To allow an item veto in appropriation Acts for fiscal years 1994, 1995, 1996, 1997, and 1998 by the President to reduce spending to levels necessary to achieve a balanced budget by fiscal year 1998, and to establish select committees on congressional budget and appropriation process reform in the House of Representatives and in the Senate.

TABLE OF CONTENTS:

Title I: Item Veto to Achieve Balanced Budget by Fiscal Year

1998

Title II: Changing Budgeting and Appropriating by Eliminating

the Committees on Appropriations

Title I: Item Veto to Achieve Balanced Budget by Fiscal Year 1998 - Requires the President to submit budgets for FY 1995 through 1997 to achieve a balanced budget by FY 1998. Requires the FY 1998 budget to be balanced.

Grants the President an item veto authority for appropriations for FY 1994 through 1998.

Title II: Changing Budgeting and Appropriating by Eliminating the Committees on Appropriations - Establishes a select committee in the House of Representatives and a select committee in the Senate to report to their respective Houses in January 1994 resolutions amending their respective Rules to: (1) eliminate the Committees on Appropriations; (2) modify the membership and jurisdiction of the Committees on the Budget; and (3) modify the jurisdiction of each standing committee to authorize it to make appropriations with respect to its subject matter jurisdiction.