I

103D CONGRESS

1ST SESSION H. R. 1218

To provide for economic growth by reducing income taxes for most Americans,

by encouraging the purchase of American-made products, and by accelerating transportation-related spending, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

MARCH 4, 1993

Mr. ANDREWS of New Jersey introduced the following bill; which was referred

jointly to the Committees on Ways and Means, Public Works and Transportation, Banking, Finance and Urban Affairs, Post Office and Civil

Service, and Appropriations

A BILL

To provide for economic growth by reducing income taxes

for most Americans, by encouraging the purchase of

American-made products, and by accelerating transportation-related spending, and for other purposes.

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

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Economic Growth In5 centive Act of 1993’’.
2

•HR 1218 IH

1 TITLE I—REDUCTION IN

2 INDIVIDUAL INCOME TAXES

3 SEC. 101. 5-PERCENT DECREASE IN INDIVIDUAL INCOME

4 TAXES FOR MOST TAXPAYERS.

5 (a) GENERAL RULE.—Section 1 of the Internal Reve6 nue Code of 1986 (relating to tax imposed) is amended

7 by striking subsections (a) through (e) and inserting the

8 following:

9 ‘‘(a) MARRIED INDIVIDUALS FILING JOINT RETURNS

10 AND SURVIVING SPOUSES.—There is hereby imposed on

11 the taxable income of—

12 ‘‘(1) every married individual (as defined in sec13 tion 7703) who makes a single return jointly with

14 his spouse under section 6013, and

15 ‘‘(2) every surviving spouse (as defined in sec16 tion 2(a)),

17 a tax determined in accordance with the following table:

‘‘If taxable income is: The tax is:

Not over $35,800 .......................... 14.25% of taxable income.

Over $35,800 but not over

$86,500.

$5,101.50, plus 26.6% of the excess

over $35,800.

Over $86,500 but not over

$250,000.

$18,587.70, plus 29.45% of the excess over $86,500.

Over $250,000 ............................... $66,738.45, plus 31% of the excess

over $250,000.

18 ‘‘(b) HEADS OF HOUSEHOLDS.—There is hereby im19 posed on the taxable income of every head of a household

20 (as defined in section 2(b)) a tax determined in accordance

21 with the following table:
3

•HR 1218 IH

‘‘If taxable income is: The tax is:

Not over $28,750 .......................... 14.25% of taxable income.

Over $28,750 but not over

$74,150.

$4,096.88, plus 26.6% of the excess

over $28,750.

Over $74,150 but not over

$214,300.

$16,173.28, plus 29.45% of the excess over $74,150.

Over $214,300 ............................... $57,447.47, plus 31% of the excess

over $214,300.

1 ‘‘(c) UNMARRIED INDIVIDUALS (OTHER THAN SUR2 VIVING SPOUSES AND HEADS OF HOUSEHOLDS).—There

3 is hereby imposed on the taxable income of every individ4 ual (other than a surviving spouse as defined in section

5 2(a) or the head of a household as defined in section 2(b))

6 who is not a married individual (as defined in section

7 7703) a tax determined in accordance with the following

8 table:

‘‘If taxable income is: The tax is:

Not over $21,450 .......................... 14.25% of taxable income.

Over $21,450 but not over

$51,900.

$3,056.63, plus 26.6% of the excess

over $21,450.

Over $51,900 but not over

$150,000.

$11,156.33, plus 29.45% of the excess over $51,900.

Over $150,000 ............................... $40,046.78, plus 31% of the excess

over $150,000.

9 ‘‘(d) MARRIED INDIVIDUALS FILING SEPARATE RE10 TURNS.—There is hereby imposed on the taxable income

11 of every married individual (as defined in section 7703)

12 who does not make a single return jointly with his spouse

13 under section 6013, a tax determined in accordance with

14 the following table:

‘‘If taxable income is: The tax is:

Not over $17,900 .......................... 14.25% of taxable income.

