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(1)

100TH CoNGRESS

2d Session HOUSE OF REPRESENTA REPORT

100-658

CONCURRENT RESOLUTION ON 1'HE BUDGET FISCAL

YEAR 1989

MAY 26, 1988.--<>rdered to be printed

Mr. GRAY of Pennsylvania, from the cornrnittee of conference, subrnitted the following

CONFERENCE REPORT

[To accompany H. Con. Res. 268]

The co1nrnittee of conference on the · · votes of the two Houses on the arnendment of the Senate to the concurrent resolu- tion (H. Con. Res. 268) setting forth the congressional budget for

the United States Government for the fiscal years 1989, 1990, and

1991, having met, after full and free conference, have agt·eed to rec- otnrnend and do recommend to their respective Houses as follows:

That the House recede from its disagreement to the a1nendment of the Senate and agree to the sarne with an a1nendment as fol-

lows:

In lieu of the matter proposed to be inserted · by the Senate a1nendment insert the following:

That the budget for fiscal year 1989 is established, and the a 'Pro- priate budgetary levels for fiscal years 1990 and 1991 are here set

forth.

MAXIMUM DEFICIT AMOUNTS

SEc. 2. The following levels and amounts in this section are set forth for purposes o dete11nini , in accordance with section 301(i) of the Co iona Budget a Impoundment Control Act of 197

4,

as amended by the Balanced Budget and Emergency Deficit Control Act o 1985, whether the maximum defreit amount for a fJ,Scal year

has en exceeded, and as set forth in this concurrent resolution, shall

be

considered to be mathematically consistent with the other

amounts and levels set forth in this concu11-ent resolution:

(1) The recommended levels of Federal revenues are as fol- lows:

19-006

Fiscal year 1989: $9GJ,,.f,OO, 000, 000.

Fiscal year 1990: $1,01,2,900,000,000.

'

(2)

. ca.l ar 1,991: 11 . ~ooo 000 000.

t

Th approp~r~at. le, el of tota ,l ne~w bu~dge,t. aut.horz~t a:re as

foll~~w: _

Fiscal

,ear

J,9' 9: -Jl I 1 700 000 ~000.

Fisca.l )'ear 1~990: 1 05~00 ~000 ~000.

Fisc,al )'ear J/},91: $1, 89,500

oo_o

000.

(c ~ The appropriat~ el~ of total bud,get ~outlays are ~as fo .l-

lows:

Fiscal ye,ar 1989: $1 099, 700 000 000.

Fiscal year J,fJ90: $1 160, 100. 000, 000.

Fiscal j'ear 1991: $1,218, ~900,000,000.

(/;) The am.ounts of the ~deficits are ~as fol ,lows:

Fiscal yea.r 1989: $195,900,000,000.

Fiscal year 1990: $11 7,200,000,000 . . Fiscal year 1991.: .$95,900,000,000.

RECOMMENDED LEVELS AND AMOUNTS

SE-c. 9. (a} The followi budgetary levels are ap · ropriate for the fiscal j!ears beginning on tober 1, 1988, October , 1989, and Octo- ber 1, 1990:

(1) The recommended levels of Federal revenues are as fol-

lows:

.Fiscal year 1989: $705,900,000,000.

Fiscal year .1990: $760,450,000,000.

Fiscal year .1991: $817,000,000,000.

and the ~amounts by which the gate levels .of Federal reue-

. nzJ.eS should be reduced are as fol ows:

Fiscal year .1989: $350,000,000.

Fiscal year 1990: $500,000,000.

Fiscal year 1991: .$500,000,000. .

and the amounts for Federal Insurance Contributions Act reve- .nues for hospital insurance within the recommended levels of

Federal revenues are as follows:

Fiscal year 1989: $63,400,000,000.

Fiscal year 1990: .$68,150,000,000.

Fiscal year 1991: $73,400,000,000.

(2) The appropriate levels of total new budget authority are as fo .llows:

Fiscal year 1989: $973,200,000, ·000.

Fiscal year 1990: $1,022,900,000,000.

Fiscal year 1991: $1,083,400,000,000.

(3) The appropriate levels of total budget outlays are as fol- ,

lows:

Fiscal year 1989: ,$885,800,000,000.

