box Balance the amounts of new budget authority
and outlays equal to—
‘‘(A) an amount equal to one-half of the
sum of (i) the amount of new budget authority
in the House Lock-box Balance plus (ii) the
amount of new budget authority in the Senate
Lock-box Balance for that bill; and
‘‘(B) an amount equal to one-half of the
sum of (i) the amount of outlays in the House
Lock-box Balance plus (ii) the amount of out-
lays in the Senate Lock-box Balance for that
bill, under section 314(c), as calculated by the
Director of the Congressional Budget Office.
‘‘(d) CALCULATION OF LOCK-BOX SAVINGS IN
SENATEFor purposes of calculating under this sec-
tion the net amounts of reductions in new budget
authority and in outlays resulting from amendments
agreed to by the Senate on an appropriation bill, the
amendments reported to the Senate by its Commit-
tee on Appropriations shall be considered to be part
of the original text of the bill.
‘‘(e) DEFINITION.—As used in this section, the
term ‘appropriation bill’ means any general or spe-
cial appropriation bill, and any bill or joint resolu-
tion making supplemental, deficiency, or continuing
appropriations through the end of a fiscal year.’’.
(b) CONFORMING AMENDMENT.—The table of con-
tents set forth in section 1(b) of the Congressional Budget
and Impoundment Control Act of 1974 is amended by in-
serting after the item relating to section 313 the following
new item:
‘‘Sec. 314. Deficit reduction lock-box account.’’
SEC. 703. TALLY
DURING
HOUSE
CONSIDER-
ATION.—There shall be available to Members in the House
of Representatives during consideration of any appropria-
tions bill by the House a running tally of the amendments
adopted reflecting increases and decreases of budget au-
thority in the bill as reported.
Sec. 704. DOWNWARD ADJUSTMENT OF 602(A) ALLO-
CATIONS AND SECTION 602(B) SUBALLOCATIONS.—(a) AL-
LOCATIONS.—Section 602(a) of the Congressional Budget
Act of 1974 is amended by adding at the end the following
new paragraph:
‘‘(5) Upon the engrossment of Senate amend-
ments to any appropriation bill (as defined in section
314(d)) for a fiscal year, the amounts allocated
under paragraph (1) or (2) to the Committee on Ap-
propriations of each House upon the adoption of the
most recent concurrent resolution on the budget for
that fiscal year shall be adjusted downward by the
amounts credited to the applicable Joint House-Sen-
ate Lock-box Balance under section 314(c)(2), as
calculated by the Director of the Congressional
Budget Office, and the revised levels of budget au-
thority and outlays shall be submitted to each House
by the chairman of the Committee on the Budget of
that House and shall be printed in the Congressional
Record.’’.
(b) SUBALLOCATIONS.—Section 602(b)(1) of the
Congressional Budget Act of 1974 is amended by adding
at the end the following new sentence: ‘‘Whenever an ad-
justment is made under subsection (a)(5) to an allocation
under that subsection, the Director of the Congressional
Budget Office shall make downward adjustments in the
most recent suballocations of new budget authority and
outlays under subparagraph (A) to the appropriate sub-
committees of that committee in the total amounts of
those adjustments under section 314(c)(2). The revised
suballocations shall be submitted to each House by the
chairman of the Committee on Appropriations of that
House and shall be printed in the Congressional Record.’’.
SEC. 705. PERIODIC
REPORTING
OF
ACCOUNT
STATEMENTS.—Section 308(b)(1) of the Congressional
Budget Act of 1974 is amended by adding at the end the
following new sentence: ‘‘Such reports shall also include
an up-to-date tabulation of the amounts contained in the
account and each subaccount established by section
314(a).’’.
SEC. 706. DOWNWARD ADJUSTMENT
OF DISCRE-
TIONARY SPENDING LIMITS.—The discretionary spending
limit for new budget authority for any fiscal year set forth
in section 601(a)(2) of the Congressional Budget Act of
1974, as adjusted in strict conformance with section 251
of the Balanced Budget and Emergency Deficit Control
Act of 1985, shall be reduced by the amount of the adjust-
ment to the section 602(a) allocations made under section
602(a)(5) of the Congressional Budget Act of 1974, as
calculated by the Director of the Office of Management
and Budget. The adjusted discretionary spending limit for
outlays for that fiscal year, as set forth in such section
601(a)(2), shall be reduced as a result of the reduction
of such budget authority, as calculated by the Director of
the Office of Management and Budget based upon pro-
grammatic and other assumptions set forth in the joint
explanatory statement of managers accompanying the con-
ference report on that bill. Reductions (if any) shall occur
upon the enactment of all regular appropriation bills for
a fiscal year or a resolution making continuing appropria-
tions through the end of that fiscal year. This adjustment
shall be reflected in reports under sections 254(g) and
254(h) of the Balanced Budget and Emergency Deficit
Control Act of 1985.
SEC. 707. EFFECTIVE DATE.—(a) IN GENERAL.—This
title shall apply to all appropriation bills making appro-
priations for fiscal year 1996 or any subsequent fiscal
year.
(b) FY96 APPLICATION.—In the case of any appro-
priation bill for fiscal year 1996 engrossed by the House
of Representatives on or after the date this bill was en-
grossed by the House of Representatives and before the
date of enactment of this bill, the Director of the Congres-
sional Budget Office, the Director of the Office of Man-
agement and Budget, and the Committees on Appropria-
tions and the Committees on the Budget of the House of
Representatives and of the Senate shall, within 10 cal-
endar days after that date of enactment of this Act, carry
out the duties required by this title and amendments made
by it that occur after the date this Act was engrossed by
the House of Representatives.
(c) FY96 ALLOCATIONS.—The duties of the Director
of the Congressional Budget Office and of the Committees
on Budget and on Appropriations of the House of Rep-
resentatives pursuant to this title and the amendments
made by it regarding appropriation bills for fiscal year