To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to protect Social Security trust funds and save Social Security surpluses for Social Security.

Summary

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman- Hollings Act) to require a sequestration to reduce the amount of discretionary outlays in the current policy baseline for the budget year of the affected congressional session to a level equal to total non-social security receipts. Provides that, if: (1) after June 30, any discretionary appropriation is enacted that would cause total non-social security outlays to exceed total non- social security receipts (after taking into account a sequestration), the discretionary spending limits shall be reduced by the amount of the excess; and (2) after Congress adjourns to end the session for a budget year but before July 1 of that fiscal year, an appropriation for that fiscal year is enacted that would cause such outlays to exceed such receipts, there shall be a sequestration to eliminate the excess. Applies this Act beginning with FY 2000.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 5 October 1999

   Introduced

   Referred to the House Committee on the Budget.

   Source: IntroReferral

2. 5 October 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 October 1999

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 October 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 October 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 October 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 October 1999

  Open at official source

Sponsors

• JOE BARTON · R · Sponsor
• Rep. McIntosh, David M. [R-IN-2] · R · Sponsor
• Rep. Pickering, Charles W. "Chip" [R-MS-3] · R · Sponsor
• Rep. Kasich, John R. [R-OH-12] · R · Sponsor
• DANA ROHRABACHER · R · Cosponsor
• Sen. Sununu, John E. [R-NH] · R · Cosponsor
• Rep. Metcalf, Jack [R-WA-2] · R · Cosponsor
• Sen. Coburn, Tom [R-OK] · R · Cosponsor
• Pete Sessions · R · Cosponsor
• Sen. Chambliss, Saxby [R-GA] · R · Cosponsor
• JOHN SHIMKUS · R · Cosponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• Rep. Tancredo, Thomas G. [R-CO-6] · R · Cosponsor
• Rep. Miller, Gary G. [R-CA-31] · R · Cosponsor
• · hsbu00 · Standing

Related records

No cross-record relationships stored yet.