Fiscal year 1990: $934:, .900,000,000.

Fiscal year 1.991: $981,500,000,000.

(4)

T1u;

amounts o the def1£its are as follows:

Fisc~al year 1 89: ,$179,900,000,000.

Fiscal year 1990: ,$174,450,000,000.

Fiscal year 1991: $164,,500,000,000.

(5) The aJJ. ropriate levels of

the

public debt are as follows:

Fisca year 1989: $2,824,700,000,000.

Fiscal year 1990: $3,066,900,000,000.

(3)

3

Fiscal year 1991: $3,293,900,000,000.

(6) The appropriate levels of total Federal credit activity for the fiscal years beginning on October 1, 1988, October 1, 1989,

and October 1, 1990, are as follows:

Fiscal year 1989:

(A) New direct loan obligations, $28,300,000,000.

(B) New primary · loan guarantee commitments,

$110,950,000,000.

(C) New secondary loan guarantee commitments,

$93, 050, 000, 000.

Fiscal year 1990:

(A) New direct loan obligations, $27, 000,000, 000.

(B) New primary loan guarantee commitments,

$122, 700, 000, 000.

(C) New secondary loan guarantee commitments,

$96,9oo,ooo,ooa ·

Fiscal year 1991:

(A) New direct loan obligations, $26,700,000,000.

(B) New rimary loan guarantee commitments,

$13~2oo,ooo, oa . 1

(C) New secondary loan guarantee commitments,

$100,800, 000, 000.

(b) The Congress hereby determines and declares the appropriate levels of budget authority and budget outlays, and the appropriate levels of new direct loan obl. ations, new primary loan guarantee commitments, and new seco ary loan guarantee commitments for fiscal years 1989 through 1991 for each major functional category are:

(1) National Defense (050):

Fiscal year 1989:

(A) New bud et authority, $299,500,000,000.

(B) Outlays, ~94, 000, 000,000. .

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments, $0.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1990:

(A) New b . et authority, $312,900,000,000.

(B) Outlays, ~04, 600, 000, 000.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments, $0.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New b et authority, $325, 600,000, 000.

(B) Outlays, ~16,600,000,000.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments, $0.

(E) New seconda loan guarantee commitments, $0.

(2) International A airs ( 50):

Fiscal year 19 9:

(A) New bu et authority, $16, 600, 000, 000.

(B) Outlays, 16,200,000,000.

(C) New direct loan obligations, $5,950,000,000.

(D) New primary loan guarantee commitments,

$9,550,000,000.

(4)

w ·o"""ond.ar)' l n ,gu nant

00

000 000.

Fi l ar 1990:

ommitmen ·

~ ~ ~ · w

b t authorit , 17.

G100

000 000.

Out.ln~ ~ 16~

1 000

~000 000.

~

? New

I

irec , t loan

~obl. ~a,~tio~ns I

G 050 000 000.

Ne~w . rimllry

loan guarantee

commitm£nts ' 9 900000 00 .

(E)

Ne , w

seoo~nda7j'

loa. n

guaran.tee commitments

~

00 000 000.

Fiscal year 1991:

(A)

New

b ~ ~

et

authorit~ $17,500,000

000.

(B) O,utla}'S

15 900 000,000.

fC) New direct loan

obligations

$6.150 000

000.

(D) New - rimary loan gu,arantee committnents

$10

t/00, , 000,0

0.

(E) New secondary loan guarantee commitments,

$250

000,000.

~9) GeMral Science, Space, and

Technology (250):

Fiscal year 1989:

(A)

New b . . ,

et authority,

, $J9, 000,000,000.

{B)

Outlays,

I

12,600,000,000.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments,

$0

(E) New secondary loan guarantee commitments, ~$0.

Fiscal year 1990:

(A) New

b .

et authority, $19,500,000,000.

(B)

Outlays, ·

13,500, 000, 000.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments, $0.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New bu , et authority, $1/,.,000,000,000.

(B) Outlays, I 19,900,000,000.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitrru!nts, $0.

(E) New secondary loan guarantee commitments, $0.

(.f)

Energy (270):

Fiscal year 1, 989:

(A) New bu . et authority, $4,800,000,000.

(B) Outlays, ~,400,000,000.

(C) New direct loan obligations, $2,000,000,000.

