[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. Con. Res. 18 Placed on Calendar Senate (PCS)]
Calendar No. 34
103d CONGRESS
1st Session
S. CON. RES. 18
[Report No. 103-19]
_______________________________________________________________________
CONCURRENT RESOLUTION
Setting forth the congressional budget for the United States Government
for fiscal years 1994, 1995, 1996, 1997, and 1998.
_______________________________________________________________________
March 12, 1993
Reported, under authority of the order of the Senate of March 11
(legislative day, March 3), 1993, the following original concurrent
resolution; which was placed on the calendar
Calendar No. 34
103d CONGRESS
1st Session
S. CON. RES. 18
[Report No. 103-19]
Setting forth the congressional budget for the United States Government
for fiscal years 1994, 1995, 1996, 1997, and 1998.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 12, 1993
Mr. Sasser, from the Committee on the Budget, reported under authority
of the order of the Senate of March 11 (legislative day, March 3),
1993, the following original concurrent resolution; which was placed on
the calendar
_______________________________________________________________________
CONCURRENT RESOLUTION
Setting forth the congressional budget for the United States Government
for fiscal years 1994, 1995, 1996, 1997, and 1998.
Resolved by the Senate (the House of Representatives concurring),
SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 1994.
(a) Declaration.--The Congress determines and declares that this
resolution is the concurrent resolution on the budget for fiscal year
1994, including the appropriate budgetary levels for fiscal years 1995,
1996, 1997, and 1998, as required by section 301 of the Congressional
Budget Act of 1974 (as amended by the Budget Enforcement Act of 1990).
(b) Table of Contents.--The table of contents for this concurrent
resolution is as follows:
Sec. 1. Concurrent resolution on the budget for fiscal year 1994.
Sec. 2. Recommended levels and amounts.
Sec. 3. Debt increase as a measure of deficit.
Sec. 4. Display of Federal retirement trust fund balances.
Sec. 5. Social security.
Sec. 6. Major functional categories.
Sec. 7. Reconciliation.
Sec. 8. Sale of Government assets.
Sec. 9. Deficit-neutral reserve fund.
Sec. 10. Social security fire wall point of order in the Senate.
Sec. 11. Enforcement procedures.
Sec. 12. Debt limit in reconciliation.
SEC. 2. RECOMMENDED LEVELS AND AMOUNTS.
The following budgetary levels are appropriate for the fiscal years
1994, 1995, 1996, 1997, and 1998:
(1) Federal revenues.--(A) For purposes of comparison with
the maximum deficit amount under sections 601(a)(1) and 606 of
the Congressional Budget Act of 1974 and for purposes of the
enforcement of this resolution--
(i) The recommended levels of Federal revenues are
as follows:
Fiscal year 1994: $914,200,000,000.
Fiscal year 1995: $979,800,000,000.
Fiscal year 1996: $1,042,400,000,000.
Fiscal year 1997: $1,095,200,000,000.
Fiscal year 1998: $1,144,200,000,000.
(ii) The amounts by which the aggregate levels of
Federal revenues should be increased are as follows:
Fiscal year 1994: $36,100,000,000.
Fiscal year 1995: $46,500,000,000.
Fiscal year 1996: $62,700,000,000.
Fiscal year 1997: $75,500,000,000.
Fiscal year 1998: $74,200,000,000.
(iii) The amounts for Federal Insurance
Contributions Act revenues for hospital insurance
within the recommended levels of Federal revenues are
as follows:
Fiscal year 1994: $5,600,000,000.
Fiscal year 1995: $12,100,000,000.
Fiscal year 1996: $13,300,000,000.
Fiscal year 1997: $14,500,000,000.
Fiscal year 1998: $15,700,000,000.
(B) For purposes of section 710 of the Social Security Act
(excluding the receipts and disbursements of the Hospital
Insurance Trust Fund)--
(i) The recommended levels of Federal revenues are
as follows:
Fiscal year 1994: $821,100,000,000.
Fiscal year 1995: $875,000,000,000.
Fiscal year 1996: $931,300,000,000.
Fiscal year 1997: $978,500,000,000.
Fiscal year 1998: $1,021,800,000,000.
(ii) The amounts by which the aggregate levels of
Federal revenues should be increased are as follows:
Fiscal year 1994: $33,200,000,000.
Fiscal year 1995: $40,400,000,000.
Fiscal year 1996: $55,800,000,000.
Fiscal year 1997: $67,800,000,000.
Fiscal year 1998: $65,700,000,000.
(2) New budget authority.--(A) For purposes of comparison
with the maximum deficit amount under sections 601(a)(1) and
606 of the Congressional Budget Act of 1974 and for purposes of
the enforcement of this resolution, the appropriate levels of
total new budget authority are as follows:
Fiscal year 1994: $1,221,700,000,000.
Fiscal year 1995: $1,285,400,000,000.
Fiscal year 1996: $1,342,700,000,000.
Fiscal year 1997: $1,408,100,000,000.
Fiscal year 1998: $1,487,000,000,000.
(B) For purposes of section 710 of the Social Security Act
(excluding the receipts and disbursements of the Hospital
Insurance Trust Fund), the appropriate levels of total new
budget authority are as follows:
Fiscal year 1994: $1,134,600,000,000.
Fiscal year 1995: $1,187,900,000,000.
Fiscal year 1996: $1,234,300,000,000.
Fiscal year 1997: $1,288,500,000,000.
Fiscal year 1998: $1,354,300,000,000.
(3) Budget outlays.--(A) For purposes of comparison with
the maximum deficit amount under sections 601(a)(1) and 606 of
the Congressional Budget Act of 1974 and for purposes of the
enforcement of this resolution, the appropriate levels of total
budget outlays are as follows:
Fiscal year 1994: $1,220,700,000,000.
Fiscal year 1995: $1,279,300,000,000.
Fiscal year 1996: $1,318,600,000,000.
Fiscal year 1997: $1,367,000,000,000.
Fiscal year 1998: $1,448,700,000,000.
(B) For purposes of section 710 of the Social Security Act
(excluding the receipts and disbursements of the Hospital
Insurance Trust Fund), the appropriate levels of total budget
outlays are as follows:
Fiscal year 1994: $1,135,300,000,000.
Fiscal year 1995: $1,183,100,000,000.
Fiscal year 1996: $1,211,500,000,000.
Fiscal year 1997: $1,248,000,000,000.
Fiscal year 1998: $1,316,400,000,000.
(4) Deficits.--(A) For purposes of comparison with the
maximum deficit amount under sections 601(a)(1) and 606 of the
Congressional Budget Act of 1974 and for purposes of the
enforcement of this resolution, the amounts of the deficits are
as follows:
Fiscal year 1994: $306,500,000,000.
Fiscal year 1995: $299,500,000,000.
Fiscal year 1996: $276,200,000,000.
Fiscal year 1997: $271,800,000,000.
Fiscal year 1998: $304,500,000,000.
