To amend title II of the Social Security Act to ensure the integrity of the Social Security trust funds by requiring the Managing Trustee to invest the annual surplus of such trust funds in marketable interest-bearing obligations of the United States and certificates of deposit in depository institutions insured by the Federal Deposit Insurance Corporation, and to protect such trust funds from the public debt limit.
Prohibits disinvestment of Social Security Trust Fund amounts from public debt obligations, any refraining from making such investments, or any delay in making normal deposits in such Trust Funds for public debt limit-related purposes. Authorizes, with certain conditions, the sale of Social Security Trust Fund public debt obligations for the payment of cash benefits and administrative expenses.
Referred to the Subcommittee on Social Security.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E8-9)
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Social Security.
Sponsor introductory remarks on measure. (CR E887)
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