(D) New primary loan guarantee commitments)

$50, 000, 000.

~(E) New secondary loan guarantee commitments, $0.

Fisca~l

, year

1990:

(A) New b . · et

authority,

$5,200,000,000.

~(B) Outlays, ~,100,000,000.

(C) New

direct loan obligations, $2,100,000,000.

(D) Ne,w primary loan guarantee commitments,

$50, 000, 000.

~) New secondary loan guarantee commi ments, $0.

Fiscal ye.ar 1991:

(A) New b et

authority,

$5,000,000,000.

(5)

5

(B) Outlays,

$3,500,000,000.

(C) New direct loan obligations,

$2,250,000,000.

(D) New primary loan guarantee commitments,

$50,000,000.

(E) New secondary loan guarantee commitments,

$0.

(5)

Natural Resources and Environment

(300):

Fiscal year

1989:

(A) New bu et authority,

$15,800,000,000.

(B) Outlays,

16,300,000,000.

(C) New direct loan obligations,

$50,000,000.

(D) New primary loan guarantee commitments,

$0.

(E) New secondary loan guarantee commitments,

$0.

Fiscal year

1990:

(A) New b et authority,

$16,500,000,000.

(B) Outlays,

17,000,000, 000.

(C) New direct loan obligations,

$50,000,000.

(D) New primary loan guarantee commitments,

$0.

(E) New secondary loan guarantee commitments,

$0.

Fiscal year

1991:

(A) New bu et authority,

$17,200,000,000.

(B) Outlays,

17,300,000,000.

(C) New direct loan obligations,

$50, 000,000.

(D) New primary loan guarantee commitments,

$0.

(E) New secondary loan guarantee commitments,

$0.

(G)

Agriculture

(350):

Fiscal year

1989:

. (A) New bu et authority,

$25,500,000,000.

(B) Outlays, ~1,GOO,OOO,OOO.

(C) New direct loan obligations,

$15,550,000,000.

(D) New primary loan guarantee commitments,

$6, 700, 000, 000.

(E) New secondary loan guarantee commitments,

$0.

Fiscal year

1990:

(A) New bu et authority,

$21,.,300,000,000.

(B) Outlays, ~1,000,000,000.

(C) New direct loan obligations,

$14,100,000,000.

(D) New primary loan guarantee commitments,

$6, 800, 000,000.

(E) New secondary loan guarantee commitments,

$0.

Fiscal year

1991:

(A) New b et authority,

$21,1,.00,000,000.

(B) Outlays,

19,100,000,000.

(C) New direct loan obligations,

$13,500,000,000.

(D) New primary loan guarantee commitments,

$6,850,000,000.

(E) New secondary loan guarantee commitments,

$0.

(7)

Commerce and Housing Credit

(370):

Fiscal year

1989:

(A) New bu et authority,

$13, GOO, 000,000.

(B) Outlays,

9,300,000,000.

(C) New direct loan obligations,

$2,700,000,000.

(D) New primary loan guarantee commitments,

$GJ,., 050,000,000.

(6)

, ... U

w e ondary• l a n guara n t e I om m itmeT~tt~,... 9 50 000 000.

Fi~ c l ar 199~0:

(A. New bud et ~a u th orit_ ' I --15 400 000 000 .

...,~ O~u

tin ,

-~8. 4 00 ~000 000.

~ ~ ~ w d~itY!ct l a n. b l~i ations 750 000 00~0.

(D) New . r~l:111~ry l,oan gua rant~~e com.mitment. - 67' 050.

oo . o o ,

0.

~ New secondnry loan guaro .. n tee commit.n1 nt 98 700 000 000.

Fiscal )'~ear 1.991: _

(AJ New bud .et au thor,it}' $9 IJ. ~oo ~ooo 000.

(B) Ou.tla)'S

3 90, 0 , 000

~000. _

(C) New direct loan o bligatio~ns ~$2 900, 000, 000.

{D)

New p r i m . ary loa n gua ran tee

commitment ~

I 79 ~80(1 000. 000.

~(E) New second ary loan g uarantee commitmen ts

I JJ

00,550 , 00()

000.

(8)

Transpo rtati on

(1; . 00):

Fisca l ,year 1~989:

(A) New b et authority, $28, 600, 000, 000.

