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HR 990 106th Congress House

Social Security Investment Fund Act of 1999

Official title: To provide for investment in private sector securities markets of amounts held in the Federal Old-Age and Survivors Insurance Trust Fund for payment of benefit… Show full official titleShow less

Official title: To provide for investment in private sector securities markets of amounts held in the Federal Old-Age and Survivors Insurance Trust Fund for payment of benefits under title II of the Social Security Act.

Introduced: March 4, 1999 See on congress.gov
Social Welfare AccountingAdvice and consent of the SenateAuditingCommerce
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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 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
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 Latest action March 16, 1999

Referred to the Subcommittee on Social Security.

 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.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Markey, Edward J.
Massachusetts · Mar 4, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 990: Social Security Investment Fund Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-990/
MLA
"H.R. 990: Social Security Investment Fund Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-990/.
Bluebook (legal)
H.R. 990, 106th Cong. (2026), https://openamerica.io/bill/106-HR-990/.
Markdown link
[H.R. 990: Social Security Investment Fund Act of 1999](https://openamerica.io/bill/106-HR-990/)
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