Home > 105th Congressional Bills > H.Con.Res. 85 (ih) Expressing the sense of Congress that the Small Business Administration should appoint a commission to examine the credit needs of small business concerns. ...H.Con.Res. 85 (ih) Expressing the sense of Congress that the Small Business Administration should appoint a commission to examine the credit needs of small business concerns. ...
$22,444,000,000 in outlays for fiscal year 1998,
$24,563,000,000 in outlays for fiscal year 2002, and
$139,134,000,000 in outlays in fiscal years 1998 through 2002.
(8) Committee on ways and means.--(A) The House Committee
on Ways and Means shall report changes in laws within its
jurisdiction such that the total level of direct spending for
that committee does not exceed: $397,546,000,000 in outlays for
fiscal year 1998, $506,442,000,000 in outlays for fiscal year
2002, and $2,621,578,000,000 in outlays in fiscal years 1998
through 2002.
(B) The House Committee on Ways and Means shall report
changes in laws within its jurisdiction such that the total
level of revenues for that committee is not less than:
$1,176,253,000,000 in revenues for fiscal year 1998,
$1,386,546,000,000 in revenues for fiscal year 2002, and
$7,517,939,000,000 in revenues in fiscal years 1998 through
2002.
(d) Instructions Relating to Tax Relief and Miscellaneous
Reforms.--
(1) Committee on agriculture.--The House Committee on
Agriculture shall report changes in laws within its
jurisdiction that provide direct spending such that the total
level of direct spending for that committee does not exceed:
$34,571,000,000 in outlays for fiscal year 1998,
$37,008,000,000 in outlays for fiscal year 2002, and
$211,443,000,000 in outlays in fiscal years 1998 through 2002.
(2) Committee on banking and financial services.--The House
Committee on Banking and Financial Services shall report
changes in laws within its jurisdiction that provide direct
spending such that the total level of direct spending for that
committee does not exceed: -$8,435,000,000 in outlays for
fiscal year 1998, -$5,091,000,000 in outlays for fiscal year
2002, and -$50,306,000,000 in outlays in fiscal years 1998
through 2002.
(3) Committee on commerce.--The House Committee on Commerce
shall report changes in laws within its jurisdiction that
provide direct spending such that the total level of direct
spending for that committee does not exceed: $393,533,000,000
in outlays for fiscal year 1998, $506,791,000,000 in outlays
for fiscal year 2002, and $2,617,528,000,000 in outlays in
fiscal years 1998 through 2002.
(4) Committee on education and the workforce.--The House
Committee on Education and the Workforce shall report changes
in laws within its jurisdiction that provide direct spending
such that the total level of direct spending for that committee
does not exceed: $17,222,000,000 in outlays for fiscal year
1998, $17,673,000,000 in outlays for fiscal year 2002, and
$103,109,000,000 in outlays in fiscal years 1998 through 2002.
(5) Committee on government reform and oversight.--(A) The
House Committee on Government Reform and Oversight shall report
changes in laws within its jurisdiction that provide direct
spending such that the total level of direct spending for that
committee does not exceed: $68,975,000,000 in outlays for
fiscal year 1998, $81,896,000,000 in outlays for fiscal year
2002, and $443,061,000,000 in outlays in fiscal years 1998
through 2002.
(B) The House Committee on Government Reform and Oversight
shall report changes in laws within its jurisdiction that would
reduce the deficit by: $0 in fiscal year 1998, $621,000,000 in
outlays for fiscal year 2002, and $1,829,000,000 in fiscal
years 1998 through 2002.
(6) Committee on transportation and infrastructure.--The
House Committee on Transportation and Infrastructure shall
report changes in laws within its jurisdiction that provide
direct spending such that the total level of direct spending
for that committee does not exceed: $18,087,000,000 in outlays
for fiscal year 1998, $17,283,000,000 in outlays for fiscal
year 2002, and $106,615,000,000 in outlays in fiscal years 1998
through 2002.
(7) Committee on veterans' affairs.--The House Committee on
Veterans' Affairs shall report changes in laws within its
jurisdiction that provide direct spending such that the total
level of direct spending for that committee does not exceed:
$22,444,000,000 in outlays for fiscal year 1998,
$24,563,000,000 in outlays for fiscal year 2002, and
$139,134,000,000 in outlays in fiscal years 1998 through 2002.
(8) Committee on ways and means.--(A) The House Committee
on Ways and Means shall report changes in laws within its
jurisdiction such that the total level of direct spending for
that committee does not exceed: $397,546,000,000 in outlays for
fiscal year 1998, $506,442,000,000 in outlays for fiscal year
2002, and $2,621,578,000,000 in outlays in fiscal years 1998
through 2002.
(B) The House Committee on Ways and Means shall report
changes in laws within its jurisdiction such that the total
level of revenues for that committee is not less than:
$1,168,853,000,000 in revenues for fiscal year 1998,
$1,366,046,000,000 in revenues for fiscal year 2002, and
$7,432,939,000,000 in revenues in fiscal years 1998 through
2002.