(B)

Ou t lay s ,

~7, 900,000, 000.

fC) Ne w direct loan obligations, $50, 000, 000.

(D) Ne w primary loan guarantee commitments,

$ 0.

(E) New secondary loan guarantee commitments, $0.

Fiscal j 1ear 1990: J

(A) N ew ,bud et authority, $29,100,000, 000.

(B) Outlays, ~8, 500, 000,000.

(C) N ew direct loan obligations, $50,000, 000.

(D) New primary loan guarantee commitments, $0.

(E) 1\tew secondary loan guarantee commitments,

$ 0.

Fiscal year 1991:

(A) New bu et authority, $29,900,000,000.

(B) Outlays, 29,400,000,000.

(C) New direct loan obligations, $50,000,000.

(D) New primary loan guarantee commitments, $0.

(E) New secondary loan guarantee commitments, $0.

(9) Community and Regional Development (450):

Fiscal year 1989:

(A ) New b et authority, $7,300,000,000.

(B) Outlays, 6, 600,000,000.

(C) New direct loan obligations, $1,000,000,000.

(I)) New primary loan guarantee commitments,

$250 000, 000.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1990:

(A) New bud et authority, $7,100,000,000.

(B) Outlays, 6,900,000,000.

(C) New direct loan obligations, $1,050,000,000.

(D) New primary loan guarantee commitments,

$300, 000, 000.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New b et authority, $7,300,000,000.

(7)

7

(B) Outlays, $6,500,000,000.

(C) New direct loan obligations, $1,100,000,000.

(D) New primary loan guarantee commitments,

$300, 000, 000.

(E) New secondary loan guarantee commitments, $0.

(1 0) Education, Training, Employment, and Social Services (500):

Fiscal year 1989:

(A) New bud et authority, $37,200,000,000.

(B) Outlays, il5,400, 000,000.

(C) New direct loan obligations, $50,000,000.

(D) New primary loan guarantee commitments,

$1 0,4,00, 000,000.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1990:

(A) New bud et authority, $38,600,000,000.

(B) Outlays, i17,500,000,000.

(C) New direct loan obligations, $50,000,000.

(D) New primary loan guarantee commitments,

$10, 800, 000, 000.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New b et authority, $39,500,000,000.

(B) Outlays, il8,500,000,000.

(C) New direct loan obligations, $50,000,000.

(D) New primary loan guarantee commitments,

$10, 800, 000, 000.

(E) New secondary loan guarantee commitments, $0.

(11) Health (550):

Fiscal year 1989:

(A) New bu et authority, $49,800,000,000.

(B) Outlays, 48,900,000,000.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments,

$350, 000, 000.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1990:

(A) New bud et authority, $54,300,000,000.

(B) Outlays, 54,,100,000,000.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments,

$350,000,000.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New bu et authority, $59,400,000,000.

(B) Outlays, 58,600,000,000.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments,

$400,000,000.

(E) New secondary loan guarantee comrnitments, $0.

(12) Medicare (570):

Fiscal year 1989:

(A) New bu et authority, $103, 700,000,000.

(B) Outlays, 86,900,000,000.

(8)

~ ~ e,w

diro

t. loan

o , bli

a,~tio,n .

· ,ew primn, J loan guarantee , ~,mmitr1tents, 0.

(E . e,w e on ,a.ry loan guarantee commitmen,ts 0.

Fis a ,l ,ea.r 1990:

(A) New bu _ et a. uthorit~ 11 00 000 000.

(B) Ou.tla 97.500.000 000.

rC)

New

, direct

loan obligations- $0.

(D)

New

pri7.,Ulry

l.oa. n gua, rantee

commit·ments

$0 .

(E) New secondary loan guarantee commitments $0.

Fiscal )~ear 1991.: .

(A)

New bud .· et authority, $124 1~00

000 000.

(B) ~ou,tlays )1 08,400~ 000 000.

(C) New direct loan obligations~

$0 .

(D. New primary loan guarante~e

commitments, $0.

(E) New secondary l.oan guarantee ~commitments, $0.

(19) Income Security (600):

Fiscal year 1989:

(A) New

b

et

authority,

$176,500,000,000 .

(B) Outlays,

J , 88,100,000 000.

