[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 67 Enrolled Bill (ENR)]

        H.Con. Res.67
                                                 Agreed to June 29, 1995

                       One Hundred Fourth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

         Begun and held at the City of Washington on Wednesday,
  the fourth day of January, one thousand nine hundred and ninety-five


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

SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 1996.

    (a) Declaration.--The Congress determines and declares that this 
resolution is the concurrent resolution on the budget for fiscal year 
1996, including the appropriate budgetary levels for fiscal years 1997, 
1998, 1999, 2000, as required by section 301 of the Congressional 
Budget Act of 1974, and including the appropriate levels for fiscal 
years 2001 and 2002.
    (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 1996.

                       TITLE I--LEVELS AND AMOUNTS

Sec. 101. Recommended levels and amounts.
Sec. 102. Debt increase.
Sec. 103. Social Security.
Sec. 104. Major functional categories.
Sec. 105. Reconciliation.

              TITLE II--BUDGETARY RESTRAINTS AND RULEMAKING

Sec. 201. Discretionary spending limits.
Sec. 202. Extension of pay-as-you-go point of order.
Sec. 203. Tax reserve fund in the Senate.
Sec. 204. Welfare reform reserve fund.
Sec. 205. Budget surplus allowance.
Sec. 206. Sale of government assets.
Sec. 207. Credit reform and direct student loans.
Sec. 208. Extension of Budget Act 60-vote enforcement through 2002.
Sec. 209. Repeal of IRS allowance.
Sec. 210. Tax reduction contingent on balanced budget in the House of 
          Representatives.
Sec. 211. Exercise of rulemaking powers.

 TITLE III--SENSE OF THE CONGRESS, HOUSE OF REPRESENTATIVES, AND SENATE

Sec. 301. Sense of the Congress on the elimination of fraud, waste, and 
          abuse in the medicare system.
Sec. 302. Sense of Congress regarding privatization of the student loan 
          marketing association (Sallie Mae).
Sec. 303. Sense of the Congress regarding the debt limit.
Sec. 304. Sense of the Congress assumptions.
Sec. 305. Sense of the Senate that tax reductions should benefit working 
          families.
Sec. 306. Sense of the Senate on the distribution of agriculture 
          savings.
Sec. 307. Sense of the Senate on the establishment of a medicare 
          solvency commission.
Sec. 308. Sense of the Senate regarding protection of children's health.
Sec. 309. Sense of the Senate on the assumptions.
Sec. 310. House Statement on agriculture savings.
Sec. 311. Sense of the House on baselines.
Sec. 312. Sense of the House regarding a commission on the solvency of 
          the Federal military and civil service retirement funds.
Sec. 313. Sense of the House regarding the repeal of House Rule XLIX.
Sec. 314. Sense of the House on emergencies.
                      TITLE I--LEVELS AND AMOUNTS

SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.

    The following budgetary levels are appropriate for the fiscal years 
1996, 1997, 1998, 1999, 2000, 2001, and 2002:
    (1) Federal Revenues.--For purposes of the enforcement of this 
resolution--
        (A) The recommended levels of Federal revenues are as follows:
            Fiscal year 1996: $1,042,500,000,000.
            Fiscal year 1997: $1,082,700,000,000.
            Fiscal year 1998: $1,134,200,000,000.
            Fiscal year 1999: $1,186,700,000,000.
            Fiscal year 2000: $1,245,400,000,000.
            Fiscal year 2001: $1,313,400,000,000.
            Fiscal year 2002: $1,384,200,000,000.
        (B) The amounts by which the aggregate levels of Federal 
    revenues should be changed are as follows:
            Fiscal year 1996: $100,000,000.
            Fiscal year 1997: $100,000,000.
            Fiscal year 1998: $200,000,000.
            Fiscal year 1999: $200,000,000.
            Fiscal year 2000: $200,000,000.
            Fiscal year 2001: $200,000,000.
            Fiscal year 2002: $200,000,000.
        (C) The amounts for Federal Insurance Contributions Act 
    revenues for hospital insurance within the recommended levels of 
    Federal revenues are as follows:
            Fiscal year 1996: $103,800,000,000.
            Fiscal year 1997: $109,000,000,000.
            Fiscal year 1998: $114,900,000,000.
            Fiscal year 1999: $120,700,000,000.
            Fiscal year 2000: $126,900,000,000.
            Fiscal year 2001: $133,600,000,000.
            Fiscal year 2002: $140,400,000,000.
    (2) New Budget Authority.--For purposes of the enforcement of this 
resolution, the appropriate levels of total new budget authority are as 
follows:
            Fiscal year 1996: $1,285,500,000,000.
            Fiscal year 1997: $1,324,300,000,000.
            Fiscal year 1998: $1,362,300,000,000.
            Fiscal year 1999: $1,396,900,000,000.
            Fiscal year 2000: $1,445,600,000,000.
            Fiscal year 2001: $1,476,300,000,000.
            Fiscal year 2002: $1,518,800,000,000.
    (3) Budget Outlays.--For purposes of the enforcement of this 
resolution, the appropriate levels of total budget outlays are as 
follows:
            Fiscal year 1996: $1,288,100,000,000.
            Fiscal year 1997: $1,316,800,000,000.
            Fiscal year 1998: $1,338,200,000,000.
            Fiscal year 1999: $1,379,600,000,000.
            Fiscal year 2000: $1,426,500,000,000.
            Fiscal year 2001: $1,453,600,000,000.
            Fiscal year 2002: $1,492,600,000,000.
    (4) Deficits.--For purposes of the enforcement of this resolution, 
the amounts of the deficits are as follows:
            Fiscal year 1996: $245,600,000,000.
            Fiscal year 1997: $234,100,000,000.
            Fiscal year 1998: $204,000,000,000.
            Fiscal year 1999: $192,900,000,000.
            Fiscal year 2000: $181,100,000,000.
            Fiscal year 2001: $140,200,000,000.
            Fiscal year 2002: $108,400,000,000.
    (5) Public Debt.--The appropriate levels of the public debt are as 
follows:
            Fiscal year 1996: $5,210,700,000,000.
            Fiscal year 1997: $5,510,100,000,000.
            Fiscal year 1998: $5,779,800,000,000.
            Fiscal year 1999: $6,038,900,000,000.
            Fiscal year 2000: $6,288,900,000,000.
            Fiscal year 2001: $6,503,500,000,000.
            Fiscal year 2002: $6,688,600,000,000.
    (6) Direct Loan Obligations.--The appropriate levels of total new 
direct loan obligations are as follows:
            Fiscal year 1996: $37,600,000,000.
            Fiscal year 1997: $40,200,000,000.
            Fiscal year 1998: $42,300,000,000.
            Fiscal year 1999: $45,700,000,000.
            Fiscal year 2000: $45,800,000,000.
            Fiscal year 2001: $45,800,000,000.
            Fiscal year 2002: $46,100,000,000.
    (7) Primary Loan Guarantee Commitments.--The appropriate levels of 
new primary loan guarantee commitments are as follows:
            Fiscal year 1996: $193,400,000,000.
            Fiscal year 1997: $187,900,000,000.
            Fiscal year 1998: $185,300,000,000.
            Fiscal year 1999: $183,300,000,000.
            Fiscal year 2000: $184,700,000,000.
            Fiscal year 2001: $186,100,000,000.
            Fiscal year 2002: $187,600,000,000.

SEC. 102. DEBT INCREASE.

    The amounts of the increase in the public debt subject to 
limitation are as follows:
            Fiscal year 1996: $307,800,000,000.
            Fiscal year 1997: $299,300,000,000.
            Fiscal year 1998: $269,800,000,000.
            Fiscal year 1999: $259,100,000,000.
            Fiscal year 2000: $249,900,000,000.
            Fiscal year 2001: $214,600,000,000.
            Fiscal year 2002: $185,100,000,000.

SEC. 103. SOCIAL SECURITY.

    (a) Social Security Revenues.--For purposes of Senate enforcement 
under sections 302, 602, 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 1996: $374,700,000,000.
            Fiscal year 1997: $392,000,000,000.
            Fiscal year 1998: $411,400,000,000.
            Fiscal year 1999: $430,900,000,000.
            Fiscal year 2000: $452,000,000,000.
            Fiscal year 2001: $475,200,000,000.
            Fiscal year 2002: $498,600,000,000.
    (b) Social Security Outlays.--For purposes of Senate enforcement 
under sections 302, 602, 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 1996: $299,400,000,000.
            Fiscal year 1997: $310,900,000,000.
            Fiscal year 1998: $324,600,000,000.
            Fiscal year 1999: $338,500,000,000.
            Fiscal year 2000: $353,100,000,000.
            Fiscal year 2001: $368,100,000,000.
            Fiscal year 2002: $383,800,000,000.

SEC. 104. MAJOR FUNCTIONAL CATEGORIES.

