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PROBLEM: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Cat Island National Wildlife Refuge
Establishment Act''.

SEC. 2. FINDINGS.

The Congress finds that--
(1) as the southernmost unleveed portion of the Mississippi
River, Cat Island, Louisiana, is one of the last remaining tracts
in the lower Mississippi Valley that is still influenced by the
natural dynamics of the river;
(2) Cat Island supports one of the highest densities of virgin
bald cypress trees in the entire Mississippi River Valley,
including the Nation's champion cypress tree which is 17 feet wide
and has a circumference of 53 feet;
(3) Cat Island is important habitat for several declining
species of forest songbirds and supports thousands of wintering
waterfowl;
(4) Cat Island supports high populations of deer, turkey, and
furbearers, such as mink and bobcats;
(5) conservation and enhancement of this area through inclusion
in the National Wildlife Refuge System would help meet the habitat
conservation goals of the North American Waterfowl Management Plan;
(6) these forested wetlands represent one of the most valuable
and productive wildlife habitat types in the United States, and
have extremely high recreational value for hunters, anglers,
birdwatchers, nature photographers, and others; and
(7) the Cat Island area is deserving of inclusion in the
National Wildlife Refuge System.

SEC. 3. DEFINITIONS.

For purposes of this Act--
(1) the term ''Refuge'' means the Cat Island National Wildlife
Refuge; and
(2) the term ''Secretary'' means the Secretary of the Interior.

SEC. 4. PURPOSES.

The purposes for which the Refuge is established and shall be
managed are--
(1) to conserve, restore, and manage habitats as necessary to
contribute to the migratory bird population goals and habitat
objective as established through the Lower Mississippi Valley Joint
Venture;
(2) to conserve, restore, and manage the significant aquatic
resource values associated with the area's forested wetlands and to
achieve the habitat objectives of the ''Mississippi River Aquatic
Resources Management Plan'';
(3) to conserve, enhance, and restore the historic native
bottomland community characteristics of the lower Mississippi
alluvial valley and its associated fish, wildlife, and plant
species;
(4) to conserve, enhance, and restore habitat to maintain and
assist in the recovery of endangered, and threatened plants and
animals; and
(5) to encourage the use of volunteers and facilitate
partnerships among the United States Fish and Wildlife Service,
local communities, conservation organizations, and other non-
Federal entities to promote public awareness of the resources of
the Refuge and the National Wildlife Refuge System and public
participation in the conservation of those resources.

SEC. 5. ESTABLISHMENT OF REFUGE.

(a) Acquisition Boundary.--The Secretary is authorized to establish
the Cat Island National Wildlife Refuge, consisting of approximately
36,500 acres of land and water, as depicted upon a map entitled ''Cat
Island National Wildlife Refuge-Proposed'', dated February 8, 2000, and
available for inspection in appropriate offices of the United States
Fish and Wildlife Service.
(b) Boundary Revisions.--The Secretary may make such minor
revisions of the boundary designated under this section as may be
appropriate to carry out the purposes of the Refuge or to facilitate
the acquisition of property within the Refuge.
(c) Acquisition.--The Secretary is authorized to acquire the lands
and waters, or interests therein, within the acquisition boundary
described in subsection (a) of this section.
(d) Establishment.--The Secretary shall establish the Refuge by
publication of a notice to that effect in the Federal Register and
publications of local circulation whenever sufficient property has been
acquired to constitute an area that can be efficiently managed as a
National Wildlife Refuge.

SEC. 6. ADMINISTRATION.

(a) In General.--The Secretary shall administer all lands, waters,
and interests therein acquired under this Act in accordance with the
National Wildlife Refuge System Administration Act (16 U.S.C. 668dd et
seq.). The Secretary may use such additional statutory authority as may
be available for the conservation of fish and wildlife, and the
provision of fish- and wildlife-oriented recreational opportunities as
the Secretary considers appropriate to carry out the purposes of this
Act.
(b) Priority Uses.--In providing opportunities for compatible fish-
and wildlife-oriented recreation, the Secretary, in accordance with
paragraphs (3) and (4) of section 4(a) of the National Wildlife Refuge
System Administration Act of 1966 (16 U.S.C. 668dd(a)), shall ensure
that hunting, fishing, wildlife observation and photography, and
environmental education and interpretation are the priority public uses
of the Refuge.