Over $17,900 but not over

$43,250.

$2,550.75, plus 26.6% of the excess

over $17,900.

Over $43,250 but not over

$125,000.

$9,293.85, plus 29.45% of the excess

over $43,250.
4

•HR 1218 IH

‘‘If taxable income is: The tax is:

Over $125,000 ............................... $33,369.23, plus 31% of the excess

over $125,000.

1 ‘‘(e) ESTATES AND TRUSTS.—There is hereby im2 posed on the taxable income of—

3 ‘‘(1) every estate, and

4 ‘‘(2) every trust,

5 taxable under this subsection a tax determined in accord6 ance with the following table:

‘‘If taxable income is: The tax is:

Not over $3,000 ............................ 14.25% of taxable income.

Over $3,000 but not over $5,000 .. $427.50, plus 26.6% of the excess

over $3,000.

Over $5,000 but not over $9,000 .. $959.50, plus 29.45% of the excess

over $5,000.

Over $9,000 ................................... $2,137.50, plus 31% of the excess

over $9,000.’’

7 (b) CONFORMING AMENDMENTS.—

8 (1) Section 541 is amended by striking ‘‘28

9 percent’’ and inserting ‘‘31 percent’’.

10 (2)(A) Subsection (f) of section 1 is amended—

11 (i) by striking ‘‘1990’’ in paragraph (1)

12 and inserting ‘‘1992’’, and

13 (ii) by striking ‘‘1989’’ in paragraph

14 (3)(B) and inserting ‘‘1991’’.

15 (B) Subparagraph (B) of section 32(i)(1) is

16 amended by striking ‘‘1989’’ and inserting ‘‘1991’’.

17 (C) Subparagraph (C) of section 41(e)(5) is

18 amended by striking ‘‘1989’’ each place it appears

19 and inserting ‘‘1991’’.
5

•HR 1218 IH

1 (D) Subparagraph (B) of section 63(c)(4) is

2 amended by striking ‘‘1989’’ and inserting ‘‘1991’’.

3 (E) Subparagraph (B) of section 68(b)(2) is

4 amended by striking ‘‘1989’’ and inserting ‘‘1991’’.

5 (F) Clause (ii) of section 135(b)(2)(B) is

6 amended by inserting ‘‘, determined by substituting

7 ‘calendar year 1989’ for ‘calendar year 1991’ in sub8 paragraph (B) thereof’’ before the period at the end

9 thereof.

10 (G) Subparagraphs (A)(ii) and (B)(ii) of sec11 tion 151(d)(4) are each amended by striking ‘‘1989’’

12 and inserting ‘‘1991’’.

13 (H) Clause (ii) of section 513(h)(2)(C) is

14 amended by striking ‘‘1989’’ and inserting ‘‘1991’’.

15 (c) EFFECTIVE DATE.—The amendments made by

16 this section shall apply to taxable years beginning after

17 December 31, 1991.

18 TITLE II—INCENTIVE FOR PUR19 CHASE OF AMERICAN-MADE

20 PROPERTY

21 SEC. 201. DEDUCTION FOR GENERAL SALES TAXES ON

22 AMERICAN-MADE TANGIBLE PERSONAL

23 PROPERTY.

24 (a) IN GENERAL.—Subsection (a) of section 164 of

25 the Internal Revenue Code of 1986 (relating to deduction
6

•HR 1218 IH

1 for taxes) is amended is inserting after paragraph (5) the

2 following new paragraph:

3 ‘‘(6) State and local general sales taxes imposed

4 in respect of qualified sales at retail of American

5 made-property.’’