    The Congress determines and declares that the appropriate levels of 
new budget authority, budget outlays, new direct loan obligations, and 
new primary loan guarantee commitments for fiscal years 1996 through 
2002 for each major functional category are:
    (1) National Defense (050):
        Fiscal year 1996:
            (A) New budget authority, $264,700,000,000.
            (B) Outlays, $263,100,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $1,700,000,000.
        Fiscal year 1997:
            (A) New budget authority, $267,300,000,000.
            (B) Outlays, $265,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $1,700,000,000.
        Fiscal year 1998:
            (A) New budget authority, $269,000,000,000.
            (B) Outlays, $263,800,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $1,700,000,000.
        Fiscal year 1999:
            (A) New budget authority, $271,700,000,000.
            (B) Outlays, $267,200,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $1,700,000,000.
        Fiscal year 2000:
            (A) New budget authority, $274,400,000,000.
            (B) Outlays, $270,900,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $1,700,000,000.
        Fiscal year 2001:
            (A) New budget authority, $277,100,000,000.
            (B) Outlays, $270,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $1,700,000,000.
        Fiscal year 2002:
            (A) New budget authority, $280,000,000,000.
            (B) Outlays, $270,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $1,700,000,000.
    (2) International Affairs (150):
        Fiscal year 1996:
            (A) New budget authority, $15,800,000,000.
            (B) Outlays, $17,000,000,000.
            (C) New direct loan obligations, $5,700,000,000.
            (D) New primary loan guarantee commitments, 
        $18,300,000,000.
        Fiscal year 1997:
            (A) New budget authority, $14,000,000,000.
            (B) Outlays, $15,100,000,000.
            (C) New direct loan obligations, $5,700,000,000.
            (D) New primary loan guarantee commitments, 
        $18,300,000,000.
        Fiscal year 1998:
            (A) New budget authority, $12,400,000,000.
            (B) Outlays, $13,900,000,000.
            (C) New direct loan obligations, $5,700,000,000.
            (D) New primary loan guarantee commitments, 
        $18,300,000,000.
        Fiscal year 1999:
            (A) New budget authority, $11,200,000,000.
            (B) Outlays, $12,600,000,000.
            (C) New direct loan obligations, $5,700,000,000.
            (D) New primary loan guarantee commitments, 
        $18,300,000,000.
        Fiscal year 2000:
            (A) New budget authority, $12,700,000,000.
            (B) Outlays, $11,900,000,000.
            (C) New direct loan obligations, $5,700,000,000.
            (D) New primary loan guarantee commitments, 
        $18,300,000,000.
        Fiscal year 2001:
            (A) New budget authority, $12,800,000,000.
            (B) Outlays, $12,000,000,000.
            (C) New direct loan obligations, $5,700,000,000.
            (D) New primary loan guarantee commitments, 
        $18,300,000,000.
        Fiscal year 2002:
            (A) New budget authority, $12,800,000,000.
            (B) Outlays, $11,800,000,000.
            (C) New direct loan obligations, $5,700,000,000.
            (D) New primary loan guarantee commitments, 
        $18,300,000,000.
    (3) General Science, Space, and Technology (250):
        Fiscal year 1996:
            (A) New budget authority, $16,700,000,000.
            (B) Outlays, $16,800,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, $16,300,000,000.
            (B) Outlays, $16,600,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, $15,900,000,000.
            (B) Outlays, $16,100,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, $15,600,000,000.
            (B) Outlays, $15,700,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, $15,300,000,000.
            (B) Outlays, $15,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, $15,300,000,000.
            (B) Outlays, $15,400,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, $15,300,000,000.
            (B) Outlays, $15,400,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
    (4) Energy (270):
        Fiscal year 1996:
            (A) New budget authority, $4,600,000,000.
            (B) Outlays, $4,500,000,000.
            (C) New direct loan obligations, $1,200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, $4,200,000,000.
            (B) Outlays, $3,500,000,000.
            (C) New direct loan obligations, $1,200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, $3,800,000,000.
            (B) Outlays, $3,100,000,000.
            (C) New direct loan obligations, $1,200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, $3,600,000,000.
            (B) Outlays, $2,600,000,000.
            (C) New direct loan obligations, $1,200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, $3,400,000,000.
            (B) Outlays, $2,200,000,000.
            (C) New direct loan obligations, $1,200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, $3,300,000,000.
            (B) Outlays, $2,200,000,000.
            (C) New direct loan obligations, $1,200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, $3,300,000,000.
            (B) Outlays, $2,200,000,000.
            (C) New direct loan obligations, $1,200,000,000.
            (D) New primary loan guarantee commitments, $0.
    (5) Natural Resources and Environment (300):
        Fiscal year 1996:
            (A) New budget authority, $19,500,000,000.
            (B) Outlays, $20,300,000,000.
            (C) New direct loan obligations, $100,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, $19,200,000,000.
            (B) Outlays, $20,000,000,000.
            (C) New direct loan obligations, $100,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, $17,700,000,000.
            (B) Outlays, $18,700,000,000.
            (C) New direct loan obligations, $100,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, $18,200,000,000.
            (B) Outlays, $19,000,000,000.
            (C) New direct loan obligations, $100,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, $17,900,000,000.
            (B) Outlays, $18,500,000,000.
            (C) New direct loan obligations, $100,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, $17,100,000,000.
            (B) Outlays, $17,400,000,000.
            (C) New direct loan obligations, $100,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, $17,500,000,000.
            (B) Outlays, $17,700,000,000.
            (C) New direct loan obligations, $100,000,000.
            (D) New primary loan guarantee commitments, $0.
    (6) Agriculture (350):
        Fiscal year 1996:
            (A) New budget authority, $13,100,000,000.
            (B) Outlays, $11,800,000,000.
            (C) New direct loan obligations, $11,500,000,000.
            (D) New primary loan guarantee commitments, $5,700,000,000.
        Fiscal year 1997:
            (A) New budget authority, $12,500,000,000.
            (B) Outlays, $11,100,000,000.
            (C) New direct loan obligations, $11,500,000,000.
            (D) New primary loan guarantee commitments, $5,700,000,000.
        Fiscal year 1998:
            (A) New budget authority, $11,700,000,000.
            (B) Outlays, $10,500,000,000.
            (C) New direct loan obligations, $10,900,000,000.
            (D) New primary loan guarantee commitments, $5,700,000,000.
        Fiscal year 1999:
            (A) New budget authority, $11,500,000,000.
            (B) Outlays, $10,300,000,000.
            (C) New direct loan obligations, $11,600,000,000.
            (D) New primary loan guarantee commitments, $5,700,000,000.
        Fiscal year 2000:
            (A) New budget authority, $10,900,000,000.
            (B) Outlays, $9,800,000,000.
            (C) New direct loan obligations, $11,400,000,000.
            (D) New primary loan guarantee commitments, $5,700,000,000.
        Fiscal year 2001:
            (A) New budget authority, $9,800,000,000.
            (B) Outlays, $8,700,000,000.
            (C) New direct loan obligations, $11,100,000,000.
            (D) New primary loan guarantee commitments, $5,700,000,000.
        Fiscal year 2002:
            (A) New budget authority, $9,600,000,000.
            (B) Outlays, $8,500,000,000.
            (C) New direct loan obligations, $10,900,000,000.
            (D) New primary loan guarantee commitments, $5,700,000,000.
    (7) Commerce and Housing Credit (370):
        Fiscal year 1996:
            (A) New budget authority, $2,600,000,000.
            (B) Outlays, -$6,900,000,000.
            (C) New direct loan obligations, $1,400,000,000.
            (D) New primary loan guarantee commitments, 
        $123,100,000,000.
        Fiscal year 1997:
            (A) New budget authority, $1,800,000,000.
            (B) Outlays, -$5,100,000,000.
            (C) New direct loan obligations, $1,400,000,000.
            (D) New primary loan guarantee commitments, 
        $123,100,000,000.
        Fiscal year 1998:
            (A) New budget authority, $900,000,000.
            (B) Outlays, -$6,700,000,000.
            (C) New direct loan obligations, $1,400,000,000.
            (D) New primary loan guarantee commitments, 
        $123,100,000,000.
        Fiscal year 1999:
            (A) New budget authority, $400,000,000.
            (B) Outlays, -$4,800,000,000.
            (C) New direct loan obligations, $1,400,000,000.
            (D) New primary loan guarantee commitments, 
        $123,100,000,000.
        Fiscal year 2000:
            (A) New budget authority, $2,100,000,000.
            (B) Outlays, -$2,200,000,000.
            (C) New direct loan obligations, $1,400,000,000.
            (D) New primary loan guarantee commitments, 
        $123,100,000,000.
        Fiscal year 2001:
            (A) New budget authority, $800,000,000.
            (B) Outlays, -$2,900,000,000.
            (C) New direct loan obligations, $1,400,000,000.
            (D) New primary loan guarantee commitments, 
        $123,100,000,000.
        Fiscal year 2002:
            (A) New budget authority, $600,000,000.
            (B) Outlays, -$3,000,000,000.
            (C) New direct loan obligations, $1,400,000,000.
            (D) New primary loan guarantee commitments, 
        $123,100,000,000.
    (8) Transportation (400):
        Fiscal year 1996:
            (A) New budget authority, $36,600,000,000.
            (B) Outlays, $38,900,000,000.
            (C) New direct loan obligations, $200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, $43,100,000,000.
            (B) Outlays, $37,600,000,000.
            (C) New direct loan obligations, $200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, $43,900,000,000.
            (B) Outlays, $36,600,000,000.
            (C) New direct loan obligations, $200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, $42,600,000,000.
            (B) Outlays, $34,100,000,000.
            (C) New direct loan obligations, $200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, $42,900,000,000.
            (B) Outlays, $33,200,000,000.
            (C) New direct loan obligations, $200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, $42,200,000,000.
            (B) Outlays, $32,400,000,000.
            (C) New direct loan obligations, $200,000,000.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, $41,800,000,000.
            (B) Outlays, $32,000,000,000.
            (C) New direct loan obligations, $200,000,000.
            (D) New primary loan guarantee commitments, $0.
    (9) Community and Regional Development (450):
        Fiscal year 1996:
            (A) New budget authority, $6,600,000,000.
            (B) Outlays, $9,900,000,000.
            (C) New direct loan obligations, $2,700,000,000.
            (D) New primary loan guarantee commitments, $1,200,000,000.
        Fiscal year 1997:
            (A) New budget authority, $6,500,000,000.
            (B) Outlays, $7,800,000,000.
            (C) New direct loan obligations, $2,700,000,000.
            (D) New primary loan guarantee commitments, $1,200,000,000.
        Fiscal year 1998:
            (A) New budget authority, $6,400,000,000.
            (B) Outlays, $6,500,000,000.
            (C) New direct loan obligations, $2,700,000,000.
            (D) New primary loan guarantee commitments, $1,200,000,000.
        Fiscal year 1999:
            (A) New budget authority, $6,400,000,000.
            (B) Outlays, $6,200,000,000.
            (C) New direct loan obligations, $2,700,000,000.
            (D) New primary loan guarantee commitments, $1,200,000,000.
        Fiscal year 2000:
            (A) New budget authority, $6,300,000,000.
            (B) Outlays, $6,200,000,000.
            (C) New direct loan obligations, $2,700,000,000.
            (D) New primary loan guarantee commitments, $1,200,000,000.
        Fiscal year 2001:
            (A) New budget authority, $5,700,000,000.
            (B) Outlays, $6,100,000,000.
            (C) New direct loan obligations, $2,700,000,000.
            (D) New primary loan guarantee commitments, $1,200,000,000.
