IV
105TH CONGRESS
1ST SESSION
H. CON. RES. 90
Establishing the congressional budget for the United States Government for
fiscal year 1998 and setting forth appropriate budgetary levels for fiscal
years 1999, 2000, 2001, and 2002.
IN THE HOUSE OF REPRESENTATIVES
MAY 22, 1997
Mr. KENNEDY of Massachusetts submitted the following concurrent resolution;
which was referred to the Committee on the Budget
CONCURRENT RESOLUTION
Establishing the congressional budget for the United States
Government for fiscal year 1998 and setting forth appro-
priate budgetary levels for fiscal years 1999, 2000, 2001,
and 2002.
Resolved by the House of Representatives (the Senate
concurring),
SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET
FOR FISCAL YEAR 1998.
The Congress declares that the concurrent resolution
on the budget for fiscal year 1998 is hereby established
and that the appropriate budgetary levels for fiscal years
1999 through 2002 are hereby set forth.
•HCON 90 IH
TITLE I—LEVELS AND AMOUNTS
SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.
The following budgetary levels are appropriate for the
fiscal years 1998, 1999, 2000, 2001, and 2002:
(1) FEDERAL REVENUES.—For purposes of the
enforcement of this resolution:
(A) The recommended levels of Federal
revenues are as follows:
Fiscal 
year 
1998:
$1,206,379,000,000.
Fiscal 
year 
1999:
$1,252,942,000,000.
Fiscal 
year 
2000:
$1,307,528,000,000.
Fiscal 
year 
2001:
$1,366,412,000,000.
Fiscal 
year 
2002:
$1,427,435,000,000.
(B) The amounts by which the aggregate
levels of Federal revenues should be changed
are as follows:
Fiscal year 1998: $0.
Fiscal year 1999: $0.
Fiscal year 2000: $0.
Fiscal year 2001: $0.
•HCON 90 IH
Fiscal year 2002: $0.
(2) NEW BUDGET AUTHORITY.—For purposes
of the enforcement of this resolution, the appropriate
levels of total new budget authority are as follows:
Fiscal year 1998: $1,399,365,000,000.
Fiscal year 1999: $1,447,879,000,000.
Fiscal year 2000: $1,495,779,000,000.
Fiscal year 2001: $1,526,118,000,000.
Fiscal year 2002: $1,552,378,000,000.
(3) BUDGET OUTLAYS.—For purposes of the
enforcement of this resolution, the appropriate levels
of total budget outlays are as follows:
Fiscal year 1998: $1,383,432,000,000.
Fiscal year 1999: $1,440,016,000,000.
Fiscal year 2000: $1,489,140,000,000.
Fiscal year 2001: $1,516,666,000,000.
Fiscal year 2002: $1,535,000,000,000.
(4) DEFICITS.—For purposes of the enforce-
ment of this resolution, the amounts of the deficits
for the unified budget are as follows:
Fiscal year 1998: $94,589,000,000.
Fiscal year 1999: $94,395,000,000.
Fiscal year 2000: $81,435,000,000.
Fiscal year 2001: $46,229,000,000.
Fiscal year 2002: ¥$2,473,000,000.
•HCON 90 IH
(5) PUBLIC DEBT.—The appropriate levels of
the public debt are as follows:
Fiscal year 1998: $5,597,684,000,000.
Fiscal year 1999: $5,845,015,000,000.
Fiscal year 2000: $6,089,938,000,000.
Fiscal year 2001: $6,301,629,000,000.
Fiscal year 2002: $6,472,834,000,000.
(6) DIRECT LOAN OBLIGATIONS.—The appro-
priate levels of total new direct loan obligations are
as follows:
Fiscal year 1998: $33,829,000,000.
Fiscal year 1999: $33,378,000,000.
Fiscal year 2000: $34,775,000,000.
Fiscal year 2001: $36,039,000,000.
Fiscal year 2002: $37,099,000,000.
(7) PRIMARY
LOAN
GUARANTEE
COMMIT-
MENTS.—The appropriate levels of new primary loan
guarantee commitments are as follows:
Fiscal year 1998: $315,472,000,000.
Fiscal year 1999: $324,749,000,000.
Fiscal year 2000: $328,124,000,000.
Fiscal year 2001: $332,063,000,000.
