[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 67 Reported in House (RH)]
Union Calendar No. 54
104th CONGRESS
1st Session
H. CON. RES. 67
[Report No. 104-120]
_______________________________________________________________________
CONCURRENT RESOLUTION
Setting forth the congressional budget for the United States Government
for the fiscal years 1996, 1997, 1998, 1999, 2000, 2001, and 2002.
_______________________________________________________________________
May 15, 1995
Committed to the Committee of the Whole House on the State of the Union
and ordered to be printed
Union Calendar No. 54
104th CONGRESS
1st Session
H. CON. RES. 67
[Report No. 104-120]
Setting forth the congressional budget for the United States Government
for the fiscal years 1996, 1997, 1998, 1999, 2000, 2001, and 2002.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 15, 1995
Mr. Kasich, from the Committee on the Budget, reported the following
concurrent resolution; which was committed to the Committee of the
Whole House on the State of the Union and ordered to be printed
_______________________________________________________________________
CONCURRENT RESOLUTION
Setting forth the congressional budget for the United States Government
for the fiscal years 1996, 1997, 1998, 1999, 2000, 2001, and 2002.
Resolved by the House of Representatives (the Senate concurring),
SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 1996.
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,
2001, and 2002, as required by section 301 of the Congressional Budget
Act of 1974.
SEC. 2. RECOMMENDED LEVELS AND AMOUNTS.
The following budgetary levels are appropriate for the fiscal years
beginning on October 1, 1995, October 1, 1996, October 1, 1997, October
1, 1998, October 1, 1999, October 1, 2000, and October 1, 2001:
(1) The recommended levels of Federal revenues are as follows:
Fiscal year 1996: $1,057,500,000,000.
Fiscal year 1997: $1,058,500,000,000.
Fiscal year 1998: $1,099,600,000,000.
Fiscal year 1999: $1,138,700,000,000.
Fiscal year 2000: $1,189,300,000,000.
Fiscal year 2001: $1,247,200,000,000.
Fiscal year 2002: $1,316,600,000,000.
and the amounts by which the aggregate levels of Federal revenues
should be changed are as follows:
Fiscal year 1996: $14,987,000,000.
Fiscal year 1997: -$24,393,000,000.
Fiscal year 1998: -$34,772,000,000.
Fiscal year 1999: -$48,354,000,000.
Fiscal year 2000: -$58,836,000,000.
Fiscal year 2001: -$69,275,000,000.
Fiscal year 2002: -$71,859,000,000.
and the amounts for Federal Insurance Contributions Act revenues for
hospital insurance within the recommended levels of Federal revenues
are as follows:
Fiscal year 1996: $103,815,000,000.
Fiscal year 1997: $108,986,000,000.
Fiscal year 1998: $114,877,000,000.
Fiscal year 1999: $120,698,000,000.
Fiscal year 2000: $126,893,000,000.
Fiscal year 2001: $133,590,000,000.
Fiscal year 2002: $140,425,000,000.
(2) The appropriate levels of total new budget authority are as
follows:
Fiscal year 1996: $1,285,900,000,000.
Fiscal year 1997: $1,321,900,000,000.
Fiscal year 1998: $1,355,800,000,000.
Fiscal year 1999: $1,388,800,000,000.
Fiscal year 2000: $1,421,800,000,000.
Fiscal year 2001: $1,436,000,000,000.
Fiscal year 2002: $1,459,800,000,000.
(3) The appropriate levels of total budget outlays are as follows:
Fiscal year 1996: $1,287,000,000,000.
Fiscal year 1997: $1,313,900,000,000.
Fiscal year 1998: $1,326,800,000,000.
Fiscal year 1999: $1,363,500,000,000.
Fiscal year 2000: $1,400,800,000,000.
Fiscal year 2001: $1,414,200,000,000.
Fiscal year 2002: $1,437,300,000,000.
(4) The amounts of the deficits are as follows:
Fiscal year 1996: -$229,500,000,000.
Fiscal year 1997: -$255,400,000,000.
Fiscal year 1998: -$227,200,000,000.
Fiscal year 1999: -$224,800,000,000.
Fiscal year 2000: -$211,500,000,000.
Fiscal year 2001: -$167,000,000,000.
Fiscal year 2002: -$120,700,000,000.
(5) The appropriate levels of the public debt are as follows:
Fiscal year 1996: $5,195,000,000,000.
Fiscal year 1997: $5,516,100,000,000.
