[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 195 Referral Instructions Senate (RIS)]

  1st Session
                                 S. 195

 To amend section 257(e) of the Balanced Budget and Emergency Deficit 
Control Act of 1985 to modify the treatment of losses from asset sales.


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                   IN THE SENATE OF THE UNITED STATES

             January 11 (legislative day, January 10), 1995

 Mr. Murkowski introduced the following bill; which was read twice and 
   referred jointly pursuant to the order of August 4, 1977, to the 
 Committees on the Budget and Governmental Affairs, with instructions 
that if one committee reports, the other committee have thirty days to 
                        report or be discharged

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                                 A BILL


 
 To amend section 257(e) of the Balanced Budget and Emergency Deficit 
Control Act of 1985 to modify the treatment of losses from asset sales.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. OFFSETTING LOSSES FROM ASSET SALES.

    Section 257(e) of the Balanced Budget and Emergency Deficit Control 
Act of 1985 is amended by striking the semicolon at the end thereof and 
inserting the following: ``. Effective beginning fiscal year 1996, the 
proceeds from the sale of an asset may be applied to offset the loss of 
any revenue or receipts resulting from such sale.''.
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