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Savings for Seniors Act of 2005

Introduced: July 26, 2005 Introduced by: Blackburn, Marsha Republican · Tennessee See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 4, 2005
Referred to the Subcommittee on Social Security.
Jul 26, 2005
Referred to the House Committee on Ways and Means.
Jul 26, 2005
Introduced in House
 Plain-English summary Congressional Research Service

Savings for Seniors Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to establish in the Federal Old-Age and Survivors Insurance Trust Fund a Social Security Surplus Protection Account to hold the Social Security surplus.

Denies the availability of the balance in the Account for investment by the Managing Trustee.

Establishes in the executive branch of Government a Social Security Investment Commission to study and report to the President and Congress on the most effective vehicles for investment of the Federal Old-Age and Survivors Insurance Trust Fund, other than investment in the form of U.S. obligations resulting in the transfer of Trust Fund assets to the general fund of the Treasury.

What's happening now August 4, 2005

Referred to the Subcommittee on Social Security.

 Committees of jurisdiction 2