To amend title II of the Social Security Act to diversify the investments of the Social Security trust funds by providing for investment of 40 percent of each year's surplus in such trust funds in certain private obligations, securities, or other instruments.
Social Security Trust Funds Investment Act of 1996 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to diversify the investments of the Federal Old Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund by requiring the investment of 40 percent of each year's surplus in such trust funds in certain private obligations, securities, or other instruments.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Social Security.
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