Social Security Trust Funds Protection Act

Social Security Trust Funds Protection Act - Amends the Congressional Budget Act of 1974 to require any official statement issued by the Office of Management and Budget or the Congressional Budget Office of surplus or deficit totals of the Government or congressional budgets to exclude the receipts and disbursements totals 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 and Disability Insurance Trust Funds) and related provisions of the Internal Revenue Code.

[Congressional Bills 106th Congress]
[From the U.S. Government Printing Office]
[H.R. 37 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                 H. R. 37

 To amend the Congressional Budget and Impoundment Control Act of 1974 
              to protect the Social Security trust funds.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 1999

Mr. Livingston introduced the following bill; which was referred to the 
                        Committee on the Budget

_______________________________________________________________________

                                 A BILL


 
 To amend the Congressional Budget and Impoundment Control Act of 1974 
              to protect 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 Funds 
Protection Act''.

SEC. 2. REMOVING SOCIAL SECURITY FROM BUDGET SURPLUS/DEFICIT 
              PRONOUNCEMENTS.

    (a) Protection of Social Security Trust Funds.--Title III of the 
Congressional Budget Act of 1974 is amended by adding at the end the 
following new section:

 ``removing social security from budget surplus/deficit pronouncements

    ``Sec. 316. (a) Surplus or Deficit Totals.--Any official statement 
issued by the Office of Management and Budget or by the Congressional 
Budget Office 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, shall exclude the receipts and 
disbursements totals 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) Presentation of Budgetary Aggregates.--For purposes of 
chapter 11 of title 31, United States Code, or the Congressional Budget 
Act of 1974, tables and other displays of budgetary aggregates for the 
United States Government of the Director of the Office of Management 
and Budget or the Director of the Congressional Budget Office shall not 
include receipts or disbursements referred to in subsection (a).''.
    (b) Conforming Amendment.-- The table of contents set forth in 
section 1(b) of the Congressional Budget and Impoundment Control Act of 
1974 is amended by adding after the item relating to section 315 the 
following new item:

``Sec. 316. Removing Social Security from budget surplus/deficit 
                            pronouncements.''.
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