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Personal Lockbox Act of 2000

Introduced: July 12, 2000 See on congress.gov
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 2000
Referred to the House Committee on Ways and Means.
Jul 12, 2000
Sponsor introductory remarks on measure. (CR H5849-5850)
Jul 12, 2000
Introduced in House
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 Plain-English summary Congressional Research Service
Personal Lockbox Act of 2000 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to add a new part B (Personal Retirement Account Program), as well as the Internal Revenue Code (IRC), to structure a tax-exempt personalized retirement program for covered individuals through the designation of a personal retirement account for each such individual that is funded by deposits from amounts in the Federal Old-Age and Survivors Insurance Trust Fund not otherwise required for immediate withdrawal, and by rollover and other contributions made by eligible individuals for investment in any of at least three specified portfolios approved by the Commissioner of Social Security. Provides for tax treatment of distributions.

Directs the Securities and Exchange Commission to study and report to Congress on personal retirement account reinsurance.

Amends SSA title II with regard to primary insurance amounts.

Amends IRC to provide for: (1) annual $300 contributions (tax credits) by the Secretary of the Treasury on behalf of each eligible individual to a personal retirement account; and (2) an excise tax on excess contributions to such accounts.

Amends SSA title XI with regard to information requirements for Social Security account statements.

Amends SSA title II make appropriations annually to the Federal Disability Insurance Trust Fund to maintain a balance ratio of at least 20 percent.

What's happening now July 12, 2000

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Graham, Lindsey
South Carolina · Jul 12, 2000
 R
Sessions, Pete
Texas · Jul 12, 2000
 R
Smith, Christopher H.
New Jersey · Jul 12, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4839: Personal Lockbox Act of 2000. 106th Congress. Open America. https://openamerica.io/bill/106-HR-4839/
MLA
"H.R. 4839: Personal Lockbox Act of 2000." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-4839/.
Bluebook (legal)
H.R. 4839, 106th Cong. (2026), https://openamerica.io/bill/106-HR-4839/.
Markdown link
[H.R. 4839: Personal Lockbox Act of 2000](https://openamerica.io/bill/106-HR-4839/)
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