        Fiscal year 2002:
            (A) New budget authority, $5,600,000,000.
            (B) Outlays, $6,100,000,000.
            (C) New direct loan obligations, $2,700,000,000.
            (D) New primary loan guarantee commitments, $1,200,000,000.
    (10) Education, Training, Employment, and Social Services (500):
        Fiscal year 1996:
            (A) New budget authority, $48,400,000,000.
            (B) Outlays, $53,400,000,000.
            (C) New direct loan obligations, $13,600,000,000.
            (D) New primary loan guarantee commitments, 
        $16,300,000,000.
        Fiscal year 1997:
            (A) New budget authority, $47,800,000,000.
            (B) Outlays, $48,900,000,000.
            (C) New direct loan obligations, $16,300,000,000.
            (D) New primary loan guarantee commitments, 
        $15,900,000,000.
        Fiscal year 1998:
            (A) New budget authority, $47,600,000,000.
            (B) Outlays, $47,300,000,000.
            (C) New direct loan obligations, $19,100,000,000.
            (D) New primary loan guarantee commitments, 
        $15,200,000,000.
        Fiscal year 1999:
            (A) New budget authority, $48,400,000,000.
            (B) Outlays, $47,500,000,000.
            (C) New direct loan obligations, $21,800,000,000.
            (D) New primary loan guarantee commitments, 
        $14,300,000,000.
        Fiscal year 2000:
            (A) New budget authority, $49,100,000,000.
            (B) Outlays, $48,200,000,000.
            (C) New direct loan obligations, $21,900,000,000.
            (D) New primary loan guarantee commitments, 
        $15,000,000,000.
        Fiscal year 2001:
            (A) New budget authority, $48,600,000,000.
            (B) Outlays, $47,700,000,000.
            (C) New direct loan obligations, $22,000,000,000.
            (D) New primary loan guarantee commitments, 
        $15,800,000,000.
        Fiscal year 2002:
            (A) New budget authority, $48,800,000,000.
            (B) Outlays, $47,800,000,000.
            (C) New direct loan obligations, $22,200,000,000.
            (D) New primary loan guarantee commitments, 
        $16,600,000,000.
    (11) Health (550):
        Fiscal year 1996:
            (A) New budget authority, $121,000,000,000.
            (B) Outlays, $121,100,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $300,000,000.
        Fiscal year 1997:
            (A) New budget authority, $127,600,000,000.
            (B) Outlays, $127,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $300,000,000.
        Fiscal year 1998:
            (A) New budget authority, $131,600,000,000.
            (B) Outlays, $131,700,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $300,000,000.
        Fiscal year 1999:
            (A) New budget authority, $135,700,000,000.
            (B) Outlays, $135,700,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $300,000,000.
        Fiscal year 2000:
            (A) New budget authority, $140,100,000,000.
            (B) Outlays, $139,900,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $300,000,000.
        Fiscal year 2001:
            (A) New budget authority, $144,500,000,000.
            (B) Outlays, $144,300,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $300,000,000.
        Fiscal year 2002:
            (A) New budget authority, $149,200,000,000.
            (B) Outlays, $149,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $300,000,000.
    (12) Medicare (570):
        Fiscal year 1996:
            (A) New budget authority, $176,100,000,000.
            (B) Outlays, $173,700,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, $184,300,000,000.
            (B) Outlays, $182,800,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, $194,000,000,000.
            (B) Outlays, $192,300,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, $205,700,000,000.
            (B) Outlays, $203,200,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, $216,500,000,000.
            (B) Outlays, $214,600,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, $231,800,000,000.
            (B) Outlays, $229,700,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, $249,200,000,000.
            (B) Outlays, $247,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
    (13) Income Security (600):
        Fiscal year 1996:
            (A) New budget authority, $225,900,000,000.
            (B) Outlays, $227,600,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $100,000,000.
        Fiscal year 1997:
            (A) New budget authority, $231,600,000,000.
            (B) Outlays, $236,400,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $100,000,000.
        Fiscal year 1998:
            (A) New budget authority, $250,300,000,000.
            (B) Outlays, $245,300,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $100,000,000.
        Fiscal year 1999:
            (A) New budget authority, $253,100,000,000.
            (B) Outlays, $255,800,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $100,000,000.
        Fiscal year 2000:
            (A) New budget authority, $269,500,000,000.
            (B) Outlays, $269,900,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $100,000,000.
        Fiscal year 2001:
            (A) New budget authority, $274,800,000,000.
            (B) Outlays, $274,600,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $100,000,000.
        Fiscal year 2002:
            (A) New budget authority, $288,700,000,000.
            (B) Outlays, $288,300,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $100,000,000.
    (14) Social Security (650):
        Fiscal year 1996:
            (A) New budget authority, $5,900,000,000.
            (B) Outlays, $8,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, $8,100,000,000.
            (B) Outlays, $10,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, $8,800,000,000.
            (B) Outlays, $11,300,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, $9,600,000,000.
            (B) Outlays, $12,100,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, $10,500,000,000.
            (B) Outlays, $12,900,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, $11,100,000,000.
            (B) Outlays, $13,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, $11,700,000,000.
            (B) Outlays, $14,100,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
    (15) Veterans Benefits and Services (700):
        Fiscal year 1996:
            (A) New budget authority, $37,500,000,000.
            (B) Outlays, $36,900,000,000.
            (C) New direct loan obligations, $1,200,000,000.
            (D) New primary loan guarantee commitments, 
        $26,700,000,000.
        Fiscal year 1997:
            (A) New budget authority, $37,900,000,000.
            (B) Outlays, $38,000,000,000.
            (C) New direct loan obligations, $1,100,000,000.
            (D) New primary loan guarantee commitments, 
        $21,600,000,000.
        Fiscal year 1998:
            (A) New budget authority, $38,200,000,000.
            (B) Outlays, $38,400,000,000.
            (C) New direct loan obligations, $1,000,000,000.
            (D) New primary loan guarantee commitments, 
        $19,700,000,000.
        Fiscal year 1999:
            (A) New budget authority, $38,800,000,000.
            (B) Outlays, $39,000,000,000.
            (C) New direct loan obligations, $1,000,000,000.
            (D) New primary loan guarantee commitments, 
        $18,600,000,000.
        Fiscal year 2000:
            (A) New budget authority, $39,100,000,000.
            (B) Outlays, $40,600,000,000.
            (C) New direct loan obligations, $1,200,000,000.
            (D) New primary loan guarantee commitments, 
        $19,300,000,000.
        Fiscal year 2001:
            (A) New budget authority, $39,700,000,000.
            (B) Outlays, $41,300,000,000.
            (C) New direct loan obligations, $1,400,000,000.
            (D) New primary loan guarantee commitments, 
        $19,900,000,000.
        Fiscal year 2002:
            (A) New budget authority, $40,200,000,000.
            (B) Outlays, $41,800,000,000.
            (C) New direct loan obligations, $1,700,000,000.
            (D) New primary loan guarantee commitments, 
        $20,600,000,000.
    (16) Administration of Justice (750):
        Fiscal year 1996:
            (A) New budget authority, $19,800,000,000.
            (B) Outlays, $18,700,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, $19,800,000,000.
            (B) Outlays, $18,900,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, $20,200,000,000.
            (B) Outlays, $19,700,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
    Fiscal year 1999:
            (A) New budget authority, $21,000,000,000.
            (B) Outlays, $20,400,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
    Fiscal year 2000:
            (A) New budget authority, $21,100,000,000.
            (B) Outlays, $20,900,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, $20,700,000,000.
            (B) Outlays, $20,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, $20,600,000,000.
            (B) Outlays, $20,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
    (17) General Government (800):
        Fiscal year 1996:
            (A) New budget authority, $12,400,000,000.
            (B) Outlays, $12,900,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, $12,300,000,000.
            (B) Outlays, $12,300,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, $12,200,000,000.
            (B) Outlays, $12,200,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, $12,100,000,000.
            (B) Outlays, $12,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, $12,000,000,000.
            (B) Outlays, $12,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, $11,600,000,000.
            (B) Outlays, $11,600,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, $11,600,000,000.
            (B) Outlays, $11,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
    (18) Net Interest (900):
        Fiscal year 1996:
            (A) New budget authority, $298,400,000,000.
            (B) Outlays, $298,400,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, $310,500,000,000.
            (B) Outlays, $310,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, $319,400,000,000.
            (B) Outlays, $319,400,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, $331,500,000,000.
            (B) Outlays, $331,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, $342,900,000,000.
            (B) Outlays, $342,900,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, $349,900,000,000.
            (B) Outlays, $349,900,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, $357,600,000,000.
            (B) Outlays, $357,600,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
    (19) The corresponding levels of gross interest on the public debt 
are as follows:
        Fiscal year 1996: $369,900,000,000.
        Fiscal year 1997: $381,600,000,000.
        Fiscal year 1998: $390,900,000,000.
        Fiscal year 1999: $404,000,000,000.
        Fiscal year 2000: $416,100,000,000.
        Fiscal year 2001: $426,800,000,000.
        Fiscal year 2002: $436,100,000,000.
    (20) Allowances (920):
        Fiscal year 1996:
            (A) New budget authority, -$6,400,000,000.
            (B) Outlays, -$4,800,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, -$6,300,000,000.
            (B) Outlays, -$6,400,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, -$5,300,000,000.
            (B) Outlays, -$5,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, -$4,700,000,000.
            (B) Outlays, -$5,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, -$3,700,000,000.
            (B) Outlays, -$4,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, -$3,700,000,000.
            (B) Outlays, -$4,000,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, -$3,700,000,000.
            (B) Outlays, -$4,100,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
    (21) Undistributed Offsetting Receipts (950):
        Fiscal year 1996:
            (A) New budget authority, -$33,700,000,000.
            (B) Outlays, -$33,700,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1997:
            (A) New budget authority, -$34,200,000,000.
            (B) Outlays, -$34,200,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1998:
            (A) New budget authority, -$36,400,000,000.
            (B) Outlays, -$36,400,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 1999:
            (A) New budget authority, -$35,500,000,000.
            (B) Outlays, -$35,500,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2000:
            (A) New budget authority, -$37,400,000,000.
            (B) Outlays, -$37,400,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2001:
            (A) New budget authority, -$36,800,000,000.
            (B) Outlays, -$36,800,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.
        Fiscal year 2002:
            (A) New budget authority, -$41,600,000,000.
            (B) Outlays, -$41,600,000,000.
            (C) New direct loan obligations, $0.
            (D) New primary loan guarantee commitments, $0.

