Proposing an amendment to the Constitution of the United States to provide that certain trust funds are outside the budget of the United States.

Constitutional Amendment - Prohibits the receipts (including attributable interest) and outlays of the Federal Old-Age and Survivors Insurance, Disability Insurance, Hospital Insurance, and Supplementary Medical Insurance Trust Funds, the Civil Service Retirement and Disability Fund, and the Department of Defense Military Retirement Fund from being counted as receipts or outlays of the United States.

[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 26 Introduced in House (IH)]







107th CONGRESS
  1st Session
H. J. RES. 26

  Proposing an amendment to the Constitution of the United States to 
 provide that certain trust funds are outside the budget of the United 
                                States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 1, 2001

 Mr. Taylor of Mississippi introduced the following joint resolution; 
          which was referred to the Committee on the Judiciary

_______________________________________________________________________

                            JOINT RESOLUTION


 
  Proposing an amendment to the Constitution of the United States to 
 provide that certain trust funds are outside the budget of the United 
                                States.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled (two-thirds of each House 
concurring therein), That the following article is proposed as an 
amendment to the Constitution of the United States, which shall be 
valid to all intents and purposes as part of the Constitution when 
ratified by the legislatures of three-fourths of the several States 
within seven years after the date of its submission for ratification:

                              ``Article --

    ``Section 1. The receipts (including attributable interest) and 
outlays of the following trust funds shall not be counted as receipts 
or outlays of the United States: the Federal Old-Age and Survivors 
Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the 
Federal Hospital Insurance Trust Fund, the Federal Supplementary 
Medical Insurance Trust Fund, the Civil Service Retirement and 
Disability Fund, and the Department of Defense Military Retirement 
Fund.
    ``Section 2. Congress shall enforce and implement this Article by 
appropriate legislation.
    ``Section 3. This Article shall take effect beginning with the 
first fiscal year beginning at least 180 days after its 
ratification.''.
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