(B) For purposes of section 710 of the Social Security Act
(excluding the receipts and disbursements of the Hospital
Insurance Trust Fund), the amounts of the deficits are as
follows:
Fiscal year 1994: $314,200,000,000.
Fiscal year 1995: $308,100,000,000.
Fiscal year 1996: $280,200,000,000.
Fiscal year 1997: $269,500,000,000.
Fiscal year 1998: $294,600,000,000.
(5) Public debt.--The appropriate levels of the public debt
are as follows:
Fiscal year 1994: $4,723,700,000,000.
Fiscal year 1995: $5,082,500,000,000.
Fiscal year 1996: $5,428,800,000,000.
Fiscal year 1997: $5,780,800,000,000.
Fiscal year 1998: $6,161,400,000,000.
(6) Direct loan obligations.--The appropriate levels of
total new direct loan obligations are as follows:
Fiscal year 1994: $11,700,000,000.
Fiscal year 1995: $12,200,000,000.
Fiscal year 1996: $24,300,000,000.
Fiscal year 1997: $37,500,000,000.
Fiscal year 1998: $38,700,000,000.
(7) Primary loan guarantee commitments.--The appropriate
levels of new primary loan guarantee commitments are as
follows:
Fiscal year 1994: $149,800,000,000.
Fiscal year 1995: $149,400,000,000.
Fiscal year 1996: $141,700,000,000.
Fiscal year 1997: $133,300,000,000.
Fiscal year 1998: $135,600,000,000.
SEC. 3. DEBT INCREASE AS A MEASURE OF DEFICIT.
The amounts of the increase in the public debt subject to
limitation are as follows:
Fiscal year 1994: $363,600,000,000.
Fiscal year 1995: $358,800,000,000.
Fiscal year 1996: $346,300,000,000.
Fiscal year 1997: $351,900,000,000.
Fiscal year 1998: $380,600,000,000.
SEC. 4. DISPLAY OF FEDERAL RETIREMENT TRUST FUND BALANCES.
The balances of the Federal retirement trust funds are as follows:
Fiscal year 1994: $1,056,300,000,000.
Fiscal year 1995: $1,171,100,000,000.
Fiscal year 1996: $1,293,700,000,000.
Fiscal year 1997: $1,418,400,000,000.
Fiscal year 1998: $1,541,900,000,000.
SEC. 5. SOCIAL SECURITY.
(a) Social Security Revenues.--For purposes of Senate enforcement
under sections 302 and 311 of the Congressional Budget Act of 1974, the
amounts of revenues of the Federal Old-Age and Survivors Insurance
Trust Fund and the Federal Disability Insurance Trust Fund are as
follows:
Fiscal year 1994: $336,300,000,000.
Fiscal year 1995: $356,400,000,000.
Fiscal year 1996: $375,700,000,000.
Fiscal year 1997: $393,000,000,000.
Fiscal year 1998: $410,500,000,000.
(b) Social Security Outlays.--For purposes of Senate enforcement
under sections 302 and 311 of the Congressional Budget Act of 1974, the
amounts of outlays of the Federal Old-Age and Survivors Insurance Trust
Fund and the Federal Disability Insurance Trust Fund are as follows:
Fiscal year 1994: $274,813,000,000.
Fiscal year 1995: $286,457,000,000.
Fiscal year 1996: $297,401,000,000.
Fiscal year 1997: $308,456,000,000.
Fiscal year 1998: $319,408,000,000.
SEC. 6. MAJOR FUNCTIONAL CATEGORIES.
The Congress determines and declares that the appropriate levels of
new budget authority, budget outlays, new direct loan obligations, new
primary loan guarantee commitments, and new secondary loan guarantee
commitments for fiscal years 1994 through 1998 for each major
functional category are:
(1) National Defense (050):
Fiscal year 1994:
(A) New budget authority, $263,500,000,000.
(B) Outlays, $277,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$500,000,000.
Fiscal year 1995:
(A) New budget authority, $262,600,000,000.
(B) Outlays, $272,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$500,000,000.
Fiscal year 1996:
(A) New budget authority, $253,800,000,000.
(B) Outlays, $264,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$500,000,000.
Fiscal year 1997:
(A) New budget authority, $248,400,000,000.
(B) Outlays, $249,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$500,000,000.
Fiscal year 1998:
(A) New budget authority, $254,100,000,000.
(B) Outlays, $252,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$500,000,000.
(2) International Affairs (150):
Fiscal year 1994:
(A) New budget authority, $19,100,000,000.
(B) Outlays, $19,000,000,000.
(C) New direct loan obligations,
$2,700,000,000.
(D) New primary loan guarantee commitments,
$16,900,000,000.
Fiscal year 1995:
(A) New budget authority, $19,100,000,000.
(B) Outlays, $18,400,000,000.
(C) New direct loan obligations,
$2,800,000,000.
(D) New primary loan guarantee commitments,
$17,300,000,000.
Fiscal year 1996:
(A) New budget authority, $18,400,000,000.
(B) Outlays, $17,900,000,000.
(C) New direct loan obligations,
$2,800,000,000.
(D) New primary loan guarantee commitments,
$17,800,000,000.
Fiscal year 1997:
(A) New budget authority, $18,300,000,000.
(B) Outlays, $17,800,000,000.
(C) New direct loan obligations,
$2,800,000,000.
(D) New primary loan guarantee commitments,
$18,200,000,000.
Fiscal year 1998:
(A) New budget authority, $18,500,000,000.
(B) Outlays, $17,900,000,000.
(C) New direct loan obligations,
$2,900,000,000.
(D) New primary loan guarantee commitments,
$18,700,000,000.
(3) General Science, Space, and Technology (250):
Fiscal year 1994:
(A) New budget authority, $18,400,000,000.
(B) Outlays, $17,800,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $18,800,000,000.
(B) Outlays, $18,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $20,100,000,000.
(B) Outlays, $19,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $21,400,000,000.
(B) Outlays, $20,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $21,800,000,000.
(B) Outlays, $21,500,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(4) Energy (270):
Fiscal year 1994:
(A) New budget authority, $4,700,000,000.
(B) Outlays, $3,800,000,000.
(C) New direct loan obligations,
$1,800,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $5,500,000,000.
(B) Outlays, $4,000,000,000.
(C) New direct loan obligations,
$1,800,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $4,900,000,000.
(B) Outlays, $3,800,000,000.
(C) New direct loan obligations,
$1,800,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $5,100,000,000.
(B) Outlays, $4,000,000,000.
(C) New direct loan obligations,
$1,800,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $5,100,000,000.
(B) Outlays, $3,800,000,000.
(C) New direct loan obligations,
$1,800,000,000.
(D) New primary loan guarantee commitments,
$0.
(5) Natural Resources and Environment (300):
Fiscal year 1994:
(A) New budget authority, $21,200,000,000.
(B) Outlays, $21,600,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $23,000,000,000.
(B) Outlays, $21,900,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $23,600,000,000.
