1599
between any financing account and any liquidating
account shall be considered non-budgetary.’’; and
(6) by redesignating paragraph (9) as para-
graph (10) and by inserting after paragraph (8) the
following:
‘‘(9) The term ‘modification’ means any Gov-
ernment action resulting from new legislation or
from the exercise of administrative options under ex-
isting law that directly or indirectly alters the ex-
pected cash flows associated with an outstanding di-
rect loan, direct loan obligation, loan guarantee, or
loan guarantee commitment. Modifications include
the sale (with or without recourse) of loan assets
held by the Government and the purchase by the
Government of guaranteed loans. Modifications do
not include amounts for routine work-outs of trou-
bled loans or loans in imminent danger of default,
or changes in loan terms from the exercise by the
borrower of an option included in the loan contract.’’
(b) SECTION 504.—Section 504 of the Congressional
Budget Act of 1974 is amended—
(1) in subsection (b)(1), by striking ‘‘appropria-
tions of’’ and inserting ‘‘new’’, by striking ‘‘are
made’’ and inserting ‘‘is provided’’, and by inserting
‘‘in appropriation Acts’’ before the semicolon;
1600
(2) in subsection (b)(2), by striking ‘‘enacted’’
and inserting ‘‘provided in an appropriation Act’’;
(3) in subsection (d)(1), by striking ‘‘costs of
outstanding direct loans and loan guarantees’’ and
inserting ‘‘costs of outstanding direct loans (or di-
rect loan obligations) or loan guarantees (or loan
guarantee commitments)’’; and
(4) in subsection (e), by striking ‘‘A direct loan
obligation or loan guarantee commitment’’ and in-
serting ‘‘An outstanding direct loan (or direct loan
obligation) or loan guarantee (or loan guarantee
commitment)’’, by inserting ‘‘new’’ before ‘‘budget
authority’’, by striking the comma after ‘‘appro-
priated’’, and by striking ‘‘or from other budgetary
resources’’.
(c) SECTION 505.—Section 505 of the Congressional
Budget Act of 1974 is amended—
(1) in the side heading of subsection (b), by in-
serting ‘‘AND LIQUIDATING’’ before ‘‘ACCOUNTS’’;
(2) in subsection (c), by inserting at the end of
the second sentence, before the period, the following:
‘‘, except that the rate of interest charged by the
secretary on lending to financing accounts (including
amounts treated as lending to financing accounts by
the Federal Financing Bank (the Bank) pursuant to
1601
section 403(b) of the Congressional Budget Act of
1974) and the rate of interest paid to financing ac-
counts on uninvested balances in financing accounts
shall be the same as the rate determined pursuant
to section 502(5)(E). For guaranteed loans financed
by the Bank and treated as direct loans by a Fed-
eral agency pursuant to section 403(b) of the Con-
gressional Budget Act of 1974, any fee or interest
surcharge (the amount by which the interest rate
charged exceeds the rate determined pursuant to
section 502(5)(E)) that the Bank charges to a pri-
vate borrower pursuant to section 6(c) of the Fed-
eral Financing Bank Act of 1973 shall be considered
a cash flow to the Government for the purposes of
determining the cost of the direct loan pursuant to
section 502(5) of this Act. All such amounts shall be
credited to the appropriate financing account. The
Bank is authorized to require reimbursement from a
Federal agency to cover the administrative expenses
of the Bank that are attributable to the direct loans
financed for that agency. All such payments by an
agency shall be considered administrative expenses
subject to section 504(g).’’;
(3) at the end of subsection (c), by inserting
the following: ‘‘This subsection shall apply to trans-
1602
actions related to direct loan obligations or loan
guarantee commitments made on or after October 1,
1991.’’; and
(4) in subsection (d), by striking ‘‘If funds in
liquidating accounts are insufficient to satisfy the
obligations and commitments of said accounts,
there’’ and inserting ‘‘There’’ and by striking ‘‘such
obligations and commitments’’ and inserting ‘‘the
obligations and commitments of liquidating ac-
counts’’.
(d) SECTION 506.—Section 506 of the Congressional
Budget Act of 1974 is repealed.
