Deficit Reduction Lock-box Act of 1995 - Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office to maintain a Deficit Reduction Lock-box Ledger which shall be divided into entries corresponding to the subcommittees of the Committees on Appropriations. Requires each entry to consist of three parts: (1) the House Lock-box Balance; (2) the Senate Lock-box Balance; and (3) the Joint House-Senate Lock-box Balance. Requires the Director of the Congressional Budget Office, upon the engrossment of any appropriation bill by the House of Representatives and upon the engrossment of that bill by the Senate, to credit to the applicable entry balance of that House amounts of new budget authority and outlays equal to the net amounts of reductions in new budget authority and in outlays resulting from amendments agreed to by that House to that bill. Specifies the amounts to be credited to the Joint House- Senate Lock-box Balance.
(Sec. 3) Requires a running tally to be available to Members of the House of Representatives, during the consideration of any appropriations bill by the House, of the amendments reflecting increases and decreases of budget authority in such bill as reported.
(Sec. 4) Provides for the downward adjustment of: (1) allocations for the House and Senate upon the engrossment of Senate amendments to any appropriation bill; and (2) suballocations, whenever a such a downward adjustment is made to an allocation.
(Sec. 5) Requires the Director of the Congressional Budget Office to include an up-to-date tabulation of the amounts contained in the Deficit Reduction Lock-box Ledger and each entry in periodic reports.
(Sec. 6) Provides for the downward adjustment of discretionary spending limits.
(Sec. 7) Makes this Act applicable to all appropriation bills making appropriations for FY 1996 or any subsequent fiscal years. Makes special retroactive provisions for any appropriation bill for FY 1996 engrossed by the House after August 4, 1995, but before the enactment of this bill.
Referred to the Subcommittee on the Legislative and Budget Process.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Rules. H. Rept. 104-205, Part I.
Reported (Amended) by the Committee on Rules. H. Rept. 104-205, Part I.
Rules Committee Resolution H. Res. 218 Reported to House. Rule provides for consideration of H.R. 1162 with 1 hour of general debate. Previous question shall be considered as ordered. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment, the amendment in the nature of a substitute recommended by the Committee on Rules. The committee amendment shall be considered as read. Points of order against the committee amendment for failure to comply with clause 7 of rule XVI shall be waived.
Rule H. Res. 218 passed House.
Considered under the provisions of rule H. Res. 218. (consideration: CR H8838-8852)
Rule provides for consideration of H.R. 1162 with 1 hour of general debate. Previous question shall be considered as ordered. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment, the amendment in the nature of a substitute recommended by the Committee on Rules. The committee amendment shall be considered as read. Points of order against the committee amendment for failure to comply with clause 7 of rule XVI shall be waived.
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The Speaker designated the Honorable Jack Quinn to act as Chairman of the Committee.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 218 and Rule XXIII.
DEBATE - The House proceeded with one hour of debate.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1162.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
The previous question was ordered without objection.
Passed/agreed to in House: On passage Passed by recorded vote: 364 - 59 (Roll no. 658).
Roll Call #658 (House)On passage Passed by recorded vote: 364 - 59 (Roll no. 658).
Roll Call #658 (House)Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate and read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.