Social Security Trust Funds Integrity Act of 1997 - Amends titles II (Old Age, Survivors and Disability Insurance) (OASDI) and XVIII (Medicare) of the Social Security Act to restructure the Board of Trustees of the trust funds supporting the OASDI and Medicare programs, with each Board composed of members appointed by the President, by and with the advice and consent of the Senate, on a bipartisan basis at the recommendation of House and Senate leadership and the five largest organizations representing senior citizens.
Makes it the duty of the Managing Trustee chairing the Board to invest trust fund amounts not necessary to meet current withdrawals according to an annual investment plan the Board is required to formulate and submit to the President and the Congress.
Removes restrictions on investment and disinvestment of amounts in such trust funds.
Introduced in House
Introduced in House
Referred to House Ways and Means
Referred to the Committee on Ways and Means, and in addition to the Committee on Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Commerce
Referred to the Subcommittee on Human Resources.
Referred to the Subcommittee on Health.
Referred to the Subcommittee on Health and Environment, for a period to be subsequently determined by the Chairman.
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