Retirement Trust Fund Integrity Act of 1999

Summary

Retirement Trust Fund Integrity Act of 1999 - Establishes in the Treasury the Retirement Investment Fund (Fund). Requires the transfer to the Fund of that portion of each of the following trust funds that is not required to meet current withdrawals: the Civil Service Retirement and Disability Fund; the Department of Defense Military Retirement Fund; the Federal Disability Insurance Trust Fund; the Federal Hospital Insurance Trust Fund; the Federal Old-Age and Survivors Insurance Trust Fund; the Federal Supplementary Medical Insurance Trust Fund; and the Railroad Retirement Account. Directs the Retirement Trust Fund Investment Board to establish for the Fund a Common Stock Index Investment Fund for the investment of Fund assets. Requires an annual examination and report by a qualified public accountant of Fund books and records. Provides fiduciary responsibilities. Establishes the Retirement Trust Fund Investment Board as an independent agency, with an Executive Director chosen by Board members. Requires the Executive Director to report to each House of Congress and specified congressional committees on the state of the Fund. Prohibits Fund receipts and disbursements from being counted as new budget authority for purposes of the Federal budget, the congressional budget, or the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Provides special reporting requirements for the Congressional Budget Office and the Office of Management and Budget with respect to Fund assets.

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

Timeline

1. 9 February 1999

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Armed Services, Government Reform, the Budget, Transportation and Infrastructure, and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 9 February 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 February 1999

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 February 1999

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Armed Services, Government Reform, the Budget, Transportation and Infrastructure, and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

5. 10 February 1999

   Referred

   Referred to the Subcommittee on Ground Transportation.

   Source: Committee

6. 23 February 1999

   Referred

   Referred to the Subcommittee on Civil Service.

   Source: Committee

7. 24 February 1999

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

8. 5 March 1999

   Committee

   Executive Comment Requested from DOD.

   Source: Committee

9. 5 March 1999

   Referred

   Referred to the Subcommittee on Military Personnel.

   Source: Committee

10. 12 April 1999

    Referred

    Referred to the Subcommittee on Health and Environment, for a period to be subsequently determined by the Chairman.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 February 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 February 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 February 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 February 1999

  Open at official source

Sponsors

• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Sponsor
• · hsif00 · Standing
• · hsas00 · Standing
• · hswm00 · Standing
• · hsgo00 · Standing
• · hspw00 · Standing
• · hsbu00 · Standing

Related records

No cross-record relationships stored yet.