[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 2752 Introduced in Senate (IS)]







109th CONGRESS
  2d Session
                                S. 2752

 To amend titles II and XVIII of the Social Security Act to limit the 
service of a member of the Board of Trustees of the Federal Old-Age and 
Survivors Insurance Trust Fund, the Federal Disability Insurance Trust 
    Fund, the Federal Hospital Insurance Trust Fund, or the Federal 
 Supplementary Medical Insurance Trust Fund serving as a member of the 
 public to one four-year term and to require the President to consult 
with the chairman and ranking member of the Committee on Finance of the 
  Senate prior to nominating an individual to serve as such a member.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 4, 2006

  Mr. Grassley (for himself and Mr. Baucus) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend titles II and XVIII of the Social Security Act to limit the 
service of a member of the Board of Trustees of the Federal Old-Age and 
Survivors Insurance Trust Fund, the Federal Disability Insurance Trust 
    Fund, the Federal Hospital Insurance Trust Fund, or the Federal 
 Supplementary Medical Insurance Trust Fund serving as a member of the 
 public to one four-year term and to require the President to consult 
with the chairman and ranking member of the Committee on Finance of the 
  Senate prior to nominating an individual to serve as such a member.

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

SECTION 1. LIMITATION TO ONE FOUR-YEAR TERM OF SERVICE FOR A MEMBER OF 
              THE BOARD OF TRUSTEES OF THE SOCIAL SECURITY OR MEDICARE 
              TRUST FUNDS SERVING AS A MEMBER OF THE PUBLIC AND 
              REQUIRED CONSULTATION PRIOR TO NOMINATING AN INDIVIDUAL 
              TO SERVE AS SUCH A MEMBER.

    (a) Social Security Trust Funds.--Section 201(c) of the Social 
Security Act (42 U.S.C. 401(c)) is amended--
            (1) in the first sentence, by inserting ``, after 
        consultation with the chairman and ranking member of the 
        Committee on Finance of the Senate,'' after ``President''; and
            (2) by inserting after the first sentence the following new 
        sentence: ``A member of the Board of Trustees serving as a 
        member of the public may not serve more than one four-year 
        term.''.
    (b) Medicare Trust Funds.--
            (1) Part a trust fund.--Section 1817(b) of such Act (42 
        U.S.C. 1395i(b)) is amended--
                    (A) in the first sentence, by inserting ``, after 
                consultation with the chairman and ranking member of 
                the Committee on Finance of the Senate,'' after 
                ``President''; and
                    (B) by inserting after the first sentence the 
                following new sentence: ``A member of the Board of 
                Trustees serving as a member of the public may not 
                serve more than one four-year term.''.
            (2) Part b trust fund.--Section 1841(b) of such Act (42 
        U.S.C. 1395t(b)) is amended--
                    (A) in the first sentence, by inserting ``, after 
                consultation with the chairman and ranking member of 
                the Committee on Finance of the Senate,'' after 
                ``President''; and
                    (B) by inserting after the first sentence the 
                following new sentence: ``A member of the Board of 
                Trustees serving as a member of the public may not 
                serve more than one four-year term.''.
    (c) Effective Date.--The amendments made by this section take 
effect on the date of enactment of this Act and shall apply to 
confirmations and appointments of members of the Board of Trustees of 
the Federal Old-Age and Survivors Insurance Trust Fund, the Federal 
Disability Insurance Trust Fund, the Federal Hospital Insurance Trust 
Fund, or the Federal Supplementary Medical Insurance Trust Fund serving 
as a member of the public occurring on or after that date.
                                 <all>