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United States · Bill · S

S. 2381 (106th)

Straight Talk on Social Security Act

referredUnited States· United States Congress· EN

Introduced

7 April 2000

Last action

7 April 2000 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. McCain, John [R-AZ]

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. 7 April 2000

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 7 April 2000

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 7 April 2000

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 7 April 2000

    ViewDownloadOpen at official source

    Leesvertaling

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  • Introduced in Senate

    summary · EN · 7 April 2000

    Open at official source

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Sponsors

Related records

Sources

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