Home > 106th Congressional Bills > H.R. 1259 (ih) To amend the Congressional Budget Act of 1974 to protect Social Security surpluses through strengthened budgetary enforcement mechanisms. [Introduced in House] ...

H.R. 1259 (ih) To amend the Congressional Budget Act of 1974 to protect Social Security surpluses through strengthened budgetary enforcement mechanisms. [Introduced in House] ...


Google
 
Web GovRecords.org


106th CONGRESS

  1st Session

                               H. R. 1259

_______________________________________________________________________

                                 AN ACT

    To amend the Congressional Budget Act of 1974 to protect Social 
     Security surpluses through strengthened budgetary enforcement 
                              mechanisms.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
106th CONGRESS
  1st Session
                                H. R. 1259

_______________________________________________________________________

                                 AN ACT


 
    To amend the Congressional Budget Act of 1974 to protect Social 
     Security surpluses through strengthened budgetary enforcement 
                              mechanisms.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Social Security and Medicare Safe 
Deposit Box Act of 1999''.

SEC. 2. FINDINGS AND PURPOSE.

    (a) Findings.--The Congress finds that--
            (1) the Congress and the President joined together to enact 
        the Balanced Budget Act of 1997 to end decades of deficit 
        spending;
            (2) strong economic growth and fiscal discipline have 
        resulted in strong revenue growth into the Treasury;
            (3) the combination of these factors is expected to enable 
        the Government to balance its budget without the Social 
        Security surpluses;
            (4) the Congress has chosen to allocate in this Act all 
        Social Security surpluses toward saving Social Security and 
        Medicare;
            (5) amounts so allocated are even greater than those 
        reserved for Social Security and Medicare in the President's 
        budget, will not require an increase in the statutory debt 
        limit, and will reduce debt held by the public until Social 
        Security and Medicare reform is enacted; and
            (6) this strict enforcement is needed to lock away the 
        amounts necessary for legislation to save Social Security and 
        Medicare.
    (b) Purpose.--It is the purpose of this Act to prohibit the use of 
Social Security surpluses for any purpose other than reforming Social 
Security and Medicare.

SEC. 3. PROTECTION OF SOCIAL SECURITY SURPLUSES.

    (a) Points of Order To Protect Social Security Surpluses.--Section 
312 of the Congressional Budget Act of 1974 is amended by adding at the 
end the following new subsection:
    ``(g) Points of Order To Protect Social Security Surpluses.--
            ``(1) Concurrent resolutions on the budget.--It shall not 
        be in order in the House of Representatives or the Senate to 
        consider any concurrent resolution on the budget, or conference 
        report thereon or amendment thereto, that would set forth an 
        on-budget deficit for any fiscal year.
            ``(2) Subsequent Legislation.--It shall not be in order in 
        the House of Representatives or the Senate to consider any 
        bill, joint resolution, amendment, motion, or conference report 
        if--
                    ``(A) the enactment of that bill or resolution as 
                reported;
                    ``(B) the adoption and enactment of that amendment; 
                or
                    ``(C) the enactment of that bill or resolution in 
                the form recommended in that conference report,
        would cause or increase an on-budget deficit for any fiscal 
        year.
            ``(3) Exception.--The point of order set forth in paragraph 
        (2) shall not apply to Social Security reform legislation or 
        Medicare reform legislation as defined by section 5(c) of the 
        Social Security and Medicare Safe Deposit Box Act of 1999.
            ``(4) Definition.--For purposes of this section, the term 
        `on-budget deficit', when applied to a fiscal year, means the 
        deficit in the budget as set forth in the most recently agreed 
        to concurrent resolution on the budget pursuant to section 
        301(a)(3) for that fiscal year.''.
    (b) Content of Concurrent Resolution on the Budget.--Section 301(a) 
of the Congressional Budget Act of 1974 is amended by redesignating 
paragraphs (6) and (7) as paragraphs (7) and (8), respectively, and by 
inserting after paragraph (5) the following new paragraph:
            ``(6) the receipts, outlays, and surplus or deficit in the 
        Federal Old-Age and Survivors Insurance Trust Fund and the 
        Federal Disability Insurance Trust Fund, combined, established 
        by title II of the Social Security Act;''.
    (c) Super Majority Requirement.--(1) Section 904(c)(1) of the 
Congressional Budget Act of 1974 is amended by inserting ``312(g),'' 
after ``310(d)(2),''.
    (2) Section 904(d)(2) of the Congressional Budget Act of 1974 is 
amended by inserting ``312(g),'' after ``310(d)(2),''.

SEC. 4. REMOVING SOCIAL SECURITY FROM BUDGET PRONOUNCEMENTS.

    (a) In General.--Any official statement issued by the Office of 
Management and Budget, the Congressional Budget Office, or any other 
agency or instrumentality of the Federal Government of surplus or 
deficit totals of the budget of the United States Government as 
submitted by the President or of the surplus or deficit totals of the 
congressional budget, and any description of, or reference to, such 
totals in any official publication or material issued by either of such 
Offices or any other such agency or instrumentality, shall exclude the 
outlays and receipts of the old-age, survivors, and disability 
insurance program under title II of the Social Security Act (including 
the Federal Old-Age and Survivors Insurance Trust Fund and the Federal 
Disability Insurance Trust Fund) and the related provisions of the 
Internal Revenue Code of 1986.
    (b) Separate Social Security Budget Documents.--The excluded 
outlays and receipts of the old-age, survivors, and disability 
insurance program under title II of the Social Security Act shall be 
submitted in separate Social Security budget documents.

SEC. 5. EFFECTIVE DATE.

