To reject proposals to partially or completely divert funds, which normally would be designated for the Social Security trust fund, into private savings accounts as a substitute for the lifelong, guaranteed, inflation-protected insurance benefits provided through Social Security.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for Mississippi's 4th congressional district. Democrat.
Last Updated: Oct 2, 2002
Length: 3 pages
107th Congress (2001–2002)
This bill was introduced on October 2, 2002, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
28 Cosponsors (27 Democrats, 1 Republican)
Oct 2, 2002
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 5541 (107th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 5541. This is the one from the 107th Congress.
This bill was introduced in the 107th Congress, which met from Jan 3, 2001 to Nov 22, 2002. Legislation not passed by the end of a Congress is cleared from the books.
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GovTrack.us. (2023). H.R. 5541 — 107th Congress: Rejecting Social Security Privatization Act of 2002. Retrieved from https://www.govtrack.us/congress/bills/107/hr5541
“H.R. 5541 — 107th Congress: Rejecting Social Security Privatization Act of 2002.” www.GovTrack.us. 2002. June 8, 2023 <https://www.govtrack.us/congress/bills/107/hr5541>
Rejecting Social Security Privatization Act of 2002, H.R. 5541, 107th Cong..
|title=H.R. 5541 (107th)
|accessdate=June 8, 2023
|author=107th Congress (2002)
|date=October 2, 2002
|quote=Rejecting Social Security Privatization Act of 2002
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