HR 219 108th Congress House

Social Security Preservation Act of 2003

Official title: To amend title II of the Social Security Act to ensure the integrity of the Social Security trust funds by requiring the Managing Trustee to invest the annual … Show full official titleShow less

Official title: To amend title II of the Social Security Act to ensure the integrity of the Social Security trust funds by requiring the Managing Trustee to invest the annual surplus of such trust funds in marketable interest-bearing obligations of the United States and certificates of deposit in depository institutions insured by the Federal Deposit Insurance Corporation, and to protect such trust funds from the public debt limit.

Introduced: January 7, 2003 See on congress.gov

Social Welfare Bank depositsBudget surplusesCongressCongressional investigations

More subjectsShow fewer subjects

Congressional reporting requirementsDebt limitEconomics and Public FinanceFinance and Financial SectorGovernment securitiesGovernment trust fundsInvestment of public fundsOld age, survivors and disability insuranceSocial security finance

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 28, 2003

Sponsor introductory remarks on measure. (CR E77)

Jan 23, 2003

Referred to the Subcommittee on Social Security.

Jan 7, 2003

Referred to the House Committee on Ways and Means.

Jan 7, 2003

Sponsor introductory remarks on measure. (CR E1)

Jan 7, 2003

Introduced in House

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Latest action January 28, 2003

Sponsor introductory remarks on measure. (CR E77)

Plain-English summary Congressional Research Service

Social Security Preservation Act of 2003 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (social security trust funds) to ensure that the annual surplus of the Social Security Trust Funds is invested in: (1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United States; or (2) certificates of deposit in insured depository institutions. Outlines provisions for determining the annual surplus of the Trust Funds.

Prohibits disinvestment of Social Security Trust Fund amounts from public debt obligations, any refraining from making such investments, or any delay in making normal deposits in such Trust Funds for public debt limit-related purposes. Authorizes, with certain conditions, the sale of Social Security Trust Fund public debt obligations for the payment of cash benefits and administrative expenses.

Related & companion bills 1

Bill text 1 version

Introduced in House Formatted Text PDF

Source documents hosted by congress.gov.

Committees of jurisdiction 2

Social Security Subcommittee
House of Representatives · subcommittee of Ways and Means Committee
Ways and Means Committee
House of Representatives

Cosponsors 1

Smith, Christopher H.

New Jersey · Jan 7, 2003

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 219: Social Security Preservation Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-219/

MLA

"H.R. 219: Social Security Preservation Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-219/.

Bluebook (legal)

H.R. 219, 108th Cong. (2026), https://openamerica.io/bill/108-HR-219/.

Markdown link

[H.R. 219: Social Security Preservation Act of 2003](https://openamerica.io/bill/108-HR-219/)