H.R. 3304, Growing Real Ownership for Workers Act of 2005

3.0.0 3304 2022-02-03T05:31:10Z 2022-02-03T05:31:10Z House H HR 2005-07-14 109 hswm00 Ways and Means Committee House Standing hswm01 Social Security Subcommittee Referred to 2005-07-20T19:46:19Z Referred to 2005-07-14T14:03:05Z 2005-07-20 hswm01 Social Security Subcommittee 1 House committee actions Referred to the Subcommittee on Social Security. Committee 2005-07-15 Sponsor introductory remarks on measure. (CR E1499) IntroReferral B00100 9 Library of Congress 2005-07-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-07-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-07-14 Introduced in House IntroReferral 1000 9 Library of Congress M000388 Rep. McCrery, Jim [R-LA-4] JIM MCCRERY R LA 4 N S000303 Rep. Shaw, E. Clay, Jr. [R-FL-22] E. SHAW R FL CLAY 22 2005-07-14 True J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2005-07-14 True R000570 Rep. Ryan, Paul [R-WI-1] PAUL RYAN R WI 1 2005-07-14 True S000275 Rep. Shadegg, John B. [R-AZ-3] JOHN SHADEGG R AZ 3 2005-07-14 True H000528 Rep. Herger, Wally [R-CA-2] WALLY HERGER R CA 2 2005-07-14 True L000293 Rep. Lewis, Ron [R-KY-2] RON LEWIS R KY 2 2005-07-14 True B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2005-07-14 True C001046 Rep. Cantor, Eric [R-VA-7] ERIC CANTOR R VA 7 2005-07-14 True C001052 Rep. Chocola, Chris [R-IN-2] Chris Chocola R IN 2 2005-07-14 True A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2005-07-14 True A000361 Rep. Alexander, Rodney [R-LA-5] Rodney Alexander R LA 5 2005-07-14 True B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2005-07-14 True B000072 Rep. Baker, Richard H. [R-LA-6] RICHARD BAKER R LA H. 6 2005-07-14 True B001239 Rep. Barrett, J. Gresham [R-SC-3] J. Barrett R SC Gresham 3 2005-07-14 True B000208 Rep. Bartlett, Roscoe G. [R-MD-6] ROSCOE BARTLETT R MD G. 6 2005-07-14 True B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2005-07-14 True C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2005-07-14 True F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2005-07-14 True F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2005-07-14 True F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 2005-07-14 True G000180 Rep. Gilchrest, Wayne T. [R-MD-1] WAYNE GILCHREST R MD T. 1 2005-07-14 True G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2005-07-14 True H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2005-07-14 True I000056 Rep. Issa, Darrell E. [R-CA-49] DARRELL ISSA R CA E. 49 2005-07-14 True I000047 Rep. Istook, Ernest J., Jr. [R-OK-5] ERNEST ISTOOK R OK JIM 5 2005-07-14 True J000287 Rep. Jindal, Bobby [R-LA-1] Bobby Jindal R LA 1 2005-07-14 True K000220 Rep. Kingston, Jack [R-GA-1] JACK KINGSTON R GA 1 2005-07-14 True K000364 Rep. Kuhl, John R. "Randy", Jr. [R-NY-29] John Kuhl R NY R. "Randy" 29 2005-07-14 True 2005-11-04 M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2005-07-14 True M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2005-07-14 True M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2005-07-14 True N000143 Rep. Northup, Anne M. [R-KY-3] ANNE NORTHUP R KY M. 3 2005-07-14 True P000587 Rep. Pence, Mike [R-IN-6] MIKE PENCE R IN 6 2005-07-14 True P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2005-07-14 True P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2005-07-14 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2005-07-14 True W000267 Rep. Weldon, Dave [R-FL-15] DAVE WELDON R FL 15 2005-07-14 True W000437 Rep. Wicker, Roger F. [R-MS-1] Roger Wicker R MS F. 1 2005-07-14 True B001149 Rep. Burton, Dan [R-IN-5] DAN BURTON R IN 5 2005-07-18 False K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2005-07-26 False G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2005-07-26 False 2005-07-27 M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2005-07-26 False K000362 Rep. King, Steve [R-IA-5] Steve King R IA 5 2005-07-28 False G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2005-07-28 False H001033 Rep. Hart, Melissa A. [R-PA-4] MELISSA HART R PA A. 4 2005-07-28 False C000116 Rep. Cannon, Chris [R-UT-3] CHRIS CANNON R UT 3 2005-09-07 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2005-09-07 False W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2005-10-26 False 2005-09-13T04:00:00Z H.R. 3304, Growing Real Ownership for Workers Act of 2005 http://www.cbo.gov/publication/17155 <p>Cost estimate for the bill as introduced on July 14, 2005</p> 2005-09-13T04:00:00Z H.R. 3304, Growing Real Ownership for Workers Act of 2005 https://www.cbo.gov/publication/17155 Cost estimate for the bill as introduced on July 14, 2005 Social Welfare Annuities Congress Congressional oversight Congressional reporting requirements Congressional veto Divorce Economics and Public Finance Estate tax Executive reorganization Families Finance and Financial Sector Financial statements Government Operations and Politics Government paperwork Government publicity Government securities Government trust funds Income tax Labor and Employment Mutual funds Old age, survivors and disability insurance Retirement income Saving and investment Survivors' benefits Tax exemption Tax-deferred compensation plans Taxation Social Welfare

00 2005-07-14 Introduced in House 2005-08-04T21:17:09Z Growing Real Ownership for Workers Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) to add a new part B (GROW Accounts Program) under which a GROW Accounts Board shall establish a GROW account for each participating individual.

Directs the Secretary of the Treasury, during each calendar year, to transfer to the Board for deposit into an interim fund, amounts equal in the aggregate to 100% of the net OASDI Trust Fund surplus for such calendar year.

Requires the interim fund to be invested by the Board in marketable Government Securities.

Provides for distributions of an account balance at retirement and treatment of part A (Old Age, Survivors, and Disability Insurance) benefit payments.

Amends the Internal Revenue Code to: (1) exempt all GROW accounts from federal taxes; (2) make account distributions taxable as Social Security benefits; and (3) exempt assets of GROW accounts from the estate tax.

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Growing Real Ownership for Workers Act of 2005 Short Titles as Introduced Growing Real Ownership for Workers Act of 2005 Popular Titles Social Security Overhaul bill 9 Library of Congress Display Title Growing Real Ownership for Workers Act of 2005 Official Title as Introduced To amend the Social Security Act and the Internal Revenue Code of 1986 to stop the Congress from spending Social Security's tax revenue surpluses on other Government programs by dedicating those surpluses to personal accounts. Introduced in House 2005-07-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr3304ih/xml/BILLS-109hr3304ih.xml 2005-07-20 Referred to the Subcommittee on Social Security. 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.