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HR 219 109th Congress House

Social Security Preservation Act of 2005

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 31, 2006 See on congress.gov
Social Welfare Bank depositsBudget surplusesCongressCongressional investigations
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Congressional reporting requirementsDebt limitEconomics and Public FinanceFinance and Financial SectorGovernment securitiesGovernment trust fundsInvestment of public fundsOld age, survivors and disability insuranceSocial security finance
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
Jan 25, 2005
Referred to the Subcommittee on Social Security.
Jan 4, 2005
Referred to the House Committee on Ways and Means.
Jan 4, 2005
Sponsor introductory remarks on measure. (CR E5, E6)
Jan 4, 2005
Introduced in House
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 Latest action January 25, 2005

Referred to the Subcommittee on Social Security.

 Plain-English summary Congressional Research Service

Social Security Preservation Act of 2005 - 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. Prescribes a formula 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 the sale of Social Security Trust Fund public debt obligations, despite the public debt limit, for the payment of cash benefits and administrative expenses.

 Related & companion bills 1
  • HR 5211 Related bill Senior Citizen's Improved Quality of Life Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Foxx, Virginia
North Carolina · Jan 31, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 219: Social Security Preservation Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-219/
MLA
"H.R. 219: Social Security Preservation Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-219/.
Bluebook (legal)
H.R. 219, 109th Cong. (2026), https://openamerica.io/bill/109-HR-219/.
Markdown link
[H.R. 219: Social Security Preservation Act of 2005](https://openamerica.io/bill/109-HR-219/)
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