Page:United States Statutes at Large Volume 114 Part 6.djvu/99

From Wikisource
Jump to: navigation, search
This page needs to be proofread.


CONCURRENT RESOLUTIONS—APR. 13, 2000 114 STAT. 3155 shall be required in the Senate to sustain an appeal of the ruling of the Chair on a point of order raised under this section. Subtitle B—Reserve Funds SEC. 211. MECHANISM FOR ADDITIONAL DEBT REDUCTION. (a) IN GENERAL.—I f any of the legislation described in subsection (b) is vetoed (or does not become law) or any legislation described in subsection (b)(1) or (b)(2) does not become law on or before October 1, 2000, then the chairman of the Committee on the Budget of the House or Senate, as applicable, may adjust the levels in this concurrent resolution as provided in subsection (c), (b) LEGISLATION. — Any adjustment pursuant to subsection (a) shall be made with respect to— (1) the reconciliation legislation required by section 103(a) or section 104; (2) the Medicare legislation provided for in section 214 or 215; or (3) any legislation which reduces revenues and is vetoed. (c) ADJUSTMENTS To BE MADE. —The adjustment pursuant to subsection (a) shall be— (1) with respect to the legislation required by section 103(a) or section 104, to decrease the balance displayed on the Senate's pay-as-you-go scorecard and increase the revenue aggregate by the amount set forth in section 103(a) or section 104 (as adjusted, if adjusted, pursuant to section 213) less the amount of any reduction in the current level of revenues which has occurred since the adoption of this concurrent resolution and to decrease the level of debt held by the public as set forth in section 101(6) by that same amount; (2) with respect to the legislation provided for in section 214 or section 215, to decrease the balance displayed on the Senate's pay-as -you-go scorecard by the amount set forth in section 214 or section 215 (less the amount of any change in the current level of spending or revenues attributable to section 215) and to decrease the level of debt held by the public as set forth in section 101(6) by that same amount and make the corresponding adjustments to the revenue and spending aggregates and allocations set forth in this resolution; or (3) with respect to the legislation described by subsection (b)(3), decrease the balance on the Senate's pay-as -you-go scorecard and increase the revenue aggregate for the cost of such legislation and decrease the level of debt held by the public as set forth in section 101(6) by that same amount. SEC. 212. RESERVE FUND FOR ADDITIONAL TAX RELIEF AND DEBT REDUCTION. Whenever the Committee on Ways and Means or the Committee on Finance reports any bill, or an amendment thereto is offered or a conference report thereon is submitted, that would cause the level by which Federal revenues should be reduced, as set forth in section 101(1)(B) for such fiscal year or for such period, as adjusted, to be exceeded, the chairman of the Committee on the Budget of the House or Senate, as applicable, may increase the levels by which Federal revenues should be reduced by the amount