235
(33) Subparagraph (C) of section 420(e)(1) is
amended by striking ‘‘mean’’ and inserting ‘‘means’’.
(34) Paragraph (4) of section 537(b) is amend-
ed by striking ‘‘section 172(i)’’ and inserting ‘‘sec-
tion 172(f)’’.
(35) Subparagraph (B) of section 613(e)(1) is
amended by striking the comma at the end thereof
and inserting a period.
(36) Paragraph (4) of section 856(a) is amend-
ed by striking ‘‘section 582(c)(5)’’ and inserting
‘‘section 582(c)(2)’’.
(37) 
Sections 
904(f)(2)(B)(i) 
and
907(c)(4)(B)(iii) are each amended by inserting ‘‘(as
in effect on the day before the date of the enactment
of the Revenue Reconciliation Act of 1990)’’ after
‘‘section 172(h)’’.
(38) Subsection (b) of section 936 is amended
by striking ‘‘subparagraphs (D)(ii)(I)’’ and inserting
‘‘subparagraphs (D)(ii)’’.
(39) Subsection (c) of section 2104 is amended
by striking ‘‘subparagraph (A), (C), or (D) of
section 
861(a)(1)’’ 
and 
inserting 
‘‘section
861(a)(1)(A)’’.
(40) Subparagraph (A) of section 280A(c)(1) is
amended to read as follows:
236
‘‘(A) as the principal place of business for
any trade or business of the taxpayer,’’.
(41) Section 6038 is amended by redesignating
the subsection relating to cross references as sub-
section (f).
(42) Clause (iv) of section 6103(e)(1)(A) is
amended by striking all that follows ‘‘provisions of’’
and inserting ‘‘section 1(g) or 59(j);’’.
(43) The subsection (f) of section 6109 of the
Internal Revenue Code of 1986 which was added by
section 2201(d) of Public Law 101–624 is redesig-
nated as subsection (g).
(44) Subsection (b) of section 7454 is amended
by striking ‘‘section 4955(e)(2)’’ and inserting ‘‘sec-
tion 4955(f)(2)’’.
(45) Subsection (d) of section 11231 of the
Revenue Reconciliation Act of 1990 shall be applied
as if ‘‘comma’’ appeared instead of ‘‘period’’ and as
if the paragraph (9) proposed to be added ended
with a comma.
(46) Paragraph (1) of section 11303(b) of the
Revenue Reconciliation Act of 1990 shall be applied
as if ‘‘paragraph’’ appeared instead of ‘‘subpara-
graph’’ in the material proposed to be stricken.
237
(47) Subsection (f) of section 11701 of the Rev-
enue Reconciliation Act of 1990 is amended by in-
serting ‘‘(relating to definitions)’’ after ‘‘section
6038(e)’’.
(48) Subsection (i) of section 11701 of the Rev-
enue Reconciliation Act of 1990 shall be applied as
if ‘‘subsection’’ appeared instead of ‘‘section’’ in the
material proposed to be stricken.
(49) Subparagraph (B) of section 11801(c)(2)
of the Revenue Reconciliation Act of 1990 shall be
applied as if ‘‘section 56(g)’’ appeared instead of
‘‘section 59(g)’’.
(50) Subparagraph (C) of section 11801(c)(8)
of the Revenue Reconciliation Act of 1990 shall be
applied as if ‘‘reorganizations’’ appeared instead of
‘‘reorganization’’ in the material proposed to be
stricken.
(51) Subparagraph (H) of section 11801(c)(9)
of the Revenue Reconciliation Act of 1990 shall be
applied as if ‘‘section 1042(c)(1)(B)’’ appeared in-
stead of ‘‘section 1042(c)(2)(B)’’.
(52) Subparagraph (F) of section 11801(c)(12)
of the Revenue Reconciliation Act of 1990 shall be
applied as if ‘‘and (3)’’ appeared instead of ‘‘and
(E)’’.
238
(53) Subparagraph (A) of section 11801(c)(22)
of the Revenue Reconciliation Act of 1990 shall be
applied as if ‘‘chapters 21’’ appeared instead of
‘‘chapter 21’’ in the material proposed to be strick-
en.
