545
box Balance’; and the ‘Joint House-Senate Lock-box Bal-
ance’.
‘‘(b) COMPONENTS OF LEDGER.—Each component
in an entry shall consist only of amounts credited to it
under subsection (c). No entry of a negative amount shall
be made.
‘‘(c) CREDIT OF AMOUNTS TO LEDGER.—(1) The
Director shall, upon the engrossment of any appropria-
tion bill by the House of Representatives and upon the
engrossment of that bill by the Senate, credit to the ap-
plicable entry balance of that House amounts of new
budget authority and outlays equal to the net amounts of
reductions in new budget authority and in outlays result-
ing from amendments agreed to by that House to that
bill.
‘‘(2) The Director shall, upon the engrossment of
Senate amendments to any appropriation bill, credit to
the applicable Joint House-Senate Lock-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 budg-
et authority in the Senate Lock-box Balance for that
bill; and
546
‘‘(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 outlays in the Sen-
ate Lock-box Balance for that bill.
‘‘(3) CALCULATION OF LOCK-BOX SAVINGS IN SEN-
ATE.—For purposes of calculating under this section 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 re-
ported to the Senate by its Committee on Appropriations
shall be considered to be part of the original text of the
bill.
‘‘(d) DEFINITION.—As used in this section, the term
‘appropriation bill’ means any general or special appro-
priation bill, and any bill or joint resolution making sup-
plemental, 
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 Budg-
et and Impoundment Control Act of 1974 is amended by
inserting after the item relating to section 313 the follow-
ing new item:
‘‘Sec. 314. Deficit reduction lock-box ledger.’’.
SEC. 603. TALLY DURING HOUSE CONSIDERATION.
There shall be available to Members in the House of
Representatives during consideration of any appropria-
547
tions bill by the House a running tally of the amend-
ments adopted reflecting increases and decreases of budg-
et authority in the bill as reported.
SEC. 604. DOWNWARD ADJUSTMENT OF 602(a) ALLOCA-
TIONS 
AND 
SECTION 
602(b)
SUBALLOCATIONS.
(a) ALLOCATIONS.—Section 602(a) of the Congres-
sional 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). The
revised levels of budget authority 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-
548
justment is made under subsection (a)(5) to an allocation
under that subsection, the chairman of the Committee on
Appropriations of each House shall make downward ad-
justments in the most recent suballocations of new budg-
et authority and outlays under subparagraph (A) to the
appropriate subcommittees 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 Appropria-
tions of that House and shall be printed in the Congres-
sional Record.’’.
SEC. 605. PERIODIC REPORTING OF LEDGER 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 ledger
and each entry established by section 314(a).’’.
SEC. 606. DOWNWARD ADJUSTMENT OF DISCRETIONARY
SPENDING LIMITS.
The discretionary spending limits for new budget au-
thority and outlays 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 amounts set forth in the
549
final regular appropriation bill for that fiscal year or
joint 
resolution 
making 
continuing 
appropriations
through the end of that fiscal year. Those amounts shall
be the sums of the Joint House-Senate Lock-box Bal-
ances for that fiscal year, as calculated under section
602(a)(5) of the Congressional Budget Act of 1974. That
bill or joint resolution shall contain the following state-
ment of law: ‘‘As required by section 6 of the Deficit Re-
duction Lock-box Act of 1995, for fiscal year [insert ap-
propriate fiscal year] and each outyear, the adjusted dis-
cretionary spending limit for new budget authority shall
be reduced by $ [insert appropriate amount of reduction]
and the adjusted discretionary limit for outlays shall be
reduced by $ [insert appropriate amount of reduction] for
the budget year and each outyear.’’ Notwithstanding sec-
tion 904(c) of the Congressional Budget Act of 1974,
section 306 of that Act as it applies to this statement
shall be waived. This adjustment shall be reflected in re-
ports under sections 254(g) and 254(h) of the Balanced
Budget and Emergency Deficit Control Act of 1985.
SEC. 607. EFFECTIVE DATE.
(a) IN GENERAL.—This title shall apply to all ap-
propriations bills making appropriations for fiscal year
1996 or any subsequent fiscal year.
550
(b) FY96 APPLICATION.—In the case of any appro-
priation bill for fiscal year 1996 engrossed by the House
of Representatives after August 4, 1995 and before the
date of enactment of this bill, the Director of the Con-
gressional Budget Office, the Director of the Office of
Management and Budget, and the Committees on Appro-
priations and the Committees on the Budget of the
House of Representatives and of the Senate shall, within
10 calendar 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 Direc-
tor of the Congressional Budget Office and of the Com-
mittees on the Budget and on Appropriations of the
House of Representatives pursuant to this title and the
amendments made by it regarding appropriations bills for
fiscal year 1996 shall be based upon the revised section
602(a) allocations in effect on August 4, 1995.
(d) DEFINITION.—As used in this section, the term
‘‘Appropriation bill’’ means any general or special appro-
priation bill, and any bill or joint resolution making sup-
plemental, 
deficiency, 
or 
continuing 
appropriations
through the end of a fiscal year.
551
This Act may be cited as the ‘‘Balanced Budget
Down Payment Act, II.’’
Passed the House of Representatives March 7,
1996.
Attest:
Clerk.