Amends part A (General Provisions) of title XI of the Social Security Act to prohibit the inclusion of the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund and of the receipts from the taxes on self- employment income, employees, and employers in the totals of the Federal budget. Exempts such receipts and disbursements from any general statutory limitation on Federal budget outlays and from the provisions of the Congressional Budget and Impoundment Control Act of 1974 (other than certain impoundment control provisions).
Introduced in Senate
Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee has thirty days of continuous session to report or be discharged.
Committee on Governmental Affairs requested executive comment from GAO; CBO; OMB; Health and Human Services Department; Social Security Administration.
Committee on Governmental Affairs received executive comment from CBO.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line