Bill Summary & Status
106th Congress (1999 - 2000)
S.AMDT.1398



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S.AMDT.1398
Amends: S.1429
Sponsor: Sen Abraham, Spencer [MI] (submitted 7/28/1999) (proposed 7/28/1999)

AMENDMENT PURPOSE:
To preserve and protect the surpluses of the social security trust funds by reaffirming the exclusion of receipts and disbursement from the budget, by setting a limit on the debt held by the public, and by amending the Congressional Budget Act of 1974 to provide a process to reduce the limit on the debt held by the public.

TEXT OF AMENDMENT AS SUBMITTED: CR S9618

STATUS:

COSPONSORS(13):