[House Report 104-388]
[From the U.S. Government Publishing Office]



104th Congress                                                   Report
                        HOUSE OF REPRESENTATIVES

 1st Session                                                    104-388
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                   PROVIDING FOR THE CONSIDERATION OF
 
H.R. 2621, TO ENFORCE THE PUBLIC DEBT AND TO PROTECT THE SOCIAL SECURITY

    TRUST FUND AND OTHER FEDERAL TRUST FUNDS AND ACCOUNTS INVESTED

                      IN PUBLIC DEBT OBLIGATIONS

                                _______


  December 7, 1995.--Referred to the House Calendar and ordered to be 
                                printed

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     Mr. Goss, from the Committee on Rules, submitted the following

                              R E P O R T

                       [To accompany H. Res. 293]

    The Committee on Rules, having had under consideration 
House Resolution 293, by a nonrecord vote, report the same to 
the House with the recommendation that the resolution be 
adopted.

               brief summary of provisions of resolution

    The resolution provides for the consideration of H.R. 2621, 
``To Protect Federal Trust Funds'' under a closed rule. The 
rule provides 1 hour of general debate divided equally between 
the chairman and ranking minority member of the Committee on 
Ways and Means.
    The rule also provides for the adoption of the amendment 
recommended by the Committee on Ways and Means not printed in 
the report of Committee on Rules. Finally, the rule provides 
for one motion to recommit.

  Amendment Modifying the Text of H.R. 2621, To Protect Federal Trust 
       Funds (Considered as Adopted by the Adoption of the Rule)

    Strike section 2 of the bill and insert the following:

SEC. 2. CONFORMING AMENDMENT.

    (a) In General.--Subsections (j), (k), and (l) of section 
8348 of title 5, United States Code, and subsections (g) and 
(h) of section 8438 of such title are hereby repealed.
    (b) Retention of Authority To Restore Trust Funds With 
Respect to Actions Taken Before Date of Enactment.--
          (1) In general.--The repeals made by subsection (a) 
        shall not apply to the restoration requirements imposed 
        on the Secretary of the Treasury (or the Executive 
        Director referred to in section 8438(g)(5) of title 5, 
        United States Code) with respect to amounts 
        attributable to actions taken under subsection (j)(1) 
        or (k) of section 8348, or section 8438(g)(1), of such 
        title before the date of the enactment of this Act.
          (2) Restoration requirements.--For purposes of 
        paragraph (1), the term ``restoration requirements'' 
        means the requirements imposed by--
                  (A) paragraphs (2), (3), and (4) of 
                subsection (j), and subsection (l)(1), of 
                section 8348 of such title, and
                  (B) paragraphs (2), (3), (4), and (5) of 
                subsection (g), and subsection (h)(1), of 
                section 8438 of such title.

                                
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