budget of the House or Senate (whichever 
     is appropriate) may submit to that House revised allocations 
     under sections 302(a) and 602(a) of the Congressional Budget 
     Act of 1974 and revised discretionary spending limits. The 
     revision shall reflect that amount of the new discretionary 
     budget authority provided for the welfare program up to the 
     level authorized in the legislation reported pursuant to 
     subsection (a)(1), except that the budget authority and 
     outlay revisions shall not exceed the adjustments made 
     pursuant to paragraph (1) for that welfare program. Such 
     revised allocations and discretionary spending limits shall 
     be considered, for the purposes of the Congressional Budget 
     Act of 1974, to be the allocations and spending limits under 
     this concurrent resolution on the budget.
       (c) Committee on Appropriations.--The Committees on 
     Appropriations may report appropriately revised 
     suballocations pursuant to sections 302(b)(1) and 602(b)(1) 
     of the Congressional Budget Act of 1974 following the 
     revision of the allocations pursuant to subsection (b)(2), to 
     carry out this section.

     SEC. 205. BUDGET SURPLUS ALLOWANCE.

       (a) CBO Certification of Legislative Submissions.--
       (1) Submission of legislation.--Upon the submission of 
     legislative recommendations pursuant to section 105(a) and 
     prior to the submission of a conference report on legislation 
     reported pursuant to section 105, the chairman of the 
     Committee on the Budget of the Senate and the House of 
     Representatives (as the case may be) shall submit such 
     recommendations to the Congressional Budget Office.
       (2) Basis of estimates.--For the purposes of preparing an 
     estimate pursuant to this subsection, the Congressional 
     Budget Office shall include the budgetary impact of all 
     legislation enacted to date, use the economic and technical 
     assumptions underlying this resolution, and assume compliance 
     with the total discretionary spending levels assumed in this 
     resolution unless superseded by law.
       (3) Estimate of legislation.--The Congressional Budget 
     Office shall provide an estimate to the Chairman of the 
     Budget Committee of the Senate and the House of 
     Representatives (as the case may be) and certify whether the 
     legislative recommendations would balance the total budget by 
     fiscal year 2002.
       (4) Certification.--If the Congressional Budget Office 
     certifies that such legislative recommendations would balance 
     the total

[[Page 1077]]

     budget by fiscal year 2002, the Chairman shall submit such 
     certification in his respective House.
       (b) Procedure in the Senate.--
       (1) Adjustments.--For the purposes of points of order under 
     the Congressional Budget Act of 1974 and this concurrent 
     resolution on the budget, the appropriate budgetary 
     allocations and aggregates shall be revised to be consistent 
     with the instructions set forth in section 105(b) for 
     legislation that reduces revenues by providing family tax 
     relief and incentives to stimulate savings, investment, job 
     creation, and economic growth.
       (2) Revised aggregates.--Upon the reporting of legislation 
     pursuant to section 105(b) and again upon the submission of a 
     conference report on such legislation, the Chairman of the 
     Committee on the Budget of the Senate shall submit 
     appropriately revised budgetary allocations and aggregates.
       (3) Effect of revised allocations and aggregates.--Revised 
     allocations and aggregates submitted under paragraph (2) 
     shall be considered for the purposes of the Congressional 
     Budget Act of 1974 as allocations and aggregates contained in 
     this resolution.
       (c) Contingencies.--This section shall not apply unless the 
     reconciliation legislation--
       (1) complies with the sum of the reconciliation directives 
     for the period of fiscal years 1996 through 2002 provided in 
     section 105(a); and
       (2) would balance the total budget for fiscal year 2002 and 
     the period of fiscal years 2002 through 2005.
       (d) Definitions.--For the purposes of this section, the 
     term ``balance the total budget'' means total outlays are 
     less than or equal to total revenues for a fiscal year or a 
     period of fiscal years.

     SEC. 206. SALE OF GOVERNMENT ASSETS.

       (a) Sense of the 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 sales.
       (b) Budgetary Treatment.--For purposes of any concurrent 
     resolution on the budget and 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) Definitions.--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 the 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. 207. CREDIT REFORM AND DIRECT STUDENT LOANS.

       For the purposes of any concurrent resolution on the budget 
     and the Congressional Budget Act of 1974, the cost of a 
     direct loan under the Federal direct student loan program 
     shall be the net present value, at the time when the direct 
     loan is disbursed, of the following cash flows for the 
     estimated life of the loan:
       (1) Loan disbursements.
       (2) Repayments of principal.
       (3) Payments of interest 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) Direct expenses, including--
       (A) activities related to credit extension, loan 
     origination, loan servicing, management of contractors, and 
     payments to contractors, other government entities, and 
     program participants;
       (B) collection of delinquent loans; and
       (C) writeoff and closeout of loans.

