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United States · Bill · S

S. 417 (98th)

A bill to amend the Social Security Act to establish depository accounts in the Treasury for those portions of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust Fund not required to meet current withdrawals, and for other purposes.

openUnited States· United States Congress· EN

Introduced

3 February 1983

Last action

8 February 1983 · Committee

Status

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

Sponsors

Sen. Proxmire, William [D-WI], Sen. Boren, David L. [D-OK], Sen. Bradley, Bill [D-NJ], Sen. DeConcini, Dennis [D-AZ], Sen. Eagleton, Thomas F. [D-MO], Sen. Hollings, Ernest F. [D-SC], Sen. Jackson, Henry M. [D-WA], Sen. Sarbanes, Paul S. [D-MD], Sen. Denton, Jeremiah [R-AL], Sen. Heflin, Howell [D-AL]

Subjects

Discovery layer

Source updated

3 January 2025

Official sourceView documentsShare

Summary

Amends titles II (Old Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act to establish the following accounts in the Treasury: (1) the Old-Age and Survivors Insurance Depositary Account; (2) the Disability Insurance Depositary Account; (3) the Hospital Insurance Depositary Account; and (4) the Supplementary Medical Insurance Depositary Account. Requires the Managing Trustee of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust Fund to deposit those portions of such trust funds not required to meet current withdrawals from such trust funds into the corresponding depositary accounts so established. Revises investment requirements with respect to trust fund assets deposited in such accounts.

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

Timeline

  1. 3 February 1983

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 3 February 1983

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 8 February 1983

    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

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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