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Social Security and Medicare Off-Budget Lockbox Act of 2001

Referred to the Committee on the 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.

Official summary

Version 00 · Introduced in Senate · Jan 22, 2001

Social Security and Medicare Off-Budget Lockbox Act of 2001 - Amends the Congressional Budget Act of 1974 to provide that the receipts and disbursements of the Federal Hospital Insurance Trust Fund shall not be counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of the Federal or congressional budgets or the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) (thus, making it off-budget).Provides for related points of order in the House of Representatives and the Senate to enforce such requirement.Amends the Social Security Act to provide the same budgetary treatment for the Federal Hospital Insurance Trust Fund as is provided to the Federal Disability and Old-Age and Survivors Insurance Trust Funds.Amends the Congressional Budget Act of 1974 to provide a point of order in the House or the Senate against consideration of any budget resolution or legislation that would cause or increase an on-budget deficit for any fiscal year.

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Who introduced it

Sen. Daschle, Thomas A. [D-SD] · D–SD

Committees

  • Homeland Security and Governmental Affairs Committee
  • Budget Committee
  • Finance Committee
29 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Committee on the 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.

  2. Senate Committee on Finance discharged by Unanimous Consent.

  3. Senate Committee on Finance discharged by Unanimous Consent.

  4. Read twice and referred to the Committee on Finance.

  5. Introduced in Senate

Bill text & related measures

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Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.

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