[Congressional Record Volume 145, Number 84 (Tuesday, June 15, 1999)]
[Senate]
[Pages S7030-S7033]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          AMENDMENTS SUBMITTED

                                 ______
                                 

       SOCIAL SECURITY AND MEDICARE SAFE DEPOSIT BOX ACT OF 1999

                                 ______
                                 

                    DOMENICI AMENDMENTS NOS. 663-664

  (Ordered to lie on the table.)
  Mr. DOMENICI submitted two amendments intended to be proposed by him 
to the bill (H.R. 1259) to amend the Congressional Budget Act of 1974 
to protect Social Security surpluses through strengthening budgetary 
enforcement mechanisms; as follows:

                           Amendment No. 663

       Strike all after the enacting clause and insert the 
     following:

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Social Security Safe Deposit 
     Box Act of 1999''.

     SEC. 2. FINDINGS AND PURPOSE.

       (a) Findings.--The Congress finds that--
       (1) the Congress and the President joined together to enact 
     the Balanced Budget Act of 1997 to end decades of deficit 
     spending;
       (2) strong economic growth and fiscal discipline have 
     resulted in strong revenue growth into the Treasury;
       (3) the combination of these factors is expected to enable 
     the Government to balance its budget without the Social 
     Security surpluses;
       (4) the Congress has chosen to allocate in this Act all 
     Social Security surpluses toward saving Social Security;
       (5) amounts so allocated are even greater than those 
     reserved for Social Security in the President's budget, will 
     not require an increase in the statutory debt limit, and will 
     reduce debt held by the public until Social Security reform 
     is enacted; and
       (6) this strict enforcement is needed to lock away the 
     amounts necessary for legislation to save Social Security.
       (b) Purpose.--It is the purpose of this Act to prohibit the 
     use of Social Security surpluses for any purpose other than 
     Social Security.

     SEC. 3. PROTECTION OF SOCIAL SECURITY SURPLUSES.

       (a) Points of Order To Protect Social Security Surpluses.--
     Section 312 of the Congressional Budget Act of 1974 is 
     amended by adding at the end the following new subsection:
       ``(g) Points of Order To Protect Social Security 
     Surpluses.--
       ``(1) Concurrent resolutions on the budget.--It shall not 
     be in order in the House of Representatives or the Senate to 
     consider any concurrent resolution on the budget, or 
     conference report thereon or amendment thereto, that would 
     set forth an on-budget deficit for any fiscal year.
       ``(2) Other legislation.--It shall not be in order in the 
     House of Representatives or the Senate to consider any bill, 
     joint resolution, amendment, motion, or conference report 
     if--
       ``(A) the enactment of that bill or resolution as reported;
       ``(B) the adoption and enactment of that amendment; or
       ``(C) the enactment of that bill or resolution in the form 
     recommended in that conference report,

     would cause or increase an on-budget deficit for any fiscal 
     year.
       ``(3) Exception.--The point of order set forth in paragraph 
     (2) shall not apply to Social Security reform legislation as 
     defined by section 5(c) of the Social Security Safe Deposit 
     Box Act of 1999.
       ``(4) Definition.--For purposes of this section, the term 
     `on-budget deficit', when applied to a fiscal year, means the 
     deficit in the budget as set forth in the most recently 
     agreed to concurrent resolution on the budget pursuant to 
     section 301(a)(3) for that fiscal year.''.
       (b) Content of Concurrent Resolution on the Budget.--
     Section 301(a) of the Congressional Budget Act of 1974 is 
     amended by redesignating paragraphs (6) and (7) as paragraphs 
     (7) and (8), respectively, and by inserting after paragraph 
     (5) the following new paragraph:
       ``(6) the receipts, outlays, and surplus or deficit in the 
     Federal Old-Age and Survivors Insurance Trust Fund and the 
     Federal Disability Insurance Trust Fund, combined, 
     established by title II of the Social Security Act;''.
       (c) Super Majority Requirement.--(1) Section 904(c)(1) of 
     the Congressional Budget Act of 1974 is amended by inserting 
     ``312(g),'' after ``310(d)(2),''.
       (2) Section 904(d)(2) of the Congressional Budget Act of 
     1974 is amended by inserting ``312(g),'' after 
     ``310(d)(2),''.

     SEC. 4. REMOVING SOCIAL SECURITY FROM BUDGET PRONOUNCEMENTS.