SEC. 105. RECONCILIATION.

    (a) Reconciliation of Spending Reductions.--
        (1) Senate committees.--Not later than September 22, 1995, the 
    committees named in this subsection shall submit their 
    recommendations to the Committee on the Budget of the Senate. After 
    receiving those recommendations, the Committee on the Budget shall 
    report to the Senate a reconciliation bill carrying out all such 
    recommendations without any substantive revision.
            (A) Committee on agriculture, nutrition, and forestry.--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) to 
        reduce outlays $2,503,000,000 in fiscal year 1996, 
        $29,059,000,000 for the period of fiscal years 1996 through 
        2000, and $48,402,000,000 for the period of fiscal years 1996 
        through 2002.
            (B) Committee on armed services.--The Senate Committee on 
        Armed Services shall report changes in laws within its 
        jurisdiction that provide direct spending to reduce outlays 
        $1,571,000,000 in fiscal year 1996, $1,888,000,000 for the 
        period of fiscal years 1996 through 2000, and $2,199,000,000 
        for the period of fiscal years 1996 through 2002.
            (C) Committee on banking, housing, and urban affairs.--The 
        Senate Committee on Banking, Housing, and Urban Affairs shall 
        report changes in laws within its jurisdiction that provide 
        direct spending to reduce outlays $481,000,000 in fiscal year 
        1996, $1,698,000,000 for the period of fiscal years 1996 
        through 2000, and $2,391,000,000 for the period of fiscal years 
        1996 through 2002.
            (D) Committee on commerce, science, and transportation.--
        The Senate Committee on Commerce, Science, and Transportation 
        shall report changes in laws within its jurisdiction that 
        provide direct spending to reduce outlays $114,000,000 in 
        fiscal year 1996, $9,088,000,000 for the period of fiscal years 
        1996 through 2000, and $15,036,000,000 for the period of fiscal 
        years 1996 through 2002.
            (E) Committee on energy and natural resources.--The Senate 
        Committee on Energy and Natural Resources shall report changes 
        in laws within its jurisdiction that provide direct spending to 
        reduce outlays $354,000,000 in fiscal year 1996, $4,292,000,000 
        for the period of fiscal years 1996 through 2000, and 
        $4,001,000,000 for the period of fiscal years 1996 through 
        2002.
            (F) Committee on environment and public works.--The Senate 
        Committee on Environment and Public Works shall report changes 
        in laws within its jurisdiction that provide direct spending to 
        reduce outlays $118,000,000 in fiscal year 1996, $1,308,000,000 
        for the period of fiscal years 1996 through 2000, and 
        $2,250,000,000 for the period of fiscal years 1996 through 
        2002.
            (G) Committee on finance.--(i) The Senate Committee on 
        Finance shall report changes in laws within its jurisdiction 
        that provide direct spending to reduce outlays $15,328,000,000 
        in fiscal year 1996, $272,974,000,000 for the period of fiscal 
        years 1996 through 2000, and $530,359,000,000 for the period of 
        fiscal years 1996 through 2002.
            (ii) The Senate Committee on Finance shall report changes 
        in laws to increase the statutory limit on the public debt to 
        not more than $5,500,000,000,000.
            (H) Committee on governmental affairs.--The Senate 
        Committee on Governmental Affairs shall report changes in laws 
        within its jurisdiction to reduce the deficit $524,000,000 in 
        fiscal year 1996, $5,357,000,000 for the period of fiscal years 
        1996 through 2000, and $9,844,000,000 for the period of fiscal 
        years 1996 through 2002.
            (I) Committee on the judiciary.--The Senate Committee on 
        the Judiciary shall report changes in laws within its 
        jurisdiction that provide direct spending to reduce outlays $0 
        in fiscal year 1996, $238,000,000 for the period of fiscal 
        years 1996 through 2000, and $476,000,000 for the period of 
        fiscal years 1996 through 2002.
            (J) Committee on labor and human resources.--The Senate 
        Committee on Labor and Human Resources shall report changes in 
        laws within its jurisdiction that provide direct spending to 
        reduce outlays $809,000,000 in fiscal year 1996, $6,956,000,000 
        for the period of fiscal years 1996 through 2000, and 
        $10,779,000,000 for the period of fiscal years 1996 through 
        2002.
            (K) Committee on veterans' affairs.--The Senate Committee 
        on Veterans' Affairs shall report changes in laws within its 
        jurisdiction that provide direct spending to reduce outlays 
        $274,000,000 in fiscal year 1996, $3,614,000,000 for the period 
        of fiscal years 1996 through 2000, and $6,392,000,000 for the 
        period of fiscal years 1996 through 2002.
        (2)  House committees.--
            (A) General rules.--(i) Not later than September 22, 1995, 
        the House committees named in clauses (i) through (xii) of 
        subparagraph (B) shall submit their recommendations to the 
        House Committee on the Budget. After receiving those 
        recommendations, the House Committee on the Budget shall report 
        to the House a reconciliation bill carrying out all such 
        recommendations without any substantive revision.
            (ii) Each committee named in clauses (i) through (xi) of 
        subparagraph (B) shall report changes in laws within its 
        jurisdiction that provide direct spending such that the total 
        level of direct spending for that committee for--
                (I) fiscal year 1996,
                (II) the 5-year period beginning with fiscal year 1996 
            and ending with fiscal year 2000, and
                (III) the 7-year period beginning with fiscal year 1996 
            and ending with fiscal year 2002,
        does not exceed the total level of direct spending in that 
        period in the clause applicable to that committee.
            (iii) Each committee named in clauses (i)(II), (iv)(II), 
        (v)(II), and (vi)(II) of subparagraph (B) shall report changes 
        in laws within its jurisdiction as set forth in the clause 
        applicable to that committee.
            (iv) The Committee on Ways and Means shall carry out 
        subparagraph (B)(xii).
            (B) Committee amounts.--(i)(I) The House Committee on 
        Agriculture: $10,506,000,000 in outlays in fiscal year 1996, 
        $44,741,000,000 in outlays in fiscal years 1996 through 2000, 
        and $59,232,000,000 in outlays in fiscal years 1996 through 
        2002.
            (II) In addition to the changes in law reported pursuant to 
        subclause (I), the House Committee on Agriculture shall report 
        changes in laws within its jurisdiction that provide direct 
        spending (other than that defined within subparagraph (A) or 
        (B) of section 250(c)(8) of the Balanced Budget and Emergency 
        Deficit Control Act of 1985) such that the total level of 
        direct spending (as so defined) for that committee does not 
        exceed: $26,748,000,000 in outlays in fiscal year 1996, 
        $133,246,000,000 in outlays in fiscal years 1996 through 2000, 
        and $192,270,000,000 in outlays in fiscal years 1996 through 
        2002.
            (ii) The House Committee on Banking and Financial Services: 
        -$13,087,000,000 in outlays in fiscal year 1996, 
        -$50,061,000,000 in outlays in fiscal years 1996 through 2000, 
        and -$65,112,000,000 in outlays in fiscal years 1996 through 
        2002.
            (iii) The House Committee on Commerce: $285,537,000,000 in 
        outlays in fiscal year 1996, $1,592,240,000,000 in outlays in 
        fiscal years 1996 through 2000, and $2,361,708,000,000 in 
        outlays in fiscal years 1996 through 2002.
            (iv)(I) The House Committee on Economic and Educational 
        Opportunities: $16,026,000,000 in outlays in fiscal year 1996, 
        $77,346,000,000 in outlays in fiscal years 1996 through 2000, 
        and $110,936,000,000 in outlays in fiscal years 1996 through 
        2002.
            (II) In addition to changes in law reported pursuant to 
        subclause (I), the House Committee on Economic and Educational 
        Opportunities shall report program changes in laws within its 
        jurisdiction that would result in a reduction in outlays as 
        follows: -$720,000,000 in fiscal year 1996, -$5,810,000,000 in 
        fiscal years 1996 through 2000, and -$8,770,000,000 in fiscal 
        years 1996 through 2002.
            (v)(I) The House Committee on Government Reform and 
        Oversight: $57,743,000,000 in outlays in fiscal year 1996, 
        $310,364,000,000 in outlays in fiscal years 1996 through 2000, 
        and $449,583,000,000 in outlays in fiscal years 1996 through 
        2002.
            (II) In addition to changes in law reported pursuant to 
        subclause (I), the House Committee on Government Reform and 
        Oversight shall report changes in laws within its jurisdiction 
        that would reduce the deficit by: $85,000,000 in fiscal year 
        1996, $775,000,000 in fiscal years 1996 through 2000, and 
        $1,127,000,000 in fiscal years 1996 through 2002.
            (vi)(I) The House Committee on International Relations: 
        $14,243,000,000 in outlays in fiscal year 1996, $62,072,000,000 
        in outlays in fiscal years 1996 through 2000, and 
        $83,221,000,000 in outlays in fiscal years 1996 through 2002.
            (II) In addition to changes in law reported pursuant to 
        subclause (I), the House Committee on International Relations 
        shall report changes in laws within its jurisdiction that would 
        reduce the deficit by: $1,000,000 in fiscal year 1996, 
        $14,000,000 in fiscal years 1996 through 2000, and $22,000,000 
        in fiscal years 1996 through 2002.
            (vii) The House Committee on the Judiciary: $2,580,000,000 
        in outlays in fiscal year 1996, $13,734,000,000 in outlays in 
        fiscal years 1996 through 2000, and $19,530,000,000 in outlays 
        in fiscal years 1996 through 2002.
            (viii) The House Committee on National Security: 
        $39,601,000,000 in outlays in fiscal year 1996, 
        $226,931,000,000 in outlays in fiscal years 1996 through 2000, 
        and $331,210,000,000 in outlays in fiscal years 1996 through 
        2002.
            (ix) The House Committee on Resources: $1,535,000,000 in 
        outlays in fiscal year 1996, $7,816,000,000 in outlays in 
        fiscal years 1996 through 2000, and $12,871,000,000 in outlays 
        in fiscal years 1996 through 2002.
            (x) The House Committee on Transportation and 
        Infrastructure: $16,615,000,000 in outlays in fiscal year 1996, 
        $83,070,000,000 in outlays in fiscal years 1996 through 2000, 
        and $116,811,000,000 in outlays in fiscal years 1996 through 
        2002.
            (xi) The House Committee on Veterans' Affairs: 
        $19,041,000,000 in outlays in fiscal year 1996, 
        $106,163,000,000 in outlays in fiscal years 1996 through 2000, 
        and $154,864,000,000 in outlays in fiscal years 1996 through 
        2002.
            (xii)(I) The House Committee on Ways and Means shall report 
        changes in laws within its jurisdiction that provide direct 
        spending such that the total level of direct spending for that 
        committee for--
                (aa) fiscal year 1996,
                (bb) the 5-year period beginning with fiscal year 1996 
            and ending with fiscal year 2000, and
                (cc) the 7-year period beginning with fiscal year 1996 
            and ending with fiscal year 2002,
        does not exceed the following level in that period: 
        $349,172,000,000 in outlays in fiscal year 1996, 
        $2,010,751,000,000 in outlays in fiscal years 1996 through 
        2000, and $3,002,706,000,000 in outlays in fiscal years 1996 
        through 2002.
            (II) The House Committee on Ways and Means shall report 
        changes in laws within its jurisdiction such that the total 
        level of revenues for that committee for fiscal year 2000 is 
        not less than $1,304,215,000,000 and for fiscal years 1996 
        through 2002 is not less than $17,938,254,000,000.
            (III) The House Committee on Ways and Means shall report 
        changes in laws to increase the statutory limit on the public 
        debt to not more than $5,500,000,000,000.
            (C) Definition.--For purposes of this paragraph, the term 
        ``direct spending'' has the meaning given to such term in 
        section 250(c)(8) of the Balanced Budget and Emergency Deficit 
        Control Act of 1985.
    (b) Reconciliation of Revenue Reductions in the Senate.--
        (1) Certification.--In the Senate, upon the certification 
    pursuant to section 205(a) of this resolution, the Senate Committee 
    on Finance shall submit its recommendations pursuant to paragraph 
    (2) to the Senate Committee on the Budget. After receiving those 
    recommendations, the Committee on the Budget shall add these 
    recommendations to the recommendations submitted pursuant to 
    subsection (a) and report a reconciliation bill carrying out all 
    such recommendations without any substantive revision.
        (2) Committee on finance.--Not later than five days after the 
    certification made pursuant to section 205(a), the Senate Committee 
    on Finance shall report changes in laws within its jurisdiction 
    necessary to reduce revenues by not more than $50,000,000,000 in 
    fiscal year 2002 and $245,000,000,000 for the period of fiscal 
    years 1996 through 2002.

