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[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 14 Reported in Senate (RS)]

                                                        Calendar No. 27

104th CONGRESS

  1st Session

                                 S. 14

                          [Report No. 104-10]

                          [Report No. 104-14]

_______________________________________________________________________

                                 A BILL

 To amend the Congressional Budget and Impoundment Control Act of 1974 
    to provide for the expedited consideration of certain proposed 
                     cancellations of budget items.

_______________________________________________________________________

                March 7 (legislative day, March 6), 1995

           Reported with an amendment, without recommendation

                                                        Calendar No. 27
104th CONGRESS
  1st Session
                                 S. 14

                          [Report No. 104-10]

                          [Report No. 104-14]

 To amend the Congressional Budget and Impoundment Control Act of 1974 
    to provide for the expedited consideration of certain proposed 
                     cancellations of budget items.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                            January 4, 1995

Mr. Domenici (for himself, Mr. Exon, Mr. Craig, Mr. Bradley, Mr. Cohen, 
Mr. Dole, Mr. Daschle, and Mr. Campbell) introduced the following bill; 
  which was read twice and referred jointly pursuant to the order of 
   August 4, 1977, to the Committees on the Budget and Governmental 
  Affairs, with instructions that if one committee reports, the other 
         committee have thirty days to report or be discharged

            February 27 (legislative day, February 22), 1995

  Reported by Mr. Domenici, with an amendment, without recommendation
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]
  Referred to the Committee on Governmental Affairs for not to exceed 
                              thirty days

                March 7 (legislative day, March 6), 1995

    Reported by Mr. Roth, with an amendment, without recommendation
                [Insert the part printed in bold italic]

_______________________________________________________________________

                                 A BILL

 
 To amend the Congressional Budget and Impoundment Control Act of 1974 
    to provide for the expedited consideration of certain proposed 
                     cancellations of budget items.

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

<DELETED>SECTION 1. SHORT TITLE.</DELETED>

<DELETED>    This Act may be cited as the ``Legislative Line Item Veto 
Act''.</DELETED>

<DELETED>SEC. 2. EXPEDITED CONSIDERATION OF CERTAIN PROPOSED 
              RESCISSIONS AND REPEALS OF TAX EXPENDITURES AND DIRECT 
              SPENDING.</DELETED>

<DELETED>    (a) In General.--Title X of the Congressional Budget and 
Impoundment Control Act of 1974 (2 U.S.C. 621 et seq.) is amended by 
adding after section 1012 the following new section:</DELETED>

<DELETED>``expedited consideration of certain proposed rescissions and 
       repeals of tax expenditures and direct spending</DELETED>

