H.R. 219 (112th): Social Security Preservation Act of 2011

Introduced:
Jan 07, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Ronald “Ron” Paul
Representative for Texas's 14th congressional district
Party
Republican
Text
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Last Updated
Jan 07, 2011
Length
7 pages
Related Bills
H.R. 219 (111th) was a previous version of this bill.

Referred to Committee
Last Action: Jan 06, 2009

 
Status

This bill was introduced on January 7, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 07, 2011
Referred to Committee Jan 07, 2011
 
Full Title

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.

Summary

No summaries available.

Cosponsors
11 cosponsors (11R) (show)
Committees

House Ways and Means

Social Security

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


1/7/2011--Introduced.
Social Security Preservation Act of 2011 - 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 (Social Security Trust Funds) to ensure that the annual surplus of the Social Security Trust Funds is invested in:
(1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United States; or
(2) certificates of deposit in insured depository institutions.
Outlines requirements for determining the annual surplus of the Trust Funds.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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