H.R.560 - Social Security and Medicare Off-Budget Lockbox Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Ross, Mike [D-AR-4] (Introduced 02/13/2001)|
|Committees:||House - Budget; Rules; Ways and Means|
|Latest Action:||02/28/2001 Referred to the Subcommittee on Health.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.560 — 107th Congress (2001-2002)All Bill Information (Except Text)
Social Security and Medicare Off-Budget Lockbox Act of 2001 - Amends the Congressional Budget Act of 1974 to provide that the receipts and disbursements of the Federal Hospital Insurance Trust Fund shall not be counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of the Federal or congressional budgets or the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) (thus, making it off-budget).
Introduced in House (02/13/2001)
Provides for related points of order in the House of Representatives and the Senate to enforce such requirement.
Amends the Social Security Act to provide the same budgetary treatment for the Federal Hospital Insurance Trust Fund as is provided to the Federal Disability and Old-Age and Survivors Insurance Trust Funds.
Amends the Congressional Budget Act of 1974 to provide a point of order in the House or the Senate against consideration of any budget resolution or legislation that would cause or increase an on-budget deficit for any fiscal year.