[Congressional Record (Bound Edition), Volume 157 (2011), Part 4]
[Senate]
[Pages 5442-5443]
[From the U.S. Government Publishing Office, www.gpo.gov]




               FAA REAUTHORIZATION AND REFORM ACT OF 2011

  Mr. DURBIN. Madam President, I understand the Senate has received 
H.R. 658 from the House and, under the previous order, I ask that the 
Senate proceed to that measure.
  The PRESIDING OFFICER. Pursuant to the order of February 17, 2011, 
all after the enacting clause is stricken, and the text of S. 223, as 
passed, is inserted in lieu thereof, and the bill, as amended, shall be 
read a third time.
  The amendment was ordered to be engrossed and the bill to be read a 
third time.
  The bill was read the third time.
  The PRESIDING OFFICER. The clerk shall read the pay-go statement.
  The assistant legislative clerk read as follows:

       Mr. Conrad: This is the Statement of Budgetary Effects of 
     PAYGO Legislation for H.R. 658, as amended.

       Total Budgetary Effects of H.R. 658 for the 5-year 
     Statutory PAYGO Scorecard: net reduction in the deficit of 
     $17.796 billion.
       Total Budgetary Effects of H.R. 658 for the 10-year 
     Statutory PAYGO Scorecard: net reduction in the deficit of 
     $19.467 billion.

       Also submitted for the Record as part of this statement is 
     a table prepared by the Congressional Budget Office, which 
     provides additional information on the budgetary effects of 
     this Act, as follows:

   CBO ESTIMATE OF THE STATUTORY PAY-AS-YOU-GO EFFECTS FOR H.R. 658, THE FAA REAUTHORIZATION AND REFORM ACT OF 2011, AS AMENDED BY S. 223, THE FAA AIR TRANSPORTATION MODERNIZATION AND SAFETY
                                                                  IMPROVEMENT ACT, AS PASSED BY THE SENATE ON FEBRUARY 17, 2011
                                                                              [Millions of dollars, by fiscal year]
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                                                             2011      2012       2013       2014       2015       2016      2017     2018     2019     2020     2021    2011-2016    2011-2021
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                                                                           NET INCREASE OR DECREASE (-) IN THE DEFICIT
 
Statutory Pay-As-You-Go Impact...........................       -7     -3,455     -6,071     -4,602     -2,611     -1,049     -479     -277     -266     -295     -355      -17,796      -19,467
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Major provisions of H.R. 658 would:
    --Reauthorize programs administered by the Federal Aviation Administration;
    --Extend and modify certain aviation-related revenues;
    --Rescind $44 billion in unobligated balances of discretionary budget authority (thereby reducing outlays by an estimated $22 billion over the 2011-2020 period).
Note: For this estimate, CBO assumes H.R. 658 will be enacted by June 1, 2011.
Sources: Congressional Budget Office and Joint Committee on Taxation.

  The PRESIDING OFFICER. Under the previous order, the bill, as 
amended, is passed, the motion to reconsider is considered made and 
laid upon the table, the Senate insists upon its amendment, requests a 
conference with the House on the disagreeing votes of the two Houses, 
and the Chair appoints Mr. Rockefeller, Mrs. Boxer, Mr. Nelson of 
Florida, Ms. Cantwell, Mrs. Hutchison, Mr. Ensign, Mr. DeMint, and from 
the Committee on Finance Mr. Baucus and Mr. Hatch conferrees on the 
part of the Senate.

[[Page 5443]]



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