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[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 82 Introduced in House (IH)]

105th CONGRESS
  1st Session
H. CON. RES. 82

Establishing the congressional budget for the United States Government 
for fiscal year 1998 and setting forth appropriate budgetary levels for 
                fiscal years 1999, 2000, 2001, and 2002.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                              May 15, 1997

Mr. Brown of California submitted the following concurrent resolution; 
           which was referred to the Committee on the Budget

_______________________________________________________________________

                         CONCURRENT RESOLUTION

 
Establishing the congressional budget for the United States Government 
for fiscal year 1998 and setting forth appropriate budgetary levels for 
                fiscal years 1999, 2000, 2001, and 2002.

    Resolved by the House of Representatives (the Senate concurring), 

SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 1998.

    The Congress determines and declares that the concurrent resolution 
on the budget for fiscal year 1998 is hereby established and that the 
appropriate budgetary levels for fiscal years 1999 through 2002 are 
hereby set forth.

SEC. 2. RECOMMENDED LEVELS AND AMOUNTS.

    The following budgetary levels are appropriate for the fiscal years 
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 1998: $1,206,035,000,000.
                            Fiscal year 1999: $1,251,843,000,000.
                            Fiscal year 2000: $1,303,638,000,000.
                            Fiscal year 2001: $1,361,895,000,000.
                            Fiscal year 2002: $1,421,072,000,000.
                    (B) The amounts by which the aggregate levels of 
                Federal revenues should be changed are as follows:
                            Fiscal year 1998: $10,419,000,000.
                            Fiscal year 1999: $15,212,000,000.
                            Fiscal year 2000: $16,589,000,000.
                            Fiscal year 2001: $16,807,000,000.
                            Fiscal year 2002: $18,133,000,000.
            (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 1998: $1,392,730,000,000.
                    Fiscal year 1999: $1,448,751,000,000.
                    Fiscal year 2000: $1,500,328,000,000.
                    Fiscal year 2001: $1,535,090,000,000.
                    Fiscal year 2002: $1,582,693,000,000.
            (3) Budget outlays.--For purposes of the enforcement of 
        this resolution, the appropriate levels of total budget outlays 
        are as follows:
                    Fiscal year 1998: $1,358,584,000,000.
                    Fiscal year 1999: $1,422,994,000,000.
                    Fiscal year 2000: $1,480,134,000,000.
                    Fiscal year 2001: $1,495,092,000,000.
                    Fiscal year 2002: $1,544,270,000,000.
            (4) Deficits.--For purposes of the enforcement of this 
        resolution, the amounts of the deficits are as follows:
                    Fiscal year 1998: $142,130,000,000.
                    Fiscal year 1999: $155,939,000,000.
                    Fiscal year 2000: $159,907,000,000.
                    Fiscal year 2001: $116,390,000,000.
                    Fiscal year 2002: $105,065,000,000.
            (5) Public debt.--The appropriate levels of the public debt 
        are as follows:
                    Fiscal year 1998: $5,686,700,000,000.
                    Fiscal year 1999: $5,954,900,000,000.
                    Fiscal year 2000: $6,230,900,000,000.
                    Fiscal year 2001: $6,488,700,000,000.
                    Fiscal year 2002: $6,752,800,000,000.
            (6) Direct Loan Obligations.--The appropriate levels of 
        total new direct loan obligations are as follows:
                    Fiscal year 1998: $35,050,000,000.
                    Fiscal year 1999: $34,901,000,000.
                    Fiscal year 2000: $36,649,000,000.
                    Fiscal year 2001: $38,249,000,000.
                    Fiscal year 2002: $39,415,000,000.
            (7) Primary Loan Guarantee Commitments.--The appropriate 
        levels of new primary loan guarantee commitments are as 
        follows:
                    Fiscal year 1998: $315,472,000,000.
                    Fiscal year 1999: $324,749,000,000.
                    Fiscal year 2000: $328,124,000,000.
                    Fiscal year 2001: $332,063,000,000.
                    Fiscal year 2002: $335,141,000,000.