       (a) In General.--Any official statement issued by the 
     Office of Management and Budget, the Congressional Budget 
     Office, or any other agency or instrumentality of the Federal 
     Government 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 or any other such agency or instrumentality, shall 
     exclude the outlays and receipts of the old-age, survivors, 
     and disability insurance program under title II of the Social 
     Security Act (including the Federal Old-Age and Survivors 
     Insurance Trust Fund and the Federal Disability Insurance 
     Trust Fund) and the related provisions of the Internal 
     Revenue Code of 1986.
       (b) Separate Social Security Budget Documents.--The 
     excluded outlays and receipts of the old-age, survivors, and 
     disability insurance program under title II of the Social 
     Security Act shall be submitted in separate Social Security 
     budget documents.

     SEC. 5. EFFECTIVE DATE.

       (a) In General.--This Act shall take effect upon the date 
     of its enactment and the amendments made by this Act shall 
     apply only to fiscal year 2000 and subsequent fiscal years.
       (b) Expiration.--Sections 301(a)(6) and 312(g) of the 
     Congressional Budget Act of 1974 shall expire upon the 
     enactment of Social Security reform legislation that 
     significantly extends the solvency of the Social Security 
     trust funds.
       (c) Social Security Reform Legislation.--The term ``Social 
     Security reform legislation'' means a bill or a joint 
     resolution that--
       (1) significantly extends the solvency of the Social 
     Security trust funds; and
       (2) includes a provision stating the following: ``For 
     purposes of the Social Security Safe Deposit Box Act of 1999, 
     this Act constitutes Social Security reform legislation.''.
                                  ____


                           Amendment No. 664

       Strike all after the first word and insert the following:

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Social Security Safe Deposit 
     Box Act of 1999''.

     SEC. 2. FINDINGS AND PURPOSE.

       (a) Findings.--The Congress finds that--

[[Page S7031]]

       (1) the Congress and the President joined together to enact 
     the Balanced Budget Act of 1997 to end decades of deficit 
     spending;
       (2) strong economic growth and fiscal discipline have 
     resulted in strong revenue growth into the Treasury;
       (3) the combination of these factors is expected to enable 
     the Government to balance its budget without the Social 
     Security surpluses;
       (4) the Congress has chosen to allocate in this Act all 
     Social Security surpluses toward saving Social Security;
       (5) amounts so allocated are even greater than those 
     reserved for Social Security in the President's budget, will 
     not require an increase in the statutory debt limit, and will 
     reduce debt held by the public until Social Security reform 
     is enacted; and
       (6) this strict enforcement is needed to lock away the 
     amounts necessary for legislation to save Social Security.
       (b) Purpose.--It is the purpose of this Act to prohibit the 
     use of Social Security surpluses for any purpose other than 
     Social Security.

     SEC. 3. PROTECTION OF SOCIAL SECURITY SURPLUSES.

       (a) Points of Order To Protect Social Security Surpluses.--
     Section 312 of the Congressional Budget Act of 1974 is 
     amended by adding at the end the following new subsection:
       ``(g) Points of Order To Protect Social Security 
     Surpluses.--
       ``(1) Concurrent resolutions on the budget.--It shall not 
     be in order in the House of Representatives or the Senate to 
     consider any concurrent resolution on the budget, or 
     conference report thereon or amendment thereto, that would 
     set forth an on-budget deficit for any fiscal year.
       ``(2) Other legislation.--It shall not be in order in the 
     House of Representatives or the Senate to consider any bill, 
     joint resolution, amendment, motion, or conference report 
     if--
       ``(A) the enactment of that bill or resolution as reported;
       ``(B) the adoption and enactment of that amendment; or
       ``(C) the enactment of that bill or resolution in the form 
     recommended in that conference report,