SEC. 7. AUTHORIZATION OF APPROPRIATIONS.

There are authorized to be appropriated to the Department of the
Interior--
(1) such funds as may be necessary for the acquisition of lands
and waters designated in section 5(c); and
(2) such funds as may be necessary for the development,
operation, and maintenance of the Refuge.

SEC. 8. DESIGNATION OF HERBERT H. BATEMAN EDUCATION AND ADMINISTRATIVE
CENTER.

(a) In General.--A building proposed to be located within the
boundaries of the Chincoteague National Wildlife Refuge, on Assateague
Island, Virginia, shall be known and designated as the ''Herbert H.
Bateman Education and Administrative Center''.
(b) References.--Any reference in a law, map, regulation, document,
paper, or other record of the United States to the building referred to
in subsection (a) shall be deemed to be a reference to the Herbert H.
Bateman Education and Administrative Center.

SEC. 9. TECHNICAL CORRECTIONS.

(a) Effective on the day after the date of the enactment of the Act
entitled, ''An Act to reauthorize the Junior Duck Stamp Conservation
and Design Program Act of 1994'' (106th Congress), section 6 of the
Junior Duck Stamp Conservation and Design Program Act of 1994 (16
U.S.C. 668dd note; Public Law 103-340), relating to an environmental
education center and refuge, is redesignated as section 7.
(b) Effective on the day after the date of the enactment of the
Cahaba River National Wildlife Refuge Establishment Act (106th
Congress), section 6 of that Act is amended--
(1) in paragraph (2), by striking ''the Endangered Species Act
of 1973 (16 U.S.C. 1331 et seq.)'' and inserting ''the Endangered
Species Act of 1973 (16 U.S.C. 1531 et seq.)''; and
(2) in paragraph (3), by striking ''section 4(a)(3) and (4) of
the National Wildlife Refuge System Administration Act of 1966 (16
U.S.C. 668ee(a)(3), (4))'' and inserting ''paragraphs (3) and (4)
of section 4(a) of the National Wildlife Refuge System
Administration Act of 1966 (16 U.S.C. 668dd(a))''.
(c) Effective on the day after the date of the enactment of the Red
River National Wildlife Refuge Act (106th Congress), section 4(b)(2)(D)
of that Act is amended by striking ''section 4(a)(3) and (4) of the
National Wildlife Refuge System Administration Act of 1966 (16 U.S.C.
668ee(a)(3), (4))'' and inserting ''paragraphs (3) and (4) of section
4(a) of the National Wildlife Refuge System Administration Act of 1966
(16 U.S.C. 668dd(a))''.

Speaker of the House of Representatives.

Vice President of the United States and
President of the Senate.

SOLUTION: Directs the Secretary, in providing opportunities for compatible fish- and wildlife-oriented recreation on the Refuge, to ensure that hunting, fishing, wildlife observation and photography, and environmental education and interpretation are the priority public uses of the Refuge.
Authorizes appropriations.
Designates a building proposed to be located within the Chincoteague National Wildlife Refuge on Assateague Island, Virginia, as the Herbert H. Bateman Education And Administrative Center.

PROBLEM: OF CONFLICTS.

To the extent permitted by law, disagreements or conflicts between
or among agency heads or between OMB and any agency that cannot be
resolved by the Administrator of OIRA shall be resolved by the
President or a designee of the President.

SEC. 8. PUBLICATION.

Except to the extent required by law, an agency shall not publish
in the Federal Register or otherwise issue to the public any regulatory
action that is subject to review under section 6 until--
(1) the Administrator of OIRA notifies the agency that OIRA
has waived its review of the action or has completed its review
without any requests for further consideration, or
(2) the applicable time period in section 6(b)(2) expires
without OIRA having notified the agency that it is returning
the regulatory action for further consideration under section
6(b)(3),
whichever occurs first. If the terms of the preceding sentence have not
been satisfied and an agency wants to publish or otherwise issue a
regulatory action, the head of that agency may request Presidential
consideration through the Administrator of OIRA, as provided under
section 8. Upon receipt of this request, the Administrator of OIRA
shall notify the Advisers. The guidelines and time period set forth in
section 8 shall apply to the publication of regulatory actions for
which Presidential consideration has been sought.

