[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 167 Introduced in House (IH)]

  1st Session
                                H. R. 167

   To reaffirm the off-budget status of the old-age, survivors, and 
disability insurance program under title II of the Social Security Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 1999

  Mr. Klink introduced the following bill; which was referred to the 
 Committee on Ways and Means, and in addition to the Committee on the 
 Budget, for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
   To reaffirm the off-budget status of the old-age, survivors, and 
disability insurance program under title II of the Social Security Act.

    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 ``Social Security Preservation Act''.

SEC. 2. OFF-BUDGET STATUS OF SOCIAL SECURITY TRUST FUNDS.

    Notwithstanding any other provision of law, the receipts and 
disbursements of the Federal Old-Age and Survivors Insurance Trust Fund 
and the Federal Disability Insurance Trust Fund shall not be counted as 
new budget authority, outlays, receipts, or deficit or surplus for 
purposes of--
            (1) the budget of the United States Government as submitted 
        by the President,
            (2) the congressional budget, or
            (3) the Balanced Budget and Emergency Deficit Control Act 
        of 1985.

SEC. 3. EXCLUSION OF RECEIPTS AND DISBURSEMENTS FROM SURPLUS AND 
              DEFICIT TOTALS.

    The receipts and disbursements of the old-age, survivors, and 
disability insurance program established under title II of the Social 
Security Act and the revenues under sections 86, 1401, 3101, and 3111 
of the Internal Revenue Code of 1986 related to such program shall not 
be included in any surplus or deficit totals required under the 
Congressional Budget Act of 1974 or chapter 11 of title 31, United 
States Code.

SEC. 4. CONFORMITY OF OFFICIAL STATEMENTS TO BUDGETARY REQUIREMENTS.

    Any official statement issued by the Office of Management and 
Budget or by the Congressional Budget Office of surplus or deficit 
totals of the budget of the United States Government as submitted by 
the President or of the surplus or deficit totals of the congressional 
budget, and any description of, or reference to, such totals in any 
official publication or material issued by either of such Offices, 
shall exclude all receipts and disbursements under the old-age, 
survivors, and disability insurance program under title II of the 
Social Security Act and the related provisions of the Internal Revenue 
Code of 1986 (including the receipts and disbursements of the Federal 
Old-Age and Survivors Insurance Trust Fund and the Federal Disability 
Insurance Trust Fund).
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