Establishing the congressional budget for the United States Government for fiscal year 1997 and setting forth appropriate budgetary levels for fiscal years 1998, 1999, 2000, 2001, and 2002.

TABLE OF CONTENTS:

Title I: Levels and Amounts

Title II: Reconciliation Directions

Title III: Budget Enforcement

Title IV: Sense of Congress, House, and Senate Provisions

Establishes the budget for FY 1997 and sets appropriate budget levels for FY 1998 through 2002.

Title I: Levels and Amounts - Sets forth recommended budgetary levels for Federal revenues, total new budget authority, total budget outlays, deficits, public debt, direct loan obligations, and primary loan guarantee commitments.

(Sec. 102) Sets forth the amounts of increase in public debt subject to limitation.

(Sec. 103) Sets forth Social Security revenues and outlays for purposes of Senate enforcement.

(Sec. 104) Sets forth appropriate levels of new budget authority, budget outlays, new direct loan obligations, and new primary loan guarantee commitments for FY 1997 through 2002 for each major functional category.

Title II: Reconciliation Directions - Sets forth reconciliation instructions for FY 1997 through 2002 for the authorizing committees. Sets forth instructions in the House of Representatives for: (1) welfare and Medicaid reform and tax relief; (2) Medicare preservation; and (3) tax and miscellaneous direct spending reforms. Establishes a corresponding three-step reconciliation process in the Senate.

Title III: Budget Enforcement - Sets forth discretionary spending limits for FY 1997 through 2002.

(Sec. 302) Requires amounts realized from the sales of government assets to be scored with respect to the level of budget authority, outlays, or revenues.

(Sec. 303) Provides for the determination of the cost of a direct loan under the Federal direct student loan program.

(Sec. 304) Provides for deficit neutral adjustments after enactment of legislation which reforms the Superfund program and extends Superfund taxes.

(Sec. 305) Authorizes revenue and spending aggregates in the Senate to be reduced and allocations revised for legislation that reduces revenues by providing family tax relief, fuel tax relief, and incentives to stimulate savings, investment, job creation, and economic growth if such legislation will not increase the deficit.

(Sec. 306) States that the provisions of this title are adopted as an exercise of the rulemaking power of the Senate and the House of Representatives.

(Sec. 307) Permits an adjustment, for FY 1997, in the nondefense discretionary outlay level to avoid a Government shutdown.

Title IV: Sense of Congress, House, and Senate Provisions - Expresses the sense of the Congress concerning: (1) baselines; (2) loan sales; (3) Medicaid; (4) children; (5) debt repayment; (6) a balanced budget; (7) tax reductions; (8) Medicare; (9) revenue assumptions; (10) domestic violence; (11) student loans; (12) welfare recipients and drugs; (13) the index for inflation; (14) taxation of social security benefits; (15) drug smugglers; (16) corporate subsidies; (17) welfare reform; and (18) FCC spectrum auctions.

Expresses the sense of the House of Representatives concerning emergency spending.

Expresses the sense of the Senate concerning: (1) youth at risk; (2) budget estimates; (3) the gas tax; (4) budgetary savings; (5) excess government computers for schools; (6) Federal retreats; (7) the essential air service program of the Department of Transportation; (8) the retirement savings of homemakers; (9) National Institutes of Health funding for anti-addiction drugs; (10) employer education assistance; (11) the Economic Development Administration; (12) the Low-Income Home Energy Assistance Program; (13) the Davis-Bacon Act; (14) Operations Southern Watch and Provide Comfort (to restrict military aggression against Kurdish and Shiite people of Iraq); (15) the Medicare trust fund; (16) the Presidential Election Campaign Fund; and (17) AMTRAK.