[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. Con. Res. 17 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
S. CON. RES. 17

Setting forth the congressional budget for the United States Government 
           for fiscal years 1998, 1999, 2000, 2001, and 2002.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 20, 1997

 Mr. Domenici submitted the following concurrent resolution; which was 
                referred to the Committee on the Budget

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
Setting forth the congressional budget for the United States Government 
           for fiscal years 1998, 1999, 2000, 2001, and 2002.

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

SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 1998.

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

Sec. 101. Recommended levels and amounts.
Sec. 102. Social Security.
Sec. 103. Major functional categories.
Sec. 104. Reconciliation.
             TITLE II--BUDGETARY RESTRAINTS AND RULEMAKING

Sec. 201. Discretionary spending limits.
Sec. 202. Adjustments to limits.
Sec. 203. Tax reserve fund in the Senate.
Sec. 204. Exercise of rulemaking powers.

                      TITLE I--LEVELS AND AMOUNTS

SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.

    The following budgetary levels are appropriate for the fiscal years 
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 1998: $1,164,800,000,000.
                    Fiscal year 1999: $1,213,400,000,000.
                    Fiscal year 2000: $1,267,500,000,000.
                    Fiscal year 2001: $1,327,900,000,000.
                    Fiscal year 2002: $1,389,300,000,000.
            (B) The amounts by which the aggregate levels of Federal 
        revenues should be changed are as follows:
                    Fiscal year 1998: $300,000,000.
                    Fiscal year 1999: $700,000,000.
                    Fiscal year 2000: $900,000,000.
                    Fiscal year 2001: $1,100,000,000.
                    Fiscal year 2002: $1,200,000,000.
            (C) The amounts for Federal Insurance Contributions Act 
        revenues for hospital insurance within the recommended levels 
        of Federal revenues are as follows:
                    Fiscal year 1998: $113,498,000,000.
                    Fiscal year 1999: $119,114,000,000.
                    Fiscal year 2000: $125,095,000,000.
                    Fiscal year 2001: $130,688,000,000.
                    Fiscal year 2002: $136,824,000,000.
    (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 1998: $1,360,500,000,000.
                    Fiscal year 1999: $1,415,600,000,000.
                    Fiscal year 2000: $1,449,800,000,000.
                    Fiscal year 2001: $1,480,600,000,000.
                    Fiscal year 2002: $1,522,700,000,000.
    (3) Budget Outlays.--For purposes of the enforcement of this 
resolution, the appropriate levels of total budget outlays are as 
follows:
                    Fiscal year 1998: $1,358,300,000,000.
                    Fiscal year 1999: $1,405,100,000,000.
                    Fiscal year 2000: $1,445,800,000,000.
                    Fiscal year 2001: $1,456,400,000,000.
                    Fiscal year 2002: $1,497,700,000,000.
    (4) Deficits.--For purposes of the enforcement of this resolution, 
the amounts of the deficits are as follows:
                    Fiscal year 1998: -$193,500,000,000.
                    Fiscal year 1999: -$191,700,000,000.
                    Fiscal year 2000: -$178,300,000,000.
                    Fiscal year 2001: -$128,500,000,000.
                    Fiscal year 2002: -$108,400,000,000.
    (5) Public Debt.--The appropriate levels of the public debt are as 
follows:
                    Fiscal year 1998: $5,637,000,000,000.
                    Fiscal year 1999: $5,870,700,000,000.
                    Fiscal year 2000: $6,089,400,000,000.
                    Fiscal year 2001: $6,258,300,000,000.
                    Fiscal year 2002: $6,404,100,000,000.
    (6) Direct Loan Obligations.--The appropriate levels of total new 
direct loan obligations are as follows:
                    Fiscal year 1998: $33,829,000,000.
                    Fiscal year 1999: $33,378,000,000.
                    Fiscal year 2000: $34,775,000,000.
                    Fiscal year 2001: $36,039,000,000.
                    Fiscal year 2002: $37,099,000,000.
    (7) Primary Loan Guarantee Commitments.--The appropriate levels of 
new primary loan guarantee commitments are as follows:
                    Fiscal year 1998: $315,472,000,000.
                    Fiscal year 1999: $324,749,000,000.
                    Fiscal year 2000: $328,124,000,000.
                    Fiscal year 2001: $332,063,000,000.
                    Fiscal year 2002: $335,141,000,000.