<DELETED>    ``Sec. 1012A. (a) Proposed Cancellation of Budget Item.--
The President may propose, at the time and in the manner provided in 
subsection (b), the cancellation of any budget item provided in any 
Act.</DELETED>
<DELETED>    ``(b) Transmittal of Special Message.--</DELETED>
        <DELETED>    ``(1)(A) Subject to the time limitations provided 
        in subparagraph (B), the President may transmit to Congress a 
        special message proposing to cancel budget items and include 
        with that special message a draft bill that, if enacted, would 
        only cancel those budget items as provided in this section. The 
        bill shall clearly identify each budget item that is proposed 
        to be canceled including, where applicable, each program, 
        project, or activity to which the budget item relates. The bill 
        shall specify the amount, if any, of each budget item that the 
        President designates for deficit reduction as provided in 
        paragraph (4).</DELETED>
        <DELETED>    ``(B) A special message may be transmitted under 
        this section--</DELETED>
                <DELETED>    ``(i) during the 20-calendar-day period 
                (excluding Saturdays, Sundays, and legal holidays) 
                commencing on the day after the date of enactment of 
                the provision proposed to be rescinded or repealed; 
                or</DELETED>
                <DELETED>    ``(ii) at the same time as the President's 
                budget.</DELETED>
        <DELETED>    ``(2) In the case of an Act that includes budget 
        items within the jurisdiction of more than one committee of a 
        House, the President in proposing to cancel such budget item 
        under this section shall send a separate special message and 
        accompanying draft bill for each such committee.</DELETED>
        <DELETED>    ``(3) Each special message shall specify, with 
        respect to the budget item proposed to be canceled--</DELETED>
                <DELETED>    ``(A) the amount that the President 
                proposes be canceled;</DELETED>
                <DELETED>    ``(B) any account, department, or 
                establishment of the Government to which such budget 
                item is available for obligation, and the specific 
                project or governmental functions involved;</DELETED>
                <DELETED>    ``(C) the reasons why the budget item 
                should be canceled;</DELETED>
                <DELETED>    ``(D) to the maximum extent practicable, 
                the estimated fiscal, economic, and budgetary effect 
                (including the effect on outlays and receipts in each 
                fiscal year) of the proposed cancellation; 
                and</DELETED>
                <DELETED>    ``(E) all facts, circumstances, and 
                considerations relating to or bearing upon the proposed 
                cancellation and the decision to effect the proposed 
                cancellation, and to the maximum extent practicable, 
                the estimated effect of the proposed cancellation upon 
                the objects, purposes, and programs for which the 
                budget item is provided.</DELETED>
        <DELETED>    ``(4)(A) Not later than 5 days after the date of 
        enactment of a bill containing an amount designated by the 
        President for deficit reduction under paragraph (1), the 
        President shall--</DELETED>
                <DELETED>    ``(i) with respect to a rescission bill, 
                reduce the discretionary spending limits under section 
                601 of the Congressional Budget Act of 1974 for the 
                budget year and each outyear to reflect such amount; 
                and</DELETED>
                <DELETED>    ``(ii) with respect to a repeal of a tax 
                expenditure or direct spending, adjust the balances for 
                the budget year and each outyear under section 252(b) 
                of the Balanced Budget and Emergency Deficit Control 
                Act of 1985 to reflect such amount.</DELETED>
        <DELETED>    ``(B) Not later than 5 days after the date of 
        enactment of a bill containing an amount designated by the 
        President for deficit reduction under paragraph (1), the chairs 
        of the Committees on the Budget of the Senate and the House of 
        Representatives shall revise levels under section 311(a) and 
        adjust the committee allocations under section 602(a) to 
        reflect such amount.</DELETED>
<DELETED>    ``(c) Procedures for Expedited Consideration.--</DELETED>
        <DELETED>    ``(1)(A) Before the close of the second day of 
        session of the Senate and the House of Representatives, 
        respectively, after the date of receipt of a special message 
        transmitted to Congress under subsection (b), the majority 
        leader or minority leader of each House shall introduce (by 
        request) the draft bill accompanying that special message. If 
