House
Sep 16, 1998To 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.
Summary
Official
Social Security Preservation Act of 1997 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (trust funds) to ensure that the annual surplus of the trust funds is invested in: (1)...
Bill Progress
Bill has been introduced and assigned a number
Introduced(2/27/97)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
MN
Mr. NEUMANN
(R) WI – 1
Cosponsors (7)
Topics
Latest Action
Sponsor introductory remarks on measure. (CR H7898)
Sep 16, 1998