Railroad Retirement Technical Improvement Act of 2006

Railroad Retirement Technical Improvement Act of 2006 - Amends the Railroad Retirement Act of 1974 to repeal a provision requiring the Railroad Retirement Board to enter into an arrangement with a nongovernmental financial institution to serve as disbursing agent for annuity and death benefits. Requires the Secretary of the Treasury to serve as the disbursing agent for such benefits.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 3726 Introduced in Senate (IS)]








109th CONGRESS
  2d Session
                                S. 3726

 To amend the Railroad Retirement Act of 1974 to provide for continued 
   payment of railroad retirement annuities by the Department of the 
                   Treasury, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 25, 2006

 Mr. Santorum introduced the following bill; which was read twice and 
  referred to the Committee on Health, Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
 To amend the Railroad Retirement Act of 1974 to provide for continued 
   payment of railroad retirement annuities by the Department of the 
                   Treasury, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Railroad Retirement Technical 
Improvement Act of 2006''.

SEC. 2. DISBURSEMENT AGENT.

    Section 7(b)(4)(A) of the Railroad Retirement Act of 1974 (45 
U.S.C. 231f(b)(4)(A)) is amended to read as follows:
            ``(A) The Secretary of the Treasury shall serve as the 
        disbursing agent for benefits payable under this Act, under 
        such rules and regulations as the Secretary, in the Secretary's 
        discretion, may prescribe.''.
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