6 (b) DEFINITIONS.—Subsection (b) of section 164 of

7 such Code is amended by adding at the end thereof the

8 following new paragraph:

9 ‘‘(5) DEFINITIONS RELATING TO GENERAL

10 SALES TAXES.—For purposes of subsection (a)(6)—

11 ‘‘(A) QUALIFIED SALES.—The term ‘quali12 fied sale’ means any sale of property if the

13 price (including taxes and shipping (if any))

14 paid by the taxpayer for such property and all

15 other American-made property purchased with

16 such property in the same transaction exceeds

17 $500.

18 ‘‘(B) AMERICAN-MADE PROPERTY.—The

19 term ‘American-made property’ means tangible

20 personal property more than 50 percent of the

21 cost of which is attributable to value added in

22 the United States.’’

23 (c) EFFECTIVE DATE.—The amendments made by

24 this section shall apply to taxable years beginning after

25 the date of the enactment of this Act.
7

•HR 1218 IH

1 TITLE III—SURFACE

2 TRANSPORTATION PROGRAMS

3 SEC. 301. OBLIGATION CEILING.

4 Section 102 of the Intermodal Surface Transpor5 tation Efficiency Act of 1991 (23 U.S.C. 104 note; 105

6 Stat. 1916–1918) is repealed.

7 SEC. 302. AUTHORIZATION OF APPROPRIATIONS FOR HIGH8 WAY PROGRAMS.

9 Section 1003 of the Intermodal Surface Transpor10 tation Efficiency Act of 1991 (105 Stat. 1918–1922) is

11 amended—

12 (1) in paragraph (1) by striking

13 ‘‘$2,913,000,000’’ and all that follows through

14 ‘‘1997’’ and inserting ‘‘$7,284,000,000 for fiscal

15 year 1993, and $7,285,000,000 for fiscal year

16 1994’’;

17 (2) in paragraph (2) by striking

18 ‘‘$3,599,000,000’’ the first place it appears and all

19 that follows through ‘‘1997’’ and inserting

20 ‘‘$8,998,500,000 for fiscal year 1993, and

21 $8,998,500,000 for fiscal year 1994’’;

22 (3) in paragraph (3) by striking

23 ‘‘$4,096,000,000’’ the first place it appears and all

24 that follows through ‘‘1997’’ and inserting
8

•HR 1218 IH

1 ‘‘$10,241,000,000 for fiscal year 1993, and

2 $10,241,000,000 for fiscal year 1994’’;

3 (4) in paragraph (4) by striking

4 ‘‘$1,028,000,000’’ the first place it appears and all

5 that follows through ‘‘1997’’ and inserting

6 ‘‘$2,571,000,000 for fiscal year 1993, and

7 $2,571,000,000 for fiscal year 1994’’;

8 (5) in paragraph (5) by striking

9 ‘‘$2,762,000,000’’ the first place it appears and all

10 that follows through ‘‘1997’’ and inserting

11 ‘‘$6,906,000,000 for fiscal year 1993, and

12 $6,906,000,000 for fiscal year 1994’’;

13 (6) in paragraph (6)(A) by striking

14 ‘‘$191,000,000’’ and all that follows through

15 ‘‘1997’’ and inserting ‘‘$477,500,000 for each of fis16 cal years 1993 and 1994’’;

17 (7) in paragraph (6)(B) by striking

18 ‘‘$171,000,000’’ and all that follows through

19 ‘‘1997’’ and inserting ‘‘$428,500,000 for fiscal year

20 1993, and $428,500,000 for fiscal year 1994’’;

21 (8) in paragraph (6)(C) by striking

22 ‘‘$83,000,000’’ and all that follows through ‘‘1997’’

23 and inserting ‘‘$208,500,000 for fiscal year 1993,

24 and $208,500,000 for fiscal year 1994’’;
9

•HR 1218 IH

1 (9) in paragraph (7) by striking ‘‘$20,000,000’’

2 and all that follows through ‘‘1997’’ and inserting

3 ‘‘$50,000,000 for each of fiscal years 1993 and

4 1994’’; and

5 (10) in paragraph (8) by striking ‘‘each of’’ and

6 all that follows through ‘‘1997’’ and inserting ‘‘fiscal

7 year 1992 and $25,000,000 for each of fiscal years

8 1993 and 1994’’.

