CONCURRENT RESOLUTIONS-JUNE 5, 1997 111 STAT. 2725 (8) COMMITTEE ON VETERANS' AFFAIRS.— The Senate Committee on Veterans' Affairs shall report changes in laws within its jurisdiction that provide direct spending (as defined in section 250(c)(8) of the Balanced Budget and Emergency Deficit Control Act of 1985) to reduce outlays $681,000,000 in fiscal year 2002 and $2,733,000,000 for the period of fiscal years 1998 through 2002. (b) RECONCILIATION OF REVENUE REDUCTIONS.— Not later than June 20, 1997, the Senate Committee on Finance shall report to the Senate a reconciliation bill proposing changes in laws within its jurisdiction necessary to reduce revenues by not more than $20,500,000,000 in fiscal year 2002 and $85,000,000,000 for the period of fiscal years 1998 through 2002. (c) TREATMENT OF CONGRESSIONAL PAY-AS-YOU-GO.—For purposes of section 202 of House Concurrent Resolution 67 (104th Congress), legislation which reduces revenues pursuant to a reconciliation instruction contained in subsection (b) shall be taken together with all other legislation passed pursuant to the reconciliation instructions contained in this resolution when determining the deficit effect of such legislation. (d) CHILDREN'S HEALTH INITIATIVE.— (1) DEFICIT NEUTRAL ADJUSTMENTS.—After the reporting of reconciliation legislation pursuant to subsection (a), or after the submission of a conference report thereon, and if the Committee on Finance reduces outlays by an amount greater than the outlay reduction that is required by subsection (a)(5)(A), the Chairman of the Committee on the Budget of the Senate, with the concurrence and agreement of the ranking minority member, may submit in writing appropriately revised (A) reconciliation instructions to the Committee on Finance to reduce the deficit, (B) allocations, (C) limits, and (D) aggregates. (2) FLEXIBILITY ON ADJUSTMENTS. —The adjustments made pursuant to this subsection shall not exceed $2,300,000,000 in fiscal year 1998 and $16,000,000,000 for the period of fiscal years 1998 through 2002 and shall not cause an increase in the deficit levels in this resolution. SEC. 105. RECONCILIATION IN THE HOUSE OF REPRESENTATIVES. (a) PURPOSE. —The purpose of this section is to provide for two separate reconciliation bills: the first for entitlement reform and the second for tax relief (b) SUBMISSIONS. — (1) ENTITLEMENT REFORMS.—Not later than June 13, 1997, the House committees named in subsection (c) shall submit their recommendations to the House Committee on the Budget. After receiving those recommendations, the House Committee on the Budget shall report to the House a reconciliation bill carrying out all such recommendations without any substantive revision. (2) TAX RELIEF AND MISCELLANEOUS REFORMS.— Not later than June 14, 1997, the House committees named in subsection (d) shall submit their recommendations to the House Committee on the Budget. After receiving those recommendations, the House Committee on the Budget shall report to the House a reconciliation bill carrying out all such recommendations without any substantive revision.
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