US Congress House Bill 603 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 28 2015 - 25% progression, died in committee
Action: 2015-02-12 - Referred to the Subcommittee on Social Security.
Pending: House Subcommittee on Social Security Committee
Text: Latest bill text (Introduced) [PDF]

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.

Savings for Seniors Act of 2015

Sen. Marsha Blackburn [R-TN]

Rep. Alan Nunnelee [R-MS]

Rep. Jeb Hensarling [R-TX]

Date	Chamber	Action
2015-02-12	House	Referred to the Subcommittee on Social Security.
2015-01-28	House	Referred to the House Committee on Ways and Means.
2015-01-28	House	Introduced in House

HB1520 (Related) 2015-04-01 - Referred to the Subcommittee on Health.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/603/all-info
Text	https://www.congress.gov/114/bills/hr603/BILLS-114hr603ih.pdf