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HR 581 110th Congress House

Savings for Seniors Act of 2007

Official title: To amend title II of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fun… Show full official titleShow less

Official title: To amend title II of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus, to provide for suspension of investment of amounts held in the Account until enactment of legislation providing for investment of the Trust Fund in investment vehicles other than obligations of the United States, and to establish a Social Security Investment Commission to make recommendations for alternative forms of investment of the Social Security surplus in the Trust Fund.

Introduced: January 19, 2007 Introduced by: Blackburn, Marsha Republican · Tennessee See on congress.gov
Social Welfare Budget surplusesCongressCongressional reporting requirementsEconomics and Public Finance
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Federal advisory bodiesFinance and Financial SectorGovernment Operations and PoliticsGovernment trust fundsGovernmental investigationsInvestment of public fundsInvestmentsLegislationOld age, survivors and disability insuranceSocial security finance
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 24, 2007
Referred to the Subcommittee on Social Security.
Jan 19, 2007
Referred to the House Committee on Ways and Means.
Jan 19, 2007
Introduced in House
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 Latest action January 24, 2007

Referred to the Subcommittee on Social Security.

 Plain-English summary Congressional Research Service

Savings for Seniors Act of 2007 - 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 581: Savings for Seniors Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-581/
MLA
"H.R. 581: Savings for Seniors Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-581/.
Bluebook (legal)
H.R. 581, 110th Cong. (2026), https://openamerica.io/bill/110-HR-581/.
Markdown link
[H.R. 581: Savings for Seniors Act of 2007](https://openamerica.io/bill/110-HR-581/)
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