HR 2628
104th Congress
House
Social Welfare
Economics and Public Finance
Government trust funds
Investment of public funds
Labor and Employment
Old age, survivors and disability insurance
Railroad retirement plans
Transportation and Public Works
To confirm the President's commitment that the social security trust funds will not be used other than for payment of benefits.
Introduced: November 14, 1995
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 14, 1995
Referred to the House Committee on Ways and Means.
Nov 14, 1995
Introduced in House
Plain-English summary
Prohibits the Secretary of the Treasury from using amounts held in the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, or any of the railroad retirement funds and accounts for any purpose other than paying benefits and related administrative expenses from such fund.
Authorizes the Secretary to invest amounts credited to any such fund in accordance with normal operating procedures as otherwise provided by law.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1