    (a) In General.--This Act shall take effect upon the date of its 
enactment and the amendments made by this Act shall apply only to 
fiscal year 2000 and subsequent fiscal years.
    (b) Expiration.--Sections 301(a)(6) and 312(g) shall expire upon 
the enactment of Social Security reform legislation and Medicare reform 
legislation.
    (c) Definitions.--
            (1) Social security reform legislation.--The term ``Social 
        Security reform legislation'' means a bill or a joint 
        resolution that is enacted into law and includes a provision 
        stating the following: ``For purposes of the Social Security 
        and Medicare Safe Deposit Box Act of 1999, this Act constitutes 
        Social Security reform legislation.''.
            (2) The term ``Medicare reform legislation'' means a bill 
        or a joint resolution that is enacted into law and includes a 
        provision stating the following: ``For purposes of the Social 
        Security and Medicare Safe Deposit Box Act of 1999, this Act 
        constitutes Medicare reform legislation.''.

            Passed the House of Representatives May 26, 1999.

            Attest:

                                                                 Clerk.

Pages: 1

Other Popular 106th Congressional Bills Documents:

1 H.J.Res. 122 (ih) Making further continuing appropriations for the fiscal year 2001, and for other purposes. [Introduced in House] ...
2 S. 2945 (is) For the relief of David Bale. [Introduced in Senate] ...
3 H.R. 4275 (ih) To establish the Colorado Canyons National Conservation Area and the Black Ridge Canyons Wilderness, and for other purposes. [Introduced in House] ...
4 S. 397 (es) To authorize the Secretary of Energy to establish a multiagency program [Engrossed in Senate] ...
5 S. 1629 (enr) To provide for the exchange of certain land in the State of Oregon. [Enrolled bill] ...
6 S.J.Res. 39 (is) Recognizing the 50th anniversary of the Korean War and the service by members of the Armed Forces during such war, and for other purposes. [Introduced in Senate] ...
7 H.Res. 450 (eh) [Engrossed in House] ...
8 S. 2202 (is) To reliquidate certain entries of tomato sauce preparation. Entry Number Date of Entry [Introduced in Senate] ...
9 S.Con.Res. 151 (enr) [Enrolled bill] ...
10 H.R. 1590 (ih) To provide retirement security for all Americans. [Introduced in House] ...
11 H.R. 3519 (ih) To provide for negotiations for the creation of a trust fund to be administered by the International Bank for Reconstruction and Development or the International Development Association to combat the AIDS epidemic. [Introduced in House] %%F...
12 S. 2677 (rs) To restrict assistance until certain conditions are satisfied and to support democratic and economic transition in Zimbabwe. [Reported in Senate] ...
13 H.R. 4945 (rh) To amend the Small Business Act to strengthen existing protections for small business participation in the Federal procurement contracting process, and for other purposes. [Reported in House] ...
14 S. 415 (is) To protect the permanent trust funds of the State of Arizona from erosion due to inflation and modify the basis on which distributions are made from those funds. [Introduced in Senate] ...
15 H.R. 550 (ih) To amend title 10, United States Code, to provide that persons who have been convicted of a capital crime may not be awarded the Purple Heart. [Introduced in House] ...
16 H.R. 3050 (ih) To provide for the posthumous advancement of Rear Admiral (retired) Husband E. Kimmel and Major General (retired) Walter C. Short on the retired lists of their respective services. [Introduced in House] ...
17 S. 453 (es) To designate the Federal building located at 709 West 9th Street in Juneau, Alaska, as the ``Hurff A. Saunders Federal Building''. [Engrossed in Senate] ...
18 H.R. 5567 (ih) An act to authorize funding for successful reentry of criminal offenders into local communities [Introduced in House] ...
19 H.Res. 285 (ih) Expressing the sense of the House of Representatives regarding the [Introduced in House] ...
20 H.R. 833 (eh) To amend title 11 of the United States Code, and for other purposes. [Engrossed in House] ...
21 H.R. 1504 (ih) To streamline, modernize, and enhance the authority of the Secretary of Agriculture relating to plant protection and quarantine, and for other purposes. [Introduced in House] ...
22 H.R. 4866 (ih) To provide for reconciliation pursuant to section 103(b)(1) of the concurrent resolution on the budget for fiscal year 2001 to reduce the public debt and to decrease the statutory limit on the public debt. [Introduced in House] %%Filename:...
23 H.R. 5494 (ih) To ensure that certain property which was taken into trust by the United States for the benefit of the Poarch Band of Creek Indians of Alabama to protect such land from development shall not be used for gaming. [Introduced in House] %%Filen...
24 H.R. 5239 (ih) To provide for increased penalties for violations of the Export Administration Act of 1979, and for other purposes. [Introduced in House] ...
25 H.R. 4654 (ih) To protect United States military personnel and other elected and appointed officials of the United States Government against criminal prosecution by an international criminal court to which the United States is not a party. [Introduced in...
26 H.Res. 457 (eh) [Engrossed in House] ...
27 H.R. 5123 (ih) To require the Secretary of Education to provide notification to States and State educational agencies regarding the availability of certain administrative funds to establish school safety hotlines. [Introduced in House] ...
28 H.J.Res. 126 (eh) Making further continuing appropriations for the fiscal year 2001, and for other purposes. [Engrossed in House] ...
29 S. 1482 (es) To amend the National Marine Sanctuaries Act, and for other purposes. [Engrossed in Senate] ...
30 H.R. 1021 (ih) To amend the Internal Revenue Code of 1986 to allow small employers a credit against income tax for costs incurred in establishing a qualified employer plan. [Introduced in House] ...


Other Documents:

106th Congressional Bills Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy