S 2651 · 105th Congress · Economics and Public Finance

Save the Surplus Act of 1998

Introduced 1998-10-21· Sponsored by Sen. Faircloth, Lauch [R-NC]· Senate

Bill Progress

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Introduced
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Committee
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Senate Vote
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House
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Enacted
Latest: Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.(1998-10-21)

Plain Language Summary

[AI summary unavailable — showing source text] Save the Surplus Act of 1998 - Requires the President, in addition to the Federal budget prepared for FY 2000, to prepare an alternative Federal budget identifying spending reductions equal to $20.9 billion to ensure that surplus funds in FY 1999 are not spent for Government programs other than the Social Security Trust Funds.…

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