9 SEC. 303. BUDGET COMPLIANCE.

10 Sections 1003(c) and 1004 of the Intermodal Surface

11 Transportation Efficiency Act of 1991 (105 Stat. 1922–

12 1923) are repealed.

13 SEC. 304. NATIONAL DEFENSE HIGHWAYS LOCATED OUT14 SIDE THE UNITED STATES.

15 Section 1006(h)(2) of the Intermodal Surface Trans16 portation Efficiency Act of 1991 (23 U.S.C. 311 note; 105

17 Stat. 1927) is amended—

18 (1) by striking ‘‘$20,000,000’’ and inserting

19 ‘‘$40,000,000’’; and

20 (2) by striking ‘‘, 1994, 1995, and 1996’’ and

21 inserting ‘‘and 1994’’.

22 SEC. 305. SUBSTITUTE PROGRAM.

23 Section 103(e)(4)(G) of title 23, United States Code,

24 is amended by striking ‘‘$240,000,000 per fiscal year for

25 each of fiscal years 1992, 1993, 1994, and 1995’’ and in-
10

•HR 1218 IH

1 serting ‘‘$240,000,000 for fiscal year 1992, and

2 $360,000,000 per fiscal year for each of fiscal years 1993

3 and 1994’’.

4 SEC. 306. DONOR STATE BONUS AMOUNTS.

5 Section 1013(c)(1) of the Intermodal Surface Trans6 portation Efficiency Act of 1991 (23 U.S.C. 157 note; 105

7 Stat. 1940) is amended by striking subparagraphs (B),

8 (C), (D), (E), and (F) and inserting the following new

9 subparagraphs:

10 ‘‘(B) For fiscal year 1993 $1,285,000,000.

11 ‘‘(C) For fiscal year 1994

12 $1,285,000,000.’’.

13 SEC. 307. REIMBURSEMENTS FOR SEGMENTS OF THE

14 INTERSTATE SYSTEM CONSTRUCTED WITH15 OUT FEDERAL ASSISTANCE.

16 (a) IN GENERAL.—Section 160 of title 23, United

17 States Code, is amended in each of subsections (a) and

18 (f) by striking ‘‘1996 and 1997’’ and inserting ‘‘1993 and

19 1994’’.

20 (b) CONFORMING AMENDMENT.—Section 1014(c) of

21 the Intermodal Surface Transportation Efficiency Act of

22 1991 (105 Stat. 1942–1943) is amended—

23 (1) in paragraph (1) by striking ‘‘1996’’ each

24 place it appears and inserting ‘‘1993’’;
11

•HR 1218 IH

1 (2) in paragraph (2) by striking ‘‘1996 and

2 1997’’ each place it appears and inserting ‘‘1993

3 and 1994’’; and

4 (3) in paragraph (3) by striking ‘‘1996 and

5 1997’’ and inserting ‘‘1993 and 1994’’.

6 SEC. 308. APPORTIONMENT ADJUSTMENTS.

7 (a) HOLD HARMLESS.—Section 1015(a)(1) of the

8 Intermodal Surface Transportation Efficiency Act of 1991

9 (23 U.S.C. 104 note; 105 Stat. 1943) is amended by strik10 ing ‘‘1997’’ and inserting ‘‘1994’’.

11 (b) 90-PERCENT OF PAYMENT ADJUSTMENTS.—Sec12 tion 1015(b)(1) of such Act is amended by striking

13 ‘‘1997’’ and inserting ‘‘1994’’.

14 (c) ADDITIONAL ALLOCATION.—Section 1015(c) of

15 such Act is amended—

16 (1) by striking ‘‘$47,800,000’’ and inserting

17 ‘‘$119,500,000’’; and

18 (2) by striking ‘‘1997’’ and inserting ‘‘1994’’.

