3.0.0 25 2019-11-15T21:33:32Z 2019-11-15T21:33:32Z House H HJRES 2005-02-17 109 hsju00 Judiciary Committee House Standing hsju10 Constitution and Limited Government Subcommittee Referred to 2005-04-04T14:25:42Z Referred to 2005-02-17T15:10:20Z 2005-04-04 hsju10 Constitution and Limited Government Subcommittee 1 House committee actions Referred to the Subcommittee on the Constitution. Committee 2005-02-17 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2005-02-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-02-17 Introduced in House IntroReferral 1000 9 Library of Congress M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 N Social Welfare Bank accounts Congress Constitutional amendments Earnings Economics and Public Finance Finance and Financial Sector Government trust funds Inflation Labor and Employment Law Legislation Old age, survivors and disability insurance Privatization Social security finance Social Welfare 00 2005-02-17 Introduced in House 2005-03-17T19:34:56Z Constitutional Amendment - Prohibits Congress from passing any law which alters the fundamental structure of the Federal Old-Age, Survivors, and Disability Insurance Program under title II of the Social Security Act as a social insurance program which provides guaranteed benefits that cannot be outlived to retirees and guaranteed benefits to disabled workers, the families of retirees and disabled workers, and the survivors of deceased retirees and workers. Requires that such benefits: (1) be fully protected against inflation; (2) incorporate a progressive benefit structure under which the benefit amount is based on the level of earnings a worker had during his or her working years; and (3) be financed in a way that pools risks and rewards broadly across society and between generations.

Prohibits Congress from passing any law which diverts revenues from the Social Security trust funds, including contributions under the Federal Insurance Contributions Act and the Self-Employment Contributions Act, or uses such revenues for any purpose other than paying Social Security benefits and financing the administrative costs associated with paying such benefits.

Prohibits Congress from passing any law which fully or partially privatizes Social Security, including the establishment of individual investment accounts which replace some or all of the Social Security benefits, which directly or indirectly cause reductions in such benefits, or which are used to finance such benefits.

]]> Proposing an amendment to the Constitution of the United States relating to the maintenance of a system of social insurance that provides social security for its citizens. Display Title Proposing an amendment to the Constitution of the United States relating to the maintenance of a system of social insurance that provides social security for its citizens. Official Title as Introduced Proposing an amendment to the Constitution of the United States relating to the maintenance of a system of social insurance that provides social security for its citizens. Introduced in House 2005-02-17T05:00:00Z 2005-04-04 Referred to the Subcommittee on the Constitution. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.