Page:United States Statutes at Large Volume 117.djvu/2956

 CONCURRENT RESOLUTIONS—APR. 11, 2003

117 STAT. 2937

the submission of a conference report thereon, the chairman of the Committee on the Budget may make the adjustments set forth in subparagraph (B) for the amount of new budget authority in that measure (if that measure meets the requirements set forth in paragraph (2)) and the outlays flowing from that budget authority. (B) MATTERS TO BE ADJUSTED.—The adjustments referred to in subparagraph (A) are to be made to— (i) the discretionary spending limits, if any, set forth in the appropriate concurrent resolution on the budget; (ii) the allocations made pursuant to the appropriate concurrent resolution on the budget pursuant to section 302(a) of the Congressional Budget Act of 1974; and (iii) the budgetary aggregates as set forth in the appropriate concurrent resolution on the budget. (2) AMOUNTS OF ADJUSTMENTS.—The adjustment referred to in paragraph (1) shall be— (A) an amount provided for transportation under section 411; and (B) an amount provided for the fiscal year 2003 supplemental appropriation pursuant to section 421. (3) REPORTING REVISED SUBALLOCATIONS.—Following any adjustment made under paragraph (1), the Committee on Appropriations of the Senate shall report appropriately revised suballocations under section 302(b) to carry out this subsection. SEC. 505. PAY-AS-YOU-GO POINT OF ORDER IN THE SENATE.

(a) POINT OF ORDER.— (1) IN GENERAL.—It shall not be in order in the Senate to consider any direct spending or revenue legislation that would increase the on-budget deficit or cause an on-budget deficit for any one of the three applicable time periods as measured in paragraphs (5) and (6). (2) APPLICABLE TIME PERIODS.—For purposes of this subsection, the term ‘‘applicable time period’’ means any 1 of the 3 following periods: (A) The first year covered by the most recently adopted concurrent resolution on the budget. (B) The period of the first 5 fiscal years covered by the most recently adopted concurrent resolution on the budget. (C) The period of the 5 fiscal years following the first 5 fiscal years covered in the most recently adopted concurrent resolution on the budget. (3) DIRECT-SPENDING LEGISLATION.—For purposes of this subsection and except as provided in paragraph (4), the term ‘‘direct-spending legislation’’ means any bill, joint resolution, amendment, motion, or conference report that affects direct spending as that term is defined by, and interpreted for purposes of, the Balanced Budget and Emergency Deficit Control Act of 1985. (4) EXCLUSION.—For purposes of this subsection, the terms ‘‘direct-spending legislation’’ and ‘‘revenue legislation’’ do not include— (A) any concurrent resolution on the budget; or

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