Social Security Truth in Budgeting Act

Summary

Social Security Truth in Budgeting Act - Amends the Congressional Budget and Impoundment Control Act of 1974 to exclude, beginning with FY 1990, Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund receipts and outlays from Federal deficit determinations for purposes of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Increases the permissible maximum deficit amounts for FY 1990 through 1992. Establishes allowable maximum deficits for FY 1993 and 1996, to reach zero with respect to FY 1997. Prohibits the Congress from considering legislation that: (1) includes the reserves of the social security trust funds in deficit calculations; or (2) modifies current law with respect to the use of such reserves.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 12 October 1989

  Open at official source

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