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HR 3636 104th Congress House

Social Security Preservation Act of 1996

Official title: To amend title II of the Social Security Act to ensure the integrity of the Social Security trust funds by requiring the Managing Trustee to invest the annual … Show full official titleShow less

Official title: To amend title II of the Social Security Act to ensure the integrity of the Social Security trust funds by requiring the Managing Trustee to invest the annual surplus of such trust funds in marketable interest-bearing obligations of the United States and certificates of deposit in depository institutions insured by the Federal Deposit Insurance Corportation, and to protect such trust funds from the public debt limit.

Introduced: June 13, 1996 See on congress.gov
Social Welfare Certificates of depositCongressCongressional oversightCongressional reporting requirements
More subjectsShow fewer subjects
Debt limitEconomics and Public FinanceFinance and Financial SectorGovernment securitiesGovernment trust fundsInvestment of public fundsOld age, survivors and disability insurancePublic debt
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 13, 1996
Referred to the House Committee on Ways and Means.
Jun 13, 1996
Introduced in House
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 Latest action June 13, 1996

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Social Security Preservation Act of 1996 - Amends title II (Old Age, Survivors and Disability Insurance)(OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (trust funds) to ensure that the annual surplus of the trust funds is invested in: (1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United States; or (2) certificates of deposit in insured depository institutions. Prescribes a formula for determining the annual surplus of the trust funds.

Prohibits disinvestment of trust fund amounts from public debt obligations, any refraining from making such investments, or any delay in making normal deposits in such trust funds for public debt limit-related purposes. Authorizes the sale of trust fund public debt obligations for the payment of OASDI cash benefits and administrative expenses, with conditions, including notification to each House of Congress and the Comptroller General at least three days in advance of such sale.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 1
SMITH, NICK
· Jun 19, 1996
Burr, Richard
· Jun 13, 1996
 R
Graham, Lindsey
South Carolina · Jun 13, 1996
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3636: Social Security Preservation Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-HR-3636/
MLA
"H.R. 3636: Social Security Preservation Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-3636/.
Bluebook (legal)
H.R. 3636, 104th Cong. (2026), https://openamerica.io/bill/104-HR-3636/.
Markdown link
[H.R. 3636: Social Security Preservation Act of 1996](https://openamerica.io/bill/104-HR-3636/)
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