3.0.0 313 2023-01-11T13:34:31Z 2023-01-11T13:34:31Z House HR 2017-01-05 115 [Congressional Record Volume 163, Number 3 (Thursday, January 5, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. BLACKBURN:H.R. 313.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3[Page H182]]]> hswm00 Ways and Means Committee House Standing hswm01 Social Security Subcommittee Referred to 2017-01-23T21:50:17Z Referred to 2017-01-05T15:05:30Z Social Security and Medicare Lock-Box Act 115 1218 HR 2017-02-24 Referred to the House Committee on Ways and Means. Related bill CRS 2017-01-23 hswm01 Social Security Subcommittee 1 House committee actions Referred to the Subcommittee on Social Security. Committee 2017-01-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-01-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-01-05 Introduced in House IntroReferral 1000 9 Library of Congress B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 N H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2017-01-05 True G000582 Resident Commissioner González-Colón, Jenniffer [R-PR-At Large] Jenniffer Gonzalez-Colon R PR 0 2017-06-20 False Social Welfare Advisory bodies Financial services and investments Government studies and investigations Government trust funds Social security and elderly assistance Social Welfare 00 2017-01-05 Introduced in House 2017-04-19T15:45:49Z Savings for Seniors Act of 2017

This bill 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.

The Managing Trustee of the Social Security trust funds (the Secretary of the Treasury) must: (1) transfer annual Social Security surpluses to the account; and (2) may not invest the balance in the account until a law takes effect after FY2017 that authorizes, for amounts in the trust fund, an investment vehicle other than U.S. obligations resulting in the transfer of trust fund assets to the general fund of the Treasury.

The bill establishes in the executive branch a commission to study the most effective vehicles for investment of the Federal Old-Age and Survivors Insurance Trust Fund other than investments in the form of U.S. obligations.]]>

Savings for Seniors Act of 2017 Display Title Savings for Seniors Act of 2017 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 2017 Introduced in House 2017-01-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr313ih/xml/BILLS-115hr313ih.xml 2017-01-23 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.