[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 155 Introduced in House (IH)]







106th CONGRESS
  1st Session
H. CON. RES. 155

Expressing the sense of the Congress that the Federal Government should 
 not directly invest Social Security trust funds in private financial 
                                markets.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 14, 1999

Mr. Schaffer (for himself, Mr. Kolbe, Mrs. Myrick, Mr. Hostettler, Mr. 
    Paul, Mr. Buyer, Mr. Calvert, Mr. Sessions, Mr. Salmon, and Mr. 
  Tancredo) submitted the following concurrent resolution; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
Expressing the sense of the Congress that the Federal Government should 
 not directly invest Social Security trust funds in private financial 
                                markets.

    Resolved by the House of Representatives (the Senate concurring), 
That it is the sense of the Congress that the Federal Government should 
not directly invest any contributions made to the Federal Old-Age and 
Survivors Insurance Trust Fund or the Federal Disability Insurance 
Trust Fund, established under section 201 of the Social Security Act 
(42 U.S.C. 401), in private financial markets.
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