             TITLE II--BUDGETARY RESTRAINTS AND RULEMAKING

SEC. 201. DISCRETIONARY SPENDING LIMITS.

    (a) Definition.--As used in this section and for the purposes of 
allocations made pursuant to section 302(a) or 602(a) of the 
Congressional Budget Act of 1974, for the discretionary category, the 
term ``discretionary spending limit'' means--
        (1) with respect to fiscal year 1996--
            (A) for the defense category $265,406,000,000 in new budget 
        authority and $264,043,000,000 in outlays; and
            (B) for the nondefense category $219,668,000,000 in new 
        budget authority and $267,725,000,000 in outlays;
        (2) with respect to fiscal year 1997--
            (A) for the defense category $267,962,000,000 in new budget 
        authority and $265,734,000,000 in outlays; and
            (B) for the nondefense category $214,468,000,000 in new 
        budget authority and $254,561,000,000 in outlays;
        (3) with respect to fiscal year 1998--
            (A) for the defense category $269,731,000,000 in new budget 
        authority and $264,531,000,000 in outlays; and
            (B) for the nondefense category $220,961,000,000 in new 
        budget authority and $248,101,000,000 in outlays;
        (4) with respect to fiscal year 1999, for the discretionary 
    category $482,207,000,000 in new budget authority and 
    $510,482,000,000 in outlays;
        (5) with respect to fiscal year 2000, for the discretionary 
    category $489,379,000,000 in new budget authority and 
    $514,234,000,000 in outlays;
        (6) with respect to fiscal year 2001, for the discretionary 
    category $496,601,000,000 in new budget authority and 
    $516,403,000,000 in outlays; and
        (7) with respect to fiscal year 2002, for the discretionary 
    category $498,837,000,000 in new budget authority and 
    $515,075,000,000 in outlays;
as adjusted for changes in concepts and definitions and emergency 
appropriations.
    (b) Point of Order in the Senate.--
        (1) In general.--Except as provided in paragraph (2), it shall 
    not be in order in the Senate to consider--
            (A) any concurrent resolution on the budget for fiscal year 
        1996, 1997, or 1998 (or amendment, motion, or conference report 
        on such a resolution) that provides discretionary spending in 
        excess of the sum of the defense and nondefense discretionary 
        spending limits for such fiscal year;
            (B) any concurrent resolution on the budget for fiscal 
        years 1999, 2000, 2001, or 2002 (or amendment, motion, or 
        conference report on such a resolution) that provides 
        discretionary spending in excess of the discretionary spending 
        limit for such fiscal year; or
            (C) any appropriations bill or resolution (or amendment, 
        motion, or conference report on such appropriations bill or 
        resolution) for fiscal year 1995, 1996, 1997, 1998, 1999, 2000, 
        2001, or 2002 that would exceed any of the discretionary 
        spending limits in this section or suballocations of those 
        limits made pursuant to section 602(b) of the Congressional 
        Budget Act of 1974.
        (2) Exception.--
            (A) In general.--This section 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.
            (B) Enforcement of discretionary limits.--Paragraph (1)(A) 
        and the application of paragraph (1)(B) to fiscal years 1997 
        through 2002 shall not take effect until the enactment of a 
        reconciliation bill pursuant to section 105 of this resolution.
    (c) 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.
    (d) 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.
    (e) 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.

