H.R.4012: Honest Balanced Budget Act of 1998

About This Bill

Bill Cosponsor

Bill Summary

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.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on the Budget, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Budget
Referred to House Ways and Means
Referred to the Subcommittee on Social Security.
Sponsor introductory remarks on measure.
June 5, 1998

Introduced in the House by Cliff Stearns (R-Fla.)

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