SEC. 102. 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 1998: $402,805,000,000.
                    Fiscal year 1999: $422,322,000,000.
                    Fiscal year 2000: $442,569,000,000.
                    Fiscal year 2001: $461,552,000,000.
                    Fiscal year 2002: $482,825,000,000.
    (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 1998: $317,700,000,000.
                    Fiscal year 1999: $330,400,000,000.
                    Fiscal year 2000: $343,900,000,000.
                    Fiscal year 2001: $358,700,000,000.
                    Fiscal year 2002: $373,700,000,000.

SEC. 103. 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 1998 through 
2002 for each major functional category are:
    (1) National Defense (050):
            Fiscal year 1998:
                    (A) New budget authority, $268,000,000,000.
                    (B) Outlays, $262,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $588,000,000.
            Fiscal year 1999:
                    (A) New budget authority, $270,600,000,000.
                    (B) Outlays, $265,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $757,000,000.
            Fiscal year 2000:
                    (A) New budget authority, $273,300,000,000.
                    (B) Outlays, $269,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,050,000,000.
            Fiscal year 2001:
                    (A) New budget authority, $275,900,000,000.
                    (B) Outlays, $268,700,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,050,000,000.
            Fiscal year 2002:
                    (A) New budget authority, $278,700,000,000.
                    (B) Outlays, $269,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $1,050,000,000.
    (2) International Affairs (150):
            Fiscal year 1998:
                    (A) New budget authority, $13,400,000,000.
                    (B) Outlays, $13,800,000,000.
                    (C) New direct loan obligations, $1,966,000,000.
                    (D) New primary loan guarantee commitments, 
                $12,751,000,000.
            Fiscal year 1999:
                    (A) New budget authority, $12,100,000,000.
                    (B) Outlays, $13,300,000,000.
                    (C) New direct loan obligations, $2,021,000,000.
                    (D) New primary loan guarantee commitments, 
                $13,093,000,000.
            Fiscal year 2000:
                    (A) New budget authority, $12,600,000,000.
                    (B) Outlays, $13,000,000,000.
                    (C) New direct loan obligations, $2,077,000,000.
                    (D) New primary loan guarantee commitments, 
                $13,434,000,000.
            Fiscal year 2001:
                    (A) New budget authority, $12,800,000,000.
                    (B) Outlays, $12,300,000,000.
                    (C) New direct loan obligations, $2,122,000,000.
                    (D) New primary loan guarantee commitments, 
                $13,826,000,000.
            Fiscal year 2002:
                    (A) New budget authority, $13,100,000,000.
                    (B) Outlays, $12,000,000,000.
                    (C) New direct loan obligations, $2,178,000,000.
                    (D) New primary loan guarantee commitments, 
                $14,217,000,000.
    (3) General Science, Space, and Technology (250):
            Fiscal year 1998:
                    (A) New budget authority, $16,300,000,000.
                    (B) Outlays, $16,800,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $16,400,000,000.
                    (B) Outlays, $16,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $16,200,000,000.
                    (B) Outlays, $16,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $16,200,000,000.
                    (B) Outlays, $16,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $16,200,000,000.
                    (B) Outlays, $16,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
    (4) Energy (270):
            Fiscal year 1998:
                    (A) New budget authority, $2,200,000,000.
                    (B) Outlays, $1,700,000,000.
                    (C) New direct loan obligations, $1,050,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $2,600,000,000.
                    (B) Outlays, $2,000,000,000.
                    (C) New direct loan obligations, $1,078,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $2,200,000,000.
                    (B) Outlays, $1,600,000,000.
                    (C) New direct loan obligations, $1,109,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $2,000,000,000.
                    (B) Outlays, $1,200,000,000.
                    (C) New direct loan obligations, $1,141,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $900,000,000.
                    (B) Outlays, -$100,000,000.
                    (C) New direct loan obligations, $1,174,000,000.
                    (D) New primary loan guarantee commitments, $0.
    (5) Natural Resources and Environment (300):
            Fiscal year 1998:
                    (A) New budget authority, $22,500,000,000.
                    (B) Outlays, $21,400,000,000.
                    (C) New direct loan obligations, $30,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $22,500,000,000.
                    (B) Outlays, $21,600,000,000.
                    (C) New direct loan obligations, $32,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $22,600,000,000.
                    (B) Outlays, $22,100,000,000.
