H.Amdt.611 to H.Con.Res.290106th Congress (1999-2000)
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|Amends Bill:||H.Con.Res.290 — Establishing the congressional budget for the United States Government for fiscal year 2001, revising the congressional budget for the United States Government for fiscal year 2000, and setting forth appropriate budgetary levels for each of fiscal years 2002 through 2005.|
|Sponsor:||Rep. Stenholm, Charles W. [D-TX-17] (Offered 03/23/2000)|
|Latest Action:||03/23/2000 On agreeing to the Stenholm amendment (A003) as modified Failed by recorded vote: 171 - 243, 1 Present (Roll no. 72). (text as modified: CR H1368)|
Description: H.Amdt. 611 — 106th Congress (1999-2000)
Amendment in the nature of a substitute, as modified, sought to retire the public debt by 2012; provide investments in education, veterans, health care and defense; and establish a $40 billion Medicare reserve fund that can be used for Medicare reform and a prescription drug benefit.
An amendment in the nature of a substitute numbered 3 printed in Part B of House Report 106-535 to recommend a total of $605.9 billion in discretionary budget authority for FY 2001; recommend an increase of $2 billion in national defense budget authority and an increase of $1 billion in national defense outlays; recommend an increase of approximately $1 billion in both authority and outlays for veterans' benefits; devote approximately 50% of the FY 2001 on-budget surplus to debt reduction; call for $40 billion in tax cuts over FY's 2001-2005; and to call for a $40 billion reserve fund for Medicare over FY's 2001-2005 and $150 billion over FY's 2001-2011.
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