(54) Paragraph (3) of section 11812(b) of the
Revenue Reconciliation Act of 1990 shall be applied
by not executing the amendment therein to the
heading of section 42(d)(5)(B).
(55) Clause (i) of section 11813(b)(9)(A) of the
Revenue Reconciliation Act of 1990 shall be applied
as if a comma appeared after ‘‘(3)(A)(ix)’’ in the
material proposed to be stricken.
(56) Subparagraph (F) of section 11813(b)(13)
of the Revenue Reconciliation Act of 1990 shall be
applied as if ‘‘tax’’ appeared after ‘‘investment’’ in
the material proposed to be stricken.
(57) Paragraph (19) of section 11813(b) of the
Revenue Reconciliation Act of 1990 shall be applied
as if ‘‘Paragraph (20) of section 1016(a), as redesig-
nated by section 11801,’’ appeared instead of ‘‘Para-
graph (21) of section 1016(a)’’.
(58) Paragraph (5) section 8002(a) of the Sur-
face Transportation Revenue Act of 1991 shall be
239
applied as if ‘‘4481(e)’’ appeared instead of
‘‘4481(c)’’.
(59) Section 7872 is amended—
(A) by striking ‘‘foregone’’ each place it
appears in subsections (a) and (e)(2) and in-
serting ‘‘forgone’’, and
(B) by striking ‘‘FOREGONE’’ in the head-
ing for subsection (e) and the heading for para-
graph (2) of subsection (e) and inserting ‘‘FOR-
GONE’’.
(60) Paragraph (7) of section 7611(h) is
amended by striking ‘‘approporiate’’ and inserting
‘‘appropriate’’.
(61) The heading of paragraph (3) of section
419A(c) is amended by striking ‘‘SEVERENCE’’ and
inserting ‘‘SEVERANCE’’.
(62) Clause (ii) of section 807(d)(3)(B) is
amended by striking ‘‘Commissoners’ ’’ and insert-
ing ‘‘Commissioners’ ’’.
(63) Subparagraph (B) of section 1274A(c)(1)
is amended by striking ‘‘instument’’ and inserting
‘‘instrument’’.
(64) Subparagraph (B) of section 724(d)(3) by
striking ‘‘Subparagaph’’ and inserting ‘‘Subpara-
graph’’.
240
(65) The last sentence of paragraph (2) of sec-
tion 42(c) is amended by striking ‘‘of 1988’’.
(66) Paragraph (1) of section 9707(d) is
amended by striking ‘‘diligence,’’ and inserting ‘‘dili-
gence’’.
(67) Subsection (c) of section 4977 is amended
by striking ‘‘section 132(i)(2)’’ and inserting ‘‘sec-
tion 132(h)’’.
(68) The last sentence of section 401(a)(20) is
amended by striking ‘‘section 211’’ and inserting
‘‘section 521’’.
(69) Subparagraph (A) of section 402(g)(3) is
amended by striking ‘‘subsection (a)(8)’’ and insert-
ing ‘‘subsection (e)(3)’’.
(70) The last sentence of section 403(b)(10) is
amended by striking ‘‘an direct’’ and inserting ‘‘a
direct’’.
(71) Subparagraph (A) of section 4973(b)(1) is
amended by striking ‘‘sections 402(c)’’ and inserting
‘‘section 402(c)’’.
(72) Paragraph (12) of section 3405(e) is
amended 
by 
striking 
‘‘(b)(3)’’ 
and 
inserting
‘‘(b)(2)’’.
(73) Paragraph (41) of section 521(b) of the
Unemployment Compensation Amendments of 1992
241
shall be applied as if ‘‘section’’ appeared instead of
‘‘sections’’ in the material proposed to be stricken.
(74) Paragraph (27) of section 521(b) of the
Unemployment Compensation Amendments of 1992
shall be applied as if ‘‘Section 691(c)(5)’’ appeared
instead of ‘‘Section 691(c)’’.
