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HR 1218 115th Congress House Social Welfare Advisory bodies Executive agency funding and structure Financial services and investments Government studies and investigations Government trust funds Medicare Social security and elderly assistance

Social Security and Medicare Lock-Box Act

Introduced: August 14, 2018 Introduced by: Walberg, Tim Republican · Michigan See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 24, 2017
Referred to the House Committee on Ways and Means.
Feb 24, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Social Security and Medicare Lock-Box Act

This bill establishes: (1) in the Federal Old-Age and Survivors Insurance Trust Fund, a Social Security Surplus Protection Account; and (2) in the Federal Hospital Insurance Trust Fund, a Medicare Surplus Protection Account.

The Managing Trustee of each trust fund (in both cases, the Secretary of the Treasury): (1) must transfer the annual surplus of the trust fund to its respective account; and (2) may not invest the balance in the account until a law takes effect that authorizes, for amounts in the trust fund, an investment vehicle other than U.S. obligations.

The bill establishes in the executive branch a commission to study the most effective vehicles for investment of the trust funds, other than investments in the form of U.S. obligations.

What's happening now February 24, 2017

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • HR 313 Related bill Savings for Seniors Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1218: Social Security and Medicare Lock-Box Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1218/
MLA
"H.R. 1218: Social Security and Medicare Lock-Box Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1218/.
Bluebook (legal)
H.R. 1218, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1218/.
Markdown link
[H.R. 1218: Social Security and Medicare Lock-Box Act](https://openamerica.io/bill/115-HR-1218/)
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