H.R. 3573 (101st): Social Security Preservation and Budget Process Reform Act of 1989

Introduced:
Nov 01, 1989 (101st Congress, 1989–1990)
Sponsor:
Rep. William Frenzel [R-MN3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on November 1, 1989, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 01, 1989
Cosponsors
4 cosponsors (4R) (show)
Committees

House Oversight and Government Reform

House Rules

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To take the social security trust fund receipts and disbursements out of the deficit calculations required by the Balanced Budget and Emergency Deficit Control Act of 1985 beginning with fiscal year 1994, to preserve these funds, and to provide for additional budget process reforms.

Summary

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Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

11/1/1989--Introduced.
Social Security Preservation and Budget Process Reform Act of 1989 -
Title I - Social Security Preservation
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to extend its provisions until 1999. Amends the Congressional Budget and Impoundment Control Act of 1974 to exclude, beginning with FY 1994, Federal Old Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund receipts and outlays from Federal deficit determinations. Declares that all interest payments to the trust funds shall be outlays for purposes of calculating the deficit. Establishes allowable maximum deficits for FY 1993 through 1997, to reach zero with respect to FY 1998. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend the prohibition on extraneous matters in reconciliation measures in the Senate until September 30, 1998. Amends the Congressional Budget Act of 1974 to prohibit the House of Representatives or the Senate from considering legislation that would decrease the actuarial soundness of the social security trust funds. Requires the Secretary of the Treasury to pay old age, survivors and disability insurance benefits notwithstanding any failure to increase the public debt limit.
Title II - Additional Budget Process Reforms
Revises the prohibition against counting as savings the transfer of outlays, receipts, or revenue from one fiscal year to another. Provides for counting new entitlement authority against a House committee's allocation of such authority for a fiscal year. Prohibits a provision of a reconciliation bill or resolution from being counted as savings if it would cause a decrease in savings for the current fiscal year and the next four fiscal years. Requires the House Committee on the Budget to delete extraneous matter from reconciliation legislation before reporting such legislation to the House. Revises reporting requirements about Federal spending by the Office of Management and Budget, the President, and the Comptroller General.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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