(B) Outlays, $22,600,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $24,600,000,000.
(B) Outlays, $23,300,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $24,500,000,000.
(B) Outlays, $23,500,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
(6) Agriculture (350):
Fiscal year 1994:
(A) New budget authority, $15,300,000,000.
(B) Outlays, $14,500,000,000.
(C) New direct loan obligations,
$600,000,000.
(D) New primary loan guarantee commitments,
$7,000,000,000.
Fiscal year 1995:
(A) New budget authority, $14,000,000,000.
(B) Outlays, $12,500,000,000.
(C) New direct loan obligations,
$600,000,000.
(D) New primary loan guarantee commitments,
$7,000,000,000.
Fiscal year 1996:
(A) New budget authority, $13,100,000,000.
(B) Outlays, $11,100,000,000.
(C) New direct loan obligations,
$600,000,000.
(D) New primary loan guarantee commitments,
$7,000,000,000.
Fiscal year 1997:
(A) New budget authority, $12,900,000,000.
(B) Outlays, $11,000,000,000.
(C) New direct loan obligations,
$7,000,000,000.
(D) New primary loan guarantee commitments,
$7,100,000,000.
Fiscal year 1998:
(A) New budget authority, $12,800,000,000.
(B) Outlays, $11,100,000,000.
(C) New direct loan obligations,
$700,000,000.
(D) New primary loan guarantee commitments,
$7,100,000,000.
(7) Commerce and Housing Credit (370):
Fiscal year 1994:
(A) New budget authority, $17,000,000,000.
(B) Outlays, $8,700,000,000.
(C) New direct loan obligations,
$2,700,000,000.
(D) New primary loan guarantee commitments,
$78,100,000,000.
Fiscal year 1995:
(A) New budget authority, $17,100,000,000.
(B) Outlays, $13,300,000,000.
(C) New direct loan obligations,
$2,700,000,000.
(D) New primary loan guarantee commitments,
$80,100,000,000.
Fiscal year 1996:
(A) New budget authority, $14,100,000,000.
(B) Outlays, $3,700,000,000.
(C) New direct loan obligations,
$2,800,000,000.
(D) New primary loan guarantee commitments,
$82,100,000,000.
Fiscal year 1997:
(A) New budget authority, $10,100,000,000.
(B) Outlays, -$10,100,000,000.
(C) New direct loan obligations,
$2,900,000,000.
(D) New primary loan guarantee commitments,
$84,100,000,000.
Fiscal year 1998:
(A) New budget authority, $10,900,000,000.
(B) Outlays, -$6,700,000,000.
(C) New direct loan obligations,
$2,900,000,000.
(D) New primary loan guarantee commitments,
$86,300,000,000.
(8) Transportation (400):
Fiscal year 1994:
(A) New budget authority, $40,900,000,000.
(B) Outlays, $36,800,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $41,600,000,000.
(B) Outlays, $38,100,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $43,000,000,000.
(B) Outlays, $40,000,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $44,700,000,000.
(B) Outlays, $41,800,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $46,000,000,000.
(B) Outlays, $43,200,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$0.
(9) Community and Regional Development (450):
Fiscal year 1994:
(A) New budget authority, $9,000,000,000.
(B) Outlays, $8,900,000,000.
(C) New direct loan obligations,
$2,100,000,000.
(D) New primary loan guarantee commitments,
$2,400,000,000.
Fiscal year 1995:
(A) New budget authority, $8,700,000,000.
(B) Outlays, $8,500,000,000.
(C) New direct loan obligations,
$2,100,000,000.
(D) New primary loan guarantee commitments,
$2,500,000,000.
Fiscal year 1996:
(A) New budget authority, $8,900,000,000.
(B) Outlays, $8,200,000,000.
(C) New direct loan obligations,
$2,200,000,000.
(D) New primary loan guarantee commitments,
$2,500,000,000.
Fiscal year 1997:
(A) New budget authority, $9,100,000,000.
(B) Outlays, $8,500,000,000.
(C) New direct loan obligations,
$2,300,000,000.
(D) New primary loan guarantee commitments,
$2,600,000,000.
Fiscal year 1998:
(A) New budget authority, $9,400,000,000.
(B) Outlays, $8,700,000,000.
(C) New direct loan obligations,
$2,300,000,000.
(D) New primary loan guarantee commitments,
$2,600,000,000.
(10) Education, Training, Employment, and Social Services
(500):
Fiscal year 1994:
(A) New budget authority, $54,900,000,000.
(B) Outlays, $51,800,000,000.
(C) New direct loan obligations,
$500,000,000.
(D) New primary loan guarantee commitments,
$21,300,000,000.
Fiscal year 1995:
(A) New budget authority, $56,400,000,000.
(B) Outlays, $53,500,000,000.
(C) New direct loan obligations,
$100,000,000.
(D) New primary loan guarantee commitments,
$22,600,000,000.
Fiscal year 1996:
(A) New budget authority, $60,100,000,000.
(B) Outlays, $51,200,000,000.
(C) New direct loan obligations,
$12,800,000,000.
(D) New primary loan guarantee commitments,
$11,700,000,000.
Fiscal year 1997:
(A) New budget authority, $62,900,000,000.
(B) Outlays, $59,200,000,000.
(C) New direct loan obligations,
$25,700,000,000.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $68,000,000,000.
(B) Outlays, $64,100,000,000.
(C) New direct loan obligations,
$26,800,000,000.
(D) New primary loan guarantee commitments,
$0.
(11) Health (550):
Fiscal year 1994:
(A) New budget authority, $118,700,000,000.
(B) Outlays, $117,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$400,000,000.
Fiscal year 1995:
(A) New budget authority, $131,700,000,000.
(B) Outlays, $130,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$400,000,000.
Fiscal year 1996:
(A) New budget authority, $146,700,000,000.
(B) Outlays, $145,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$500,000,000.
Fiscal year 1997:
(A) New budget authority, $163,400,000,000.
(B) Outlays, $161,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$500,000,000.
Fiscal year 1998:
(A) New budget authority, $181,600,000,000.
(B) Outlays, $179,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$500,000,000.
(12) Medicare (570):
Fiscal year 1994:
(A) New budget authority, $151,300,000,000.
(B) Outlays, $149,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $171,700,000,000.
(B) Outlays, $167,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $184,300,000,000.
(B) Outlays, $183,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $201,700,000,000.
(B) Outlays, $201,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $221,600,000,000.
(B) Outlays, $221,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(13) For purposes of section 710 of the Social Security
Act, Federal Supplementary Medical Insurance Trust Fund:
Fiscal year 1994:
(A) New budget authority, $51,200,000,000.
(B) Outlays, $51,500,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $61,400,000,000.
(B) Outlays, $58,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $63,800,000,000.
(B) Outlays, $63,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $71,300,000,000.
(B) Outlays, $71,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $80,100,000,000.
(B) Outlays, $80,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(14) Income Security (600):
Fiscal year 1994:
(A) New budget authority, $211,800,000,000.
