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(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:
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(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.
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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:
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(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.
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(B) Outlays, $1,258,000,000.
(9) Education, Training, Employment, and So-
cial Services (500)—for subfunctions 501, 502, 503,
504, and 506 National Service Initiative, Rehabilita-
tion 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.
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(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.
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:
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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 Commit-
tee on the Budget. After receiving those recommendations,
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the House Committee on the Budget shall report to the
House a reconciliation bill carrying out all such rec-
ommendations 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 spend-
ing 
sufficient 
to 
reduce 
outlays 
as 
follows:
$9,800,000 in outlays for fiscal year 1998,
$47,500,000 in outlays for fiscal year 2002, and
$146,600,000 in outlays in fiscal years 1998
through 2002.
(2) COMMITTEE
ON
WAYS
AND
MEANS.—(A)
The House Committee on Ways and Means shall re-
port changes in laws within its jurisdiction that pro-
vide direct spending sufficient to reduce outlays as
follows: $8,900,000,000 in outlays for fiscal year
1998, $37,500,000,000 in outlays for fiscal year
2002, and $120,700,000,000 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 commit-
tee is increased by: $10,419,000,000 in revenues for
fiscal year 1998, $18,133,000,000 in revenues for
•HCON 58 IH
fiscal year 2002, and $77,160,000,000 in revenues
in fiscal years 1998 through 2002.
(c) INVESTMENT TRUST FUND.—The House Com-
mittee 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 ‘‘In-
vestment Trust Fund’’ into which shall be transferred rev-
enues 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 resolu-
tion to carry out section 4. For all purposes of the Con-
gressional Budget Act of 1974, those allocations shall be
•HCON 58 IH
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 productiv-
ity such as research and development, education and train-
ing, 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 dif-
ferences between Federal spending for long-term invest-
•HCON 58 IH
ment and that for current consumption. In order to re-
structure 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.
Æ