                    (C) New direct loan obligations, $32,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $22,800,000,000.
                    (B) Outlays, $22,400,000,000.
                    (C) New direct loan obligations, $34,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $23,100,000,000.
                    (B) Outlays, $22,700,000,000.
                    (C) New direct loan obligations, $34,000,000.
                    (D) New primary loan guarantee commitments, $0.
    (6) Agriculture (350):
            Fiscal year 1998:
                    (A) New budget authority, $13,100,000,000.
                    (B) Outlays, $11,800,000,000.
                    (C) New direct loan obligations, $9,620,000,000.
                    (D) New primary loan guarantee commitments, 
                $6,365,000,000.
            Fiscal year 1999:
                    (A) New budget authority, $12,800,000,000.
                    (B) Outlays, $11,300,000,000.
                    (C) New direct loan obligations, $11,047,000,000.
                    (D) New primary loan guarantee commitments, 
                $6,436,000,000.
            Fiscal year 2000:
                    (A) New budget authority, $12,300,000,000.
                    (B) Outlays, $10,700,000,000.
                    (C) New direct loan obligations, $11,071,000,000.
                    (D) New primary loan guarantee commitments, 
                $6,509,000,000.
            Fiscal year 2001:
                    (A) New budget authority, $11,100,000,000.
                    (B) Outlays, $9,600,000,000.
                    (C) New direct loan obligations, $10,960,000,000.
                    (D) New primary loan guarantee commitments, 
                $6,583,000,000.
            Fiscal year 2002:
                    (A) New budget authority, $10,900,000,000.
                    (B) Outlays, $9,300,000,000.
                    (C) New direct loan obligations, $10,965,000,000.
                    (D) New primary loan guarantee commitments, 
                $6,660,000,000.
    (7) Commerce and Housing Credit (370):
            Fiscal year 1998:
                    (A) New budget authority, $5,900,000,000.
                    (B) Outlays, -$1,300,000,000.
                    (C) New direct loan obligations, $4,739,000,000.
                    (D) New primary loan guarantee commitments, 
                $245,500,000,000.
            Fiscal year 1999:
                    (A) New budget authority, $10,200,000,000.
                    (B) Outlays, $3,700,000,000.
                    (C) New direct loan obligations, $1,887,000,000.
                    (D) New primary loan guarantee commitments, 
                $253,450,000,000.
            Fiscal year 2000:
                    (A) New budget authority, $14,300,000,000.
                    (B) Outlays, $9,400,000,000.
                    (C) New direct loan obligations, $2,238,000,000.
                    (D) New primary loan guarantee commitments, 
                $255,200,000,000.
            Fiscal year 2001:
                    (A) New budget authority, $15,100,000,000.
                    (B) Outlays, $10,900,000,000.
                    (C) New direct loan obligations, $2,574,000,000.
                    (D) New primary loan guarantee commitments, 
                $257,989,000,000.
            Fiscal year 2002:
                    (A) New budget authority, $15,700,000,000.
                    (B) Outlays, $11,700,000,000.
                    (C) New direct loan obligations, $2,680,000,000.
                    (D) New primary loan guarantee commitments, 
                $259,897,000,000.
    (8) Transportation (400):
            Fiscal year 1998:
                    (A) New budget authority, $43,400,000,000.
                    (B) Outlays, $39,100,000,000.
                    (C) New direct loan obligations, $155,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $43,400,000,000.
                    (B) Outlays, $37,900,000,000.
                    (C) New direct loan obligations, $135,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $44,500,000,000.
                    (B) Outlays, $38,100,000,000.
                    (C) New direct loan obligations, $15,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $45,300,000,000.
                    (B) Outlays, $38,000,000,000.
                    (C) New direct loan obligations, $15,000,000.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $46,300,000,000.
                    (B) Outlays, $38,100,000,000.
                    (C) New direct loan obligations, $15,000,000.
                    (D) New primary loan guarantee commitments, $0.
    (9) Community and Regional Development (450):
            Fiscal year 1998:
                    (A) New budget authority, $10,700,000,000.
                    (B) Outlays, $11,600,000,000.
                    (C) New direct loan obligations, $2,867,000,000.
                    (D) New primary loan guarantee commitments, 
                $2,385,000,000.
            Fiscal year 1999:
                    (A) New budget authority, $7,500,000,000.
                    (B) Outlays, $10,000,000,000.
                    (C) New direct loan obligations, $2,943,000,000.
                    (D) New primary loan guarantee commitments, 
                $2,406,000,000.
            Fiscal year 2000:
                    (A) New budget authority, $7,300,000,000.
                    (B) Outlays, $8,100,000,000.
                    (C) New direct loan obligations, $3,020,000,000.