        the bill is not introduced as provided in the preceding 
        sentence in either House, then, on the third day of session of 
        that House after the date of receipt of that special message, 
        any Member of that House may introduce the bill.</DELETED>
        <DELETED>    ``(B) The bill shall be referred to the 
        appropriate committee or (in the House of Representatives) 
        committees. The committee shall report the bill without 
        substantive revision and with or without recommendation. The 
        committee shall report the bill not later than the seventh day 
        of session of that House after the date of receipt of that 
        special message. If the committee fails to report the bill 
        within that period, the committee shall be automatically 
        discharged from consideration of the bill, and the bill shall 
        be placed on the appropriate calendar.</DELETED>
        <DELETED>    ``(C) A vote on final passage of the bill shall be 
        taken in the Senate and the House of Representatives on or 
        before the close of the 10th day of session of that House after 
        the date of the introduction of the bill in that House. If the 
        bill is passed, the Clerk of the Senate or the House of 
        Representatives, as the case may be, shall cause the bill to be 
        engrossed, certified, and transmitted to the other House within 
        one calendar day of the day on which the bill is 
        passed.</DELETED>
        <DELETED>    ``(2)(A) During consideration under this 
        subsection in the House of Representatives, any Member of the 
        House of Representatives may move to strike any proposed 
        cancellation of a budget item if supported by 49 other 
        Members.</DELETED>
        <DELETED>    ``(B) A motion in the House of Representatives to 
        proceed to the consideration of a bill under this subsection 
        shall be highly privileged and not debatable. An amendment to 
        the motion shall not be in order, nor shall it be in order to 
        move to reconsider the vote by which the motion is agreed to or 
        disagreed to.</DELETED>
        <DELETED>    ``(C) Debate in the House of Representatives on a 
        bill under this subsection shall not exceed 4 hours, which 
        shall be divided equally between those favoring and those 
        opposing the bill. A motion further to limit debate shall not 
        be debatable. It shall not be in order to move to recommit a 
        bill under this subsection or to move to reconsider the vote by 
        which the bill is agreed to or disagreed to.</DELETED>
        <DELETED>    ``(D) Appeals from decisions of the Chair relating 
        to the application of the Rules of the House of Representatives 
        to the procedure relating to a bill under this section shall be 
        decided without debate.</DELETED>
        <DELETED>    ``(E) Except to the extent specifically provided 
        in this section, consideration of a bill under this section 
        shall be governed by the Rules of the House of Representatives. 
        It shall not be in order in the House of Representatives to 
        consider any rescission bill introduced pursuant to the 
        provisions of this section under a suspension of the rules or 
        under a special rule.</DELETED>
        <DELETED>    ``(3)(A) During consideration of a bill under this 
        subsection in the Senate, any Member of the Senate may move to 
        strike any proposed cancellation of a budget item if supported 
        by 11 other Members.</DELETED>
        <DELETED>    ``(B) It shall not be in order to move to 
        reconsider the vote by which the motion is agreed to or 
        disagreed to.</DELETED>
        <DELETED>    ``(C) Debate in the Senate on a bill under this 
        subsection, and all debatable motions and appeals in connection 
        therewith (including debate pursuant to subparagraph (D)), 
        shall not exceed 10 hours. The time shall be equally divided 
        between, and controlled by, the majority leader and the 
        minority leader or their designees.</DELETED>
        <DELETED>    ``(D) Debate in the Senate on any debatable motion 
        or appeal in connection with a bill under this subsection shall 
        be limited to not more than 1 hour, to be equally divided 
        between, and controlled by, the mover and the manager of the 
        bill, except that in the event the manager of the bill is in 
        favor of any such motion or appeal, the time in opposition 
        thereto, shall be controlled by the minority leader or his 
        designee. Such leaders, or either of them, may, from time under 
        their control on the passage of a bill, allot additional time 
        to any Senator during the consideration of any debatable motion 
        or appeal.</DELETED>
        <DELETED>    ``(E) A motion in the Senate to further limit 
        debate on a bill under this subsection is not debatable. A 
