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United States · Bill · HR

H.R. 3207 (105th)

To amend the Social Security Act to establish the Save Social Security First Reserve Fund into which the Secretary of the Treasury shall deposit budget surpluses pending Social Security reform.

referredUnited States· United States Congress· EN

Introduced

12 February 1998

Last action

19 February 1998 · Referred

Status

Referred to the Subcommittee on Social Security.

Sponsors

Rep. Rangel, Charles B. [D-NY-15], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Stark, Fortney Pete [D-CA-13], Rep. Matsui, Robert T. [D-CA-5], Rep. Coyne, William J. [D-PA-14], Rep. Levin, Sander M. [D-MI-12], Sen. Cardin, Benjamin L. [D-MD], Rep. McDermott, Jim [D-WA-7], Rep. Lewis, John [D-GA-5], Rep. Neal, Richard E. [D-MA-1], Rep. McNulty, Michael R. [D-NY-23], Rep. Jefferson, William J. [D-LA-2], Rep. Tanner, John S. [D-TN-8], Rep. Becerra, Xavier [D-CA-34], Rep. Thurman, Karen L. [D-FL-5], Rep. Kleczka, Gerald D. [D-WI-4], Rep. Minge, David [D-MN-2], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Martinez, Matthew G. [D-CA-31], Rep. Stenholm, Charles W. [D-TX-17], Rep. Berry, Marion [D-AR-1], Rep. Sisisky, Norman [D-VA-4], Rep. McGovern, James P. [D-MA-2], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. Strickland, Ted [D-OH-6], Rep. Delahunt, William D. [D-MA-10], Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5], Rep. Kaptur, Marcy [D-OH-9], Rep. Waxman, Henry A. [D-CA-33], Rep. Borski, Robert A. [D-PA-3], Rep. Maloney, Carolyn B. [D-NY-12], Del. Underwood, Robert A. [D-GU-At Large], Rep. Frost, Martin [D-TX-24], Rep. Sawyer, Tom [D-OH-14], Rep. Boyd, Allen [D-FL-2], Rep. LaFalce, John J. [D-NY-29], Sen. Markey, Edward J. [D-MA], Rep. Pelosi, Nancy [D-CA-11], Rep. Sherman, Brad [D-CA-32], Rep. Brown, Corrine [D-FL-5], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Pomeroy, Earl [D-ND-At Large], Rep. Hoyer, Steny H. [D-MD-5], Rep. Manton, Thomas J. [D-NY-7], Rep. Torres, Esteban Edward [D-CA-34], Rep. Lofgren, Zoe [D-CA-18], Rep. Barrett, Thomas M. [D-WI-5], Rep. Lantos, Tom [D-CA-12]

Subjects

Taxation, Budget

Source updated

7 April 2025

Taxation · Budget

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Summary

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to establish in the Treasury the Save Social Security First Reserve Fund to save any surpluses in the Federal budget pending social security reform. Requires the Secretary of the Treasury to: (1) pay into the Fund at the end of each fiscal year an amount equal to any such surplus; and (2) invest all such amounts in public debt securities with suitable maturities and bearing interest at rates determined by the Secretary.

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

Timeline

  1. 12 February 1998

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 12 February 1998

    Introduced

    Sponsor introductory remarks on measure. (CR E176)

    Source: IntroReferral

  3. 12 February 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 12 February 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 19 February 1998

    Referred

    Referred to the Subcommittee on Social Security.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 12 February 1998

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  • Introduced in House (PDF)

    Introduced in House · EN · 12 February 1998

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 12 February 1998

    Open at official source

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Sponsors

Showing 48 of 53 sponsors and actors.

Related records

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Sources

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