Sets forth the concurrent resolution on the budget for FY 1991 and the appropriate budgetary levels for FY 1992 and 1993.
Sets forth: (1) maximum deficit amounts; (2) public debt increase amounts; (3) deficit levels excluding trust fund surpluses; and (4) recommended budgetary levels of Federal revenues, new budget authority, budget outlays, the public debt, and Federal credit activity, including funding for each major functional category.
Requires specified Senate and House Committees to report to their respective Committee on the Budget on changes in laws within their jurisdiction that provide spending authority sufficient to reduce budget authority and outlays by specified amounts.
Expresses the sense of the Congress that: (1) the Government should sell assets to nongovernment buyers; and (2) the amounts realized from such sales will not recur on an annual basis and do not reduce the demand for credit.
Assumes that, in the Senate, budget authority and outlays may be allocated to the Senate Committee on Finance for increased Medicaid funding if the Committee on Finance or the committee of conference reports appropriate Medicaid funding legislation.
Senate agreed to conference report by Yea-Nay Vote. 66-33. Record Vote No: 261.
Senate agreed to companion measure H.CON.RES. 310 in lieu of this measure by Voice Vote.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 540.
Introduced in Senate
Referred to the Committee on Budget.
Senate Committee on Budget discharged. Pursuant to section 300 of the Congressional Budget Act of 1974, as amended.
Senate Committee on Budget discharged. Pursuant to section 300 of the Congressional Budget Act of 1974, as amended.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 505.
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