Social Security and Medicare Lock-box Act of 2001

Bill Number

HR 120

Introduced

Jan 3, 2001

Latest Action

Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently dete ...

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Topics

Appropriations Budget deficits Budget reconciliation Budget resolutions Budget surpluses Congress Congressional budget Congressional budget process Congressional voting Economics and Public Finance Federal budgets Government trust funds Health House rules and procedure Legislation Legislative amendments Legislative resolutions Medicare Off-budget expenditures Old age, survivors and disability insurance Public debt Senate rules and procedure Social security finance Social Welfare

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Summary

Social Security and Medicare Lock-box Act of 2001 - Amends the Congressional Budget Act of 1974 to make it out of order in the House of Representatives or the Senate, until there is both a social security and Medicare solvency certification by the Boards of Trustees of the social security and Federal Hospital Insurance Trust Funds, respectively, to consider: (1) any concurrent budget resolution that would use any portion of the baseline budget surpluses; or (2) any legislation or amendment if the enactment of such legislation or amendment would use any portion of such surpluses.

Defines "baseline budget surplus" as the sum of the on- and off-budget surpluses contained in the most recent baseline budget projections by the Congressional Budget Office at the beginning of the annual budget cycle and no later than the month of March.

Establishes conditions under which a portion of such surpluses is determined to be used in the case of legislation affecting revenues or direct spending or an appropriations bill.

Actions

Jan 3, 2001

Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 3, 2001

Introduced in House

Amendments

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