     would cause or increase an on-budget deficit for any fiscal 
     year.
       ``(3) Exception.--The point of order set forth in paragraph 
     (2) shall not apply to Social Security reform legislation as 
     defined by section 5(c) of the Social Security Safe Deposit 
     Box Act of 1999.
       ``(4) Definition.--For purposes of this section, the term 
     `on-budget deficit', when applied to a fiscal year, means the 
     deficit in the budget as set forth in the most recently 
     agreed to concurrent resolution on the budget pursuant to 
     section 301(a)(3) for that fiscal year.''.
       (b) Content of Concurrent Resolution on the Budget.--
     Section 301(a) of the Congressional Budget Act of 1974 is 
     amended by redesignating paragraphs (6) and (7) as paragraphs 
     (7) and (8), respectively, and by inserting after paragraph 
     (5) the following new paragraph:
       ``(6) the receipts, outlays, and surplus or deficit in the 
     Federal Old-Age and Survivors Insurance Trust Fund and the 
     Federal Disability Insurance Trust Fund, combined, 
     established by title II of the Social Security Act;''.
       (c) Super Majority Requirement.--(1) Section 904(c)(1) of 
     the Congressional Budget Act of 1974 is amended by inserting 
     ``312(g),'' after ``310(d)(2),''.
       (2) Section 904(d)(2) of the Congressional Budget Act of 
     1974 is amended by inserting ``312(g),'' after 
     ``310(d)(2),''.

     SEC. 4. REMOVING SOCIAL SECURITY FROM BUDGET PRONOUNCEMENTS.

       (a) In General.--Any official statement issued by the 
     Office of Management and Budget, the Congressional Budget 
     Office, or any other agency or instrumentality of the Federal 
     Government 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 or any other such agency or instrumentality, shall 
     exclude the outlays and receipts of the old-age, survivors, 
     and disability insurance program under title II of the Social 
     Security Act (including the Federal Old-Age and Survivors 
     Insurance Trust Fund and the Federal Disability Insurance 
     Trust Fund) and the related provisions of the Internal 
     Revenue Code of 1986.
       (b) Separate Social Security Budget Documents.--The 
     excluded outlays and receipts of the old-age, survivors, and 
     disability insurance program under title II of the Social 
     Security Act shall be submitted in separate Social Security 
     budget documents.

     SEC. 5. EFFECTIVE DATE.

       (a) In General.--This Act shall take effect upon the date 
     of its enactment and the amendments made by this Act shall 
     apply only to fiscal year 2000 and subsequent fiscal years.
       (b) Expiration.--Sections 301(a)(6) and 312(g) of the 
     Congressional Budget Act of 1974 shall expire upon the 
     enactment of Social Security reform legislation that 
     significantly extends the solvency of the Social Security 
     trust funds.
       (c) Social Security Reform Legislation.--The term ``Social 
     Security reform legislation'' means a bill or a joint 
     resolution that--
       (1) significantly extends the solvency of the Social 
     Security trust funds; and
       (2) includes a provision stating the following: ``For 
     purposes of the Social Security Safe Deposit Box Act of 1999, 
     this Act constitutes Social Security reform legislation.''.
                                 ______
                                 

                       KENNEDY AMENDMENT NO. 665

  (Ordered to lie on the table.)
  Mr. KENNEDY submitted an amendment intended to be proposed by him to 
the bill, H.R. 1259, supra; as follows:

       On page 4, strike lines 6 through 10.
       On page 6, strike beginning with line 11 through the end of 
     the bill.
                                 ______
                                 

                       MOYNIHAN AMENDMENT NO. 666

  (Ordered to lie on the table.)
  Mr. MOYNIHAN submitted an amendment intended to be proposed by him to 
the bill, H.R. 1259, supra; as follows:

       Add the following paragraph to new section 312(g):
       ``(5) Exception for low economic growth and war.--
       ``(A) Low economic growth.--If the most recent of the 
     Department of Commerce's advance, preliminary, or final 
     reports of actual real economic growth indicate that the rate 
     of real economic growth for each of the most recently 
     reported quarter and the immediately preceding quarter is 
     less than 1 percent, the points of order established by this 
     subsection are suspended.
       ``(B) War.--If a declaration of war is in effect, the 
     points of order established by this subsection are suspended.
                                 ______
                                 

                     McCAIN AMENDMENTS NO. 667-668

  (Ordered to lie on the table.)
  Mr. McCAIN submitted an amendment intended to be proposed by him to 
the bill, H.R. 1259, supra; as follows:

                           Amendment No. 667

       At the end of the bill, add the following:
  TITLE II--PROTECTING AND PRESERVING THE SOCIAL SECURITY TRUST FUNDS

     SEC. 201. SHORT TITLE.

       This title may be cited as the ``Protecting and Preserving 
     the Social Security Trust Funds Act''.

     SEC. 202. FINDINGS.