     SEC. 208. EXTENSION OF BUDGET ACT 60-VOTE ENFORCEMENT THROUGH 
                   2002.

       Notwithstanding section 275(b) of the Balanced Budget and 
     Emergency Deficit Control Act of 1985 (as amended by sections 
     13112(b) and 13208(b)(3) of the Budget Enforcement Act of 
     1990), the second sentence of section 904(c) of the 
     Congressional Budget Act of 1974 (except insofar as it 
     relates to section 313 of that Act) and the final sentence of 
     section 904(d) of that Act (except insofar as it relates to 
     section 313 of that Act) shall continue to have effect as 
     rules of the Senate through (but no later than) September 30, 
     2002.

     SEC. 209. REPEAL OF IRS ALLOWANCE.

       Section 25 of House Concurrent Resolution 218 (103d 
     Congress, 2d Session) is repealed.

     SEC. 210. TAX REDUCTION CONTINGENT ON BALANCED BUDGET IN THE 
                   HOUSE OF REPRESENTATIVES

       (a) Estimates and Certification.--
       (1) Estimates.--Upon reporting a reconciliation bill to 
     carry out this resolution, the chairman of the Committee on 
     the Budget of the House shall submit such legislation to the 
     Director of the Congressional Budget Office (hereinafter in 
     this section referred to as the ``Director''). The Director 
     shall provide an estimate of whether the enactment of the 
     bill, as reported, would result in a balanced total budget by 
     fiscal year 2002.
       (2) Certification.--(A) If the enactment of the bill as 
     estimated by the Director would so balance the budget, the 
     chairman of the Committee on the Budget is authorized to so 
     certify.
       (B) If the enactment of the bill as estimated by the 
     Director would not so balance the budget, the chairman of the 
     Committee on the Budget shall notify the chairman of the 
     Committee on Rules. The Committee on Rules may recommend to 
     the House a resolution providing for the consideration of an 
     amendment in the nature of a substitute consisting of the 
     text of the reconciliation bill reported by the Committee on 
     the Budget, modified by amendments to achieve a balanced 
     budget by fiscal year 2002 and amendments described in 
     section 310(d) of the Congressional Budget Act of 1974, as an 
     original bill for purposes of amendment.
       (C) If the Committee on Rules so recommends, the chairman 
     of the Committee on the Budget shall submit the substitute 
     text to the Director, who shall provide an estimate of 
     whether the substitute text would balance the total budget by 
     fiscal year 2002. If the enactment of the bill as estimated 
     by the Director would so balance the budget, the chairman of 
     the Committee on the Budget is authorized to so certify.
       (3) Basis of estimate.--In preparing any estimate under 
     this section, the Director shall include the budgetary impact 
     of all legislation enacted through the date of submission of 
     that estimate and of all legislation incorporated by 
     reference in the reconciliation bill, use the economic and 
     technical assumptions underlying this resolution, assume 
     compliance with the total discretionary levels assumed in 
     this resolution unless superseded by law, and include changes 
     in outlays and revenues estimated to result from the economic 
     impact of balancing the budget by fiscal year 2002 as 
     estimated by the Congressional Budget Office in Table B-4 in 
     Appendix B of its Analysis of the President's Budgetary 
     Proposals for Fiscal Year 1996.
       (b) Procedure in the House of Representatives.--
       (1) Adjustments.--Upon certification by the chairman of the 
     Committee on the Budget of the House under subsection (a), 
     the chairman shall submit a report to the House that revises 
     the appropriate budgetary allocations, aggregates, and totals 
     to be consistent with the instructions set forth in section 
     105(a)(2)(B)(xii)(II).
       (2) Effect of revised allocations, aggregates, and 
     totals.--In the House of Representatives, revised 
     allocations, aggregates, and totals submitted under paragraph 
     (1) shall be deemed as the allocations, aggregates, and 
     totals contained in this resolution for all purposes under 
     the Congressional Budget Act of 1974.
       (3) Statement regarding point of order.--If the chairman of 
     the House Committee on the Budget does not certify a balanced 
     budget by 2002, then the reconciliation bill to carry out 
     this resolution would be subject to a point of order under 
     the Congressional Budget Act of 1974.

     SEC. 211. EXERCISE OF RULEMAKING POWERS.

       The Congress adopts the provisions of this title--
       (1) as an exercise of the rulemaking power of the Senate 
     and the House of Representatives, respectively, and as such 
     they shall be considered as part of the rules of each House, 
     or of that House to which they specifically apply, and such 
     rules shall supersede other rules only to the extent that 
     they are inconsistent therewith; and
       (2) with full recognition of the constitutional right of 
     either House to change those rules (so far as they relate to 
     that House) at any time, in the same manner, and to the same 
     extent as in the case of any other rule of that House.
 TITLE III--SENSE OF THE CONGRESS, HOUSE OF REPRESENTATIVES, AND SENATE

     SEC. 301. SENSE OF THE CONGRESS ON THE ELIMINATION OF FRAUD, 
                   WASTE, AND ABUSE IN THE MEDICARE SYSTEM.

