Surplus Protection Act of 1997

Summary

Surplus Protection Act of 1997 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide that the purpose of pay-as-you-go provisions is to ensure that legislation (currently, legislation enacted before FY 2002) affecting direct spending or receipts that results in a net budget increase (currently, increases the deficit) will trigger an offsetting sequestration, except to the extent that the total budget surplus exceeds the social security surplus. Extends pay-as-you-go and other specified provisions through FY 2008. Defines "budget increase" and "budget decrease" to mean, for purposes of pay-as-you-go provisions, an increase or decrease, respectively, in direct spending outlays or a decrease or increase, respectively, in receipts relative to the baseline. Requires a sequestration to offset the amount of any net budget (currently, deficit) increase caused by all direct spending and receipts legislation. Applies a sequestration for a fiscal year only to the extent that any surplus, before the sequestration in the total budget (which includes both on- and off-budget Government accounts), is less than the combined surplus for that year in the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.

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Timeline

1. 30 September 1997

   Introduced

   Referred to the House Committee on the Budget.

   Source: IntroReferral

2. 30 September 1997

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 September 1997

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 September 1997 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 September 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 September 1997

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 30 September 1997

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Minge, David [D-MN-2] · D · Sponsor
• Rep. Condit, Gary A. [D-CA-18] · D · Sponsor
• Rep. Neumann, Mark W. [R-WI-1] · R · Sponsor
• Rep. Frost, Martin [D-TX-24] · D · Sponsor
• Rep. Tanner, John S. [D-TN-8] · D · Sponsor
• Rep. Sandlin, Max [D-TX-1] · D · Sponsor
• Rep. Spratt, John M., Jr. [D-SC-5] · D · Cosponsor
• Rep. Pomeroy, Earl [D-ND-At Large] · D · Cosponsor
• Rep. Luther, Bill [D-MN-6] · D · Cosponsor
• Rep. Visclosky, Peter J. [D-IN-1] · D · Cosponsor
• Rep. Davis, Jim [D-FL-11] · D · Cosponsor
• Rep. Berry, Marion [D-AR-1] · D · Cosponsor
• Rep. John, Christopher [D-LA-7] · D · Cosponsor
• Rep. Kind, Ron [D-WI-3] · D · Cosponsor
• Rep. Edwards, Chet [D-TX-17] · D · Cosponsor
• · hsbu00 · Standing

Related records

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