19 (d) AUTHORIZATION OF APPROPRIATIONS.—Section

20 1015(e) of such Act is amended by striking ‘‘1997’’ and

21 inserting ‘‘1994’’.

22 SEC. 309. SET ASIDE FOR 4R PROJECTS.

23 Section 118(c)(2)(A) of title 23, United States Code,

24 is amended by striking ‘‘, $64,000,000’’ and all that fol-
12

•HR 1218 IH

1 lows through ‘‘1997’’ and inserting ‘‘and $160,500,000

2 for each of fiscal years 1993 and 1994’’.

3 SEC. 310. DISCRETIONARY BRIDGE PROGRAM.

4 Section 144(g)(1) of title 23, United States Code, is

5 amended—

6 (1) by striking ‘‘1994, 1995, 1996, and 1997’’

7 and inserting ‘‘and 1994’’;

8 (2) by striking ‘‘, $68,000,000’’ and all that

9 follows through ‘‘1997’’ the second place it appears

10 and inserting ‘‘and $171,500,000 in the case of fis11 cal year 1993 and 1994’’;

12 (3) by striking ‘‘, $59,500,000 in the case of

13 fiscal years 1993 and 1994, and $60,500,000 in the

14 case of fiscal years 1995, 1996, and 1997’’ each

15 place it appears and inserting ‘‘and $150,250,000 in

16 the case of fiscal years 1993 and 1994’’; and

17 (4) by striking ‘‘$8,500,000’’ and inserting

18 ‘‘$21,250,000’’.

19 SEC. 311. NATIONAL HIGH-SPEED GROUND TRANSPOR20 TATION PROGRAMS.

21 Section 1036(d)(1) of the Intermodal Surface Trans22 portation Efficiency Act of 1991 (105 Stat. 1986) is

23 amended—

24 (1) in subparagraph (A) by striking

25 ‘‘$45,000,000’’ and all that follows through ‘‘1997’’
13

•HR 1218 IH

1 and inserting ‘‘$220,000,000 for fiscal year 1993,

2 and $275,000,000 for fiscal year 1994’’; and

3 (2) in subparagraph (B) by striking

4 ‘‘$5,000,000’’ and all that follows through ‘‘1997’’

5 and inserting ‘‘$12,500,000’’ for each of fiscal years

6 1993 and 1994’’.

7 SEC. 312. HIGHWAY TIMBER BRIDGE PROGRAM.

8 Section 1039(a) of the Intermodal Surface Transpor9 tation Efficiency Act of 1991 (23 U.S.C. 144 note; 105

10 Stat. 1991) is amended—

11 (1) by striking ‘‘1994, 1995, 1996, and 1997’’

12 and inserting ‘‘and 1994’’;

13 (2) by striking ‘‘$1,000,000’’ and inserting

14 ‘‘$2,500,000’’; and

15 (3) by striking ‘‘$7,500,000’’ and inserting

16 ‘‘$18,750,000’’.

17 SEC. 313. HIGHWAY USE TAX EVASION PROJECTS.

18 Section 1040(f)(1) of the Intermodal Surface Trans19 portation Efficiency Act of 1991 (23 U.S.C. 101 note; 105

20 Stat. 1992–1993) is amended by striking ‘‘$5,000,000’’

21 and all that follows through ‘‘1997’’ and inserting

22 ‘‘$12,500,000 for each of fiscal years 1993 and 1994’’.

23 SEC. 314. SCENIC BYWAYS PROGRAM.

24 Section 1047(d) of the Intermodal Surface Transpor25 tation Efficiency Act of 1991 (23 U.S.C. 101 note; 105
14

•HR 1218 IH

1 Stat. 1998) is amended by striking ‘‘$3,000,000’’ and all

2 that follows through ‘‘1997’’ and inserting ‘‘24,000,000

3 for fiscal year 1993, and $25,000,000 for fiscal year

4 1994’’.

