Social Security and Medicare Lock-Box Act
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
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.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1221: Social Security and Medicare Lock-Box Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-1221/
"H.R. 1221: Social Security and Medicare Lock-Box Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-1221/.
H.R. 1221, 119th Cong. (2026), https://openamerica.io/bill/119-HR-1221/.
[H.R. 1221: Social Security and Medicare Lock-Box Act](https://openamerica.io/bill/119-HR-1221/)