Fiscal year 1998: $5,809,800,000,000.
Fiscal year 1999: $6,099,700,000,000.
Fiscal year 2000: $6,374,300,000,000.
Fiscal year 2001: $6,614,400,000,000.
Fiscal year 2002: $6,806,100,000,000.
(6) The appropriate levels of total Federal credit activity for the
fiscal years beginning on October 1, 1995, October 1, 1996, October 1,
1997, October 1, 1998, October 1, 1999, October 1, 2000, and October 1,
2001 are as follows:
Fiscal year 1996:
(A) New direct loan obligations, $37,600,000,000.
(B) New primary loan guarantee commitments,
$193,400,000,000.
Fiscal year 1997:
(A) New direct loan obligations, $40,200,000,000.
(B) New primary loan guarantee commitments,
$187,900,000,000.
Fiscal year 1998:
(A) New direct loan obligations, $42,300,000,000.
(B) New primary loan guarantee commitments,
$185,300,000,000.
Fiscal year 1999:
(A) New direct loan obligations, $45,700,000,000.
(B) New primary loan guarantee commitments,
$183,300,000,000.
Fiscal year 2000:
(A) New direct loan obligations, $45,800,000,000.
(B) New primary loan guarantee commitments,
$184,700,000,000.
Fiscal year 2001:
(A) New direct loan obligations, $45,800,000,000.
(B) New primary loan guarantee commitments,
$186,100,000,000.
Fiscal year 2002:
(A) New direct loan obligations, $46,100,000,000.
(B) New primary loan guarantee commitments,
$187,600,000,000.
SEC. 3. MAJOR FUNCTIONAL CATEGORIES.
The Congress determines and declares that the appropriate levels of
new budget authority, budget outlays, new direct loan obligations, new
primary loan guarantee commitments, and new secondary loan guarantee
commitments for fiscal years 1996 through 2002 for each major
functional category are:
(1) National Defense (050):
Fiscal year 1996:
(A) New budget authority, $267,300,000,000.
(B) Outlays, $265,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$1,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $269,300,000,000.
(B) Outlays, $265,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$1,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $277,300,000,000.
(B) Outlays, $265,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$1,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $281,300,000,000.
(B) Outlays, $271,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$1,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $287,300,000,000.
(B) Outlays, $279,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$1,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $287,300,000,000.
(B) Outlays, $279,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$1,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $287,200,000,000.
(B) Outlays, $279,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$1,700,000,000.
(E) New secondary loan guarantee commitments, $0.
(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,
$16,300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $13,700,000,000.
(B) Outlays, $15,100,000,000.
(C) New direct loan obligations, $5,700,000,000.
(D) New primary loan guarantee commitments,
$16,300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $11,300,000,000.
(B) Outlays, $13,300,000,000.
(C) New direct loan obligations, $5,700,000,000.
(D) New primary loan guarantee commitments,
$16,300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $9,700,000,000.
(B) Outlays, $11,500,000,000.
(C) New direct loan obligations, $5,700,000,000.
(D) New primary loan guarantee commitments,
$16,300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $10,500,000,000.
(B) Outlays, $10,000,000,000.
(C) New direct loan obligations, $5,700,000,000.
(D) New primary loan guarantee commitments,
$16,300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $12,000,000,000.
(B) Outlays, $11,100,000,000.
(C) New direct loan obligations, $5,700,000,000.
(D) New primary loan guarantee commitments,
$16,300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $12,000,000,000.
(B) Outlays, $10,700,000,000.
(C) New direct loan obligations, $5,700,000,000.
(D) New primary loan guarantee commitments,
$16,300,000,000.
(E) New secondary loan guarantee commitments, $0.
(3) General Science, Space, and Technology (250):
Fiscal year 1996:
(A) New budget authority, $16,700,000,000.
(B) Outlays, $16,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary 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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $15,700,000,000.
(B) Outlays, $16,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $14,900,000,000.
(B) Outlays, $14,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $14,900,000,000.
(B) Outlays, $14,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $14,900,000,000.
(B) Outlays, $14,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
(4) Energy (270):
Fiscal year 1996:
(A) New budget authority, $4,400,000,000.
(B) Outlays, $4,300,000,000.
(C) New direct loan obligations, $1,200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $3,900,000,000.
(B) Outlays, $3,200,000,000.
(C) New direct loan obligations, $1,200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $3,600,000,000.
(B) Outlays, $2,900,000,000.
(C) New direct loan obligations, $1,200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $3,900,000,000.
