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HR 3207 105th Congress House

To amend the Social Security Act to establish the Save Social Security First Reserve Fund into which the Secretary of the Treasury shall deposit budget surpluses pending Social Security reform.

Introduced: March 9, 1998 See on congress.gov
Social Welfare Balanced budgetsBudget surplusesEconomics and Public FinanceFederal budgets
More subjectsShow fewer subjects
Government securitiesGovernment trust fundsInvestment of public fundsOld age, survivors and disability insuranceSocial security finance
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 19, 1998
Referred to the Subcommittee on Social Security.
Feb 12, 1998
Referred to the House Committee on Ways and Means.
Feb 12, 1998
Sponsor introductory remarks on measure. (CR E176)
Feb 12, 1998
Introduced in House
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 Latest action February 19, 1998

Referred to the Subcommittee on Social Security.

 Plain-English summary Congressional Research Service

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to establish in the Treasury the Save Social Security First Reserve Fund to save any surpluses in the Federal budget pending social security reform. Requires the Secretary of the Treasury to: (1) pay into the Fund at the end of each fiscal year an amount equal to any such surplus; and (2) invest all such amounts in public debt securities with suitable maturities and bearing interest at rates determined by the Secretary.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 13
All 13 Democratic 10
D
Schumer, Charles E.
New York · Jul 29, 1998
 D
Hoyer, Steny H.
Maryland · Jun 11, 1998
 D
Lofgren, Zoe
California · Jun 11, 1998
FROST, MARTIN
· Mar 9, 1998
 D
Kaptur, Marcy
Ohio · Mar 9, 1998
KLECZKA, GERALD
· Mar 9, 1998
 D
Markey, Edward J.
Massachusetts · Mar 9, 1998
 D
McGovern, James P.
Massachusetts · Mar 9, 1998
 D
Norton, Eleanor Holmes
District of Columbia · Mar 9, 1998
 D
Pelosi, Nancy
California · Mar 9, 1998
 D
Sherman, Brad
California · Mar 9, 1998
STENHOLM, CHARLES
· Mar 9, 1998
 D
Neal, Richard E.
Massachusetts · Feb 12, 1998
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3207: To amend the Social Security Act to establish the Save Social Security First Reserve Fund into which the Secretary of the Treasury shall deposit budget surpluses pending Social Security reform.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-3207/
MLA
"H.R. 3207: To amend the Social Security Act to establish the Save Social Security First Reserve Fund into which the Secretary of the Treasury shall deposit budget surpluses pending Social Security reform.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-3207/.
Bluebook (legal)
H.R. 3207, 105th Cong. (2026), https://openamerica.io/bill/105-HR-3207/.
Markdown link
[H.R. 3207: To amend the Social Security Act to establish the Save Social Security First Reserve Fund into which the Secretary of the Treasury shall deposit budget surpluses pending Social Security reform.](https://openamerica.io/bill/105-HR-3207/)
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