[Federal Register Volume 62, Number 201 (Friday, October 17, 1997)]
[Notices]
[Page 54338]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27914]


      

[[Page 54337]]

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Part V





Office of Management and Budget





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Cancellation Pursuant to Line Item Veto Act; Treasury and General 
Government Appropriations Act, 1998; Notices

  Federal Register / Vol. 62, No. 201 / Friday, October 17, 1997 / 
Notices  

[[Page 54338]]



OFFICE OF MANAGEMENT AND BUDGET


Cancellation Pursuant to Line Item Veto Act; Treasury and General 
Government Appropriations Act, 1998

October 16, 1997.
    One Special Message from the President under the Line Item Veto Act 
is published below. The President signed this message on October 16, 
1997. Under the Act, the message is required to be printed in the 
Federal Register (2 U.S.C. 691a(c)(2)).
Clarence C. Crawford,
Associate Director for Administration.

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THE WHITE HOUSE
Washington,
October 16, 1997.

    Dear Mr. Speaker:
    In accordance with the Line Item Veto Act, I hereby cancel the 
dollar amount of discretionary budget authority, as specified in the 
attached report, contained in the ``Treasury and General Government 
Appropriations Act, 1998'' (Public Law 105-61; H.R. 2378). I have 
determined that the cancellation of this amount will reduce the 
Federal budget deficit, will not impair any essential Government 
functions, and will not harm the national interest. This letter, 
together with its attachment, constitutes a special message under 
section 1022 of the Congressional Budget and Impoundment Control Act 
of 1974, as amended.
      Sincerely,
William J. Clinton.

The Honorable Newt Gingrich,
Speaker of the House of Representatives, Washington, D.C. 20515.

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THE WHITE HOUSE
Washington,
October 16, 1997.

    Dear Mr. President:
    In accordance with the Line Item Veto Act, I hereby cancel the 
dollar amount of discretionary budget authority, as specified in the 
attached report, contained in the ``Treasury and General Government 
Appropriations Act, 1998'' (Public Law 105-61; H.R. 2378). I have 
determined that the cancellation of this amount will reduce the 
Federal budget deficit, will not impair any essential Government 
functions, and will not harm the national interest. This letter, 
together with its attachment, constitutes a special message under 
section 1022 of the Congressional Budget and Impoundment Control Act 
of 1974, as amended.
      Sincerely,
William J. Clinton.

The Honorable Albert Gore, Jr.,
President of the Senate, Washington, D.C. 20510.

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Cancellation No. 97-56

CANCELLATION OF DOLLAR AMOUNT OF DISCRETIONARY BUDGET AUTHORITY

Report Pursuant to the Line Item Veto Act, P.L. 104-130

    Bill Citation: ``Treasury and General Government Appropriations 
Act, 1998'' (H.R. 2378).
    1(A). Dollar Amount of Discretionary Budget Authority: $8,000 
thousand in FY 1998, $183,000 thousand in FY 1999, $209,000 thousand in 
FY 2000, $221,000 thousand in FY 2001, and $233,000 thousand in FY 2002 
due to reductions in employee contributions to the Civil Service 
Retirement and Disability Fund (CSRDF). These reduced contributions 
would result from employee elections to switch retirement coverage to 
the Federal Employees Retirement System (FERS) from enrollment in the 
Civil Service Retirement System (CSRS) that is authorized by Section 
642.
    1(B). Determinations: This cancellation will reduce the Federal 
budget deficit, will not impair any essential Government functions, and 
will not harm the national interest.
    1(C), (E). Reasons for Cancellation; Facts, Circumstances, and 
Considerations Relating to or Bearing Upon the Cancellation; and 
Estimated Effect of Cancellation on Objects, Purposes, and Programs: 
Section 642 would require the Office of Personnel Management to conduct 
an Open Season to permit Federal employees to switch enrollment from 
CSRS to FERS between July 1, 1998 and December 31, 1998. The estimated 
impact is the net reduction in employee contributions to the CSRDF 
trust fund from 7 percent of pay under CSRS to 0.8 percent under FERS. 
It is estimated that 5 percent of CSRS-covered employees would switch. 
This provision is being canceled because: (1) it would require the 
employing agencies to absorb increased retirement costs, using funds 
that otherwise would be available for payroll and other agency needs; 
(2) it would inhibit agency downsizing and restructuring efforts by 
discouraging voluntary turnover; (3) it was not requested in the 
President's FY 1998 budget; and (4) it was not the subject of extensive 
deliberation and debate prior to enactment.
    1(D). Estimated Fiscal, Economic, and Budgetary Effect of 
Cancellation: As a result of the cancellation, Federal receipts will 
not decrease, as specified below. This will have a commensurate effect 
on the Federal budget deficit and, to that extent, will have a 
beneficial effect on the economy.

                             Receipt changes                            
                        [In thousands of dollars]                       
                                                                        
                                                                        
                                                                        
Fiscal year:                                                            
    1998....................................................      -8,000
    1999....................................................    -183,000
    2000....................................................    -209,000
    2001....................................................    -221,000
    2002....................................................    -233,000
                                                             -----------
      Total.................................................    -854,000
                                                                        

1(F). Adjustments to Non-Defense Discretionary Spending Limits

    Budget authority: The estimated budget authority effect for each 
year is equal to the receipt changes shown above.
    Outlays: The estimated outlay effect for each year is equal to the 
receipt changes shown above.
    Evaluation of Effects of These Adjustments upon Sequestration 
Procedures: If a sequestration were required, such sequestration would 
occur at levels that are reduced by the amounts above.
    2(A). Agency: Office of Personnel Management.
    2(A). Bureau: None.
    2(A). Governmental Function/Project (Account): Civil Service 
retirement (Civil Service Retirement and Disability Fund).
    2(B). States and Congressional Districts Affected: All.
    2(C). Total Number of Cancellations (inclusive) in Current Session 
in each State and District identified above: The provision would have 
had a national effect.
[FR Doc. 97-27914 Filed 10-16-97; 4:12 pm]
BILLING CODE 3110-01-P