Summary: S.Con.Res.21 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for S.Con.Res.21. Bill summaries are authored by CRS.

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Introduced in Senate (03/07/2001)

Expresses the sense of Congress that any long-term Federal surplus-reducing actions adopted by the 107th Congress shall include a legislative "trigger" mechanism that: (1) links the phase in of such actions to actual budgetary outcomes over the next ten fiscal years; and (2) outlines specific action that shall be taken should specified levels of Federal debt reduction or on-budget surpluses not be realized, in order to maintain fiscal discipline and continue reduction of the national debt.