(e) SECTION 507.—Section 507 of the Congressional
Budget Act of 1974 is redesignated as section 506 and
is amended to read as follows:
‘‘SEC. 506. EFFECT ON OTHER LAWS.
‘‘(a) EFFECT ON OTHER LAWS.—This title shall su-
persede, modify, or repeal any provision of law enacted
prior to the date of enactment of this title to the extent
such provision is inconsistent with this title, except that
nothing in this title shall be construed (1) to alter the
terms or conditions authorized to be included in loan or
guarantee contracts or the rights and responsibilities of
the Government and the recipients of loans or guarantees
under those contracts or the laws that authorize them, or
1603
(2) to establish a credit limitation on any Federal loan
or loan guarantee program.
‘‘(b) CREDITING OF COLLECTIONS.—Collections re-
sulting from direct loans obligated or loan guarantees
committed prior to October 1, 1991, shall be credited to
the liquidating accounts of Federal agencies. Periodically
and as appropriate, amounts so credited shall be trans-
ferred to the Federal Financing Bank to repay those debt
obligations held by the Bank that were created to finance
the loan being repaid, and all amounts not transferred to
the Bank shall be transferred to the general fund of the
Treasury. All intragovernmental debt owed to the Treas-
ury by Federal agencies (but not by the public) as a result
of loans or guarantees made before October 1, 1991, is
hereby canceled and all prepayment penalties are waived.
The provisions of this subsection shall not diminish any
rights or responsibilities guaranteed by subsection (a).’’.
SEC. 15206. DISCRETIONARY SPENDING LIMITS.
Title VI of the Congressional Budget Act of 1974 is
amended to read as follows:
‘‘TITLE VI—DISCRETIONARY
SPENDING LIMITS
‘‘SEC. 601. DISCRETIONARY SPENDING LIMITS.
‘‘As used in this title and for purposes of the Budget
Enforcement Act of 1993, discretionary spending limits,
1604
measured in terms of new budget authority and outlays,
are as follows:
Fiscal Year
Limits (in millions of dollars)
New budget
authority
Outlays
1994 ...............................................................
500,964
538,688
1995 ...............................................................
506,287
541,137
1996 ...............................................................
519,142
547,263
1997 ...............................................................
528,079
547,346
1998 ...............................................................
530,639
547,870
‘‘SEC. 602. EFFECT OF ADJUSTMENTS ON CONSIDERATION
OF CERTAIN LEGISLATION IN EITHER HOUSE
OF CONGRESS.
‘‘For purposes of congressional consideration of legis-
lation containing any provision subject to any of para-
graphs (3) through (7) of section 251(b) or to section
252(a)(4) of the Balanced Budget and Emergency Deficit
Control Act of 1985, determinations under titles III and
IV shall not take into account any new budget authority,
outlays, receipts, or deficit effects in any fiscal year of that
provision.’’.
SEC. 15207. CONTINUING STUDY OF BUDGET REFORM PRO-
POSALS.
Title VII of the Congressional Budget Act of 1974
is amended by repealing sections 701 and 702 and by re-
designating section 703 as section 701.
1605
SEC. 15208. SOCIAL SECURITY PROTECTION.
(a) 
REDESIGNATIONS.—Sections 
13301(a) 
and
13302 of the Budget Enforcement Act of 1990 are redes-
ignated as sections 801 and 802 of the Congressional
Budget Act of 1974.
(b) CHANGE OF TITLE VIII’S HEADING.—The head-
ing of title VIII of the Congressional Budget Act of 1974
is amended to read as follows:
‘‘TITLE VIII—SOCIAL SECURITY
PROTECTION’’.
SEC. 15209. RULEMAKING POWER.
(a) SECTION 904.—Section 904(a) of the Congres-
sional Budget Act of 1974 is amended by striking ‘‘V, and
VI (except section 601(a))’’ and inserting ‘‘V, and VIII’’
and by striking ‘‘701, 703,’’ and inserting ‘‘602, 703,’’.
SEC. 15210. CONFORMING AMENDMENTS TO THE CONGRES-
SIONAL BUDGET AND IMPOUNDMENT CON-
TROL ACT OF 1974.
