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United States · Bill · HR

H.R. 2928 (104th)

Social Security Preservation Act of 1996

referredUnited States· United States Congress· EN

Introduced

1 February 1996

Last action

6 February 1996 · Referred

Status

Referred to the Subcommittee on Social Security.

Sponsors

Rep. Neumann, Mark W. [R-WI-1], Rep. Chenoweth-Hage, Helen [R-ID-1], Sen. Hutchinson, Tim [R-AR], Rep. Chrysler, Dick [R-MI-8], Rep. Tiahrt, Todd [R-KS-4], Rep. Shadegg, John B. [R-AZ-3], Rep. Fox, Jon D. [R-PA-13], Rep. McIntosh, David M. [R-IN-2], Rep. Cooley, Wes [R-OR-2], Sen. Burr, Richard [R-NC], Rep. English, Phil [R-PA-3], Rep. Metcalf, Jack [R-WA-2], Rep. Weller, Jerry [R-IL-11], Sen. Coburn, Tom [R-OK], Rep. Riggs, Frank [R-CA-1], Rep. LaTourette, Steven C. [R-OH-14], Rep. Salmon, Matt [R-AZ-5], Rep. Stockman, Steve [R-TX-36], Rep. Smith, Nick [R-MI-7], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Funderburk, David [R-NC-2]

Subjects

Discovery layer

Source updated

21 August 2025

Official sourceDownload fileView documentsShare

Summary

Social Security Preservation Act of 1996 - 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 (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 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 trust fund public debt obligations for the payment of cash benefits and administrative expenses, with conditions, including notification to each House of Congress and the Comptroller General at least three days in advance of such sale.

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

Timeline

  1. 1 February 1996

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 1 February 1996

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 1 February 1996

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 6 February 1996

    Referred

    Referred to the Subcommittee on Social Security.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 1 February 1996

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 1 February 1996

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 1 February 1996

    Open at official source

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Sponsors

Related records

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Sources

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