To amend title II of the Social Security Act to ensure that the receipts and disbursements of the Social Security trust funds are not included in a unified Federal budget and to provide that Social Security contributions are used to protect Social Security solvency by mandating that Trust Fund monies cannot be diverted to create private accounts.
USA115th CongressHR-1113| House
| Updated: 3/2/2017
Peter A. DeFazio
Democratic Representative
Oregon
Ways and Means Committee, Social Security Subcommittee, Budget Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Social Security Protection and Truth in Budgeting Act of 2017 This bill amends title II (Old Age, Survivors, and Disability Insurance) (OASDI) of the Social Security Act to: (1) separate the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund ("Social Security trust funds") from the federal budget; and (2) specify that amounts made available to the Social Security trust funds from Social Security taxes be used solely for OASDI purposes, and not for the establishment or funding of private accounts.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Social Security.
Social Welfare
Budget deficits and national debtEmployment taxesFinancial services and investmentsGovernment trust fundsSocial security and elderly assistance
To amend title II of the Social Security Act to ensure that the receipts and disbursements of the Social Security trust funds are not included in a unified Federal budget and to provide that Social Security contributions are used to protect Social Security solvency by mandating that Trust Fund monies cannot be diverted to create private accounts.
USA115th CongressHR-1113| House
| Updated: 3/2/2017
Social Security Protection and Truth in Budgeting Act of 2017 This bill amends title II (Old Age, Survivors, and Disability Insurance) (OASDI) of the Social Security Act to: (1) separate the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund ("Social Security trust funds") from the federal budget; and (2) specify that amounts made available to the Social Security trust funds from Social Security taxes be used solely for OASDI purposes, and not for the establishment or funding of private accounts.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Social Security.
Peter A. DeFazio
Democratic Representative
Oregon
Ways and Means Committee, Social Security Subcommittee, Budget Committee
Social Welfare
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Budget deficits and national debtEmployment taxesFinancial services and investmentsGovernment trust fundsSocial security and elderly assistance