HR 1712 111th Congress House Social Welfare Financial services and investments Government studies and investigations Government trust funds Social security and elderly assistance

Savings for Seniors Act of 2009

Introduced: March 25, 2009 Introduced by: Blackburn, Marsha Republican · Tennessee See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 25, 2009

Referred to the House Committee on Ways and Means.

Mar 25, 2009

Introduced in House

Plain-English summary Congressional Research Service

Savings for Seniors Act of 2009 - 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 March 25, 2009

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1