SEC. 9. AGENCY AUTHORITY.

Nothing in this Act shall be construed as displacing the agencies'
authority or responsibilities, as authorized by law.

SEC. 10. JUDICIAL REVIEW.

Nothing in this Act shall affect any otherwise available judicial
review of agency action. This Act is intended only to improve the
internal management of the Federal Government and does not create any
right or benefit, substantive or procedural, enforceable at law or
equity by a party against the United States, its agencies or
instrumentalities, its officers or employees, or any other person.

SEC. 11. DEFINITIONS.

For purposes of this Act:
(1) The term ''Advisers'' refers to such regulatory policy
advisers to the President as the President and the
Administrator of OIRA may from time to time consult, including,
among others--
(A) the Director of OMB;
(B) the Chair (or another member) of the Council of
Economic Advisers;
(C) the Assistant to the President for Economic
Policy;
(D) the Assistant to the President for Domestic
Policy;
(E) the Assistant to the President for National
Security Affairs;
(F) the Assistant to the President for Science and
Technology;
(G) the Assistant to the President for
Intergovernmental Affairs;
(H) the Assistant to the President and Staff
Secretary;
(I) the Assistant to the President and Chief of
Staff to the Administrator of OIRA;
(J) the Assistant to the President and Counsel to
the President; and
(K) the Deputy Assistant to the President and
Director of the White House Office on Environmental
Policy.
(2) Except as provided in section 4(f), the term ''agency''
means any authority of the United States that is an ''agency''
under section 3502(1) of title 44, United States Code, other
than those considered to be independent regulatory agencies, as
defined in section 3502(10) of title 44, United States Code.
(3) The term ''Director'' means the Director of OMB.
(4) The term ''regulation'' or ''rule'' means an agency
statement of general applicability and future effect, which the
agency intends to have the force and effect of law, that is
designed to implement, interpret, or prescribe law or policy or
to describe the procedure or practice requirements of an
agency. It does not, however, include--
(A) regulations or rules issued in accordance with
the formal rulemaking provisions of sections 556 and
557 of title 5, United States Code;
(B) regulations or rules that pertain to a military
or foreign affairs function of the United States, other
than procurement regulations and regulations involving
the import or export of non-defense articles and
services;
(C) regulations or rules that are limited to agency
organization, management, or personnel matters; or
(D) any other category of regulations exempted by
the Administrator of OIRA.
(5) The term ''regulatory action'' means any substantive
action by an agency (normally published in the Federal
Register) that promulgates or is expected to lead to the
promulgation of a final rule or regulation, including notices
of inquiry, advance notices of proposed rulemaking, and notices
of proposed rulemaking.
(6) The term ''significant regulatory action'' means any
regulatory action that is likely to result in a rule that may--
(A) have an annual effect on the economy of $100
million or more or adversely affect in a material way
the economy, a sector of the economy, productivity,
competition, jobs, the environment, public health or
safety, or State, local, or tribal governments or
communities;
(B) create a serious inconsistency or otherwise
interfere with an action taken or planned by another
agency;
(C) materially alter the budgetary impact of
entitlements, grants, user fees, or loan programs or
the rights and obligations of recipients thereof; or
(D) raise novel legal or policy issues arising out
of legal mandates, the President's priorities, or the
principles set forth in this Act.