Fiscal year 2002: $335,141,000,000.
•HCON 90 IH
SEC. 102. MAJOR FUNCTIONAL CATEGORIES.
The Congress determines and declares that the ap-
propriate levels of new budget authority, budget outlays,
new direct loan obligations, and new primary loan guaran-
tee commitments for fiscal years 1998 through 2002 for
each major functional category are:
(1) National Defense (050):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$266,000,000,000.
(B) Outlays, $264,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $588,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$266,000,000,000.
(B) Outlays, $264,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $757,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$267,000,000,000.
(B) Outlays, $267,300,000,000.
(C) New direct loan obligations, $0.
•HCON 90 IH
(D) New primary loan guarantee com-
mitments, $1,050,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$267,000,000,000.
(B) Outlays, $261,500,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $1,050,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$267,000,000,000.
(B) Outlays, $264,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $1,050,000,000.
(2) International Affairs (150):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$15,909,000,000.
(B) Outlays, $14,558,000,000.
(C) New direct loan obligations,
$1,966,000,000.
(D) New primary loan guarantee com-
mitments, $12,751,000,000.
•HCON 90 IH
Fiscal year 1999:
(A) 
New 
budget 
authority,
$14,918,000,000.
(B) Outlays, $14,569,000,000.
(C) New direct loan obligations,
$2,021,000,000.
(D) New primary loan guarantee com-
mitments, $13,093,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$15,782,000,000.
(B) Outlays, $14,981,000,000.
(C) New direct loan obligations,
$2,077,000,000.
(D) New primary loan guarantee com-
mitments, $13,434,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$16,114,000,000.
(B) Outlays, $14,751,000,000.
(C) New direct loan obligations,
$2,122,000,000.
(D) New primary loan guarantee com-
mitments, $13,826,000,000.
Fiscal year 2002:
•HCON 90 IH
(A) 
New 
budget 
authority,
$16,353,000,000.
(B) Outlays, $14,812,000,000.
(C) New direct loan obligations,
$2,178,000,000.
(D) New primary loan guarantee com-
mitments, $14,217,000,000.
(3) General Science, Space, and Technology
(250):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$16,437,000,000.
(B) Outlays, $17,082,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$16,403,000,000.
(B) Outlays, $16,728,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
•HCON 90 IH
(A) 
New 
budget 
authority,
$16,147,000,000.
(B) Outlays, $16,213,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$16,000,000,000.
(B) Outlays, $16,062,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$15,804,000,000.
(B) Outlays, $15,868,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(4) Energy (270):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$3,123,000,000.
(B) Outlays, $2,247,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$1,050,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$3,469,000,000.
(B) Outlays, $2,446,000,000.
(C) New direct loan obligations,
$1,078,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$3,186,000,000.
(B) Outlays, $2,293,000,000.
(C) New direct loan obligations,
$1,109,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$2,939,000,000.
(B) Outlays, $2,048,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$1,141,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$2,846,000,000.
(B) Outlays, $1,867,000,000.
(C) New direct loan obligations,
$1,171,000,000.
(D) New primary loan guarantee com-
mitments, $0.
(5) Natural Resources and Environment (300):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$23,877,000,000.
(B) Outlays, $22,405,000,000.
(C) New direct loan obligations,
$30,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$23,227,000,000.
(B) Outlays, $22,702,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$32,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$22,570,000,000.
(B) Outlays, $22,963,000,000.
(C) New direct loan obligations,
$32,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$22,151,000,000.
(B) Outlays, $22,720,000,000.
(C) New direct loan obligations,
$34,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$22,086,000,000.
(B) Outlays, $22,313,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$34,000,000.
(D) New primary loan guarantee com-
mitments, $0.
(6) Agriculture (350):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$13,133,000,000.
(B) Outlays, $11,892,000,000.
(C) New direct loan obligations,
$9,620,000,000.
(D) New primary loan guarantee com-
mitments, $6,365,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$12,790,000,000.
(B) Outlays, $11,294,000,000.
(C) New direct loan obligations,
$11,047,000,000.
(D) New primary loan guarantee com-
mitments, $6,436,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$12,215,000,000.
(B) Outlays, $10,664,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$11,071,000,000.
