[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3012 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 3012

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
    to protect Social Security trust funds and save Social Security 
                     surpluses for Social Security.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 5, 1999

Mr. Barton of Texas (for himself, Mr. McIntosh, Mr. Pickering, and Mr. 
   Kasich) introduced the following bill; which was referred to the 
                        Committee on the Budget

_______________________________________________________________________

                                 A BILL


 
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
    to protect Social Security trust funds and save Social Security 
                     surpluses for Social Security.

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

SECTION 1. SEQUESTRATION TO PROTECT SOCIAL SECURITY.

    Section 251 of the Balanced Budget and Emergency Deficit Control 
Act of 1985 is amended by adding at the end the following new 
subsection:
    ``(d) Sequestration To Protect Social Security.--
            ``(1) Sequestration.--Within 15 days after Congress 
        adjourns to end a session, there shall be a sequestration to 
        reduce the amount of discretionary outlays in the current 
        policy baseline for the budget year of that session to a level 
        equal to total non-social security receipts, following the 
        procedures set forth in paragraphs (2) through (4) of 
        subsection (a).
            ``(2) Lookback.--If, after June 30, any discretionary 
        appropriation is enacted that would cause total non-social 
        security outlays to exceed total non-social security receipts 
        (after taking into account any sequestration under paragraph 
        (1)), the discretionary spending limits shall be reduced by the 
        amount of the excess.
            ``(3) Within-session sequestration.--If, after Congress 
        adjourns to end the session for a budget year but before July 1 
        of that fiscal year, an appropriation for that fiscal year is 
        enacted that would cause total non-social security outlays to 
        exceed total non-social security receipts, 15 days later there 
        shall be a sequestration to eliminate the excess, following the 
        procedures set forth in paragraphs (2) through (4) of 
        subsection (a).
            ``(4) Definitions.--For purposes of this subsection and 
        section 254(f)(2), the terms `non-social security outlays' and 
        `non-social security receipts' shall mean all outlays of the 
        Federal Government, and all Federal governmental receipts, 
        except receipts and disbursements of the Federal Old-Age and 
        Survivors Insurance Trust Fund and the Federal Disability 
        Insurance Trust Fund and taxes imposed under sections 1401 and 
        3101 of the Internal Revenue Code of 1986.''.

SEC. 2. CONFORMING AMENDMENT.

    (a) Discretionary Sequestration Reports.--Section 254(f)(2) of the 
Balanced Budget and Emergency Deficit Control Act of 1985 is amended by 
adding at the end the following new subparagraph:
                    ``(E) For the current year and the budget year, 
                total non-social security outlays and total non-social 
                security receipts.''.
    (b) Within-Session Sequestration Reports and Order.--The first 
sentence of section 254(g) of the Balanced Budget and Emergency Deficit 
Control Act of 1985 is amended by inserting ``or an excess under 
section 251(d)'' after ``breach''.

SEC. 3. EFFECTIVE DATE.

    The amendments made by this Act shall apply with respect to fiscal 
years beginning with fiscal year 2000.
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