Page:United States Statutes at Large Volume 111 Part 1.djvu/703

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PUBLIC LAW 105-33 —AUG. 5, 1997 111 STAT. 679 SEC. 10104. AMENDMENT TO SECTION 300. (a) TIMETABLE. — The item relating to February 25 in the timetable set forth in section 300 of the Congressional Budget Act of 1974 is amended by striking "February 25" and inserting "Not 2 USC 631. later than 6 weeks after President submits budget". (b) CONFORMING AMENDMENTS. —(1) Clause 4(g) of rule X of the Rules of the House of Representatives is amended by striking "on or before February 25 of each year" and inserting "not later than 6 weeks after the President submits his budget". (2) Clause 3(c) of rule XLVIII of the Rules of the House of Representatives is amended by striking "On or before March 15 of each year" and inserting "Within 6 weeks after the President submits a budget under section 1105(a) of title 31, United States Code" and by striking "section 301(c)" and inserting "section 301(d)". SEC. 10105. AMENDMENTS TO SECTION 301. (a) TERMS OF BUDGET RESOLUTIONS.— Section 301(a) of the Congressional Budget Act of 1974 is amended by striking ", and 2 USC 632. planning levels for each of the two ensuing fiscal years," and inserting "and for at least each of the 4 ensuing fiscal years". (b) CONTENTS OF BUDGET RESOLUTIONS.—Paragraphs (1) and (4) of section 301(a) of the Congressional Budget Act of 1974 are amended by striking ", budget outlays, direct loan obligations, and primary loan guarantee commitments" each place it appears and inserting "and outlays". (c) ADDITIONAL MATTERS. —Section 301(b) of the Congressional Budget Act of 1974 is amended by— (1) striking paragraph (7) and inserting the following: "(7) set forth procedures in the Senate whereby committee allocations, aggregates, and other levels can be revised for legislation if that legislation would not increase the deficit, or would not increase the deficit when taken with other legislation enacted after the adoption of the resolution, for the first fiscal year or the total period of fiscal years covered by the resolution;"; (2) in paragraph 8, striking the period and inserting "; and"; and (3) adding the following new paragraph: "(9) set forth direct loan obligation and primary loan guarantee commitment levels.". (d) VIEWS AND ESTIMATES.— The first sentence of section 301(d) of the Congressional Budget Act of 1974 is amended by inserting "or at such time as may be requested by the Committee on the Budget," after "Code,". (e) HEARINGS AND REPORT. —Section 301(e) of the Congressional Budget Act of 1974 is amended— (1) by striking "In developing" and inserting the following: " (1) IN GENERAL.—In developing"; and (2) by striking the sentence beginning with 'The report accompanying" and all that follows through the end of the subsection and inserting the following: "(2) REQUIRED CONTENTS OF REPORT. —The report accompanying the resolution shall include— "(A) a comparison of the levels of total new budget authority, total outlays, total revenues, and the surplus or deficit for each fiscal year set forth in the resolution