[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 306 Agreed to House (ATH)]







106th CONGRESS
  1st Session
H. RES. 306

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 28, 1999

 Mr. Herger 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

                           September 28, 1999

The Committees on the Budget and Ways and Means discharged; considered 
              under suspension of the rules and agreed to

_______________________________________________________________________

                               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 non-Social Security 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; and
            (2) should continue to pursue efforts to continue to reduce 
        the $3,618,000,000,000 in debt held by the public.
                                 <all>