A bill to amend the Social Security Act to provide for the removal of the social security trust funds from the unified budget, and to provide for crediting to the social security trust funds in the amount of unnegotiated social security checks.

Summary

Amends part A (General Provisions) of title XI of the Social Security Act to exclude the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund from the totals of the Federal budget. Directs the President to prepare and transmit to Congress requests for new budget authority and estimates of outlays and revenues for the Federal Supplementary Medical Insurance Trust Fund which are separate from the requests for new budget authority and estimates of outlays and revenues included in the budget. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to direct the Secretary of the Treasury to implement procedures for identifying social security benefit checks issued under title II which have not been negotiated within one year and to credit the appropriate social security trust fund on a monthly basis for the amount of all unnegotiated benefit checks drawn on such trust fund. Requires the Secretary to pay a benefit check presented for payment after it has been credited to one of the trust funds if it is otherwise proper. Authorizes appropriations to reimburse the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund for the total amount of unnegotiated benefit checks.

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Timeline

1. 8 March 1982

   Introduced

   Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee has thirty days of continuous session to report or be discharged.

   Source: IntroReferral

2. 8 March 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 18 March 1982

   Committee

   Committee on Governmental Affairs requested executive comment from GAO; CBO; Health and Human Services Department.

   Source: Committee

4. 23 March 1982

   Committee

   Committee on Governmental Affairs requested executive comment from GAO; CBO; 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 · 8 March 1982

  Open at official source

Sponsors

• Sen. Metzenbaum, Howard M. [D-OH] · D · Sponsor
• · ssga00 · Standing
• · ssbu00 · Standing

Related records

• related to → A bill to amend the Social Security Act to provide for the removal of the social security trust funds from the unified budget and to provide for crediting to the social security trust funds in the amount of unnegotiated social security checks.