Social Security and Medicare Surplus Protection Act of 2000

Social Security and Medicare Surplus Protection Act of 2000 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require a sequestration to eliminate any on-budget deficit (excluding any surplus in the social security trust funds and the Federal Hospital Insurance Trust Fund). Bars the deficit from being subject to adjustment for any purpose.

Requires, in determining rates of pay for service performed in any fiscal year beginning after September 30, 2000, the rate of pay for a Member of Congress to be determined as if the pay adjustment for such year had resulted in a rate equal to the rate that would otherwise have taken effect beginning in such year (if this Act had not been enacted) reduced by the same percentage as any reduction made as a result of the amendment made by this Act.

[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 2001 Referral Instructions Senate (RIS)]







106th CONGRESS
  2d Session
                                S. 2001

 To protect the Social Security and Medicare surpluses by requiring a 
                  sequester to eliminate any deficit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 24, 2000

   Mr. Grams 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 instrucitons 
 that if one Committee reports, the other committee has thirty days to 
                        report or be discharged

                                 A BILL


 
 To protect the Social Security and Medicare surpluses by requiring a 
                  sequester to eliminate any deficit.

    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 and Medicare Surplus 
Protection Act of 2000''.

SEC. 2. SEQUESTER TO PROTECT THE SOCIAL SECURITY AND MEDICARE 
              SURPLUSES.

    Section 251 of the Balanced Budget and Emergency Deficit Control 
Act of 1985 (2 U.S.C. 901) is amended by adding at the end the 
following:
    ``(d) Social Security and Medicare Surplus Protection Sequester.--
            ``(1) In general.--Within 15 calendar days after Congress 
        adjourns to end a session and on the same day as a 
        sequestration (if any) under subsection (a), section 252, and 
        section 253, there shall be a sequestration to eliminate any 
        on-budget deficit (excluding any surplus in the Social Security 
        Trust Funds and the Federal Hospital Insurance Trust Fund).
            ``(2) Eliminating deficit.--The sequester required by this 
        subsection shall be applied in accordance with the procedures 
        set forth in subsection (a). The on-budget deficit shall not be 
        subject to adjustment for any purpose.''.

SEC. 3. SAME PERCENTAGE REDUCTION APPLICABLE TO PAY FOR MEMBERS OF 
              CONGRESS.

    (a) In General.--In determining rates of pay for service performed 
in any fiscal year beginning after September 30, 2000, the rate of pay 
for a Member of Congress shall be determined as if the pay adjustment 
for that fiscal year had resulted in a rate equal to--
            (1) the rate of pay that would otherwise have taken effect 
        for the position involved beginning in that fiscal year (if 
        this section had not been enacted), reduced by
            (2) the same percentage as any reduction made as a result 
        of the operation of section 251(d) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985, as added by section 2.
    (b) Definitions.--For purposes of this section--
            (1) the term ``Member of Congress'' refers to any position 
        under subparagraph (A), (B), or (C) of section 601(a)(1) of the 
        Legislative Reorganization Act of 1946 (2 U.S.C. 31(1) (A)-
        (C)); and
            (2) the term ``fiscal year pay adjustment'' means the 
        adjustment in rates of pay scheduled to take effect in a fiscal 
        year under section 601(a)(2) of the Legislative Reorganization 
        Act of 1946 (2 U.S.C. 31(2)).
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