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United States · Law · HR

H.R. 2924 (104th)

To guarantee the timely payment of social security benefits in March 1996.

enactedUnited States· United States Congress· EN

Introduced

1 February 1996

Last action

Status

Became Public Law No: 104-103.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Declares that: (1) Congress intends to pass an increase in the public debt limit before March 1, 1996; and (2) social security beneficiaries should be assured, in the interim, that social security benefits will be paid on a timely basis in March 1996. Authorizes the Secretary of the Treasury to issue U.S. obligations before March 1, 1996, in an amount equal to the monthly insurance benefits payable under title II (Old-Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act in March 1996. Exempts such obligations from the public debt limit until the earlier of March 15, 1996, or the date of enactment of the first increase in such limit after enactment of this Act.

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Documents

11 official files

Enrolled Bill (text)

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