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Social Security Investment Fund Act of 1999

Introduced: February 25, 1999 Introduced by: Markey, Edward J. Democratic · Massachusetts 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
Mar 8, 1999
Referred to the Subcommittee on Social Security.
Feb 25, 1999
Referred to the House Committee on Ways and Means.
Feb 25, 1999
Introduced in House
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 Plain-English summary Congressional Research Service

Social Security Investment Fund Act of 1999 - Amends title VII (Administration) of the Social Security Act (SSA) to establish, as an independent agency in the executive branch, the Social Security Investment Board, in order to: (1) establish policies for investments under part B (Social Security Investment Program) (SSIP) (established by this Act) of SSA title II (Old Age, Survivors and Disability Insurance) of amounts in the Social Security Investment Fund (SSIF) (established by this Act) in the Common Stock Index Fund (established by this Act) and establish policies for selection and retention of SSIP investment managers; (2) develop specific policies for prudent investments suitable for accumulating funds for payment of social security benefits and for low administrative costs; (3) review SSIF investment performance; (4) review and approve its own budget; and (5) appoint an Executive Director. Establishes, for the Board, an Inspector General in accordance with the Inspector General Act of 1978.

What's happening now March 8, 1999

Referred to the Subcommittee on Social Security.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 871: Social Security Investment Fund Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-871/
MLA
"H.R. 871: Social Security Investment Fund Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-871/.
Bluebook (legal)
H.R. 871, 106th Cong. (2026), https://openamerica.io/bill/106-HR-871/.
Markdown link
[H.R. 871: Social Security Investment Fund Act of 1999](https://openamerica.io/bill/106-HR-871/)
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