SEC. 3. 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 1998 through 
2002 for each major functional category are:
            (1) National Defense (050):
                    Fiscal year 1998:
                            (A) New budget authority, $262,267,000,000.
                            (B) Outlays, $259,255,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $588,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $262,354,000,000.
                            (B) Outlays, $261,353,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $757,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $262,505,000,000.
                            (B) Outlays, $265,423,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $1,050,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $262,528,000,000.
                            (B) Outlays, $257,287,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $1,050,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $262,552,000,000.
                            (B) Outlays, $259,471,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $1,050,000,000.
            (2) International Affairs (150):
                    Fiscal year 1998:
                            (A) New budget authority, $18,471,000,000.
                            (B) Outlays, $14,207,000,000.
                            (C) New direct loan obligations, 
                        $1,966,000,000.
                            (D) New primary loan guarantee commitments 
                        $12,751,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $15,317,000,000.
                            (B) Outlays, $14,795,000,000.
                            (C) New direct loan obligations, 
                        $2,021,000,000.
                            (D) New primary loan guarantee commitments 
                        $13,093,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $16,360,000,000.
                            (B) Outlays, $15,343,000,000.
                            (C) New direct loan obligations, 
                        $2,077,000,000.
                            (D) New primary loan guarantee commitments 
                        $13,434,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $16,603,000,000.
                            (B) Outlays, $14,991,000,000.
                            (C) New direct loan obligations, 
                        $2,122,000,000.
                            (D) New primary loan guarantee commitments 
                        $13,826,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $16,920,000,000.
                            (B) Outlays, $15,073,000,000.
                            (C) New direct loan obligations, 
                        $2,178,000,000.
                            (D) New primary loan guarantee commitments 
                        $14,217,000,000.
            (3) General Science, Space, and Technology (250):
                    Fiscal year 1998:
                            (A) New budget authority, $17,498,000,000.
                            (B) Outlays, $17,587,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $18,364,000,000.
                            (B) Outlays, $18,147,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $19,281,000,000.
                            (B) Outlays, $18,713,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $20,244,000,000.
                            (B) Outlays, $19,687,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $21,254,000,000.
                            (B) Outlays, $20,715,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
            (4) Energy (270):
                    Fiscal year 1998:
                            (A) New budget authority, $3,287,000,000.
                            (B) Outlays, $2,468,000,000.
                            (C) New direct loan obligations, 
                        $1,050,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $3,537,000,000.
                            (B) Outlays, $2,543,000,000.
                            (C) New direct loan obligations, 
                        $1,078,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $3,717,000,000.
                            (B) Outlays, $2,814,000,000.
                            (C) New direct loan obligations, 
                        $1,109,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $3,857,000,000.
                            (B) Outlays, $2,916,000,000.
                            (C) New direct loan obligations, 
                        $1,141,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $4,115,000,000.
                            (B) Outlays, $3,097,000,000.
                            (C) New direct loan obligations, 
                        $1,174,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
            (5) Natural Resources and Environment (300):
                    Fiscal year 1998:
                            (A) New budget authority, $23,410,000,000.
                            (B) Outlays, $21,899,000,000.
                            (C) New direct loan obligations, 
                        $30,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $23,253,000,000.
                            (B) Outlays, $22,604,000,000.
                            (C) New direct loan obligations, 
                        $32,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $23,503,000,000.
                            (B) Outlays, $23,253,000,000.
                            (C) New direct loan obligations, 
                        $32,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $23,449,000,000.
                            (B) Outlays, $23,518,000,000.
                            (C) New direct loan obligations, 
                        $34,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $23,540,000,000.
                            (B) Outlays, $23,527,000,000.
                            (C) New direct loan obligations, 
                        $34,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
            (6) Agriculture (350):
                    Fiscal year 1998:
                            (A) New budget authority, $13,319,000,000.
                            (B) Outlays, $11,990,000,000.
                            (C) New direct loan obligations, 
                        $9,620,000,000.
                            (D) New primary loan guarantee commitments 
                        $6,365,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $13,066,000,000.
                            (B) Outlays, $11,516,000,000.
                            (C) New direct loan obligations, 
                        $11,047,000,000.
                            (D) New primary loan guarantee commitments 
                        $6,436,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $12,567,000,000.
                            (B) Outlays, $10,978,000,000.
                            (C) New direct loan obligations, 
                        $11,071,000,000.
                            (D) New primary loan guarantee commitments 
                        $6,509,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $11,429,000,000.
                            (B) Outlays, $9,899,000,000.
                            (C) New direct loan obligations, 
                        $10,960,000,000.
                            (D) New primary loan guarantee commitments 
                        $6,583,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $11,232,000,000.
                            (B) Outlays, $9,630,000,000.
                            (C) New direct loan obligations, 
                        $10,965,000,000.
                            (D) New primary loan guarantee commitments 
                        $6,660,000,000.
            (7) Commerce and Housing Credit (370):
                    Fiscal year 1998:
                            (A) New budget authority, $6,824,000,000.
                            (B) Outlays, -$728,000,000.