(D) New primary loan guarantee com-
mitments, $6,509,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$10,978,000,000.
(B) Outlays, $9,494,000,000.
(C) New direct loan obligations,
$10,960,000,000.
(D) New primary loan guarantee com-
mitments, $6,583,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$10,670,000,000.
(B) Outlays, $9,108,000,000.
(C) New direct loan obligations,
$10,965,000,000.
(D) New primary loan guarantee com-
mitments, $6,660,000,000.
(7) Commerce and Housing Credit (370):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$6,607,000,000.
(B) Outlays, ¥$920,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$4,739,000,000.
(D) New primary loan guarantee com-
mitments, $245,000,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$11,082,000,000.
(B) Outlays, $4,299,000,000.
(C) New direct loan obligations,
$1,887,000,000.
(D) New primary loan guarantee com-
mitments, $253,450,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$15,183,000,000.
(B) Outlays, $9,821,000,000.
(C) New direct loan obligations,
$2,238,000,000.
(D) New primary loan guarantee com-
mitments, $255,200,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$16,078,000,000.
(B) Outlays, $12,133,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$2,574,000,000.
(D) New primary loan guarantee com-
mitments, $257,989,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$16,678,000,000.
(B) Outlays, $12,541,000,000.
(C) New direct loan obligations,
$2,680,000,000.
(D) New primary loan guarantee com-
mitments, $259,897,000,000.
(8) Transportation (400):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$46,402,000,000.
(B) Outlays, $43,933,000,000.
(C) New direct loan obligations,
$155,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$46,556,000,000.
(B) Outlays, $44,256,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$135,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$47,114,000,000.
(B) Outlays, $44,357,000,000.
(C) New direct loan obligations,
$15,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$48,135,000,000.
(B) Outlays, $44,303,000,000.
(C) New direct loan obligations,
$15,000,000.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$49,184,000,000.
(B) Outlays, $44,247,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$15,000,000.
(D) New primary loan guarantee com-
mitments, $0.
(9) Community and Regional Development
(450):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$9,068,000,000.
(B) Outlays, $10,687,000,000.
(C) New direct loan obligations,
$2,867,000,000.
(D) New primary loan guarantee com-
mitments, $2,385,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$8,839,000,000.
(B) Outlays, $11,252,000,000.
(C) New direct loan obligations,
$2,943,000,000.
(D) New primary loan guarantee com-
mitments, $2,406,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$8,210,000,000.
•HCON 90 IH
(B) Outlays, $11,386,000,000.
(C) New direct loan obligations,
$3,020,000,000.
(D) New primary loan guarantee com-
mitments, $2,429,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$8,214,000,000.
(B) Outlays, $11,800,000,000.
(C) New direct loan obligations,
$3,098,000,000.
(D) New primary loan guarantee com-
mitments, $2,452,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$8,290,000,000.
(B) Outlays, $8,929,000,000.
(C) New direct loan obligations,
$3,180,000,000.
(D) New primary loan guarantee com-
mitments, $2,475,000,000.
(10) Education, Training, Employment, and
Social Services (500):
Fiscal year 1998:
•HCON 90 IH
(A) 
New 
budget 
authority,
$67,320,000,000.
(B) Outlays, $58,362,000,000.
(C) New direct loan obligations,
$12,328,000,000.
(D) New primary loan guarantee com-
mitments, $20,665,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$63,750,000,000.
(B) Outlays, $63,885,000,000.
(C) New direct loan obligations,
$13,092,000,000.
(D) New primary loan guarantee com-
mitments, $21,899,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$65,903,000,000.
(B) Outlays, $66,178,000,000.
(C) New direct loan obligations,
$13,926,000,000.
(D) New primary loan guarantee com-
mitments, $23,263,000,000.
Fiscal year 2001:
•HCON 90 IH
(A) 
New 
budget 
authority,
$67,759,000,000.
(B) Outlays, $67,981,000,000.
(C) New direct loan obligations,
$14,701,000,000.
(D) New primary loan guarantee com-
mitments, $24,517,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$68,739,000,000.
(B) Outlays, $68,966,000,000.
(C) New direct loan obligations,
$15,426,000,000.
(D) New primary loan guarantee com-
mitments, $25,676,000,000.
(11) Health (550):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$140,599,000,000.