       Congress finds that--
       (1) the $69,246,000,000 unified budget surplus achieved in 
     fiscal year 1998 was entirely due to surpluses generated by 
     the social security trust funds and the cumulative unified 
     budget surpluses projected for subsequent fiscal years are 
     primarily due to surpluses generated by the social security 
     trust funds;
       (2) Congress and the President should not use the social 
     security trust funds surpluses to balance the budget or fund 
     existing or new non-social security programs;
       (3) all surpluses generated by the social security trust 
     funds must go towards saving and strengthening the social 
     security system; and
       (4) at least 62 percent of the on-budget (non-social 
     security) surplus should be reserved and applied to the 
     social security trust funds.

     SEC. 203. PROTECTION OF THE SOCIAL SECURITY TRUST FUNDS.

       (a) Protection by Congress.--
       (1) Reaffirmation of support.--Congress reaffirms its 
     support for the provisions of section 13301 of the Budget 
     Enforcement Act of 1990 that provides that the receipts and 
     disbursements of the social security trust funds shall not be 
     counted for the purposes of the budget submitted by the 
     President, the congressional budget, or the Balanced Budget 
     and Emergency Deficit Control Act of 1985.
       (2) Protection of social security benefits.--Balances in 
     the Federal Old-Age and Survivors Insurance Trust Fund and 
     the Federal Disability Insurance Trust Fund shall be used 
     solely for paying social security benefit payments as 
     promised to be paid by law.
       (b) Points of Order.--Section 301 of the Congressional 
     Budget Act of 1974 is amended by adding at the end the 
     following:
       ``(j) Social Security Point of Order.--It shall not be in 
     order in the Senate to consider a concurrent resolution on 
     the budget, an amendment thereto, or a conference report 
     thereon that violates section 13301 of the Budget Enforcement 
     Act of 1990.
       ``(k) Social Security Surplus Protection Point of Order.--
     It shall not be in order in the Senate to consider a 
     concurrent resolution on the budget, an amendment thereto, or 
     a conference report thereon that would cause or increase an 
     on-budget deficit for any fiscal year.
       ``(l) Subsequent legislation.--
       ``(1) In general.--It shall not be in order in the Senate 
     to consider any bill, joint resolution, amendment, motion, or 
     conference report if--
       ``(A) the enactment of the bill or resolution as reported;
       ``(B) the adoption and enactment of that amendment; or
       ``(C) the enactment of the bill or resolution in the form 
     recommended in the conference report;

     would cause or increase an on-budget deficit for any fiscal 
     year.
       ``(2)  Exception to point of Order.--This subsection shall 
     not apply to social security reform legislation that would 
     protect the social security system from insolvency and

[[Page S7032]]

     preserve benefits as promised to beneficiaries.''.
       (c) Supermajority Waiver and Appeal.--Subsections (c)(1) 
     and (d)(2) of section 904 of the Congressional Budget Act of 
     1974 are amended by striking ``305(b)(2),'' and inserting 
     ``301(j), 301(k), 301(l), 305(b)(2)''.

     SEC. 204. SEPARATE BUDGET FOR SOCIAL SECURITY.

       (a) Exclusion.--The outlays and receipts of the social 
     security program under title II of the Social Security Act, 
     including the Federal Old-Age and Survivors Insurance Trust 
     Fund and the Federal Disability Insurance Trust Fund and the 
     related provisions of the Internal Revenue Code of 1986, 
     shall be excluded from--
       (1) any official documents by Federal agencies regarding 
     the surplus or deficit totals of the budget of the Federal 
     Government as submitted by the President or of the surplus or 
     deficit totals of the congressional budget; and
       (2) any description or reference in any official 
     publication or material issued by any other agency or 
     instrumentality of the Federal Government.
       (b) Separate Budget.--The outlays and receipts of the 
     social security program under title II of the Social Security 
     Act, including the Federal Old-Age and Survivors Insurance 
     Trust Fund and the Federal Disability Insurance Trust Fund 
     and the related provisions of the Internal Revenue Code of 
     1986, shall be submitted as a separate budget.

     SEC. 205. PRESIDENT'S BUDGET.

       Section 1105(f) of title 31, United States Code, is amended 
     by striking ``in a manner consistent'' and inserting ``in 
     compliance''.
                TITLE III--SAVING SOCIAL SECURITY FIRST

     SEC. 301. DESIGNATION OF ON-BUDGET SURPLUS.