        motion to recommit a bill under this subsection is not in 
        order.</DELETED>
        <DELETED>    ``(F) If the Senate proceeds to consider a bill 
        introduced in the House of Representatives under paragraph 
        (1)(A), then any Senator may offer as an amendment the text of 
        the companion bill introduced in the Senate under paragraph 
        (1)(A) as amended if amended (under subparagraph (A)). Debate 
        in the Senate on such bill introduced in the House of 
        Representatives, and all debatable motions and appeals in 
        connection therewith (including debate pursuant to subparagraph 
        (D)), and any amendment offered under this subparagraph, shall 
        not exceed 10 hours minus such times (if any) as Senators 
        consumed or yielded back during consideration of the companion 
        bill introduced in the Senate under paragraph (1)(A).</DELETED>
        <DELETED>    ``(4) Debate in the House of Representatives or 
        the Senate on the conference report on any bill considered 
        under this section shall be limited to not more than 2 hours, 
        which shall be divided equally between the majority leader and 
        the minority leader. A motion further to limit debate is not 
        debatable. A motion to recommit the conference report is not in 
        order, and it is not in order to move to reconsider the vote by 
        which the conference report is agreed to or disagreed 
to.</DELETED>
<DELETED>    ``(d) Amendments and Divisions Prohibited.--Except as 
otherwise provided by this section, no amendment to a bill considered 
under this section shall be in order in either the Senate or the House 
of Representatives. It shall not be in order to demand a division of 
the question in the House of Representatives (or in a Committee of the 
Whole). No motion to suspend the application of this subsection shall 
be in order in the House of Representatives, nor shall it be in order 
in the House of Representatives to suspend the application of this 
subsection by unanimous consent.</DELETED>
<DELETED>    ``(e) Requirement To Make Available for Obligation.--Any 
budget item proposed to be canceled in a special message transmitted to 
Congress under subsection (b) shall not be made available for 
obligation or take effect until the day after the date on which either 
House rejects the bill transmitted with that special message.</DELETED>
<DELETED>    ``(f) Definitions.--For purposes of this section--
        </DELETED>
        <DELETED>    ``(1) the term `appropriation Act' means any 
        general or special appropriation Act, and any Act or joint 
        resolution making supplemental, deficiency, or continuing 
        appropriations;</DELETED>
        <DELETED>    ``(2) the term `direct spending' shall have the 
        same meaning given such term in section 250(c)(8) of the 
        Balanced Budget and Emergency Deficit Control Act of 
        1985;</DELETED>
        <DELETED>    ``(3) the term `budget item' means--</DELETED>
                <DELETED>    ``(A) an amount, in whole or in part, of 
                budget authority provided in an appropriation 
                Act;</DELETED>
                <DELETED>    ``(B) an amount of direct spending; 
                or</DELETED>
                <DELETED>    ``(C) a targeted tax benefit;</DELETED>
        <DELETED>    ``(4) the term `cancellation of a budget item' 
        means--</DELETED>
                <DELETED>    ``(A) the rescission of any budget 
                authority provided in an appropriation Act;</DELETED>
                <DELETED>    ``(B) the repeal of any amount of direct 
                spending; or</DELETED>
                <DELETED>    ``(C) the repeal of any targeted tax 
                benefit; and</DELETED>
        <DELETED>    ``(5) the term `targeted tax benefit' means any 
        provision which has the practical effect of providing a benefit 
        in the form of a different treatment to a particular taxpayer 
        or a limited class of taxpayers, whether or not such provision 
        is limited by its terms to a particular taxpayer or a class of 
        taxpayers. Such term does not include any benefit provided to a 
        class of taxpayers distinguished on the basis of general 
        demographic conditions such as income, number of dependents, or 
        marital status.''.</DELETED>
<DELETED>    (b) Exercise of Rulemaking Powers.--Section 904 of the 
Congressional Budget Act of 1974 (2 U.S.C. 621 note) is amended--
        </DELETED>
        <DELETED>    (1) in subsection (a), by striking ``and 1017'' 
        and inserting ``1012A, and 1017''; and</DELETED>
        <DELETED>    (2) in subsection (d), by striking ``section 
        1017'' and inserting ``sections 1012A and 1017''.</DELETED>
<DELETED>    (c) Clerical Amendments.--The table of sections for 
subpart B of title X of the Congressional Budget and Impoundment 
Control Act of 1974 is amended by inserting after the item relating to 
section 1012 the following:</DELETED>