(B) Outlays, $140,567,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $85,000,000.
Fiscal year 1999:
•HCON 90 IH
(A) 
New 
budget 
authority,
$149,418,000,000.
(B) Outlays, $149,394,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$159,868,000,000.
(B) Outlays, $159,747,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$170,662,000,000.
(B) Outlays, $170,385,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$181,571,000,000.
(B) Outlays, $181,127,000,000.
(C) New direct loan obligations, $0.
•HCON 90 IH
(D) New primary loan guarantee com-
mitments, $0.
(12) Medicare (570):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$203,820,000,000.
(B) Outlays, $203,964,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$214,673,000,000.
(B) Outlays, $214,148,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$229,340,000,000.
(B) Outlays, $229,337,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
•HCON 90 IH
(A) 
New 
budget 
authority,
$244,036,000,000.
(B) Outlays, $243,181,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$256,548,000,000.
(B) Outlays, $255,769,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(13) Income Security (600):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$240,160,000,000.
(B) Outlays, $248,861,000,000.
(C) New direct loan obligations,
$45,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$255,375,000,000.
•HCON 90 IH
(B) Outlays, $259,346,000,000.
(C) New direct loan obligations,
$75,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$271,084,000,000.
(B) Outlays, $269,669,000,000.
(C) New direct loan obligations,
$110,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$276,898,000,000.
(B) Outlays, $279,007,000,000.
(C) New direct loan obligations,
$145,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$288,937,000,000.
(B) Outlays, $287,221,000,000.
•HCON 90 IH
(C) New direct loan obligations,
$170,000,000.
(D) New primary loan guarantee com-
mitments, $37,000,000.
(14) Social Security (650):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$11,424,000,000.
(B) Outlays, $11,524,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$12,060,000,000.
(B) Outlays, $12,196,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$12,792,000,000.
(B) Outlays, $12,866,000,000.
(C) New direct loan obligations, $0.
•HCON 90 IH
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$13,022,000,000.
(B) Outlays, $13,043,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$14,383,000,000.
(B) Outlays, $14,398,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(15) Veterans Benefits and Services (700):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$40,579,000,000.
(B) Outlays, $41,371,000,000.
(C) New direct loan obligations,
$1,029,000,000.
(D) New primary loan guarantee com-
mitments, $27,096,000,000.
•HCON 90 IH
Fiscal year 1999:
(A) 
New 
budget 
authority,
$41,745,000,000.
(B) Outlays, $41,979,000,000.
(C) New direct loan obligations,
$1,068,000,000.
(D) New primary loan guarantee com-
mitments, $26,671,000,000.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$42,015,000,000.
(B) Outlays, $42,223,000,000.
(C) New direct loan obligations,
$1,177,000,000.
(D) New primary loan guarantee com-
mitments, $26,202,000,000.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$42,418,000,000.
(B) Outlays, $42,540,000,000.
(C) New direct loan obligations,
$1,249,000,000.
(D) New primary loan guarantee com-
mitments, $25,609,000,000.
Fiscal year 2002:
•HCON 90 IH
(A) 
New 
budget 
authority,
$42,629,000,000.
(B) Outlays, $42,783,000,000.
(C) New direct loan obligations,
$1,277,000,000.
(D) New primary loan guarantee com-
mitments, $25,129,000,000.
(16) Administration of Justice (750):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$25,165,000,000.
(B) Outlays, $23,209,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$25,320,000,000.
(B) Outlays, $24,476,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$25,578,000,000.
•HCON 90 IH
(B) Outlays, $25,840,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$25,054,000,000.
(B) Outlays, $26,701,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$25,183,000,000.
(B) Outlays, $24,879,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(17) General Government (800):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$14,711,000,000.
(B) Outlays, $13,959,000,000.
(C) New direct loan obligations, $0.
•HCON 90 IH
(A) 
New 
budget 
authority,
$13,105,000,000.
(B) Outlays, $13,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(18) Net Interest (900):
Fiscal year 1998:
(A) 
New 
budget 
authority,
$296,672,000,000.
(B) Outlays, $296,672,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
$304,932,000,000.
(B) Outlays, $304,932,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
$305,512,000,000.
(B) Outlays, $305,512,000,000.
•HCON 90 IH
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
$304,037,000,000.
