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HR 4382 97th Congress House Social Welfare Department of the Treasury Government trust funds Medicare Old age, survivors and disability insurance Social security finance

A bill to amend the Social Security Act to provide for improved management of the social security trust funds and increase the return on investments to those funds.

Introduced: August 4, 1981 See on congress.gov
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 7, 1981
Referred to Subcommittee on Health.
Aug 7, 1981
Referred to Subcommittee on Social Security.
Aug 4, 1981
Referred to House Committee on Ways and Means.
Aug 4, 1981
Introduced in House
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 Plain-English summary Congressional Research Service

Amends titles II (Old Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act to provide for the appointment to the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust Fund of one representative of employers, one representative of employees, one representative of beneficiaries, and one individual highly qualified in the management of investment funds.

Requires the Board to make investments securing the maximum possible interest yield with the portion of the Trust Funds not required to meet current withdrawals.

Fixes the interest rates for public-debt obligations issued for purchase by the Trust Funds at the average market yield on all marketable interest bearing U.S. obligations forming part of the public debt, all marketable interest bearing obligations which are not U.S. obligations but which are guaranteed by the United States, and all marketable federally sponsored agency interest bearing obligations which are lawful investments for fiduciary and trust funds under Federal control.

Authorizes the Managing Trustee to use the equipment and experts necessary to assure the maximum possible interest yield on Trust Fund investments.

What's happening now August 7, 1981

Referred to Subcommittee on Health.

 Related & companion bills 3
  • HR 4443 Identical bill A bill to amend the Social Security Act to provide for improved management of the social security trust funds and incre…
  • HR 4472 Identical bill A bill to amend the Social Security Act to provide for improved management of the social security trust funds and incre…
  • S 1528 Identical bill A bill to amend the Social Security Act to provide for improved management of the social security trust funds and incre…
 Committees of jurisdiction 3
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Sep 24, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4382: A bill to amend the Social Security Act to provide for improved management of the social security trust funds and increase the return on investments to those funds.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-4382/
MLA
"H.R. 4382: A bill to amend the Social Security Act to provide for improved management of the social security trust funds and increase the return on investments to those funds.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-4382/.
Bluebook (legal)
H.R. 4382, 97th Cong. (2026), https://openamerica.io/bill/97-HR-4382/.
Markdown link
[H.R. 4382: A bill to amend the Social Security Act to provide for improved management of the social security trust funds and increase the return on investments to those funds.](https://openamerica.io/bill/97-HR-4382/)
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