                            (C) New direct loan obligations, 
                        $5,960,000,000.
                            (D) New primary loan guarantee commitments 
                        $245,500,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $11,317,000,000.
                            (B) Outlays, $4,507,000,000.
                            (C) New direct loan obligations, 
                        $3,410,000,000.
                            (D) New primary loan guarantee commitments 
                        $253,450,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $15,488,000,000.
                            (B) Outlays, $10,092,000,000.
                            (C) New direct loan obligations, 
                        $4,112,000,000.
                            (D) New primary loan guarantee commitments 
                        $255,200,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $16,326,000,000.
                            (B) Outlays, $12,364,000,000.
                            (C) New direct loan obligations, 
                        $4,784,000,000.
                            (D) New primary loan guarantee commitments 
                        $257,989,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $16,942,000,000.
                            (B) Outlays, $12,781,000,000.
                            (C) New direct loan obligations, 
                        $4,996,000,000.
                            (D) New primary loan guarantee commitments 
                        $259,897,000,000.
            (8) Transportation (400):
                    Fiscal year 1998:
                            (A) New budget authority, $50,846,000,000.
                            (B) Outlays, $40,962,000,000.
                            (C) New direct loan obligations, 
                        $155,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $54,715,000,000.
                            (B) Outlays, $43,317,000,000.
                            (C) New direct loan obligations, 
                        $135,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $56,172,000,000.
                            (B) Outlays, $45,600,000.
                            (C) New direct loan obligations, 
                        $15,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $57,373,000,000.
                            (B) Outlays, $46,552,000,000.
                            (C) New direct loan obligations, 
                        $15,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $58,598,000,000.
                            (B) Outlays, $47,130,000,000.
                            (C) New direct loan obligations, 
                        $15,000,000.
                            (D) New primary loan guarantee commitments 
                        $0.
            (9) Community and Regional Development (450):
                    Fiscal year 1998:
                            (A) New budget authority, $17,269,000,000.
                            (B) Outlays, $11,417,000,000.
                            (C) New direct loan obligations, 
                        $2,867,000,000.
                            (D) New primary loan guarantee commitments 
                        $2,385,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $8,678,000,000.
                            (B) Outlays, $11,997,000,000.
                            (C) New direct loan obligations, 
                        $2,943,000,000.
                            (D) New primary loan guarantee commitments 
                        $2,406,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $8,108,000,000.
                            (B) Outlays, $11,670,000,000.
                            (C) New direct loan obligations, 
                        $3,020,000,000.
                            (D) New primary loan guarantee commitments 
                        $2,429,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $8,114,000,000.
                            (B) Outlays, $11,717,000,000.
                            (C) New direct loan obligations, 
                        $3,098,000,000.
                            (D) New primary loan guarantee commitments 
                        $2,452,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $8,215,000,000.
                            (B) Outlays, $8,845,000,000.
                            (C) New direct loan obligations, 
                        $3,180,000,000.
                            (D) New primary loan guarantee commitments 
                        $2,475,000,000.
            (10) Education, Training, Employment, and Social Services 
        (500):
                    Fiscal year 1998:
                            (A) New budget authority, $60,011,000,000.
                            (B) Outlays, $56,273,000,000.
                            (C) New direct loan obligations, 
                        $12,328,000,000.
                            (D) New primary loan guarantee commitments 
                        $20,665,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $61,143,000,000.
                            (B) Outlays, $59,848,000,000.
                            (C) New direct loan obligations, 
                        $13,092,000,000.
                            (D) New primary loan guarantee commitments 
                        $21,899,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $62,508,000,000.
                            (B) Outlays, $61,352,000,000.
                            (C) New direct loan obligations, 
                        $13,926,000,000.
                            (D) New primary loan guarantee commitments 
                        $23,263,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $64,090,000,000.
                            (B) Outlays, $62,780,000,000.
                            (C) New direct loan obligations, 
                        $14,701,000,000.
                            (D) New primary loan guarantee commitments 
                        $24,517,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $65,603,000,000.
                            (B) Outlays, $64,401,000,000.
                            (C) New direct loan obligations, 
                        $15,426,000,000.
                            (D) New primary loan guarantee commitments 
                        $25,676,000,000.
            (11) Health (550):
                    Fiscal year 1998:
                            (A) New budget authority, $135,308,000,000.
                            (B) Outlays, $135,055,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $85,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $144,365,000,000.
                            (B) Outlays, $143,871,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $154,728,000,000.
                            (B) Outlays, $153,938,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $165,730,000,000.
                            (B) Outlays, $164,816,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $177,877,000,000.
                            (B) Outlays, $176,816,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
            (12) Medicare (570):
                    Fiscal year 1998:
                            (A) New budget authority, $205,310,000,000.
                            (B) Outlays, $200,350,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $219,430,000,000.
                            (B) Outlays, $212,640,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $232,828,000,000.
                            (B) Outlays, $225,857,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $249,027,000,000.
                            (B) Outlays, $234,765,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $265,828,000,000.
                            (B) Outlays, $254,365,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
            (13) Income Security (600):
                    Fiscal year 1998:
                            (A) New budget authority, $236,956,000,000.
