[Federal Register Volume 62, Number 201 (Friday, October 17, 1997)]
[Notices]
[Page 54338]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27914]
[[Page 54337]]
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Part V
Office of Management and Budget
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Cancellation Pursuant to Line Item Veto Act; Treasury and General
Government Appropriations Act, 1998; Notices
Federal Register / Vol. 62, No. 201 / Friday, October 17, 1997 /
Notices
[[Page 54338]]
OFFICE OF MANAGEMENT AND BUDGET
Cancellation Pursuant to Line Item Veto Act; Treasury and General
Government Appropriations Act, 1998
October 16, 1997.
One Special Message from the President under the Line Item Veto Act
is published below. The President signed this message on October 16,
1997. Under the Act, the message is required to be printed in the
Federal Register (2 U.S.C. 691a(c)(2)).
Clarence C. Crawford,
Associate Director for Administration.
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THE WHITE HOUSE
Washington,
October 16, 1997.
Dear Mr. Speaker:
In accordance with the Line Item Veto Act, I hereby cancel the
dollar amount of discretionary budget authority, as specified in the
attached report, contained in the ``Treasury and General Government
Appropriations Act, 1998'' (Public Law 105-61; H.R. 2378). I have
determined that the cancellation of this amount will reduce the
Federal budget deficit, will not impair any essential Government
functions, and will not harm the national interest. This letter,
together with its attachment, constitutes a special message under
section 1022 of the Congressional Budget and Impoundment Control Act
of 1974, as amended.
Sincerely,
William J. Clinton.
The Honorable Newt Gingrich,
Speaker of the House of Representatives, Washington, D.C. 20515.
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THE WHITE HOUSE
Washington,
October 16, 1997.
Dear Mr. President:
In accordance with the Line Item Veto Act, I hereby cancel the
dollar amount of discretionary budget authority, as specified in the
attached report, contained in the ``Treasury and General Government
Appropriations Act, 1998'' (Public Law 105-61; H.R. 2378). I have
determined that the cancellation of this amount will reduce the
Federal budget deficit, will not impair any essential Government
functions, and will not harm the national interest. This letter,
together with its attachment, constitutes a special message under
section 1022 of the Congressional Budget and Impoundment Control Act
of 1974, as amended.
Sincerely,
William J. Clinton.
The Honorable Albert Gore, Jr.,
President of the Senate, Washington, D.C. 20510.
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Cancellation No. 97-56
CANCELLATION OF DOLLAR AMOUNT OF DISCRETIONARY BUDGET AUTHORITY
Report Pursuant to the Line Item Veto Act, P.L. 104-130
Bill Citation: ``Treasury and General Government Appropriations
Act, 1998'' (H.R. 2378).
1(A). Dollar Amount of Discretionary Budget Authority: $8,000
thousand in FY 1998, $183,000 thousand in FY 1999, $209,000 thousand in
FY 2000, $221,000 thousand in FY 2001, and $233,000 thousand in FY 2002
due to reductions in employee contributions to the Civil Service
Retirement and Disability Fund (CSRDF). These reduced contributions
would result from employee elections to switch retirement coverage to
the Federal Employees Retirement System (FERS) from enrollment in the
Civil Service Retirement System (CSRS) that is authorized by Section
642.
1(B). Determinations: This cancellation will reduce the Federal
budget deficit, will not impair any essential Government functions, and
will not harm the national interest.
1(C), (E). Reasons for Cancellation; Facts, Circumstances, and
Considerations Relating to or Bearing Upon the Cancellation; and
Estimated Effect of Cancellation on Objects, Purposes, and Programs:
Section 642 would require the Office of Personnel Management to conduct
an Open Season to permit Federal employees to switch enrollment from
CSRS to FERS between July 1, 1998 and December 31, 1998. The estimated
impact is the net reduction in employee contributions to the CSRDF
trust fund from 7 percent of pay under CSRS to 0.8 percent under FERS.
It is estimated that 5 percent of CSRS-covered employees would switch.
This provision is being canceled because: (1) it would require the
employing agencies to absorb increased retirement costs, using funds
that otherwise would be available for payroll and other agency needs;
(2) it would inhibit agency downsizing and restructuring efforts by
discouraging voluntary turnover; (3) it was not requested in the
President's FY 1998 budget; and (4) it was not the subject of extensive
deliberation and debate prior to enactment.
1(D). Estimated Fiscal, Economic, and Budgetary Effect of
Cancellation: As a result of the cancellation, Federal receipts will
not decrease, as specified below. This will have a commensurate effect
on the Federal budget deficit and, to that extent, will have a
beneficial effect on the economy.
Receipt changes
[In thousands of dollars]
Fiscal year:
1998.................................................... -8,000
1999.................................................... -183,000
2000.................................................... -209,000
2001.................................................... -221,000
2002.................................................... -233,000
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Total................................................. -854,000
1(F). Adjustments to Non-Defense Discretionary Spending Limits
Budget authority: The estimated budget authority effect for each
year is equal to the receipt changes shown above.
Outlays: The estimated outlay effect for each year is equal to the
receipt changes shown above.
Evaluation of Effects of These Adjustments upon Sequestration
Procedures: If a sequestration were required, such sequestration would
occur at levels that are reduced by the amounts above.
2(A). Agency: Office of Personnel Management.
2(A). Bureau: None.
2(A). Governmental Function/Project (Account): Civil Service
retirement (Civil Service Retirement and Disability Fund).
2(B). States and Congressional Districts Affected: All.
2(C). Total Number of Cancellations (inclusive) in Current Session
in each State and District identified above: The provision would have
had a national effect.
[FR Doc. 97-27914 Filed 10-16-97; 4:12 pm]
BILLING CODE 3110-01-P
