Page:United States Statutes at Large Volume 109 Part 2.djvu/50

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109 STAT. 1022 CONCURRENT RESOLUTIONS-^JUNE 29, 1995 (1) DIRECT SPENDING.— Upon reporting of legislation pursuant to subsection (a)(1) and again upon submission of a conference report on such legislation, the chairman of the Committee on the Budget of the House or Senate (whichever is appropriate) may submit to that House revised allocations under sections 302(a) and 602(a) of the Congressional Budget Act of 1974 to carry out this section. Such revised allocations shall be considered for the purposes of the Congressional Budget Act of 1974 to be the allocations under this concurrent budget resolution. In the Senate, the revision shall reflect that amount of the direct spending savings estimated to result from such legislation to the extent they exceed the savings assumed in this concurrent resolution on the budget. (2) DISCRETIONARY SPENDING. —Upon reporting of legislation pursuant to subsection (a)(2) and again upon the submission of a conference report on such legislation, the chairman of the Committee on the Budget of the House or Senate (whichever is appropriate) may submit to that House revised allocations under sections 302(a) and 602(a) of the Congressional Budget Act of 1974 and revised discretionary spending limits. The revision shall reflect that amount of the new discretionary budget authority provided for the welfare program up to the level authorized in the legislation reported pursuant to subsection (a)(1), except that the budget authority and outlay revisions shall not exceed the adjustments made pursuant to paragraph (1) for that welfare program. Such revised allocations and discretionary spending limits shall be considered, for the purposes of the Congressional Budget Act of 1974, to be the allocations and spending limits under this concurrent resolution on the budget. (c) COMMITTEE ON APPROPRIATIONS. — The Committees on Appropriations may report appropriately revised suballocations pursuant to sections 302(b)(1) and 602(b)(1) of the Congressional Budget Act of 1974 following the revision of the allocations pursuant to subsection (b)(2), to carry out this section. SEC. 205. BUDGET SURPLUS ALLOWANCE. (a) CBO CERTIFICATION OF LEGISLATIVE SUBMISSIONS.— (1) SUBMISSION OF LEGISLATION.—Upon the submission of legislative recommendations pursuant to section 105(a) and prior to the submission of a conference report on legislation reported pursuant to section 105, the chairman of the Committee on the Budget of the Senate and the House of Representatives (as the case may be) shall submit such recommendations to the Congressional Budget Office. (2) BASIS OF ESTIMATES.— For the purposes of preparing an estimate pursuant to this subsection, the Congressional Budget Office shall include the budgetary impact of all legislation enacted to date, use the economic and technical assumptions underlying this resolution, and assume compliance with the total discretionary spending levels assumed in this resolution unless superseded by law. (3) ESTIMATE OF LEGISLATION.— The Congressional Budget Office shall provide an estimate to the Chairman of the Budget Committee of the Senate and the House of Representatives (as the case may be) and certify whether the legislative rec-