3.0.0 603 2023-01-11T13:28:59Z 2023-01-11T13:28:59Z House HR 2015-01-28 114 [Congressional Record Volume 161, Number 14 (Wednesday, January 28, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. BLACKBURN:H.R. 603.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3.[Page H663]]]> hswm00 Ways and Means Committee House Standing hswm01 Social Security Subcommittee Referred to 2015-02-12T21:43:20Z Referred to 2015-01-28T14:06:50Z Social Security and Medicare Lock-Box Act 114 1520 HR 2015-04-01 Referred to the Subcommittee on Health. Related bill CRS 2015-02-12 hswm01 Social Security Subcommittee 1 House committee actions Referred to the Subcommittee on Social Security. Committee 2015-01-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-01-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-01-28 Introduced in House IntroReferral 1000 9 Library of Congress B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 N N000186 Rep. Nunnelee, Alan [R-MS-1] Alan Nunnelee R MS 1 2015-01-28 True H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2015-02-11 False Social Welfare Advisory bodies Financial services and investments Government studies and investigations Government trust funds Social security and elderly assistance Social Welfare 00 2015-01-28 Introduced in House 2015-02-18T21:41:59Z Savings for Seniors Act of 2015

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to establish in the Federal Old-Age and Survivors Insurance Trust Fund a Social Security Surplus Protection Account to hold the Social Security surplus.

Denies the availability of the balance in the Account for investment by the Managing Trustee.

Establishes in the executive branch of Government a Social Security Investment Commission to study the most effective vehicles for investment of the Federal Old-Age and Survivors Insurance Trust Fund, other than investment in the form of U.S. obligations resulting in the transfer of Trust Fund assets to the general fund of the Treasury.

]]> Savings for Seniors Act of 2015 Display Title Savings for Seniors Act of 2015 Official Title as Introduced To amend title II 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, to provide for suspension of investment of amounts held in the Account until enactment of legislation providing for investment of the Trust Fund in investment vehicles other than obligations of the United States, and to establish a Social Security Investment Commission to make recommendations for alternative forms of investment of the Social Security surplus in the Trust Fund. Introduced in House IH Short Titles as Introduced Savings for Seniors Act of 2015 Introduced in House 2015-01-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr603ih/xml/BILLS-114hr603ih.xml 2015-02-12 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.