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(d) TECHNICAL AMENDMENT. Clause 4(g) of rule X of the Rules of the House of Representatives is amended by striking out "March 15" and inserting in lieu thereof "February 25".

DO

(e) TECHNICAL AMENDMENT. Clause 2(1)(1) of rule XI of the Rules of the House of Representatives is amended

(1) by striking out "(except as provided in subdivision (C))" in subparagraph (A) thereof; and

(2) by repealing subparagraph (C) thereof.

1052

. 111053

(f) TECHNICAL AMENDMENT. -- Clause 2(1)(3)(B) of rule XI of the Rules of the House of Representatives is amended by inserting "(1)" after "section 308(a)", and by striking out "new budget authority or new or increased tax expenditures" and inserting in lieu thereof "new budget authority (other than continuing appropriations), new spending authority described in section 401(c)(2)1054 of such Act, new credit authority, an increase or decrease in revenues or tax expenditures".

1055

or

(g) TECHNICAL AMENDMENT. -- Rule XLIX of the Rules of the House of Representatives is amended by striking out ", 304, or 310" in clause 1 and inserting in lieu thereof "or 304".

11

(h) TECHNICAL AMENDMENT. Clause 1(e)(2) of Rule X of the Rules of the House of Representatives is amended by inserting before the period at the end thereof the following: and any resolution pursuant to section 254(b) of the Balanced Budget and Emergency Deficit Control Act of 1985.".

1052

Section 3(2) defines "budget authority." See supra pp. 11-13.

1053

Section 3(3) defines "tax expenditures." See supra p. 15.

1054

See supra pp. 203-206.

1055

Section 402(b) of the Congressional Budget Act defines "new credit authority" (see supra p. 212), in part by reference to the definition of "credit authority" in section 3(10) of

PART B
BUDGET SUBMITTED BY

THE PRESIDENT

SEC. 241. SUBMISSION OF PRESIDENT'S

BUDGET; MAXIMUM DEFICIT AMOUNT
MAY NOT BE EXCEEDED.

(a) SUBMISSION OF PRESIDENT'S BUDGET. -- The first sentence of section 1105(a) of title 31, United States Code, is amended by striking out "During the first 15 days of each regular session of Congress" and inserting in lieu thereof the following: "On or before the first Monday after January 3 of each year (on or before February 5 in 1986)".

(b) MAXIMUM DEFICIT AMOUNT May Not BE EXCEEDED. Section 1105 of title 31, United States Code, is amended by adding at the end thereof the following new subsection:

"(f)(1) The budget transmitted pursuant to subsection (a) for a fiscal year shall be prepared on the basis of the best estimates then available, in such a manner as to ensure that the deficit for such fiscal year shall not exceed the maximum deficit amount for such fiscal year as determined under paragraph (7) of section 3 of the Congressional Budget and Impoundment Control Act of 1974.

"(2) The deficit set forth in the budget so transmitted for any fiscal year shall not exceed the maximum deficit amount for such fiscal year as determined under paragraph (7) of section 3 of the Congressional Budget and Impoundment Control Act

such levels as the President may consider most desirable and feasible.

"(3) Paragraphs (1) and (2) shall not apply if a declaration of war by the Congress is in effect.".

SEC. 242. SUPPLEMENTAL BUDGET ESTI

MATES AND CHANGES.

(a) CHANGE IN DATE OF SUBMISSION. The first sentence of section 1106(b) of title 31, United States Code, is amended by striking out "April 11 and".

(b) REVISIONS AND SUPPLEMENTAL SUMMARIES. Section 1106 of title 31 of such Code is further amended by adding at the end thereof the following new subsection:

"(c) Subsection (f) of section 1105 shall apply to revisions and supplemental summaries submitted under this section to the same extent that such subsection applies to the budget submitted under section 1105(a) to which such revisions and summaries relate."

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