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H.R. 1215: 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: Feb 13, 2019
Length: 13 pages
Introduced
Feb 13, 2019
Status

Introduced on Feb 13, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on February 13, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
3% chance of being enacted according to Skopos Labs (details)
Source

History

Feb 13, 2019
 
Introduced

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

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 1215 is 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.

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“H.R. 1215 — 116th Congress: Social Security and Medicare Lock-Box Act.” www.GovTrack.us. 2019. June 18, 2019 <https://www.govtrack.us/congress/bills/116/hr1215>

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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.