[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5708 Enrolled Bill (ENR)]

        H.R.5708

                      One Hundred Seventh Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

         Begun and held at the City of Washington on Wednesday,
          the twenty-third day of January, two thousand and two


                                 An Act


 
      To reduce preexisting PAYGO balances, 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. REDUCTION OF PREEXISTING PAYGO BALANCES.

    Upon the enactment of this Act, the Director of the Office of 
Management and Budget shall reduce any balances of direct spending and 
receipts legislation for all fiscal years under section 252 of the 
Balanced Budget and Emergency Deficit Control Act of 1985 to zero.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.