[House Report 109-518]
[From the U.S. Government Publishing Office]



109th Congress                                                   Report
                        HOUSE OF REPRESENTATIVES
 2d Session                                                     109-518

======================================================================



 
 PROVIDING FOR CONSIDERATION OF H.R. 4890, LEGISLATIVE LINE ITEM VETO 
                              ACT OF 2006

                                _______
                                

   June 21, 2006.--Referred to the House Calendar and ordered to be 
                                printed

                                _______
                                

    Mr. Putnam, from the Committee on Rules, submitted the following

                              R E P O R T

                       [To accompany H. Res. 886]

    The Committee on Rules, having had under consideration 
House Resolution 886, by a nonrecord vote, report the same to 
the House with the recommendation that the resolution be 
adopted.

                SUMMARY OF PROVISIONS OF THE RESOLUTION

    The resolution provides for the consideration of H.R. 4890, 
the Legislative Line Item Veto Act of 2006, under a closed 
rule. The rule provides one hour of debate in the House equally 
divided and controlled by the chairman and ranking minority 
member of the Committee on the Budget. The rule waives all 
points of order against consideration of the bill.
    The rule provides that the amendment in the nature of a 
substitute recommended by the Committee on the Budget now 
printed in the bill, modified by the amendment printed in this 
report, shall be considered as adopted. The rule waives all 
points of order against the bill, as amended. Finally, the rule 
provides one motion to recommit with or without instructions.

                         EXPLANATION OF WAIVERS

    The Committee on Rules is not aware of any points of order 
against consideration of the bill or against the amendment. The 
waivers of all points of order are prophylactic in nature.

            SUMMARY OF AMENDMENT TO BE CONSIDERED AS ADOPTED

    Ryan, Paul (WI): Manager's Amendment. Adds language 
clarifying that any trust fund or special fund amounts canceled 
shall be returned to the fund from which they were originally 
derived, not the General Fund. This ensures that user charges 
that are collected for a specific purpose are not diverted to 
the General Fund. The amendment also requires that the Joint 
Committee on Taxation (JCT) itemize targeted tax benefits 
identified by the tax-writing chairmen on its revenue tables. 
This would provide a revenue score for each targeted tax 
benefit for each of 10 fiscal years, beginning with the budget 
year. Currently, JCT often combines multiple tax provisions 
that are closely related into one line item on its revenue 
tables, meaning that under current practices separate scores 
for targeted tax benefits might not be shown. The amendment 
thus increases transparency for targeted tax benefits.

             TEXT OF AMENDMENT TO BE CONSIDERED AS ADOPTED

    In the amendment made by section 2(a) to section 1011(b)(2) 
of the Congressional Budget and Impoundment Control Act of 
1974, add at the end the following new subparagraph:
                  ``(D) Trust funds and special funds.--
                Nothwithstanding subparagraph (A), nothing in 
                this part shall be construed to require or 
                allow the deposit of amounts derived from a 
                trust fund or special fund which are canceled 
                pursuant to enactment of a bill as provided 
                under this section to any other fund.''.
    Section 1014 of the Congressional Budget and Impoundment 
Control Act of 1974, as proposed to be amended by the bill, is 
amended by redesignating subsection (c) as subsection (d) and 
inserting after subsection (b) the following new subsection:
    ``(c) Identification in Revenue Estimate.--With respect to 
any revenue or reconciliation bill or joint resolution with 
respect to which the chairmen provide a statement under 
subsection (a), the Joint Committee on Taxation shall--
          ``(1) in the case of a statement described in 
        subsection (b)(2)(A), list the targeted tax benefits 
        identified by the chairmen in such statement in any 
        revenue estimate prepared by the Joint Committee on 
        Taxation for any conference report which accompanies 
        such bill or joint resolution, or
          ``(2) in the case of a statement described in 13 
        subsection (b)(2)(B), indicate in such revenue estimate 
        that no provision in such bill or joint resolution has 
        been identified as a targeted tax benefit.''.

                                  