                            (B) Outlays, $246,922,000,000.
                            (C) New direct loan obligations, 
                        $45,000,000.
                            (D) New primary loan guarantee commitments 
                        $37,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $254,293,000,000.
                            (B) Outlays, $257,304,000,000.
                            (C) New direct loan obligations, 
                        $75,000,000.
                            (D) New primary loan guarantee commitments 
                        $37,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $270,810,000,000.
                            (B) Outlays, $272,008,000,000.
                            (C) New direct loan obligations, 
                        $110,000,000.
                            (D) New primary loan guarantee commitments 
                        $37,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $277,236,000,000.
                            (B) Outlays, $276,973,000,000.
                            (C) New direct loan obligations, 
                        $145,000,000.
                            (D) New primary loan guarantee commitments 
                        $37,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $290,973,000,000.
                            (B) Outlays, $289,943,000,000.
                            (C) New direct loan obligations, 
                        $170,000,000.
                            (D) New primary loan guarantee commitments 
                        $37,000,000.
            (14) Social Security (650):
                    Fiscal year 1998:
                            (A) New budget authority, $8,179,000,000.
                            (B) Outlays, $8,179,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $8,865,000,000.
                            (B) Outlays, $8,865,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $9,622,000,000.
                            (B) Outlays, $9,622,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $9,879,000,000.
                            (B) Outlays, $9,879,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $11,272,000,000.
                            (B) Outlays, $11,272,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
            (15) Veterans Benefits and Services (700):
                    Fiscal year 1998:
                            (A) New budget authority, $40,462,000,000.
                            (B) Outlays, $41,112,000,000.
                            (C) New direct loan obligations, 
                        $1,029,000,000.
                            (D) New primary loan guarantee commitments 
                        $27,096,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $41,918,000,000.
                            (B) Outlays, $42,055,000,000.
                            (C) New direct loan obligations, 
                        $1,068,000,000.
                            (D) New primary loan guarantee commitments 
                        $26,671,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $42,385,000,000.
                            (B) Outlays, $44,220,000,000.
                            (C) New direct loan obligations, 
                        $1,177,000,000.
                            (D) New primary loan guarantee commitments 
                        $26,202,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $42,826,000,000.
                            (B) Outlays, $41,076,000,000.
                            (C) New direct loan obligations, 
                        $1,249,000,000.
                            (D) New primary loan guarantee commitments 
                        $25,609,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $43,289,000,000.
                            (B) Outlays, $43,349,000,000.
                            (C) New direct loan obligations, 
                        $1,277,000,000.
                            (D) New primary loan guarantee commitments 
                        $25,129,000,000.
            (16) Administration of Justice (750):
                    Fiscal year 1998:
                            (A) New budget authority, $22,360,000,000.
                            (B) Outlays, $20,620,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $22,325,000,000.
                            (B) Outlays, $21,834,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $24,691,000,000.
                            (B) Outlays, $24,058,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $25,060,000,000.
                            (B) Outlays, $24,656,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $25,708,000,000.
                            (B) Outlays, $25,322,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
            (17) General Government (800):
                    Fiscal year 1998:
                            (A) New budget authority, $13,089,000,000.
                            (B) Outlays, $13,151,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $13,121,000,000.
                            (B) Outlays, $13,108,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $13,162,000,000.
                            (B) Outlays, $13,300,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $13,206,000,000.
                            (B) Outlays, $13,100,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $13,277,000,000.
                            (B) Outlays, $13,036,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
            (18) Net Interest (900):
                    Fiscal year 1998:
                            (A) New budget authority, $295,741,000,000.
                            (B) Outlays, $295,741,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $302,183,000,000.
                            (B) Outlays, $302,183,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $301,113,000,000.
                            (B) Outlays, $301,113,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $298,020,000,000.
                            (B) Outlays, $298,020,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $296,583,000,000.
                            (B) Outlays, $296,583,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
            (19) Allowances (920):
                    Fiscal year 1998:
                            (A) New budget authority, $0.
                            (B) Outlays, $0.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, $0.
                            (B) Outlays, $0.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, $0.
                            (B) Outlays, $0.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, $0.
                            (B) Outlays, $0.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, $0.
                            (B) Outlays, $0.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
            (20) Undistributed Offsetting Receipts (950):
                    Fiscal year 1998:
                            (A) New budget authority, -$41,244,000,000.
                            (B) Outlays, -$41,244,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 1999:
                            (A) New budget authority, -$32,858,000,000.
                            (B) Outlays, -$232,858,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2000:
                            (A) New budget authority, -$32,516,000,000.
                            (B) Outlays, -$32,516,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2001:
                            (A) New budget authority, -$33,143,000,000.
                            (B) Outlays, -$33,143,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.
                    Fiscal year 2002:
                            (A) New budget authority, -$34,327,000,000.
                            (B) Outlays, -$34,327,000,000.
                            (C) New direct loan obligations, $0.
                            (D) New primary loan guarantee commitments 
                        $0.