(C)

New

direct loan

obligations,

$0.

(D) New primary

loan

guarantee commit71U!nts1

$0.

· (E) New secondary

loan

guarantee commit11Unt81

$0 .

Fiscal year

1990.:

(A) New bu et authority,

$181,400,000,000.

(B) Outlays,

145,300,000,000.

(C)

New direct loan obligations,

$0.

{D) New primary

loan

guarantee commitments,

$0.

(E) New secondary loan guarantee commitments,

$0.

Fiscal year

1991:

(A New bu et authority,

$219,300,000,000.

(B) Outlays,

152,400,00(),000.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments,

$0.

(8) New secondary loan guarantee commitTTU!nts,

$0.

(14)

Social Security

(650):

Fiscal year

1989:

(A)

New b et authority,

$5,900,000,000.

(B) Outlays, .'

5,300,000,000.

(C)

New direct loan obligations,

$0.

(D) New primary loan guarantee commitments,

$0.

(E) New secondary loan guarantee commitments,

$0.

Fiscal year

1990:

(A)

New

b

et authority,

$5,400,000,000.

(B) Outlays, .

5,400, 000,000.

(C)

New direct loan obligations,

$0.

(D) New primary loan guarantee commitTTU!nts, $0.

($) New secondary

loan

guarantee commitments,

$0.

Fiscal

year

1991:

(A)

New

bu

et authority,

$4,300,000,000.

(B) Outlays,

4,300,000,000.

(C)

New direct loan obligations)

$0.

(D) New primary loan guarantee commitments, $0.

1(E) New secondary Wan guarantee commitments, $0.

(15)

Veterans

Benefits

and Services

(700):

(9)

9

Fiscal year 1989:

(A) New b et authority, $28,800,000,000.

(B)

Outlays,

~8,400,000,000.

(C) New direct loan obligations, $950,000,000.

(D)

New rimary loan guarantee commitments,

$19,GOO,OOO,O 0.

(E)

New secondary loan guarantee commitments, $0.

Fiscal year 1990:

(A) New b et authority, $31,000,000,000.

(B)

Outlays, 30, 000, 000, 000.

(C) New direct loan obligations, $800, 000, 000.

(D)

Neu' rimary loan guarantee commitments,

$27,450, 000, 0 0.

(E)

New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New bu et authority, $31,500,000,000.

(B)

Outlays,

~0,

GOO, 000, 000.

(C) New direct loan obligations, $G50, 000, 000.

(D)

New rimary loan guarantee commitments,

$29, 700, OIJO, 0 0.

(E)

New secondary loan guarantee commitments, $0.

(1 G) Administration of Justice (750):

Fiscal year 1989:

(A) New bu et authority, $8,900,000,000.

(B)

Outlays, 8,700,000,000 .

(C) New direct loan obligations, $0. .

(D)

New primary loan guarantee commitments, $0.

(E)

New secondary loan guarantee commitments, $0.

Fiscal year 1990:

(A) New bu et authority, $9,200,000,000.

(B)

Outlays, 9,100,000,000.

(C) New direct loan obligations, $0. .

(D)

New primary loan guarantee commitments, $0.

(E)

New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New b et authority, $10,400, 000, 000.

(B)

Outlays, 10,300,000,000.

(C) New direct loan obligations, $0.

(D)

New primary loan guq,rantee commitments, $0.

(E)

New secondary loan guarantee commitments, $0.

(17) General Government (800):

Fiscal year 1989:

(A) New b et authority, $9,500,000,000.

(B)

Outlays, 9,400, 000, 000.

(C) New direct loan obligations, $0.

(D)

New primary loan guarantee commitments, $0.

(E)

New secondary loan guarantee commitments, $0.

Fiscal year 1990:

(A) New b et authority, $10,100,000,000.

(B)

Outlays, 10,200,000,000.

(C) New direct loan obligations, $0.

(D)

New primary loan guarantee commitments, $0.

(E)

New secondary loan guarantee commitments, $0.

Fiscal year 1991: ·

(10)

e,w b . :.A;:,-....... ,. a.uth rit ~ 1 ~0 500 000 000 . Outla ' 10 · 100 000 000.

~ ~ NelJJ

dire

t. loan obli ati~ns 0.

