S 1634 · 105th Congress · Economics and Public Finance

Honest Balanced Budget Act of 1998

Introduced 1998-02-11· Sponsored by Sen. Faircloth, Lauch [R-NC]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, as modified by the order of April 11, 1986, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.(1998-02-11)

Plain Language Summary

[AI summary unavailable — showing source text] Honest Balanced Budget Act of 1998 - Declares that the receipts and disbursements of the social security trust funds included in the gross Federal debt shall not be: (1) included in the Federal budget baseline for any fiscal year; and (2) counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of offsetting any tax decrease and any spending increase.…

Summarized by Claude AI · Non-partisan · For informational purposes only