To express the sense of Congress regarding the use of a safety mechanism to link long-term Federal budget surplus reductions with actual budgetary outcomes.

Summary

Expresses the sense of Congress calling for use of a legislative "trigger" mechanism that: (1) links the phase in of long-term, Federal surplus-reducing actions adopted by the 107th Congress to actual budgetary outcomes over the next ten fiscal years; and (2) outlines specific action that shall be taken should specified levels of Federal debt reduction or on-budget surpluses not be realized, in order to maintain fiscal discipline and continue reducing the national debt.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 March 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 7 March 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 March 2001

  Open at official source

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