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United States · Bill · HR

H.R. 5173 (106th)

Debt Relief Lock-box Reconciliation Act for Fiscal Year 2001

openUnited States· United States Congress· EN

Introduced

14 September 2000

Last action

20 September 2000 · Calendars

Status

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 815.

Sponsors

Rep. Fletcher, Ernie [R-KY-6], Rep. Herger, Wally [R-CA-2], Rep. Archer, Bill [R-TX-7], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Nussle, Jim [R-IA-2], Rep. Crane, Philip M. [R-IL-8], Rep. Miller, Gary G. [R-CA-42], Rep. Lewis, Ron [R-KY-2], Rep. Kuykendall, Steven T. [R-CA-36], Rep. Tancredo, Thomas G. [R-CO-6], Rep. Camp, Dave [R-MI-4], Rep. Dunn, Jennifer [R-WA-8], Rep. Hayworth, J. D. [R-AZ-5], Rep. English, Phil [R-PA-3], Rep. Johnson, Sam [R-TX-3], Sen. Portman, Rob [R-OH], Rep. Ramstad, Jim [R-MN-3], Rep. Green, Mark [R-WI-8], Sen. Thune, John [R-SD], Rep. Royce, Edward R. [R-CA-39], Rep. Gallegly, Elton [R-CA-24], Sen. Talent, Jim [R-MO]

Subjects

Taxation, Budget

Source updated

7 April 2025

Taxation · Budget

Official sourceDownload fileView documentsShare

Summary

Debt Relief Lock-box Reconciliation Act for Fiscal Year 2001 - Title I: Debt Reduction Lock-Box - Amends Federal public finance provisions to establish the Public Debt Reduction Payment Account in the Treasury. Requires the Secretary of the Treasury to use amounts in the Account to pay at maturity, or redeem or buy before maturity, any Government obligation held by the public and included in the public debt. Provides that any obligation which is paid, redeemed, or bought with amounts from the Account shall be canceled and retired and prohibits its reissuance. Appropriates funds for the Account. Prohibits such appropriation from being considered as direct spending for purposes of pay-as-you-go provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). (Sec. 102) Reduces the public debt limit by the amount appropriated into the Account. (Sec. 103) Bars Account receipts and disbursements from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of : (1) the Federal Government budget as submitted by the President; (2) the congressional budget; or (3) the Gramm-Rudman-Hollings Act. (Sec. 105) Requires the Secretary to report to specified congressional committees on the Account. Title II: Social Security and Medicare Lock-Box - Amends H. Con. Res. 290 (106th Congress) to replace a point of order in the House of Representatives or the Senate against consideration of any revision of such resolution or any concurrent budget resolution for FY 2002 that sets forth a deficit for any fiscal year with one that provides a point of order against consideration of any budget resolution that sets forth a surplus for any fiscal year that is less than the surplus of the Federal Hospital Insurance Trust Fund for such year. Makes it out of order in the House or the Senate to consider any bill, joint resolution, amendment, motion, or conference report if the enactment of the reported bill or resolution, the adoption and enactment of an amendment, or the enactment of a bill or resolution in the form recommended in the conference report would cause the on-budget surplus for any fiscal year to be less than the projected surplus of the Federal Hospital Insurance Trust Fund for such year or increase the amount by which the on-budget surplus for any fiscal year would be less than such trust fund surplus for that year. Makes such point of order inapplicable to social security or Medicare reform legislation. Requires any Federal budget submitted by the President that recommends an on-budget surplus for any fiscal year that is less than the surplus of the Federal Hospital Insurance Trust Fund for such year to include proposed legislative language for social security or Medicare reform legislation. Makes the lock-box requirements of H. Con. Res. 290 (106th Congress) and the preceding paragraph inapplicable upon the enactment of social security and Medicare reform legislation. Defines "social security reform legislation" and "Medicare reform legislation" as a bill or joint resolution to save social security or Medicare, respectively, that specifies that it constitutes reform legislation for purposes of such resolution. (Sec. 202) Requires any official Federal Government statement of the Federal or congressional budget surplus or deficit totals to exclude the outlays and receipts of the Old-Age, Survivors, and Disability Insurance Program under the Social Security Act. Requires such outlays and receipts to be submitted in separate social security budget documents.

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

Timeline

  1. 14 September 2000

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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. 14 September 2000

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 September 2000

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 14 September 2000

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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

  5. 18 September 2000

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  6. 18 September 2000

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 3 (Roll no. 477). (text: CR H7679-7681)

    Source: Floor

  7. 18 September 2000

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 381 - 3 (Roll no. 477).(text: CR H7679-7681)

    Source: Floor

  8. 18 September 2000

    Floor

    Considered under suspension of the rules. (consideration: CR H7679-7687)

    Source: Floor

  9. 18 September 2000

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  10. 18 September 2000

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5173.

    Source: Floor

  11. 18 September 2000

    Floor

    Mr. Herger moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  12. 18 September 2000

    Calendars

    Placed on the Union Calendar, Calendar No. 518.

    Source: Calendars

  13. 18 September 2000

    Discharge

    Committee on The Budget discharged.

    Source: Discharge

  14. 18 September 2000

    Introduced

    House Committee on The Budget Granted an extension for further consideration ending not later than Sept. 18, 2000.

    Source: IntroReferral

  15. 18 September 2000

    Committee

    Committee on The Budget discharged.

    Source: Committee

  16. 18 September 2000

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 106-862, Part I.

    Source: Committee

  17. 18 September 2000

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 106-862, Part I.

    Source: Committee

  18. 19 September 2000

    Calendars

    Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    Source: Calendars

  19. 20 September 2000

    Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 815.

    Source: Calendars

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Placed on Calendar Senate (text)

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 20 September 2000

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  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 20 September 2000

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  • Engrossed in House (text)

    Engrossed in House · EN · 18 September 2000

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 18 September 2000

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  • Reported in House (text)

    Reported in House · EN · 18 September 2000

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  • Reported in House (PDF)

    Reported in House · EN · 18 September 2000

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  • Passed House amended

    summary · EN · 18 September 2000

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  • Reported to House with amendment(s)

    summary · EN · 18 September 2000

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  • Introduced in House (text)

    Introduced in House · EN · 14 September 2000

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  • Introduced in House (PDF)

    Introduced in House · EN · 14 September 2000

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  • Introduced in House

    summary · EN · 14 September 2000

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Sponsors

Related records

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Sources

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