Amendment105th Congress
Amendment in the nature of a substitute sought to require that 100 percent of any Social Security Trust Fund surplus be transferred to the Federal Reserve Bank of New York to be held in trust for the Social Security system.
- Amendment Number
- 914
- Description
- Amendment in the nature of a substitute sought to require that 100 percent of any Social Security Trust Fund surplus be transferred to the Federal Reserve Bank of New York to be held in trust for the Social Security system.
- Purpose
- An amendment to transfer 100 percent of the Social Security Trust Fund surplus to the Federal Reserve Bank of New York to be held in trust for the Social Security system and require that Congress default on publicly traded debt obligations before it could default on its obligations to the Social Security system.
- Congress
- 105
- Type
- HAMDT
- Latest Action Date
- Sep 25, 1998
- Latest Action Text
- On agreeing to the Rangel amendment (A001) Failed by recorded vote: 210 - 216 (Roll No. 463).
- Latest Action Time
- 13:59:44
- Submitted Date
- Sep 25, 1998
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021