[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 40 Introduced in House (IH)]







106th CONGRESS
  1st Session
H. J. RES. 40

    Proposing an amendment to the Constitution of the United States 
 relating to the budgetary treatment of the Federal programs currently 
 known as the old-age, survivors, and disability insurance program and 
                    the hospital insurance program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 16, 1999

  Mr. Traficant introduced the following joint resolution; which was 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                            JOINT RESOLUTION


 
    Proposing an amendment to the Constitution of the United States 
 relating to the budgetary treatment of the Federal programs currently 
 known as the old-age, survivors, and disability insurance program and 
                    the hospital insurance program.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled (two-thirds of each House 
concurring therein), That the following article is proposed as an 
amendment to the Constitution of the United States, which shall be 
valid to all intents and purposes as part of the Constitution when 
ratified by the legislatures of three-fourths of the several States 
within seven years after the date of its submission for ratification:

                              ``Article --

    ``The moneys of the United States held for purposes of the old-age, 
survivors, and disability insurance program and the hospital insurance 
program maintained under the Social Security Act and related laws of 
the United States as in effect on or after the date of the ratification 
of this article, or any other similar programs subsequently maintained 
under the laws of the United States, shall be held in separate and 
independent trust funds and shall be segregated from all other moneys 
of the United States. The receipts and disbursements of such programs 
(including revenues dedicated to such programs) shall not be included 
in any budget totals set forth in the budget of the United States 
Government as prepared by the President or any budget prepared by the 
Congress. The Congress may make no law authorizing the use of such 
trust funds for any purpose other than for providing for the prompt and 
effective payment of benefits, payment of administrative expenses, and 
payment of such amounts as may be necessary and appropriate to correct 
prior incorrect payments. No agency or instrumentality of the United 
States, or any officer or employee thereof, may use or authorize the 
use of such trust funds for any purpose other than as authorized by the 
Congress in accordance with this 
article.''.
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