HR 3012
106th Congress
House
Economics and Public Finance
Appropriations
Budget deficits
Congress
Congressional budget process
Congressional sessions
Executive impoundment of appropriated funds
Federal budgets
Federal receipts and expenditures
Government Operations and Politics
Government paperwork
Government spending reductions
Government trust funds
Old age, survivors and disability insurance
Social Welfare
Social security finance
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.
Introduced: October 5, 1999
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 5, 1999
Referred to the House Committee on the Budget.
Oct 5, 1999
Introduced in House
Plain-English summary
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman- Hollings Act) to require a sequestration to reduce the amount of discretionary outlays in the current policy baseline for the budget year of the affected congressional session to a level equal to total non-social security receipts.
Provides that, if: (1) 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 a sequestration), the discretionary spending limits shall be reduced by the amount of the excess; and (2) 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 such outlays to exceed such receipts, there shall be a sequestration to eliminate the excess.
Applies this Act beginning with FY 2000.
What's happening now
Referred to the House Committee on the Budget.
Committees of jurisdiction
1
Cosponsors
1