H.R. 1520: Social Security and Medicare Lock-Box Act

Introduced:

Mar 19, 2015

Status:

Referred to Committee on Mar 19, 2015

This bill was assigned to a congressional committee on March 19, 2015, which will consider it before possibly sending it on to the House or Senate as a whole.

Sponsor:

Tim Walberg

Representative for Michigan's 7th congressional district

Republican

Text:

Read Text »
Last Updated: Mar 19, 2015
Length: 13 pages

Prognosis:

0% chance of being enacted (details)

About the bill

Full Title

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.

Read CRS Summary >

History

Mar 19, 2015
 
Introduced

This is the first step in the legislative process.

 
Reported by Committee

 
Passed House

 
Passed Senate

 
Signed by the President

This page is about 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.

Links & tools

Primary Source

Congress.gov

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