[Federal Register Volume 66, Number 87 (Friday, May 4, 2001)]
[Presidential Documents]
[Pages 22895-22896]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-11505]



[[Page 22893]]

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Part III





The President





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Executive Order 13210--President's Commission To Strengthen Social 
Security
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  Federal Register / Vol. 66, No. 87 / Friday, May 4, 2001 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 22895]]

                Executive Order 13210 of May 2, 2001

                
President's Commission To Strengthen Social 
                Security

                By the authority vested in me as President by the 
                Constitution and the laws of the United States of 
                America, including the Federal Advisory Committee Act, 
                as amended (5 U.S.C. App.), and to preserve Social 
                Security for senior Americans while building wealth for 
                younger Americans, it is hereby ordered as follows:

                Section 1. Establishment. There is established the 
                President's Commission to Strengthen Social Security 
                (Commission).

                Sec. 2. Membership. The Commission shall be composed of 
                sixteen members appointed by the President, of which no 
                more than eight shall be members of the same political 
                party. The President shall also designate two members 
                of the Commission to act as co-chairs. The two co-
                chairs shall not be members of the same political 
                party.

                Sec. 3. Mission. The mission of the Commission shall be 
                to submit to the President bipartisan recommendations 
                to modernize and restore fiscal soundness to the Social 
                Security system according to the following principles: 
                (a) Modernization must not change Social Security 
                benefits for retirees or near-retirees;

                    (b) The entire Social Security surplus must be 
                dedicated to Social Security only;
                    (c) Social Security payroll taxes must not be 
                increased;
                    (d) Government must not invest Social Security 
                funds in the stock market;
                    (e) Modernization must preserve Social Security's 
                disability and survivors components; and
                    (f) Modernization must include individually 
                controlled, voluntary personal retirement accounts, 
                which will augment the Social Security safety net.

                Sec. 4. Administration. (a) The Social Security 
                Administration shall, to the extent permitted by law, 
                provide administrative support and funding for the 
                Commission.

                    (b) Members of the Commission shall serve without 
                any compensation for their work on the Commission. 
                Members appointed from among private citizens of the 
                United States, however, while engaged in the work of 
                the Commission, may be allowed travel expenses, 
                including per diem in lieu of subsistence, as 
                authorized by law for persons serving intermittently in 
                Government service (5 U.S.C. 5701-5707), to the extent 
                funds are available.
                    (c) The Commission shall have a staff headed by an 
                Executive Director, who shall be selected by the 
                President. To the extent permitted by law, office 
                space, analytical support, and additional staff support 
                for the Commission shall be provided by executive 
                branch departments and agencies as directed by the 
                President.
                    (d) The Commission shall receive input from and 
                provide briefings to the Congress, by procedures 
                determined by the President in consultation with the 
                congressional leadership and the Commission. Public 
                hearings shall be held at the call of the co-chairs, in 
                consultation with the President.
                    (e) The functions of the President under the 
                Federal Advisory Committee Act, as amended, except for 
                those in section 6 of that Act, that are applicable to 
                the Commission, shall be performed by the Social 
                Security Administration,

[[Page 22896]]

                in accordance with the guidelines that have been issued 
                by the Administrator of General Services.

                Sec. 5. Reports. The Commission shall submit reports to 
                the President as follows: (a) Interim Report. An 
                interim report shall describe the challenges facing the 
                Social Security system and the criteria by which the 
                Commission will evaluate reform proposals. These 
                criteria may include but are not limited to: solvency, 
                sustainability, benefit adequacy, fair treatment across 
                generations and demographic groups, total annual cost 
                obligations, net impact on the Federal budget, impact 
                upon national savings, impact on workforce 
                participation, impact on employer-provided pension 
                plans, rates of return, and protections against 
                poverty.

                    (b) Final Report. The final report will set forth 
                the Commission's recommendations, in accordance with 
                its stated mission in section 3 of this order, 
                regarding how to strengthen Social Security with 
                personal accounts. The Commission shall submit its 
                final report during the fall of 2001. The submission 
                date shall be determined by the co-chairs in 
                consultation with the President.

                Sec. 6. Termination. The Commission shall terminate 30 
                days after submitting its final report.

                    (Presidential Sig.)B

                THE WHITE HOUSE,

                     May 2, 2001.

[FR Doc. 01-11505
Filed 5-3-01; 10:58 am]
Billing code 3195-01-P