(B) Outlays, $213,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $220,200,000,000.
(B) Outlays, $221,800,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $236,200,000,000.
(B) Outlays, $231,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $252,600,000,000.
(B) Outlays, $243,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $260,000,000,000.
(B) Outlays, $253,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(15) Social Security (650):
Fiscal year 1994:
(A) New budget authority, $6,100,000,000.
(B) Outlays, $9,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $6,700,000,000.
(B) Outlays, $9,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $7,300,000,000.
(B) Outlays, $10,500,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $7,900,000,000.
(B) Outlays, $11,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $8,600,000,000.
(B) Outlays, $12,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(16) Veterans Benefits and Services (700):
Fiscal year 1994:
(A) New budget authority, $35,300,000,000.
(B) Outlays, $36,800,000,000.
(C) New direct loan obligations,
$1,100,000,000.
(D) New primary loan guarantee commitments,
$23,700,000,000.
Fiscal year 1995:
(A) New budget authority, $36,200,000,000.
(B) Outlays, $36,200,000,000.
(C) New direct loan obligations,
$1,000,000,000.
(D) New primary loan guarantee commitments,
$19,500,000,000.
Fiscal year 1996:
(A) New budget authority, $37,300,000,000.
(B) Outlays, $35,900,000,000.
(C) New direct loan obligations,
$1,100,000,000.
(D) New primary loan guarantee commitments,
$20,100,000,000.
Fiscal year 1997:
(A) New budget authority, $38,200,000,000.
(B) Outlays, $38,200,000,000.
(C) New direct loan obligations,
$1,100,000,000.
(D) New primary loan guarantee commitments,
$20,800,000,000.
Fiscal year 1998:
(A) New budget authority, $39,000,000,000.
(B) Outlays, $39,000,000,000.
(C) New direct loan obligations,
$1,100,000,000.
(D) New primary loan guarantee commitments,
$20,400,000,000.
(17) Administration of Justice (750):
Fiscal year 1994:
(A) New budget authority, $15,500,000,000.
(B) Outlays, $15,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $16,100,000,000.
(B) Outlays, $16,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $16,800,000,000.
(B) Outlays, $16,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $17,500,000,000.
(B) Outlays, $17,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $18,300,000,000.
(B) Outlays, $18,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(18) General Government (800):
Fiscal year 1994:
(A) New budget authority, $13,700,000,000.
(B) Outlays, $13,800,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $13,600,000,000.
(B) Outlays, $14,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $14,500,000,000.
(B) Outlays, $14,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $15,100,000,000.
(B) Outlays, $15,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $15,500,000,000.
(B) Outlays, $15,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(19) Net Interest (900):
Fiscal year 1994:
(A) New budget authority, $239,900,000,000.
(B) Outlays, $239,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $260,000,000,000.
(B) Outlays, $260,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $278,900,000,000.
(B) Outlays, $278,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $296,200,000,000.
(B) Outlays, $296,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $314,000,000,000.
(B) Outlays, $314,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(20) For purposes of section 710 of the Social Security
Act, Net Interest (900):
Fiscal year 1994:
(A) New budget authority, $250,400,000,000.
(B) Outlays, $250,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, $270,300,000,000.
(B) Outlays, $270,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, $288,500,000,000.
(B) Outlays, $288,500,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, $304,400,000,000.
(B) Outlays, $304,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, $320,100,000,000.
(B) Outlays, $320,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(21) The corresponding levels of gross interest on the
public debt are as follows:
Fiscal year 1994: $307,458,000,000.
Fiscal year 1995: $326,949,000,000.
Fiscal year 1996: $345,874,000,000.
Fiscal year 1997: $362,860,000,000.
Fiscal year 1998: $380,168,000,000.
(22) Allowances (920):
Fiscal year 1994:
(A) New budget authority, -$3,900,000,000.
(B) Outlays, -$3,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, -$6,800,000,000.
(B) Outlays, -$6,500,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, -$8,300,000,000.
(B) Outlays, -$8,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, -$10,400,000,000.
(B) Outlays, -$10,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, -$10,600,000,000.
(B) Outlays, -$10,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(23) Undistributed Offsetting Receipts (950):
Fiscal year 1994:
(A) New budget authority, -$30,700,000,000.
(B) Outlays, -$32,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, -$30,800,000,000.
(B) Outlays, -$32,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, -$31,000,000,000.
(B) Outlays, -$32,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, -$31,600,000,000.
(B) Outlays, -$32,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, -$32,100,000,000.
(B) Outlays, -$33,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
(24) For purposes of section 710 of the Social Security
Act, Undistributed Offsetting Receipts (950):
Fiscal year 1994:
(A) New budget authority, -$28,200,000,000.
(B) Outlays, -$29,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1995:
(A) New budget authority, -$28,300,000,000.
(B) Outlays, -$30,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1996:
(A) New budget authority, -$28,500,000,000.
(B) Outlays, -$30,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1997:
(A) New budget authority, -$29,000,000,000.
(B) Outlays, -$29,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
Fiscal year 1998:
(A) New budget authority, -$29,400,000,000.
(B) Outlays, -$30,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$0.
SEC. 7. RECONCILIATION.
(a) In General.--Not later than May 14, 1993, the committees named
in subsections (b) and (c) of this section shall submit their
recommendations to the Committee on the Budget of their respective
Houses. After receiving those recommendations, the Committees on the
Budget shall each report to their respective Houses a reconciliation
bill carrying out all such recommendations without any substantive
revision.
(b) Senate Committees.--
(1) Committee on agriculture, nutrition, and forestry.--(A)
The Senate Committee on Agriculture, Nutrition, and Forestry
shall report changes in laws within its jurisdiction that
provide direct spending (as defined in section 250(c)(8) of the
Balanced Budget and Emergency Deficit Control Act of 1985)
sufficient to reduce outlays: $88,000,000 in fiscal year 1994;
and $2,976,000,000 for the period of fiscal years 1994 through
1998.
(B) The Senate Committee on Agriculture, Nutrition, and
Forestry shall report changes in laws within its jurisdiction
sufficient to increase revenues: $32,000,000 in fiscal year
1994; and $223,000,000 for the period of fiscal years 1994
through 1998.
(2) Committee on armed services.--(A) The Senate Committee
on Armed Services shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce outlays: $0 in fiscal
year 1994; and $0 for the period of fiscal years 1994 through
1998.
(3) Committee on banking, housing, and urban affairs.--(A)
The Senate Committee on Banking, Housing, and Urban Affairs
shall report changes in laws within its jurisdiction that
provide direct spending (as defined in section 250(c)(8) of the
Balanced Budget and Emergency Deficit Control Act of 1985)
sufficient to reduce outlays: $338,000,000 in fiscal year 1994;
and $1,770,000,000 for the period of fiscal years 1994 through
1998.
