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H.R. 1517 (113th): Social Security and Medicare Lock-Box Act

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To amend titles II and XVIII of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus and a Medicare Surplus Protection Account in the Federal Hospital Insurance Trust Fund to hold the Medicare surplus, to provide for suspension of investment of amounts held in such Accounts until enactment of legislation providing for investment of the Trust Funds in investment vehicles other than obligations of the United States, and to establish a Social Security and Medicare Part A Investment Commission to make recommendations for alternative forms of investment of the Social Security and Medicare surpluses.

The bill’s titles are written by its sponsor.

Sponsor and status

Tim Walberg

Sponsor. Representative for Michigan's 7th congressional district. Republican.

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Last Updated: Apr 11, 2013
Length: 13 pages
Introduced
Apr 11, 2013
113th Congress, 2013–2015
Status
Died in a previous Congress

This bill was introduced on April 11, 2013, in a previous session of Congress, but was not enacted.

Source

History

Apr 11, 2013
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

H.R. 1517 (113th) 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.

This bill was introduced in the 113th Congress, which met from Jan 3, 2013 to Jan 2, 2015. Legislation not enacted by the end of a Congress is cleared from the books.

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