(75) Paragraph (5) of section 860F(a) is
amended by striking ‘‘paragraph (1)’’ and inserting
‘‘paragraph (2)’’.
(76) Paragraph (1) of section 415(k) is amend-
ed by adding ‘‘or’’ at the end of subparagraph (C),
by striking subparagraphs (D) and (E), and by re-
designating subparagraph (F) as subparagraph (D).
(77) Paragraph (2) of section 404(a) is amend-
ed by striking ‘‘(18),’’.
(78) Clause (ii) of section 72(p)(4)(A) is
amended to read as follows:
‘‘(ii) 
SPECIAL
RULE.—The 
term
‘qualified employer plan’ shall not include
any plan which was (or was determined to
be) a qualified employer plan or a govern-
ment plan.’’
(79) 
Sections 
461(i)(3)(C) 
and
1274(b)(3)(B)(i) are each amended by striking ‘‘sec-
242
tion 
6662(d)(2)(C)(ii)’’ 
and 
inserting 
‘‘section
6662(d)(2)(C)(iii)’’.
(80) Subsection (a) of section 164 is amended
by striking the paragraphs relating to the genera-
tion-skipping tax and the environmental tax imposed
by section 59A and by inserting after paragraph (3)
the following new paragraphs:
‘‘(4) The GST tax imposed on income distribu-
tions.
‘‘(5) The environmental tax imposed by section
59A.’’
Subtitle G—Tax Reduction
Contingent on Deficit Reduction
SEC. 6701. TAX REDUCTION CONTINGENT ON DEFICIT RE-
DUCTION.
Notwithstanding any other provision of this title and
any amendment made by this title, no provision of this
title shall take effect unless—
(1) the concurrent resolution on the budget for
fiscal year 1996, as agreed to, provides that the
budget of the United States will be in balance by fis-
cal year 2002, and
(2) the conference report, as agreed to, on the
reconciliation bill for that resolution—
243
(A) achieves the aggregate amount of defi-
cit reduction to effectuate the reconciliation in-
structions required for the years covered by
that resolution necessary to so balance the
budget, and
(B) contains a statement, based on esti-
mates made by the Director of the Congres-
sional Budget Office, that such conference re-
port does so comply.
SEC. 6702. MONITORING.
The Committees on the Budget of the House of Rep-
resentatives and the Senate shall each monitor progress
on achieving a balanced budget consistent with the most
recently agreed to concurrent resolution on the budget for
fiscal year 1996 or any subsequent fiscal year (and the
reconciliation Act for that resolution) or the most recently
agreed to concurrent resolution on the budget that would
achieve a balanced budget by fiscal year 2002 (and the
reconciliation Act for that resolution). After consultation
with the Director of the Congressional Budget Office, each
such committee shall submit a report of its findings to
its House and the President on or before December 15,
1995, and annually thereafter. Each such report shall con-
tain the following:
244
(1) Estimates of the deficit levels (based on leg-
islation enacted through the date of the report) for
each fiscal year through fiscal year 2002.
(2) An analysis of the variance (if any) between
those estimated deficit levels and the levels set forth
in the concurrent resolution on the budget for fiscal
year 1996 or the most recently agreed to concurrent
resolution on the budget that would achieve a bal-
anced budget by fiscal year 2002.
(3) Policy options to achieve the additional lev-
els of deficit reduction necessary to balance the
budget of the United States by fiscal year 2002.
SEC. 6703. CONGRESSIONAL ACTION.
Each House of Congress shall incorporate the policy
options included in the report of its Committee on the
Budget under section 6702(a)(3) (or other policy options)
in developing a concurrent resolution on the budget for
any fiscal year that achieves the additional levels of deficit
reduction necessary to balance the budget of the United
States by fiscal year 2002.
SEC. 6704. PRESIDENTIAL ACTION.
If the President submits a budget under section
1105(a) of title 31, United States Code, that does not pro-
vide for a balanced budget for the United States by fiscal
year 2002, then the President shall include with that sub-
245
mission a complete budget that balances the budget by
that fiscal year.
Passed the House of Representatives April 5, 1995.
Attest:
Clerk.
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