[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 132 Engrossed in House (EH)]


  1st Session

                             H. J. RES. 132

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                            JOINT RESOLUTION

  Affirming that budget negotiations shall be based on the most recent 
 technical and economic assumptions of the Congressional Budget Office 
and shall achieve a balanced budget by fiscal year 2002 based on those 
                              assumptions.
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
104th CONGRESS
  1st Session
H. J. RES. 132

_______________________________________________________________________

                            JOINT RESOLUTION


 
  Affirming that budget negotiations shall be based on the most recent 
 technical and economic assumptions of the Congressional Budget Office 
and shall achieve a balanced budget by fiscal year 2002 based on those 
                              assumptions.

Whereas on November 20 the President signed legislation (Public Law 104-56) 
        committing Congress and the President to ``enact legislation in the 
        first session of the 104th Congress to achieve a balanced budget not 
        later than fiscal year 2002 as estimated by the Congressional Budget 
        Office'';
Whereas Congress has approved legislation that achieves a balanced budget in 
        fiscal year 2002 as estimated by the Congressional Budget Office;
Whereas congressional Democrats have offered alternative budgets in the House 
        and Senate which also achieve balance in fiscal year 2002 as estimated 
        by the Congressional Budget Office;
Whereas the commitment to enact legislation in the first session of Congress 
        requires action now in negotiations;
Whereas the negotiations have no preconditions on levels of spending or 
        taxation, except that the resulting budget must achieve balance by 
        fiscal year 2002 as estimated by the Congressional Budget Office;
Whereas the Congressional Budget Office has updated its technical and economic 
        assumptions following a thorough consultation with government and 
        private experts; and
Whereas the Congressional Budget Office has begun consultation and review with 
        the Office of Management and Budget: Now, therefore, be it
    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled, That the current negotiations 
between Congress and the President shall be based on the most recent 
technical and economic assumptions of the Congressional Budget Office, 
and that the Congress is committed to reaching an agreement this year 
with the President on legislation that will achieve a balanced budget 
by fiscal year 2002 as estimated by the Congressional Budget Office.

            Passed the House of Representatives December 18 
      (legislative day, December 15), 1995.

            Attest:

                                                                 Clerk.