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United States · Bill · HR

H.R. 5028 (106th)

Straight Talk on Social Security Act

referredUnited States· United States Congress· EN

Introduced

27 July 2000

Last action

27 July 2000 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Sen. DeMint, Jim [R-SC], Sen. Sununu, John E. [R-NH], Rep. Weller, Jerry [R-IL-11], Rep. Biggert, Judy [R-IL-13], Rep. Fletcher, Ernie [R-KY-6], Rep. Green, Mark [R-WI-8], Rep. Hayes, Robin [R-NC-8], Sen. Isakson, Johnny [R-GA], Rep. Kuykendall, Steven T. [R-CA-36], Rep. Miller, Gary G. [R-CA-42], Rep. Ose, Doug [R-CA-3], Rep. Reynolds, Thomas M. [R-NY-26], Rep. Ryan, Paul [R-WI-1], Rep. Simpson, Michael K. [R-ID-2], Rep. Sweeney, John E. [R-NY-20], Rep. Tancredo, Thomas G. [R-CO-6], Rep. Terry, Lee [R-NE-2], Sen. Toomey, Patrick [R-PA], Sen. Vitter, David [R-LA], Rep. Walden, Greg [R-OR-2], Rep. Armey, Richard K. [R-TX-26], Rep. Campbell, Tom [R-CA-15], Sen. Coburn, Tom [R-OK], Rep. Kolbe, Jim [R-AZ-8], Rep. Doolittle, John T. [R-CA-4], Rep. Rogan, James E. [R-CA-27], Sen. Chambliss, Saxby [R-GA], Rep. Cannon, Chris [R-UT-3], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Schaffer, Bob [R-CO-4], Rep. Herger, Wally [R-CA-2], Rep. Foley, Mark [R-FL-16], Rep. Shadegg, John B. [R-AZ-3], Rep. Johnson, Sam [R-TX-3], Rep. Sanford, Mark [R-SC-1], Rep. Largent, Steve [R-OK-1], Rep. Souder, Mark E. [R-IN-3], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Ryun, Jim [R-KS-2], Rep. Calvert, Ken [R-CA-41], Rep. Pitts, Joseph R. [R-PA-16]

Subjects

Taxation

Source updated

20 August 2025

Taxation

Summary

Straight Talk on Social Security Act - Amends the Social Security Act to require social security account statements to contain: (1) a comparison of the annual social security tax inflows to the amount paid in benefits annually and a statement of whether the ratio will result in a cash flow deficit and what year such deficit will commence as well as the first year in which funds in the Federal Old-Age and Survivors and Disability Insurance Trust Funds will cease to be sufficient to cover the deficit and the percentage of benefits due at that time that could be paid from annual tax inflows; and (2) an explanation of the average rate of return that a taxpayer can expect to receive on old-age insurance benefits as compared to the total amount of social security taxes a taxpayer expects to pay.

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

Timeline

  1. 27 July 2000

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 27 July 2000

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 July 2000

    Introduced

    Introduced in House

    Source: IntroReferral

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 · 27 July 2000

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 27 July 2000

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 27 July 2000

    Open at official source

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Sponsors

Related records

Sources

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