5 SEC. 315. CONSTRUCTION OF FERRY BOATS AND FERRY

6 TERMINAL FACILITIES.

7 Section 1064(c) of the Intermodal Surface Transpor8 tation Efficiency Act of 1991 (23 U.S.C. 129 note; 105

9 Stat. 2005) is amended by striking ‘‘, $17,000,000’’ and

10 all that follows through ‘‘1997’’ and inserting ‘‘and

11 $43,000,000 per fiscal year for each of fiscal years 1993

12 and 1994’’.

13 SEC. 316. HIGHWAY SAFETY AUTHORIZATION OF APPRO14 PRIATIONS.

15 Section 2005 of the Intermodal Surface Transpor16 tation Efficiency Act of 1991 (105 Stat. 2079) is amend17 ed—

18 (1) in paragraph (1) by striking

19 ‘‘$171,000,000’’ and all that follows through

20 ‘‘1997’’ and inserting ‘‘$427,500,000 for each of fis21 cal years 1993 and 1994’’; and

22 (2) in paragraph (2) by striking ‘‘each of the

23 fiscal years 1992 through 1997’’ and inserting ‘‘for

24 fiscal year 1992 and $110,000,000 for each of fiscal

25 years 1993 and 1994’’.
15

•HR 1218 IH

1 SEC. 317. HIGHWAY SAFETY OBLIGATION CEILINGS.

2 Section 2009 of the Intermodal Surface Transpor3 tation Efficiency Act of 1991 (105 Stat. 2080) is amended

4 by striking subsections (a) and (b) and inserting the fol5 lowing:

6 ‘‘Sums authorized to be appropriated by this title and

7 the amendments made by this title shall not be subject

8 to any obligation limitation.’’.

9 SEC. 318. FEDERAL TRANSIT ACT AUTHORIZATIONS.

10 Section 21 of the Federal Transit Act (49 U.S.C.

11 App. 1617) is amended—

12 (1) in subsection (a)(1) by striking

13 ‘‘$1,150,000,000’’ the first place it appears and all

14 that follows through ‘‘1997’’ and inserting

15 ‘‘$3,240,000,000 for fiscal year 1993 and

16 $3,280,000,000 for fiscal year 1994’’; and

17 (2) in subsection (b)(1) by striking

18 ‘‘$1,725,000,000’’ the first place it appears and all

19 that follows through ‘‘1997’’ and inserting

20 ‘‘$4,860,000,000 for fiscal year 1993 and

21 $4,910,000,000 for fiscal year 1994’’.

22 SEC. 319. REDUCTION IN FEDERAL TRANSIT ACT AUTHOR23 IZATIONS FOR BUDGET COMPLIANCE.

24 Section 3038 of the Intermodal Surface Transpor25 tation Efficiency Act of 1991 (105 Stat. 2138) is repealed.
16

•HR 1218 IH

1 SEC. 320. MOTOR CARRIER SAFETY GRANT PROGRAM.

2 Section 404(a)(2) of the Surface Transportation As3 sistance Act of 1982 (49 U.S.C. App. 2304(a)(2)) is

4 amended by striking ‘‘$76,000,000’’ and all that follows

5 through ‘‘1997’’ and inserting ‘‘$205,000,000 for fiscal

6 year 1993, and $209,000,000 for fiscal year 1994’’.

7 SEC. 321. REPEAL OF ADJUSTMENT OF APPORTIONMENTS.

8 (a) IN GENERAL.—Section 9503 of the Internal Rev9 enue Code of 1986 (relating to Highway Trust Fund) is

10 amended by striking subsection (d) and by redesignating

11 subsection (e) as subsection (d).

12 (b) CONFORMING AMENDMENT.—Paragraph (1) of

13 section 9503(c) of such Code is amended by striking ‘‘sub14 section (e)’’ and inserting ‘‘subsection (d)’’.

