A concurrent resolution revising the Congressional Budget for the United States Government for the fiscal years 1981, 1982, and 1983.

(Measure passed Senate, amended, roll call #77 (88-10))

Revises the congressional budget in order to reduce: (1) budget authority by $14,667,000,000, and outlays by $2,353,000,000, in fiscal year 1981; (2) budget authority by $52,825,000,000, and outlays by $36,945,000,000 in fiscal year 1982; and (3) budget authority by $59,228,000,000, and outlays by $47,694,000,000, in fiscal year 1983.

Requires the Committees on Appropriations of the House and the Senate to report, not later than June 5, 1981, legislation to reduce previously enacted appropriations for fiscal years 1981, 1982, and 1983.

Directs each standing committee of the House and the Senate, by May 31, 1981, to submit to the Committees on the Budget of their respective Houses recommendations sufficient to accomplish the reductions in budget authority and outlays for fiscal years 1981, 1982, and 1983, as required by this resolution.

Directs such committees also to report changes in laws within their respective jurisdictions so as to achieve specified savings in budget authority and outlays.

Declares that it is the sense of the Senate that the standing Senate committees should: (1) begin deliberations on the legislation required to be reported under this resolution as soon as it is agreed to in the Senate; and (2) report such legislation by May 31, 1981, except to the extent that the amounts involved may be modified in conference with the House.

Directs the Senate Committee on Governmental Affairs to report changes in laws to modify programs within its jurisdiction which would reduce costs to the government resulting from waste, fraud, and abuse.