There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/13/2001)

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.