; and (4) by striking subsection (l) and inserting the following: (l) Definitions For purposes of this section: (1) Target offsetting collection amount The target offsetting collection amount for a fiscal year is— (A) for fiscal year 2017, $1,400,000,000; and (B) for each succeeding fiscal year, the target offsetting collection amount for the prior fiscal year, adjusted by the rate of inflation. (2) Baseline estimate of the aggregate dollar amount of sales The baseline estimate of the aggregate dollar amount of sales for any fiscal year is the baseline estimate of the aggregate dollar amount of sales of securities (other than bonds, debentures, other evidences of indebtedness, security futures products, and options on securities indexes (excluding a narrow-based security index)) to be transacted on each national securities exchange and by or through any member of each national securities association (otherwise than on a national securities exchange) during such fiscal year as determined by the Commission, after consultation with the Congressional Budget Office and the Office of Management and Budget, using the methodology required for making projections pursuant to section 257 of the Balanced Budget and Emergency Deficit Control Act of 1985. . (b) Section 6 (b) of the Securities Act of 1933 Section 6(b) of the Securities Act of 1933 ( 15 U.S.C. 77f(b) ) is amended— (1) by striking target fee collection amount each place it appears and inserting target offsetting collection amount ; (2) in paragraph (4), by striking the last sentence and inserting the following: Subject to paragraphs (6)(B) and (7), an adjusted rate prescribed under paragraph (2) shall take effect on the later of— (A) the first day of the fiscal year to which such rate applies; or (B) five days after the date on which a regular appropriation to the Commission for such fiscal year is enacted. ; (3) in paragraph (5), by inserting of the Securities Exchange Act of 1934 after sections 13(e) and 14(g)