                    (D) New primary loan guarantee commitments, 
                $2,429,000,000.
            Fiscal year 2001:
                    (A) New budget authority, $6,800,000,000.
                    (B) Outlays, $7,400,000,000.
                    (C) New direct loan obligations, $3,098,000,000.
                    (D) New primary loan guarantee commitments, 
                $2,452,000,000.
            Fiscal year 2002:
                    (A) New budget authority, $6,900,000,000.
                    (B) Outlays, $7,100,000,000.
                    (C) New direct loan obligations, $3,180,000,000.
                    (D) New primary loan guarantee commitments, 
                $2,475,000,000.
    (10) Education, Training, Employment, and Social Services (500):
            Fiscal year 1998:
                    (A) New budget authority, $52,100,000,000.
                    (B) Outlays, $53,600,000,000.
                    (C) New direct loan obligations, $12,328,000,000.
                    (D) New primary loan guarantee commitments, 
                $20,665,000,000.
            Fiscal year 1999:
                    (A) New budget authority, $53,300,000,000.
                    (B) Outlays, $53,800,000,000.
                    (C) New direct loan obligations, $13,092,000,000.
                    (D) New primary loan guarantee commitments, 
                $21,899,000,000.
            Fiscal year 2000:
                    (A) New budget authority, $54,100,000,000.
                    (B) Outlays, $54,300,000,000.
                    (C) New direct loan obligations, $13,926,000,000.
                    (D) New primary loan guarantee commitments, 
                $23,263,000,000.
            Fiscal year 2001:
                    (A) New budget authority, $55,100,000,000.
                    (B) Outlays, $55,000,000,000.
                    (C) New direct loan obligations, $14,701,000,000.
                    (D) New primary loan guarantee commitments, 
                $24,517,000,000.
            Fiscal year 2002:
                    (A) New budget authority, $55,000,000,000.
                    (B) Outlays, $54,700,000,000.
                    (C) New direct loan obligations, $15,426,000,000.
                    (D) New primary loan guarantee commitments, 
                $25,676,000,000.
    (11) Health (550):
            Fiscal year 1998:
                    (A) New budget authority, $135,300,000,000.
                    (B) Outlays, $135,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, 
                $85,000,000.
            Fiscal year 1999:
                    (A) New budget authority, $142,700,000,000.
                    (B) Outlays, $142,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $150,400,000,000.
                    (B) Outlays, $150,000,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $158,000,000,000.
                    (B) Outlays, $157,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $167,300,000,000.
                    (B) Outlays, $166,700,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
    (12) Medicare (570):
            Fiscal year 1998:
                    (A) New budget authority, $203,800,000,000.
                    (B) Outlays, $204,000,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $217,500,000,000.
                    (B) Outlays, $217,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $226,100,000,000.
                    (B) Outlays, $230,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $240,900,000,000.
                    (B) Outlays, $236,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $257,100,000,000.
                    (B) Outlays, $256,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
    (13) Income Security (600):
            Fiscal year 1998:
                    (A) New budget authority, $229,500,000,000.
                    (B) Outlays, $243,100,000,000.
                    (C) New direct loan obligations, $45,000,000.
                    (D) New primary loan guarantee commitments, 
                $37,000,000.
            Fiscal year 1999:
                    (A) New budget authority, $243,600,000,000.
                    (B) Outlays, $248,900,000,000.
                    (C) New direct loan obligations, $75,000,000.
                    (D) New primary loan guarantee commitments, 
                $37,000,000.
            Fiscal year 2000:
                    (A) New budget authority, $253,500,000,000.
                    (B) Outlays, $259,700,000,000.
                    (C) New direct loan obligations, $110,000,000.
                    (D) New primary loan guarantee commitments, 
                $37,000,000.
            Fiscal year 2001:
                    (A) New budget authority, $259,000,000,000.
                    (B) Outlays, $263,100,000,000.
                    (C) New direct loan obligations, $145,000,000.
                    (D) New primary loan guarantee commitments, 
                $37,000,000.
            Fiscal year 2002:
                    (A) New budget authority, $270,800,000,000.
                    (B) Outlays, $273,400,000,000.
                    (C) New direct loan obligations, $170,000,000.
                    (D) New primary loan guarantee commitments, 
                $37,000,000.
    (14) Social Security (650):
            Fiscal year 1998:
                    (A) New budget authority, $11,700,000,000.
                    (B) Outlays, $11,700,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $12,600,000,000.
