Page:United States Statutes at Large Volume 96 Part 2.djvu/1298

 96 STAT. 2660

CONCURRENT RESOLUTIONS—JUNE 23, 1982

SEC. 5. It is the sense of the Congress that if Congress acts to restore fiscal responsibility and reduces projected budget deficits in a substantial and permanent way, then the Federal Reserve Open Market Committee shall reevaluate its monetary targets in order to assure that they are fully complementary to a new and more restrained fiscal policy. SEC. 6. It is the sense of the Congress that concurrent resolutions on the budget should reflect the full range of fiscal activities of the Federal Government. It is further the sense of the Congress, therefore, that each concurrent resolution on the budget, beginning with the first concurrent resolution on the budget for fiscal year 1984, shall list, for each functional category, the off-budget activities associated with that category, as well as the new budget authority, outlays, new direct loan obligations, new primary loan guarantee commitments, and new secondary loan guarantee commitments associated with that category. SEC. 7. If Congress has not completed action by October 1, 1982, on the Concurrent Resolution on the Budget required to be reported 2 USC 641. under section 310(a) of the Budget Act for the 1983 fiscal year, then, 2 USC 642. for purposes of section 311 of such Act, and section 4 of this resolution, this concurrent resolution shall be deemed to be the concurrent resolution required to be reported under section 310(a) of such Act. SEC. 8. It shall not be in order in either the House of Representatives or the Senate to consider any bill or resolution, or amendment thereto, providing— (1) new budget authority for fiscal year 1983; or (2) new spending authority described in section 401(c)(2)(C) of 2 USC 651. the Budget Act first effective in fiscal year 1983; within the jurisdiction of any of its committees unless and until such committee makes the allocations or subdivisions required by section 2 USC 633. 302(b) of the Budget Act, in connection with the most recently agreed to concurrent resolution on the budget. SEC. 9. (a) After the Congress has completed action on the concurrent resolution on the budget required to be reported under section 2 USC 641. 310(a) for fiscal year 1983, and, if a reconciliation bill or resolution, or both, for such fiscal year are required to be reported under i section 310(c), after that bill has been enacted into law or that resolution has been agreed to, it shall not be in order in either the House of Representatives or the Senate to consider any bill, resolution, or amendment providing authority for— (1) new direct loan obligations for fiscal year 1983; (2) new primary loan guarantee commitments for fiscal year 1983; or J:s !; (3) new secondary loan guarantee commitments for fiscal year 1983; or any conference report on any such bill or resolution, if— (A) the enactment of such bill or resolution as reported; (B) the adoption and enactment of such amendment; or (C) the enactment of such bill or resolution in the form recommended in such conference report; would cause the appropriate level of total new direct loan obligations for fiscal year 1983, total new primary loan guarantee commitments for such fiscal year, or total new secondary loan guarantee commitments for such fiscal year set forth in such concurrent resolution on the budget to be exceeded.

