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[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 27 Referral Instructions Senate (RIS)]

106th CONGRESS
  1st Session
                                 S. 27

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
  to extend and clarify the pay-as-you-go requirements regarding the 
                      Social Security trust funds.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                            January 19, 1999

 Mr. Feingold (for himself and Mr. Hollings) introduced the following 
 bill; which was read twice and referred jointly pursuant to the order 
  of August 4, 1977, to the Committees on the Budget and Governmental 
  Affairs, with instructions that if one committee reports, the other 
         committee have thirty days to report or be discharged

_______________________________________________________________________

                                 A BILL

 
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
  to extend and clarify the pay-as-you-go requirements regarding the 
                      Social Security trust funds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Social Security Trust Fund 
Protection Act of 1999''.

SEC. 2. EXTENSION AND MODIFICATION OF PAY-AS-YOU-GO REQUIREMENT.

    (a) Extension.--
            (1) In general.--Section 252(a) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985 is amended by striking 
        ``enacted before October 1, 2002,'' both places it appears.
            (2) Points of order.--Section 275(b) of the Balanced Budget 
        and Emergency Deficit Control Act of 1985 is amended by 
        striking the last sentence.
    (b) Modification.--
            (1) Definition.--Section 250(c) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985 is amended by adding at 
        the end the following new paragraph:
            ``(20) The term `budget increase' means, for purposes of 
        section 252, an increase in direct spending outlays or a 
        decrease in receipts relative to the baseline, and the term 
        `budget decrease' means, for purposes of section 252, a 
        decrease in direct spending outlays or an increase in receipts 
        relative to the baseline.''.
            (2) Purpose.--Section 252(a) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985 is amended--
                    (A) by striking ``increases the deficit'' and 
                inserting ``results in a net budget increase''; and
                    (B) by inserting before the period the following: 
                ``except to the extent that the total budget surplus 
                exceeds the social security surplus''.
            (3) Timing.--Section 252(b)(1) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985 is amended--
                    (A) in its side heading by inserting ``and amount'' 
                after ``Timing''; and
                    (B) by striking ``net deficit increase'' and 
                inserting ``net budget increase'' and by adding at the 
                end the following new sentence: ``The requirement of 
                the preceding sentence shall apply for any fiscal year 
                only to the extent that the surplus, if any, before the 
                sequestration required by this section in the total 
                budget (which, notwithstanding section 710 of the 
                Social Security Act, includes both on-budget and off-
                budget Government accounts) is less than the combined 
                surplus for that year in the Federal Old-Age and 
                Survivors Insurance Trust Fund and the Federal 
                Disability Insurance Trust Fund.''.
            (4) Calculating.--Section 252(b)(2) of the Balanced Budget 
        and Emergency Deficit Control Act of 1985 is amended--
                    (A) in its side heading by striking ``deficit 
                increase'' and inserting ``net budget increase'';
                    (B) by striking ``deficit increase or decrease'' 
                the first place it appears and inserting ``any net 
                budget increase''; and
                    (C) by striking ``any net deficit increase or 
                decrease in the current year resulting from''.
            (5) Eliminating.--The side heading of section 252(c) of the 
        Balanced Budget and Emergency Deficit Control Act of 1985 is 
        amended by striking ``Deficit Increase'' and inserting ``Net 
        Budget Increase''.
                                 <all>
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