<DELETED>``Sec. 1012A. Expedited consideration of certain proposed 
                            rescissions and repeals of tax expenditures 
                            and direct spending.''.
<DELETED>    (d) Effective Period.--The amendments made by this Act 
shall--</DELETED>
        <DELETED>    (1) take effect on the date of enactment of this 
        Act;</DELETED>
        <DELETED>    (2) apply only to budget items provided in Acts 
        enacted on or after the date of enactment of this Act; 
        and</DELETED>
        <DELETED>    (3) cease to be effective on September 30, 
              1998.</DELETED>

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Legislative Line Item Veto Act''.

SEC. 2. EXPEDITED CONSIDERATION OF CERTAIN PROPOSED RESCISSIONS OF 
              BUDGET AUTHORITY.

    (a) In General.--Title X of the Congressional Budget and 
Impoundment Control Act of 1974 (2 U.S.C. 621 et seq.) is amended by 
adding after section 1012 the following new section:

  ``expedited consideration of certain proposed rescissions of budget 
                               authority

    ``Sec. 1012A. (a) Proposed Rescissions.--The President may propose, 
at the time and in the manner provided in subsection (b), the 
rescission of any budget authority provided in an appropriations Act. 
Except as otherwise provided in this section, budget authority proposed 
for rescission under this section may not be proposed for rescission 
again under this title.
    ``(b) Transmittal of Special Message.--
            ``(1) Special message.--
                    ``(A) In general.--Subject to the time limitations 
                provided in subparagraph (B), the President may 
                transmit to Congress a special message proposing to 
                rescind budget authority contained in an appropriations 
                Act. Except as provided in subparagraph (B)(ii)(II), 
                only one special message shall be transmitted under 
                this section for any single Act and that message shall 
                propose to rescind budget authority contained in that 
                single Act.
                    ``(B) Time limitations.--A special message may be 
                transmitted under this section--
                            ``(i) during the 20-calendar-day period 
                        (excluding Saturdays, Sundays, and legal 
                        holidays) commencing on the day after the date 
                        of enactment of the provision proposed to be 
                        rescinded; or
                            ``(ii) on the first day of a session of 
                        Congress--
                                    ``(I) for rescissions contained in 
                                an Act enacted after the adjournment of 
                                the Congress to end the preceding 
                                session; or
                                    ``(II) for rescissions in an Act 
                                enacted prior to an adjournment of 
                                Congress to end the preceding session, 
                                if a special message had been 
                                transmitted under clause (i) but 
                                Congress adjourned prior to the 
                                expiration of the 10 days of session 
                                under subsection (c)(1)(C).
            ``(2) Draft bill.--The President shall include with each 
        special message transmitted under paragraph (1) a draft bill 
        that, if enacted, would rescind budget authority proposed to be 
        rescinded in that special message. The draft bill shall clearly 
        identify the budget authority that is proposed to be rescinded 
        including, where applicable, each program, project, or activity 
        to which the rescission relates.
            ``(3) Contents of special message.--Each special message 
        shall specify, with respect to the budget authority proposed to 
        be rescinded--
                    ``(A) the amount of budget authority that the 
                President proposes be rescinded;
                    ``(B) any account, department, or establishment of 
                the Government to which such budget authority is 
                available for obligation, and the specific project or 
                governmental functions involved;
                    ``(C) the reasons why the budget authority should 
                be rescinded;
                    ``(D) to the maximum extent practicable, the 
                estimated fiscal, economic, and budgetary effect 
                (including the effect on outlays and receipts in each 
                fiscal year) of the proposed rescission; and
                    ``(E) all facts, circumstances, and considerations 
                relating to or bearing upon the proposed rescission and 
                the decision to effect the proposed rescission, and to 
                the maximum extent practicable, the estimated effect of 
                the proposed rescission upon the objects, purposes, and 
                programs for which the budget authority is provided.
            ``(4) Deficit reduction.--
                    ``(A) Discretionary spending limits.--Not later 
                than 5 days after the date of enactment of a bill 
                containing rescissions of budget authority as provided 
                under this section, the President shall reduce the 
                discretionary spending limits under section 601 of the 
                Congressional Budget Act of 1974 for the budget year 
                and any outyear affected by the rescission bill to 
                reflect the rescission.
                    ``(B) Adjustment of committee allocations.--Not 
                later than 5 days after the date of enactment of a 
                rescission bill as provided under this section, the 
                chairs of the Committees on the Budget of the Senate 
                and the House of Representatives shall revise levels 
                under section 311(a) and adjust the committee 
                allocations under section 302(a) or 602(a) to reflect 
                the rescission, and the appropriate committees shall 
                report revised allocations pursuant to section 302(b) 
                or 602(b).
    ``(c) Procedures for Expedited Consideration.--
            ``(1) In general.--
                    ``(A) Introduction.--Before the close of the second 
                day of session of the Senate and the House of 
                Representatives, respectively, after the date of 
                receipt of a special message transmitted to Congress 
                under subsection (b), the majority leader or minority 
                leader of each House shall introduce (by request) the 
                draft bill accompanying that special message. If the 
                bill is not introduced as provided in the preceding 
                sentence in either House, then, on the third day of 
