[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1587 Introduced in Senate (IS)]







105th CONGRESS
  2d Session
                                S. 1587

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
    to ensure the continued enforcement of the pay-as-you-go budget 
   requirement until such time as the budget is balanced in order to 
 protect the social security trust funds, the Federal military retiree 
trust fund, the highway trust funds, the medicare trust fund, the civil 
  service retirement trust fund, the unemployment trust fund, and the 
                          airports trust fund.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 29, 1998

 Mr. Hollings introduced the following bill; which was read twice and 
 referred jointly pursuant to the order of August 4, 1977, as modified 
 by the order of April 11, 1986, to the Committees on the Budget, and 
Governmental Affairs, with instructions that if one committee reports, 
    the other committee have thirty days to report or be discharged.

_______________________________________________________________________

                                 A BILL


 
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
    to ensure the continued enforcement of the pay-as-you-go budget 
   requirement until such time as the budget is balanced in order to 
 protect the social security trust funds, the Federal military retiree 
trust fund, the highway trust funds, the medicare trust fund, the civil 
  service retirement trust fund, the unemployment trust fund, and the 
                          airports trust fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pay-as-you-go Extension Act''.

SEC. 2. AMENDMENT TO THE BALANCED BUDGET ACT.

    Section 252(a) of the Balanced Budget and Emergency Deficit Control 
Act of 1985 is amended by adding at the end the following: ``This 
section shall be effective until the Federal budget excluding the 
receipts and disbursements of the social security trust funds, and any 
other Federal trust fund included in the gross Federal debt is in 
balance or surplus.''.
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