(a) TITLE III.—Section 1(b) of the Congressional
Budget and Impoundment Control Act of 1974 is amend-
ed by striking the items relating to title III and inserting
the following new items:
‘‘TITLE III—CONGRESSIONAL BUDGET PROCESS
‘‘Sec. 300. Timetable.
‘‘Sec. 301. Annual adoption of concurrent resolution on the budget.
‘‘Sec. 302. Appropriation committee allocations and enforcement.
‘‘Sec. 303. Legislation providing new budget authority or changes in revenues
or the public debt limit may only do so for years covered by
most recent budget resolution.
1606
‘‘Sec. 304. Permissible revisions of concurrent resolutions on the budget.
‘‘Sec. 305. Provisions relating to the consideration of concurrent resolutions on
the budget.
‘‘Sec. 306. Legislation dealing with congressional budget must be handled by
budget committees.
‘‘Sec. 307. House committee action on all appropriation bills to be completed
by June 10.
‘‘Sec. 308. Reports, summaries, and projections of congressional budget actions.
‘‘Sec. 309. House approval of regular appropriation bills.
‘‘Sec. 310. Reconciliation.
‘‘Sec. 311. Direct spending and revenue legislation must be within appropriate
levels.
‘‘Sec. 312. Effects of points of order.
‘‘Sec. 313. Extraneous matter in reconciliation legislation.
(b) TITLE IV.—Section 1(b) of the Congressional
Budget and Impoundment Control Act of 1974 is amend-
ed by striking the items relating to title IV and inserting
the following new items:
‘‘TITLE IV—CONTROL OF BACKDOOR SPENDING
‘‘Sec. 401. Bills providing new spending authority.
‘‘Sec. 402. Legislation providing new credit authority.
‘‘Sec. 403. Off-budget agencies, programs, and activities.
(c) TITLE VI.—Section 1(b) of the Congressional
Budget and Impoundment Control Act of 1974 is amend-
ed by striking the items relating to title VI and inserting
the following new items:
‘‘TITLE VI—DISCRETIONARY SPENDING LIMITS
‘‘Sec. 601. Discretionary spending limits.
‘‘Sec. 602. Effect of adjustments on consideration of certain legislation in either
House of Congress.
(d) TITLE VIII.—Section 1(b) of the Congressional
Budget and Impoundment Control Act of 1974 is amend-
ed by striking the items relating to title VIII and inserting
the following new items:
‘‘TITLE VIII—SOCIAL SECURITY PROTECTION
1607
‘‘Sec. 801. Off-budget status of OASDI trust funds.
‘‘Sec. 802. Protection of OASDI trust funds in the House of Representatives.
SEC. 15211. CONFORMING AMENDMENTS TO THE RULES OF
THE HOUSE OF REPRESENTATIVES.
The Rules of the House of Representatives are
amended as follows:
(1) The first sentence of clause 4(g) of rule X
is amended by striking ‘‘February 25 of each year’’
and inserting ‘‘six weeks after the President’s budg-
et submission’’.
(2) Clause 2(l)(3)(B) of rule XI is amended by
striking ‘‘section 308(a)(1)’’ and inserting ‘‘section
308(a)(1)(A)’’.
(3) The first sentence of clause 2(l)(6) of rule
XI is amended by striking ‘‘, or as provided by sec-
tion 305(a)(1) of the Congressional Budget Act of
1974 in the case of a concurrent resolution on the
budget’’.
(4) Rule XI is amended by adding at the end
the following new clause:
‘‘Amendments may not increase deficit
‘‘7. Before any amendments are offered to a measure
under consideration by a standing committee or when a
standing committee is adopting written rules governing its
procedures, the chairman may entertain a motion requir-
ing that any amendment to a measure or matter before
1608
the committee not have the effect of increasing any direct
spending above the level of such direct spending provided
in such measure or matter or have the effect of reducing
any revenues below the level of such revenues provided in
the measure or matter, unless such amendment makes at
least an equivalent reduction in other direct spending, an
equivalent increase in other revenues, or an equivalent
combination thereof. A majority of the members of the
committee shall be present to adopt such a motion.’’.
