An amendment to transfer 100 percent of the Social Security Trust Fund surplus to the Federal Reserve Bank of New York to be held in trust for the Social Security system and require that Congress default on publicly traded debt obligations before it could default on its obligations to the Social Security system.

failedUnited States· United States Congress· EN

Introduced

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Last action

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Status

On agreeing to the Rangel amendment (A001) Failed by recorded vote: 210 - 216 (Roll No. 463).

Records

Official amendment HAMDT 914 (105th) from United States at United States Congress. Status: On agreeing to the Rangel amendment (A001) Failed by recorded vote: 210 - 216 (Roll No. 463)..

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Votes

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Related records

amends → To amend the Social Security Act to establish the Protect Social Security Account into which the Secretary of the Treasury shall deposit budget surpluses until a reform measure is enacted to ensure the long-term solvency of the OASDI trust funds.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/amendment/105th-congress/hamdt-914
Open data entity: https://api.congress.gov/v3/amendment/105/hamdt/914
us · 105-hamdt-914 · source updated 15 August 2021