(D. New primary' loa.n guaran ~t e o.mr11itm n,l ' 0.

(E) New e, ondary, loan guaron. t~e om.nz ,it.ments (19 N t lnl rest '900):

Ft al 1ear 1989~·

(AjNe ,w bud e.t au,thorit, , 161700000000.

(B) Outlai}'S 161 700 00 000.

(C) New direct .loa.n obl,igations $0.

(D) New pri11Wry loa.n guarant£e commit~nts $0.

(E) New secondary loan guarantee con1n1z.tm£nts, $0.

Fiscal year 1990:

(A) New bud et aut·horit , $171 700 000,000.

(B) Outla)lS 171 700,00 000 .

(C) New direct loan obligations, $0.

(D) New primary loan guarantee comm.itm£.'tts $0.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New bud et authority, $177,000,000,000.

(B) O.utlays , 177. 000,000,000.

(C) New direct loan obligations, $0. .

(D) New primary loan guarantee commitments, $0.

(E) New secondary loan guarantee commitments $0.

(20) Allowances (920):

Fiscal year 1989:

(A) New bud et authority, $0.

(B) Outlays 0.

(C) New direct loan obligations, $0 .

(D. New primary loan guarantee commitments, $0.

(8) New secondary loan guarantee commitments, $0.

Fiscal ear 1990: ·

(A New bu et authority, $0.

(B) Outlays, 0.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments, $0.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New bud et authority, $0.

(B) Outlays, 0.

(C) New direct loan obligations, $0.

(D) New primary loan guarantee commitments, $0.

(E) New secondary loan guarantee commitments, $0.

(21) Undistributed Offsetting Receipts (950):

Fiscal year 1989:

(A) New budget authority, $32,900,000,000.

(B) Outlays, $45,900, ~000, 000.

(C) New direct loan obligations, $0.

(D) New pr,imary loan ,guarantee commitments, $0.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1990: .

(A) New budget authority, $33, 600,000,000.

(B) Outlays, $45,900,000,000.

(C) New direct loan obligations, $0.

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11

(D) New primary loan guarantee commitments, $0.

(E) New secondary loan guarantee commitments, $0.

Fiscal year 1991:

(A) New budget authority, $33,900,000,000.

(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.

SALE OF GOVERNMENT ASSETS

SEc. 4. (a) 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) For purposes of allocations and points of order under section 302 of the Congressional Budget and Im undment Control Act of 197 4, the amounts realized from asset sa s or prepayments of loans shall not be allocated to the committee and shall not be scored with

respect to the level of budget authority or outlays under a commit- tees allocation under section 302 of such Act.

(c) For purposes of this section-

(1) the terms uasset sale" and up repayment of a loan " shall have the same meaning as under section 257(12) of the Bal- anced Budget and Emergency Deficit Control Act of 1985 (as amended by the Balanced Budget and Emergency Deficit Con-

trol Reaffirmation Act of 1987); 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 .

FUNDING FOR THE WELFARE REFORM AND CATASTROPHIC INSURANCE INITIATIVES

SEc. 5. (a) In the Senate, budget authority and outlays for fiscal year 1988 or 1989 (or both) may be allocated to the Senate Commit-

tee on Finance to provide for the welfare refo11n and medicare cata- strophic health insurance initiatives, and the egates for fiscal years 1989, 1990, and 1991 in sections 2 and 3oft is resolution may

be adjusted accordingly, when the Committee on Finance, the com- mittee of conference on the welfare reform initiative, or the commit- tee of conference on the catastrophic insurance initiative reports leg- islation that will, if enacted, make funds available for such initia- tive and ensure, to the extent that such costs are not included in this resolution, that such legislation will not increase the deficit in this resolution for fiscal year 1988 or for fiscal year 1989, and will not increase the total deficit for the period of fiscal years 1988

through 1991.

(b) Upon the re orting of legislation pursuant to subsection (a), the chairman oft . Committee on the Budget of the Senate may file with the Senate appropriately revised allocations under section 302(a) of the Congressional Budget Act of 1974 and revised function- al levels and gates to carry out this section. Such revised allo-

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1 at.ion func~tion l ll! · els and a f.' , h l,l be cons~i red for th

purp of ~uch Act ~as ~al,loca ~tJ~,ns functional l e~ls ~and a _ , -

.. ,at - ont in d in ~h. ·J olutz:On, and the Com.mittee on. Finane

I h ll report. revij I d alloca,tion pursuan,t, t'O section. 0 (b) of such Act for the approprint,e fi cal )'ear Cor. ears) ,to I arry ~o~u.t ~thi section.