(5) Clause 8 of rule XXIII is amended to read
as follows:
‘‘8. At the conclusion of general debate in a Commit-
tee of the Whole on a concurrent resolution on the budget
within the meaning of the Congressional Budget Act of
1974, the concurrent resolution shall be considered as
read for amendment. It shall not be in order in the House
or in a Committee of the Whole to consider an amendment
to a concurrent resolution on the budget, or an amend-
ment to an amendment, unless the concurrent resolution
as amended by such amendment or amendments (1) would
be mathematically consistent (subject to the third sentence
of this clause); and (2) would contain all the matter set
forth in paragraphs (1) through (5) of section 301(a) of
the Congressional Budget Act of 1974. It shall not be in
order in the House or in a Committee of the Whole to
1609
consider an amendment to such a concurrent resolution
on the budget, or an amendment to an amendment, that
would change the amount set forth as the appropriate level
of the public debt, except that an amendment to achieve
mathematical consistency as permitted under section
305(a)(5) of the Congressional Budget Act of 1974, if of-
fered at the direction of the Committee on the Budget,
may include an appropriate adjustment of that amount to
reflect any changes made in other amounts in the
resolution.’’.
(6) Rule XLIX is amended—
(A) in clause 2, by striking ‘‘a limitation’’
and 
inserting 
‘‘an 
amount’’; 
by 
striking
‘‘301(a)(5)’’ and inserting ‘‘301(b)(3)’’; and by
striking ‘‘; and, if’’ and all that follows through
the period and inserting a period;
(B) in clause 3, by striking ‘‘clause 1’’ and
inserting ‘‘clause 1)’’; and
(C) in clause 4, by striking ‘‘clause 1’’ and
inserting ‘‘clause 1)’’.
SEC. 15212. EFFECTIVE DATE.
The amendments made by this subtitle shall be effec-
tive upon enactment for fiscal year 1994 and subsequent
fiscal years.
1610
Subtitle C—Deficit Reduction
Trust Fund
SEC. 15301. DEFICIT REDUCTION TRUST FUND.
(a) A trust fund known as the ‘‘Deficit Reduction
Trust Fund’’ (the ‘‘Fund’’) shall be established for the
purposes of guaranteeing that the net deficit reduction re-
quired by the Omnibus Budget Reconciliation Act of 1993
is fully achieved.
(b) The Fund shall consist only of amounts equal to
the net deficit reduction, calculated pursuant to the proce-
dures set forth in subsection (c), that is estimated to re-
sult from the Omnibus Budget Reconciliation Act of 1993.
Such amounts shall be transferred to the Fund as speci-
fied in subsection (c).
(c) Within 10 days of enactment of the Omnibus
Budget Reconciliation Act of 1993—
(1) the Director of the Office of Management
and Budget shall determine the sum of the net defi-
cit reduction that results from the enactment of the
Omnibus Budget Deficit Reduction Act of 1993; and
(2) there shall be transferred from the general
fund to the Fund an amount equal to the sum deter-
mined in paragraph (1).
(d) Notwithstanding any other provision of law, the
amounts in the Fund shall not be available, in any fiscal
1611
year, for appropriation, obligation, expenditure, or trans-
fer, but may be used exclusively to redeem securities pre-
viously issued by the Treasury of the United States when
they mature.
(e) Amounts in the Fund, as determined by the Di-
rector of the Office of Management and Budget, that re-
sult from the net total of direct spending and receipts pro-
visions calculated according to the provisions of section
252 of the Balanced Budget and Emergency Deficit Con-
trol Act of 1985, as amended (the ‘‘Act’’), shall be ex-
cluded from, and shall not be counted for purposes of, the
totals under section 252 and sections 254(d)(3) and
254(g)(3) of the Act.
(f) Establishment of and transfers to the Fund as
authorized by this section shall not affect trust fund trans-
fers that may be authorized or required by provisions of
the Omnibus Reconciliation Act of 1993 other than this
section.
(g) Section 1105(a) of title 31, United States Code,
is amended by adding at the end thereof:
‘‘(27) information about, and a separate state-
ment of amounts in, and Federal debt redeemed by,
the Deficit Reduction Trust Fund.’’.
1612
TITLE XVI—BUDGET CONTROL
SEC. 16001. SHORT TITLE; PURPOSE.
(a) SHORT TITLE.—This title may be cited as the
‘‘Budget Control Act of 1993’’.
