A bill to amend the Congressional Budget and Impoundment Control Act of 1974 to modify the calculation of Federal deficits and maximum deficit amounts under the Balanced Budget and Emergency Deficit Control Act of 1985 and to notify the maximum deficit amounts set by the Balanced Budget and Emergency Deficit Control Act of 1985.

Summary

Amends Congressional Budget and Impoundment Control Act of 1974 provisions concerning the way in which Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Trust Fund receipts and outlays are treated when making Federal deficit determinations for FY 1990 through 1993. Includes in such calculations the excess of receipts and taxes over disbursements of the trust funds for FY 1989. Extends calculations of permissible maximum deficit amounts through FY 1994, to reach zero with respect to 1995.

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Timeline

1. 25 January 1989

   Introduced

   Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of of August 4, 1977 with instructions that if one Committee reports, the other Committe has thirty days of continous session to report or be discharged.

   Source: IntroReferral

2. 25 January 1989

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 January 1989

  Open at official source

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Sponsors

• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. Jeffords, James M. [I-VT] · R · Cosponsor
• · ssga00 · Standing
• · ssbu00 · Standing

Related records

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