       It is the sense of the Congress that, in order to meet the 
     aggregate levels in this budget resolution--
       (1) the committees of jurisdiction should give high 
     priority to proposals that identify, eliminate, and recover 
     funds expended from the medicare trust funds due to fraud and 
     abuse in the medicare program in order to address the long-
     term solvency of medicare; and
       (2) any funds recovered from enhanced anti-fraud and abuse 
     efforts should be used to enhance the solvency of medicare.

     SEC. 302. SENSE OF CONGRESS REGARDING PRIVATIZATION OF THE 
                   STUDENT LOAN MARKETING ASSOCIATION (SALLIE 
                   MAE).

       It is the sense of that the Student Loan Marketing 
     Association should be restructured as a private corporation.

     SEC. 303. SENSE OF THE CONGRESS REGARDING THE DEBT LIMIT.

       It is the sense of the Congress that--
       (1) the reconciliation legislation under section 105 of 
     this budget resolution should be enacted prior to passage of 
     legislation that will extend the public debt limit; and
       (2) the extension of the public debt should be set at 
     levels and for durations that ensure a balanced budget by 
     fiscal year 2002, consistent with this budget resolution.

[[Page 1078]]

     SEC. 304. SENSE OF THE CONGRESS ASSUMPTIONS.

       It is the sense of the Congress that the aggregates and 
     functional levels included in this budget resolution assume 
     that--
       (1) Federal programs should be restructured to meet 
     identified priorities in the most effective and efficient 
     manner, to eliminate obsolete programs, and to reduce 
     duplication;
       (2) Federal programs should be reviewed to determine 
     whether they are more appropriately the responsibility of the 
     States and, for programs that should be under State 
     responsibility, that--
       (A) Federal funding of these programs should be provided in 
     a manner that rewards work, promotes families, and provides a 
     helping hand during times of crisis;
       (B) the programs should be returned in the form of block 
     grants that provide maximum flexibility to the States and 
     localities to ensure the maximum benefit at the least cost to 
     the American taxpayer;
       (C) Federal funds should not supplant existing expenditures 
     by other sources, both public and private; and
       (D) the Federal interest in the program should be protected 
     with adequate safeguards, such as auditing or maintenance of 
     effort provisions, and that Federal goals and principles may 
     be appropriate;
       (3) Congress should examine Federal functions to determine 
     those that could be more conveniently, efficiently, and 
     effectively performed by the private sector and, in order to 
     facilitate the privatization of these functions--
       (A) provisions of law that prohibit or ``lockout'' the 
     private sector from competing for the provision of certain 
     services should be eliminated;
       (B) section 257(e) of the Balanced Budget and Emergency 
     Deficit Control Act of 1985 should be repealed or modified to 
     permit the sale of assets when appropriate to privatization 
     goals;
       (C) each Federal agency and department should be encouraged 
     to develop and evaluate privatization initiatives; and
       (D) the ``Common Rule'', modified by Executive Order 12803, 
     should be modified to delete grant repayment provisions which 
     restrict local governments and prevent private sector 
     investments in Federal-aid facilities;
       (4) Congress, in fulfilling its responsibility to future 
     generations, should--
       (A) enact a plan that balances the budget by 2002 and 
     develop a regimen for paying off the Federal debt; and
       (B) once the budget is in balance, use the surpluses to 
     implement that regimen;
       (5) in considering child nutrition programs--
       (A) reductions in nutrition program spending should be 
     achieved without compromising the nutritional well-being of 
     program recipients;
       (B) school lunches should continue to meet minimal 
     nutrition requirements and should not have to compete with 
     alternative foods of minimal nutritional value during lunch 
     hours; and
       (C) the content of the Women, Infants, and Children (WIC) 
     food package should continue to be based on scientific 
     evidence; and
       (6) science and technology development are critical to 
     sustainable long-term economic growth and priority should be 
     given to Federal funding for science and basic and applied 
     research.

     SEC. 305. SENSE OF THE SENATE THAT TAX REDUCTIONS SHOULD 
                   BENEFIT WORKING FAMILIES.

       It is the sense of the Senate that this concurrent 
     resolution on the budget assumes any reductions in taxes 
     should be structured to benefit working families by providing 
     family tax relief and incentives to stimulate savings, 
     investment, job creation, and economic growth.

     SEC. 306. SENSE OF THE SENATE ON THE DISTRIBUTION OF 
                   AGRICULTURE SAVINGS.

       It is the sense of the Senate that, in response to the 
     reconciliation instructions in section 105 of this 
     resolution, the Senate Committee on Agriculture, Nutrition, 
     and Forestry should provide that no more than 20 percent of 
     the savings be achieved in commodity programs.

