[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. Con. Res. 20 Placed on Calendar Senate (PCS)]
Calendar No. 24
107th CONGRESS
1st Session
S. CON. RES. 20
Setting forth the congressional budget for the United States Government
for fiscal year 2002.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 5, 2001
Mr. Hollings submitted the following concurrent resolution; which was
referred to the Committee on the Budget
April 2, 2001
Committee discharged pursuant to Public Law 93-344, and placed on the
calendar
_______________________________________________________________________
CONCURRENT RESOLUTION
Setting forth the congressional budget for the United States Government
for fiscal year 2002.
Resolved by the Senate (the House of Representatives concurring),
SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2002.
(a) Declaration.--Congress determines and declares that this
resolution is the concurrent resolution on the budget for fiscal year
2002.
(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 2002.
TITLE I--LEVELS AND AMOUNTS
Sec. 101. Recommended levels and amounts.
Sec. 102. Social Security.
Sec. 103. Major functional categories.
TITLE II--BUDGETARY RESTRAINTS AND RULEMAKING
Sec. 201. Reserve fund for tax cuts in the event of a recession.
Sec. 202. Reserve fund for tax cuts in the event of a surplus.
Sec. 203. Exercise of rulemaking powers.
TITLE I--LEVELS AND AMOUNTS
SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.
The following budgetary levels are the appropriate levels for the
fiscal year 2002:
(1) Federal revenues.--For purposes of the enforcement of
this resolution--
(A) The recommended level of Federal revenues
pursuant to CBO estimates is $1,703,488,000,000.
(B) The amount by which the aggregate level of
Federal revenues should be changed is $0.
(2) New budget authority.--For purposes of the enforcement
of this resolution, the appropriate level of total new budget
authority is $1,600,781,000,000.
(3) Budget outlays.--For purposes of the enforcement of
this resolution, the appropriate level of total budget outlays
is $1,561,391,000,000.
(4) Deficits.--For purposes of the enforcement of this
resolution according to CBO, the amount of the deficit is plus
$142,097,000,000.
(5) Public debt.--The appropriate level of the public is
$25,564,449,000,000.
(6) Debt held by the public.--The appropriate level of the
debt held by the public is $2,848,489,000,000.
SEC. 102. SOCIAL SECURITY.
(a) Social Security Revenues.--For purposes of Senate enforcement
under section 311 of the Congressional Budget Act of 1974, the amount
of revenues of the Federal Old-Age and Survivors Insurance Trust Fund
and the Federal Disability Insurance Trust Fund is $532,308,000,000.
(b) Social Security Outlays.--For purposes of Senate enforcement
under section 311 of the Congressional Budget Act of 1974, the amount
of outlays of the Federal Old-Age and Survivors Insurance Trust Fund
and the Federal Disability Insurance Trust Fund is $360,171,000,000.
(c) Social Security Administrative Expenses.--For purposes of
Senate enforcement under section 311 of the Congressional Budget Act of
1974, the amounts of new budget authority and budget outlays of the
Federal Old-Age and Survivors Insurance Trust Fund and the Federal
Disability Insurance Trust Fund for administrative expenses are
$3,579,000,000 for new budget authority, and $3,525,000,000 for
outlays.
SEC. 103. MAJOR FUNCTIONAL CATEGORIES.
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 year 2002 for each major
functional category are:
(1) National Defense (050):
(A) New budget authority, $321,022,000,000.
(B) Outlays, $313,400,000,000.
(2) International Affairs (150):
(A) New budget authority, $23,214,000,000.
(B) Outlays, $18,838,000,000.
(3) General Science, Space, and Technology (250):
(A) New budget authority, $21,583,000,000.
(B) Outlays, $20,725,000,000.
(4) Energy (270):
(A) New budget authority, $1,360,000,000.
(B) Outlays, -$19,000,000.
(5) Natural Resources and Environment (300):
(A) New budget authority, $30,031,000,000.
(B) Outlays, $28,305,000,000.
(6) Agriculture (350):
(A) New budget authority, $19,265,000,000.
(B) Outlays, $17,593,000,000.