FU 'Dl. ·. 1G FOR NT:lr-DRUG INITIATIVE

' E . G. (a) B , e,t auth.ori(, , and outlay 1:n ~anwu,nts not to ~exc-eed

th amourtts spectfied ,i,n s,ubsec,tion (aX2

majl

be allocated to

t ' ke

~ap­

p~ ~riat;e co,m,mittees of th£ House of Representatives and the Senate to provide for an. antr:-dru.g

, ini , tiat , i

el and the a ,gates for (ZBca,l . ,ar 198~9 in this resoluti~on may be ,adjusted acco· i lj1 ,when--

(1) th£ ~appropria,te committees of the Hou:se of . resenta~tives

or the Senate ha,ue re · orte,d ~gisla,tion that wil if ~enacted make funds available . or such initiative;· and _

(2) the Pres~ident and the Congres - agree through. ,the normal

legisla,tiue process ,that a ufficie,ntly dire state of eme,rgency exists to J·usti ·· specified spending levels ~different from those spec,ified in t summit agreement between . the President and

the

,joint !~aden; hip of Co - s (and carried out in this resolu-

tion) that ,do not increase the deficit for fiscal year 1989, 1990, or 1991 above the levels set forth in this resolution ... Provided,

That suc,h agreed upon amounts for fundi the anti-drug initi- ative for {is , cal year 1989 shall not exce,ed · 2, 600,000,000 of new

budget authority and $1 400,000, 000 of outlays.

(b) Upon the re rting of legislation · ursuant to subsection (a), he chairmen of t . Committees on the · ud et of the House of Rep-

resentatives and Senate may file with the ouse of Representatives and the Senate, respectively, appropriately revised allocations under section 902(a) o the Co sional Budget Act of 1974 and revised functional kve and ates to carry out this section. Such re-

vised allocatio7l;S, functiona levels, and gates shall be consid-

~ered for the purposes of such Act as allocations, unctional levels,

and . gates contained in this resolution, and t Committees on Appropriations of the ,House of Representatives and the Senate shall

report revised allocations pursuant to section 302(b) of such Act for

fiscal year 1,989 to carry out this section.

SENSE OF CONGRESS REGARDING ANTI-DRUG PROGRAMS

SEc. 7. It is the sense of the Co s that antinarcotics activities, including law enforcement, drug interdiction, drug treatment, and substance abuse education, are vital to the Nations future and should be amo the top funding priorities in the (l.Scal year 1989

,

budget. All aut orizing and Appropriations Committees and sub- committees are ,ur. ed to examine programs within their jurisdic-

tions to enhance t ir participation in the anti-drug effort and to give to priority to ,this effort in allocating their share of the funds

availa le under this budget resolution.

SENSE OF CONGRESS REGARDING COAST GUARD DRUG INTERDICTION

SEc. 8. (a) The Co finds that-

(1) the war against dntgS

is

an ongoing effort that must be

continually waged and that every effort

to

interdict the flow of

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13

illegal substances into the United States should be pursued;

and

(2) one of the most important lines of defPnse against the im- portation of illegal drugs into the United States is the Coast

Guard, but because of its limited resources, the Coast Guard

is

unable to devote sufficient manpower and materials to carry out the war against drugs.

(b) [t• is the sense of the Congress that the authorizing committees of jurisdiction sh.ould consider whether

it

is appropriate to enact legislation providing that the private sector should be more fully utilized to perform nonem.ergency, nonessential Coast Guard func- tions, such as nonemergency towing, thereb .. Y allowing the Coast Guard to devote more resources to law enforcement, military readi- ness, and emergency search and rescue functions.

