To provide for a deficit-neutral reserve fund for Social Security reform.

SA 4328. Mr. DeMINT submitted an amendment intended to be proposed by
him to the concurrent resolution S. Con. Res. 70, setting forth the
congressional budget for the United States Government for fiscal year
2009 and including the appropriate budgetary levels for fiscal years
2008 and 2010 through 2013; which was ordered to lie on the table; as
follows:

At the end of title III, add the following:

SEC. __. RESERVE FUND FOR SOCIAL SECURITY REFORM.

If the Senate Committee on Finance 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 to
be 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,
1952;
(3) providing participants with the benefits of savings and
investment while permitting the pre-funding of at least some
portion of future 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 Senate Committee on the Budget may revise
the allocations, aggregates, and other levels in this
resolution by the amounts provided by such legislation,
provided that such legislation would not increase the deficit
over either the period of the total of fiscal years 2008
through 2013 or the period of the total of fiscal years 2008
through 2018.
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