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[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1059 Introduced in House (IH)]

106th CONGRESS
  1st Session
                                H. R. 1059

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
               to extend the pay-as-you-go requirements.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             March 10, 1999

  Mr. Minge introduced the following bill; which was referred to the 
                        Committee on the Budget

_______________________________________________________________________

                                 A BILL

 
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
               to extend the pay-as-you-go requirements.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Downpayment on the Debt Act of 
1999''.

SEC. 2. EXTENSION AND MODIFICATION OF PAY-AS-YOU-GO REQUIREMENT.

    (a) Extension.--(1) Section 252 of the Balanced Budget and 
Emergency Deficit Control Act of 1985 is amended by striking ``enacted 
before October 1, 2002,'' both places it appears.
    (2) The last sentence of section 275(b) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 is amended by striking ``2006'' 
and inserting ``2009''.
    (b) Modification.--(1) Section 250(c) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 is amended by adding at the end 
the following new paragraph:
            ``(20) The term `budget increase' means, for purposes of 
        section 252, an increase in direct spending outlays or a 
        decrease in receipts relative to the baseline, and the term 
        `budget decrease' means, for purposes of section 252, a 
        decrease in direct spending outlays or an increase in receipts 
        relative to the baseline.''.
    (2) Section 252(a) of the Balanced Budget and Emergency Deficit 
Control Act of 1985 is amended by striking ``increases the deficit'' 
and inserting ``results in a net budget increase''.
    (3) Section 252(b)(1) of the Balanced Budget and Emergency Deficit 
Control Act of 1985 is amended--
            (A) in its side heading by inserting ``and amount'' after 
        ``Timing''; and
            (B) by striking ``net deficit increase'' and inserting 
        ``net budget increase''.
    (4) Section 252(b)(2) of the Balanced Budget and Emergency Deficit 
Control Act of 1985 is amended--
            (A) in its side heading by striking ``deficit increase'' 
        and inserting ``net budget increase''; and
            (B) by striking ``deficit increase or decrease'' the first 
        place it appears and inserting ``any net budget increase''; and
            (C) by striking ``any net deficit increase or decrease in 
        the current year resulting from''.
    (5) The side heading of section 252(c) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 is amended by striking ``Deficit 
Increase'' and inserting ``Net Budget Increase''.
                                 <all>
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