(B) Outlays, $3,100,000,000.
(C) New direct loan obligations, $1,200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $3,600,000,000.
(B) Outlays, $2,700,000,000.
(C) New direct loan obligations, $1,200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $3,600,000,000.
(B) Outlays, $2,500,000,000.
(C) New direct loan obligations, $1,200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $3,500,000,000.
(B) Outlays, $2,300,000,000.
(C) New direct loan obligations, $1,200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
(5) Natural Resources and Environment (300):
Fiscal year 1996:
(A) New budget authority, $19,300,000,000.
(B) Outlays, $20,200,000,000.
(C) New direct loan obligations, $100,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $19,100,000,000.
(B) Outlays, $19,900,000,000.
(C) New direct loan obligations, $100,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $17,200,000,000.
(B) Outlays, $17,800,000,000.
(C) New direct loan obligations, $100,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $18,600,000,000.
(B) Outlays, $19,100,000,000.
(C) New direct loan obligations, $100,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $17,400,000,000.
(B) Outlays, $17,800,000,000.
(C) New direct loan obligations, $100,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $17,900,000,000.
(B) Outlays, $18,200,000,000.
(C) New direct loan obligations, $100,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $17,800,000,000.
(B) Outlays, $18,100,000,000.
(C) New direct loan obligations, $100,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
(6) Agriculture (350):
Fiscal year 1996:
(A) New budget authority, $13,000,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $12,800,000,000.
(B) Outlays, $11,500,000,000.
(C) New direct loan obligations, $11,500,000,000.
(D) New primary loan guarantee commitments,
$5,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $11,600,000,000.
(B) Outlays, $10,400,000,000.
(C) New direct loan obligations, $10,900,000,000.
(D) New primary loan guarantee commitments,
$5,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $11,400,000,000.
(B) Outlays, $10,100,000,000.
(C) New direct loan obligations, $11,600,000,000.
(D) New primary loan guarantee commitments,
$5,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $10,200,000,000.
(B) Outlays, $9,000,000,000.
(C) New direct loan obligations, $11,400,000,000.
(D) New primary loan guarantee commitments,
$5,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $8,100,000,000.
(B) Outlays, $7,100,000,000.
(C) New direct loan obligations, $11,100,000,000.
(D) New primary loan guarantee commitments,
$5,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $8,100,000,000.
(B) Outlays, $7,000,000,000.
(C) New direct loan obligations, $10,900,000,000.
(D) New primary loan guarantee commitments,
$5,700,000,000.
(E) New secondary loan guarantee commitments, $0.
(7) Commerce and Housing Credit (370):
Fiscal year 1996:
(A) New budget authority, $2,300,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $4,100,000,000.
(B) Outlays, -$2,600,000,000.
(C) New direct loan obligations, $1,400,000,000.
(D) New primary loan guarantee commitments,
$123,100,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $2,800,000,000.
(B) Outlays, -$4,700,000,000.
(C) New direct loan obligations, $1,400,000,000.
(D) New primary loan guarantee commitments,
$123,100,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $2,200,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $1,900,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $1,300,000,000.
(B) Outlays, -$2,500,000,000.
(C) New direct loan obligations, $1,400,000,000.
(D) New primary loan guarantee commitments,
$123,100,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $1,000,000,000.
(B) Outlays, -$2,600,000,000.
(C) New direct loan obligations, $1,400,000,000.
(D) New primary loan guarantee commitments,
$123,100,000,000.
(E) New secondary loan guarantee commitments, $0.
(8) Transportation (400):
Fiscal year 1996:
(A) New budget authority, $40,500,000,000.
(B) Outlays, $38,800,000,000.
(C) New direct loan obligations, $200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $42,700,000,000.
(B) Outlays, $37,500,000,000.
(C) New direct loan obligations, $200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $43,500,000,000.
(B) Outlays, $36,600,000,000.
(C) New direct loan obligations, $200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $43,700,000,000.
(B) Outlays, $35,600,000,000.
(C) New direct loan obligations, $200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $44,300,000,000.
(B) Outlays, $34,900,000,000.
(C) New direct loan obligations, $200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $43,800,000,000.
(B) Outlays, $34,200,000,000.
(C) New direct loan obligations, $200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $43,300,000,000.
(B) Outlays, $33,700,000,000.
(C) New direct loan obligations, $200,000,000.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
(9) Community and Regional Development (450):
Fiscal year 1996:
(A) New budget authority, $6,700,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $6,700,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $6,700,000,000.
