Social Security and Medicare Safe Deposit Box Act of 1999

Social Security and Medicare Safe Deposit Box Act of 1999 - Provides that the net surplus of any trust fund for part A of Medicare shall not be counted as a net surplus for purposes of the Federal or congressional budgets or the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

Amends the Congressional Budget Act of 1974 to provide a point of order in the House of Representatives or the Senate against consideration of any concurrent budget resolution or conference report or amendment pertaining thereto that would set forth an on-budget deficit for any fiscal year.

Makes it out of order in the House or the Senate to consider any bill, joint resolution, amendment, motion, or conference report if the enactment of the reported bill or resolution, the adoption and enactment of an amendment, or the enactment of a bill or resolution in the form recommended in the conference report would cause or increase an on-budget deficit for any fiscal year.

Includes the receipts, outlays, and surplus or deficit in the Federal Old-Age and Survivors and Disability Insurance Trust Funds within the content of the concurrent budget resolution.

Authorizes a waiver or suspension in the Senate of points of order under this Act only with a three-fifths majority. Requires the same majority to sustain an appeal on a ruling on such points of order.

Prohibits the Federal Government budget submitted by the President from recommending an on-budget deficit for any covered fiscal year.

Applies the amendments made by this Act to FY 2001 and subsequent fiscal years.