Social Security Trust Fund Amendments of 1991

Summary

Social Security Trust Fund Amendments of 1991 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require that the Board of Trustees of the OASDI trust funds include eight members of the public, rather than two, and meet at least ten times each calendar year. Imposes a duty on the Board to use prudent person standards in overseeing the investment of OASDI funds for the exclusive purposes of providing benefits for OASDI beneficiaries and defraying reasonable expenses in administering such funds. Limits the proportion of such funds which may be invested in interest-bearing obligations of the United States.

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

Timeline

1. 3 January 1991

   Introduced

   Introduced in House

   Source: IntroReferral

2. 3 January 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 3 January 1991

   Introduced

   Introduced in House

   Source: IntroReferral

4. 23 January 1991

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1991

  Open at official source

Sponsors

• Rep. Smith, Neal Edward [D-IA-4] · D · Sponsor
• · hswm00 · Standing

Related records

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