Summary: S.478 — 98th Congress (1983-1984)All Information (Except Text)

There is one summary for S.478. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/15/1983)

Amends part A (General Provisions) of title XI of the Social Security Act to: (1) exclude 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 social security taxes from the totals of the Federal budget; and (2) exempt such items from any general statutory limitation on Federal expenditures and net lending. Requires that the Federal Supplementary Medical Insurance Trust Fund be treated as a separate item in the Federal budget with respect to new budget authority and budget outlays and recommended revenue levels for such fund.