HCON 290 RFS
(A) 
New 
budget 
authority,
$284,600,000,000.
(B) Outlays, $284,600,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$288,500,000,000.
(B) Outlays, $288,500,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$290,000,000,000.
(B) Outlays, $290,000,000,000.
Fiscal year 2003:
(A) 
New 
budget 
authority,
$285,700,000,000.
(B) Outlays, $285,700,000,000.
Fiscal year 2004:
(A) 
New 
budget 
authority,
$280,900,000,000.
(B) Outlays, $280,900,000,000.
Fiscal year 2005:
(A) 
New 
budget 
authority,
$275,400,000,000.
(B) Outlays, $275,400,000,000.
(19) Allowances (920):
Fiscal year 2000:
HCON 290 RFS
(A) 
New 
budget 
authority,
$8,500,000,000.
(B) Outlays, $11,500,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
¥$4,700,000,000.
(B) Outlays, ¥$8,700,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
¥$2,100,000,000.
(B) Outlays, ¥$1,000,000,000.
Fiscal year 2003:
(A) 
New 
budget 
authority,
¥$2,600,000,000.
(B) Outlays, ¥$2,200,000,000.
Fiscal year 2004:
(A) 
New 
budget 
authority,
¥$4,300,000,000.
(B) Outlays, ¥$4,000,000,000.
Fiscal year 2005:
(A) 
New 
budget 
authority,
¥$4,400,000,000.
(B) Outlays, ¥$4,300,000,000.
(20) Undistributed Offsetting Receipts (950):
Fiscal year 2000:
HCON 290 RFS
(A) 
New 
budget 
authority,
¥$34,100,000,000.
(B) Outlays, ¥$34,100,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
¥$38,400,000,000.
(B) Outlays, ¥$38,400,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
¥$41,300,000,000.
(B) Outlays, ¥$41,300,000,000.
Fiscal year 2003:
(A) 
New 
budget 
authority,
¥$40,700,000,000.
(B) Outlays, ¥$40,700,000,000.
Fiscal year 2004:
(A) 
New 
budget 
authority,
¥$38,100,000,000.
(B) Outlays, ¥$38,100,000,000.
Fiscal year 2005:
(A) 
New 
budget 
authority,
¥$39,200,000,000.
(B) Outlays, ¥$39,200,000,000.
HCON 290 RFS
SEC. 4. RECONCILIATION.
(a) LEGISLATION PROVIDING $150 BILLION IN TAX
RELIEF OVER A 5-YEAR PERIOD.—The House Committee
on Ways and Means shall report to the House a reconcili-
ation bill—
(1) not later than May 26, 2000;
(2) not later than June 23, 2000;
(3) not later than July 28, 2000; and
(4) not later than September 22, 2000,
that consists of changes in laws within its jurisdiction suf-
ficient to reduce the total level of revenues by not more
than: $10,000,000,000 for fiscal year 2001, and
$150,000,000,000 for the period of fiscal years 2001
through 2005.
(b) SUBMISSIONS REGARDING DEBT HELD BY THE
PUBLIC.—The House Committee on Ways and Means
shall report to the House a reconciliation bill—
(1) not later than May 26, 2000, that consists
of changes in laws within its jurisdiction sufficient
to reduce the debt held by the public by
$10,000,000,000 for fiscal year 2001; and
(2) not later than September 22, 2000, that
consists of changes in laws within its jurisdiction
sufficient to reduce the debt held by the public by
not more than $20,000,000,000 for fiscal year 2001.
HCON 290 RFS
SEC. 5. LOCK-BOX FOR SOCIAL SECURITY SURPLUSES.
(a) FINDINGS.—Congress finds that—
(1) under the Budget Enforcement Act of 1990,
the Social Security trust funds are off-budget for
purposes of the President’s budget submission and
the concurrent resolution on the budget;
(2) the Social Security trust funds have been
running surpluses for 17 years;
(3) these surpluses have been used to implicitly
finance the general operations of the Federal Gov-
ernment;
(4) in fiscal year 2001, the Social Security sur-
plus will be $166 billion;
(5) this resolution balances the Federal budget
without counting the Social Security surpluses;
(6) the only way to ensure that Social Security
surpluses are not diverted for other purposes is to
balance the budget exclusive of such surpluses; and
(7) Congress and the President should take
such steps as are necessary to ensure that future
budgets are balanced excluding the surpluses gen-
erated by the Social Security trust funds.
(b) POINT OF ORDER.—
(1) IN GENERAL.—It shall not be in order in
the House of Representatives or the Senate to con-
sider any revision to this resolution or a concurrent
HCON 290 RFS
resolution on the budget for fiscal year 2002, or any
amendment thereto or conference report thereon,
that sets forth a deficit for any fiscal year.
(2) DEFICIT
LEVELS.—For purposes of this
subsection, a deficit shall be the level (if any) set
forth in the most recently agreed to concurrent reso-
lution on the budget for that fiscal year pursuant to
section 301(a)(3) of the Congressional Budget Act
of 1974.
(c) SENSE OF THE CONGRESS.—It is the sense of the
Congress that legislation should be enacted in this session
of Congress that would enforce the reduction in debt held
by the public assumed in this resolution by the imposition
of a statutory limit on such debt or other appropriate
means.
SEC. 6. DEBT REDUCTION LOCK-BOX.
(a) POINT OF ORDER.—It shall not be in order in
the House of Representatives or the Senate to consider
any reported bill or joint resolution, or any amendment
thereto or conference report thereon, that would cause a
surplus for fiscal year 2001 to be less than the level (as
adjusted for reconciliation or other tax-related legislation,
Medicare, or agriculture as considered pursuant to section
4, 7, 8(a) or (c), 9, 10, 11, or 12) set forth in section
2(4) for that fiscal year.