. The purpose of this subtitle is to extend discretionary spending limits and pay-as-you-go requirements.
. (a) GENERAL STATEMENT.— Section 250(b) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by striking the first 2 sentences and inserting the following: ``This part provides for budget enforcement as called for in House Concurrent Resolution 84 (105th Congress, 1st session).´´.
(b) DEFINITIONS.—
Section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended— (1) in paragraph (1)— (A) by striking ``(but including´´ through ``amount´´ ´´; and
(B) by striking ``section 601 of that Act as adjusted under sections 251 and 253´´ and inserting ``section 251´´;
(2) by striking paragraph (4) and inserting the following:
``(4) The term ``category´´ means the subsets of discretionary appropriations in section 251(c). Discretionary appropriations in each of the categories shall be those designated in the joint explanatory statement accompanying the conference report on the ../. New accounts or activities shall be categorized only after consultation with the committees on Appropriations and the Budget of the House of Representatives and the Senate and that consultation shall, to the extent practicable, include written communication to such committees that affords such committees the opportunity to comment before official action is taken with respect to new accounts or activities.´´;
(3) by striking paragraph (6) and inserting the following:
``(6) The term ``budgetary resources´´ means new budget authority, unobligated balances, direct spending authority, and obligation limitations.´´;
(4) in paragraph (9), by striking ``submission of the fiscal year 1992 budget that are not included with a budget submission´´ and inserting ``that budget submission that are not included with it´´;
(5) in paragraph (14), by inserting ``first 4´´ before ``fiscal years´´ and by striking ``through fiscal year 1995´´;
(6) by striking paragraphs (17) and (20) and by redesignating paragraphs (18), (19), and (21) as paragraphs (17), (18), and (19), respectively;
(7) in paragraph (17) (as redesignated), by striking ``Omnibus Budget Reconciliation Act of 1990´´ and inserting ``../´´;
(8) in paragraph (18) (as redesignated), by striking all after ``expenses´´ and inserting ``the Federal deposit insurance agencies, and other Federal agencies supervising insured depository institutions, resulting from full funding of, and continuation of, the deposit insurance guarantee commitment in effect under current estimates.´´; and
(9) by striking paragraph (19) (as redesignated) and inserting the following:
``(19) The term ``asset sale´´ means the sale to the public of any asset (except for those assets covered by title V of the Congressional Budget Act of 1974), whether physical or financial, owned in whole or in part by the United States.´´.
. (a) EXTENSION THROUGH FISCAL YEAR 2002.— Section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended— (1) in the heading of subsection (a), by striking ``Fiscal Years 1991-1998´´;
(2) in subsection (a)(3), by striking ``(h)´´ both places it appears and inserting ``(f)´´;
(3) by striking subsection (a)(7) and inserting the following:
(4) by striking subsection (b) and inserting the following:
(b) SHIFTING OF DISCRETIONARY SPENDING LIMITS INTO THE BALANCED BUDGET AND EMERGENCY DEFICIT CONTROL ACT OF 1985.— Section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by adding at the end the following new subsection:
(c) REPEAL OF DUPLICATIVE PROVISIONS.—
Sections 201, 202, 204(b), 206, and 211 of House Concurrent Resolution 84 (105th Congress) are repealed.
. (a) SEQUESTRATION REGARDING VIOLENT CRIME REDUCTION SPENDING.— (1) REPEAL.— Section 251A of the Balanced Budget and Emergency Deficit Control Act of 1985 is repealed.
(2) TABLE OF CONTENTS.—
The item relating to section 251A in the table contents set forth in section 250(a) of the Balanced Budget and Emergency Deficit Control Act of 1985 is repealed.
(b) CONFORMING AMENDMENT.—
Section 310002 of Public Law 103-322 (42 U.S.C. 14212) is repealed.
. Section 252 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended— (1) by striking subsections (a) and (b) and inserting the following:
(2) by amending subsection (c)(1)(B), by inserting ``and direct´´ after ``guaranteed´´;
(3) by amending subsection (d) to read as follows:
(4) in subsection (e), by striking ``, for any fiscal year from 1991 through 1998,´´ and by striking ``through 1995´´.