Amendment106th Congress
Amendment in the nature of a substitute sought to require the enactment of legislation extending the solvency of the Social Security Trust Fund to 2050 and the Medicare Hospital Insurance (HI) Trust Fund for 12 additional years prior to the enactment of net new tax cuts or net new spending initiatives.
- Amendment Number
- 42
- Description
- Amendment in the nature of a substitute sought to require the enactment of legislation extending the solvency of the Social Security Trust Fund to 2050 and the Medicare Hospital Insurance (HI) Trust Fund for 12 additional years prior to the enactment of net new tax cuts or net new spending initiatives.
- Purpose
- An amendment no. 3 in part 2 of H.Rept. 106-77, made in order by the rule, to make tax cuts or spending contingent on legislation addressing the solvency of Medicare and Social Security; protects 100% of Social Security surplus; requires Treasury to apply 100% of surplus to the repurchase of government bonds and transfers that debt reduction to Medicare part A and Social Security trust funds.
- Congress
- 106
- Type
- HAMDT
- Latest Action Date
- Mar 25, 1999
- Latest Action Text
- On agreeing to the Spratt amendment (A004) Failed by recorded vote: 173 - 250 (Roll no. 76).
- Latest Action Time
- 18:56:06
- Submitted Date
- Mar 25, 1999
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021