(B) Outlays, $304,037,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
$303,796,000,000.
(B) Outlays, $303,796,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(19) Allowances (920):
Fiscal year 1998:
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
•HCON 90 IH
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) New budget authority, $0.
(B) Outlays, $0.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
(20) Undistributed Offsetting Receipts (950):
Fiscal year 1998:
•HCON 90 IH
(A) 
New 
budget 
authority,
¥$41,841,000,000.
(B) Outlays, ¥$41,841,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 1999:
(A) 
New 
budget 
authority,
¥$36,949,000,000.
(B) Outlays, ¥$36,949,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2000:
(A) 
New 
budget 
authority,
¥$36,937,000,000.
(B) Outlays, ¥$36,937,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2001:
(A) 
New 
budget 
authority,
¥$39,151,000,000.
(B) Outlays, ¥$39,151,000,000.
(C) New direct loan obligations, $0.
•HCON 90 IH
(D) New primary loan guarantee com-
mitments, $0.
Fiscal year 2002:
(A) 
New 
budget 
authority,
¥$51,124,000,000.
(B) Outlays, ¥$51,124,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee com-
mitments, $0.
TITLE II—RECONCILIATION
INSTRUCTIONS
SEC. 201. RECONCILIATION.
(a) SUBMISSIONS.—Not later than August 1, 1997,
the House committees named in subsection (b) shall sub-
mit their recommendations to the House Committee on
the Budget. After receiving those recommendations, the
House Committee on the Budget shall report to the House
a reconciliation bill carrying out all such recommendations
without any substantive revision.
(b) INSTRUCTIONS.—
(1) COMMITTEE ON AGRICULTURE.—The House
Committee on Agriculture shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
that committee does not exceed: $34,571,000,000 in
•HCON 90 IH
outlays for fiscal year 1998, $37,008,000,000 in
outlays for fiscal year 2002, and $211,443,000,000
in outlays in fiscal years 1998 through 2002.
(2) COMMITTEE ON BANKING AND FINANCIAL
SERVICES.—The House Committee on Banking and
Financial Services shall report changes in laws with-
in its jurisdiction that provide direct spending such
that the total level of direct spending for that com-
mittee does not exceed: $8,435,000,000 in outlays
for fiscal year 1998, $5,091,000,000 in outlays for
fiscal year 2002, and $50,306,000,000 in outlays in
fiscal years 1998 through 2002.
(3) COMMITTEE
ON
COMMERCE.—The House
Committee on Commerce shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
that committee does not exceed: $395,150,000,000
in outlays for fiscal year 1998, $513,615,000,000 in
outlays 
for 
fiscal 
year 
2002, 
and
$2,638,120,000,000 in outlays in fiscal years 1998
through 2002.
(4) COMMITTEE
ON
EDUCATION
AND
THE
WORKFORCE.—The House Committee on Education
and the Workforce shall report changes in laws with-
in its jurisdiction that provide direct spending such
•HCON 90 IH
that the total level of direct spending for that com-
mittee does not exceed: $17,718,000,000 in outlays
for fiscal year 1998, $18,167,000,000 in outlays for
fiscal year 2002, and $106,050,000,000 in outlays
in fiscal years 1998 through 2002.
(5) COMMITTEE ON GOVERNMENT REFORM AND
OVERSIGHT.—(A) The House Committee on Govern-
ment Reform and Oversight shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
that committee does not exceed: $68,975,000,000 in
outlays for fiscal year 1998, $81,896,000,000 in
outlays for fiscal year 2002, and $443,061,000,000
in outlays in fiscal years 1998 through 2002.
(B) The House Committee on Government Re-
form and Oversight shall report changes in laws
within its jurisdiction that would reduce the deficit
by: $0 in fiscal year 1998, $621,000,000 in fiscal
year 2002, and $1,829,000,000 in fiscal years 1998
through 2002.
(6) COMMITTEE ON TRANSPORTATION AND IN-
FRASTRUCTURE.—The House Committee on Trans-
portation and Infrastructure shall report changes in
laws within its jurisdiction that provide direct spend-
ing such that the total level of direct spending for
•HCON 90 IH
that committee does not exceed: $18,287,000,000 in
outlays for fiscal year 1998, $17,483,000,000 in
outlays for fiscal year 2002, and $107,615,000,000
in outlays in fiscal years 1998 through 2002.