       (a) In General.--Notwithstanding any other provision of 
     law, not less than the amount referred to in subsection (b) 
     for a fiscal year shall be reserved for and applied to the 
     social security trust funds for that fiscal year in addition 
     to the surpluses generated by the trust funds.
       (b) Amount Reserved.--The amount referred to in this 
     subsection is--
       (1) for fiscal year 2001, $6,820,000,000;
       (2) for fiscal year 2002, $36,580,000,000;
       (3) for fiscal year 2003, $31,620,000,000;
       (4) for fiscal year 2004, $42,160,000,000;
       (5) for fiscal year 2005, $48,980,000,000;
       (6) for fiscal year 2006, $71,920,000,000;
       (7) for fiscal year 2007, $83,080,000,000;
       (8) for fiscal year 2008, $90,520,000,000; and
       (9) for fiscal year 2009, $102,300,000,000.

     SEC. 302. SENSE OF THE SENATE ON DEDICATING ADDITIONAL 
                   SURPLUS AMOUNTS.

       It is the sense of the Senate if the budget surplus in 
     future years is greater than the currently projected surplus, 
     serious consideration should be given to directing more of 
     the surplus to strengthening the social security trust funds.
                                  ____


                           Amendment No. 668

       At the end of the bill, add the following:
         TITLE II--ELIMINATION OF SOCIAL SECURITY EARNINGS TEST

     SEC. 201. SHORT TITLE.

       This title may be cited as the ``Older Americans Freedom to 
     Work Act''.

     SEC. 202. ELIMINATION OF EARNINGS TEST FOR INDIVIDUALS WHO 
                   HAVE ATTAINED RETIREMENT AGE.

       (a) In General.--Section 203 of the Social Security Act (42 
     U.S.C. 403) is amended--
       (1) in subsection (c)(1), by striking ``the age of 
     seventy'' and inserting ``retirement age (as defined in 
     section 216(l))'';
       (2) in paragraphs (1)(A) and (2) of subsection (d), by 
     striking ``the age of seventy'' each place it appears and 
     inserting ``retirement age (as defined in section 216(l))'';
       (3) in subsection (f)(1)(B), by striking ``was age seventy 
     or over'' and inserting ``was at or above retirement age (as 
     defined in section 216(l))'';
       (4) in subsection (f)(3)--
       (A) by striking ``33\1/3\ percent'' and all that follows 
     through ``any other individual,'' and inserting ``50 percent 
     of such individual's earnings for such year in excess of the 
     product of the exempt amount as determined under paragraph 
     (8),''; and
       (B) by striking ``age 70'' and inserting ``retirement age 
     (as defined in section 216(l))'';
       (5) in subsection (h)(1)(A), by striking ``age 70'' each 
     place it appears and inserting ``retirement age (as defined 
     in section 216(l))''; and
       (6) in subsection (j)--
       (A) in the heading, by striking ``Age Seventy'' and 
     inserting ``Retirement Age''; and
       (B) by striking ``seventy years of age'' and inserting 
     ``having attained retirement age (as defined in section 
     216(l))''.
       (b) Conforming Amendments Eliminating the Special Exempt 
     Amount for Individuals Who Have Attained Retirement Age.--
       (1) Uniform exempt amount.--Section 203(f)(8)(A) of the 
     Social Security Act (42 U.S.C. 403(f)(8)(A)) is amended by 
     striking ``the new exempt amounts (separately stated for 
     individuals described in subparagraph (D) and for other 
     individuals) which are to be applicable'' and inserting ``a 
     new exempt amount which shall be applicable''.
       (2) Conforming amendments.--Section 203(f)(8)(B) of the 
     Social Security Act (42 U.S.C. 403(f)(8)(B)) is amended--
       (A) in the matter preceding clause (i), by striking 
     ``Except'' and all that follows through ``whichever'' and 
     inserting ``The exempt amount which is applicable for each 
     month of a particular taxable year shall be whichever'';
       (B) in clauses (i) and (ii), by striking ``corresponding'' 
     each place it appears; and
       (C) in the last sentence, by striking ``an exempt amount'' 
     and inserting ``the exempt amount''.
       (3) Repeal of basis for computation of special exempt 
     amount.--Section 203(f)(8)(D) of the Social Security Act (42 
     U.S.C. (f)(8)(D)) is repealed.
       (c) Additional Conforming Amendments.--
       (1) Elimination of redundant references to retirement 
     age.--Section 203 of the Social Security Act (42 U.S.C. 403) 
     is amended--
       (A) in subsection (c), in the last sentence, by striking 
     ``nor shall any deduction'' and all that follows and 
     inserting ``nor shall any deduction be made under this 
     subsection from any widow's or widower's insurance benefit if 
     the widow, surviving divorced wife, widower, or surviving 
     divorced husband involved became entitled to such benefit 
     prior to attaining age 60.''; and
       (B) in subsection (f)(1), by striking clause (D) and 
     inserting the following: ``(D) for which such individual is 
     entitled to widow's or widower's insurance benefits if such 
     individual became so entitled prior to attaining age 60,''.
       (2) Conforming amendment to provisions for determining 
     amount of increase on account of delayed retirement.--Section 
     202(w)(2)(B)(ii) of the Social Security Act (42 U.S.C. 
     402(w)(2)(B)(ii)) is amended--
       (A) by striking ``either''; and
       (B) by striking ``or suffered deductions under section 
     203(b) or 203(c) in amounts equal to the amount of such 
     benefit''.
       (3) Provisions relating to earnings taken into account in 
     determining substantial gainful activity of blind 
     individuals.--The second sentence of section 223(d)(4)(A) of 
     the Social Security Act (42 U.S.C. 423(d)(4)(A)) is amended 
     by striking ``if section 102 of the Senior Citizens' Right to 
     Work Act of 1996 had not been enacted'' and inserting the 
     following: ``if the amendments to section 203 made by section 
     102 of the Senior Citizens' Right to Work Act of 1996 and by 
     the Senior Citizens' Freedom to Work Act of 1999 had not been 
     enacted''.
       (d) Effective Date.--The amendments and repeals made by 
     this section shall apply with respect to taxable years ending 
     after December 31, 1998.
  TITLE III--PROTECTING AND PRESERVING THE SOCIAL SECURITY TRUST FUNDS