(B) Outlays, $6,700,000,000.
(C) New direct loan obligations, $2,700,000,000.
(D) New primary loan guarantee commitments,
$1,200,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $6,700,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $6,700,000,000.
(B) Outlays, $6,600,000,000.
(C) New direct loan obligations, $2,700,000,000.
(D) New primary loan guarantee commitments,
$1,200,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $6,200,000,000.
(B) Outlays, $6,400,000,000.
(C) New direct loan obligations, $2,700,000,000.
(D) New primary loan guarantee commitments,
$1,200,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $6,100,000,000.
(B) Outlays, $6,400,000,000.
(C) New direct loan obligations, $2,700,000,000.
(D) New primary loan guarantee commitments,
$1,200,000,000.
(E) New secondary loan guarantee commitments, $0.
(10) Education, Training, Employment, and Social Services (500):
Fiscal year 1996:
(A) New budget authority, $45,700,000,000.
(B) Outlays, $52,300,000,000.
(C) New direct loan obligations, $13,600,000,000.
(D) New primary loan guarantee commitments,
$16,300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $45,000,000,000.
(B) Outlays, $46,400,000,000.
(C) New direct loan obligations, $16,300,000,000.
(D) New primary loan guarantee commitments,
$15,900,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $44,900,000,000.
(B) Outlays, $44,600,000,000.
(C) New direct loan obligations, $19,100,000,000.
(D) New primary loan guarantee commitments,
$15,200,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $45,400,000,000.
(B) Outlays, $44,700,000,000.
(C) New direct loan obligations, $21,800,000,000.
(D) New primary loan guarantee commitments,
$14,300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $45,900,000,000.
(B) Outlays, $45,200,000,000.
(C) New direct loan obligations, $21,900,000,000.
(D) New primary loan guarantee commitments,
$15,000,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $45,000,000,000.
(B) Outlays, $44,200,000,000.
(C) New direct loan obligations, $22,000,000,000.
(D) New primary loan guarantee commitments,
$15,800,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $44,600,000,000.
(B) Outlays, $43,700,000,000.
(C) New direct loan obligations, $22,200,000,000.
(D) New primary loan guarantee commitments,
$16,600,000,000.
(E) New secondary loan guarantee commitments, $0.
(11) Health (550):
Fiscal year 1996:
(A) New budget authority, $121,900,000,000.
(B) Outlays, $122,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $127,700,000,000.
(B) Outlays, $127,800,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $132,100,000,000.
(B) Outlays, $132,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $136,700,000,000.
(B) Outlays, $136,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $141,500,000,000.
(B) Outlays, $141,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $146,300,000,000.
(B) Outlays, $146,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$300,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $149,100,000,000.
(B) Outlays, $148,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$300,000,000.
(E) New secondary loan guarantee commitments, $0.
(12) Medicare (570):
Fiscal year 1996:
(A) New budget authority, $177,600,000,000.
(B) Outlays, $175,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $186,600,000,000.
(B) Outlays, $185,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $195,900,000,000.
(B) Outlays, $194,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $206,300,000,000.
(B) Outlays, $203,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $214,800,000,000.
(B) Outlays, $212,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $224,400,000,000.
(B) Outlays, $222,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $234,600,000,000.
(B) Outlays, $232,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
(13) Income Security (600):
Fiscal year 1996:
(A) New budget authority, $222,700,000,000.
(B) Outlays, $225,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$100,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $231,800,000,000.
(B) Outlays, $235,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$100,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $248,400,000,000.
(B) Outlays, $243,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$100,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $255,400,000,000.
(B) Outlays, $254,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$100,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $265,900,000,000.
(B) Outlays, $267,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$100,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $267,600,000,000.
(B) Outlays, $269,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$100,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $277,600,000,000.
(B) Outlays, $279,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments,
$100,000,000.
(E) New secondary loan guarantee commitments, $0.
(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.
(E) New secondary 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.
(E) New secondary 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.
(E) New secondary 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.
(E) New secondary 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.
(E) New secondary 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.
(E) New secondary 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.
(E) New secondary loan guarantee commitments, $0.
(15) Veterans Benefits and Services (700):
Fiscal year 1996:
(A) New budget authority, $37,600,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $38,100,000,000.
(B) Outlays, $38,100,000,000.
(C) New direct loan obligations, $1,100,000,000.
(D) New primary loan guarantee commitments,
$21,600,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $38,500,000,000.