(7) Commerce and Housing Credit (370):
(A) New budget authority, $10,174,000,000.
(B) Outlays, $6,587,000,000.
(8) Transportation (400):
(A) New budget authority, $64,444,000,000.
(B) Outlays, $56,167,000,000.
(9) Community and Regional Development (450):
(A) New budget authority, $11,892,000,000.
(B) Outlays, $11,730,000,000.
(10) Education, Training, Employment, and Social Services
(500):
(A) New budget authority, $80,924,000,000.
(B) Outlays, $76,658,000,000.
(11) Health (550):
(A) New budget authority, $191,280,000,000.
(B) Outlays, $189,220,000,000.
(12) Medicare (570):
(A) New budget authority, $229,179,000,000.
(B) Outlays, $229,121,000,000.
(13) Income Security (600):
(A) New budget authority, $273,138,000,000.
(B) Outlays, $271,655,000,000.
(14) Social Security (650):
(A) New budget authority, $11,004,000,000.
(B) Outlays, $11,003,000,000.
(15) Veterans Benefits and Services (700):
(A) New budget authority, $51,248,000,000.
(B) Outlays, $50,657,000,000.
(16) Administration of Justice (750):
(A) New budget authority, $32,431,000,000.
(B) Outlays, $31,436,000,000.
(17) General Government (800):
(A) New budget authority, $16,496,000,000.
(B) Outlays, $16,193,000,000.
(18) Net Interest (900):
(A) New budget authority, $254,882,000,000.
(B) Outlays, $254,882,000,000.
(19) Allowances (920):
(A) New budget authority, $0.
(B) Outlays, $0.
(20) Undistributed Offsetting Receipts (950):
(A) New budget authority, -$42,303,000,000.
(B) Outlays, -$42,303,000,000.
(21) Multiple functions (990):
(A) New budget authority, -$483,000,000.
(B) Outlays, -$457,000,000.
TITLE II--BUDGETARY RESTRAINTS AND RULEMAKING
SEC. 201. RESERVE FUND FOR TAX CUTS IN THE EVENT OF A RECESSION.
(a) Reporting a Recession.--If the budget and economic outlook
update report provided pursuant to section 202(e)(2) of the
Congressional Budget Act of 1974 estimates that there will be 2
consecutive quarters of negative economic growth in the current quarter
and the next 2 quarters, the chairman of the Committees on the Budget
of the Senate or the House of Representatives, as applicable, may make
the adjustments provided in subsection (b).
(b) Adjustments.--The chairman of the Committee on the Budget of
the Senate or House of Representatives, as applicable, may--
(1) reduce the on-budget revenue aggregate by
$100,000,000,000; and
(2) direct the chairman of the Committee on Finance or the
Committee on Ways and Means, as applicable, to report by a date
certain a reconciliation bill reducing revenues by
$100,000,000,000.
SEC. 202. RESERVE FUND FOR TAX CUTS IN THE EVENT OF A SURPLUS.
(a) Reporting a Surplus.--If the budget and economic outlook update
report provided pursuant to section 202(e)(2) of the Congressional
Budget Act of 1974 estimates that the gross Federal debt for the budget
year will be reduced, the chairman of the Committees on the Budget of
the Senate or the House of Representatives, as applicable, may make the
adjustments provided in subsection (b).
(b) Adjustments.--The chairman of the Committee on the Budget of
the Senate or House of Representatives, as applicable, may--
(1) reduce the on-budget revenue aggregate by an amount
equal to the amount of the reduction determined as provided in
subsection (a); and
(2) direct the chairman of the Committee on Finance or the
Committee on Ways and Means, as applicable, to report by a date
certain a reconciliation bill reducing revenues by the amount
of that reduction.
SEC. 203. EXERCISE OF RULEMAKING POWERS.
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.
Calendar No. 24
107th CONGRESS
1st Session
S. CON. RES. 20
_______________________________________________________________________
CONCURRENT RESOLUTION
Setting forth the congressional budget for the United States Government
for fiscal year 2002.
_______________________________________________________________________
April 2, 2001
Committee discharged pursuant to Public Law 93-344, and placed on the
calendar