     SEC. 301. SHORT TITLE.

       This title may be cited as the ``Protecting and Preserving 
     the Social Security Trust Funds Act''.

     SEC. 302. FINDINGS.

       Congress finds that--
       (1) the $69,246,000,000 unified budget surplus achieved in 
     fiscal year 1998 was entirely due to surpluses generated by 
     the social security trust funds and the cumulative unified 
     budget surpluses projected for subsequent fiscal years are 
     primarily due to surpluses generated by the social security 
     trust funds;
       (2) Congress and the President should not use the social 
     security trust funds surpluses to balance the budget or fund 
     existing or new non-social security programs;
       (3) all surpluses generated by the social security trust 
     funds must go towards saving and strengthening the social 
     security system; and
       (4) at least 62 percent of the on-budget (non-social 
     security) surplus should be reserved and applied to the 
     social security trust funds.

     SEC. 303. PROTECTION OF THE SOCIAL SECURITY TRUST FUNDS.

       (a) Protection by Congress.--
       (1) Reaffirmation of support.--Congress reaffirms its 
     support for the provisions of section 13301 of the Budget 
     Enforcement Act of 1990 that provides that the receipts and 
     disbursements of the social security trust funds shall not be 
     counted for the purposes of the budget submitted by the 
     President, the congressional budget, or the Balanced Budget 
     and Emergency Deficit Control Act of 1985.
       (2) Protection of social security benefits.--Balances in 
     the Federal Old-Age and Survivors Insurance Trust Fund and 
     the Federal Disability Insurance Trust Fund shall be used 
     solely for paying social security benefit payments as 
     promised to be paid by law.
       (b) Points of Order.--Section 301 of the Congressional 
     Budget Act of 1974 is amended by adding at the end the 
     following:
       ``(j) Social Security Point of Order.--It shall not be in 
     order in the Senate to consider a concurrent resolution on 
     the budget, an amendment thereto, or a conference report 
     thereon that violates section 13301 of the Budget Enforcement 
     Act of 1990.
       ``(k) Social Security Surplus Protection Point of Order.--
     It shall not be in order in the Senate to consider a 
     concurrent resolution on the budget, an amendment thereto, or 
     a conference report thereon that would cause or increase an 
     on-budget deficit for any fiscal year.
       ``(l) Subsequent legislation.--
       ``(1) In general.--It shall not be in order in the Senate 
     to consider any bill, joint resolution, amendment, motion, or 
     conference report if--
       ``(A) the enactment of the bill or resolution as reported;
       ``(B) the adoption and enactment of that amendment; or
       ``(C) the enactment of the bill or resolution in the form 
     recommended in the conference report;

[[Page S7033]]

     would cause or increase an on-budget deficit for any fiscal 
     year.
       ``(2)  Exception to point of Order.--This subsection shall 
     not apply to social security reform legislation that would 
     protect the social security system from insolvency and 
     preserve benefits as promised to beneficiaries.''.
       (c) Supermajority Waiver and Appeal.--Subsections (c)(1) 
     and (d)(2) of section 904 of the Congressional Budget Act of 
     1974 are amended by striking ``305(b)(2),'' and inserting 
     ``301(j), 301(k), 301(l), 305(b)(2)''.

