[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2585 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2585

 To amend the Congressional Budget and Impoundment Control Act of 1974 
 and the Balanced Budget and Emergency Deficit Control Act of 1985 to 
provide for fixed deficit targets to reduce the deficit to zero by the 
                        end of fiscal year 2000.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              July 1, 1993

  Mr. Gekas introduced the following bill; which was referred to the 
                   Committee on Government Operations

_______________________________________________________________________

                                 A BILL


 
 To amend the Congressional Budget and Impoundment Control Act of 1974 
 and the Balanced Budget and Emergency Deficit Control Act of 1985 to 
provide for fixed deficit targets to reduce the deficit to zero by the 
                        end of fiscal year 2000.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. FIXED MAXIMUM DEFICIT AMOUNTS.

    (a) Maximum Deficit Amount.--Section 3(a) of the Congressional 
Budget and Impoundment Control Act of 1974 is amended by inserting at 
the end the following:
            ``(11) The term `maximum deficit amount' means--
                    ``(A) with respect to fiscal year 1994, 
                $322,800,000,000;
                    ``(B) with respect to fiscal year 1995, 
                $269,000,000,000;
                    ``(C) with respect to fiscal year 1996, 
                $215,200,000,000;
                    ``(D) with respect to fiscal year 1997, 
                $161,400,000,000;
                    ``(E) with respect to fiscal year 1998, 
                $107,600,000,000;
                    ``(F) with respect to fiscal year 1999, 
                $53,800,000,000; and
                    ``(G) with respect to fiscal year 2000, zero.''.
    (b) Repeal of Title VI.--Title VI of the Congressional Budget Act 
of 1974 is repealed.

SEC. 2. EXTENSION OF THE BALANCED BUDGET AND EMERGENCY DEFICIT CONTROL 
              ACT OF 1985.

    (a) Applicability of Earlier Version of the Act.--Part C of the 
Balanced Budget and Emergency Deficit Control Act of 1985, as in effect 
immediately before November 5, 1990, for fiscal year 1992 shall apply 
to each of fiscal years 1994 through 1999, as the case may be, and for 
fiscal year 1993 shall apply to fiscal year 2000.
    (b) Inapplicability of Current Version of the Act.--Part C of the 
Balanced Budget and Emergency Deficit Control Act of 1985, as in effect 
immediately before the date of enactment of this Act, shall not apply 
to fiscal years 1994 through 2000.
    (c) Extension of Expiration Date.--Section 274(b) of the Balanced 
Budget and Emergency Deficit Control Act of 1985 is amended by striking 
``1995'' and inserting ``2001''.

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