(B) The Senate Committee on Banking, Housing, and Urban
Affairs shall report changes in laws within its jurisdiction
sufficient to increase revenues: $100,000,000 in fiscal year
1994; and $533,000,000 for the period of fiscal years 1994
through 1998.
(4) Committee on commerce, science, and transportation.--
(A) The Senate Committee on Commerce, Science, and
Transportation shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce outlays:
$1,700,000,000 in fiscal year 1994; and $7,405,000,000 for the
period of fiscal years 1994 through 1998.
(B) The Senate Committee on Commerce, Science, and
Transportation shall report changes in laws within its
jurisdiction sufficient to increase revenues: $0 in fiscal year
1994; and $0 for the period of fiscal years 1994 through 1998.
(5) Committee on energy and natural resources.--(A) The
Senate Committee on Energy and Natural Resources shall report
changes in laws within its jurisdiction that provide direct
spending (as defined in section 250(c)(8) of the Balanced
Budget and Emergency Deficit Control Act of 1985) sufficient to
reduce outlays: $125,000,000 in fiscal year 1994; and
$1,124,000,000 for the period of fiscal years 1994 through
1998.
(B) The Senate Committee on Energy and Natural Resources
shall report changes in laws within its jurisdiction sufficient
to increase revenues: $0 in fiscal year 1994; and $0 for the
period of fiscal years 1994 through 1998.
(6) Committee on environment and public works.--(A) The
Senate Committee on Environment and Public Works shall report
changes in laws within its jurisdiction that provide direct
spending (as defined in section 250(c)(8) of the Balanced
Budget and Emergency Deficit Control Act of 1985) sufficient to
reduce outlays: $13,000,000 in fiscal year 1994; and
$1,254,000,000 for the period of fiscal years 1994 through
1998.
(B) The Senate Committee on Environment and Public Works
shall report changes in laws within its jurisdiction sufficient
to increase revenues: $0 in fiscal year 1994; and $0 for the
period of fiscal years 1994 through 1998.
(7) Committee on finance.--(A) The Senate Committee on
Finance shall report changes in laws within its jurisdiction
that provide direct spending (as defined in section 250(c)(8)
of the Balanced Budget and Emergency Deficit Control Act of
1985) sufficient to reduce outlays: $2,453,000,000 in fiscal
year 1994; and $37,956,000,000 for the period of fiscal years
1994 through 1998.
(B) In addition to the other amounts in this paragraph, the
Senate Committee on Finance shall report changes in laws within
its jurisdiction sufficient to achieve deficit reduction: $0 in
fiscal year 1994; and $0 for the period of fiscal years 1994
through 1998.
(C) The Senate Committee on Finance shall report changes in
laws within its jurisdiction sufficient to increase revenues:
$35,963,000,000 in fiscal year 1994; and $294,254,000,000 for
the period of fiscal years 1994 through 1998.
(D) The Senate Committee on Finance shall increase the
statutory limit on the public debt to $4,723,700,000.
(8) Committee on governmental affairs.--The Senate
Committee on Governmental Affairs shall report changes in laws
within its jurisdiction that provide direct spending (as
defined in section 250(c)(8) of the Balanced Budget and
Emergency Deficit Control Act of 1985) sufficient to reduce
outlays: $46,000,000 in fiscal year 1994; and $10,294,000,000
for the period of fiscal years 1994 through 1998.
(9) Committee on the judiciary.--The Senate Committee on
the Judiciary shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce outlays: $0 in fiscal
year 1994; and $345,000,000 for the period of fiscal years 1994
through 1998.
(10) Committee on labor and human resources.--(A) The
Senate Committee on Labor and Human Resources shall report
changes in laws within its jurisdiction that provide direct
spending (as defined in section 250(c)(8) of the Balanced
Budget and Emergency Deficit Control Act of 1985) sufficient to
reduce outlays: $66,000,000 in fiscal year 1994; and
$6,697,000,000 for the period of fiscal years 1994 through
1998.
(B) The Senate Committee on Labor and Human Resources shall
report changes in laws within its jurisdiction sufficient to
increase revenues: $0 in fiscal year 1994; and $0 for the
period of fiscal years 1994 through 1998.
(11) Committee on small business.--The Senate Committee on
Small Business shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce outlays: $0 in fiscal
year 1994; and $0 for the period of fiscal years 1994 through
1998.
(12) Committee on veterans' affairs.--The Senate Committee
on Veterans' Affairs shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce outlays: $266,000,000
in fiscal year 1994; and $2,580,000,000 for the period of
fiscal years 1994 through 1998.
(c) House Committees.--
(1) Committee on agriculture.--The House Committee on
Agriculture shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce outlays: $88,000,000
in fiscal year 1994; and $2,976,000,000 for the period of
fiscal years 1994 through 1998.
(2) Committee on banking, finance and urban affairs.--(A)
The House Committee on Banking, Finance and Urban Affairs shall
report changes in laws within its jurisdiction that provide
direct spending (as defined in section 250(c)(8) of the
Balanced Budget and Emergency Deficit Control Act of 1985)
sufficient to reduce outlays: $202,000,000 in fiscal year 1994;
and $1,415,000,000 for the period of fiscal years 1994 through
1998.
(B) The House Committee on Banking, Finance and Urban
Affairs shall report changes in laws within its jurisdiction
sufficient to increase revenues: $0 in fiscal year 1994; and $0
for the period of fiscal years 1994 through 1998.
(3) Committee on education and labor.--The House Committee
on Education and Labor shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce outlays: $66,000,000
in fiscal year 1994; and $6,697,000,000 for the period of
fiscal years 1994 through 1998.
(4) Committee on energy and commerce.--The House Committee
on Energy and Commerce shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce outlays:
$1,886,000,000 in fiscal year 1994; and $16,210,000,000 for the
period of fiscal years 1994 through 1998.
(4A) Committee on government operations.--The House
Committee on Government Operations shall report changes in laws
within its jurisdiction that provide direct spending (as
defined in section 250(c)(8) of the Balanced Budget and
Emergency Deficit Control Act of 1985) sufficient to reduce
outlays: $0 in fiscal year 1994; and $693,000,000 for the
period of fiscal years 1994 through 1998.
(5) Committee on interior and insular affairs.--The House
Committee on Interior and Insular Affairs shall report changes
in laws within its jurisdiction that provide direct spending
(as defined in section 250(c)(8) of the Balanced Budget and
Emergency Deficit Control Act of 1985) sufficient to reduce
outlays: $110,000,000 in fiscal year 1994; and $996,000,000 for
the period of fiscal years 1994 through 1998.
(6) Committee on the judiciary.--The House Committee on the
Judiciary shall report changes in laws within its jurisdiction
that provide direct spending (as defined in section 250(c)(8)
of the Balanced Budget and Emergency Deficit Control Act of
1985) sufficient to reduce outlays: $0 in fiscal year 1994; and
$345,000,000 for the period of fiscal years 1994 through 1998.