     SEC. 304. SEPARATE BUDGET FOR SOCIAL SECURITY.

       (a) Exclusion.--The outlays and receipts of the social 
     security program under title II of the Social Security Act, 
     including the Federal Old-Age and Survivors Insurance Trust 
     Fund and the Federal Disability Insurance Trust Fund and the 
     related provisions of the Internal Revenue Code of 1986, 
     shall be excluded from--
       (1) any official documents by Federal agencies regarding 
     the surplus or deficit totals of the budget of the Federal 
     Government as submitted by the President or of the surplus or 
     deficit totals of the congressional budget; and
       (2) any description or reference in any official 
     publication or material issued by any other agency or 
     instrumentality of the Federal Government.
       (b) Separate Budget.--The outlays and receipts of the 
     social security program under title II of the Social Security 
     Act, including the Federal Old-Age and Survivors Insurance 
     Trust Fund and the Federal Disability Insurance Trust Fund 
     and the related provisions of the Internal Revenue Code of 
     1986, shall be submitted as a separate budget.

     SEC. 305. PRESIDENT'S BUDGET.

       Section 1105(f) of title 31, United States Code, is amended 
     by striking ``in a manner consistent'' and inserting ``in 
     compliance''.
                 TITLE IV--SAVING SOCIAL SECURITY FIRST

     SEC. 401. DESIGNATION OF ON-BUDGET SURPLUS.

       (a) In General.--Notwithstanding any other provision of 
     law, not less than the amount referred to in subsection (b) 
     for a fiscal year shall be reserved for and applied to the 
     social security trust funds for that fiscal year in addition 
     to the surpluses generated by the trust fund.
       (b) Amount Reserved.--The amount referred to in this 
     subsection is--
       (1) for fiscal year 2001, $6,820,000,000;
       (2) for fiscal year 2002, $36,580,000,000;
       (3) for fiscal year 2003, $31,620,000,000;
       (4) for fiscal year 2004, $42,160,000,000;
       (5) for fiscal year 2005, $48,980,000,000;
       (6) for fiscal year 2006, $71,920,000,000;
       (7) for fiscal year 2007, $83,080,000,000;
       (8) for fiscal year 2008, $90,520,000,000; and
       (9) for fiscal year 2009, $102,300,000,000.

     SEC. 402. SENSE OF THE SENATE ON DEDICATING ADDITIONAL 
                   SURPLUS AMOUNTS.

       It is the sense of the Senate if the budget surplus in 
     future years is greater than the currently projected surplus, 
     serious consideration should be given to directing more of 
     the surplus to strengthening the social security trust funds.
                                 ______
                                 

                        GRAMM AMENDMENT NO. 669

  (Ordered to lie on the table.)
  Mr. GRAMM submitted an amendment intended to be proposed by him to 
the bill, H.R. 1259, supra; as follows:

       On page 4, line 8, strike ``or Medicare reform 
     legislation''.
                                 ______
                                 

                       DOMENICI AMENDMENT NO. 670

  (Ordered to lie on the table.)
  Mr. DOMENICI submitted an amendment intended to be proposed by him to 
the bill, H.R. 1259, supra; as follows:

       At the appropriate place insert the following:

     SEC. ____. PROTECTION OF SOCIAL SECURITY SURPLUSES IN THE 
                   PRESIDENT'S BUDGET.

       (a) In General.--Chapter 11 of subtitle II of title 31, 
     United States Code, is amended by inserting before section 
     1101 the following:

     ``Sec. 1100. Protection of social security surpluses

       ``The budget of the United States Government submitted by 
     the President under this chapter shall not recommend an on-
     budget deficit for any fiscal year covered by that budget.''.
       (b) Chapter Analysis.--The chapter analysis for chapter 11 
     of title 31, United States Code is amended by inserting 
     before the item for section 1101 the following:

       ``1100. Protection of social security surpluses.''.

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