(b) PURPOSE.—This Act extends and reduces the dis-
cretionary spending limits and extends the pay-as-you-go
requirements.
SEC. 2. DISCRETIONARY SPENDING LIMITS.
(a) LIMITS.—Section 601(a)(2) of the Congressional
Budget Act of 1974 is amended by striking subparagraphs
(A), (B), (C), (D), and (F), by redesignating subpara-
graph (E) as subparagraph (A) and by striking ‘‘and’’ at
the end of that subparagraph, and by inserting after sub-
paragraph (A) the following new subparagraphs:
‘‘(B) with respect to fiscal year 1996, for
the discretionary category: $llll in new
budget authority and $llll in outlays;
‘‘(C) with respect to fiscal year 1997, for
the discretionary category: $llll in new
budget authority and $llll in outlays;
‘‘(D) with respect to fiscal year 1998, for
the discretionary category: $llll in new
budget authority and $llll in outlays;
‘‘(E) with respect to fiscal year 1999, for
the discretionary category: $llll in new
budget authority and $llll in outlays;
‘‘(F) with respect to fiscal year 2000, for
the discretionary category: $llll in new
budget authority and $llll in outlays;
‘‘(G) with respect to fiscal year 2001, for
the discretionary category: $llll in new
budget authority and $llll in outlays;
and
‘‘(H) with respect to fiscal year 2002, for
the discretionary category: $llll in new
budget authority and $llll in outlays;’’.
(b) COMMITTEE
ALLOCATIONS
AND
ENFORCE-
MENT.—Section 602 of the Congressional Budget Act of
1974 is amended—
(1) in subsection (c), by striking ‘‘1995’’ and
inserting ‘‘2002’’ and by striking its last sentence;
and
(2) in subsection (d), by striking ‘‘1992 TO
1995’’ in the side heading and inserting ‘‘1996 TO
2002’’ and by striking ‘‘1992 through 1995’’ and in-
serting ‘‘1996 through 2002’’.
(c) TERM OF BUDGET RESOLUTIONS.—Section 606
of the Congressional Budget Act of 1974 is amended—
(1) in the sideheading of subsection (a), by
striking ‘‘5-YEAR’’ and inserting ‘‘TERM OF’’;
(2) in subsection (a), by striking ‘‘1992, 1993,
1994, or 1995’’ and inserting ‘‘1996 or any fiscal
year thereafter through 2002’’ and by inserting ‘‘at
least’’ before ‘‘each’’; and
(3) in subsection (d)(1), by striking ‘‘1992,
1993, 1994, and 1995’’ and inserting ‘‘1996 or any
fiscal year thereafter through 2002’’, and by striking
‘‘(i) and (ii)’’.
(d) EFFECTIVE DATE.—Section 607 of the Congres-
sional Budget Act of 1974 is amended by striking ‘‘1991
to 1998’’ and inserting ‘‘1996 to 2002’’.
(e) SEQUESTRATION REGARDING VIOLENT CRIME
REDUCTION TRUST FUND.—(1) Section 251A(b)(1) of
the Balanced Budget and Emergency Deficit Control Act
of 1985 is amended by striking subparagraphs (B), (C),
and (D) and its last sentence and inserting the following:
‘‘(B) For fiscal year 1996, $lll.
‘‘(C) For fiscal year 1997, $lll.
‘‘(D) For fiscal year 1998, $lll.
‘‘(E) For fiscal year 1999, $lll.
‘‘(F) For fiscal year 2000, $lll.’’.
(2) Section 310002 of the Violent Crime Control and
Law Enforcement Act of 1994 (42 U.S.C. 14212) is re-
pealed.
SEC. 3. GENERAL STATEMENT AND DEFINITIONS.
(a) GENERAL STATEMENT.—Section 250(b) of the
Balanced Budget and Emergency Deficit Control Act of
1985 is amended by striking the first sentence and insert-
ing the following: ‘‘This part provides for the enforcement
of deficit reduction by reducing and extending the discre-
tionary spending limits though fiscal year 2002 and per-
manently extending pay-as-you-go requirements.’’.
(b) DEFINITIONS.—Section 250(c) of the Balanced
Budget and Emergency Deficit Control Act of 1985 is
amended—
(1) by striking paragraph (4) and inserting the
following:
‘‘(4) The term ‘category’ means—
‘‘(A) For fiscal years 1996 through 2000,
all discretionary appropriations except those
subject to section 251A; and
‘‘(B) For fiscal year 2001 and any subse-
quent fiscal year, all discretionary appropria-
tions.’’;
(2) by striking paragraph (6) and inserting the
following:
‘‘(6) The term ‘budgetary resources’ means new
budget authority, unobligated balances, direct spend-
ing authority, and obligation limitations.’’;
(3) in paragraph (9), by striking ‘‘1992’’ and
inserting ‘‘1996’’; and
(4) in paragraph (14), by striking ‘‘through fis-
cal year 1995’’.