To amend the Social Security Act to establish the Protect Social Security Account into which the Secretary of the Treasury shall deposit budget surpluses until a reform measure is enacted to ensure the long-term solvency of the OASDI trust funds.

Summary

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to establish in the Treasury the Protect Social Security Account to save budget surpluses until a reform measure is enacted to ensure the long-term solvency of the Old Age, Survivors and Disability Insurance Trust Fund. Requires the Secretary of the Treasury to: (1) pay into the Account at the end of each fiscal year an amount equal to any such surplus; and (2) invest all such amounts in public debt obligations.

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

Timeline

1. 5 March 1998

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 5 March 1998

   Introduced

   Sponsor introductory remarks on measure. (CR E315)

   Source: IntroReferral

3. 5 March 1998

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 March 1998

   Introduced

   Introduced in House

   Source: IntroReferral

5. 11 March 1998

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 March 1998 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 March 1998

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 March 1998

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 5 March 1998

  Open at official source

  Leesvertaling

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  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

• Sen. Bunning, Jim [R-KY] · R · Sponsor
• Rep. Johnson, Sam [R-TX-3] · R · Sponsor
• Rep. Nussle, Jim [R-IA-2] · R · Sponsor
• Rep. Collins, Mac [R-GA-3] · R · Sponsor
• Rep. English, Phil [R-PA-3] · R · Sponsor
• Rep. Porter, John Edward [R-IL-10] · R · Sponsor
• Rep. Kleczka, Gerald D. [D-WI-4] · D · Cosponsor
• Sen. Portman, Rob [R-OH] · R · Cosponsor
• Rep. Emerson, Jo Ann [R-MO-8] · R · Cosponsor
• Rep. Pomeroy, Earl [D-ND-At Large] · D · Cosponsor
• · hswm00 · Standing

Related records

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