To amend the Social Security Act to provide additional safeguards for beneficiaries with representative payees under the old-age, survivors, and disability insurance program or the supplemental security income program.

Amends titles II (Old Age, Survivors and Disability Insurance) (OASDI) and XVI (Supplemental Security Income) (SSI) of the Social Security Act (SSA) with regard to: (1) authority to reissue OASDI and SSI benefits misused by organizational representative payees; (2) bonding and licensing requirements applicable to nongovernmental organizational representative payees; (3) fee forfeiture in case of benefit misuse by qualified organizational representative payees; and (4) liability of nongovernmental representative payees for misused benefits.