Growing Real Ownership for Workers Act of 2005

Summary

Growing Real Ownership for Workers Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) to add a new part B (GROW Accounts Program) under which a GROW Accounts Board shall establish a GROW account for each participating individual. Directs the Secretary of the Treasury, during each calendar year, to transfer to the Board for deposit into an interim fund, amounts equal in the aggregate to 100% of the net OASDI Trust Fund surplus for such calendar year. Requires the interim fund to be invested by the Board in marketable Government Securities. Provides for distributions of an account balance at retirement and treatment of part A (Old Age, Survivors, and Disability Insurance) benefit payments. Amends the Internal Revenue Code to: (1) exempt all GROW accounts from federal taxes; (2) make account distributions taxable as Social Security benefits; and (3) exempt assets of GROW accounts from the estate tax.

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

Timeline

1. 14 July 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 July 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 July 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 July 2005

   Introduced

   Sponsor introductory remarks on measure. (CR E1499)

   Source: IntroReferral

5. 20 July 2005

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 July 2005 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 July 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 July 2005

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 14 July 2005

  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. McCrery, Jim [R-LA-4] · R · Sponsor
• Rep. Shaw, E. Clay, Jr. [R-FL-22] · R · Sponsor
• Rep. Johnson, Sam [R-TX-3] · R · Sponsor
• Rep. Ryan, Paul [R-WI-1] · R · Sponsor
• Rep. Shadegg, John B. [R-AZ-3] · R · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. Lewis, Ron [R-KY-2] · R · Sponsor
• Rep. Brady, Kevin [R-TX-8] · R · Sponsor
• Rep. Cantor, Eric [R-VA-7] · R · Sponsor
• Rep. Chocola, Chris [R-IN-2] · R · Sponsor
• Rep. Akin, W. Todd [R-MO-2] · R · Sponsor
• Rep. Alexander, Rodney [R-LA-5] · R · Sponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Barrett, J. Gresham [R-SC-3] · R · Sponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Sponsor
• Rep. Bishop, Rob [R-UT-1] · R · Sponsor
• Rep. Conaway, K. Michael [R-TX-11] · R · Sponsor
• Rep. Feeney, Tom [R-FL-24] · R · Sponsor
• Rep. Foxx, Virginia [R-NC-5] · R · Sponsor
• Sen. Flake, Jeff [R-AZ] · R · Sponsor
• Rep. Gilchrest, Wayne T. [R-MD-1] · R · Sponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Sponsor
• Rep. Hensarling, Jeb [R-TX-5] · R · Sponsor
• Rep. Issa, Darrell [R-CA-48] · R · Sponsor
• Rep. Istook, Ernest J., Jr. [R-OK-5] · R · Sponsor
• Rep. Jindal, Bobby [R-LA-1] · R · Sponsor
• Rep. Kingston, Jack [R-GA-1] · R · Sponsor
• Rep. Kuhl, John R. "Randy", Jr. [R-NY-29] · R · Sponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Sponsor
• Rep. McHenry, Patrick T. [R-NC-10] · R · Sponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Sponsor
• Rep. Northup, Anne M. [R-KY-3] · R · Sponsor
• Rep. Pence, Mike [R-IN-6] · R · Sponsor
• Rep. Pitts, Joseph R. [R-PA-16] · R · Sponsor
• Rep. Price, Tom [R-GA-6] · R · Sponsor
• Rep. Sessions, Pete [R-TX-17] · R · Sponsor
• Rep. Weldon, Dave [R-FL-15] · R · Sponsor
• Sen. Wicker, Roger F. [R-MS] · R · Sponsor
• Rep. Burton, Dan [R-IN-5] · R · Cosponsor
• Rep. Kline, John [R-MN-2] · R · Cosponsor
• Rep. Gerlach, Jim [R-PA-6] · R · Cosponsor
• Rep. Marchant, Kenny [R-TX-24] · R · Cosponsor
• Rep. King, Steve [R-IA-4] · R · Cosponsor
• Rep. Gohmert, Louie [R-TX-1] · R · Cosponsor
• Rep. Hart, Melissa A. [R-PA-4] · R · Cosponsor
• Rep. Cannon, Chris [R-UT-3] · R · Cosponsor
• Rep. Terry, Lee [R-NE-2] · R · Cosponsor

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Related records

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