A bill entitled the "Guaranteed Deficit Reduction Act of 1993".

SECTION 1. ADJUSTMENT OF APPROPRIATIONS COMMITTEES SECTION 302 
              ALLOCATIONS AND SUBALLOCATIONS.

    Section 302(e) of the Congressional Budget Act of 1974 is amended 
by inserting ``(1)'' before ``At'' and by adding at the end the 
following new paragraphs:
    ``(2) If--
            ``(A) a general appropriation bill as reported by the 
        Committee on Appropriations of the House of Representatives is 
        amended and that bill as passed by the House reduces the amount 
        appropriated for any program, project, or activity from the 
        amount appropriated for that program, project, or activity in 
        that bill as so reported; and
            ``(B) that bill as passed by the Senate reduces the amount 
        appropriated for the same program, project, or activity from 
        the amount appropriated for that program, project, or activity 
        in that bill as reported initially in the House of 
        Representatives;
then, upon the passage of that bill by both Houses of Congress, the 
suballocations for that fiscal year made by each Committee on 
Appropriations under subsection (b)(1) to the subcommittee with 
jurisdiction over that measure shall be reduced by the sum of the 
lesser amount of reductions made for each such program, project, or 
activity by the House of Representatives or the Senate, as the case may 
be, and that committee shall report to its House--
            ``(i) an adjusted suballocation for that subcommittee with 
        the appropriate reductions in levels of total new budget 
        outlays and total new budget authority; and
            ``(ii) an adjusted allocation for the committee that is 
        reduced by the reductions in new budget outlays and new budget 
        authority made under clause (i).
    ``(3) Further Adjustments of Appropriations Committees Allocations 
and Suballocations.--Upon the enactment of any rescission bill, the 
suballocations for that fiscal year made by each Committee on 
Appropriations under subsection (b)(1) to any subcommittee with 
jurisdiction over that bill shall be reduced by the sum of the 
rescissions contained in that bill over which it has jurisdiction, and 
that committee shall report to its House--
            ``(A) an adjusted suballocation for that subcommittee with 
        the appropriate reductions in levels of total new budget 
        outlays and total new budget authority; and
            ``(B) an adjusted allocation for the committee that is 
        reduced by the reductions in new budget outlays and new budget 
        authority made under subparagraph (A).''.

SEC. 2. ADJUSTMENT OF APPROPRIATIONS COMMITTEES SECTION 602 ALLOCATIONS 
              AND SUBALLOCATIONS.

    Section 602 of the Congressional Budget Act of 1974 is amended by 
adding at the end the following new subsections:
    ``(f) Adjustments of Appropriations Committees Allocations and 
Suballocations.--If--
            ``(1) a general appropriation bill as reported by the 
        Committee on Appropriations of the House of Representatives is 
        amended and that bill as passed by that House reduces the 
        amount appropriated for any program, project, or activity from 
        the amount appropriated for that program, project, or activity 
        in that bill as so reported; and
            ``(2) that bill as passed by the Senate reduces the amount 
        appropriated for the same program, project, or activity from 
        the amount appropriated for that program, project, or activity 
        in that bill as reported initially in the House of 
        Representatives;
then, upon the passage of that bill by both Houses of Congress, the 
suballocations for that fiscal year made by each Committee on 
Appropriations under subsection (b)(1) to the subcommittee with 
jurisdiction over that measure shall be reduced by the sum of the 
lesser amount of reductions made for each such program, project, or 
activity by the House of Representatives or the Senate, as the case may 
be, and that committee shall report to its House--
            ``(A) an adjusted suballocation for that subcommittee with 
        the appropriate reductions in levels of total new budget 
        outlays and total new budget authority; and
            ``(B) an adjusted allocation for the committee that is 
        reduced by the reductions in new budget outlays and new budget 
        authority made under subparagraph (A).
    ``(g) Further Adjustments of Appropriations Committees Allocations 
and Suballocations.--Upon the passage of any rescission bill by both 
Houses of Congress, the suballocations for that fiscal year made by 
each Committee on Appropriations under subsection (b)(1) to any 
subcommittee with jurisdiction over that bill shall be reduced by the 
sum of the rescissions contained in that bill over which it has 
jurisdiction, and that committee shall report to its House--
            ``(1) an adjusted suballocation for that subcommittee with 
        the appropriate reductions in levels of total new budget 
        outlays and total new budget authority; and
            ``(2) an adjusted allocation for the committee that is 
        reduced by the reductions in new budget outlays and new budget 
        authority made under paragraph (1).''.

SEC. 3. CBO TRACKING.

    Section 202 of the Congressional Budget Act of 1974 is amended by 
adding at the end the following new subsection:
    ``(i) Scorekeeping Assistance.--To facilitate compliance by the 
Committees on Appropriations with sections 302(e)(2) and 602(f), the 
Office shall score all general appropriation measures as passed the 
House of Representatives and as passed the Senate and have such 
scorecard published in the Congressional Record.''.

SEC. 4. ADJUSTMENT OF DISCRETIONARY SPENDING LIMITS.

    Section 601(a)(2) of the Congressional Budget Act of 1974 is 
amended by inserting before the period at the end the following: ``and 
by the amounts of any adjustments pursuant to section 602(f)(2)(B) and 
section 602(g)(2)''.

Summary: Amends the Congressional Budget Act of 1974 to provide for downward adjustment in Appropriations Committees' allocations and suballocations when bills are passed that reduce appropriations and require rescissions.  Requires the Congressional Budget Office to provide scorecards for such measures.