SEC. 4. INVESTMENTS.

    The Congress determines and declares that the appropriate levels of 
new budget authority and budget outlays for Federal investments for 
fiscal years 1998 through 2002 for each major functional category are:
            (1) National Defense (050)--for subfunction 051 for 
        Research, Development, Test, and Evaluation:
                    Fiscal year 1998:
                            (A) New budget authority, $35,934,000,000.
                            (B) Budget outlays, $36,645,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $35,044,000,000.
                            (B) Budget outlays, $35,152,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $35,044,000,000.
                            (B) Budget outlays, $34,666,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $35,044,000,000.
                            (B) Budget outlays, $34,738,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $35,044,000,000.
                            (B) Budget outlays, $34,950,000,000.
            (2) General Science, Space, and Technology (250)--for 
        subfunctions 251 and 252 for General Science, Space and 
        Technology programs:
                    Fiscal year 1998:
                            (A) New budget authority, $17,460,000,000.
                            (B) Budget outlays, $17,040,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $18,333,000,000.
                            (B) Budget outlays, $17,838,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $19,250,000,000.
                            (B) Budget outlays, $18,599,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $20,213,000,000.
                            (B) Budget outlays, $19,512,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $21,223,000,000.
                            (B) Budget outlays, $20,534,000,000.
            (3) Energy (270)--for subfunction 271 for Energy Supply 
        Research and Development, and subfunction 272 for Energy 
        Conservation--
                    Fiscal year 1998:
                            (A) New budget authority, $3,937,000,000.
                            (B) Budget outlays, $4,148,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $4,134,000,000.
                            (B) Budget outlays, $4,180,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $4,340,000,000.
                            (B) Budget outlays, $4,328,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $4,557,000,000.
                            (B) Budget outlays, $4,464,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $4,785,000,000.
                            (B) Budget outlays, $4,655,000,000.
            (4) Natural Resources and Environment (300)--for 
        subfunction 304 for Regulatory, Enforcement, and Research 
        Programs and Hazardous Substance Superfund, and subfunction 306 
        Other Natural Resources:
                    Fiscal year 1998:
                            (A) New budget authority, $10,538,000,000.
                            (B) Budget outlays, $9,527,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $10,742,000,000.
                            (B) Budget outlays, $10,013,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $10,816,000,000.
                            (B) Budget outlays, $10,553,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $10,859,000,000.
                            (B) Budget outlays, $10,825,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $10,943,000,000.
                            (B) Budget outlays, $10,889,000,000.
            (5) Agriculture (350)--for subfunction 352 for Research 
        Programs:
                    Fiscal year 1998:
                            (A) New budget authority, $1,339,000,000.
                            (B) Outlays, $1,351,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $1,406,000,000.
                            (B) Outlays, $1,449,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $1,476,000,000.
                            (B) Outlays, $1,506,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $1,550,000,000.
                            (B) Outlays, $1,556,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $1,627,000,000.
                            (B) Outlays, $1,603,000,000.
            (6) Commerce and Housing Credit (370)--for subfunction 376 
        for Science and Technology:
                    Fiscal year 1998:
                            (A) New budget authority, $720,000,000.
                            (B) Outlays, $680,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $762,000,000.
                            (B) Outlays, $703,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $800,000,000.
                            (B) Outlays, $752,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $851,000,000.
                            (B) Outlays, $787,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $937,000,000.
                            (B) Outlays, $818,000,000.
            (7) Transportation (400)--for subfunction 401 Ground 
        Transportation, subfunction 402 for Air Transportation, and 
        subfunction 403 for Water Transportation:
                    Fiscal year 1998:
                            (A) New budget authority, $44,491,000,000.
                            (B) Outlays, $37,419,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $48,500,000,000.
                            (B) Outlays, $40,641,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $48,900,000,000.
                            (B) Outlays, $43,211,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $49,100,000,000.
                            (B) Outlays, $44,283,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $49,300,000,000.
                            (B) Outlays, $45,078,000,000.
            (8) Community and Regional Development (450)--for 
        subfunction 452 for Rural Development and Economic Development 
        Assistance:
                    Fiscal year 1998:
                            (A) New budget authority, $1,279,000,000.
                            (B) Outlays, $1,259,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $1,276,000,000.
                            (B) Outlays, $1,222,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $1,276,000,000.
                            (B) Outlays, $1,205,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $1,276,000,000.
                            (B) Outlays, $1,253,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $1,276,000,000.
                            (B) Outlays, $1,258,000,000.
            (9) Education, Training, Employment, and Social Services 
        (500)--for subfunctions 501, 502, 503, 504, and 506 National 
        Service Initiative, Rehabilitation Services, and Children and 
        Families Services Program:
                    Fiscal year 1998:
                            (A) New budget authority, $44,059,000,000.
                            (B) Outlays, $40,656,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $45,067,000,000.
                            (B) Outlays, $44,314,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $46,112,000,000.
                            (B) Outlays, $45,295,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $47,124,000,000.
                            (B) Outlays, $46,206,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $48,007,000,000.
                            (B) Outlays, $47,196,000,000.
            (10) Health (550)--for subfunction 552 for Health Research 
        and Training:
                    Fiscal year 1998:
                            (A) New budget authority, $13,500,000,000.
                            (B) Outlays, $13,299,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $14,175,000,000.
                            (B) Outlays, $13,771,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $14,884,000,000.
                            (B) Outlays, $14,371,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $15,628,000,000.
                            (B) Outlays, $15,043,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $16,409,000,000.
                            (B) Outlays, $15,783,000,000.
            (11) Income Security (600)--for subfunction 605 for Food 
        and Nutrition Assistance:
                    Fiscal year 1998:
                            (A) New budget authority, $4,618,000,000.
                            (B) Outlays, $4,506,000,000.
                    Fiscal year 1999:
                            (A) New budget authority, $4,636,000,000.
                            (B) Outlays, $4,627,000,000.
                    Fiscal year 2000:
                            (A) New budget authority, $4,734,000,000.
                            (B) Outlays, $4,727,000,000.
                    Fiscal year 2001:
                            (A) New budget authority, $4,834,000,000.
                            (B) Outlays, $4,827,000,000.
                    Fiscal year 2002:
                            (A) New budget authority, $4,948,000,000.
                            (B) Outlays, $4,940,000,000.