(7) Committee on merchant marine and fisheries.--The House
Committee on Merchant Marine and Fisheries shall report changes
in laws within its jurisdiction that provide direct spending
(as defined in section 250(c)(8) of the Balanced Budget and
Emergency Deficit Control Act of 1985) sufficient to reduce
outlays: $0 in fiscal year 1994; and $205,000,000 for the
period of fiscal years 1994 through 1998.
(8) Committee on post office and civil service.--The House
Committee on Post Office and Civil Service shall report changes
in laws within its jurisdiction that provide direct spending
(as defined in section 250(c)(8) of the Balanced Budget and
Emergency Deficit Control Act of 1985) sufficient to reduce
outlays: $46,000,000 in fiscal year 1994; and $9,601,000,000
for the period of fiscal years 1994 through 1998.
(9) Committee on public works and transportation.--The
House Committee on Public Works and Transportation shall report
changes in laws within its jurisdiction that provide direct
spending (as defined in section 250(c)(8) of the Balanced
Budget and Emergency Deficit Control Act of 1985) sufficient to
reduce outlays: $31,000,000 in fiscal year 1994; and
$296,000,000 for the period of fiscal years 1994 through 1998.
(10) Committee on science, space, and technology.--The
House Committee on Science, Space, and Technology shall report
changes in laws within its jurisdiction that provide direct
spending (as defined in section 250(c)(8) of the Balanced
Budget and Emergency Deficit Control Act of 1985) sufficient to
reduce outlays: $0 in fiscal year 1994; and $0 for the period
of fiscal years 1994 through 1998.
(11) Committee on veterans' affairs.--The House Committee
on Veterans' Affairs shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce outlays: $266,000,000
in fiscal year 1994; and $2,580,000,000 for the period of
fiscal years 1994 through 1998.
(12) Committee on ways and means.--(A) The House Committee
on Ways and Means shall report changes in laws within its
jurisdiction that provide direct spending (as defined in
section 250(c)(8) of the Balanced Budget and Emergency Deficit
Control Act of 1985) sufficient to reduce budget authority and
outlays: $2,391,000,000 in fiscal year 1994; and
$30,166,000,000 for the period of fiscal years 1994 through
1998.
(B) In addition to the other amounts in this paragraph, the
House Committee on Ways and Means shall report changes in laws
within its jurisdiction sufficient to achieve deficit reduction
$0 in fiscal year 1994; and $0 for the period of fiscal years
1994 through 1998.
(C) The House Committee on Ways and Means shall report
changes in laws within its jurisdiction sufficient to increase
revenues: $36,095,000,000 in fiscal year 1994; and
$295,010,000,000 for the period of fiscal years 1994 through
1998.
(D) The House Committee on Ways and Means shall increase
the statutory limit on the public debt to $4,723,700,000,000.
SEC. 8. SALE OF GOVERNMENT ASSETS.
(a) Sense of the Congress.--It is the sense of the Congress that--
(1) from time to time the United States Government should
sell assets; and
(2) the amounts realized from such asset sales will not
recur on an annual basis and do not reduce the demand for
credit.
(b) Budgetary Treatment.--For purposes of points of order under
this concurrent resolution and the Congressional Budget and Impoundment
Control Act of 1974, the amounts realized from sales of assets (other
than loan assets) shall not be scored with respect to the level of
budget authority, outlays, or revenues.
(c) Definitions.--For purposes of this section--
(1) the term ``sale of an asset'' shall have the same
meaning as under section 250(c)(21) of the Balanced Budget and
Emergency Deficit Control Act of 1985 (as amended by the Budget
Enforcement Act of 1990); and
(2) the term shall not include asset sales mandated by law
before September 18, 1987, and routine, ongoing asset sales at
levels consistent with agency operations in fiscal year 1986.
SEC. 9. DEFICIT-NEUTRAL RESERVE FUND.
(a) Initiatives To Improve the Health and Nutrition of Children and
To Provide for Services To Support and Protect Children, and To Improve
the Well-Being of Families.--
(1) In general.--Budget authority and outlays may be
allocated to a committee or committees for legislation that
increases funding to improve the health and nutrition of
children and to provide for services to support and protect
children, and to improve the well-being of families within such
a committee's jurisdiction if such a committee or the committee
of conference on such legislation reports such legislation, if,
to the extent that the costs of such legislation are not
included in this concurrent resolution on the budget, the
enactment of such legislation will not increase (by virtue of
either contemporaneous or previously passed deficit reduction)
the deficit in this resolution for--
(A) fiscal year 1994; and
(B) the period of fiscal years 1994 through 1998.
(2) Revised allocations.--Upon the reporting of legislation
pursuant to paragraph (1), and again upon the submission of a
conference report on such legislation (if a conference report
is submitted), the Chairman of the Committee on the Budget of
the Senate may file with the Senate appropriately revised
allocations under sections 302(a) and 602(a) of the
Congressional Budget Act of 1974 and revised functional levels
and aggregates to carry out this subsection. Such revised
allocations, functional levels, and aggregates shall be
considered for the purposes of the Congressional Budget Act of
1974 as allocations, functional levels, and aggregates
contained in this concurrent resolution on the budget.
(3) Reporting revised allocations.--The appropriate
committee may report appropriately revised allocations pursuant
to sections 302(b) and 602(b) of the Congressional Budget Act
of 1974 to carry out this subsection.
(b) Economic Growth Initiatives.--
(1) In general.--Budget authority and outlays may be
allocated to a committee or committees for legislation that
increases funding for economic recovery or growth initiatives,
including unemployment compensation, a dislocated worker
program, or other related programs within such a committee's
jurisdiction if such a committee or the committee of conference
on such legislation reports such legislation, if, to the extent
that the costs of such legislation are not included in this
concurrent resolution on the budget, the enactment of such
legislation will not increase (by virtue of either
contemporaneous or previously passed deficit reduction) the
deficit in this resolution for--
(A) fiscal year 1994; and
(B) the period of fiscal years 1994 through 1998.
(2) Revised allocations.--Upon the reporting of legislation
pursuant to paragraph (1), and again upon the submission of a
conference report on such legislation (if a conference report
is submitted), the Chairman of the Committee on the Budget of
the Senate may file with the Senate appropriately revised
allocations under sections 302(a) and 602(a) of the
Congressional Budget Act of 1974 and revised functional levels
and aggregates to carry out this subsection. Such revised
allocations, functional levels, and aggregates shall be
considered for the purposes of the Congressional Budget Act of
1974 as allocations, functional levels, and aggregates
contained in this concurrent resolution on the budget.
(3) Reporting revised allocations.--The appropriate
committee may report appropriately revised allocations pursuant
to section 302(b) and 602(b) of the Congressional Budget Act of
1974 to carry out this subsection.
