[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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