SENSE OF CONGRESl; REGARDING FEDERAL TRUST FUNDS

SEc. 9. (a) The Congress finds that-

(1) under current law, neither the Senate nor the House may consider reductions in social security as part of a bu.dget recon- ciliation bill or resolution pursuant to the Balanced Budget and Emergency Deficit Control Act of 1985;

(2) current law requires a balanced budget by fiscal year 1993, but includes the projected social security surpluses as offsetting deficits; and

(3) current law requires the budget resolution to display budget authority, outlays, revenues, and the deficit excluding social security, in the aggregate and by function.

(b) It

is

the sense of the Congress that the National Economic Commission should-

(1) study the budgetary treatment of social security, airport and highway, military retirement, civil service retirement, un- employment and other trust funds and self-supporting public enterprise funds including Postal Service, Federal Deposit In- surance Corporation, Comptroller of the Currency, National Credit Union Administration, Federal Home Loan Bank Board, Federal Savings and Loan Insurance Corporation, and Securi-

ties and Exchange Commission;

(2) analyze the economic, budgetary, and programmatic effects of taking these funds off-budget;

(3) consider the effects of setting trust fund surpluses aside as additional savings, including effects on the national savings rate, investment, and economic growth, as well as on program beneficiaries;

(#) include in its final report a recommendation on the budg- etary treatment of these funds; and

(5) report on the means to achieve a balance in the remaining budget and on the economic effects of a unified budget surplus.

And the Senate agt·ee to the sarne.

WI H. GRAY III,

H.Rept. 100-658 - 88 - 2

THoMAS S. FoLEY,

MIKE LoWRY, PAT WILLIAMS, MARTIN FROST,

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R K ...

,....,..

II.,L I.

] K AJ. - I '

.. ' . T ' - A Marza ers on t..h

LA .

HJL

JlM I A ER

...., '-""" .. ' Rl

GLE,

J.J·. Exo ~ .

,

FRANK R. LAUTENBER ,

PETE V .. DoM ~ -Nl 1,

RunY

Bo

cH . 1TZ

CHUCK GRASSLEY,

Managers on the Pa,rt of th

Sen. ate .

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JOINT EXPLANATORY STATEMENT OF THE COM .A..A CONFERENCE

EEOF

The managers on the part of the House and the Senate at the conference on the disagt·eeing votes of the two Houses on the amendment of the Senate to the concurrent resolution (H. Con.

Res. 268) setting forth the congressional budget for the United States Government for the fiscal years 1989, 1990, and 1991, submit the following joint statement to the House and the Senate in expla- nation of the effect of the action eed upon by the managers and recommended in the accompanying conference report:

EXPLANATION OF CONFERENCE AGREEMENT

The following tables show the functional allocations and budget aggregates included in the conference agreement. The fiscal year

1989 colutnns show the budget aggregates and functional alloca- tions for the budget resolution for fiScal year 1989. The columns for fiScal year 1990 and fiScal year 1991 show budget aggregates and functional allocations which the conferees consider appropriate for those years.

Conference agreement Fiscal year 1989:

Budget authority ... .

<:>utla){l' ..................................... .

~~"E!Il\lE!el ................ . ][)~fic:it ....................... . ][)ebt subject to limit .................... . Fiscal year 1990:

Budget authority .................. .

<:>utlays ............... .

~"~11\l~f) ·························

][)E!flic:it ... ..................................... . ][)ebt subject to limit .................. . Fiscal year 1991:

l:Sllclget fllltll<>Jrit;Jr .......................... .

c:>lltlaJfEJ .................................. .

~"~llll~~ ................ . ][)~fic:it ...... . ][)ebt e;ubject t<> limit ... .

CONFERENCE AGREEMENT BY FUNCTION

(In billions of dollars]

050 National Defense:

Elllcl~et atJtttorit)r ......... . {)tJtla)r.S ...... . 150 International Affairs:

Elllcl~et atJthorit)r ....... . ()urtla)r.S ......... .

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1989

$299.50 294.00 16.60 16.20

1990

$312.90 304.60 17.60 16.00

Balions

$1,231.70 1,099.70 964.40 135.30 2,824.70 1,305.40 1,160.10 1,042.90 117.20 3,066.90 1,389.50 1,218.30 1,123.00 95.30 3,293.90

1991

$325.60 316.60 17.50 15.90

Referensi

Dokumen terkait

Anthony amendment, proposing an amendment to the Constitution of the United States extending the right of suf- frage to women: Resolved by the Senate and House of Representatives of