Text: H.Res.23 — 107th Congress (2001-2002)All Bill Information (Except Text)

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Introduced in House (01/30/2001)


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[Congressional Bills 107th Congress]
[From the U.S. Government Printing Office]
[H. Res. 23 Introduced in House (IH)]







107th CONGRESS
  1st Session
H. RES. 23

 Expressing the sense of the House of Representatives that any portion 
of the Federal budget surplus attributable to the Department of Defense 
 Military Retirement Fund should be used exclusively for the financing 
    of the military retirement and survivor benefit programs of the 
                         Department of Defense.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 30, 2001

  Mr. Hill (for himself and Mr. Taylor of Mississippi) submitted the 
   following resolution; which was referred to the Committee on the 
   Budget, and in addition to the Committee on Armed Services, for a 
 period to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                               RESOLUTION


 
 Expressing the sense of the House of Representatives that any portion 
of the Federal budget surplus attributable to the Department of Defense 
 Military Retirement Fund should be used exclusively for the financing 
    of the military retirement and survivor benefit programs of the 
                         Department of Defense.

Whereas the Congress has made commitments to balance the Federal budget without 
        including the surpluses of trust funds dedicated to particular purposes, 
        such as the Old-Age and Survivors Insurance Trust Fund, the Disability 
        Insurance Trust Fund, and the Hospital Insurance Trust Fund;
Whereas the assets of the Department of Defense Military Retirement Fund are 
        used to finance the military retirement and survivor benefit programs of 
        the Department of Defense;
Whereas the Department of Defense Military Retirement Fund is facing a long-term 
        unfunded actuarial liability which will require all of the fund's 
        current surplus to pay the retirement and survivor benefits promised to 
        current and future members of the Armed Forces; and
Whereas the assets in the Department of Defense Military Retirement Fund are 
        included in the calculation of the Federal budget surplus and account 
        for approximately $100,000,000,000 of the estimated Federal budget 
        surplus during the next 10 years: Now, therefore, be it
    Resolved, That it is the sense of the House of Representatives that 
any portion of the Federal budget surplus attributable to the 
Department of Defense Military Retirement Fund should be used 
exclusively for the financing of the military retirement and survivor 
benefit programs of the Department of Defense, and not for the 
financing of tax policy changes, new Federal spending, or any other 
purpose.
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