A bill to amend title II of the Social Security Act to provide that renewal commissions, received by a retired insurance agent from life insurance policies which were sold by him before his retirement, shall not be taken into account in determining his net earnings from self-employment for purposes of the earnings test.

Summary

Amends title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to disregard renewal commissions received by an insurance salesman from life insurance policies which such salesman sold before reaching age 65, for purposes of computing OASDI benefits based on income.

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

Timeline

1. 5 March 1979

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 5 March 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 March 1979

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 5 March 1979

  Open at official source

Sponsors

• Rep. Rousselot, John H. [R-CA-26] · R · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend title II of the Social Security Act to provide that renewal commissions, received by a retired insurance agent from life insurance policies which were sold by him before his retirement, shall not be taken into account in determining his net earnings from self-employment for purposes of the earnings test.