(B) Outlays, $38,500,000,000.
(C) New direct loan obligations, $1,000,000,000.
(D) New primary loan guarantee commitments,
$19,700,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $39,100,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $39,200,000,000.
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $39,700,000,000.
(B) Outlays, $41,200,000,000.
(C) New direct loan obligations, $1,400,000,000.
(D) New primary loan guarantee commitments,
$19,900,000,000.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $40,100,000,000.
(B) Outlays, $41,600,000,000.
(C) New direct loan obligations, $1,700,000,000.
(D) New primary loan guarantee commitments,
$20,600,000,000.
(E) New secondary loan guarantee commitments, $0.
(16) Administration of Justice (750):
Fiscal year 1996:
(A) New budget authority, $17,800,000,000.
(B) Outlays, $17,800,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $16,900,000,000.
(B) Outlays, $17,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $16,600,000,000.
(B) Outlays, $16,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $16,400,000,000.
(B) Outlays, $16,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, $16,400,000,000.
(B) Outlays, $16,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $16,000,000,000.
(B) Outlays, $16,200,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(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.
(E) New secondary loan guarantee commitments, $0.
(17) General Government (800):
Fiscal year 1996:
(A) New budget authority, $11,600,000,000.
(B) Outlays, $12,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $11,600,000,000.
(B) Outlays, $11,800,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $12,500,000,000.
(B) Outlays, $12,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $11,700,000,000.
(B) Outlays, $11,500,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $11,300,000,000.
(B) Outlays, $11,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $11,300,000,000.
(B) Outlays, $11,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
(18) Net Interest (900):
Fiscal year 1996:
(A) New budget authority, $295,800,000,000.
(B) Outlays, $295,800,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, $304,100,000,000.
(B) Outlays, $304,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, $308,400,000,000.
(B) Outlays, $308,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, $314,300,000,000.
(B) Outlays, $314,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, $320,000,000.
(B) Outlays, $320,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, $322,600,000,000.
(B) Outlays, $322,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
(19) Allowances (920):
Fiscal year 1996:
(A) New budget authority, -$2,300,000,000.
(B) Outlays, -$1,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1997:
(A) New budget authority, -$2,400,000,000.
(B) Outlays, -$2,300,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, -$2,400,000,000.
(B) Outlays, -$2,500,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(A) New budget authority, -$2,500,000,000.
(B) Outlays, -$2,700,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, -$2,600,000,000.
(B) Outlays, -$2,800,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, -$2,600,000,000.
(B) Outlays, -$2,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, -$2,600,000,000.
(B) Outlays, -$2,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
(20) Undistributed Offsetting Receipts (950):
Fiscal year 1996:
(A) New budget authority, -$34,400,000,000.
(B) Outlays, -$34,400,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary 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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1998:
(A) New budget authority, -$37,600,000,000.
(B) Outlays, -$37,600,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 1999:
(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.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2000:
(A) New budget authority, -$38,100,000,000.
(B) Outlays, -$38,100,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2001:
(A) New budget authority, -$37,900,000,000.
(B) Outlays, -$37,900,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
Fiscal year 2002:
(A) New budget authority, -$39,000,000,000.
(B) Outlays, -$39,000,000,000.
(C) New direct loan obligations, $0.
(D) New primary loan guarantee commitments, $0.
(E) New secondary loan guarantee commitments, $0.
SEC. 4. RECONCILIATION.
(a)(1) Not later than July 14, 1995, the House committees named in
paragraphs (1) through (12) of subsection (b) of this section 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.
(2) Each committee named in paragraphs (1) through (11) of
subsection (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--
(A) fiscal year 1996,
(B) the 5-year period beginning with fiscal year 1996 and
ending with fiscal year 2000, and
(C) 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 paragraph applicable to that committee.
(3) Each committee named in paragraphs (2)(B), (4)(B), (5)(B), and
(6)(B) of subsection (b) shall report changes in laws within its
jurisdiction as set forth in the paragraph applicable to that
committee.
(4) The Committee on Ways and Means shall carry out subsection
(b)(12).
(b)(1) The House Committee on Agriculture: $35,824,000,000 in
outlays in fiscal year 1996, $171,886,000,000 in outlays in fiscal
years 1996 through 2000, and $263,102,000,000 in outlays in fiscal
years 1996 through 2002.
