Page:United States Statutes at Large Volume 105 Part 3.djvu/545

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

CONCURRENT RESOLUTIONS—MAY 21, 1991 105 STAT. 2429 (A) New budget authority,- $34,500,000,000. » (B) Outlays,- $34,500,000,000. (C) New direct loan obligations, $0. (D) New primary loan guarantee commitments, $0. (E) New secondary loan guarantee commitments, $0. Fiscal year 1996: (A) New budget authority, - $35,000,000,000. (B) Outlays,- $35,000,000,000. (C) New direct loan obligations, $0. (D) New primary loan guarantee commitments, $0. (E) New secondary loan guarantee commitments, $0. SEC. 7. SALE OF GOVERNMENT ASSETS. (a) SENSE OF THE CONGRESS. — It is the sense of the Congress that— (1) from time to time the United States Government should sell assets to nongovernment buyers; and (2) the amounts realized from such asset sales will not recur on an annual basis and do not reduce the demand for credit. (b) BUDGETARY TREATMENT.— For purposes of allocations and points of order under sections 302, 311, 601, 602, and 605 of the Congressional Budget and Impoundment Control Act of 1974, the amounts realized from asset sales or prepayments of loans shall not be allocated to a committee and shall not be scored with respect to the level of budget authority, outlays, or revenues under section 302, 311, 601, 602, 604, or 605 of that Act. (c) DEFINITIONS.— For purposes of this section— (1) the terms "asset sale" and "prepayment of a loan" shall have the same meaning as under section 250(c)(21) of the Balanced Budget and Emergency Deficit Control Act of 1985 (as amended by the Budget Enforcement Act of 1990); and (2) the terms "asset sale" and "prepayment of a loan" do not include asset sales mandated by law before September 18, 1987, and routine, ongoing asset sales and loan prepayments at levels consistent with agency operations in fiscal year 1986. SEC. 8. ACCOUNTING TREATMENT OF SOCIAL SECURITY REVENUES. (a) SENSE OF THE SENATE. —It is the sense of the Senate that the levels in section 5 of this concurrent resolution on the budget are consistent with the assumption that if the Congress adopts legislation to provide for a more gradual period of transition to the changes in benefit computation rules enacted in the Social Security amendments of 1977 as such changes apply to workers born in years after 1916 and before 1927 (and related beneficiaries), or any other legislation affecting these levels in section 5, that such legislation shall include other changes to Social Security outlays and revenues to ensure that the annual Social Security surpluses that accrue to the Social Security Trust Fund are not reduced. (b) ACCOUNTING TREATMENT. —Notwithstanding any other provision of this resolution, for the purpose of allocations and points of order under sections 302 and 311 of the Congressional Budget Act of 1974, the levels of Social Security outlays and revenues for this resolution shall be the baseline levels. (c) DEFINITIONS.— For purposes of this section— (1) the terms "Social Security revenues" and "Social Security outlays" shall have the same meaning as under title III of the Congressional Budget and Impoundment Control Act of 1974; and (2) no provision of any bill or resolution, or any amendment