Page:United States Statutes at Large Volume 88 Part 1.djvu/343

 88 STAT.]

PUBLIC LAW 93-344-JULY 12, 1974

299

DEFINITIONS

SEC. 3. (a) IN GENERAL.—For purposes of this Act— (1) The terms "budget outlays" and "outlays" mean, with respect to any fiscal year, expenditures and net lending of funds under budget authority during such year. (2) The term "budget authority" means authority provided by law to enter into obligations which will result in immediate or future outlays involving Government funds, except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. (3) The term "tax expenditures" means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability; and the term "tax expenditures budget" means an enumeration of such tax expenditures. (4) The term "concurrent resolution on the budget" means— (A) a concurrent resolution setting forth the congressional budget for the United States Government for a fiscal year as provided in section 301; (B) a concurrent resolution reaiTirming or revising the congressional budget for the United States Government for a fiscal year as provided in section 310; and (C) any other concurrent resolution revising the congressional budget for the United States Government for a fiscal year as described in section 304. (5) The term "appropriation Act" means an Act referred to in section 105 of title 1, United States Code. (b) JOINT COMMITTEE ON ATOMIC ENERGY.—For purposes of titles II, III, and IV of this Act, the Members of the House of Representatives who are members of the Joint Committee on Atomic Energy shall be treated as a standing committee of the House, and the Members of the Senate who are members of the Joint Committee shall be treated as a standing committee of the Senate. TITLE I — ESTABLISHMENT OF H O U S E AND S E N A T E BUDGET COMMITTEES

3i use 1302.

^°«^ p- 322.

BudTeTAcTor' '^^^•

BUDGET COMMITTEE or THE HOUSE OF REPRESENTATIVES

SEC. 101. (a) Clause 1 of Rule X of the Rules of the House of Representatives is amended by redesignating paragraphs (e) through (u) as paragraphs (f) through (v), respectively, and by inserting after paragraph (d) the following new paragraph: "(e) Committee on the Budget, to consist of twenty-three Members Membership. as follows: "(1) five Members who are members of the Committee on Appropriations; " (2) five Members who are members of the Committee on Ways and Means; "(3) eleven Members who are members of other standing committees; "(4) one Member from the leadership of the majority party; and

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