(2)(A) The House Committee on Banking and Financial Services:
-$12,897,000,000 in outlays in fiscal year 1996, -$43,065,000,000 in
outlays in fiscal years 1996 through 2000, and -$57,184,000,000 in
outlays in fiscal years 1996 through 2002.
(B) The House Committee on Banking and Financial Services shall
report changes in laws within its jurisdiction that would reduce the
deficit by: $0 in fiscal year 1996, -$100,000,000 in fiscal years 1996
through 2000, and -$260,000,000 in fiscal years 1996 through 2002.
(3) The House Committee on Commerce: $293,665,000,000 in outlays in
fiscal year 1996, $1,726,600,000,000 in outlays in fiscal years 1996
through 2000, and $2,625,094,000,000 in outlays in fiscal years 1996
through 2002.
(4)(A) The House Committee on Economic and Educational
Opportunities: $13,727,000,000 in outlays in fiscal year 1996,
$61,570,000,000 in outlays in fiscal years 1996 through 2000, and
$95,520,000,000 in outlays in fiscal years 1996 through 2002.
(B) In addition to changes in law reported pursuant to subparagraph
(A), 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, -$5,908,000,000 in fiscal years 1996 through 2000, and
-$9,018,000,000 in fiscal years 1996 through 2002.
(5)(A) The House Committee on Government Reform and Oversight:
$57,725,000,000 in outlays in fiscal year 1996, $313,647,000,000 in
outlays in fiscal years 1996 through 2000, and $455,328,000,000 in
outlays in fiscal years 1996 through 2002.
(B) In addition to changes in law reported pursuant to subparagraph
(A), the House Committee on Government Reform and Oversight shall
report changes in laws within its jurisdiction that would reduce the
deficit by: -$988,000,000 in fiscal year 1996, -$9,618,000,000 in
fiscal years 1996 through 2000, and -$14,740,000,000 in fiscal years
1996 through 2002.
(6)(A) The House Committee on International Relations:
$14,246,000,000 in outlays in fiscal year 1996, $62,076,000,000 in
outlays in fiscal years 1996 through 2000, and $83,206,000,000 in
outlays in fiscal years 1996 through 2002.
(B) In addition to changes in law reported pursuant to subparagraph
(A), the House Committee on International Relations shall shall report
changes in laws within its jurisdiction that would reduce the deficit
by: -$19,000,000,000 in fiscal year 1996, -$95,000,000,000 in fiscal
years 1996 through 2000, and -$123,000,000 in fiscal years 1996 through
2002.
(7) The House Committee on the Judiciary: $2,580,000,000 in outlays
in fiscal year 1996, $14,043,000,000 in outlays in fiscal years 1996
through 2000, and $20,029,000,000 in outlays in fiscal years 1996
through 2002.
(8) The House Committee on National Security: $38,769,000,000 in
outlays in fiscal year 1996, $224,682,000,000 in outlays in fiscal
years 1996 through 2000, and $328,334,000,000 in outlays in fiscal
years 1996 through 2002.
(9) The House Committee on Resources: $1,558,000,000 in outlays in
fiscal year 1996, $6,532,000,000 in outlays in fiscal years 1996
through 2000, and $12,512,000,000 in outlays in fiscal years 1996
through 2002.
(10) The House Committee on Transportation and Infrastructure:
$16,636,000,000 in outlays in fiscal year 1996, $83,227,000,000 in
outlays in fiscal years 1996 through 2000, and $117,079,000,000 in
outlays in fiscal years 1996 through 2002.
(11) The House Committee on Veterans' Affairs: $19,041,000,000 in
outlays in fiscal year 1996, $105,965,000,000 in outlays in fiscal
years 1996 through 2000, and $154,054,000,000 in outlays in fiscal
years 1996 through 2002.
(12)(A) 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--
(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 following level in that period: $356,336,000,000 in
outlays in fiscal year 1996, $2,152,905,000,000 in outlays in fiscal
years 1996 through 2000, and $3,297,787,000,000 in outlays in fiscal
years 1996 through 2002.
(B) In addition to changes in law reported pursuant to subparagraph
(A), 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--
(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,
is not less than the following amount in that period:
$1,027,612,000,000 in fiscal year 1996, $5,371,087,000,000 in fiscal
years 1996 through 2000, and $7,836,405,000,000 in fiscal years 1996
through 2002.
(c)(1) Not later than September 14, 1995, the House committees
named in paragraphs (2) and (3) shall submit their recommendations to
the House Committee on the Budget. After receiving those
recommendations, the House Budget Committee shall report to the House a
reconciliation bill carrying out all such recommendations without any
substantive revisions.
