A bill to exclude the receipts of Social Security Trust Funds from the deficit calculation.

Amends the Congressional Budget and Impoundment Control Act of 1974 and the Social Security Act to exclude, beginning with FY 1990, Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Fund receipts and outlays in Federal deficit determinations for purposes of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

 
S 852 IS
101st CONGRESS
1st Session
S. 852
To exclude the receipts of Social Security Trust Funds from the deficit
calculation.
IN THE SENATE OF THE UNITED STATES
April 19 (legislative day, JANUARY 3), 1989
Mr. BRYAN (for himself, Mr. ROBB, and Mr. GRAHAM) 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 instructions that if one Committee reports, the other Committee has
thirty days of continuous session to report or be discharged
A BILL
To exclude the receipts of Social Security Trust Funds from the deficit
calculation.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
SECTION 1. DEFINITION OF DEFICIT.
  (a) EXCLUSION OF RECEIPTS AND DISBURSEMENTS- The second sentence of paragraph
  (6) of section 3 of the Congressional Budget and Impoundment Control Act
  of 1974 (2 U.S.C. 622(6)) is repealed.
  (b) EFFECTIVE DATE OF REPEAL- Section 275(b)(2)(A) of the Balanced Budget
  and Emergency Deficit Control Act of 1985 (2 U.S.C. 901 note) is amended
  by striking `and the second sentence of section 3(6) of such Act (as added
  by section 201(a)(1) of this joint resolution)'.
SEC. 2. SOCIAL SECURITY ACT.
  Subsection (a) of section 710 of the Social Security Act is amended by
  striking `shall not be included in the totals of the budget' and inserting
  `shall not be included in the budget deficit or any other totals of the
  budget'.
SEC. 3. FISCAL YEAR EFFECTIVE DATE.
  The amendments made by sections 1 and 2 shall apply with respect to fiscal
  years beginning after September 30, 1989.