(e) Definition.--For purposes of this section, the term ``direct
spending'' has the meaning given to such term in section 250(c)(8) of
the Balanced Budget and Emergency Deficit Control Act of 1985.
(f) Children's Health Initiative.--If the Committees on Commerce
and Ways and Means report recommendations pursuant to their
reconciliation instructions that, combined, provide an initiative for
children's health that would increase the deficit by more than $2.3
billion for fiscal year 1998, by more than $3.9 billion for fiscal year
2002, and by more than $16 billion for the period of fiscal years 1998
through 2002, the committees shall be deemed to not have complied with
their reconciliation instructions pursuant to section 310(d) of the
Congressional Budget Act of 1974.
TITLE III--BUDGET ENFORCEMENT
SEC. 301. DEFICIT-NEUTRAL RESERVE FUND FOR SURFACE TRANSPORTATION.
(a) Purpose.--The purpose of this section is to adjust the
appropriate budgetary levels to accommodate legislation increasing
spending from the highway trust fund on surface transportation and
highway safety above the levels assumed in this resolution if such
legislation is deficit neutral.
(b) Deficit Neutrality Requirement.--(1) In order to receive the
adjustments specified in subsection (c), a bill reported by the
Committee on Transportation and Infrastructure that provides new budget
authority above the levels assumed in this resolution for programs
authorized out of the highway trust fund must be deficit neutral.
(2) A deficit-neutral bill must meet the following conditions:
(A) The amount of new budget authority provided for
programs authorized out of the highway trust fund must be in
excess of $25.949 billion in new budget authority for fiscal
year 1998, $25.464 billion in new budget authority for fiscal
year 2002, and $127.973 billion in new budget authority for the
period of fiscal years 1998 through 2002.
(B) The outlays estimated to flow from the excess new
budget authority set forth in subparagraph (A) must be offset
for fiscal year 1998, fiscal year 2002, and for the period of
fiscal years 1998 through 2002. For the sole purpose of
estimating the amount of outlays flowing from excess new budget
authority under this section, it shall be assumed that such
excess new budget authority would have an obligation limitation
sufficient to accommodate that new budget authority.
(C) The outlays estimated to flow from the excess new
budget authority must be offset by (i) other direct spending or
revenue provisions within that transportation bill, (ii) the
net reduction in other direct spending and revenue legislation
that is enacted during this Congress after the date of adoption
of this resolution and before such transportation bill is
reported (in excess of the levels assumed in this resolution),
or (iii) a combination of the offsets specified in clauses (i) and
(ii).
(D) As used in this section, the term ``direct spending''
has the meaning given to such term in section 250(c)(8) of the
Balanced Budget and Emergency Deficit Control Act of 1985.
(c) Revised Levels.--(1) When the Committee on Transportation and
Infrastructure reports a bill (or when a conference report thereon is
filed) meeting the conditions set forth in subsection (b)(2), the
chairman of the Committee on the Budget shall increase the allocation
of new budget authority to that committee by the amount of new budget
authority provided in that bill (and that is above the levels set forth
in subsection (b)(2)(A)) for programs authorized out of the highway
trust fund.
(2) After the enactment of the transportation bill described in
paragraph (1) and upon the reporting of a general, supplemental or
continuing resolution making appropriations by the Committee on
Appropriations (or upon the filing of a conference report thereon)
establishing an obligation limitation above the levels specified in
subsection (b)(2)(A) (at a level sufficient to obligate some or all of
the budget authority specified in paragraph (1)), the chairman of the
Committee on the Budget shall increase the allocation and aggregate
levels of outlays to that committee for fiscal years 1998 and 1999 by
the appropriate amount.
(d) Revisions.--Allocations and aggregates revised pursuant to this
section shall be considered for purposes of the Congressional Budget
Act of 1974 as allocations and aggregates contained in this resolution.
(e) Reversals.--If any legislation referred to in this section is
not enacted into law, then the chairman of the House Committee on the
Budget shall, as soon as practicable, reverse adjustments made under
this section for such legislation and have such adjustments published
in the Congressional Record.
(f) Determination of Budgetary Levels.--For the purposes of this
section, budgetary levels shall be determined on the basis of estimates
made by the House Committee on the Budget.
(g) Definition.--As used in this section, the term ``highway trust
fund'' refers to the following budget accounts (or any successor
accounts):
(1) 69-8083-0-7-401 (Federal-Aid Highways).
(2) 69-8191-0-7-401 (Mass Transit Capital Fund).
(3) 69-8350-0-7-401 (Mass Transit Formula Grants).
(4) 69-8016-0-7-401 (National Highway Traffic Safety
Administration-Operations and Research).
(5) 69-8020-0-7-401 (Highway Traffic Safety Grants).
(6) 69-8048-0-7-401 (National Motor Carrier Safety
Program).
