; or (B) designated as such by the chair or ranking member of the Committee on the Budget for all direct spending legislation other than revenue legislation or the Member who is chair or vice chair, as applicable, of the Joint Committee on Taxation for revenue legislation; and (2) the term budgetary effects means changes in revenues, outlays, and deficits. . (b) Clerical amendment The table of contents set forth in section 1(b) of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 621 note) is amended by inserting after the item relating to section 406 the following new item: 407. Estimates of major legislation. .