SEC. 202. EXTENSION OF PAY-AS-YOU-GO POINT OF ORDER.

    (a) Purpose.--The Senate declares that it is essential to--
        (1) ensure continued compliance with the balanced budget plan 
    set forth in this resolution; and
        (2) continue the pay-as-you-go enforcement system.
    (b) Point of Order.--
        (1) In general.--It shall not be in order in the Senate to 
    consider any direct spending or revenue legislation that would 
    increase the deficit for any one of the three applicable time 
    periods as measured in paragraphs (5) and (6).
        (2) Applicable time periods.--For purposes of this subsection 
    the term ``applicable time period'' means any one of the three 
    following periods:
            (A) The first year covered by the most recently adopted 
        concurrent resolution on the budget.
            (B) The period of the first five fiscal years covered by 
        the most recently adopted concurrent resolution on the budget.
            (C) The period of the five fiscal years following the first 
        five fiscal years covered in the most recently adopted 
        concurrent resolution on the budget.
        (3) Direct-spending legislation.--For purposes of this 
    subsection and except as provided in paragraph (4), the term 
    ``direct-spending legislation'' means any bill, joint resolution, 
    amendment, motion, or conference report that affects direct 
    spending as that term is defined by and interpreted for purposes of 
    the Balanced Budget and Emergency Deficit Control Act of 1985.
        (4) Exclusion.--For purposes of this subsection, the terms 
    ``direct-spending legislation'' and ``revenue legislation'' do not 
    include--
            (A) any concurrent resolution on the budget; or
            (B) any provision of legislation that affects the 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.
        (5) Baseline.--Estimates prepared pursuant to this section 
    shall--
            (A) use the baseline used for the most recently adopted 
        concurrent resolution on the budget; and
            (B) be calculated under the requirements of subsections (b) 
        through (d) of section 257 of the Balanced Budget and Emergency 
        Deficit Control Act of 1985 for fiscal years beyond those 
        covered by that concurrent resolution on the budget.
        (6) Prior surplus.--If direct spending or revenue legislation 
    increases the deficit when taken individually, then it must also 
    increase the deficit when taken together with all direct spending 
    and revenue legislation enacted since the beginning of the calendar 
    year not accounted for in the baseline under paragraph (5)(A), 
    except that the direct spending or revenue effects resulting from 
    legislation enacted pursuant to the reconciliation instructions 
    included in that concurrent resolution on the budget shall not be 
    available.
    (c) 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.
    (d) 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 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.
    (e) Determination of Budget Levels.--For purposes of this section, 
the levels of new budget authority, outlays, and revenues for a fiscal 
year shall be determined on the basis of estimates made by the 
Committee on the Budget of the Senate.
    (f) Conforming Amendment.--Section 23 of House Concurrent 
Resolution 218 (103d Congress) is repealed.
    (g) Sunset.--Subsections (a) through (e) of this section shall 
expire September 30, 2002.

SEC. 203. TAX RESERVE FUND IN THE SENATE.

    (a) In General.--In the Senate, on or after October 1, 1995, 
revenue and spending aggregates shall be reduced and allocations may be 
revised for legislation that reduces revenues within 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 the 
deficit in this resolution for--
        (1) fiscal year 1996;
        (2) the period of fiscal years 1996 through 2000; or
        (3) the period of fiscal years 2001 through 2005.
    (b) Revised Allocations.--Upon the reporting of legislation 
pursuant to subsection (a), 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 section. 
These 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.
    (c) Reporting Revised Allocations.--The appropriate committee shall 
report appropriately revised allocations pursuant to sections 302(b) 
and 602(b) of the Congressional Budget Act of 1974 to carry out this 
section.

SEC. 204. WELFARE REFORM RESERVE FUND.

    (a) In General.--
        (1) Direct spending.--In the Senate and the House of 
    Representatives, budget authority and outlays, and (in the House) 
    entitlement authority, allocated to a committee may be revised, 
    pursuant to subsection (b)(1), for legislation in that committee's 
    jurisdiction that has the effect of reducing direct spending for a 
    welfare program and authorizes an increase in discretionary 
    spending for that welfare program, if that committee reports such 
    legislation.
        (2) Discretionary spending.--In the Senate and the House of 
    Representatives, budget authority and outlays allocated to the 
    Committee on Appropriations, and (in the Senate) the discretionary 
    spending limits in section 201 of this resolution, may be 
    increased, pursuant to subsection (b)(2), for an appropriation 
    measure that provides new discretionary budget authority for a 
    welfare program pursuant to authority provided in legislation 
    described in paragraph (1), if the Committee on Appropriations 
    reports such an appropriation measure.
    (b) Revised Allocations.--
        (1) Direct spending.--Upon reporting of legislation pursuant to 
    subsection (a)(1) and again upon submission of a conference report 
    on such legislation, the chairman of the Committee on the Budget of 
    the House or Senate (whichever is appropriate) may submit to that 
    House revised allocations under sections 302(a) and 602(a) of the 
    Congressional Budget Act of 1974 to carry out this section. Such 
    revised allocations shall be considered for the purposes of the 
    Congressional Budget Act of 1974 to be the allocations under this 
    concurrent budget resolution. In the Senate, the revision shall 
    reflect that amount of the direct spending savings estimated to 
    result from such legislation to the extent they exceed the savings 
    assumed in this concurrent resolution on the budget.
        (2) Discretionary spending.--Upon reporting of legislation 
    pursuant to subsection (a)(2) and again upon the submission of a 
    conference report on such legislation, the chairman of the 
    Committee on the Budget of the House or Senate (whichever is 
    appropriate) may submit to that House revised allocations under 
    sections 302(a) and 602(a) of the Congressional Budget Act of 1974 
    and revised discretionary spending limits. The revision shall 
    reflect that amount of the new discretionary budget authority 
    provided for the welfare program up to the level authorized in the 
    legislation reported pursuant to subsection (a)(1), except that the 
    budget authority and outlay revisions shall not exceed the 
    adjustments made pursuant to paragraph (1) for that welfare 
    program. Such revised allocations and discretionary spending limits 
    shall be considered, for the purposes of the Congressional Budget 
    Act of 1974, to be the allocations and spending limits under this 
    concurrent resolution on the budget.
    (c) Committee on Appropriations.--The Committees on Appropriations 
may report appropriately revised suballocations pursuant to sections 
302(b)(1) and 602(b)(1) of the Congressional Budget Act of 1974 
following the revision of the allocations pursuant to subsection 
(b)(2), to carry out this section.

SEC. 205. BUDGET SURPLUS ALLOWANCE.

    (a) CBO Certification of Legislative Submissions.--
        (1) Submission of legislation.--Upon the submission of 
    legislative recommendations pursuant to section 105(a) and prior to 
    the submission of a conference report on legislation reported 
    pursuant to section 105, the chairman of the Committee on the 
    Budget of the Senate and the House of Representatives (as the case 
    may be) shall submit such recommendations to the Congressional 
    Budget Office.
        (2) Basis of estimates.--For the purposes of preparing an 
    estimate pursuant to this subsection, the Congressional Budget 
    Office shall include the budgetary impact of all legislation 
    enacted to date, use the economic and technical assumptions 
    underlying this resolution, and assume compliance with the total 
    discretionary spending levels assumed in this resolution unless 
    superseded by law.
        (3) Estimate of legislation.--The Congressional Budget Office 
    shall provide an estimate to the Chairman of the Budget Committee 
    of the Senate and the House of Representatives (as the case may be) 
    and certify whether the legislative recommendations would balance 
    the total budget by fiscal year 2002.
        (4) Certification.--If the Congressional Budget Office 
    certifies that such legislative recommendations would balance the 
    total budget by fiscal year 2002, the Chairman shall submit such 
    certification in his respective House.
    (b) Procedure in the Senate.--
        (1) Adjustments.--For the purposes of points of order under the 
    Congressional Budget Act of 1974 and this concurrent resolution on 
    the budget, the appropriate budgetary allocations and aggregates 
    shall be revised to be consistent with the instructions set forth 
    in section 105(b) for legislation that reduces revenues by 
    providing family tax relief and incentives to stimulate savings, 
    investment, job creation, and economic growth.
        (2) Revised aggregates.--Upon the reporting of legislation 
    pursuant to section 105(b) and again upon the submission of a 
    conference report on such legislation, the Chairman of the 
    Committee on the Budget of the Senate shall submit appropriately 
    revised budgetary allocations and aggregates.
        (3) Effect of revised allocations and aggregates.--Revised 
    allocations and aggregates submitted under paragraph (2) shall be 
    considered for the purposes of the Congressional Budget Act of 1974 
    as allocations and aggregates contained in this resolution.
    (c) Contingencies.--This section shall not apply unless the 
reconciliation legislation--
        (1) complies with the sum of the reconciliation directives for 
    the period of fiscal years 1996 through 2002 provided in section 
    105(a); and
        (2) would balance the total budget for fiscal year 2002 and the 
    period of fiscal years 2002 through 2005.
    (d) Definitions.--For the purposes of this section, the term 
``balance the total budget'' means total outlays are less than or equal 
to total revenues for a fiscal year or a period of fiscal years.

