To amend title II of the Social Security Act to assure the continuing financial solvency of the OASDI Trust Funds, and to require periodic reports by the Board of Trustees of the Trust Funds regarding the actuarial balance of the Trust Funds.
Social Security Solvency Protection Act of 1989 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require that when legislation increases OASDI benefits in excess of a specified amount there be a corresponding increase in social security taxes and when legislation decreases such taxes in excess of a specified amount there be a corresponding decrease in OASDI benefits. Requires an affirmative vote of three-fifths of the members of the Senate before legislation breaching such requirements may be considered. Requires the Board of Trustees of the OASDI trust funds to annually report to the Congress on the actuarial balance of such funds.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the House Committee on Rules.
Subcommittee Hearings Held.
Referred to the Subcommittee on Social Security.
Referred to the Subcommittee on the Legislative Process.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line