3.0.0 440 2022-02-03T05:29:51Z 2022-02-03T05:29:51Z House H HR 2005-02-01 109 hswm00 Ways and Means Committee House Standing hswm01 Social Security Subcommittee Referred to 2005-02-17T19:59:12Z Referred to 2005-02-01T19:01:50Z hsru00 Rules Committee House Standing Referred to 2005-02-01T19:02:00Z Individual Social Security Investment Program Act of 2005 109 530 HR 2005-07-12 Sponsor introductory remarks on measure. (CR H5644) Related bill CRS Social Security Guarantee Plus Act of 2005 109 750 HR 2005-03-03 Referred to the Subcommittee on Social Security. Related bill CRS Social Security Personal Savings Guarantee and Prosperity Act of 2005 109 1776 HR 2005-05-09 Referred to the Subcommittee on Social Security. Related bill CRS Retirement Security Act of 2005 109 1800 HR 2005-05-04 Referred to the Subcommittee on Social Security. Related bill CRS Saving Social Security Act of 2005 109 540 S 2005-03-07 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2166-2170) Related bill CRS Social Security Personal Savings Guarantee and Prosperity Act of 2005 109 857 S 2005-04-20 Read twice and referred to the Committee on Finance. Related bill CRS 2005-04-19 Sponsor introductory remarks on measure. (CR H2140-2141) IntroReferral B00100 9 Library of Congress 2005-03-02 Sponsor introductory remarks on measure. (CR H931-932, H932-933, H933, H933-934, H934, H935, H935-936, H937) IntroReferral B00100 9 Library of Congress 2005-02-17 hswm01 Social Security Subcommittee 1 House committee actions Referred to the Subcommittee on Social Security. Committee 2005-02-01 Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2005-02-01 Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2005-02-01 Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-02-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-02-01 Introduced in House IntroReferral 1000 9 Library of Congress K000306 Rep. Kolbe, Jim [R-AZ-8] JIM KOLBE R AZ 8 N B000716 Rep. Boyd, Allen [D-FL-2] ALLEN BOYD D FL JR. 2 2005-02-01 True Social Welfare Administrative remedies Annuities Armed Forces and National Security Civil actions and liability Civil service retirement Commerce Congress Congressional reporting requirements Consumer price indexes Cost of living adjustments Crime and Law Enforcement Death Disabled Early retirement Earned income tax credit Earnings Economics and Public Finance Executive reorganization Expedited congressional procedure Families Federal budgets Federal employees Finance and Financial Sector Financial statements Fines (Penalties) Fraud Government Operations and Politics Government paperwork Government publicity Government trust funds Governmental investigations Health House rules and procedure Income tax Independent regulatory commissions Indexing (Economic policy) Information disclosure (Securities law) Injunctions Investments Judicial review Labor and Employment Law Legal fees Legislative resolutions Licenses Life expectancy Limitation of actions Married people Medicaid Medicare Military pensions Mortality Mutual funds Off-budget expenditures Old age, survivors and disability insurance Parties to actions Payroll deductions Planning Railroad retirement plans Retirement age Saving and investment Securities and Exchange Commission Self-employed Senate rules and procedure Social Security Administration Social security beneficiaries Social security eligibility Social security finance Social security numbers Social security taxes Tax credits Tax rates Taxation Transportation and Public Works Trusts and trustees Wages Widowers Widows Women Workers' compensation Social Welfare 00 2005-02-01 Introduced in House 2005-03-04T20:48:18Z Bipartisan Retirement Security Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act (SSA) to add a new part B (Individual Security System) under which the Commissioner of Social Security shall establish in the Individual Security Fund (created under this Act) an individual security account that is federally administered and funded by employee and employer Social Security payroll deductions available for investment for each eligible individual born after December 31, 1949. Makes an individual eligible, in specified circumstances, to designate a privately-administered individual security account to serve in lieu of the individual's federally administered individual security account.

Establishes in the Treasury the Individual Security Fund, and in the Social Security Administration an Individual Security Fund Board. Prohibits an individual at any time from concurrently maintaining: (1) a privately administered individual security account with each of two or more certified institutions; or (2) a privately administered and a federally administered individual security account.

Amends the Internal Revenue Code to: (1) entitle each part B eligible individual to a credit, based on annual wages, self-employment income, or earned income credit, for use only for an individual security account; and (2) provide for the tax treatment of such accounts, excluding from gross income any amounts voluntarily contributed to them, together with earnings.

Amends SSA title II to establish the minimum monthly insurance benefit of a qualified individual who initially becomes eligible for old-age or disability insurance benefits, or dies (before becoming eligible for such benefits), for a month beginning after December 31, 2009, and who (if ineligible for old-age insurance benefits) has quarters of coverage greater in number than the number of such individual's elapsed years.

Amends SSA title V to establish a mechanism for remedying unforeseen deterioration in social security solvency.

Increases widow's and widower's insurance benefits.

Limits the benefits of a married couple to the level of maximum worker benefits.

]]> Bipartisan Retirement Security Act of 2005 Short Titles as Introduced Bipartisan Retirement Security Act of 2005 Display Title Bipartisan Retirement Security Act of 2005 Official Title as Introduced To amend title II of the Social Security Act to provide for individual security accounts funded by employee and employer Social Security payroll deductions, to extend the solvency of the old-age, survivors, and disability insurance program, and for other purposes. Introduced in House 2005-02-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr440ih/xml/BILLS-109hr440ih.xml 2005-04-19 Sponsor introductory remarks on measure. (CR H2140-2141) 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.