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HR 1353 110th Congress House Social Welfare Budget deficits Budget surpluses Economics and Public Finance Federal budgets Finance and Financial Sector Government trust funds Labor and Employment Old age, survivors and disability insurance Saving and investment Social security finance Social security taxes Taxation

Social Security Protection and Truth in Budgeting Act of 2007

Introduced: March 6, 2007 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
Mar 13, 2007
Referred to the Subcommittee on Social Security.
Mar 6, 2007
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 6, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Social Security Protection and Truth in Budgeting Act of 2007 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to prohibit the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (Social Security trust funds) from being included in the federal budget baseline for any fiscal year and from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of offsetting any tax decrease or spending increase. Excludes Social Security trust fund receipts and disbursements totals from official Office of Management and Budget and Congressional Budget Office budget pronouncements.

Makes proceeds to the Social Security trust funds from Social Security taxes available solely for OASDI purposes. Prohibits their availability for the establishment or funding of private accounts.

What's happening now March 13, 2007

Referred to the Subcommittee on Social Security.

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Democratic 2