in such law by the specific title theretofore used for that appropriation item in the appropriation Act concerned, and thereafter such title is changed or is eliminated from such appropriation Act, expenditures for such object or purpose thereafter may be made from any corresponding appropriation item. (c) Except where authority for performance of a function is specifically repealed in section 301, none of the provisions of such section shall be construed as affecting the jurisdiction or responsibility of any agency or officer of the Government over any function or organizational unit referred to in such section. (d) Existing laws, policies, procedures, and directives pertaining to functions covered by this Act, and not inconsistent herewith or repealed hereby, shall remain in full force and efect unless and until superseded, or except as they may be amended, under the authority of this Act or under other appropriate authority. Approved September 12, 1950. 42-247 O-75-6 in such law by the specific title theretofore used for that appropriation item in the appropriation Act concerned, and thereafter such title is changed or is eliminated from such appropriation Act, expenditures for such object or purpose thereafter may be made from any corresponding appropriation item. (c) Except where authority for performance of a function is specifically repealed in section 301, none of the provisions of such section shall be construed as affecting the jurisdiction or responsibility of any agency or officer of the Government over any function or organizational unit referred to in such section. (d) Existing laws, policies, procedures, and directives pertaining to functions covered by this Act, and not inconsistent herewith or repealed hereby, shall remain in full force and effect unless and until superseded, or except as they may be amended, under the authority of this Act or under other appropriate authority. Approved September 12, 1950. 42-247 0-75-6 C. Debt and Expenditure Limits, Including Federal Impoundment and Information Act (86 Stat. 1324) This act was the result of the enactment of H.R. 16810, 92d Congress. It was approved on October 27, 1972, as Public Law 599, 92d Congress. The text of the act appears in volume 86, Statutes at Large, page 1324. Its provisions are codified as 26 U.S.C. 3304 nt and 31 U.S.C. 757b nt, 581c-1 and 581c-1 nt. LEGISLATIVE HISTORY OF PUBLIC LAW 599, 92D CONGRESS 1. CONGRESSIONAL RECORD REFERENCE TO DEBATES, ETC. (Page citations are to vol. 118, Congressional Record) H.R. 16810: To provide for a temporary increase in the public debt limit and to place a limitation on expenditures and net lending for the fiscal year ending June 30, 1973. Mr. Mills of Arkansas, Mr. Schneebeli, and Mr. Bow; Committee on Ways and Means, 32184.Reported (H. Rept. 92-1456), 32568.-Made special order (H. Res. 1149), 33803.-Debated, 34594.-Passed House, 34637.-Referred to Committee on Finance, 34856.-Reported with amendment (S. Rept. 92-1292), 35242.-Debated; 35905, 35911, 35930, 35936, 35952, 35957.— Amended and passed Senate, 35992.-Senate insisted on its amendments and asked for a conference, 35992.-Conferees appointed, 35992.-House disagreed to Senate amendments, and agreed to a conference, 36362.-Conferees appointed, 36362.-Conference report (92-1606) submitted in House and agreed to, 36520, 36943.-Conference report submitted in Senate and was rejected, 36831, 36834.-Senate insisted on its amendment and asked for a further conference, 36858.-Conferees appointed, 36858.-House disagreed to Senate amendments and agreed to a further conference, 37050.-Conferees appointed, 37050.-Conference report (H. Rept. 92-1614), submitted in House and agreed to, 37065, 37069.-Conference report submitted in Senate and agreed to, 37306, 37319.-Examined and signed, 37200, 37323.-Presented to the President, 37200.-Approved [Public Law 92-599,], 37202. 1 2. SERIAL NUMBERS TO BOUND VOLUMES OF CONGRESSIONAL REPORTS TO PUBLIC LAW 599, 92D CONGRESS 3. CONGRESSIONAL HEARINGS RELATING TO PUBLIC LAW 599, 92D CONGRESS House Committee on Ways and Means, 92d Congress. To provide for a temporary increase in the public debt limit and to place a limitation on expenditures and net lending for the fiscal year ending June 30, 1973, H.R. 16810. September 18 and 19, 1972. Senate Finance Committee, 92d Congress. To provide for a temporary increase in the public debt limit and to place a limitation on expenditures and net lending for the fiscal year ending June 30, 1973, H.R. 16810. October 11, 1972. Public Law 92-599 92nd Congress, H. R. 16810 An Act To provide for a temporary increase in the public debt limit and to place a limitation on expenditures and net lending for the fiscal year ending June 30, 1973. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, TITLE I-TEMPORARY INCREASE IN THE SEC. 101. During the period beginning on November 1, 1972, and ending on June 30, 1973, the public debt limit set forth in the first 86 STAT. 1324 Public debt limit. Temporary increase. sentence of section 21 of the Second Liberty Bond Act (31 U.S.C. 757b) Ante, p. shall be temporarily increased by $65,000,000,000. TITLE II-LIMITATION ON EXPENDITURES AND NET SEC. 201. (a) Expenditures and net lending during the fiscal year ending June 30, 1973, under the budget of the United States Government shall not exceed $250,000,000,000. (b) The provisions of this title shall cease to apply on the day after the date of the enactment of this Act and no action taken before such day under such provisions shall have any force or effect on or after such day. (c) In the administration of any program as to which— (1) the amount of expenditures is limited pursuant to subsection (a), and (2) the allocation, grant, apportionment, or other distribution of funds among recipients is required to be determined by application of a formula involving the amount appropriated or otherwise made available for distribution, the amount available for obligation (as determined by the President) shall be substituted for the amount appropriated or otherwise made available in the application of the formula. TITLE III-JOINT COMMITTEE TO REVIEW OPERATION 63. SEC. 301. (a) There is hereby established a joint committee com- Establishment; posed of thirty-two members appointed as follows: (1) seven members from the Committee on Ways and Means of the House of Representatives, appointed by the Speaker of the House; (2) seven members from the Committee on Appropriations of the House of Representatives, appointed by the Speaker of the House; (3) two additional Members of the House of Representatives, one from the majority party, and one from the minority party, appointed by the Speaker of the House; (4) seven members of the Committee on Finance of the Senate, appointed by the President pro tempore of the Senate; membership. |