HR 990
106th Congress
House
Social Welfare
Accounting
Advice and consent of the Senate
Auditing
Commerce
Competitive bidding
Congress
Congressional reporting requirements
Economics and Public Finance
Executive reorganization
Finance and Financial Sector
Financial services
Financial statements
Government Operations and Politics
Government contractors
Government paperwork
Government procurement
Government trust funds
Inspectors general
Insurance companies
Social Security Investment Fund Act of 1999
Introduced: March 4, 1999
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 1999
Referred to the Subcommittee on Social Security.
Mar 4, 1999
Referred to the House Committee on Ways and Means.
Mar 4, 1999
Sponsor introductory remarks on measure. (CR E346)
Mar 4, 1999
Introduced in House
Plain-English summary
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
Referred to the Subcommittee on Social Security.
Committees of jurisdiction
2
Cosponsors
1