SEC. 302. SALE OF GOVERNMENT ASSETS.
(a) Budgetary treatment.--
(1) In general.--For the purpose of any concurrent
resolution on the budget and the Congressional Budget Act of
1974, no amounts realized from the sale of an asset shall be
scored with respect to the level of budget authority, outlays,
or revenues if such sale would cause an increase in the deficit
as calculated pursuant to paragraph (2).
(2) Calculation of net present value.--The deficit estimate
of an asset sale shall be the net present value of the cash
flow from--
(A) proceeds from the asset sale;
(B) future receipts that would be expected from
continued ownership of the asset by the Government; and
(C) expected future spending by the Government at a
level necessary to continue to operate and maintain the
asset to generate the receipts estimated pursuant to
subparagraph (B).
(b) Definition.--For purposes of this section, the term ``sale of
an asset'' shall have the same meaning as under section 250(c)(21) of
the Balanced Budget and Emergency Deficit Control Act of 1985.
(c) Treatment of Loan Assets.--For the purposes of this section,
the sale of loan assets or the prepayment of a loan shall be governed
by the terms of the Federal Credit Reform Act of 1990.
(d) Determination of Budgetary Levels.--For the purposes of this
section, budgetary levels shall be determined on the basis of estimates
made by the House Committee on the Budget.
SEC. 303. ENVIRONMENTAL RESERVE FUND.
(a) Committee Allocations.--In the House, after the Committee on
Commerce and the Committee on Transportation and Infrastructure report
a bill (or a conference report thereon is filed) to reform the
Superfund program to facilitate the cleanup of hazardous waste sites,
the chairman of the Committee on the Budget shall submit revised
allocations and budget aggregates to carry out this section by an
amount not to exceed the excess subject to the limitation. These
revisions shall be considered for purposes of the Congressional Budget
Act of 1974 as the allocations and aggregates contained in this
resolution.
(b) Limitations.--The adjustments made under this section shall not
exceed:
(1) $200 million in budget authority for fiscal year 1998
and the estimated outlays flowing therefrom.
(2) $200 million in budget authority for fiscal year 2002
and the estimated outlays flowing therefrom.
(3) $1 billion in budget authority for the period of fiscal
years 1998 through 2002 and the estimated outlays flowing
therefrom.
(c) Readjustments.--In the House, any adjustments made under this
section for any appropriation measure may be readjusted if that measure
is not enacted into law.
SEC. 304. SEPARATE ALLOCATION FOR LAND ACQUISITIONS AND EXCHANGES.
(a) Allocation by Chairman.--In the House, upon the reporting of a
bill by the Committee on Appropriations (or upon the filing of a
conference report thereon) providing $700 million in budget authority
for fiscal year 1998 for Federal land acquisitions and to finalize
priority Federal land exchanges, the chairman of the Committee on the
Budget shall allocate that amount of budget authority and the
corresponding amount of outlays.
(b) Treatment of Allocations in the House.--In the House, for
purposes of the Congressional Budget Act of 1974, allocations made
under subsection (a) shall be deemed to be made pursuant to section
602(a)(1) of that Act and shall be deemed to be a separate
suballocation for purposes of the application of section 302(f) of that
Act as modified by section 602(c) of that Act.
TITLE IV--SENSE OF CONGRESS PROVISIONS
SEC. 401. SENSE OF CONGRESS ON BASELINES.
(a) Findings.--The Congress finds that:
(1) Baselines are projections of future spending if
existing policies remain unchanged.
(2) Under baseline assumptions, spending automatically
rises with inflation even if such increases are not mandated
under existing law.
(3) Baseline budgeting is inherently biased against
policies that would reduce the projected growth in spending
because such policies are portrayed as spending reductions from
an increasing baseline.
(4) The baseline concept has encouraged Congress to
abdicate its constitutional obligation to control the public
purse for those programs which are automatically funded.
(b) Sense of Congress.--It is the sense of Congress that baseline
budgeting should be replaced with a budgetary model that requires
justification of aggregate funding levels and maximizes congressional
and executive accountability for Federal spending.
SEC. 402. SENSE OF CONGRESS ON REPAYMENT OF THE FEDERAL DEBT.
(a) Findings.--The Congress finds that:
(1) The Congress and the President have a basic moral and
ethical responsibility to future generations to repay the
Federal debt, including the money borrowed from the Social
Security Trust Fund.
(2) The Congress and the President should enact a law which
creates a regimen for paying off the Federal debt within 30
years.
(b) Sense of Congress Regarding President's Submission to
Congress.--It is the sense of Congress that:
(1) The President's annual budget submission to Congress
should include a plan for repayment of Federal debt beyond the
year 2002, including the money borrowed from the Social
Security Trust Fund.
(2) The plan should specifically explain how the President
would cap spending growth at a level one percentage point lower
than projected growth in revenues.
(3) If spending growth were held to a level one percentage
point lower than projected growth in revenues, then the Federal
debt could be repaid within 30 years.
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