3.0.0 219 2023-01-11T13:21:02Z 2023-01-11T13:21:02Z House H HR 2011-01-07 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PAUL:H.R. 219.Congress has the power to enact this legislation pursuantto the following:The constitutional authority for the Social SecurityPreservation Act is Article 1, Section 9, Clause 7 givingCongress the authority to control the expenditures of thefederal government.[Page H136]]]> hswm00 Ways and Means Committee House Standing hswm01 Social Security Subcommittee Referred to 2011-01-14T18:37:00Z Referred to 2011-01-07T14:04:50Z 2011-01-14 hswm01 Social Security Subcommittee 1 House committee actions Referred to the Subcommittee on Social Security. Committee 2011-01-07 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-01-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-01-07 Introduced in House IntroReferral 1000 9 Library of Congress P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 N J000292 Rep. Johnson, Bill [R-OH-6] Bill Johnson R OH 6 2011-02-08 False D000533 Rep. Duncan, John J., Jr. [R-TN-2] JOHN DUNCAN R TN J. 2 2011-02-28 False L000553 Rep. LaTourette, Steven C. [R-OH-14] STEVEN LATOURETTE R OH C. 14 2011-02-28 False P000599 Rep. Posey, Bill [R-FL-15] Bill Posey R FL 15 2011-03-10 False C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 2011-03-17 False A000365 Rep. Austria, Steve [R-OH-7] Steve Austria R OH 7 2011-05-03 False F000445 Rep. Forbes, J. Randy [R-VA-4] J. Forbes R VA Randy 4 2011-07-18 False S001176 Rep. Scalise, Steve [R-LA-1] Steve Scalise R LA 1 2011-07-18 False B001271 Rep. Benishek, Dan [R-MI-1] Dan Benishek R MI 1 2011-10-14 False J000285 Rep. Johnson, Timothy V. [R-IL-15] TIMOTHY JOHNSON R IL V. 15 2011-11-03 False R000593 Rep. Ross, Dennis A. [R-FL-12] Dennis Ross R FL A. 12 2012-07-17 False Social Welfare Bank accounts, deposits, capital Budget deficits and national debt Financial services and investments Government trust funds Securities Social security and elderly assistance Social Welfare 00 2011-01-07 Introduced in House 2011-01-12T23:08:45Z Social Security Preservation Act of 2011 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (Social Security Trust Funds) to ensure that the annual surplus of the Social Security Trust Funds is invested in: (1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United States; or (2) certificates of deposit in insured depository institutions. Outlines requirements for determining the annual surplus of the Trust Funds.

Prohibits disinvestment of Social Security Trust Fund amounts from public debt obligations, any refraining from making such investments, or any delay in making normal deposits in such Trust Funds for public debt limit-related purposes. Authorizes, with certain conditions, the sale of Social Security Trust Fund public debt obligations for the payment of cash benefits and administrative expenses.

]]> Social Security Preservation Act of 2011 Display Title Social Security Preservation Act of 2011 Official Title as Introduced To amend title II of the Social Security Act to ensure the integrity of the Social Security trust funds by requiring the Managing Trustee to invest the annual surplus of such trust funds in marketable interest-bearing obligations of the United States and certificates of deposit in depository institutions insured by the Federal Deposit Insurance Corporation, and to protect such trust funds from the public debt limit. Introduced in House IH Short Titles as Introduced Social Security Preservation Act of 2011 Introduced in House 2011-01-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr219ih/xml/BILLS-112hr219ih.xml 2011-01-14 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.