Pub. L. 107-117, div. C, sec. 101

Sec. 101. (a) Discretionary Spending Limits.—Section 251(c)(6) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended—115 STAT. 2342 (1) by striking subparagraph (A) and inserting the following: “(A) for the discretionary category; $681,441,000,000 in new budget authority and $670,206,000,000 in outlays;”; (2) in subparagraph (C), by striking the second “and” after the semicolon; and (3) in subparagraph (D), by striking “$1,232,000,000” and inserting “$1,473,000,000”. (b) Revised Aggregates and Allocations.—Upon the enactment of this section, the chairman of the Committee on the Budget of the House of Representatives and the chairman of the Committee on the Budget of the Senate shall each— (1) revise the aggregate levels of new budget authority and outlays for fiscal year 2002 set in sections 101(2) and 101(3) of the concurrent resolution on the budget for fiscal year 2002 (H. Con. Res. 83, 107th Congress), to the extent necessary to reflect the revised limits on discretionary budget authority and outlays for fiscal year 2002 provided in subsection (a); (2) revise allocations under section 302(a) of the Congressional Budget Act of 1974 to the Committee on Appropriations of their respective House as initially set forth in the joint explanatory statement of managers accompanying the conference report on that concurrent resolution, to the extent necessary to reflect the revised limits on discretionary budget authority and outlays for fiscal year 2002 provided in subsection (a); and (3) publish those revised aggregates and allocations in the Congressional Record. (c) Repeal of Section 203 of Budget Resolution for Fiscal Year 2002.—Section 203 of the concurrent resolution on the budget for fiscal year 2002 (H. Con. Res. 83, 107th Congress) is repealed. (d) Adjustments.—If, for fiscal year 2002, the amount of new budget authority provided in appropriation Acts exceeds the discretionary spending limit on new budget authority for any category due to technical estimates made by the Director of the Office of Management and Budget, the Director shall make an adjustment equal to the amount of the excess, but not to exceed an amount equal to 0.12 percent of the sum of the adjusted discretionary limits on new budget authority for all categories for fiscal year 2002.