[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 221 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 221

To amend the Social Security Act to require the Commissioner of Social 
 Security to submit specific legislative recommendations to ensure the 
              solvency of the Social Security trust funds.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 28, 1997

   Mr. Gregg introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Social Security Act to require the Commissioner of Social 
 Security to submit specific legislative recommendations to ensure the 
              solvency of the Social Security trust funds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LEGISLATIVE RECOMMENDATIONS TO ENSURE THE SOLVENCY OF THE 
              SOCIAL SECURITY TRUST FUNDS.

    Section 201(c) of the Social Security Act (42 U.S.C. 401(c)) is 
amended by inserting after the 7th sentence the following: ``If the 
statement includes a finding that 1 or both of the Trust Funds are not 
in close actuarial balance (as so defined) for the succeeding 75 years, 
the Commissioner of Social Security shall include in the report 
specific legislative recommendations, the enactment of which into law 
would, according to an actuarial opinion of the Chief Actuary of the 
Social Security Administration, be sufficient to place such Trust Funds 
in such close actuarial balance.''.
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