SEC. 206. SALE OF GOVERNMENT ASSETS.

    (a) Sense of the Congress.--It is the sense of the Congress that--
        (1) the prohibition on scoring asset sales has discouraged the 
    sale of assets that can be better managed by the private sector and 
    generate receipts to reduce the Federal budget deficit;
        (2) the President's fiscal year 1996 budget included 
    $8,000,000,000 in receipts from asset sales and proposed a change 
    in the asset sale scoring rule to allow the proceeds from these 
    sales to be scored;
        (3) assets should not be sold if such sale would increase the 
    budget deficit over the long run; and
        (4) the asset sale scoring prohibition should be repealed and 
    consideration should be given to replacing it with a methodology 
    that takes into account the long-term budgetary impact of asset 
    sales.
    (b) Budgetary Treatment.--For purposes of any concurrent resolution 
on the budget and the Congressional Budget Act of 1974, the amounts 
realized from sales of assets shall be scored with respect to the level 
of budget authority, outlays, or revenues.
    (c) Definitions.--For purposes of this section, 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.
    (d) Treatment of Loan Assets.--For the purposes of this section, 
the sale of loan assets or the prepayment of a loan shall be governed 
by the terms of the Federal Credit Reform Act of 1990.

SEC. 207. CREDIT REFORM AND DIRECT STUDENT LOANS.

    For the purposes of any concurrent resolution on the budget and the 
Congressional Budget Act of 1974, the cost of a direct loan under the 
Federal direct student loan program shall be the net present value, at 
the time when the direct loan is disbursed, of the following cash flows 
for the estimated life of the loan:
        (1) Loan disbursements.
        (2) Repayments of principal.
        (3) Payments of interest and other payments by or to the 
    Government over the life of the loan after adjusting for estimated 
    defaults, prepayments, fees, penalties, and other recoveries.
        (4) Direct expenses, including--
            (A) activities related to credit extension, loan 
        origination, loan servicing, management of contractors, and 
        payments to contractors, other government entities, and program 
        participants;
            (B) collection of delinquent loans; and
            (C) writeoff and closeout of loans.

SEC. 208. EXTENSION OF BUDGET ACT 60-VOTE ENFORCEMENT THROUGH 2002.

    Notwithstanding section 275(b) of the Balanced Budget and Emergency 
Deficit Control Act of 1985 (as amended by sections 13112(b) and 
13208(b)(3) of the Budget Enforcement Act of 1990), the second sentence 
of section 904(c) of the Congressional Budget Act of 1974 (except 
insofar as it relates to section 313 of that Act) and the final 
sentence of section 904(d) of that Act (except insofar as it relates to 
section 313 of that Act) shall continue to have effect as rules of the 
Senate through (but no later than) September 30, 2002.
SEC. 209. REPEAL OF IRS ALLOWANCE.

    Section 25 of House Concurrent Resolution 218 (103d Congress, 2d 
Session) is repealed.

SEC. 210. TAX REDUCTION CONTINGENT ON BALANCED BUDGET IN THE HOUSE OF 
              REPRESENTATIVES

    (a) Estimates and Certification.--
        (1) Estimates.--Upon reporting a reconciliation bill to carry 
    out this resolution, the chairman of the Committee on the Budget of 
    the House shall submit such legislation to the Director of the 
    Congressional Budget Office (hereinafter in this section referred 
    to as the ``Director''). The Director shall provide an estimate of 
    whether the enactment of the bill, as reported, would result in a 
    balanced total budget by fiscal year 2002.
        (2) Certification.--(A) If the enactment of the bill as 
    estimated by the Director would so balance the budget, the chairman 
    of the Committee on the Budget is authorized to so certify.
        (B) If the enactment of the bill as estimated by the Director 
    would not so balance the budget, the chairman of the Committee on 
    the Budget shall notify the chairman of the Committee on Rules. The 
    Committee on Rules may recommend to the House a resolution 
    providing for the consideration of an amendment in the nature of a 
    substitute consisting of the text of the reconciliation bill 
    reported by the Committee on the Budget, modified by amendments to 
    achieve a balanced budget by fiscal year 2002 and amendments 
    described in section 310(d) of the Congressional Budget Act of 
    1974, as an original bill for purposes of amendment.
        (C) If the Committee on Rules so recommends, the chairman of 
    the Committee on the Budget shall submit the substitute text to the 
    Director, who shall provide an estimate of whether the substitute 
    text would balance the total budget by fiscal year 2002. If the 
    enactment of the bill as estimated by the Director would so balance 
    the budget, the chairman of the Committee on the Budget is 
    authorized to so certify.
        (3) Basis of estimate.--In preparing any estimate under this 
    section, the Director shall include the budgetary impact of all 
    legislation enacted through the date of submission of that estimate 
    and of all legislation incorporated by reference in the 
    reconciliation bill, use the economic and technical assumptions 
    underlying this resolution, assume compliance with the total 
    discretionary levels assumed in this resolution unless superseded 
    by law, and include changes in outlays and revenues estimated to 
    result from the economic impact of balancing the budget by fiscal 
    year 2002 as estimated by the Congressional Budget Office in Table 
    B-4 in Appendix B of its Analysis of the President's Budgetary 
    Proposals for Fiscal Year 1996.
    (b) Procedure in the House of Representatives.--
        (1) Adjustments.--Upon certification by the chairman of the 
    Committee on the Budget of the House under subsection (a), the 
    chairman shall submit a report to the House that revises the 
    appropriate budgetary allocations, aggregates, and totals to be 
    consistent with the instructions set forth in section 
    105(a)(2)(B)(xii)(II).
        (2) Effect of revised allocations, aggregates, and totals.--In 
    the House of Representatives, revised allocations, aggregates, and 
    totals submitted under paragraph (1) shall be deemed as the 
    allocations, aggregates, and totals contained in this resolution 
    for all purposes under the Congressional Budget Act of 1974.
        (3) Statement regarding point of order.--If the chairman of the 
    House Committee on the Budget does not certify a balanced budget by 
    2002, then the reconciliation bill to carry out this resolution 
    would be subject to a point of order under the Congressional Budget 
    Act of 1974.

SEC. 211. EXERCISE OF RULEMAKING POWERS.

    The Congress adopts the provisions of this title--
        (1) as an exercise of the rulemaking power of the Senate and 
    the House of Representatives, respectively, and as such they shall 
    be considered as part of the rules of each House, 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 that House.

 TITLE III--SENSE OF THE CONGRESS, HOUSE OF REPRESENTATIVES, AND SENATE

SEC. 301. SENSE OF THE CONGRESS ON THE ELIMINATION OF FRAUD, WASTE, AND 
              ABUSE IN THE MEDICARE SYSTEM.

    It is the sense of the Congress that, in order to meet the 
aggregate levels in this budget resolution--
        (1) the committees of jurisdiction should give high priority to 
    proposals that identify, eliminate, and recover funds expended from 
    the medicare trust funds due to fraud and abuse in the medicare 
    program in order to address the long-term solvency of medicare; and
        (2) any funds recovered from enhanced antifraud and abuse 
    efforts should be used to enhance the solvency of medicare.

SEC. 302. SENSE OF CONGRESS REGARDING PRIVATIZATION OF THE STUDENT LOAN 
              MARKETING ASSOCIATION (SALLIE MAE).

    It is the sense of the Congress that the Student Loan Marketing 
Association should be restructured as a private corporation.

SEC. 303. SENSE OF THE CONGRESS REGARDING THE DEBT LIMIT.

    It is the sense of the Congress that--
        (1) the reconciliation legislation under section 105 of this 
    budget resolution should be enacted prior to passage of legislation 
    that will extend the public debt limit; and
        (2) the extension of the public debt should be set at levels 
    and for durations that ensure a balanced budget by fiscal year 
    2002, consistent with this budget resolution.
SEC. 304. SENSE OF THE CONGRESS ASSUMPTIONS.

