114 STAT. 3150 CONCURRENT RESOLUTIONS—APR. 13, 2000 (2) not later than September 13, 2000, that consists of changes in laws within its jurisdiction sufficient to reduce the total level of revenues by not more than: $11,600,000,000 for fiscal year 2001, and $150,000,000,000 for the period of fiscal years 2001 through 2005. TITLE II—BUDGET ENFORCEMENT AND RULEMAKING Subtitle A—Budget Enforcement SEC. 201. LOCK-BOX FOR SOCIAL SECURITY SURPLUSES. (a) FINDINGS. —Congress finds that— (1) under the Budget Enforcement Act of 1990, the Social Security trust funds are off-budget for purposes of the President's budget submission and the concurrent resolution on the budget; (2) the Social Security trust funds have been running surpluses for 17 years; (3) these surpluses have been used to implicitly finance the general operations of the Federal Government; (4) in fiscal year 2001, the Social Security surplus will be $166 biliion; (5) this resolution balances the Federal budget without counting the Social Security surpluses; (6) the only way to ensure that Social Security surpluses are not diverted for other purposes is to balance the budget exclusive of such surpluses; and (7) the Congress and the President should take such steps as are necessary to ensure that future budgets are balanced excluding the surpluses generated by the Social Security trust funds. (b) SENSE OF THE CONGRESS.—I t is the sense of the Congress that legislation should be enacted in this session of Congress that would enforce the reduction in debt held by the public assumed in this resolution by the imposition of a statutory limit on such debt or other appropriate means. (c) POINT OF ORDER. — (1) IN GENERAL.—It shall not be in order in the House of Representatives or the Senate to consider any revision to this resolution or a concurrent resolution on the budget for fiscal year 2002, or any amendment thereto or conference report thereon, that sets forth a deficit for any fiscal year. (2) DEFICIT LEVELS.— For purposes of this subsection, a deficit shall be the level (if any) set forth in the most recently agreed to concurrent resolution on the budget for that fiscal year pursuant to section 301(a)(3) of the Congressional Budget Act of 1974. (d) EXCEPTION. —Subsection (c)(1) shall not apply if— (1) the most recent of the Department of Commerce's advance, preliminary, or final reports of actual real economic growth indicate that the rate of real economic growth for each of the most recently reported quarter and the immediately preceding quarter is less than 1 percent; or (2) a declaration of war is in effect.
Page:United States Statutes at Large Volume 114 Part 6.djvu/94