June 18, 1979
Page 15197
Mr. MUSKIE. Mr. President, I thank my good friend from Mississippi and I congratulate him and the Senate conferees for holding the conference report within the limits of the budget resolution.
Mr. President, I comment on the Department of Defense supplemental authorization conference agreement for weapons programs for fiscal year 1979. The conference agreement provides for $2 billion in budget authority and $1 billion in fiscal year 1979 outlays for function 050, national defense. The conference agreement also impacts on function 150, international affairs, because of transactions associated with the foreign military sales trust fund and the Iranian Government's cancellation of several weapons programs. The impact on function 150 provides for an offsetting deduction of $1 billion in budget authority and $800 million in outlays for fiscal year 1979. Thus, the net budget cost of the conference agreement for fiscal year 1979 is $1 billion in budget authority and$200 million in outlays.
These totals are consistent with the budget resolution assumptions regarding the fiscal year 1979 weapons supplemental. I congratulate Senator STENNIS for his efforts regarding this legislative measure and I support the conference agreement.
Mr. STENNIS. We thank the Senator from Maine and his cohorts for their assistance.