(c) Continuing Improvements in Ongoing Health Care Programs and
Comprehensive Health Care Reform.--
(1) In general.--Budget authority and outlays may be
allocated to a committee or committees for legislation that
increases funding to make continuing improvements in ongoing
health care programs, to provide for comprehensive health care
reform, or to control health care costs within such a
committee's jurisdiction if such a committee or the committee
of conference on such legislation reports such legislation, if,
to the extent that the costs of such legislation are not
included in this concurrent resolution on the budget, the
enactment of such legislation will not increase (by virtue of
either contemporaneous or previously passed deficit reduction)
the deficit in this resolution for--
(A) fiscal year 1994; and
(B) the period of fiscal years 1994 through 1998.
(2) Revised allocations.--Upon the reporting of legislation
pursuant to paragraph (1), and again upon the submission of a
conference report on such legislation (if a conference report
is submitted), the Chairman of the Committee on the Budget of
the Senate may file with the Senate appropriately revised
allocations under sections 302(a) and 602(a) of the
Congressional Budget Act of 1974 and revised functional levels
and aggregates to carry out this subsection. Such revised
allocations, functional levels, and aggregates shall be
considered for the purposes of the Congressional Budget Act of
1974 as allocations, functional levels, and aggregates
contained in this concurrent resolution on the budget.
(3) Reporting revised allocations.--The appropriate
committee may report appropriately revised allocations pursuant
to sections 302(b) and 602(b) of the Congressional Budget Act
of 1974 to carry out this subsection.
(d) Initiatives To Improve Educational Opportunities for
Individuals at the Early Childhood, Elementary, Secondary, or Higher
Education Levels, or To Invest in the Health or Education of America's
Children.--
(1) In general.--Budget authority and outlays may be
allocated to a committee or committees for direct spending
legislation that increases funding to improve educational
opportunities for individuals at the early childhood,
elementary, secondary, or higher education levels, or to invest
in the health or education of America's children within such a
committee's jurisdiction if such a committee or the committee
of conference on such legislation reports such legislation, if,
to the extent that the costs of such legislation are not
included in this concurrent resolution on the budget, the
enactment of such legislation will not increase (by virtue of
either contemporaneous or previously passed deficit reduction)
the deficit in this resolution for--
(A) fiscal year 1994; and
(B) the period of fiscal years 1994 through 1998.
(2) Revised allocations.--Upon the reporting of legislation
pursuant to paragraph (1), and again upon the submission of a
conference report on such legislation (if a conference report
is submitted), the Chairman of the Committee on the Budget of
the Senate may file with the Senate appropriately revised
allocations under sections 302(a) and 602(a) of the
Congressional Budget Act of 1974 and revised functional levels
and aggregates to carry out this subsection. Such revised
allocations, functional levels, and aggregates shall be
considered for the purposes of the Congressional Budget Act of
1974 as allocations, functional levels, and aggregates
contained in this concurrent resolution on the budget.
(3) Reporting revised allocations.--The appropriate
committee may report appropriately revised allocations pursuant
to sections 302(b) and 602(b) of the Congressional Budget Act
of 1974 to carry out this subsection.
(e) Initiatives To Preserve and Rebuild the United States Maritime
Industry.--
(1) In general.--Budget authority and outlays may be
allocated to a committee or committees for direct spending
legislation that increases funding to preserve and rebuild the
United States maritime industry within such a committee's
jurisdiction if such a committee or the committee of conference
on such legislation reports such legislation, if, to the extent
that the costs of such legislation are not included in this
concurrent resolution on the budget, the enactment of such
legislation will not increase (by virtue of either
contemporaneous or previously passed deficit reduction) the
deficit in this resolution for--
(A) fiscal year 1994; and
(B) the period of fiscal years 1994 through 1998.
(2) Revised allocations.--Upon the reporting of legislation
pursuant to paragraph (1), and again upon the submission of a
conference report on such legislation (if a conference report
is submitted), the Chairman of the Committee on the Budget of
the Senate may file with the Senate appropriately revised
allocations under sections 302(a) and 602(a) of the
Congressional Budget Act of 1974 and revised functional levels
and aggregates to carry out this subsection. Such revised
allocations, functional levels, and aggregates shall be
considered for the purposes of the Congressional Budget Act of
1974 as allocations, functional levels, and aggregates
contained in this concurrent resolution on the budget.
(3) Reporting revised allocations.--The appropriate
committee may report appropriately revised allocations pursuant
to sections 302(b) and 602(b) of the Congressional Budget Act
of 1974 to carry out this subsection.
(f) Initiatives To Reform the Financing of Federal Elections.--
(1) In general.--Budget authority and outlays may be
allocated to a committee or committees for direct spending
legislation that increases funding to reform the financing of
Federal elections within such a committee's jurisdiction if
such a committee or the committee of conference on such
legislation reports such legislation, if, to the extent that
the costs of such legislation are not included in this
concurrent resolution on the budget, the enactment of such
legislation will not increase (by virtue of either
contemporaneous or previously passed deficit reduction) the
deficit in this resolution for--
(A) fiscal year 1994; and
(B) the period of fiscal years 1994 through 1998.
(2) Revised allocations.--Upon the reporting of legislation
pursuant to paragraph (1), and again upon the submission of a
conference report on such legislation (if a conference report
is submitted), the Chairman of the Committee on the Budget of
the Senate may file with the Senate appropriately revised
allocations under sections 302(a) and 602(a) of the
Congressional Budget Act of 1974 and revised functional levels
and aggregates to carry out this subsection. Such revised
allocations, functional levels, and aggregates shall be
considered for the purposes of the Congressional Budget Act of
1974 as allocations, functional levels, and aggregates
contained in this concurrent resolution on the budget.
(3) Reporting revised allocations.--The appropriate
committee may report appropriately revised allocations pursuant
to sections 302(b) and 602(b) of the Congressional Budget Act
of 1974 to carry out this subsection.
(g) Trade-Related Legislation.--
(1) In general.--Budget authority and outlays may be
allocated to a committee or committees and the revenue
aggregates may be reduced for legislation to implement the
North American Free Trade Agreement and any other trade-related
legislation within such a committee's jurisdiction if such a
committee or the committee of conference on such legislation
reports such legislation, if, to the extent that the costs of
such legislation are not included in this concurrent resolution
on the budget, the enactment of such legislation will not
increase (by virtue of either contemporaneous or previously
passed deficit reduction) the deficit in this resolution for--
(A) fiscal year 1994; and
(B) the period of fiscal years 1994 through 1998.
(2) Revised allocations.--Upon the reporting of legislation
pursuant to paragraph (1), and again upon the submission of a
conference report on such legislation (if a conference report
is submitted), the Chairman of the Committee on the Budget of
the Senate may file with the Senate appropriately revised
allocations under sections 302(a) and 602(a) of the
Congressional Budget Act of 1974 and revised functional levels
and aggregates to carry out this subsection. Such revised
allocations, functional levels, and aggregates shall be
considered for the purposes of the Congressional Budget Act of
1974 as allocations, functional levels, and aggregates
contained in this concurrent resolution on the budget.
(3) Reporting revised allocations.--The appropriate
committee may report appropriately revised allocations pursuant
to section 302(b) and 602(b) of the Congressional Budget Act of
1974 to carry out this subsection.