     SEC. 307. SENSE OF THE SENATE ON THE ESTABLISHMENT OF A 
                   MEDICARE SOLVENCY COMMISSION.

       It is the sense of the Senate that, in order to meet the 
     aggregates and levels in this budget resolution--
       (1) a special bipartisan commission should be established 
     immediately to make recommendations on the most appropriate 
     response to the short-term solvency crisis facing medicare;
       (2) the commission should report its recommendations under 
     paragraph (1) at the earliest possible date, in order that 
     the committees of jurisdiction may give due consideration to 
     those recommendations in fashioning their response pursuant 
     to section 105 of this resolution; and
       (3) the commission should study, evaluate, and make 
     recommendations to sustain the long-term viability of the 
     medicare system and should report those recommendations to 
     Congress by February 1, 1996.

     SEC. 308. SENSE OF THE SENATE REGARDING PROTECTION OF 
                   CHILDREN'S HEALTH.

       It is the sense of the Senate that, in meeting the 
     aggregates and levels in this resolution, the committees of 
     jurisdiction of the Senate--
       (1) should give careful consideration to the impact of 
     medicaid reform legislation on children's health; and
       (2) should encourage States to place a priority on funding 
     for low-income pregnant women and children within any 
     medicaid reform legislation that allows greater flexibility 
     to the States in the delivery of care and in controlling the 
     rate of growth in costs under the program.

     SEC. 309. SENSE OF THE SENATE ON THE ASSUMPTIONS.

       It is the sense of the Senate that the aggregates and 
     functional levels included in this budget resolution assume 
     that--
       (1) beginning with fiscal year 1997, the Federal government 
     should establish, implement, and maintain a uniform 
     accounting system and provide financial statements in 
     accordance with accepted accounting principles under 
     standards and interpretations recommended by the Federal 
     Accounting Standards Advisory Board;
       (2) Congress should revise the Internal Revenue Code to 
     ensure that very wealthy individuals are not able to reduce 
     or avoid United States income, estate or gift tax liability 
     by relinquishing their U.S. citizenship and, that, any 
     savings resulting from this revision should be used to reduce 
     the deficit;
       (3) in furtherance of the goals of the Decade of the Brain, 
     full funding should be provided for research on brain 
     diseases and disorders;
       (4) the essential air service program should receive 
     sufficient funding to continue to provide air service to 
     small rural communities;
       (5) funds will be made available to reimburse States for 
     the costs of implementing the National Voter Registration Act 
     of 1993; and
       (6) a temporary nonpartisan commission should be 
     established to make recommendations concerning the 
     appropriateness and accuracy of the methodology and 
     calculations that determine the Consumer Price Index (CPI) 
     and those recommendations should be submitted to the Bureau 
     of Labor Statistics at the earliest possible date.

     SEC. 310. HOUSE STATEMENT ON AGRICULTURE SAVINGS.

       The House of Representatives 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.
       (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. 311. SENSE OF THE HOUSE ON BASELINES.

       (a) Findings.--The House of Representatives 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; and
       (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 the House.--It is the sense of the House of 
     Representatives 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. 312. SENSE OF THE HOUSE REGARDING A COMMISSION ON THE 
                   SOLVENCY OF THE FEDERAL MILITARY AND CIVIL 
                   SERVICE RETIREMENT FUNDS.

       (a) Findings.--The House of Representatives finds that the 
     Federal retirement system, for both military and civil 
     service retirees, currently has liabilities of 
     $1,100,000,000,000, while holding assets worth 
     $340,000,000,000 and anticipating employee contributions of 
     $220,000,000,000, which leaves an unfunded liability of 
     $540,000,000,000,000.
       (b) Sense of House.--It is the sense of the House of 
     Representatives 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.

     SEC. 313. SENSE OF THE HOUSE REGARDING THE REPEAL OF HOUSE 
                   RULE XLIX.

       It is the sense of the House that rule XLIX of the Rules of 
     the House of Representatives (popularly known as the Gephardt 
     rule) should be repealed.

[[Page 1079]]

     SEC. 314. SENSE OF THE HOUSE ON EMERGENCIES.

       (a) Findings.--The House of Representative 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 the House.--It is the sense of the House 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.

       And the Senate agree to the same.

     John R. Kasich,
     Dave Hobson,
     Bob Walker,
     Jim Kolbe,
     Christopher Shays,
     Wally Herger,
     Wayne Allard,
     Bob Franks,
     Steve Largent,
     Sue Myrick,
     Mike Parker,
                                Managers on the Part of the House.

     Pete Domenici,
     Chuck Grassley,
     Don Nickles,
     Trent Lott,
     Hank Brown,
     Slade Gorton,
     Judd Gregg,
                               Managers on the Part of the Senate.
  When said conference report was considered.
  After debate,
```