HR 5541
107th Congress
House
Social Welfare
Cost of living adjustments
Economics and Public Finance
Finance and Financial Sector
Government trust funds
Old age, survivors and disability insurance
Savings accounts
Social security finance
Rejecting Social Security Privatization Act of 2002
Introduced: October 2, 2002
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 2, 2002
Referred to the House Committee on Ways and Means.
Oct 2, 2002
Introduced in House
Plain-English summary
Rejecting Social Security Privatization Act of 2002 - States that the Congress hereby commits to preserve the guaranteed, lifelong, inflation-protected benefits provided under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to retirees, disabled workers, and their families, and the survivors of deceased workers, by rejecting plans to institute Personal Retirement Accounts, or any other forms of private accounts, which would divert or remove all or portions of monies from the Social Security trust funds and reduce the retirement security of current and future beneficiaries, and which would reduce guaranteed Social Security benefits for retirees, disabled workers, and survivors.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1