Social Security Preservation Act of 1999

Summary

Social Security Preservation Act of 1999 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (social security trust funds) to ensure that the annual surplus of the trust funds is invested in: (1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United States; or (2) certificates of deposit in insured depository institutions. Outlines provisions for determining the annual surplus of the trust funds. Prohibits disinvestment of social security trust fund amounts from public debt obligations, any refraining from making such investments, or any delay in making normal deposits in such trust funds for public debt limit-related purposes. Authorizes the sale of social security trust fund public debt obligations for the payment of cash benefits and administrative expenses, with conditions, including notifying Congress and the Comptroller General in advance of such sale.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 January 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 6 January 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 January 1999

   Introduced

   Introduced in House

   Source: IntroReferral

4. 19 January 1999

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 January 1999 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 January 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 January 1999

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 6 January 1999

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Hall, Ralph M. [R-TX-4] · D · Sponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · D · Cosponsor
• Rep. Gilman, Benjamin A. [R-NY-20] · R · Cosponsor
• Rep. Metcalf, Jack [R-WA-2] · R · Cosponsor
• Rep. Peterson, Collin C. [D-MN-7] · D · Cosponsor
• Rep. Hilliard, Earl F. [D-AL-7] · D · Cosponsor
• Rep. Stump, Bob [R-AZ-3] · R · Cosponsor
• Rep. LaHood, Ray [R-IL-18] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Social Security Preservation Act of 1999