[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 2651 Referral Instructions Senate (RIS)]







105th CONGRESS
  2d Session
                                S. 2651

   To provide for a Presidential Budget in the Fiscal Year 2000 with 
Spending Reductions that will offset the emergency spending for Fiscal 
                               Year 1999.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             October 21 (legislative day, October 2), 1998

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

_______________________________________________________________________

                                 A BILL


 
   To provide for a Presidential Budget in the Fiscal Year 2000 with 
Spending Reductions that will offset the emergency spending for Fiscal 
                               Year 1999.

    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 shall be entitled ``Save the Surplus Act of 1998''.

SEC. 2. SPENDING REDUCTIONS TO MATCH SURPLUS SPENDING.

    Notwithstanding any other provision of law, the President shall in 
addition to the Federal Budget that is prepared by the President for 
fiscal year 2000, prepare an alternative Federal Budget for the 
Congress identifying spending reductions equal to $20,900,000,000 for 
the purpose of ensuring that surplus funds in the fiscal year 1999 are 
not spent for Government programs other than the Social Security Trust 
Funds.
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