Establishing procedures making the transmission of the continuing resolution (H.J. Res. 134) to the President contingent upon the submission by the President of a 7-year balanced budget using updated economic and technical assumptions of the Congressional Budget Office.

[AI summary unavailable — showing source text] Prohibits the Committee on House Oversight from presenting to the President H.J. Res. 134 (continuing appropriations) until the Speaker of the House notifies such Committee that: (1) the President has submitted to the Congress a plan to achieve a balanced budget by FY 2002; and (2) the Director of the Congressional Budget Office (CBO) has certified that the plan achieves a balanced budget based on CBO economic and technical assumptions.…