SEC. 5. RECONCILIATION.

    (a) Submissions.--Not later than June 30, 1997, the House 
committees named in subsections (b) and (c) 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.
    (b) House Committees.--
            (1) Committee on commerce.--The House Committee on Commerce 
        shall report changes in laws within its jurisdiction that 
        provide direct spending sufficient to reduce outlays as 
        follows: $7,900,000,000 in outlays for fiscal year 1998, 
        $36,500,000,000 in outlays for fiscal year 2002, and 
        $115,700,000,000 in outlays in fiscal years 1998 through 2002.
            (2) Committee on ways and means.--(A) The House Committee 
        on Ways and Means shall report changes in laws within its 
        jurisdiction that provide direct spending sufficient to reduce 
        outlays as follows: $7,900,000,000 in outlays for fiscal year 
        1998, $36,500,000,000 in outlays for fiscal year 2002, and 
        $115,700,000,000 in outlays in fiscal years 1998 through 2002.
            (B) 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 is increased by: 
        $10,419,000,000 in revenues for fiscal year 1998, 
        $18,133,000,000 in revenues for fiscal year 2002, and 
        $77,160,000,000 in revenues in fiscal years 1998 through 2002.
    (c) Investment Trust Fund.--The House Committee on Ways and Means 
shall report changes in laws within its jurisdiction that provide for 
the establishment of a separate account in the Treasury known as the 
``Investment Trust Fund'' into which shall be transferred revenues 
realized by the acution of spectrum allocations by the Federal 
Communications Commission and, further, provide that amounts in that 
fund shall be used exclusively for programs assumed under section 4.
    (d) Definition.--For purposes of this section, 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.