15 (c) EFFECTIVE DATE.—The amendments made by

16 this section shall apply to fiscal years beginning after Sep17 tember 30, 1992.

18 TITLE IV—RELIEF FROM CREDIT

19 CRUNCH

20 SEC. 401. LOOSENING OF REQUIREMENTS ON LOAN LOSS

21 RESERVES ENCOURAGED.

22 (a) FINDINGS.—The Congress hereby finds that—

23 (1) the economy of the United States has been

24 in a sustained period of slow growth;
17

•HR 1218 IH

1 (2) credit for commercial and consumer loans

2 and leases has become more difficult to obtain over

3 the past three years, resulting in a ‘‘credit crunch’’;

4 (3) the banking industry has adopted a cautious

5 credit policy in response to the state of the economy

6 and the problems experienced by the savings and

7 loan industry;

8 (4) the Federal Reserve has lowered its reserve

9 requirements on member banks for both checking

10 and savings deposits over the past two years in an

11 effort to stimulate the economy, with only moderate

12 success; and

13 (5) the loosening of the requirements on loan

14 loss reserves by State banking authorities and the

15 appropriate Federal banking agencies, as that term

16 is defined in section 3(q) of the Federal Deposit In17 surance Act (12 U.S.C. 1813(q)), might help stimu18 late the economy.

19 (b) DECLARATION.—It is the sense of the Congress

20 that—

21 (1) the current ‘‘credit crunch’’ should be eased

22 by making it easier for businesses and individuals to

23 obtain loans and leases; and

24 (2) State banking authorities and the appro25 priate Federal banking agencies, as that term is de-
18

•HR 1218 IH

1 fined in section 3(q) of the Federal Deposit Insur2 ance Act (12 U.S.C. 1813(q)), should more sensibly

3 apply the requirements on loan loss reserves so as

4 not to punish or restrain responsible borrowers.

5 TITLE V—CAP ON FEDERAL

6 EMPLOYMENT

7 SEC. 501. CAP ON FEDERAL EMPLOYMENT.

8 (a) EMPLOYMENT CAP.—Notwithstanding any other

9 provision of law, the total number of individuals employed

10 by the Federal Government may not exceed the number

11 of individuals employed by the Federal Government on the

12 date of the enactment of this Act.

13 (b) RESCISSION OF APPROPRIATIONS.—Notwith14 standing any other provision of law, there are hereby re15 scinded all unobligated amounts that were appropriated

16 before the date of the enactment of this Act to pay salary,

17 wages, or benefits for a position in the employment of the

18 Federal Government that is not filled on that date.

19 TITLE VI—REDUCTION IN

20 FEDERAL OVERHEAD EXPENSES

21 SEC. 601. REDUCTION OF AMOUNTS AVAILABLE TO FED22 ERAL AGENCIES FOR PAYING OVERHEAD EX23 PENSES.

24 (a) RESCISSION OF APPROPRIATIONS.—Notwith25 standing any other provision of law, there is hereby re-
19

•HR 1218 IH

1 scinded an amount equal to 10 percent of all unobligated

2 amounts that were appropriated before the date of the en3 actment of this Act to pay overhead expenses of any Fed4 eral agency.

5 (b) REDUCTION IN AUTHORIZATIONS.—The amount

6 authorized to be appropriated for any fiscal year to pay

7 overhead expenses of any Federal agency is hereby re8 duced by 10 percent.

9 (c) OVERHEAD EXPENSES DEFINED.—For purposes

10 of this section, the term ‘‘overhead expenses’’ means any

11 expense incurred by a Federal agency, except—

12 (1) the payment of salaries and wages of em13 ployees of the agency; and

14 (2) direct spending (as that term is defined in

15 section 250 of the Balanced Budget and Emergency

16 Deficit Control Act of 1985).

Æ

HR 1218 IH——2