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PART A
CONGRESSIONAL
BUDGET PROCESS

Subpart I
Congressional

Budget

SEC. 201. CONGRESSIONAL BUDGET.

(a) DEFINITIONS. -

(1) Section 3 of the Congressional Budget and Impoundment Control Act of 1974 is amended by adding at the end thereof the following new paragraphs:

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(2) Paragraph (2)1041 of section 3 of the Congressional Budget and Impoundment Control Act of 1974 is amended by inserting before the comma the following: "or to collect offsetting receipts.".

(b) CONGRESSIONAL BUDGET PROCESS. Title III of the Congressional Budget Act of 1974 is amended to read as follows:

1040 Section 201(a)(1) added sections 3(6) through 3(10) of the Congressional Budget Act. See supra pp. 16-19.

Subpart II Amendments to Title IV of the Congressional Budget Act

of 1974

SEC. 211. NEW SPENDING AUTHORITY.

Section 401 of the Congressional Budget Act of 1974 is amended to read as follows:

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SEC. 212. CREDIT AUTHORITY.

Section 402 of the Congressional Budget Act of 1974 is amended to read as follows:

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SEC. 213. DESCRIPTION BY CONGRESSIO

NAL BUDGET OFFICE.

(a) CONGRESSIONAL BUDGET OFFICE ANALYSIS. Section 403(a) of the Congressional Budget Act of 1974 is amended by striking out "and" at the end of paragraph (2), by striking out the period and inserting "; and" at the end of paragraph (3), and by inserting at the end thereof the following new paragraph:

"(4) a description of each method for establishing a Federal financial commitment contained in such bill or resolution.".

(b) CONFORMING AMENDMENT. The second sentence of section 403(a) of such Act is amended by striking out "estimates and comparison" and inserting in lieu thereof "estimates, comparison, and description".

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