(7) COMMITTEE ON VETERANS’ AFFAIRS.—The
House Committee on Veterans’ Affairs shall report
changes in laws within its jurisdiction that provide
direct spending such that the total level of direct
spending for that committee does not exceed:
$22,478,000,000 in outlays for fiscal year 1998,
$25,192,000,000 in outlays for fiscal year 2002, and
$141,497,000,000 in outlays in fiscal years 1998
through 2002.
(8) COMMITTEE
ON
WAYS
AND
MEANS.—(A)
The House Committee on Ways and Means shall re-
port changes in laws within its jurisdiction such that
the total level of direct spending for that committee
does not exceed: $399,663,000,000 in outlays for
fiscal year 1998, $511,377,000,000 in outlays for
fiscal year 2002, and $2,639,195,000,000 in outlays
in fiscal years 1998 through 2002.
(B) The House Committee on Ways and Means
shall report changes in laws within its jurisdiction
sufficient to decrease revenues as follows: by
$8,000,000,000 in revenues for fiscal year 1998, by
•HCON 90 IH
$16,000,000,000 in revenues for fiscal year 2002,
and by $60,000,000,000 in revenues in fiscal years
1998 through 2002.
(C) The House Committee on Ways and Means
shall report changes in laws within its jurisdiction
sufficient to increase revenues as follows: by
$8,000,000,000 in revenues for fiscal year 1998, by
by $16,000,000,000 in revenues for fiscal year 2002,
and by $60,000,000,000 in revenues in fiscal years
1998 through 2002.
(c) 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.
(d) CHILDREN’S HEALTH INITIATIVE.—If the Com-
mittees on Commerce and Ways and Means report rec-
ommendations pursuant to their reconciliation instruc-
tions that, combined, provide an initiative for children’s
health that would increase the deficit by more than $4.6
billion for fiscal year 1998, by more than $8 billion for
fiscal year 2002, and by more than $32 billion for the
period of fiscal years 1998 through 2002, the committees
shall be deemed to not have complied with their reconcili-
ation instructions pursuant to section 310(d) of the Con-
gressional Budget Act of 1974.
•HCON 90 IH
TITLE III—SENSE OF CONGRESS
PROVISIONS
SEC. 301. SENSE OF CONGRESS ON MIDDLE INCOME TAX
RELIEF.
(a) FINDINGS.—The Congress finds the following:
(1) Tax reductions in tax bills enacted in the
1980’s predominately benefited Americans with
higher incomes.
(2) Increases in the social security payroll tax
over this period has resulted in a net increase in the
tax burden on middle income Americans.
(b) SENSE OF CONGRESS.—It is the sense of Con-
gress that Congress should enact legislation providing tar-
geted tax relief, with an emphasis on alleviating the tax
burden on middle income Americans, by enacting the fol-
lowing provisions:
(1) Higher education initiatives, including the
President’s $1,500 HOPE scholarship tax credit and
deductibility of up to $10,000 for higher education
tuition and fees.
(2) Expansion of the child care tax credit, with
increases in the amount of allowable expenses, the
percentage of allowable expenses, and the income
phase-down levels.
•HCON 90 IH
(3) Homeownership provisions, including up to
a $500,000 capital gains exclusion for home sales,
and permitting tax and penalty-free borrowing from
an IRA account or a parent’s IRA account for a
down payment on a first-time home purchase.
(4) Savings provisions, including an increase in
the annual limit for deductible IRA contributions
from $2,000 to $2,500 per year.
SEC. 302. SENSE OF CONGRESS ON SMALL BUSINESS TAX
RELIEF.
(a) FINDINGS.—Congress finds the following:
(1) Small businesses are the source of most new
jobs created in this country.
(2) Small businesses have a more difficult time
than large corporations in raising capital, covering
health care costs for employees, and coping with es-
tate taxes.
(b) SENSE OF CONGRESS.—It is the sense of Con-
gress that Congress should enact legislation providing tax
incentives and tax relief for small businesses, including:
(1) Incentives for long-term investments in
small businesses, including capital gains relief, defer-
ral of gains on any small business investments rolled
over into another small business investment, and a