SOLUTION: Government Regulatory Improvement and Performance Act of 1998 - Declares that: (1) Federal agencies should promulgate only such regulations as are required by law, necessary to interpret the law, or necessary to protect and promote or improve the health and safety of the public, the environment, or the well-being of the American people; and (2) in deciding whether and how to regulate, agencies should assess all costs and benefits of available regulatory alternatives, including the alternative of not regulating.
Sets forth principles of regulation to ensure that the agencies' regulatory programs are consistent with such philosophy, including that each agency: (1) identify the problem that it intends to address by regulation, assess its significance, and if possible conduct a risk analysis; (2) identify and assess available alternatives to direct regulation; (3) wherever feasible, seek views of appropriate State, local, and tribal officials before imposing requirements that might significantly or uniquely affect those governmental entities.
(Sec. 3) Directs the Office of Management and Budget to carry out coordinated review of agency rulemaking. Designates its Office of Information and Regulatory Affairs (OIRA) as the repository of expertise concerning regulatory issues.
(Sec. 4) Directs the OIRA Administrator, early in each year's planning cycle, to convene a meeting of the regulatory policy advisers to the President and agency heads to seek a common understanding of priorities and to coordinate regulatory efforts for the upcoming year.
Requires each agency to prepare: (1) a unified regulatory agenda of all regulations under development or review; and (2) a regulatory plan of the most important significant regulatory actions that the agency reasonably expects to issue in that fiscal year or thereafter.
Directs the Administrator to: (1) convene and chair a regulatory working group, which shall meet at least quarterly, to assist agencies in identifying and analyzing important regulatory issues; (2) meet quarterly, along with agency heads, with representatives of State, local, and tribal governments to identify exiting and proposed regulations that may uniquely or significantly affect those governmental entities; and (3) convene periodic conferences with representatives of businesses, nongovernmental organizations, and the public to discuss regulatory issues.
(Sec. 5) Requires that: (1) each agency submit to OIRA a program under which the agency will periodically review its existing significant regulations; and (2) any significant regulations selected for review be included in the agency's annual plan, and the agency identify any legislative mandates that require the agency to promulgate or continue to impose unnecessary or outdated regulations.
(Sec. 5) Requires each agency to: (1) submit to the OIRA a program under which the agency will periodically review its existing significant regulations for possible modification or elimination; (2) provide the public with meaningful participation in the regulatory process and a meaningful opportunity to comment on any proposed regulation, generally including a comment period of not less than 60 days; and (2) explore and, where appropriate, use consensual mechanisms for developing regulations, including negotiated rulemaking.
Directs: (1) each agency head to designate a Regulatory Policy Office; (2) each agency to develop its regulatory actions in a timely fashion and adhere to specified procedures; (3) each agency to provide the OIRA with a list of its planned regulatory actions, including significant regulatory actions; and (4) the Administrator to provide meaningful guidance and oversight.
(Sec. 8) Prohibits an agency from publishing a regulation until the Administrator has waived review of the action, completed such review, or the review period has passed, whichever occurs first.

PROBLEM: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Taxpayer Protection Lock-box Act of
1995''.

SEC. 2. TAXPAYER PROTECTION LOCK-BOX LEDGER.

(a) Establishment of Ledger.--Title III of the Congressional Budget
Act of 1974 is amended by adding at the end the following new section:

''taxpayer protection lock-box ledger

''Sec. 314. (a) Establishment of Ledger.--The Director of the
Congressional Budget Office (hereinafter in this section referred to as
the 'Director') shall maintain a ledger to be known as the 'Taxpayer
Protection Lock-box Ledger'. The Ledger shall be divided into entries
corresponding to the subcommittees of the Committees on Appropriations.
Each entry shall consist of three parts: the 'House Lock-box Balance';
the 'Senate Lock-box Balance'; and the 'Joint House-Senate Lock-box
Balance'.
''(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 appropriation bill by the House of
Representatives and upon the engrossment of that bill by the Senate,
credit to the applicable 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 resulting 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 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 outlays in the Senate Lock-box Balance for that bill.
''(3) 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 reported 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 appropriation bill, and any bill or
joint resolution making supplemental, deficiency, or continuing
appropriations through the end of a fiscal year.''.
(b) Conforming Amendment.--The table of contents set forth in
section 1(b) of the Congressional Budget and Impoundment Control Act of
1974 is amended by inserting after the item relating to section 313 the
following new item:

''Sec. 314. Taxpayer protection lock-box ledger.''.