(2) In addition to changes in laws reported pursuant to subsection
(b)(3), the House Committee on Commerce shall report changes in laws
within its jurisdiction that provide direct spending such that the
total level of direct spending for that committee for--
(A) fiscal year 1996,
(B) the 5-year period beginning with fiscal year 1996 and
ending with fiscal year 2000, and
(C) the 7-year period beginning with fiscal year 1996 and
ending with fiscal year 2002,
does not exceed the following level in that period: $287,165,000,000 in
outlays in fiscal year 1996, $1,592,200,000,000 in outlays in fiscal
years 1996 through 2000, and $2,338,694,000,000 in outlays in fiscal
years 1996 through 2002.
(3) In addition to changes in laws reported pursuant to subsection
(b)(12), 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--
(A) fiscal year 1996,
(B) the 5-year period beginning with fiscal year 1996 and
ending with fiscal year 2000, and
(C) the 7-year period beginning with fiscal year 1996 and
ending with fiscal year 2002,
does not exceed the following level in that period: $349,836,000,000 in
outlays in fiscal year 1996, $2,018,505,000,000 in outlays in fiscal
years 1996 through 2000, and $3,009,387,000,000 in outlays in fiscal
years 1996 through 2002.
(d) For purposes of this section, 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.
SEC. 5. SALE OF GOVERNMENT ASSETS.
(a) Sense of 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 sale.
(b) Budgetary Treatment.--For purposes of 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) Definition.--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 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. 6. INTERNAL REVENUE SERVICE COMPLIANCE INITIATIVE.
(a) Adjustments.--(1) For purposes of points of order under the
Congressional Budget Act of 1974 and concurrent resolutions on the
budget--
(A) the discretionary spending limits under section
601(a)(2) of that Act (and those limits as cumulatively
adjusted) for the current fiscal year and each outyear;
(B) the allocations to the Committee on Appropriations
under sections 302(a) and 602(a) of that Act; and
(C) the appropriate budgetary aggregates in the most
recently agreed to concurrent resolution on the budget,
shall be adjusted to reflect the amounts of additional new budget
authority or additional outlays (as defined in paragraph (2)) reported
by the Committee on Appropriations in appropriation Acts (or by the
committee of conference on such legislation) for the Internal Revenue
Service compliance initiative activities in any fiscal year, but not to
exceed in any fiscal year $405,000,000 in new budget authority and
$405,000,000 in outlays.
(2) As used in this section, the terms ``additional new budget
authority'' or ``additional outlays'' shall mean, for any fiscal year,
budget authority or outlays (as the case may be) in excess of the
amounts requested for that fiscal year for the Internal Revenue Service
in the President's Budget for fiscal year 1996.
(b) Revised Limits, Allocations, and Aggregates.--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 or the House of Representatives (as the case may be) shall
submit to that chairman's respective House appropriately revised--
(1) discretionary spending limits under section 601(a)(2)
of the Congressional Budget Act of 1974 (and those limits as
cumulatively adjusted) for the current fiscal year and each
outyear;
(2) allocations to the Committee on Appropriations under
sections 302(a) and 602(a) of that Act; and
(3) appropriate budgetary aggregates in the most recently
agreed to concurrent resolution on the budget,
to carry out this subsection. These revised discretionary spending
limits, allocations, and aggregates shall be considered for purposes of
congressional enforcement under that Act as the discretionary spending
limits, allocations, and aggregates.
(c) Reporting Revised Suballocations.--The Committees on
Appropriations of the Senate and the House of Representatives may
report appropriately revised suballocations pursuant to sections
302(b)(1) and 602(b)(1) of the Congressional Budget Act of 1974 to
carry out this section.
(d) Contingencies.--
(1) The Internal Revenue Service and the Department of the
Treasury have certified that they are firmly committed to the
principles of privacy, confidentiality, courtesy, and
protection of taxpayer rights. To this end, the Internal
Revenue Service and the Department of the Treasury have
explicitly committed to initiate and implement educational
programs for any new employees hired as a result of the
compliance initiative made possible by this section.
(2) This section shall not apply to any additional new
budget authority or additional outlays unless--
(A) the chairmen of the Budget Committees certify,
based upon information from the Congressional Budget
Office, the General Accounting Office, and the Internal
Revenue Service (as well as from any other sources they
deem relevant), that such budget authority or outlays
will not increase the total of the Federal budget
deficits over the next five years; and
(B) any funds made available pursuant to such
budget authority or outlays are available only for the
purpose of carrying out Internal Revenue Service
compliance initiative activities.
