(1) in the side heading of subsection (a), by
striking ‘‘1991–1998’’ and inserting ‘‘1995–2000’’;
(2) in the first sentence of subsection (b)(1), by
striking ‘‘1992, 1993, 1994, 1995, 1996, 1997 or
1998’’ and inserting ‘‘1995, 1996, 1997, 1998, 1999,
or 2000’’ and by striking ‘‘through 1998’’ and insert-
ing ‘‘through 2000’’;
(3) in subsection (b)(1), by striking subpara-
graphs (B) and (C) and by striking ‘‘the following:’’
and all that follows through ‘‘The adjustments’’ and
inserting ‘‘the following: the adjustments’’;
(4) in subsection (b)(2), by striking ‘‘1991, 1992,
1993, 1994, 1995, 1996, 1997, or 1998’’ and inserting
‘‘1995, 1996, 1997, 1998, 1999, or 2000’’ and by
striking ‘‘through 1998’’ and inserting ‘‘through
2000’’;
(5) by striking subparagraphs (A), (B), and (C)
of subsection (b)(2);
(6) in subsection (b)(2)(E), by striking clauses
(i), (ii), and (iii) and by striking ‘‘(iv) if, for fiscal
years 1994, 1995, 1996, 1997, and 1998’’ and insert-
ing ‘‘If, for fiscal years 1995, 1996, 1997, 1998, 1999,
and 2000’’; and
(7) in subsection (b)(2)(F), strike everything
after ‘‘the adjustment in outlays’’ and insert ‘‘for a
category for a fiscal year shall not exceed 0.5 percent
of the adjusted discretionary spending limit on out-
lays for that fiscal year in fiscal year 1996, 1997,
1998, 1999, or 2000.’’.
SEC. 5. ENFORCING PAY-AS-YOU-GO.
Section 252 of the Balanced Budget and Emergency
Deficit Control Act of 1985 is amended—
(1) in the side heading of subsection (a), by
striking ‘‘1992–1998’’ and inserting ‘‘1995–2000’’;
(2) in subsection (d), by striking ‘‘1998’’ each
place it appears and inserting ‘‘2000’’; and
(3) in subsection (e), by striking ‘‘1991 through
1998’’ and inserting ‘‘1995 through 2000’’ and by
striking ‘‘through 1995’’ and inserting ‘‘through
2000’’.
SEC. 6. REPORTS AND ORDERS.
Section 254 of the Balanced Budget and Emergency
Deficit Control Act of 1985 is amended—
(1) in subsection (d)(2), by striking ‘‘1998’’ and
inserting ‘‘2000’’; and
(2) in subsection (g), by striking ‘‘1998’’ each
place it appears and inserting ‘‘2000’’.
SEC. 7. TECHNICAL CORRECTION.
Section 258 of the Balanced Budget and Emergency
Deficit Control Act of 1985, entitled ‘‘Modification of Presi-
dential Order’’, is repealed.
SEC. 8. EFFECTIVE DATE.
(a) EXPIRATION.—Section 275(b) of the Balanced
Budget and Emergency Deficit Control Act of 1985 is
amended by striking ‘‘1995’’ and inserting ‘‘2000’’.
(b) EXPIRATION.—Section 14002(c)(3) of the Omnibus
Budget Reconciliation Act of 1993 (2 U.S.C. 900 note; 2
U.S.C. 665 note) is repealed.
SEC. 9. SPECIAL RULE ON INTERRELATIONSHIP BETWEEN
CHANGES IN DISCRETIONARY SPENDING LIM-
ITS AND PAY-AS-YOU-GO REQUIREMENTS.
(a)(1) Section 252 of the Balanced Budget and Emer-
gency Deficit Control Act of 1985 is amended by adding
at the end the following new subsection:
‘‘(f) SPECIAL RULE
ON INTERRELATIONSHIP BE-
TWEEN SECTIONS 251 AND 252.—(1) Whenever a reconcili-
ation Act decreases the discretionary spending limits for
outlays and provides that that decrease shall be used to off-
set all or part of an increase in direct spending or decrease
in receipts (or both) in that Act and reduces the discre-
tionary spending limits for budget authority by an amount
equal to or greater than the amount that budget authority
would be as calculated using the composite spendout rate,
then the reduction in receipts or increase in outlays for di-
rect spending (that is so offset) shall not be reflected in esti-
mates under subsection (d).
‘‘(2) As used in this subsection:
‘‘(A) The term ‘composite spendout rate’ means
a computational relationship between outlays and
new budget authority as follows: 60 percent for the
first year, 22 percent for the second year, 12 percent
for the third year, 4 percent for the fourth year, and
1 percent for the fifth year.
‘‘(B) The term ‘reconciliation Act’ refers to a rec-
onciliation bill (as used in section 310 of the Congres-
sional Budget Act of 1974) after it is enacted into
law.’’.
(2) Section 310(a) of the Congressional Budget Act of
1974 is amended by striking ‘‘or’’ at the end of paragraph
(3), by redesignating paragraph (4) as paragraph (5) and
by striking ‘‘and (3)’’ in such redesignated paragraph (5)
and inserting ‘‘(3), and (4)’’, and by inserting after para-
graph (3) the following new paragraph:
‘‘(4) carry out section 252(f) of the Balanced
Budget and Emergency Deficit Control Act of 1985;
or’’.
(b) To the extent that a deficit increase in any fiscal
year through 2000 caused by changes in direct spending
and receipts resulting from this Act, the Personal Respon-
sibility Act of 1995, or the Contract With America Tax Re-
lief Act of 1995 is offset by reductions in the limit on discre-
tionary outlays as provided by section 2 over the 5 fiscal
year period beginning with fiscal year 1996, such changes
in direct spending and receipts shall not be reflected in esti-
mates under section 252(d) of the Balanced Budget and
Emergency Deficit Control Act of 1985. For purposes of this
subsection, reductions in the limit on discretionary outlays
for fiscal years 1999 and 2000 shall be measured as reduc-
tions from the discretionary spending limit for outlays for
fiscal year 1998 as in effect immediately before the enact-
ment of this Act.
(c) In the OMB final sequestration report for fiscal
year 1996—
(1) all adjustments required by section 251(b)(2)
made after the preview report for fiscal year 1996
shall be made to the discretionary spending limits set
forth in 601(a)(2) of the Congressional Budget Act of
1974 as amended by section 2; and
(2) all statutory changes in the discretionary
spending limits made by the Personal Responsibility
Act of 1995 or by the Act entitled ‘‘An Act making
emergency supplemental appropriations for addi-
tional disaster assistance and making rescissions for
the fiscal year ending September 30, 1995, and for
other purposes’’ shall be made to those limits.
Æ