SEC. 3. TALLY DURING HOUSE OR SENATE CONSIDERATION.

There shall be available to Members in the House of Representatives
and the Senate during consideration of any appropriations bill by the
House and the Senate a running tally of the amendments adopted
reflecting increases and decreases of budget authority in the bill as
reported.

SEC. 4. DOWNWARD ADJUSTMENT OF 602(a) ALLOCATIONS AND SECTION 602(b)
SUBALLOCATIONS.

(a) Allocations.--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 amendments 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 Appropriations 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-Senate 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 adjustment 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 adjustments in the
most recent suballocations of new budget 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 Appropriations of that House and shall be printed
in the Congressional Record.''.

SEC. 5. 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. 6. DOWNWARD ADJUSTMENT OF DISCRETIONARY SPENDING LIMITS.

The discretionary spending limits for new budget authority 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 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
Balances 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 statement of law: ''As required by section
6 of the Taxpayer Protection Lock-box Act of 1995, for fiscal year
[insert appropriate fiscal year] and each outyear, the adjusted
discretionary 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 section 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 reports under
sections 254(g) and 254(h) of the Balanced Budget and Emergency Deficit
Control Act of 1985.

SEC. 7. EFFECTIVE DATE.

(a) In General.--The provisions of sections 1 through 6 of this Act
shall apply to all appropriation bills making appropriations for fiscal
year 1996 or any subsequent fiscal year.
(b) FY96 Application.--In the case of any appropriation bill for
fiscal year 1996 engrossed by the House of Representatives after August
4, 1995, and before the date of enactment of this Act, the Director of
the Congressional Budget Office, the Director of the Office of
Management and Budget, and the Committees on Appropriations 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 Act 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 the Budget and on
Appropriations of the House of Representatives pursuant to this Act and
the amendments made by it regarding appropriation 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 appropriation bill, and any bill or
joint resolution making supplemental, deficiency, or continuing
appropriations through the end of a fiscal year.

SEC. 8. ADJUSTMENT FOR STIMULATIVE EFFECT OF REVENUE REDUCTIONS.

