Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Social Security Lock-box Act of
2001''.

SEC. 2. PROTECTION OF SOCIAL SECURITY SURPLUSES.

Section 201 of the concurrent resolution on the budget for fiscal
year 2001 (H. Con. Res. 290, 106th Congress) is amended as follows:
(1) By striking subsection (c) and inserting the following
new subsection:
''(c) Lock-Box for 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, an amendment
thereto, or conference report thereon, that would set forth a
surplus for any fiscal year that is less than the surplus of
the Federal Old-Age and Survivors Insurance Trust Fund for that
fiscal year.
''(2) Spending and tax 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)(i) in the House, the enactment of that bill
or resolution as reported; or
''(ii) in the Senate, the enactment of that bill or
resolution;
''(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 the surplus for any fiscal year covered by the most
recently agreed to concurrent resolution on the budget to be
less than the surplus of the Federal Old-Age and Survivors
Insurance Trust Fund for that fiscal year.''.
(2) By redesignating subsections (e) and (f) as subsections
(g) and (h), respectively, and inserting after subsection (d)
the following new subsections:
''(e) Enforcement.--
''(1) Budgetary levels with respect to concurrent
resolutions on the budget.--For purposes of enforcing any point
of order under subsection (c)(1), the surplus for any fiscal
year shall be--
''(A) the levels set forth in the later of the
concurrent resolution on the budget, as reported, or in
the conference report on the concurrent resolution on
the budget; and
''(B) adjusted to the maximum extent allowable
under all procedures that allow budgetary aggregates to
be adjusted for legislation that would cause a decrease
in the surplus for any fiscal year covered by the
concurrent resolution on the budget (other than
procedures described in paragraph (2)(A)(ii)).
''(2) Current levels with respect to spending and tax
legislation.--For purposes of enforcing any point of order
under subsection (c)(2), the current levels of the surplus for
any fiscal year shall be--
''(A) calculated using the following assumptions--
''(i) direct spending and revenue levels at
the baseline levels underlying the most
recently agreed to concurrent resolution on the
budget; and
''(ii) for the budget year, discretionary
spending levels at current law levels and, for
outyears, discretionary spending levels at the
baseline levels underlying the most recently
agreed to concurrent resolution on the budget;
and
''(B) adjusted for changes in the surplus levels
set forth in the most recently agreed to concurrent
resolution on the budget pursuant to procedures in such
resolution that authorize adjustments in budgetary
aggregates for updated economic and technical
assumptions in the mid-session report of the Director
of the Congressional Budget Office.
''(C) Such revisions shall be included in the first current
level report on the congressional budget submitted for
publication in the Congressional Record after the release of
such mid-session report.
''(3) Disclosure of OASDI surplus.--For purposes of
enforcing any point of order under subsection (c), the surplus
of the Federal Old-Age and Survivors Insurance Trust Fund for a
fiscal year shall be the level set forth in the later of the
report accompanying the concurrent resolution on the budget
(or, in the absence of such a report, placed in the
Congressional Record prior to the consideration of such
resolution) or in the joint explanatory statement of managers
accompanying such resolution.
''(f) Additional Content of Reports Accompanying Budget Resolutions
and of Joint Explanatory Statements.--The report accompanying any
concurrent resolution on the budget and the joint explanatory statement
accompanying the conference report on each such resolution shall
include the levels of the surplus in the budget for each fiscal year
set forth in such resolution and of the surplus or deficit in the
Federal Old-Age and Survivors Insurance Trust Fund, calculated using
the assumptions set forth in subsection (e)(2)(A).''.
(3) In the first sentence of subsection (h) (as
redesignated), by striking ''(1)''.
Output:
Social Security Lock-box Act of 2001 - Amends H. Con. Res. 290 (106th Congress) to replace a point of order in the House of Representatives or the Senate against consideration of any revision of such resolution or any concurrent budget resolution for FY 2002 that sets forth a deficit for any fiscal year with one that provides a point of order against consideration of: (1) any budget resolution that sets forth a surplus for any fiscal year that is less than the surplus of the Federal Old-Age and Survivors Insurance Trust Fund for such year; and (2) legislation that would cause the surplus for any fiscal year covered by the most recently agreed to budget resolution to be less than the surplus of the Fund for such year. Establishes the levels of surplus for purposes of enforcing the preceding points of order.