H.Con.Res. 131 (ih) Establishing procedures making the transmission of the continuing resolution (H.J. Res. 134) to the President contingent upon the submission by the President of a 7-year balanced budget using updated economic and technical assumptions...

	Web GovRecords.org

        H.Con. Res.131
                                               Agreed to January 5, 1996

                       One Hundred Fourth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

         Begun and held at the City of Washington on Wednesday,
   the third day of January, one thousand nine hundred and ninety-six


                          Concurrent Resolution


 
   Establishing procedures making the transmission of the continuing 
    resolution (H.J. Res. 134) to the President contingent upon the 
 submission by the President of a 7-year balanced budget using updated 
 economic and technical assumptions of the Congressional Budget Office.

    Resolved by the House of Representatives (the Senate concurring),

SECTION 1. NOTIFICATION OF COMPLIANCE.

    The Committee on House Oversight (pursuant to clause 4(d)(1) of 
rule X of the Rules of the House of Representatives) shall not present 
to the President the joint resolution (H.J. Res. 134) making further 
continuing appropriations for the fiscal year 1996, and for other 
purposes, until the Speaker of the House notifies that committee that 
the requirements of this concurrent resolution have been met.

SEC. 2. PRESIDENT'S SUBMISSION OF 7-YEAR BALANCED BUDGET.

    The Speaker shall submit to the Committee on House Oversight the 
notification described in section 1 only if the following conditions 
have been satisfied:
        (1) The President has submitted to the Congress a plan to 
    achieve a balanced total budget not later than fiscal year 2002, 
    which includes the following:
            (A) The proposed text of a budget plan for fiscal year 1996 
        and each fiscal year thereafter through fiscal year 2002 that 
        includes total new budget authority and budget outlays, total 
        Federal revenues, and new budget authority and budget outlays 
        for each major functional category, including a breakdown 
        between discretionary and mandatory spending within each such 
        category.
            (B) The proposed text of legislation to implement the 
        budget described in subparagraph (A).
            (C) A detailed summary setting forth the policies 
        underlying the budget described in subparagraph (A) and the 
        proposed legislation described in subparagraph (B).
        (2) The Director of the Congressional Budget Office has 
    certified in writing to the Speaker of the House and the President 
    pro tempore of the Senate that the plan described in paragraph (1) 
    achieves a balanced total budget not later than fiscal year 2002, 
    as estimated by the Director using the economic and technical 
    assumptions specified in or consistent with the congressional 
    Budget Office Memorandum entitled ``The Economic and Budget 
    Outlook: December 1995 Update''.

SEC. 3. SUBMISSION OF COPY OF CONCURRENT RESOLUTION TO PRESIDENT.

    Upon the adoption of this concurrent resolution, the Clerk of the 
House of Representatives shall transmit a copy to the President.
Attest:

                                 Clerk of the House of Representatives.

Attest:

                                               Secretary of the Senate.

Other Popular 104th Congressional Bills Documents:

Other Documents:

104th Congressional Bills Records and Documents