IB
104TH CONGRESS
1ST SESSION
H. R. 1162
[Report No. 104–205, Part 1]
To establish a Deficit Reduction Trust Fund and provide for the downward
adjustment of discretionary spending limits in appropriation bills.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 1995
Mr. CRAPO (for himself, Ms. HARMAN, Mr. HASTERT, Mr. SCHUMER, Mrs.
MORELLA, Mr. BREWSTER, Mr. SHAYS, Mr. EDWARDS, Mr. INGLIS of
South Carolina, Mr. STENHOLM, Mr. KASICH, Ms. MOLINARI, Ms. DUNN
of Washington, Mr. ACKERMAN, Mr. FROST, Mr. KLUG, Mr. WELDON of
Pennsylvania, Mr. WELLER, Mr. MEEHAN, Mr. MINGE, Mr. POSHARD,
Mr. HANCOCK, Mr. LIPINSKI, Mr. ORTON, Ms. ESHOO, Mr. CASTLE,
Mrs. LINCOLN, Mr. GREENWOOD, Mr. BURTON
of Indiana, Mrs.
WALDHOLTZ, Mr. BEREUTER, Mr. BARRETT of Wisconsin, Mr. BUYER,
Mr. BROWDER, Mr. BURR, Mr. DEAL of Georgia, Mr. NEUMANN, and
Mr. BROWN of Ohio) introduced the following bill; which was referred to
the Committee on the Budget, and in addition to the Committees on Gov-
ernment Reform and Oversight and Rules, for a period to be subsequently
determined by the Speaker, in each case for consideration of such provi-
sions as fall within the jurisdiction of the committee concerned
JULY 25, 1995
Additional sponsors: Mr. PORTMAN, Mr. MCHALE, Mr. FOLEY, Mr. WELDON
of Florida, Mr. MILLER of Florida, Mr. WYNN, Mr. BENTSEN, Mr. LU-
THER, Mr. QUINN, Mr. TANNER, Mr. MARTINI, Mr. HERGER, Mr. FOX
of Pennsylvania, Mr. UPTON, Mr. COOLEY, Mr. ZIMMER, Mr. HOEKSTRA,
Mr. ROYCE, Mr. HUTCHINSON, Mr. WHITE, Mr. SANFORD, Mr. MCINNIS,
Mr. COBURN, Mrs. SMITH of Washington, Mr. FORBES, Mrs. MYRICK,
Mr. BLUTE, Mr. SOLOMON, Mr. GOSS, Mr. ROHRABACHER, Mrs. CUBIN,
Mrs. CHENOWETH, Mr. SHADEGG, and Mr. PETERSON of Minnesota
JULY 25, 1995
Reported from the Committee on Rules with amendments
[Strike out all after the enacting clause and insert the part printed in italic]
[For text of introduced bill, see copy of bill as introduced on March 8, 1995]
A BILL
To establish a Deficit Reduction Trust Fund and provide
for the downward adjustment of discretionary spending
limits in appropriation bills.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Deficit Reduction Lock-
box Act of 1995’’.
SEC. 2. DEFICIT REDUCTION LOCK-BOX ACCOUNT.
(a) ESTABLISHMENT OF ACCOUNT.—Title III of the
Congressional Budget Act of 1974 is amended by adding
at the end the following new section:
‘‘DEFICIT REDUCTION LOCK-BOX ACCOUNT
‘‘SEC. 314. (a) ESTABLISHMENT OF ACCOUNT.—There
is established in the Congressional Budget Office an account
to be known as the ‘Deficit Reduction Lock-box Account’.
The Account shall be divided into subaccounts correspond-
ing to the subcommittees of the Committees on Appropria-
tions. Each subaccount shall consist of three entries: the
‘House Lock-box Balance’; the ‘Senate Lock-box Balance’;
and the ‘Joint House-Senate Lock-box Balance’.
‘‘(b) CONTENTS OF ACCOUNT.—Each entry in a sub-
account shall consist only of amounts credited to it under
subsection (c). No entry of a negative amount shall be made.
‘‘(c) CREDIT OF AMOUNTS TO ACCOUNT.—(1) The Di-
rector of the Congressional Budget Office (hereinafter in this
section referred to as the ‘Director’) shall, upon the engross-
ment of any appropriation bill by the House of Representa-
tives and upon the engrossment of that bill by the Senate,
credit to the applicable subaccount balance of that House
amounts of new budget authority and outlays equal to the
net amounts of reductions in new budget authority and in
outlays resulting from amendments agreed to by that House
to that bill.
‘‘(2) The Director shall, upon the engrossment of Sen-
ate amendments to any appropriation bill, credit to the ap-
plicable Joint House-Senate Lock-box Balance the amounts
of new budget authority and outlays equal to—
‘‘(A) an amount equal to one-half of the sum of
(i) the amount of new budget authority in the House
Lock-box Balance plus (ii) the amount of new budget
authority in the Senate Lock-box Balance for that
bill; and
‘‘(B) an amount equal to one-half of the sum of
(i) the amount of outlays in the House Lock-box Bal-
ance plus (ii) the amount of outlays in the Senate
Lock-box Balance for that bill,
under section 314(c), as calculated by the Director of the
Congressional Budget Office.
‘‘(d) DEFINITION.—As used in this section, the term
‘appropriation bill’ means any general or special appro-
priation bill, and any bill or joint resolution making sup-
plemental, 
deficiency, 
or 
continuing 
appropriations
through the end of a fiscal year.’’.