(b) PURPOSE.—The purpose of this title is to create
a mechanism to monitor total costs of direct spending pro-
grams, and, in the event that actual or projected costs ex-
ceed targeted levels, to require the President and Congress
to address adjustments in direct spending.
SEC. 16002. ESTABLISHMENT OF DIRECT SPENDING TAR-
GETS.
(a) IN GENERAL.—The initial direct spending targets
for each of fiscal years 1994 through 1997 shall equal
total outlays for all direct spending except net interest and
deposit insurance as determined by the Director of the Of-
fice of Management and Budget (hereinafter referred to
in this title as the ‘‘Director‘‘) under subsection (b).
(b) INITIAL REPORT BY DIRECTOR.—
(1) Not later than 30 days after the date of en-
actment of this Act, the Director shall submit a re-
port to Congress setting forth projected direct
spending targets for each of fiscal years 1994
through 1997.
(2) The Director’s projections shall be based on
legislation enacted as of 5 days before the report is
1613
submitted under paragraph (1). To the extent fea-
sible, the Director shall use the same economic and
technical assumptions used in preparing the concur-
rent resolution on the budget for fiscal year 1994
(H.Con.Res. 64).
(c) ADJUSTMENTS.—Direct spending targets shall be
subsequently adjusted by the Director under section
16006.
SEC. 16003. ANNUAL REVIEW OF DIRECT SPENDING AND
RECEIPTS BY PRESIDENT.
As part of each budget submitted under section
1105(a) of title 31, United States Code, the President
shall provide an annual review of direct spending and re-
ceipts, which shall include (1) information supporting the
adjustment of direct spending targets pursuant to section
16006, (2) information on total outlays for programs cov-
ered by the direct spending targets, including actual out-
lays for the prior fiscal year and projected outlays for the
current fiscal year and the 5 succeeding fiscal years, and
(3) information on the major categories of Federal re-
ceipts, including a comparison between the levels of those
receipts and the levels projected as of the date of enact-
ment of this Act.
1614
SEC. 16004. SPECIAL DIRECT SPENDING MESSAGE BY
PRESIDENT.
(a) TRIGGER.—In the event that the information sub-
mitted by the President under section 16003 indicates—
(1) that actual outlays for direct spending in
the prior fiscal year exceeded the applicable direct
spending target, or
(2) that outlays for direct spending for the cur-
rent or budget year are projected to exceed the ap-
plicable direct spending targets,
the President shall include in his budget a special direct
spending message meeting the requirements of subsection
(b).
(b) CONTENTS.—
(1) The special direct spending message shall
include:
(A) An explanation of any adjustments to
the direct spending targets pursuant to section
16006.
(B) An analysis of the variance in direct
spending over the adjusted direct spending tar-
gets.
(C) The President’s recommendations for
addressing the direct spending overages, if any,
in the prior, current, or budget year.
1615
(2) The President’s recommendations may con-
sist of any of the following:
(A) Proposed legislative changes to reduce
outlays, increase revenues, or both, in order to
recoup or eliminate the overage for the prior,
current, and budget years in the current year,
the budget year, and the 4 outyears.
(B) Proposed legislative changes to reduce
outlays, increase revenues, or both, in order to
recoup or eliminate part of the overage for the
prior, current, and budget year in the current
year, the budget year, and the 4 outyears, ac-
companied by a finding by the President that,
because of economic conditions or for other
specified reasons, only some of the overage
should be recouped or eliminated by outlay re-
ductions or revenue increases, or both.
(C) A proposal to make no legislative
changes to recoup or eliminate any overage, ac-
companied by a finding by the President that,
because of economic conditions or for other
specified reasons, no legislative changes are
warranted.
(3) Any proposed legislative change under para-
graph (2) to reduce outlays may include reductions
1616
in direct spending or in the discretionary spending
limits under section 601 of the Congressional Budg-
et Act of 1974.
