Revising the congressional budget for the United States Government for fiscal year 1998, establishing the congressional budget for the United States Government for fiscal year 1999, and setting forth appropriate budgetary levels for fiscal years 2000, 2001, 2002, and 2003.

Summary

Revises and replaces the concurrent resolution on the budget for FY 1998. Sets forth the congressional budget for the Government for FY 1999, including appropriate budgetary levels for FY 2000 through 2003. Lists recommended budgetary levels and amounts, for FY 1998 through 2003, with respect to: (1) Federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits; and (5) public debt. Sets forth the appropriate levels of new budget authority and budget outlays for specified major functional categories for FY 1998 through 2003. Establishes a deadline for the submission of specified House committee recommendations on changes in laws that provide direct spending to the House Budget Committee. Requires the House Budget Committee to report to the House a reconciliation bill carrying out such recommendations without substantive revision. Authorizes the chairman of the Budget Committee, upon the reporting in the House of, or filing of a conference report with respect to, a measure that provides: (1) funds for personal retirement savings accounts for individuals, to increase appropriate allocations and aggregates of new budget authority and outlays for FY 1999 through 2003 by the amount of outlays resulting from, and corresponding amount of new budget authority provided by, the measure for such fiscal year; or (2) preferential tax treatment of contributions to such accounts, to reduce revenue aggregates for each of such fiscal years by the amount of the revenue loss resulting from the measure for such fiscal year. Provides that any measure or amendment or conference report with respect to such measure that establishes on a prospective basis compensation or pay for any Government position at a specified level, the appropriation for which is provided through annual discretionary appropriations, shall not be considered as providing new entitlement or budget authority. Expresses the sense of the Congress with respect to: (1) the issuance of marketable interest-bearing securities to the social security trust funds; (2) the inclusion of the Assets for Independence Act in the Ways and Means Committee's reconciliation submission to the Budget Committee; (3) Medicare coverage for participation in clinical cancer trials; (4) the interim payment system for home health benefits under Medicare; and (5) full funding for programs under the Individuals with Disabilities Education Act.

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Documents

11 official files

• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN · 15 June 1998

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• Engrossed Amendment Senate (PDF)

  Engrossed Amendment Senate · EN · 15 June 1998

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• Passed Senate amended

  summary · EN · 15 June 1998

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• Engrossed in House (text)

  Engrossed in House · EN · 5 June 1998

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• Engrossed in House (PDF)

  Engrossed in House · EN · 5 June 1998

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• Received in Senate (text)

  Received in Senate · EN · 5 June 1998

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• Received in Senate (PDF)

  Received in Senate · EN · 5 June 1998

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• Passed House amended

  summary · EN · 5 June 1998

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• Reported in House (text)

  Reported in House · EN · 27 May 1998

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• Reported in House (PDF)

  Reported in House · EN · 27 May 1998

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• Introduced in House

  summary · EN · 27 May 1998

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