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0:'balanced budget and emergency deficit control act of 1985. 2 us e 901 note. leon klinghoffer, as well as those', |
1:'countries and groups that aid and abet such terrorist activities, and take the strongest measures to ensure that those responsible', |
2:'for this brutal act against an american citizen are brought to justice. title ii—deficit reduction procedures sec. 200. short title', |
3:'and table of contents. a short title.—this title may be cited as the balanced budget and emergency deficit control act', |
4:'of 1985. b table of contents.— sec. 200. short title and table of contents. part a—congressional budget process subpart i—congressional', |
5:'budget sec. 201. congressional budget. subpart ii—amendments to title iv of the congressional budget act of 1974 sec. 211. new', |
6:'spending authority. sec. 212. credit authority. sec. 213. description by congressional budget office. sec. 214. general accounting office study; offbudget', |
7:'agencies; member user group. subpart iii—additional provisions to improve budget procedures sec. 221. congressional budget office. sec. 222. current services', |
8:'budget for congressional budget purposes. sec. 223. study of offbudget agencies. sec. 224. changes in functional categories. sec. 225. jurisdiction', |
9:'of committee on government operations. sec. 226. continuing study of congressional budget process. sec. 227. early election of committees of', |
10:'the house. sec. 228. rescissions and transfers in appropriation bills. subpart iv—technical and conforming amendments sec. 231. table of contents.', |
11:'sec. 232. additional technical and conforming amendments. part b—budget submitted by the president sec. 241. submission of presidents budget; maximum', |
12:'deficit amount may not be exceeded. sec. 242. supplemental budget estimates and changes. part c—emergency powers to eliminate deficits in', |
13:'excess of maximum deficit amount sec. 251. reporting of excess deficits. sec. 252. presidential order. sec. 253. compliance report by', |
14:'comptroller general. sec. 254. congressional action. sec. 255. exempt programs and activities. sec. 256. exceptions, limitations, and special rules. sec.', |
15:'257. definitions. part d—budgetary treatment of social security trust funds sec. 261. treatment of trust funds. part e—miscellaneous and related', |
16:'provisions sec. 271. waivers and suspensions; rulemaking powers. sec. 272. restoration of trust fund investments. sec. 273. revenue estimates. sec.', |
17:'274. judicial review. sec. 275. effective dates. public law 99177—dec. 12, 1985 99 stat. 1039 part a—congressional budget process subpart', |
18:'i—congressional budget sec. 201. congressional budget. a definitions.— 1section 3 of the congressional budget and impoundment 2 usc 622. control', |
19:'act of 1974 is amended by adding at the end thereof the following new paragraphs: 6 the term deficit means,', |
20:'with respect to any fiscal year, the amount by which total budget outlays for such fiscal year exceed total revenues', |
21:'for such fiscal year. in calculating the deficit for purposes of comparison with the maximum deficit amount under the balanced', |
22:'budget and emergency deficit control act of 1985 and in calculating the excess deficit for ante, p. 1038. purposes of', |
23:'sections 251 and 252 of such act notwithstanding post, pp. 1063, section 710a of the social security act, for any', |
24:'fiscal year, the 42 use 911 receipts of the federal oldage and survivors insurance trust fund and the federal disability', |
25:'insurance trust fund for such fiscal year and the taxes payable under sections 1401a, 3101a, and 3111a of the internal', |
26:'revenue code of 1954 during such 26 usc 1401, fiscal year shall be included in total revenues for such fiscal', |
27:'^^oi ^m year, and the disbursements of each such trust fund for such fiscal year shall be included in total', |
28:'budget outlays for such fiscal year. notwithstanding £my other provision of law except to the extent provided by section 710a', |
29:'of the social security act, the receipts, revenues, disbursements, budget authority, 42 use 9ii. and outlays of each offbudget federal', |
30:'entity for a fiscal year shall be included in total budget authority, total budget outlays, and total revenues and the', |
31:'amounts of budget authority and outlays set forth for each major functional category, for such fiscal year. amounts paid by', |
32:'the federal financing bank for the purchase of loans made or guaranteed by a department, agency, or instrumentality of the', |
33:'government of the united states shall be treated as outlays of such department, agency, or instrumentality. 7 the term maximum', |
34:'deficit amount means— a with respect to the fiscal year beginning october 1, 1985, $171,900,000,000; b with respect to the', |
35:'fiscal year beginning october 1, 1986, $144,000,000,000; c with respect to the fiscal year beginning october 1, 1987, $108,000,000,000; d', |
36:'with respect to the fiscal year beginning october 1, 1988, $72,000,000,000; e with respect to the fiscal year beginning october', |
37:'1, 1989, $36,000,000,000; and f with respect to the fiscal year beginning october 1, 1990, zero. 8 the term offbudget', |
38:'federal entity means any entity other than a privatelyowned governmentsponsored entity— a which is established by federal law, and b', |
39:'the receipts and disbursements of which are required by law to be excluded from the totals of— 99 stat. 1040', |
40:'public law 99177—dec. 12, 1985 i the budget of the united states government submitted by the president pursuant to section', |
41:'1105 of title 31, united states code, or ii the budget adopted by the congress pursuant to infra. title iii', |
42:'of this act. 9 the term entitlement authority means spending author post, p. 1056. ity described by section 401cx2xc. 10', |
43:'the term credit authority means authority to incur direct loan obligations or to incur primary loan guarantee commitments.. 2 use', |
44:'622. 2 paragraph 2 of section 3 of the congressional budget and impoundment control act of 1974 is amended by', |
45:'inserting before the comma the following: or to collect offsetting receipts.. qa congressional budget process.—title iii of the congressional budget', |
46:'act of 1974 is amended to read as follows: title m—congressional budget process timetable 2 us e 631. sec. 300.', |
47:'the timetable with respect to the congressional budget process for any fiscal year is as follows: on or before: action', |
48:'to be completed: president of u.s. first monday after january 3 president submits his budget. report. february 15 congressional budget', |