SEC. 7. SENSE OF THE CONGRESS ON BASELINES.
(a) Findings.--The Congress 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.
(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 Congress.--It is the sense of the Congress 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. 8. SENSE OF CONGRESS ON EMERGENCIES.
(a) Findings.--The Congress 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 Congress.--It is the sense of Congress 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.
SEC. 9. SENSE OF CONGRESS REGARDING PRIVATIZATION OF THE STUDENT LOAN
MARKETING ASSOCIATION (SALLIE MAE).
(a) Findings.--The Congress finds that:
(1) The Student Loan Marketing Association was established
in 1972 as a government-sponsored corporation dedicated to
ensuring adequate private sector funding for federally
guaranteed education loans.
(2) Since 1972, student loan volume has grown from
$1,000,000,000 a year to $25,000,000,000 a year. The Student
Loan Marketing Association was instrumental in fostering this
expansion of the student loan program.
(3) With securitization and 42 secondary markets, there
currently exist numerous alternatives for lenders wishing to
sell or liquidate their portfolios of student loans.
(4) Maintaining Student Loan Marketing Association as a
Government-sponsored enterprise exposes taxpayers to an
unnecessary liability.
(b) Sense of Congress.--It is the sense Congress that the Student
Loan Marketing Association should be restructured as a private
corporation.
SEC. 10. SENSE OF HOUSE OF REPRESENTATIVES REGARDING DEBT REPAYMENT.
It is the sense of the House of Representatives that--
(1) the Congress has a basic moral and ethical
responsibility to future generations to repay the Federal debt;
(2) the Congress should enact a plan that balances the
budget, and then also develops a regimen for paying off the
Federal debt;
(3) after the budget is balanced, a surplus should be
created, which can be used to begin paying off the debt; and
(4) such a plan should be formulated and implemented so
that this generation can save future generations from the
crushing burdens of the Federal debt.
SEC. 11. SENSE OF CONGRESS REGARDING REPEAL OF HOUSE RULE XLIX AND THE
LEGAL LIMIT ON THE PUBLIC DEBT.
It is the sense of Congress that--
(1) rule XLIX of the Rules of House of Representatives
(popularly known as the Gephardt rule) should be repealed;
(2) the fiscal year 1996 reconciliation bill should be
enacted into law before passage of the debt limit extension;
and
(3) the debt limit should only be set at levels, and for
durations, that help assure a balanced budget by fiscal year
2002 or sooner.
SEC. 12. SENSE OF CONGRESS REGARDING THE BUDGETARY TREATMENT OF THE
ADMINISTRATIVE COSTS FOR DIRECT LOANS.
(a) Findings.--The Congress finds that the Federal Credit Reform
Act of 1990 understates the cost to the Government of direct loans
because administrative costs are not included in the net present value
calculation of Federal direct loan subsidy costs.
(b) Sense of Congress.--It is the sense of the Congress that the
cost of a direct loan should be the net present value, at the time the
direct loan is disbursed, of the following cash flows for the estimated
life of the loan:
(1) Loan disbursement.
(2) Repayments of principal.
(3) Interest costs 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) In the case of a direct loan made pursuant to a program
for which the Congressional Budget Office estimates that for
the coming fiscal year (or any prior fiscal year) loan
commitments will equal or exceed $5,000,000,000, direct
expenses, including expenses arising from--
(A) activities related to credit extension, loan
origination, and loan servicing;
(B) payments to contractors, other Government
entities, and program participants;
(C) management of contractors;
(D) collection of delinquents loans; and
(E) write-off and close-out of loans.
SEC. 13. SENSE OF THE CONGRESS REGARDING COMMISSION ON THE SOLVENCY OF
THE FEDERAL MILITARY AND CIVIL SERVICE RETIREMENT FUNDS.
(a) Findings.--The Congress finds that the Federal retirement
system, for both military and civil service retirees, currently has
liabilities of $1.1 trillion, while holding assets worth $340 billion
and anticipating employee contributions of $220 billion, which leaves
an unfunded liability of $540 billion.
(b) Sense of Congress.--It is the sense of the Congress 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.
HCON 67 RH----2
HCON 67 RH----3
HCON 67 RH----4
HCON 67 RH----5
HCON 67 RH----6
HCON 67 RH----7