SEC. 6. COMMITEE ALLOCATIONS.

    Upon the adoption of this resolution, the Committee on the Budget 
of the House of Representatives and the Committee on the Budget of the 
Senate shall each make separate allocations to the appropriate 
committees of its House of Congress of total new budget authority and 
total budget outlays for each fiscal year covered by this resolution to 
carry out section 4. For all purposes of the Congressional Budget Act 
of 1974, those allocations shall be deemed to be made pursuant to 
section 302(a) and section 602(a) of that Act, as applicable.

SEC. 7. SENSE OF CONGRESS REGARDING BUDGET TRENDS.

    It is the sense of Congress that the increasing portion of the 
Federal budget absorbed by interest payments and consumption programs, 
particularly health spending, has led to a declining level of 
domestically financed investment and may adversely impact the ability 
of the economy to grow at the levels needed to provide for future 
generations.

SEC. 8. SENSE OF CONGRESS REGARDING THE NEED TO MAINTAIN FEDERAL 
              INVESTMENTS.

    It is the sense of Congress that a balanced program to improve the 
economy should be based on the concurrent goals of eliminating the 
deficit and maintaining Federal investment in programs that enhance 
long-term productivity such as research and development, education and 
training, and physical infrastructure improvements.

SEC. 9. SENSE OF CONGRESS REGARDING THE TREATMENT OF FEDERAL 
              INVESTMENTS WITHIN THE BUDGET.

    It is the sense of Congress that the current budget structure 
focuses primarily on short-term spending and does not highlight for 
decision making purposes the differences between Federal spending for 
long-term investment and that for current consumption. In order to 
restructure the Federal budget to make such a distinction, it is 
necessary to identify an investment component in the Federal budget and 
establish specific budgetary targets for such investments.
                                 <all>
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