                    (B) Outlays, $12,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $13,400,000,000.
                    (B) Outlays, $13,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $13,800,000,000.
                    (B) Outlays, $13,800,000,000.
                    (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, $15,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
    (15) Veterans Benefits and Services (700):
            Fiscal year 1998:
                    (A) New budget authority, $40,800,000,000.
                    (B) Outlays, $41,200,000,000.
                    (C) New direct loan obligations, $1,029,000,000.
                    (D) New primary loan guarantee commitments, 
                $27,096,000,000.
            Fiscal year 1999:
                    (A) New budget authority, $41,700,000,000.
                    (B) Outlays, $41,800,000,000.
                    (C) New direct loan obligations, $1,068,000,000.
                    (D) New primary loan guarantee commitments, 
                $26,671,000,000.
            Fiscal year 2000:
                    (A) New budget authority, $42,000,000,000.
                    (B) Outlays, $44,000,000,000.
                    (C) New direct loan obligations, $1,177,000,000.
                    (D) New primary loan guarantee commitments, 
                $26,202,000,000.
            Fiscal year 2001:
                    (A) New budget authority, $42,500,000,000.
                    (B) Outlays, $40,800,000,000.
                    (C) New direct loan obligations, $1,249,000,000.
                    (D) New primary loan guarantee commitments, 
                $25,609,000,000.
            Fiscal year 2002:
                    (A) New budget authority, $42,800,000,000.
                    (B) Outlays, $42,800,000,000.
                    (C) New direct loan obligations, $1,277,000,000.
                    (D) New primary loan guarantee commitments, 
                $25,129,000,000.
    (16) Administration of Justice (750):
            Fiscal year 1998:
                    (A) New budget authority, $21,900,000,000.
                    (B) Outlays, $21,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $22,400,000,000.
                    (B) Outlays, $22,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $21,500,000,000.
                    (B) Outlays, $22,300,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $22,100,000,000.
                    (B) Outlays, $22,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $22,700,000,000.
                    (B) Outlays, $22,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
    (17) General Government (800):
            Fiscal year 1998:
                    (A) New budget authority, $13,600,000,000.
                    (B) Outlays, $13,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $13,600,000,000.
                    (B) Outlays, $13,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $13,700,000,000.
                    (B) Outlays, $13,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $13,800,000,000.
                    (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, $13,900,000,000.
                    (B) Outlays, $13,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
    (18) Net Interest (900):
            Fiscal year 1998:
                    (A) New budget authority, $299,900,000,000.
                    (B) Outlays, $299,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, $308,900,000,000.
                    (B) Outlays, $308,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, $309,600,000,000.
                    (B) Outlays, $309,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, $308,200,000,000.
                    (B) Outlays, $308,200,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, $308,600,000,000.
                    (B) Outlays, $308,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
    (19) Allowances (920):
            Fiscal year 1998:
                    (A) New budget authority, -$1,500,000,000.
                    (B) Outlays, -$900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, -$1,700,000,000.
                    (B) Outlays, -$1,400,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2000:
                    (A) New budget authority, -$1,700,000,000.
                    (B) Outlays, -$1,500,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2001:
                    (A) New budget authority, -$1,700,000,000.
                    (B) Outlays, -$1,600,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, -$1,700,000,000.
                    (B) Outlays, -$1,700,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
    (20) Undistributed Offsetting Receipts (950):
            Fiscal year 1998:
                    (A) New budget authority, -$42,100,000,000.
                    (B) Outlays, -$42,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 1999:
                    (A) New budget authority, -$37,100,000,000.
                    (B) Outlays, -$37,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary 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.
            Fiscal year 2001:
                    (A) New budget authority, -$39,100,000,000.
                    (B) Outlays, -$39,100,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.
            Fiscal year 2002:
                    (A) New budget authority, -$40,900,000,000.
                    (B) Outlays, -$40,900,000,000.
                    (C) New direct loan obligations, $0.
                    (D) New primary loan guarantee commitments, $0.