(b) CONFORMING AMENDMENT.—The table of contents
set forth in section 1(b) of the Congressional Budget and
Impoundment Control Act of 1974 is amended by inserting
after the item relating to section 313 the following new item:
‘‘Sec. 314. Deficit reduction lock-box account.’’
SEC. 3. TALLY DURING HOUSE CONSIDERATION.
There shall be available to Members in the House of
Representatives during consideration of any appropriations
bill by the House a running tally of the amendments adopt-
ed reflecting increases and decreases of budget authority in
the bill as reported.
SEC. 4. DOWNWARD ADJUSTMENT OF 602(a) ALLOCATIONS
AND SECTION 602(b) SUBALLOCATIONS.
(a) ALLOCATIONS.—Section 602(a) of the Congres-
sional Budget Act of 1974 is amended by adding at the
end the following new paragraph:
‘‘(5) Upon the engrossment of Senate amend-
ments to any appropriation bill (as defined in section
314(d)) for a fiscal year, the amounts allocated under
paragraph (1) or (2) to the Committee on Appropria-
tions of each House upon the adoption of the most re-
cent concurrent resolution on the budget for that fiscal
year shall be adjusted downward by the amounts
credited to the applicable Joint House-Senate Lock-
box Balance under section 314(c)(2), as calculated by
the Director of the Congressional Budget Office, and
the revised levels of budget authority and outlays shall
be submitted to each House by the chairman of the
Committee on the Budget of that House and shall be
printed in the Congressional Record.’’.
(b) SUBALLOCATIONS.—Section 602(b)(1) of the Con-
gressional Budget Act of 1974 is amended by adding at the
end the following new sentence: ‘‘Whenever an adjustment
is made under subsection (a)(5) to an allocation under that
subsection, the Director of the Congressional Budget Office
shall make downward adjustments in the most recent
suballocations of new budget authority and outlays under
subparagraph (A) to the appropriate subcommittees of that
committee in the total amounts of those adjustments under
section 314(c)(2). The revised suballocations shall be sub-
mitted to each House by the chairman of the Committee
on Appropriations of that House and shall be printed in
the Congressional Record.’’.
SEC. 5. PERIODIC REPORTING OF ACCOUNT STATEMENTS.
Section 308(b)(1) of the Congressional Budget Act of
1974 is amended by adding at the end the following new
sentence: ‘‘Such reports shall also include an up-to-date tab-
ulation of the amounts contained in the account and each
subaccount established by section 314(a).’’.
SEC. 6. DOWNWARD ADJUSTMENT OF DISCRETIONARY
SPENDING LIMITS.
The discretionary spending limit for new budget au-
thority for any fiscal year set forth in section 601(a)(2) of
the Congressional Budget Act of 1974, as adjusted in strict
conformance with section 251 of the Balanced Budget and
Emergency Deficit Control Act of 1985, shall be reduced by
the amount of the adjustment to the section 602(a) alloca-
tions made under section 602(a)(5) of the Congressional
Budget Act of 1974, as calculated by the Director of the
Office of Management and Budget. The adjusted discre-
tionary spending limit for outlays for that fiscal year, as
set forth in such section 601(a)(2), shall be reduced as a
result of the reduction of such budget authority, as cal-
culated by the Director of the Office of Management and
Budget based upon programmatic and other assumptions
set forth in the joint explanatory statement of managers ac-
companying the conference report on that bill. Reductions
(if any) shall occur upon the enactment of all regular ap-
propriation bills for a fiscal year or a resolution making
continuing appropriations through the end of that fiscal
year. This adjustment shall be reflected in reports under
sections 254(g) and 254(h) of the Balanced Budget and
Emergency Deficit Control Act of 1985.
SEC. 7. EFFECTIVE DATE.
(a) IN GENERAL.—This Act shall apply to all appro-
priation bills making appropriations for fiscal year 1996
or any subsequent fiscal year.
(b) FY96 APPLICATION.—In the case of any appro-
priation bill for fiscal year 1996 engrossed by the House
of Representatives after the date this bill was engrossed by
the House of Representatives and before the date of enact-
ment of this bill, the Director of the Congressional Budget
Office, the Director of the Office of Management and Budg-
et, and the Committees on Appropriations and the Commit-
tees on the Budget of the House of Representatives and of
the Senate shall, within 10 calendar days after that date
of enactment of this Act, carry out the duties required by
this Act and amendments made by it that occur after the
date this Act was engrossed by the House of Representatives.
(c) FY96 ALLOCATIONS.—The duties of the Director of
the Congressional Budget Office and of the Committees on
Budget and on Appropriations of the House of Representa-
tives pursuant to this Act and the amendments made by
it regarding appropriation bills for fiscal year 1996 shall
be based upon the revised section 602(a) allocations in effect
on the date this Act was engrossed by the House of Rep-
resentatives.
(d) DEFINITION.—As used in this section, the term
‘‘appropriation bill’’ means any general or special appro-
priation bill, and any bill or joint resolution making sup-
plemental, 
deficiency, 
or 
continuing 
appropriations
through the end of a fiscal year.
Amend the title so as to read: ‘‘A bill to establish
procedures to provide for a deficit reduction lock-box and
related downward adjustment of discretionary spending
limits.’’.