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COMMITTEE ON THE BUDGET

UNITED STATES SENATE

SEPTEMBER 15, 1980

Printed for the use of the Committee on the Budget

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1980

FOREWORD

On June 12, 1980, Congress completed action on the First Concurrent Resolution on the Budget for Fiscal Year 1981. That Resolution contained, for the first time in the history of the Congressional Budget Process, reconciliation instructions to eight separate committees. Those instructions require changes in existing law to save $4.95 billion in budget authority and $6.4 billion in outlays and to increase revenues by $4.2 billion.

On June 30, the Senate passed S. 2885, a bill to make reconciliation savings. Together with other Senate actions completed or underway, that bill would save $4.5 billion in budget authority and $7.2 billion in outlays on the basis of current estimates.

On July 23, the Senate passed S. 2939, a reconciliation bill to increase revenues by $4.2 billion during fiscal year 1981.

On September 4, the House of Representatives passed H.R. 7765, a bill to make reconciliation savings and to provide for the revenue increases mandated in the reconciliation instructions. Together with other House actions completed or underway, that bill would save $4.2 billion in budget authority and $5.7 billion in outlays on the basis of current estimates. It would also increase revenues by $3.9 billion.

This Senate Budget Committee print contains a legislative history of the savings and revenue changes reported by each of the eight Senate committees and adopted by the Senate in S. 2885 and S. 2939. In each case, the analyses of the respective committees are presented without revision. These materials previously appeared in the Congressional Record for June 26 at pages S8230 through S8340 and in the Congressional Record for July 2 at pages S9315 through S9326.

The Committee print is designed to provide a title-by-title analysis of the Senate-passed savings and revenue measures in order to facilitate the work of the House-Senate Conference on the reconciliation legislation and to make available in a single document an important part of the legislative history of the Senate legislation.

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