SEC. 104. RECONCILIATION.

    (a) Senate Committees.--Not later than June 13, 1997, 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.
            (1) Committee on agriculture, nutrition, and forestry.--The 
        Senate Committee on Agriculture, Nutrition, and Forestry shall 
        report changes in laws within its jurisdiction that reduce the 
        deficit $41,000,000 in fiscal year 1998 and $283,000,000 for 
        the period of fiscal years 1998 through 2002.
            (2) 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 reduce the 
        deficit $544,000,000 in fiscal year 1998 and $2,892,000,000 for 
the period of fiscal years 1998 through 2002.
            (3) Committee on commerce, science, and transportation.--
        The Senate Committee on Commerce, Science, and Transportation 
        shall report changes in laws within its jurisdiction that 
        reduce the deficit $376,000,000 in fiscal year 1998 and 
        $18,004,000,000 for the period of fiscal years 1998 through 
        2002.
            (4) 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 
        (as defined in section 250(c)(8) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985) to reduce outlays 
        $55,000,000 in fiscal year 1998 and $1,693,000,000 for the 
        period of fiscal years 1998 through 2002.
            (5) Committee on Finance.--The Committee on Finance shall 
        report to the Senate a reconciliation bill proposing changes in 
        laws within its jurisdiction that reduce the deficit 
        $2,903,000,000 in fiscal year 2002 and $110,122,000,000 for the 
        period of fiscal years 1998 through 2002.
            (6) Committee on governmental affairs.--The Senate 
        Committee on Governmental Affairs shall report changes in laws 
        within its jurisdiction that reduce the deficit $914,000,000 in 
        fiscal year 1998 and $7,235,000,000 for the period of fiscal 
        years 1998 through 2002.
            (7) Committee on the judiciary.--The Senate Committee on 
        the Judiciary 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 $0 in fiscal year 1998 
        and $476,000,000 for the period of fiscal years 1998 through 
        2002.
            (8) Committee on labor and human resources.--The Senate 
        Committee on Labor and Human Resources shall report changes in 
        laws within its jurisdiction that reduce the deficit 
        $1,118,000,000 in fiscal year 1998 and $4,551,000,000 for the 
        period of fiscal years 1998 through 2002.
            (9) Committee on veterans' affairs.--The Senate Committee 
        on Veterans' Affairs 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 $247,000,000 in fiscal 
        year 1998 and $3,929,000,000 for the period of fiscal years 
        1998 through 2002.

