[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5502 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 5502

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
 to extend the pay-as-you-go provisions through fiscal year 2007, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 30, 2002

  Mr. Spratt introduced the following bill; which was referred to the 
                        Committee on the Budget

_______________________________________________________________________

                                 A BILL


 
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
 to extend the pay-as-you-go provisions through fiscal year 2007, and 
                          for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Restoring Budget Disciplines Act of 
2002''.

SEC. 2. EXTENSION OF PAY-AS-YOU-GO REQUIREMENT.

    (a) Extension of Pay-As-You-Go Requirement.--(1) Section 252(a) of 
the Balanced Budget and Emergency Deficit Control Act of 1985 is 
amended by striking ``2002'' and inserting ``2007''.
    (2) Section 252(b)(1) of such Act is amended by striking ``2002'' 
and inserting ``2007''.
    (b) Expiration.--Section 275(b) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 is amended by--
            (1) striking ``, and sections 1105(f) and 1106(c) of title 
        31, United States Code,'' and by inserting ``, sections 1105(f) 
        and 1106(c) of title 31, United States Code, shall expire 
        September 30, 2007'' after ``2002''; and
            (2) striking ``2006'' and inserting ``2011''.

SEC. 3. SENSE OF CONGRESS ON EXTENSION OF DISCRETIONARY SPENDING 
              LIMITS.

    It is the sense of Congress that, in recognition of the valuable 
role that discretionary spending limits have played in maintaining 
fiscal discipline and setting budgetary priorities, Congress and the 
President should agree upon an extension of the discretionary spending 
limits by establishing caps for fiscal years 2003 through 2007.

SEC. 4. EXTENSION OF DISCRETIONARY SPENDING LIMITS.

    The first sentence of section 275(b) of the Balanced Budget and 
Emergency Deficit Control Act of 1985 (as amended by section 2) is 
further amended by striking ``251,'' and ``, 258B,'' and by inserting 
after ``2007'' the following: ``, and sections 251 and 258B shall 
expire September 30 of the last fiscal year for which any subsequent 
extension of the discretionary spending limits set forth in section 
251(c) applies''.
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