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HR 313 115th 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 2017

Introduced: January 5, 2017 Introduced by: Blackburn, Marsha Republican · Tennessee 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 23, 2017
Referred to the Subcommittee on Social Security.
Jan 5, 2017
Referred to the House Committee on Ways and Means.
Jan 5, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Savings for Seniors Act of 2017

This bill 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.

The Managing Trustee of the Social Security trust funds (the Secretary of the Treasury) must: (1) transfer annual Social Security surpluses to the account; and (2) may not invest the balance in the account until a law takes effect after FY2017 that authorizes, for amounts in the trust fund, an investment vehicle other than U.S. obligations resulting in the transfer of trust fund assets to the general fund of the Treasury.

The bill establishes in the executive branch a commission to study the most effective vehicles for investment of the Federal Old-Age and Survivors Insurance Trust Fund other than investments in the form of U.S. obligations.

What's happening now January 23, 2017

Referred to the Subcommittee on Social Security.

 Related & companion bills 1
  • HR 1218 Related bill Social Security and Medicare Lock-Box Act
 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. 313: Savings for Seniors Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-313/
MLA
"H.R. 313: Savings for Seniors Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-313/.
Bluebook (legal)
H.R. 313, 115th Cong. (2026), https://openamerica.io/bill/115-HR-313/.
Markdown link
[H.R. 313: Savings for Seniors Act of 2017](https://openamerica.io/bill/115-HR-313/)
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