S.Amdt. 898

SA 898. Mr. GRAHAM submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 13, setting forth the congressional budget for the United States Government for fiscal year 2010, revising the appropriate budgetary levels for fiscal year 2009, and setting forth the appropriate budgetary levels for fiscal years 2011 through 2014; which was ordered to lie on the table; as follows:

On page 68, after line 4, insert the following:

SEC. __. POINT OF ORDER TO PROTECT SOCIAL SECURITY.

(a) Point of Order in the Senate.--It shall not be in order in the Senate to consider any direct spending legislation in any fiscal year unless the Office of the Chief Actuary of the Social Security Administration has certified that income, excluding interest, into the Old-Age, Survivors, and Disability Insurance Trust Funds is projected to exceed outlays by at least $5,000,000,000 in all fiscal years provided for in the most recently adopted concurrent resolution on the budget.

(b) Suspension of Requirement During War or After Enactment of Legislation to Restore Solvency.--

(1) Legislation to restore sustainable solvency.--If the President submits legislation to Congress and Congress enacts legislation which would restore sustainable solvency to the Old-Age, Survivors, and Disability Insurance Trust Funds as certified by the Office of the Chief Actuary of the Social Security Administration, this section is suspended.

(2) War.--If a declaration of war is in effect, this section is suspended.

(3) Definition.--In this subsection, the term “sustainable solvency” means that the Old-Age, Survivors, and Disability Insurance Trust Funds have a positive trust fund ratio throughout the 75-year projection period and the ratio is stable or rising at the end of the period.

(c) Supermajority Waiver and Appeal.--This section may be waived or suspended in the Senate only by an affirmative vote of three-fifths of the Members, duly chosen and sworn. An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required in the Senate to sustain an appeal of the ruling of the Chair on a point of order raised under this section.