(a) Amount of Adjustment.--
(1) OMB.--Effective in 1996 and not later than October 15
of each year, the Director of OMB shall calculate stimulative
effect by determining the amount by which actual revenues
exceed the projected level of revenues set forth in paragraph
(2) and then estimating the amount of the excess (fiscal
dividend excess) attributable to provisions of the Balanced
Budget Act of 1995 reducing revenues.
(2) Projected level of revenues.--The projected level of
revenues referred to in paragraph (1) are as follows:
(A) For fiscal year 1996, $1,416,000,000.
(B) For fiscal year 1997, $1,450,000,000.
(C) For fiscal year 1998, $1,518,000,000.
(D) For fiscal year 1999, $1,587,000,000.
(E) For fiscal year 2000, $1,667,000,000.
(F) For fiscal year 2001, $1,757,000,000.
(G) For fiscal year 2002, $1,853,000,000.
(3) CBO certification.--Not later than October 20, the
Director of the CBO shall certify the estimates and projections
of the Director of OMB made under this subsection. If the
Director of CBO cannot certify the estimates and projections,
the Director shall notify Congress and the President of the
disagreement and submit revised estimates.
(b) Reduction of Deficit.--If the Director of OMB determines that a
fiscal dividend excess exists under subsection (a) and on November 1,
the President may--
(1) direct the Secretary of the Treasury to pay an amount
not to exceed the level of excess to retire debt obligations of
the United States; or
(2) submit a legislative proposal to Congress for reducing
taxes by the amount of excess not dedicated to deficit
reduction to be considered by Congress as provided in
subsection (c).
(c) Expedited Procedure.--
(1) Introduction.--Not later than 3 days after the
President submits a legislative proposal under subsection
(b)(2), the Majority Leaders of the Senate and the House of
Representatives shall introduce the proposal in their
respective Houses as a bill. If the bill described in the
preceding sentence is not introduced as provided in the
preceding sentence, then, on the 4th day after the submission
of the legislative proposal by the President, any Member of
that House may introduce the bill.
(2) Referral to committee.--A bill described in paragraph
(1) introduced in the House of Representatives shall be
referred to the Committee on Ways and Means of the House of
Representatives. A bill described in paragraph (1) introduced
in the Senate shall be referred to the Committee on Finance of
the Senate. If more than 1 bill is introduced as provided in
paragraph (1), the committee shall consider and report the
first bill introduced. Amendments to the bill in committee may
not reduce revenues in the bill below the amount proposed by
the President. Such a bill may not be reported before the 8th
day after its introduction.
(3) Discharge of committee.--If the committee to which is
referred a bill described in paragraph (1) has not reported
such bill at the end of 15 calendar days after its
introduction, such committee shall be deemed to be discharged
from further consideration of such bill and such bill shall be
placed on the appropriate calendar of the House involved.
(4) Floor consideration.--
(A) In general.--When the committee to which a bill
is referred has reported, or has been deemed to be
discharged (under paragraph (3)) from further
consideration of, a bill described in paragraph (1), it
is at any time thereafter in order (even though a
previous motion to the same effect has been disagreed
to) for any Member of the respective House to move to
proceed to the consideration of the bill, and all
points of order against the bill (and against
consideration of the bill) are waived. The motion is
highly privileged in the House of Representatives and
is privileged in the Senate and is not debatable. The
motion is not subject to amendment, or to a motion to
postpone, or to a motion to proceed to the
consideration of other business. A motion to reconsider
the vote by which the motion is agreed to or disagreed
to shall not be in order. If a motion to proceed to the
consideration of the bill is agreed to, the bill shall
remain the unfinished business of the respective House
until disposed of.
(B) Debate.--Consideration of the bill, and on all
debatable motions and appeals in connection therewith,
shall be limited to not more than 20 hours, which shall
be divided equally between those favoring and those
opposing the bill. A motion further to limit debate is
in order and not debatable. A motion to postpone, or a
motion to proceed to the consideration of other
business, or a motion to recommit the bill is not in
order. A motion to reconsider the vote by which the
bill is agreed to or disagreed to is not in order.
Debate on amendments to the bill shall be limited to 30
minutes equally divided. Amendments to the bill may not
reduce revenues in the bill below the amount proposed
by the President.
(C) Vote on final passage.--Immediately following
the conclusion of the debate on a bill described in
paragraph (1), and a single quorum call at the
conclusion of the debate if requested in accordance
with the rules of the appropriate House, the vote on
final passage of the bill shall occur.
(D) Rulings of the chair on procedure.--Appeals
from the decisions of the Chair relating to the
application of the rules of the Senate or the House of
Representatives, as the case may be, to the procedure
relating to a bill described in paragraph (1) shall be
decided without debate.
(5) Coordination with action by other house.--If, before
the passage by one House of a bill of that House described in
paragraph (1), that House receives from the other House a bill
described in paragraph (1), then the following procedures shall
apply:
(A) The bill of the other House shall not be
referred to a committee.
(B) With respect to a bill described in paragraph
(1) of the House receiving the bill--
(i) the procedure in that House shall be
the same as if no bill had been received from
the other House; but
(ii) the vote on final passage shall be on
the bill of the other House.
(6) Rules of house of representatives and senate.--This
subsection is enacted by Congress--
(A) as an exercise of the rulemaking power of the
Senate and House of Representatives, respectively, and
as such it is deemed a part of the rules of each House,
respectively, but applicable only with respect to the
procedure to be followed in that House in the case of a
bill described in paragraph (1), and it supersedes
other rules only to the extent that it is inconsistent
with such rules; and
(B) with full recognition of the constitutional
right of either House to change the rules (so far as
relating to the procedure of that House) at any time,
in the same manner and to the same extent as in the
case of any other rule of that House.
(d) Deficit Reduction if Tax Reductions Not Enacted.--If tax
reductions are not enacted by December 31 of the year of the submission
of a legislative proposal under subsection (b)(2), the President shall
pay an amount equal to the amount by which revenues are not reduced to
deficit reduction as provided in subsection (b)(1).
(e) Definition.--For purposes of this section, the term
''stimulative economic effect of any laws reducing revenues'' refers to
laws that have the effect of stimulating savings, investment, job
creation, and economic growth.
(f) Maximum Deficit Amount.--
(1) Levels.--Section 601(a)(1) of the Congressional Budget
Act of 1974 is amended to read as follows:
''(1) Maximum deficit amount.--The term 'maximum deficit
amount' means--
''(A) with respect to fiscal year 1996,
$166,000,000,000;
''(B) with respect to fiscal year 1997,
$168,000,000,000;
''(C) with respect to fiscal year 1998,
$135,000,000,000;
''(D) with respect to fiscal year 1999,
$133,000,000,000;
''(E) with respect to fiscal year 2000,
$88,000,000,000;
''(F) with respect to fiscal year 2001,
$32,000,000,000;
''(E) with respect to fiscal year 2002, a surplus
of $13,000,000,000; and
''(F) with respect to fiscal year 2003 and fiscal
years thereafter, zero.''.
(2) MDA point of order.--Section 605(b) of the
Congressional Budget Act of 1974 is amended to read as follows:
''(b) Maximum Deficit Point of Order.--
''(1) In general.--It shall not be in order in the House of
Representatives or the Senate to consider any bill, joint
resolution, amendment, or conference report that includes any
provision that would result in a deficit for a fiscal year that
exceeds the maximum deficit amount for such fiscal year.
''(2) Waiver or suspension.--This subsection may be waived
or suspended in the House of Representatives or the Senate only
by the affirmative vote of three-fifths of the Members, duly
chosen and sworn.''.
(3) Sixty vote point of order.--Section 904 of the
Congressional Budget Act of 1974 is amended--
(A) in the second sentence of subsection (c) by inserting
''605(b),'' after ''601(b), ''; and
(B) in the third sentence of subsection (d) by inserting
''605(b),'' after ''601(b), ''.
S 1452 RS----2