                session of that House after the date of receipt of that 
                special message, any Member of that House may introduce 
                the bill.
                    ``(B) Referral and reporting.--The bill shall be 
                referred to the appropriate committee. The committee 
                shall report the bill without substantive revision and 
                with or without recommendation. The committee shall 
                report the bill not later than the fifth day of session 
                of that House after the date of introduction of the 
                bill in that House. If the committee fails to report 
                the bill within that period, the committee shall be 
                automatically discharged from consideration of the 
                bill, and the bill shall be placed on the appropriate 
                calendar.
                    ``(C) Final passage.--A vote on final passage of 
                the bill shall be taken in the Senate and the House of 
                Representatives on or before the close of the 10th day 
                of session of that House after the date of the 
                introduction of the bill in that House. If the bill is 
                passed, the Secretary of the Senate or the Clerk of the 
House of Representatives, as the case may be, shall cause the bill to 
be transmitted to the other House on the next day of session of that 
House.
            ``(2) Consideration in the house of representatives.--
                    ``(A) Motion to proceed to consideration.--A motion 
                in the House of Representatives to proceed to the 
                consideration of a bill under this subsection shall be 
                highly privileged and not debatable. An amendment to 
                the motion shall not be in order, nor shall it be in 
                order to move to reconsider the vote by which the 
                motion is agreed to or disagreed to.
                    ``(B) Motion to strike.--During consideration under 
                this subsection in the House of Representatives, any 
                Member of the House of Representatives may move to 
                strike any proposed rescission if supported by 49 other 
                Members.
                    ``(C) Limits on debate.--Debate in the House of 
                Representatives on a bill under this subsection shall 
not exceed 4 hours, which shall be divided equally between those 
favoring and those opposing the bill. A motion further to limit debate 
shall not be debatable. It shall not be in order to move to recommit a 
bill under this subsection or to move to reconsider the vote by which 
the bill is agreed to or disagreed to.
                    ``(D) Appeals.--Appeals from decisions of the Chair 
                relating to the application of the Rules of the House 
                of Representatives to the procedure relating to a bill 
                under this section shall be decided without debate.
                    ``(E) Application of house rules.--Except to the 
                extent specifically provided in this section, 
                consideration of a bill under this section shall be 
                governed by the Rules of the House of Representatives. 
                It shall not be in order in the House of 
                Representatives to consider any bill introduced 
                pursuant to the provisions of this section under a 
                suspension of the rules or under a special rule.
            ``(3) Consideration in the senate.--
                    ``(A) Motion to proceed to consideration.--A motion 
                to proceed to the consideration of a bill under this 
                subsection in the Senate shall not be debatable. It 
                shall not be in order to move to reconsider the vote by 
                which the motion to proceed is agreed to or disagreed 
                to.
                    ``(B) Motion to strike.--During consideration of a 
                bill under this subsection, any Senator may move to 
                strike any proposed rescission if supported by 11 other 
                Members.
                    ``(C) Limits on debate.--Debate in the Senate on a 
                bill under this subsection, and all debatable motions 
                and appeals in connection therewith (including debate 
                pursuant to subparagraph (D)), shall not exceed 10 
                hours, equally divided and controlled in the usual 
                form.
                    ``(D) Appeals.--Debate in the Senate on any 
                debatable motion or appeal in connection with a bill 
                under this subsection shall be limited to not more than 
                1 hour, to be equally divided and controlled in the 
                usual form.
                    ``(E) Motion to limit debate.--A motion in the 
                Senate to further limit debate on a bill under this 
                subsection is not debatable.
                    ``(F) Motion to recommit.--A motion to recommit a 
                bill under this subsection is not in order.
                    ``(G) Consideration of the house bill.--
                            ``(i) In general.--If the Senate has 
                        received the House companion bill to the bill 
                        introduced in the Senate prior to the vote 
                        required under paragraph (1)(C), then the 
                        Senate may consider, and the vote under 
                        paragraph (1)(C) may occur on, the House 
                        companion bill.
                            ``(ii) Procedure after vote on senate 
                        bill.--If the Senate votes, pursuant to 
                        paragraph (1)(C), on the bill introduced in the 
                        Senate, then immediately following that vote, 
                        or upon receipt of the House companion bill, as 
                        the case may be--
                                    ``(I) if the House companion bill 
                                is identical to the version of the 
                                Senate bill on which the vote under 
                                paragraph (1)(C) was taken, the House 
                                bill shall be deemed to be considered, 
                                read the third time, and the vote on 
                                passage of the Senate bill shall be 
                                considered to be the vote on the bill 
                                received from the House; or
                                    ``(II) if the House companion bill 
                                is not identical to the Senate bill on 
                                which the vote under paragraph (1)(C) 
                                was taken, the Senate shall proceed to 
                                the immediate consideration of the 
                                House companion bill, the procedures 