49:'office submits report to budget gdrnmittees. february 25 committees submit views and estimates to budget committees. report. april 1 senate', |
50:'budget committee reports concurrent resolution on the budget. april 15 congress completes action on concurrent resolution on the budget. may', |
51:'15 annual appropriation bills may be considered in the house. report. june 10 house appropriations committee reports last annual appropriation', |
52:'bill. june 15 congress completes action on reconciliation legislation. june 30 house completes action on annual appropriation bills. october 1', |
53:'fiscal year b^ins. annual adoption of concurrent resolution on the budget 2 us e 632. sec. 301. a content of', |
54:'concurrent resolution on the budget.—on or before april 15 of each year, the congress shall complete action on a concurrent', |
55:'resolution on the budget for the fiscal year beginning on october 1 of such year. the concurrent resolution shall set', |
56:'forth appropriate levels for the fiscal year beginning on october 1 of such year, and planning levels for each of', |
57:'the two ensuing fiscal years, for the following— 1 totals of new budget authority, budget outlays, direct loan obligations, and', |
58:'primary loan guarantee commitments; 2 total federal revenues and the amount, if any, by which the aggregate level of federal', |
59:'revenues should be increased or decreased by bills and resolutions to be reported by the appropriate committees; public law 99177—dec.', |
60:'12, 1985 99 stat. 1041 3 the surplus or deficit in the budget; 4 new budget authority, budget outlays, direct', |
61:'loan obligations, and primary loan guarantee commitments for each major functional category, based on allocations of the total levels set', |
62:'forth pursuant to paragraph 1; and 5 the public debt. b additional matters in concurrent resolution.—the concurrent resolution on the', |
63:'budget may— 1 set forth, if required by subsection f, the calendar year in which, in the opinion of the', |
64:'congress, the goals for reducing unemployment set forth in section 4b of the emplojmaent act of 1946 should be achieved;', |
65:'2 include reconciliation directives described in section 310; 3 require a procedure under which all or certain bills or resolutions', |
66:'providing new budget authority or new entitlement authority for such fiscal year shall not be enrolled until the congress has', |
67:'completed action on any reconciliation bill or reconciliation resolution or both required by such concurrent resolution to be reported in', |
68:'accordance with section 310b; and 4 set forth such other matters, and require such other procedures, relating to the budget,', |
69:'as may be appropriate to carry out the purposes of this act. c consideration of procedures or matters which have', |
70:'the effect of changing any rule of the house of representatives.— if the committee on the budget of the house', |
71:'of representatives reports any concurrent resolution on the budget which includes any procedure or matter which has the effect of', |
72:'changing any rule of the house of representatives, such concurrent resolution shall then be referred to the jommittee on rules', |
73:'with instructions to report it within five calendar days not counting any day on which the house is not in', |
74:'session. the committee on rules shall have jurisdiction to report any concurrent resolution referred to it under this paragraph with', |
75:'an amendment or amendments changing or striking out any such procedure or matter. d views and estimates of other committees.—on', |
76:'or before february 25 of each year, each committee of the house of representatives having legislative jurisdiction shall submit to', |
77:'the committee on the budget of the house and each committee of the senate having legislative jurisdiction shall submit to', |
78:'the committee on the budget of the senate its views and estimates as determined by the committee making such submission', |
79:'with respect to all matters set forth in subsections a and b which relate to matters within the jurisdiction or', |
80:'functions of such committee. the joint economic committee shall submit to the committees on the budget of both houses its', |
81:'recommendations as to the fiscal policy appropriate to the goals of the emplorment act of 1946. any other committee of', |
82:'the house of representatives or the senate may submit to the committee on the budget of its house, and any', |
83:'joint committee of the congress may submit to the committees on the budget of both houses, its views and estimates', |
84:'with respect to all matters set forth in subsections a and b which relate to matters within its jurisdiction or', |
85:'functions. e hearings and report.—in developing the concurrent resolution on the budget referred to in subsection a for each fiscal', |
86:'year, the committee on the budget of each house shall hold hearings and shall receive testimony from members of congress', |
87:'and such appropriate representatives of federal departments suid agencies, the 15 use 1022a. post, p. 1053. reports. report. 15 use', |
88:'1021 note. 99 stat. 1042 public law 99177—dec. 12, 1985 reports. report. taxes. state and local governments. post, p. 1044.', |
89:'15 use 1022a. president of u.s. report. general public, and national organizations as the committee deems desirable. each of the', |
90:'recommendations as to shortterm and mediumterm goals set forth in the report submitted by the mem bers of the joint', |
91:'economic committee under subsection d may be considered by the committee on the budget of each house as part of', |
92:'its consideration of such concurrent resolution, and its report may reflect its views thereon, including its views on how the', |
93:'estimates of revenues and levels of budget authority and outlays set forth in such concurrent resolution are designed to achieve', |
94:'any goals it is rec ommending. the report accompanying such concurrent resolution shall include, but not be limited to— 1', |
95:'a comparison of revenues estimated by the committee with those estimated in the budget submitted by the president; 2 a', |
96:'comparison of the appropriate levels of total budget outlays and total new budget authority, total direct loan obligations, total primary', |
97:'loan guarantee commitments, as set forth in such concurrent resolution, with those estimated or requested in the budget submitted by', |
98:'the president; 3 with respect to each major functional category, an estimate of budget outlays and an appropriate level of', |
99:'new budget authority for all proposed programs and for all existing programs including renewals thereof, with the estimate and level', |
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