SOLUTION:
Taxpayer Protection Lock-box Act of 1995 - Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office (CBO) to establish a ledger to be known as the "Taxpayer Protection Lock-box Ledger." Requires the ledger to be divided into entries corresponding to the Appropriations Subcommittees. Requires each entry to consist of three parts: (1) the House Lock-box Balance; (2) the Senate Lock-box Balance; and (3) the Joint House-Senate Lock-box Balance. Limits components in an entry of the ledger to amounts credited to it and prohibits negative amounts from being made to the ledger. Sets forth provisions concerning the crediting of amounts of new budget authority and outlays to the applicable entry balance.
(Sec. 3) Requires that a running tally of the amendments adopted which reflect increases and decreases of budget authority in the bill as reported be available to Members of Congress during consideration of any appropriations bill.
(Sec. 4) Provides for the downward adjustment of allocations of new budget authority and outlays and the most recent suballocations of new budget authority and outlays.
(Sec. 5) Requires periodic reporting of ledger statements to be included in reports issued on congressional actions on legislation providing new budget authority or tax expenditures.
(Sec. 6) Provides for the downward adjustment of discretionary spending limits for new budget authority and outlays. Waives the requirement that legislation dealing with the congressional budget be handled by the Budget Committees.
(Sec. 8) Authorizes the Director of the Office of Management and Budget (OMB) to calculate the stimulative effect of revenue reductions. Lists the projected level of revenues for FY 1996 through 2002. Directs the CBO Director to certify the estimates and projections of the OMB Director and conditions that if the Director cannot certify the estimates and projections, he must: (1) notify the Congress and the President of the disagreement; and (2) submit revised estimates. Permits the President on November 1, if the OMB Director determines that a fiscal dividend excess exists from the adjustment, to: (1) direct the Secretary of the Treasury to pay an amount not exceeding the excess level to retire U.S. debt obligations; or (2) submit a legislative proposal to the Congress for reducing taxes by the amount of excess not dedicated for deficit reduction. Provides for an expedited procedure for the introduction and referral to committee of the President's legislative proposal as a bill. Specifies maximum deficit amounts for FY 1996 through 2003. Provides for a maximum deficit amount point of order in the House or the Senate.