    It is the sense of the Congress that the aggregates and functional 
levels included in this budget resolution assume that--
        (1) Federal programs should be restructured to meet identified 
    priorities in the most effective and efficient manner, to eliminate 
    obsolete programs, and to reduce duplication;
        (2) Federal programs should be reviewed to determine whether 
    they are more appropriately the responsibility of the States and, 
    for programs that should be under State responsibility, that--
            (A) Federal funding of these programs should be provided in 
        a manner that rewards work, promotes families, and provides a 
        helping hand during times of crisis;
            (B) the programs should be returned in the form of block 
        grants that provide maximum flexibility to the States and 
        localities to ensure the maximum benefit at the least cost to 
        the American taxpayer;
            (C) Federal funds should not supplant existing expenditures 
        by other sources, both public and private; and
            (D) the Federal interest in the program should be protected 
        with adequate safeguards, such as auditing or maintenance of 
        effort provisions, and that Federal goals and principles may be 
        appropriate;
        (3) Congress should examine Federal functions to determine 
    those that could be more conveniently, efficiently, and effectively 
    performed by the private sector and, in order to facilitate the 
    privatization of these functions--
            (A) provisions of law that prohibit or ``lockout'' the 
        private sector from competing for the provision of certain 
        services should be eliminated;
            (B) section 257(e) of the Balanced Budget and Emergency 
        Deficit Control Act of 1985 should be repealed or modified to 
        permit the sale of assets when appropriate to privatization 
        goals;
            (C) each Federal agency and department should be encouraged 
        to develop and evaluate privatization initiatives; and
            (D) the ``Common Rule'', modified by Executive Order 12803, 
        should be modified to delete grant repayment provisions which 
        restrict local governments and prevent private sector 
        investments in Federal-aid facilities;
        (4) Congress, in fulfilling its responsibility to future 
    generations, should--
            (A) enact a plan that balances the budget by 2002 and 
        develop a regimen for paying off the Federal debt; and
            (B) once the budget is in balance, use the surpluses to 
        implement that regimen;
        (5) in considering child nutrition programs--
            (A) reductions in nutrition program spending should be 
        achieved without compromising the nutritional well-being of 
        program recipients;
            (B) school lunches should continue to meet minimal 
        nutrition requirements and should not have to compete with 
        alternative foods of minimal nutritional value during lunch 
        hours; and
            (C) the content of the Women, Infants, and Children (WIC) 
        food package should continue to be based on scientific 
        evidence; and
        (6) science and technology development are critical to 
    sustainable long-term economic growth and priority should be given 
    to Federal funding for science and basic and applied research.

SEC. 305. SENSE OF THE SENATE THAT TAX REDUCTIONS SHOULD BENEFIT 
              WORKING FAMILIES.

    It is the sense of the Senate that this concurrent resolution on 
the budget assumes any reductions in taxes should be structured to 
benefit working families by providing family tax relief and incentives 
to stimulate savings, investment, job creation, and economic growth.

SEC. 306. SENSE OF THE SENATE ON THE DISTRIBUTION OF AGRICULTURE 
              SAVINGS.

    It is the sense of the Senate that, in response to the 
reconciliation instructions in section 105 of this resolution, the 
Senate Committee on Agriculture, Nutrition, and Forestry should provide 
that no more than 20 percent of the savings be achieved in commodity 
programs.

SEC. 307. SENSE OF THE SENATE ON THE ESTABLISHMENT OF A MEDICARE 
              SOLVENCY COMMISSION.

    It is the sense of the Senate that, in order to meet the aggregates 
and levels in this budget resolution--
        (1) a special bipartisan commission should be established 
    immediately to make recommendations on the most appropriate 
    response to the short-term solvency crisis facing medicare;
        (2) the commission should report its recommendations under 
    paragraph (1) at the earliest possible date, in order that the 
    committees of jurisdiction may give due consideration to those 
    recommendations in fashioning their response pursuant to section 
    105 of this resolution; and
        (3) the commission should study, evaluate, and make 
    recommendations to sustain the long-term viability of the medicare 
    system and should report those recommendations to Congress by 
    February 1, 1996.

SEC. 308. SENSE OF THE SENATE REGARDING PROTECTION OF CHILDREN'S 
              HEALTH.

    It is the sense of the Senate that, in meeting the aggregates and 
levels in this resolution, the committees of jurisdiction of the 
Senate--
        (1) should give careful consideration to the impact of medicaid 
    reform legislation on children's health; and
        (2) should encourage States to place a priority on funding for 
    low-income pregnant women and children within any medicaid reform 
    legislation that allows greater flexibility to the States in the 
    delivery of care and in controlling the rate of growth in costs 
    under the program.

SEC. 309. SENSE OF THE SENATE ON THE ASSUMPTIONS.

    It is the sense of the Senate that the aggregates and functional 
levels included in this budget resolution assume that--
        (1) beginning with fiscal year 1997, the Federal government 
    should establish, implement, and maintain a uniform accounting 
    system and provide financial statements in accordance with accepted 
    accounting principles under standards and interpretations 
    recommended by the Federal Accounting Standards Advisory Board;
        (2) Congress should revise the Internal Revenue Code to ensure 
    that very wealthy individuals are not able to reduce or avoid 
    United States income, estate or gift tax liability by relinquishing 
    their U.S. citizenship and, that, any savings resulting from this 
    revision should be used to reduce the deficit;
        (3) in furtherance of the goals of the Decade of the Brain, 
    full funding should be provided for research on brain diseases and 
    disorders;
        (4) the essential air service program should receive sufficient 
    funding to continue to provide air service to small rural 
    communities;
        (5) funds will be made available to reimburse States for the 
    costs of implementing the National Voter Registration Act of 1993; 
    and
        (6) a temporary nonpartisan commission should be established to 
    make recommendations concerning the appropriateness and accuracy of 
    the methodology and calculations that determine the Consumer Price 
    Index (CPI) and those recommendations should be submitted to the 
    Bureau of Labor Statistics at the earliest possible date.

SEC. 310. HOUSE STATEMENT ON AGRICULTURE SAVINGS.

    The House of Representatives shall re-examine budget reductions for 
agricultural programs in the United States Department of Agriculture 
for fiscal years 1999 and 2000 unless the following conditions are met:
        (1) Land values on agricultural land on January 1, 1998, are at 
    least 95 percent of the same values on the date of adoption of this 
    resolution.
        (2) There is enacted into law regulatory relief for the 
    agricultural sector in the areas of wetlands regulation, the 
    Endangered Species Act, private property rights and cost-benefit 
    analyses of proposed regulations.
        (3) There is tax relief for producers in the form of capital 
    gains tax reduction, increased estate tax exemptions and mechanisms 
    to average tax loads over strong and weak income years.
        (4) There is no government interference in the international 
    market in the form of agricultural trade embargoes in effect and 
    there is successful implementation and enforcement of trade 
    agreements, including the General Agreement on Tariffs and Trade 
    (GATT) and the North American Free Trade Agreement (NAFTA) to lower 
    export subsidies and reduce import barriers to trade imposed by 
    foreign governments.

SEC. 311. SENSE OF THE HOUSE ON BASELINES.

    (a) Findings.--The House of Representatives finds that--
        (1) baselines are projections of future spending if existing 
    policies remain unchanged;
        (2) under baseline assumptions, spending automatically rises 
    with inflation even if such increases are not provided under 
    current law;
        (3) baseline budgeting is inherently biased against policies 
    that would reduce the projected growth in spending because such 
    policies are scored as a reduction from a rising baseline; and
        (4) the baseline concept has encouraged Congress to abdicate 
    its constitutional responsibility to control the public purse for 
    programs which are automatically funded under existing law.
    (b) Sense of the House.--It is the sense of the House of 
Representatives that baseline budgeting should be replaced with a form 
of budgeting that requires full justification and analysis of budget 
proposals and maximizes congressional accountability for public 
spending.

SEC. 312. SENSE OF THE HOUSE REGARDING A COMMISSION ON THE SOLVENCY OF 
              THE FEDERAL MILITARY AND CIVIL SERVICE RETIREMENT FUNDS.

    (a) Findings.--The House of Representatives finds that the Federal 
retirement system, for both military and civil service retirees, 
currently has liabilities of $1,100,000,000,000, while holding assets 
worth $340,000,000,000 and anticipating employee contributions of 
$220,000,000,000, which leaves an unfunded liability of 
$540,000,000,000.
    (b) Sense of House.--It is the sense of the House of 
Representatives that a high-level commission should be convened to 
study the problems associated with the Federal retirement system and 
make recommendations that will ensure the long-term solvency of the 
military and civil service retirement funds.

SEC. 313. SENSE OF THE HOUSE REGARDING THE REPEAL OF HOUSE RULE XLIX.

    It is the sense of the House that rule XLIX of the Rules of the 
House of Representatives (popularly known as the Gephardt rule) should 
be repealed.

SEC. 314. SENSE OF THE HOUSE ON EMERGENCIES.

    (a) Findings.--The House of Representative finds that--
        (1) The Budget Enforcement Act of 1990 exempted from the 
    discretionary spending limits and the Pay-As-You-Go requirements 
    for entitlement and tax legislation funding requirements that are 
    designated by Congress and the President as an emergency.
        (2) Congress and the President have increasingly misused the 
    emergency designation by--
            (A) designating funding as an emergency that is neither 
        unforeseen nor a genuine emergency; and
            (B) circumventing spending limits or passing controversial 
        items that would not pass scrutiny in a free-standing bill.
    (b) Sense of the House.--It is the sense of the House that Congress 
should study alternative approaches to budgeting for emergencies, 
including codifying the definition of an emergency and establishing 
contingency funds to pay for emergencies.
Attest:

                                 Clerk of the House of Representatives.

Attest:

                                               Secretary of the Senate.