An amendment in the nature of a substitute numbered 18 printed in House Report 108-566 to 1) require sequestration of mandatory spending in the event that OMB baseline estimates of mandatory spending exceed previous estimates due to enacted legislation; 2) require baseline estimates to exclude emergency spending; 3) provide an exception for outlay components of certain expiring receipts legislation when making estimates of mandatory spending legislation; 4) change the start date of the fiscal year to November 1; 5) require sunsetting of all Federal programs (except earned entitlements) effective October 1, 2006, unless reauthorized prior to that date; 6) requires an adjustment to Appropriations Committee 302(a) allocations to ensure that the transportation guarantees contemplated in TEALU and Vision 100 are fully met; and 7) make technical and conforming changes to the Balanced Budget and Emergency Deficit Control Act of 1985.

Sponsored by

CWB

Rep. C. W. Bill Young (R-FL)

Submitted June 24, 2004