DISCRETIONARY SPENDING LIMITS.

SEC. 14002. DISCRETIONARY SPENDING LIMITS. (a) Definition of “Discretionary Spending Limit”.— Section 601(a)(2) of the Congressional Budget Act of 1974 is amended— (1) in subparagraph (D) by striking the word “and”; and (2) by inserting after subparagraph (E) the following: “and “(F) with respect to fiscal years 1996, 1997, and 1998, for the discretionary category, the amounts set forth for those years in section 12(b)(1) of House Concurrent Resolution 64 (One Hundred Third Congress);”. (b) Point of Order in the Senate.— Section 601(b)(1) of the Congressional Budget Act of 1974 is amended to read as follows: “(1) Except as otherwise provided in this subsection, it shall not be in order in the Senate to consider any concurrent resolution on the budget for fiscal year 1995, 1996, 1997, or 1998 (or amendment, motion, or conference report on such a resolution) that would exceed any of the discretionary spending limits in this section.”. (c) Conforming Amendments.— (1) Section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended— (A) in subsection (a) by striking “Fiscal Years 1991–1995 Enforcement.—” and inserting “Fiscal Years 1991–1998 Enforcement.—”; (B) in subsection (b)(1)— (i) in the matter before subparagraph (A), by— (I) striking “When the President submits the budget under section 1105(a) of title 31, United States Code, for budget year 1992, 1993, 1994, or 1995” and inserting “When the President submits the budget under section 1105(a) of title 31, United States Code, for budget year 1992, 1993, 1994, 1995, 1996, 1997, or 1998”; and (II) striking “the budget shall include, adjustments to discretionary spending limits (and those limits as cumulatively adjusted) for the budget year and each outyear through 1995” and inserting “the budget shall include, adjustments to discretionary spending limits (and those limits as cumulatively adjusted) for the budget year and each outyear through 1998”; (ii) in paragraph (1)(B), by inserting at the end thereof the following new clause: 107 STAT. 684 “(iii) For a budget submitted for budget year 1996, 1997, or 1998, the adjustments shall be those necessary to reflect changes in inflation estimates since those of March 31, 1993, set forth on page 46 of House Conference Report 103–48.”; (iii) in the matter before subparagraph (A) in paragraph (2) by— (I) striking “When OMB submits a sequestration report under section 254 (g) or (h) for fiscal year 1991, 1992, 1993, 1994, or 1995” and inserting “When OMB submits a sequestration report under section 254 (g) or (h) for fiscal year 1991, 1992, 1993, 1994, 1995, 1996,1997, or 1998”; and (II) striking “for the fiscal year and each succeeding year through 1995,” and inserting “for the fiscal year and each succeeding year through 1998,”; (iv) in paragraph (2)(D)(i), by striking “for fiscal year 1991, 1992, 1993, 1994, or 1995,” and inserting “for any fiscal year,”; (v) in paragraph (2)(E), by— (I) striking the final word “and” in subparagraph (ii); and (II) inserting before. the final period the following: “(iv) if, for fiscal years 1994, 1995, 1996, 1997, and 1998, the amount of new budget authority provided in appropriation Acts exceeds the discretionary spending limit on new budget authority due to technical estimates made by the director of the Office of Management and Budget, the adjustment is the amount of the excess, but not to exceed an amount (for any one fiscal year) equal to 0.1 percent of the adjusted descretionary spending limit on new budget authority for that fiscal year”; and (vi) in paragraph (2)(F), by inserting immediately before the final period the following: “, and not to exceed 0.5 percent of the adjusted descretionary spending limit on outlays for the fiscal year in fiscal year 1996, 1997, or 1998”. (2) Reports.— Sections 254(d)(2) and 254(g)(2)(A) of the Balanced Budget and Emergency Deficit Control Act of 1985 are each amended by striking “1995” and inserting “1998”. (3) Expiration.— (A) Notwithstanding section 275(b) of the Balanced Budget and Emergency Deficit Control Act of 1985, sections 250, 251, 252, and 254 through 258C of that Act shall expire on September 30, 1998. (B) Section 607 of the Congressional Budget Act of 1974 is amended by striking “shall apply to fiscal years 1991 to 1995” and inserting “shall apply to fiscal years 1991 to 1998”.