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United States · Bill · HR

H.R. 857 (105th)

Social Security Preservation Act of 1997

openUnited States· United States Congress· EN

Introduced

27 February 1997

Last action

16 September 1998 · Introduced

Status

Sponsor introductory remarks on measure. (CR H7898)

Sponsors

Rep. Neumann, Mark W. [R-WI-1], Rep. McIntosh, David M. [R-IN-2], Rep. Souder, Mark E. [R-IN-3], Rep. Metcalf, Jack [R-WA-2], Rep. Barton, Joe [R-TX-6], Rep. Bass, Charles F. [R-NH-2], Rep. Bono, Sonny [R-CA-44], Rep. Bryant, Ed [R-TN-7], Sen. Burr, Richard [R-NC], Rep. Campbell, Tom [R-CA-15], Rep. Chabot, Steve [R-OH-1], Rep. Chenoweth-Hage, Helen [R-ID-1], Rep. Christensen, Jon [R-NE-2], Sen. Coburn, Tom [R-OK], Rep. Cubin, Barbara [R-WY-At Large], Rep. Duncan, John J., Jr. [R-TN-2], Rep. English, Phil [R-PA-3], Sen. Ensign, John [R-NV], Rep. Foley, Mark [R-FL-16], Rep. Forbes, Michael P. [D-NY-1], Sen. Graham, Lindsey [R-SC], Rep. Gutknecht, Gil [R-MN-1], Rep. Hastings, Doc [R-WA-4], Rep. Hayworth, J. D. [R-AZ-5], Rep. Hilleary, Van [R-TN-4], Rep. Hoekstra, Peter [R-MI-2], Rep. Hostettler, John N. [R-IN-8], Rep. LaHood, Ray [R-IL-18], Rep. LaTourette, Steven C. [R-OH-14], Rep. Myrick, Sue Wilkins [R-NC-9], Rep. Ney, Robert W. [R-OH-18], Rep. Norwood, Charles W. [R-GA-9], Rep. Petri, Thomas E. [R-WI-6], Rep. Radanovich, George [R-CA-19], Rep. Riggs, Frank [R-CA-1], Rep. Rohrabacher, Dana [R-CA-48], Rep. Royce, Edward R. [R-CA-39], Rep. Salmon, Matt [R-AZ-5], Rep. Scarborough, Joe [R-FL-1], Rep. Shadegg, John B. [R-AZ-3], Rep. Smith, Christopher H. [R-NJ-4], Rep. Smith, Linda [R-WA-3], Rep. Smith, Nick [R-MI-7], Rep. Stearns, Cliff [R-FL-6], Rep. Thornberry, Mac [R-TX-13], Rep. Tiahrt, Todd [R-KS-4], Rep. Wamp, Zach [R-TN-3], Rep. Watts, J. C., Jr. [R-OK-4]

Subjects

Discovery layer

Source updated

21 August 2025

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Summary

Social Security Preservation Act of 1997 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (trust funds) to ensure that the annual surplus of the trust funds is invested in: (1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United States; or (2) certificates of deposit in insured depository institutions. Outlines provisions for determining the annual surplus of the trust funds. Prohibits disinvestment of trust fund amounts from public debt obligations, any refraining from making such investments, or any delay in making normal deposits in such trust funds for public debt limit-related purposes. Authorizes the sale of trust fund public debt obligations for the payment of cash benefits and administrative expenses, with conditions, including notification to each House of Congress and the Comptroller General at least three days in advance of such sale.

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

Timeline

  1. 27 February 1997

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 27 February 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 February 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 March 1997

    Referred

    Referred to the Subcommittee on Social Security.

    Source: Committee

  5. 27 January 1998

    Introduced

    Sponsor introductory remarks on measure. (CR H23-28)

    Source: IntroReferral

  6. 26 February 1998

    Introduced

    Sponsor introductory remarks on measure. (CR H662-670)

    Source: IntroReferral

  7. 18 March 1998

    Introduced

    Sponsor introductory remarks on measure. (CR H1289-1291)

    Source: IntroReferral

  8. 21 April 1998

    Introduced

    Sponsor introductory remarks on measure. (CR H2080-2088)

    Source: IntroReferral

  9. 14 May 1998

    Introduced

    Sponsor introductory remarks on measure. (CR H3301)

    Source: IntroReferral

  10. 23 June 1998

    Introduced

    Sponsor introductory remarks on measure. (CR H5044-5052)

    Source: IntroReferral

  11. 16 September 1998

    Introduced

    Sponsor introductory remarks on measure. (CR H7898)

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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Leesvertaling

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  • Introduced in House (text)

    Introduced in House · EN · 27 February 1997

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  • Introduced in House (PDF)

    Introduced in House · EN · 27 February 1997

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  • Introduced in House

    summary · EN · 27 February 1997

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Sponsors

Showing 48 of 97 sponsors and actors.

Related records

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Sources

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