A bill to protect the Social Security Trust Funds and other retirement funds from actions designed to avoid the statutory limit on the public debt.

Summary

Prohibits the Secretary of the Treasury from reducing the assets or earnings of, or delaying payments to, the Federal Old-Age and Survivors Insurance Trust Fund, Federal Disability Insurance Trust Fund, Federal Hospital Insurance Trust Fund, Federal Supplementary Medical Insurance Trust Fund, Railroad Retirement Account, Civil Service Retirement and Disability Fund, and Department of Defense Military Retirement Fund in order to avoid violating the public debt limit.

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Timeline

1. 4 November 1985

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 4 November 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 7 November 1985

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department, Health and Human Services Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 4 November 1985

  Open at official source

Sponsors

• Sen. Kennedy, Edward M. [D-MA] · D · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Simon, Paul [D-IL] · D · Cosponsor
• Sen. Rockefeller, John D., IV [D-WV] · D · Cosponsor
• Sen. Dodd, Christopher J. [D-CT] · D · Cosponsor
• · ssfi00 · Standing

Related records

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