Skip to main content
HR 857 105th Congress House

Social Security Preservation Act of 1997

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 Corporation, and to protect such trust funds from the public debt limit.

Introduced: February 27, 1997 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 fundsInterestInvestment of public fundsOld age, survivors and disability insurancePublic debtSocial security finance
Sign in to write a letter Sign in to watch
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 10 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 16, 1998
Sponsor introductory remarks on measure. (CR H7898)
Jun 23, 1998
Sponsor introductory remarks on measure. (CR H5044-5052)
May 14, 1998
Sponsor introductory remarks on measure. (CR H3301)
Apr 21, 1998
Sponsor introductory remarks on measure. (CR H2080-2088)
Mar 18, 1998
Sponsor introductory remarks on measure. (CR H1289-1291)
Feb 26, 1998
Sponsor introductory remarks on measure. (CR H662-670)
Jan 27, 1998
Sponsor introductory remarks on measure. (CR H23-28)
Mar 5, 1997
Referred to the Subcommittee on Social Security.
Feb 27, 1997
Referred to the House Committee on Ways and Means.
Feb 27, 1997
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action September 16, 1998

Sponsor introductory remarks on measure. (CR H7898)

 Plain-English summary Congressional Research Service

Social Security Preservation Act of 1997 - 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. Outlines provisions 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 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 2
 Cosponsors 8
All 8 Democratic 2 Republican 6
R
Aderholt, Robert B.
Alabama · Jul 15, 1998
 D
Bishop, Sanford D.
Georgia · Jan 28, 1998
 R
Sessions, Pete
Texas · Sep 24, 1997
 R
Calvert, Ken
California · May 22, 1997
 D
Sherman, Brad
California · May 20, 1997
 R
Crapo, Mike
Idaho · Apr 17, 1997
 R
Graham, Lindsey
South Carolina · Feb 27, 1997
 R
Smith, Christopher H.
New Jersey · Feb 27, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 857: Social Security Preservation Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-857/
MLA
"H.R. 857: Social Security Preservation Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-857/.
Bluebook (legal)
H.R. 857, 105th Cong. (2026), https://openamerica.io/bill/105-HR-857/.
Markdown link
[H.R. 857: Social Security Preservation Act of 1997](https://openamerica.io/bill/105-HR-857/)
Report a problem