ENFORCING PAY-AS-YOU-GO.

SEC. 14003. ENFORCING PAY-AS-YOU-GO. (a) Section 252 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended— (1) in subsection (a), by striking “Fiscal Year 1992–1995 Enforcement.” and inserting “Fiscal Year 1992–1998 Enforcement.”; 107 STAT. 685 (2) in subsection (d), by striking “estimate of the amount of change in outlays or receipts, as the case may be, in each fiscal year through fiscal year 1995” both places that it appears and inserting “estimate of the amount of change in outlays or receipts, as the case may be, in each fiscal year through fiscal year 1998” both places; and (3) in subsection (e), by striking “for fiscal year 1991, 1992, 1993, 1994, or 1995,” and inserting “for any fiscal year from 1991 through 1998,”. (b) Section 254(g)(3) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by striking “1995” and inserting “1998”. (c) Upon enactment of this Act, the director of the Office of Management and Budget shall reduce the balances of direct spending and receipts legislation applicable to each fiscal year under section 252 of the Balanced Budget and Emergency Deficit Control Act of 1985 by an amount equal to the net deficit reduction achieved through the enactment in this Act of direct spending and receipts legislation for that year.