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H.R. 1520 (114th): Social Security and Medicare Lock-Box Act

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.

Overview

Introduced:

Mar 19, 2015
114th Congress, 2015–2017

Status:
Died in a previous Congress

This bill was introduced on March 19, 2015, in a previous session of Congress, but was not enacted.

Sponsor:

Tim Walberg

Representative for Michigan's 7th congressional district

Republican

Text:

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

History

Mar 19, 2015
 
Introduced

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

H.R. 1520 (114th) 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 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not enacted by the end of a Congress is cleared from the books.

How to cite this information.

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“H.R. 1520 — 114th Congress: Social Security and Medicare Lock-Box Act.” www.GovTrack.us. 2015. August 17, 2017 <https://www.govtrack.us/congress/bills/114/hr1520>

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