                                under this paragraph shall apply except 
                                that a motion to strike all after the 
                                enacting clause and insert the text of 
                                the Senate bill shall be in order.
                    ``(H) Amendment between houses.--Overall debate on 
                all motions necessary to resolve amendments between the 
                Houses on a bill under this section shall be limited to 
                2 hours at any stage of the proceedings. Debate on any 
                motion, appeal, or point of order under this section 
                which is submitted shall be limited to 30 minutes, and 
                such time shall be equally divided and controlled in 
                the usual form.
            ``(4) Conference.--
                    ``(A) Authority of conferees.--
                            ``(i) In general.--Except as provided in 
                        clause (ii), the conferees may only recommend 
                        that a House recede from a disagreement to an 
                        amendment of the other House, or recede from 
                        its own amendment, and that the other House 
                        concur in such action.
                            ``(ii) Exception.--If the second House has 
                        stricken all after the enacting clause of the 
                        first House, the amendment reported by the 
conferees shall include each provision that is included in the versions 
of both Houses, and may include a provision included by either House 
upon which the conferees have agreed, and may not include any other 
matter.
                    ``(B) Consideration of conference reports.--Debate 
                in the House of Representatives or the Senate on the 
                conference report and any amendments in disagreement on 
                any bill considered under this section shall be limited 
                to not more than 2 hours, equally divided and 
                controlled in the usual form. A motion further to limit 
                debate is not debatable. A motion to recommit the 
                conference report is not in order, and it is not in 
                order to move to reconsider the vote by which the 
                conference report is agreed to or disagreed to.
                    ``(C) Failure of conference to act.--If the 
                committee on conference on a bill considered under this 
                section fails to submit a conference report within 5 
                calendar days after the conferees have been appointed 
                by each House, any Member of either House may introduce 
                a bill containing only the text of the draft bill of 
                the President on the next day of session thereafter and 
                the bill shall be considered as provided in this 
                section except that the bill shall not be subject to 
                any motion to strike.
    ``(d) Amendments and Divisions Prohibited.--Except as otherwise 
provided by this section, no amendment to a bill considered under this 
section shall be in order in either the Senate or the House of 
Representatives. It shall not be in order to demand a division of the 
question in the House of Representatives (or in a Committee of the 
Whole). No motion to suspend the application of this subsection shall 
be in order in the House of Representatives, nor shall it be in order 
in the House of Representatives to suspend the application of this 
subsection by unanimous consent.
    ``(e) Temporary Presidential Authority To Rescind.--
            ``(1) In general.--At the same time as the President 
        transmits to Congress a special message proposing to rescind 
        budget authority, the President may direct that any budget 
        authority proposed to be rescinded in that special message 
        shall not be made available for obligation for a period not to 
        exceed 45 calendar days from the date the President transmits 
        the special message to Congress.
            ``(2) Early availability.--The President may make any 
        budget authority not made available for obligation pursuant to 
        paragraph (1) available at a time earlier than the time 
        specified by the President if the President determines that 
        continuation of the rescission would not further the purposes 
        of this Act.
    ``(f) Definitions.--For purposes of this section--
            ``(1) the term `appropriation Act' means any general or 
        special appropriation Act, and any Act or joint resolution 
        making supplemental, deficiency, or continuing appropriations;
            ``(2) the term `budget authority' means an amount, in whole 
        or in part, of budget authority provided in an appropriation 
        Act, except to fund direct spending programs and budget 
        authority provided for social security;
            ``(3) the term `rescission of budget authority' means the 
        rescission in whole or in part of any budget authority provided 
        in an appropriation Act; and
            ``(4) the term `targeted tax benefit' means any provision 
        of a revenue or reconciliation Act determined by the President 
        to provide a Federal tax deduction, credit, exclusion, 
        preference, or other concession to 100 or fewer beneficiaries. 
        Any partnership, limited partnership, trust, or S corporation, 
        and any subsidiary or affiliate of the same parent corporation, 
        shall be deemed and counted as a single beneficiary regardless 
        of the number of partners, limited partners, beneficiaries, 
        shareholders, or affiliated corporate entities.
    ``(g) Application to Targeted Tax Benefits.--The President may 
propose the repeal of any targeted tax benefit in any bill that 
includes such a benefit, under the same conditions, and subject to the 
same Congressional consideration, as a proposal under this section to 
rescind budget authority provided in an appropriations Act.''.
    (b) Exercise of Rulemaking Powers.--Section 904 of the 
Congressional Budget Act of 1974 (2 U.S.C. 621 note) is amended--
            (1) in subsection (a), by striking ``and 1017'' and 
        inserting ``1012A, and 1017''; and
            (2) in subsection (d), by striking ``section 1017'' and 
        inserting ``sections 1012A and 1017''.
    (c) Clerical Amendments.--The table of sections for subpart B of 
title X of the Congressional Budget and Impoundment Control Act of 1974 
is amended by inserting after the item relating to section 1012 the 
following:

``Sec. 1012A. Expedited consideration of certain proposed rescissions 
                            of budget authority.''.
    (d) Effective Period.--The amendments made by this Act shall--
            (1) take effect on the date of enactment of this Act;
            (2) apply only to budget authority provided in Acts enacted 
        on or after the date of enactment of this Act; and
            (3) cease to be effective on September 30, 2002.
```