Social Security and Medicare Surplus Protection Act of 2000

Summary

Social Security and Medicare Surplus Protection Act of 2000 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require, after any sequestration of budget-year budgetary resources under discretionary spending limit or pay-as-you-go enforcement provisions, a sequestration equivalent to the estimated net surplus in the social security and Medicare trust funds (Federal Old-Age and Survivors, Disability Insurance, Hospital Insurance, and Supplementary Medical Insurance Trust Funds) for the budget year as estimated by the Secretary of the Treasury in order to reduce the public debt. Includes information on sequestration to reduce the public debt in reports issued by the Office of Management and Budget and the Congressional Budget Office. Applies this Act's amendments, beginning in FY 2001, and terminates its effectiveness after the earlier of: (1) the first fiscal year during which there is no public debt; or (2) the fiscal year during which there is enacted legislation which is determined, under Government budgeting and scoring principles, to keep social security and Medicare solvent.

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

Timeline

1. 20 June 2000

   Introduced

   Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 20 June 2000

   Introduced

   Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 20 June 2000

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 June 2000

   Introduced

   Introduced in House

   Source: IntroReferral

5. 15 December 2000

   Introduced

   Rereferred to the House Committee on the Budget.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 June 2000 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 June 2000

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 June 2000

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 June 2000

  Open at official source

Sponsors

• Rep. Smith, Nick [R-MI-7] · R · Sponsor
• · hsbu00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.