Social Security Fiscal Protection Act of 1999

Summary

Social Security Fiscal Protection Act of 1999 - Requires: (1) off-budget treatment of the receipts and disbursements (R&D) of the social security trust funds supporting title II (Old Age, Survivors and Disability Insurance) of the Social Security Act; and (2) exclusion of R&D and related-revenues from required surplus and deficit totals under the Congressional Budget Act of 1974 and under other specified Federal budget law as well as from official Office of Management and Budget and Congressional Budget Office statements, publications, and materials relating to presidential or congressional budget surplus or deficit totals. Directs the Secretary of the Treasury to maintain throughout each month, in a secure repository or repositories, cash in a total amount equal to the total redemption value of all obligations appropriately issued to the social security trust funds that are outstanding on the first day of such month.

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Documents

3 official files

• Referral Instructions Senate (text)

  Referral Instructions Senate · EN · 15 March 1999

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• Referral Instructions Senate (PDF)

  Referral Instructions Senate · EN · 15 March 1999

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• Introduced in Senate

  summary · EN · 15 March 1999

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