S 478 · 98th Congress · Social Welfare

A bill to amend the Social Security Act to provide for removal of the social security trust funds from the unified budget.

Introduced 1983-02-15· Sponsored by Sen. Riegle, Donald W., Jr. [D-MI]· Senate

Bill Progress

✓
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, with instructions that if one committee reports, the other have thirty days of continuous session to report to be discharged.(1983-02-15)

Plain Language Summary

[AI summary unavailable — showing source text] Amends part A (General Provisions) of title XI of the Social Security Act to: (1) exclude the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund and social security taxes from the totals of the Federal budget; and (2) exempt such items from any general statutory limitation on Federal expenditures and net lending. Requires that the Federal Supplementary Medical Insurance Trust Fund be treated as a separate item in the Federal budget with respect to new budget authority and budget outlays and recommended revenue levels for such fund.…

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