Restore Fiscal Discipline and Safeguard Social Security Act of 2002
Latest action · May 16, 2002 Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 16, 2002
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Makes it out of order for the House of Representatives or the Senate to consider any bill or amendment that increases the public debt limit above the new one established by this Act by more than $100 billion, except in specified circumstances.
Directs the President to submit to Congress a proposal to bring the budget of the Government (excluding the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund) into balance or surplus by FY 2007.
Makes it out of order for the House or the Senate, whenever the most recent CBO report projects an on-budget deficit for any fiscal year, to consider any concurrent resolution on the budget that: (1) sets forth or assumes an on-budget deficit for any such fiscal year larger than such projection; (2) sets forth or assumes a budget that is not in on-budget balance or surplus within four fiscal years, and is not in on-budget balance or surplus for any covered subsequent fiscal year; or (3) contains any reduction in social security benefits.
Makes it out of order for the House or the Senate, whenever the most recent CBO report projects both on-budget surpluses (or a balanced budget) and deficits for the fiscal years concerned, to consider any concurrent resolution on the budget that: (1) sets forth or assumes an on-budget deficit for any fiscal year for which the CBO projection is for an on-budget surplus or balance; or (2) contains any reduction in social security benefits.
Suspends such requirements during war or low economic growth.
Cosponsors 13
Members who signed on, in the order they did. Signatures ran from May 16, 2002 to May 21, 2002, with 11 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NJ | Bill Pascrell, Jr. | Original | May 16, 2002 |
| D-NC | Bob Etheridge | Original | May 16, 2002 |
| D-TX | Charles W. Stenholm | Original | May 16, 2002 |
| D-ND | Earl Pomeroy | Original | May 16, 2002 |
| D-CA | Ellen O. Tauscher | Original | May 16, 2002 |
| D-VA | James P. Moran | Original | May 16, 2002 |
| D-FL | Jim Davis | Original | May 16, 2002 |
| D-TX | Jim Turner | Original | May 16, 2002 |
| D-SC | John M. Spratt, Jr. | Original | May 16, 2002 |
| D-TX | Max Sandlin | Original | May 16, 2002 |
| D-NY | Steve Israel | Original | May 16, 2002 |
| D-IN | Baron P. Hill | May 21, 2002 | |
| D-TN | John S. Tanner | May 21, 2002 |
Actions 2
Everything that happened, newest first.
- May 16, 2002Introduced in House
- May 16, 2002Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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.
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
- Armed Forces and National Security
- Balanced budgets
- Budget deficits
- Budget resolutions
- Budget surpluses
- Business cycles
- Congress
- Congressional reporting requirements
- Debt limit
- Economic forecasting
- Economic growth
- Economics and Public Finance
- Federal budgets
- Government trust funds
- House rules and procedure
- Legislation
- Legislative amendments
- Legislative resolutions
- Old age, survivors and disability insurance
- Senate rules and procedure
- Social security finance
- Social Welfare
- War
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.