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Social Security Trust Funds Integrity Act of 1997

Introduced: January 7, 1997 See on congress.gov
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 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 23, 1997
Referred to the Subcommittee on Health and Environment, for a period to be subsequently determined by the Chairman.
Jan 17, 1997
Referred to the Subcommittee on Health.
Jan 17, 1997
Referred to the Subcommittee on Human Resources.
Jan 7, 1997
Referred to House Commerce
Jan 7, 1997
Referred to the Committee on Ways and Means, and in addition to the Committee on Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 7, 1997
Referred to House Ways and Means
Jan 7, 1997
Introduced in House
 Plain-English summary Congressional Research Service

Social Security Trust Funds Integrity Act of 1997 - Amends titles II (Old Age, Survivors and Disability Insurance) (OASDI) and XVIII (Medicare) of the Social Security Act to restructure the Board of Trustees of the trust funds supporting the OASDI and Medicare programs, with each Board composed of members appointed by the President, by and with the advice and consent of the Senate, on a bipartisan basis at the recommendation of House and Senate leadership and the five largest organizations representing senior citizens.

Makes it the duty of the Managing Trustee chairing the Board to invest trust fund amounts not necessary to meet current withdrawals according to an annual investment plan the Board is required to formulate and submit to the President and the Congress.

Removes restrictions on investment and disinvestment of amounts in such trust funds.

What's happening now January 23, 1997

Referred to the Subcommittee on Health and Environment, for a period to be subsequently determined by the Chairman.

 Committees of jurisdiction 5
 Cosponsors 3
All 3 Republican 3