[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 131 Received in Senate (RDS)]

  2d Session
H. CON. RES. 131


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                   IN THE SENATE OF THE UNITED STATES

              January 5 (legislative day, January 3), 1996

                                Received

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                         CONCURRENT RESOLUTION


 
   Establishing procedures making the transmission of the continuing 
    resolution (H.J. Res. 134) to the President contingent upon the 
 submission by the President of a 7-year balanced budget using updated 
 economic and technical assumptions of the Congressional Budget Office.

    Resolved by the House of Representatives (the Senate concurring),

SECTION 1. NOTIFICATION OF COMPLIANCE.

    The Committee on House Oversight (pursuant to clause 4(d)(1) of 
rule X of the Rules of the House of Rep- 
resentatives) shall not present to the President the joint resolution 
(H.J. Res. 134) making further continuing appropriations for the fiscal 
year 1996, and for other purposes, until the Speaker of the House 
notifies that committee that the requirements of this concurrent 
resolution have been met.

SEC. 2. PRESIDENT'S SUBMISSION OF 7-YEAR BALANCED BUDGET.

    The Speaker shall submit to the Committee on House Oversight the 
notification described in section 1 only if the following conditions 
have been satisfied:
            (1) The President has submitted to the Congress a plan to 
        achieve a balanced total budget not later than fiscal year 
        2002, which includes the following:
                    (A) The proposed text of a budget plan for fiscal 
                year 1996 and each fiscal year thereafter through 
                fiscal year 2002 that includes total new budget 
                authority and budget outlays, total Federal revenues, 
                and new budget authority and budget outlays for each 
                major functional category, including a breakdown 
                between discretionary and mandatory spending within 
                each such category.
                    (B) The proposed text of legislation to implement 
                the budget described in subparagraph (A).
                    (C) A detailed summary setting forth the policies 
                underlying the budget described in subparagraph (A) and 
                the proposed legislation described in subparagraph (B).
            (2) The Director of the Congressional Budget Office has 
        certified in writing to the Speaker of the House and the 
        President pro tempore of the Senate that the plan described in 
        paragraph (1) achieves a balanced total budget not later than 
        fiscal year 2002, as estimated by the Director using the 
        economic and technical assumptions specified in or consistent 
        with the congressional Budget Office Memorandum entitled ``The 
        Economic and Budget Outlook: December 1995 Update''.

SEC. 3. SUBMISSION OF COPY OF CONCURRENT RESOLUTION TO PRESIDENT.

    Upon the adoption of this concurrent resolution, the Clerk of the 
House of Representatives shall transmit a copy to the President.

            Passed the House of Representatives January 5, 1996.

            Attest:

                                                ROBIN H. CARLE,

                                                                 Clerk.

                              By Linda Nave,

                                                          Deputy Clerk.