[Congressional Record Volume 147, Number 99 (Tuesday, July 17, 2001)]
[Senate]
[Pages S7800-S7801]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       BUDGET SCOREKEEPING REPORT

  Mr. CONRAD. Mr. President, I hereby submit to the Senate the budget 
scorekeeping report prepared by the Congressional Budget Office under 
section 308(b) and in aid of section 311 of the Congressional Budget 
Act of 1974, as amended. This report meets the requirements for Senate 
scorekeeping of section 5 of S. Con. Res. 32, the first concurrent 
resolution on the budget for 1986.
  This report shows the effects of congressional action on the 2001 
budget through July 10, 2001. The estimates of budget authority, 
outlays, and revenues are consistent with the assumptions of H. Con. 
Res. 83, the concurrent resolution on the budget for fiscal year 2002, 
which replaced H. Con. Res. 290, the concurrent resolution on the 
budget for fiscal year 2001.
  The estimates show that current level spending in 2001 is below the 
budget resolution by $12.1 billion in budget authority and by $8 
billion in outlays. The current level is $1 million above the revenue 
floor in 2001.
  I ask unanimous consent that a letter to me from Dan L. Crippen, 
Director, CBO, and an accompanying report be printed in the Record.
  There being no objection, the material was ordered to be printed in 
the Record, as follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                    Washington, DC, July 11, 2001.
     Hon. Kent Conrad,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The enclosed tables show the effects of 
     Congressional action on the 2001 budget and are current 
     through July 10, 2001. This report is submitted under section 
     308(b) and in aid of section 311 of the Congressional Budget 
     Act, as amended.
       The estimates of budget authority, outlays, and revenues 
     are consistent with the technical and economic assumptions of 
     H. Con. Res. 83, the Concurrent Resolution on the Budget for 
     Fiscal Year 2002, which replaced H. Con. Res. 290, the 
     Concurrent Resolution on the Budget for Fiscal Year 2001.
       Since my last report, dated March 27, 2001, the Congress 
     has cleared and the President has signed the following acts 
     that changed budget authority, outlays, or revenues for 2001: 
     an act to provide reimbursement authority to the Secretaries 
     of Agriculture and the Interior from wildland and fire 
     management funds (P.L. 107-13), the Fallen Hero Survivor 
     Benefit Fairness Act of 2001 (P.L. 107-15), the Economic 
     Growth and Tax Relief Reconciliation Act of 2001 (P.L. 107-
     16), and an act to clarify the authority of the Department of 
     Housing and Urban Development with respect to the use of fees 
     during fiscal year 2001 (P.L. 107-18). The effects of these 
     new laws are identified in Table 2.
           Sincerely,
                                                 Barry B. Anderson
                                   (For Dan L. Crippen, Director).
       Enclosures.

 TABLE 1.--FISCAL YEAR 2001 SENATE CURRENT LEVEL REPORT, AS OF JULY 10,
                                  2001
                        [In billions of dollars]
------------------------------------------------------------------------
                                                               Current
                                      Budget      Current    level over/
                                    resolution   level \1\    under (-)
                                                              resolution
------------------------------------------------------------------------
            ON-BUDGET
 
Budget Authority.................      1,568.4      1,556.3        -12.1
Outlays..........................      1,515.3      1,507.2         -8.0
Revenues.........................      1,556.7      1,556.7        (\2\)
Debt Subject to Limit............      5,660.7      5,628.3        -32.4
 
            OFF-BUDGET
Social Security Outlays..........        434.6        434.6          0.0
Social Security Revenues.........        504.1        504.1          0.0
------------------------------------------------------------------------
\1\ Current level is the estimated effect on revenue and direct spending
  of all legislation that the Congress has enacted or sent to the
  President for his approval. In addition, full-year funding estimates
  under current law are included for entitlement and mandatory programs
  requiring annual appropriations even if the appropriations have not
  been made. The current level of debt subject to limit reflects the
  latest information from the U.S. Treasury.
\2\ Less than $50 million.
 
Source: Congressional Budget Office.


   TABLE 2.--SUPPORTING DETAIL FOR THE FISCAL YEAR 2001 SENATE CURRENT LEVEL REPORT FOR ON-BUDGET SPENDING AND
                                          REVENUES, AS OF JULY 10, 2001
                                            [In millions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                                      Budget
                                                                     authority        Outlays        Revenues
----------------------------------------------------------------------------------------------------------------
Enacted in previous sessions:
    Revenues....................................................            n.a.            n.a.       1,630,462
    Permanents and other spending legislation...................         928,957         879,358            n.a.
    Appropriation legislation \1\...............................         942,112         942,622            n.a.
    Offsetting receipts.........................................        -314,754        -314,754            n.a.
                                                                 -----------------------------------------------
      Total, enacted in previous sessions.......................       1,556,315       1,507,226       1,630,462
                                                                 ===============================================
Enacted this session:
    An act to provide reimbursement authority to the Secretaries               0               3               0
     of Agriculture and the Interior from wildland fire
     management funds (P.L. 107-13).............................
    Fallen Hero Survivor Benefit Fairness Act of 2001 (P.L. 107-               0               0              -1
     15)........................................................
    Economic Growth and Tax Relief Reconciliation Act of 2001                  0               0         -73,808
     (P.L. 107-16) \2\..........................................
    An act to clarify the authority of the Dept. of Housing and                6               4               2
     Urban Development with respect to the use of fees (P.L. 107-
     18)........................................................
                                                                 -----------------------------------------------
      Total, enacted this session...............................               6               7         -73,807
                                                                 ===============================================
Total Current Level.............................................       1,556,321       1,507,233       1,556,655
Total Budget Resolution.........................................       1,568,430       1,515,278       1,556,654
Current Level Over Budget Resolution............................            n.a.            n.a.               1
Current Level Under Budget Resolution...........................          12,109           8,045            n.a.

[[Page S7801]]

 
Memorandum:
    Emergency designations for bills enacted this session.......               0               0               0
----------------------------------------------------------------------------------------------------------------
\1\ Excludes administrative expenses of the Social Security Administration, which are off-budget.
\2\ The estimated budgetary impact of P.L. 107-16 was provided by the Joint Committee on Taxation.
 
Note.--n.a. = not applicable.
 
Sources: Congressional Budget Office and Joint Committee on Taxation.



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