[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2802 Referral Instructions Senate (RIS)]







108th CONGRESS
  2d Session
                                 S. 2802

 To amend the Congressional Budget and Impoundment Control Act of 1974 
to limit the implementation, phase-in, or phaseout of revenue measures 
                               to 1 year.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 14, 2004

  Mr. Dayton introduced the following bill; which was read twice and 
   referred jointly pursuant to the order of August 4, 1977, to the 
 Committees on the Budget and Governmental Affairs, with instructions 
that if one Committee reports, the other Committee have thirty days to 
                        report or be discharged

_______________________________________________________________________

                                 A BILL


 
 To amend the Congressional Budget and Impoundment Control Act of 1974 
to limit the implementation, phase-in, or phaseout of revenue measures 
                               to 1 year.

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

SECTION 1. PROHIBITION ON THE CONSIDERATION OF ANY LONG-TERM 
              IMPLEMENTATION, PHASE-IN, OR PHASEOUT OF ANY REVENUE 
              MEASURE.

    (a) In General.--Title III of the Congressional Budget and 
Impoundment Control Act of 1974 (2 U.S.C. 631 et seq.) is amended by 
adding at the end the following:

  ``prohibition on the consideration of any long-term implementation, 
             phase-in, or phaseout of any revenue measure.

    ``Sec. 316. (a) In General.--It shall not be in order in the House 
of Representatives or the Senate to consider any bill, joint 
resolution, amendment, motion, or conference report, that--
            ``(1) delays implementation of a revenue measure for more 
        than 1 year after the date of the enactment of the measure,
            ``(2) phases in a revenue measure over a period of taxable 
        years greater than 1 taxable year, or
            ``(3) provides for the repeal of, or a modification in the 
        revenue effect of, a revenue measure if the elimination or 
        modification does not fully take effect before the date which 
        is 1 year after the date of the enactment of the elimination or 
        modification.
    ``(b) Revenue Measure.--The term `revenue measure' means any change 
in any rate of tax, deduction, exemption, credit, or exclusion, or any 
similar change to the Internal Revenue Code of 1986, that will result 
in a decrease or increase in revenues to the United States Treasury.''
    (b) Supermajority Point of Order.--Subsections (c)(1) and (d)(2) of 
section 904 of the Congressional Budget and Impoundment Control Act of 
1974 (2 U.S.C. 621 note) are amended by inserting ``316,'' after 
``313,''.
    (c) Conforming Amendment.--The table of contents for the 
Congressional Budget and Impoundment Control Act of 1974 is amended by 
inserting after the item relating to section 315 the following:

        ``Sec. 316. Prohibition on the consideration of any long-term 
                            implementation, phase-in, or phaseout of 
                            any revenue measure.''.
    (d) Effective Date.--The amendments made by this section take 
effect on January 1, 2005.
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