Page:United States Statutes at Large Volume 113 Part 3.djvu/471

 CONCURRENT RESOLUTIONS—APR. 15, 1999 113 STAT. 1989 House) at any time, in the same mann(jr, and to the same extent as in the case of any other rule of that House. TITLE III—SENSE OF CONGRESS, HOUSE, AND SENATE PROVISIONS Subtitle A—Sense of Congress Provisions SEC. 301. SENSE OF CONGRESS ON THE PROTECTION OF THE SOCIAL SECURITY SURPLUSES. (a) FINDINGS.— Congress finds that— (1) Congress and the President should balance the budget excluding the surpluses generated by the Social Security trust funds; (2) reducing the Federal debt held by the public is a top national priority, strongly supported on a bipartisan basis, as evidenced by Federal Reserve Chairman Alan Greenspan's comment that debt reduction "is a very important element in sustaining economic growth", as well as President Clinton's comments that it "is very, very important that we get the Government debt down" when referencing his own plans to use the budget surplus to reduce Federal debt held by the public; (3) according to the Congressional Budget Office, balancing the budget excluding the surpluses generated by the Social Security trust funds will reduce debt held by the public by a total of $1,723,000,000,000 by the end of fiscal year 2009, $417,000,000,000, or 32 percent, more than it would be reduced under the President's fiscal year 2000 budget submission; (4) further, according to the Congressional Budget Office, that the President's budget would actually spend $40,000,000,000 of the Social Security surpluses in fiscal year 2000 on new spending programs, and spend $158,000,000,000 of the Social Security surpluses on new spending programs from fiscal year 2000 through 2004; and (5) Social Security surpluses should be used for Social Security reform, retirement security, or to reduce the debt held by the public and should not be used for other purposes. (b) SENSE OF CONGRESS.— It is the sense of Congress that the functional totals in this concurrent resolution on the budget assume that Congress shall pass legislation which— (1) reaffirms the provisions of section 13301 of the Omnibus Budget Reconciliation Act of 1990 that provides that the receipts and disbursements of the Social Security trust funds shall not be counted for the purposes of the budget submitted by the President, the congressional budget, or the Balanced Budget and Emergency Deficit Control Act of 1985, and provides for a point of order within the Senate against any concurrent resolution on the budget, an amendment thereto, or a conference report thereon that violates that section; (2) mandates that the Social Security surpluses are used only for the payment of Social Security benefits, retirement security, Social Security reform, or to reduce the Federal debt held by the public and such mandate shall be implemented by establishing a super-majority point of order in the Senate

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