Individual Social Security Retirement Account Act of 1993

Summary

Individual Social Security Retirement Account Act of 1993 - Amends the Internal Revenue Code to reduce the social security taxes on employees, employers, and the self-employed for 1995 and thereafter. Amends title II (Old-Age, Survivors and Disability Insurance) of the Social Security Act to require employers to have in effect a social security payroll deduction plan for employees. Requires such plan to provide for employers to deduct the prescribed social security employee contribution for transfer, together with the prescribed social security employer contribution, to an individual social security retirement account of the employee. Provides for self-employed individuals to pay into such accounts the prescribed social security self-employment contribution. Sets forth penalties for failure to establish and maintain such accounts. Requires amounts deducted from employee wages to be shown on wage receipts for employees. Amends the Employee Retirement Income Security Act of 1974 to exempt social security payroll deduction plans from provisions governing employee benefit plans. Provides for the tax treatment of individual social security retirement accounts in a manner similar to individual retirement accounts.

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

Timeline

1. 5 January 1993

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

2. 5 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 January 1993

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

5. 2 February 1993

   Referred

   Referred to the Subcommittee on Labor-Management Relations.

   Source: Committee

6. 18 October 1993

   Introduced

   Sponsor introductory remarks on measure. (CR H8060-8061)

   Source: IntroReferral

7. 4 October 1994

   Committee

   Committee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 January 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 5 January 1993

  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. Porter, John Edward [R-IL-10] · R · Sponsor
• Rep. Fawell, Harris W. [R-IL-13] · R · Cosponsor
• Rep. Dornan, Robert K. [R-CA-46] · R · Cosponsor
• Rep. Packard, Ron [R-CA-48] · R · Cosponsor
• Rep. Walsh, James T. [R-NY-25] · R · Cosponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Cosponsor
• Rep. Lipinski, William O. [D-IL-3] · D · Cosponsor
• Sen. Crapo, Mike [R-ID] · R · Cosponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Cosponsor
• Rep. Hancock, Mel [R-MO-7] · R · Cosponsor
• Sen. Talent, Jim [R-MO] · R · Cosponsor
• Sen. Allard, Wayne [R-CO] · R · Cosponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• Rep. Livingston, Bob [R-LA-1] · R · Cosponsor
• Rep. Levy, David A. [R-NY-4] · R · Cosponsor
• Rep. Franks, Gary A. [R-CT-5] · R · Cosponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Cosponsor
• Rep. Parker, Mike [R-MS-4] · D · Cosponsor
• Rep. Boehner, John A. [R-OH-8] · R · Cosponsor
• Rep. Calvert, Ken [R-CA-41] · R · Cosponsor
• · hswm00 · Standing
• · hsed00 · Standing

Related records

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