To establish a reserve fund for Social Security reform.

SA 3087. Mr. DeMINT (for himself and Mr. Crapo) submitted an
amendment intended to be proposed by him to the concurrent resolution
S. Con. Res. 83, setting forth the congressional budget for the United
States Government for fiscal year 2007 and including the appropriate
budgetary levels for fiscal years 2006 and 2008 through 2011; which was
ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. RESERVE FUND FOR SOCIAL SECURITY REFORM.

If the Committee on Finance of the Senate reports a bill or
joint resolution, or an amendment is offered thereto, or a
conference report is submitted thereon, that provides changes
to the Federal Old Age, Survivors, and Disability Insurance
Benefits Program established under title II of the Social
Security Act (42 U.S.C. 401 et seq.), by--
(1) requiring that the Federal Old Age and Survivors Trust
Fund and the Federal Disability Insurance Trust Fund are used
only to finance expenditures to provide retirement income of
future beneficiaries of such program;
(2) ensuring that there is no change to current law
scheduled benefits for individuals born before January 1,
1950;
(3) providing the option to voluntarily obtain legally
binding ownership of at least some portion of each
participant's benefits; and
(4) ensuring that the funds made available to finance such
legislation do not exceed the amounts of the Chief Actuary of
the Social Security Administration's intermediate actuarial
estimates of the Federal Old Age and Survivors Trust Fund and
the Federal Disability Insurance Trust Fund, as published in
the most recent report of the Board of Trustees of such Trust
Funds,

the chairman of the Committee on the Budget of the Senate may
make the appropriate adjustments in allocations and
aggregates to the extent that such legislation would not
increase the deficit for fiscal year 2007 and for the period
of fiscal years 2007 through 2011.
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