[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1364 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                S. 1364

  To ensure the timely payment of Social Security benefits in August 
                                 2011.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 13, 2011

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

_______________________________________________________________________

                                 A BILL


 
  To ensure the timely payment of Social Security benefits in August 
                                 2011.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Social Security Benefit Protection 
Act''.

SEC. 2. TIMELY PAYMENT OF AUGUST 2011 SOCIAL SECURITY BENEFITS.

    (a) Guarantee of Social Security Benefit Payments.--In addition to 
any other authority provided by law and for the purpose of ensuring 
that payments to beneficiaries are not barred or delayed, the Secretary 
of the Treasury may issue under chapter 31 of title 31, United States 
Code, obligations of the United States in an amount equal to the 
monthly insurance benefits payable under title II of the Social 
Security Act in August 2011.
    (b) Obligations Exempt From Public Debt Limit.--
            (1) In general.--Obligations issued under subsection (a) 
        shall not be taken into account in applying the limitation in 
        section 3101(b) of title 31, United States Code.
            (2) Termination of exemption.--Paragraph (1) shall cease to 
        apply on the earlier of--
                    (A) the date of the enactment of the first increase 
                in the limitation in section 3101(b) of title 31, 
                United States Code, after the date of the enactment of 
                this Act, or
                    (B) August 31, 2011.
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