(c) PROPOSED SPECIAL DIRECT SPENDING RESOLU-
TION.—
(1) PRESIDENT’S
RECOMMENDATIONS
TO
BE
SUBMITTED AS DRAFT RESOLUTION.—If the Presi-
dent recommends reductions consistent with sub-
section (b)(2)(A) or (B), the special direct spending
message shall include the text of a special direct
spending resolution implementing the President’s
recommendations through reconciliation directives
instructing the appropriate committees of the House
of Representatives and Senate to determine and rec-
ommend changes in laws within their jurisdictions to
reduce outlays or increase revenues by specified
amounts. If the President recommends no reductions
pursuant to (b)(2)(C), the special direct spending
message shall include the text of a special resolution
concurring in the President’s recommendation of no
legislative action.
(2) RESOLUTION
TO
BE
INTRODUCED
IN
HOUSE.—Within 10 days after the President’s spe-
cial direct spending message is submitted, the text
required by paragraph (1) shall be introduced as a
1617
concurrent resolution in the House of Representa-
tives by the chairman of the Committee on the
Budget of the House of Representatives without sub-
stantive revision. If the chairman fails to do so, after
the tenth day the resolution may be introduced by
any Member of the House of Representatives. A con-
current resolution introduced under this paragraph
shall be referred to the Committee on the Budget.
SEC. 16005. REQUIRED RESPONSE BY CONGRESS.
(a) REQUIREMENT FOR SPECIAL DIRECT SPENDING
RESOLUTION.—Whenever the President submits a special
direct spending message under section 16004, the Com-
mittee on the Budget of the House of Representatives
shall report, not later than April 15, the concurrent reso-
lution on the budget and include in it a separate title that
meets the requirements of subsections (b) and (c).
(b) CONTENTS OF SEPARATE TITLE.—The separate
title of the concurrent resolution on the budget shall con-
tain reconciliation directives to the appropriate committees
of the House of Representatives and Senate to determine
and recommend changes in laws within their jurisdictions
to reduce outlays or increase revenues by specified
amounts (which in total equal or exceed the reductions
recommended by the President, up to the amount of the
overage). If this separate title recommends that no legisla-
1618
tive changes be made to recoup or eliminate an overage,
then a statement to that effect shall be set forth in that
title.
(c) REQUIREMENT
FOR SEPARATE VOTE TO IN-
CREASE TARGETS.—If the separate title of a concurrent
resolution on the budget proposes to recoup or eliminate
less than the entire overage for the prior, current, and
budget years, then the Committee on the Budget of the
House of Representatives shall report a resolution direct-
ing the Committee on Government Operations to report
legislation increasing the direct spending targets for each
applicable year by the full amount of the overage not re-
couped or eliminated. It shall not be in order in the House
of Representatives to consider that concurrent resolution
on the budget until the House of Representatives has
agreed to the resolution directing the increase in direct
spending targets.
(d) CONFERENCE REPORTS MUST FULLY ADDRESS
OVERAGE.—It shall not be in order in the House of Rep-
resentatives to consider a conference report on a concur-
rent resolution on the budget unless that conference report
fully addresses the entirety of any overage contained in
the applicable report of the President under section 16004
through reconciliation directives requiring spending reduc-
1619
tions, revenue increases, or changes in the direct spending
targets.
(e) PROCEDURE
IF HOUSE BUDGET COMMITTEE
FAILS TO REPORT REQUIRED RESOLUTION.—
(1) AUTOMATIC DISCHARGE OF HOUSE BUDGET
COMMITTEE.—If a special direct spending resolution
is required and the Committee on the Budget of the
House of Representatives fails to report a resolution
meeting the requirements of subsections (b) and (c)
by April 15, then the committee shall be automati-
cally discharged from further consideration of the
concurrent resolution reflecting the President’s rec-
ommendations 
introduced 
pursuant 
to 
section
16004(c)(2) and the concurrent resolution shall be
placed on the appropriate calendar.
(2) CONSIDERATION
BY
HOUSE.—Ten days
after the Committee on the Budget of the House of
Representatives has been discharged under para-
graph (1), any Member may move that the House
proceed to consider the resolution. Such motion shall
be highly privileged and not debatable.
(f) APPLICATION
OF
CONGRESSIONAL
BUDGET
ACT.—To the extent that they are relevant and not incon-
sistent with this title, the provisions of title III of the Con-
gressional Budget Act of 1974 shall apply in the House
1620
of Representatives and the Senate to special direct spend-
ing resolutions, resolutions increasing targets under sub-
section (c), and reconciliation legislation reported pursu-
ant to directives contained in those resolutions.
