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HR 603 114th Congress House Social Welfare Advisory bodies Financial services and investments Government studies and investigations Government trust funds Social security and elderly assistance

Savings for Seniors Act of 2015

Introduced: January 28, 2015 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
Feb 12, 2015
Referred to the Subcommittee on Social Security.
Jan 28, 2015
Referred to the House Committee on Ways and Means.
Jan 28, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Savings for Seniors Act of 2015

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 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 February 12, 2015

Referred to the Subcommittee on Social Security.

 Committees of jurisdiction 2