SEC. 10. SOCIAL SECURITY FIRE WALL POINT OF ORDER IN THE SENATE.
(a) Accounting Treatment.--Notwithstanding any other provision of
this resolution, for the purpose of allocations and points of order
under sections 302 and 311 of the Congressional Budget Act of 1974, the
levels of social security outlays and revenues for this resolution
shall be the current services levels.
(b) Application of Section 301(i).--Notwithstanding any other rule
of the Senate, in the Senate, the point of order established under
section 301(i) of the Congressional Budget Act of 1974 shall apply to
any concurrent resolution on the budget for any fiscal year (as
reported and as amended), amendments thereto, or any conference report
thereon.
SEC. 11. ENFORCEMENT PROCEDURES.
(a) Purpose.--The Congress declares that it is essential to--
(1) ensure compliance with the deficit reduction goals
embodied in this resolution;
(2) extend the system of discretionary spending limits set
forth in section 601 of the Congressional Budget Act of 1974;
(3) extend the pay-as-you-go enforcement system;
(4) prohibit the consideration of direct spending or
receipts legislation that would decrease the pay-as-you-go
surplus that the reconciliation bill pursuant to section 7 of
this resolution will create under section 252 of the Balanced
Budget and Emergency Deficit Control Act of 1985;
(5) adopt as part of this concurrent resolution such of the
enforcement procedures set forth in this subsection as this
concurrent resolution may constitutionally include; and
(6) enact, during this session of Congress, such of the
enforcement procedures set forth in this subsection as only
statute may constitutionally include.
(b) Discretionary Spending Limits.--
(1) Definition.--As used in this section, for the
discretionary category, the term ``discretionary spending
limit'' means--
(A) with respect to fiscal year 1996:
$516,900,000,000 in new budget authority
and $544,700,000,000 in outlays;
(B) with respect to fiscal year 1997:
$527,300,000,000 in new budget authority
and $543,300,000,000 in outlays; and
(C) with respect to fiscal year 1998:
$544,000,000,000 in new budget authority
and $561,200,000,000 in outlays.
(2) Point of order in the senate.--
(A) Except as provided in subparagraph (B), it
shall not be in order in the Senate to consider any
concurrent resolution on the budget for fiscal year
1995, 1996, 1997, or 1998 (or amendment, motion, or
conference report on such a resolution) that would
exceed any of the discretionary spending limits in this
section.
(B) This subsection shall not apply if a
declaration of war by the Congress is in effect or if a
joint resolution pursuant to section 258 of the
Balanced Budget and Emergency Deficit Control Act of
1985 has been enacted.
(c) Enforcing Pay-As-You-Go.--At any time after the enactment of
the reconciliation bill pursuant to section 7 of this resolution, it
shall not be in order to consider any bill, joint resolution,
amendment, motion, or conference report, that would increase the
deficit in this resolution for any fiscal year through fiscal year 2003
as measured by the sum of--
(1) all applicable estimates of direct spending and
receipts legislation applicable to that fiscal year, other than
any amounts resulting from--
(A) full funding of, and continuation of, the
deposit insurance guarantee commitment in effect on the
date of enactment of the Budget Enforcement Act of
1990; and
(B) emergency provisions as designated under
section 252(e) of that Act; and
(2) the estimated amount of savings in direct spending
programs applicable to that fiscal year resulting from the
prior year's sequestration under that Act, if any (except for
any amounts sequestered as a result of a net deficit increase
in the fiscal year immediately preceding the prior fiscal
year).
(d) Waiver.--This section may be waived or suspended in the Senate
only by the affirmative vote of three-fifths of the Members, duly
chosen and sworn.
(e) Appeals.--Appeals in the Senate from the decisions of the Chair
relating to any provision of this section shall be limited to 1 hour,
to be equally divided between, and controlled by, the appellant and the
manager of the concurrent resolution, bill, or joint resolution, as the
case may be. An affirmative vote of three-fifths of the Members of the
Senate, duly chosen and sworn, shall be required in the Senate to
sustain an appeal of the ruling of the Chair on a point of order raised
under this section.
(f) Determination of Budget Levels.--For purposes of this section,
the levels of new budget authority, outlays, new entitlement authority,
and revenues for a fiscal year shall be determined on the basis of
estimates made by the Committee on the Budget of the Senate or the
Committee on the Budget of the House of Representatives, as the case
may be.
(g) Exercise of Rulemaking Powers.--Congress adopts the provisions
of this section--
(1) as an exercise of the rulemaking power of the Senate
and House of Representatives, respectively, and as such they
shall be considered as part of the rules of each House,
respectively, or of that House to which they specifically
apply, and such rules shall supersede other rules only to the
extent that they are inconsistent therewith; and
(2) with full recognition of the constitutional right of
either House to change those rules (so far as they relate to
that House) at any time, in the same manner, and to the same
extent as in the case of any other rule of such House.
SEC. 12. DEBT LIMIT IN RECONCILIATION.
(a) Findings.--The Senate finds that--
(1) during the month of March 1993, the public debt (as
defined in 31 U.S.C. 3101) shall exceed $4,145,000,000,000;
(2) the Federal Government has accumulated more public debt
since September 30, 1985, than it had in all the years before
then since the founding of the Republic;
(3) the Federal Government has accumulated three times more
public debt since September 30, 1981, than it had in all the
years before then since the founding of the Republic;
(4) it is essential that the Government control the
expansion of the public debt;
(5) pursuant to section 310(a)(3) of the Congressional
Budget Act of 1974, the concurrent resolution on the budget may
specify the amounts by which the statutory limit on the public
debt is to be changed and direct the committee having
jurisdiction to recommend that change in its response to
reconciliation directives.
(b) Sense of the Senate.--It is the sense of the Senate that--
(1) any concurrent resolution on the budget that contains
reconciliation directives shall include a directive with
respect to the statutory limit on the public debt;
(2) any change in the statutory limit on the public debt
that is recommended pursuant to a reconciliation directive
shall be included in the reconciliation legislation reported
pursuant to section 310 of the Congressional Budget Act of 1974
for that fiscal year;
(3) except as provided in paragraph (4), the Senate shall
not consider any bill or joint resolution (or any amendment
thereto or conference report thereon) that increases the
statutory limit on the public debt during a fiscal year above
the level set forth as appropriate for that fiscal year in the
concurrent resolution on the budget for that fiscal year agreed
to under section 301 of the Congressional Budget Act of 1974;
and
(4) the prohibition of paragraph (3) shall not apply to a
reconciliation bill or reconciliation resolution reported
pursuant to section 310(b) of the Congressional Budget Act of
1974 during any fiscal year (or any conference report thereon)
that contains a provision that--
(A) increases the statutory limit on the public
debt pursuant to a directive of the type described in
section 310(a)(3) of that Act; and
(B) becomes effective on or after the first day of
the following fiscal year.
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