[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5708 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 5708

     To reduce preexisting PAYGO balances, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                           November 12, 2002

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

_______________________________________________________________________

                                 A BILL


 
     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.
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