[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 302 Introduced in House (IH)]







106th CONGRESS
  1st Session
H. RES. 302

Expressing the desire of the House of Representatives to not spend any 
   of the budget surplus created by social security receipts and to 
            continue to retire the debt held by the public.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 23, 1999

    Mr. Herger (for himself, Mr. Condit, Mr. Ryan of Wisconsin, Mr. 
  Peterson of Minnesota, Mr. Campbell, Mr. Fossella, Mr. Shimkus, Mr. 
   Gary Miller of California, and Mr. Shays) submitted the following 
 resolution; which was referred to the Committee on the Budget, and in 
    addition to the Committee on Ways and Means, 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

_______________________________________________________________________

                               RESOLUTION


 
Expressing the desire of the House of Representatives to not spend any 
   of the budget surplus created by social security receipts and to 
            continue to retire the debt held by the public.

Whereas, earlier this year, the House of Representatives passed a social 
        security lockbox designed to protect the social security surplus by an 
        overwhelming vote of 416 to 12;
Whereas bipartisan efforts over the past few years have eliminated the budget 
        deficit and created a projected combined Social Security and non-Social 
        Security surplus of $2,896,000,000,000 over the next 10 years;
Whereas this surplus is largely due to the collection of the social security 
        taxes and interest on already collected receipts in the trust fund;
Whereas the President and the Congress have not reached an agreement to use any 
        of the surplus on providing tax relief; and
Whereas any unspent portion of the projected surplus will have the effect of 
        reducing the debt held by the public: Now, therefore, be it
    Resolved, That it is the sense of the the House of Representatives 
that the House--
            (1) should not consider legislation that would spend any of 
        the social security surplus;
            (2) should also resist any effort to spend the on-budget 
        surplus should the Congress and the administration not reach an 
        agreement on the issue of taxes; and
            (3) should continue to pursue efforts to continue to reduce 
        the $3,618,000,000,000 in debt held by the public.
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