SEC. 16006. ADJUSTMENTS TO DIRECT SPENDING TARGETS.
(a) REQUIRED ANNUAL ADJUSTMENTS.—Prior to
the submission of the President’s budget for each of fiscal
years 1995 through 1997, the Director shall adjust the
direct spending targets in accordance with this section.
Any such adjustments shall be reflected in the targets
used in the President’s report under section 16003 and
message (if any) under section 16004.
(b) ADJUSTMENT
FOR
INCREASES
IN
BENE-
FICIARIES.—
(1) The Director shall adjust the direct spend-
ing targets for increases (if any) in actual or pro-
jected numbers of beneficiaries under direct spend-
ing programs for which the number of beneficiaries
is a variable in determining costs.
(2) The adjustment shall be made by —
(A) computing, for each program under
paragraph (1), the percentage change between
(i) the annual average number of beneficiaries
under that program (including actual numbers
of beneficiaries for the prior fiscal year and pro-
1621
jections for the budget and subsequent fiscal
years) to be used in the President’s budget with
which the adjustments will be submitted, and
(ii) the annual average number of beneficiaries
used in the adjustments made by the Director
in the previous year (or, in the case of adjust-
ments made in 1994, the annual average num-
ber of beneficiaries used in the Director’s initial
report under section 16002(b));
(B) applying the percentages computed
under subparagraph (A) to the projected levels
of outlays for each program consistent with the
direct spending targets in effect immediately
prior to the adjustment; and
(C) adding the results of the calculations
required by subparagraph (B) to the direct
spending targets in effect immediately prior to
the adjustment.
(3) No adjustment shall be made for any pro-
gram for a fiscal year in which the percentage in-
crease computed under paragraph (2)(A) is less than
or equal to zero.
(c) ADJUSTMENTS FOR REVENUE LEGISLATION.—
(1) The Director shall adjust the targets as
follows—
1622
(A) they shall be increased by the amount
of any increase in receipts; or
(B) they shall be decreased by the amount
of any decrease in receipts,
resulting from receipts legislation enacted after the date
of enactment of this title, except legislation enacted under
section 16005.
(d) ADJUSTMENTS
TO REFLECT CONGRESSIONAL
DECISIONS.—Upon enactment of a reconciliation bill pur-
suant to instructions under section 16005, the Director
shall adjust direct spending targets for the current year,
the budget year, and each outyear through 1997 by—
(1) increasing the target for the current year
and the budget year by the amount stated for that
year in that reconciliation bill (but if a separate vote
was required by section 16005(c), only if that vote
has occurred); and
(2) decreasing the target for the current, budg-
et, and outyears through 1997 by the amount of re-
ductions in direct spending enacted in that reconcili-
ation bill.
(e) DESIGNATED EMERGENCIES.—The Director shall
adjust the targets to reflect the costs of legislation that
is designated as an emergency by Congress and the Presi-
1623
dent under section 252(b) of the Balanced Budget and
Emergency Deficit Control Act of 1985.
SEC. 16007. RELATIONSHIP TO BALANCED BUDGET AND
EMERGENCY DEFICIT CONTROL ACT.
Reductions in outlays or increases in receipts result-
ing from legislation reported pursuant to section 16005
shall not be taken into account for purposes of any budget
enforcement procedures under the Balanced Budget and
Emergency Deficit Control Act of 1985.
SEC. 16008. ESTIMATING MARGIN.
For any fiscal year for which the overage is less than
one-half of 1 percent of the direct spending target for that
year, the procedures set forth in sections 16004 and
16005 shall not apply.
SEC. 16009. CONSIDERATION OF APPROPRIATION BILLS.
(a) POINT OF ORDER.—It shall not be in order in
the House of Representatives to consider any general ap-
propriation bill if the President has submitted a direct
spending message under section 16004 until Congress has
adopted a concurrent resolution on the budget for the
budget year that meets the requirements of section 16005.
(b) WAIVER.—The point of order established by sub-
section (a) may only be waived for all general appropria-
tion bills for that budget year through the adoption of one
resolution waiving that point of order.