Page:United States Statutes at Large Volume 104 Part 2.djvu/1013

 PUBLIC LAW 101-508 —NOV. 5, 1990 104 STAT. 1388-605 "(3) the enactment of such bill or resolution in the form recommended in such conference report, would not increase the deficit for any such fiscal year, and, if the sum of any revenue increases provided in legislation already enacted during the current session (when added to revenue increases, if any, in excess of any outlay increase provided by the legislation proposed for consideration) is at least as great as the sum of the amount, if any, by which the aggregate level of Federal revenues should be increased as set forth in that concurrent resolution and the amount, if any, by which revenues are to be increased pursuant to pay-as -you-go procedures under section 301(b)(8) if included in that concurrent resolution. "(2) REVISED ALLOCATIONS.— "(A) As soon as practicable after Congress agrees to a bill or joint resolution that would have been subject to a point of order under section 302(f)(1) but for the exception provided in paragraph (1), the chairman of the Committee on the Budget of the House of Representatives may file with the House appropriately revised allocations under section 302(a) and revised functional levels and budget aggregates to reflect that bill. "(B) such revised allocations, functional levels, and budget aggregates shall be considered for the purposes of this Act as allocations, functional levels, and budget aggregates contained in the most recently agreed to concurrent resolution on the budget. "SEC. 603. CONSIDERATION OF LEGISLATION BEFORE ADOPTION OF 2 USC 665b. BUDGET RESOLUTION FOR THAT FISCAL YEAR. "(a) ADJUSTING SECTION ALLOCATION OF DISCRETIONARY SPEND- ING.—I f a concurrent resolution on the budget is not adopted by April 15, the chairman of the Committee on the Budget of the House of Representatives shall submit to the House, as soon as practicable, a section 602(a) allocation to the Committee on Appropriations consistent with the discretionary spending limits contained in the most recent budget submitted by the President under section 1105(a) of title 31, United States Code. Such allocation shall include the full allowance specified under section 251(b)(2)(E)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985. "(b) As soon as practicable after a section 602(a) allocation is, submitted under this section, the Committee on Appropriations shall make suballocations and promptly report those suballocations to the House of Representatives. "SEC. 604. RECONCILIATION DIRECTIVES REGARDING PAY-AS-YOU-GO 2 USC 665c. REQUIREMENTS. "(a) INSTRUCTIONS TO EFFECTUATE PAY-AS-YOU-GO IN THE HOUSE OF REPRESENTATIVES. — If legislation providing for a net reduction in revenues in any fiscal year (that, within the same measure, is not fully offset in that fiscal year by reductions in direct spending) is enacted, the Committee on the Budget of the House of Representatives may report, within 15 legislative days during a Congress, a pay-as-you-go reconciliation directive in the form of a concurrent resolution— "(1) specifying the total amount by which revenues sufficient to eliminate the net deficit increase resulting from that legislation in each fiscal year are to be changed; and