             TITLE II--BUDGETARY RESTRAINTS AND RULEMAKING

SEC. 201. DEFICIT AND DISCRETIONARY SPENDING LIMITS.

    (a) Definitions.--
            (1) Unified deficit limits.--In this section, the term 
        ``deficit limit'' means--
                    (A) with respect to fiscal year 1997, 
                -$118,800,000,000;
                    (B) with respect to fiscal year 1998, 
                -$111,100,000,000;
                    (C) with respect to fiscal year 1999, 
                -$98,800,000,000;
                    (D) with respect to fiscal year 2000, 
                -$78,300,000,000;
                    (E) with respect to fiscal year 2001, 
                -$25,100,000,000; and
                    (F) with respect to fiscal year 2002, $0.
            (2) Discretionary limits.--In this section and for the 
        purposes of allocations made for the discretionary category 
        pursuant to section 302(a) or 602(a) of the Congressional 
        Budget Act of 1974, the term ``discretionary spending limit'' 
        means--
                    (A) with respect to fiscal year 1998, for the 
                discretionary category: $503,901,000,000 in new budget 
                authority and $541,376,000,000 in outlays;
                    (B) with respect to fiscal year 1999, for the 
                discretionary category: $505,998,000,000 in new budget 
                authority and $537,631,000,000 in outlays;
                    (C) with respect to fiscal year 2000, for the 
                discretionary category: $504,791,000,000 in new budget 
                authority and $536,888,000,000 in outlays;
                    (D) with respect to fiscal year 2001, for the 
                discretionary category $506,049,000,000 in new budget 
                authority and $531,311,000,000 in outlays; and
                    (E) with respect to fiscal year 2002, for the 
                discretionary category: $510,397,000,000 in new budget 
                authority and $530,536,000,000 in outlays.
    (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) a revision of this resolution or any concurrent 
                resolution on the budget for fiscal years 1999, 2000, 
                2001, and 2002 (or amendment, motion, or conference 
                report on such a resolution) that provides--
                            (i) discretionary spending in excess of the 
                        discretionary spending limit for such fiscal 
                        year; or
                            (ii) a deficit in excess of the deficit 
                        limit for such fiscal year; or
                    (B) any bill or resolution (or amendment, motion, 
                or conference report on such bill or resolution) for 
                fiscal year 1998, 1999, 2000, 2001, or 2002 that would 
                cause any of the limits in this section (or 
                suballocations of the discretionary limits made 
                pursuant to section 602(b) of the Congressional Budget 
                Act of 1974) to be exceeded.
            (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 in fy 
                1998.--Until the enactment of reconciliation 
                legislation pursuant to subsection (a) of section 104 
                of this resolution--
                            (i) subparagraph (A) of paragraph (1) shall 
                        not apply; and
                            (ii) subparagraph (B) of paragraph (1) 
                        shall apply only with respect to fiscal year 
                        1995.
    (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, 
revenues, and deficits for a fiscal year shall be determined on the 
basis of estimates made by the Committee on the Budget of the Senate.

SEC. 202. ADJUSTMENTS TO LIMITS.

    (a) Deficit Calculations.--As part of the information included in 
the annual report of CBO to the Committees on the Budget of the House 
of Representatives and the Senate, CBO shall include--
            (1) the amount, if any, the deficit for the prior year was 
        above the deficit limit in section 201 for such year;
            (2) the amount, if any, the deficit for the prior year was 
        below the deficit limit in section 201 for such year; and
            (3) the amount (if any) the projected deficit for the 
        budget year is below the deficit limit in section 201 for such 
        year.
    (b) Adjustment Calculations.--
            (1) Dividend.--
                    (A) In general.--The Chairman of the Committee on 
                the Budget of the Senate (in this section referred to 
                as the ``Chairman'') shall make an adjustment in 
accordance with subparagraph (B) by an amount equal to the smaller of 
the estimate calculated pursuant to paragraph (2) or (3) of subsection 
(a).
                    (B) Adjustments.--The Chairman shall--
                            (i) increase the budget authority and 
                        outlay discretionary spending limits in this 
                        resolution for the budget year by an amount 
                        equal to 50 percent of the amount determined 
                        pursuant to subparagraph (A); and
                            (ii) after the adoption of the concurrent 
                        resolution on the budget for the budget year, 
                        credit the prior surplus determined for the 
                        pay-as-you-go point of order by an amount equal 
                        to 50 percent of the amount determined pursuant 
                        to subparagraph (A).
            (2) Deficit excess.--If the deficit for the prior year was 
        above the deficit limit in section 201, the Chairman shall 
        reduce the deficit limit in this resolution for the budget year 
        by the amount determined pursuant to subsection (a)(1).

SEC. 203. TAX RESERVE FUND IN THE SENATE.

    (a) In General.--In the Senate, revenue and spending aggregates may 
be reduced and allocations may be revised for legislation that reduces 
revenues by providing family tax relief, fuel tax relief, and 
incentives to stimulate savings, investment, job creation, and economic 
growth if such legislation will not increase the deficit for--
            (1) fiscal year 1998;
            (2) the period of fiscal years 1998 through 2002; or
            (3) the period of fiscal years 2003 through 2007.
    (b) Revised Allocations.--Upon the consideration of legislation 
pursuant to subsection (a), 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 resolution.
    (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. 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.
                                 <all>