Social Security Trust Funds Improvement Act of 1982
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 30, 1982)
Social Security Trust Funds Improvement Act of 1982 - Amends titles II (Old Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act to repeal the provisions dealing with investments of funds contained in the following Trust Funds: (1) Federal Old-Age and Survivors Insurance Trust Fund; (2) Federal Disability Insurance Trust Fund; (3) Federal Hospital Insurance Trust Fund; and (4) Federal Supplementary Medical Insurance Trust Fund.
Establishes a social security savings account in the general fund of the Treasury for each of the Trust Funds. Requires that there remain on deposit in each of the savings accounts that portion of the related Trust Fund as is not required to meet current withdrawals from the Trust Fund. Sets forth the interest rate for amounts deposited in the savings accounts
Amends the Second Liberty Bond Act to include the amounts on deposit in the social security savings accounts within the limitation on obligations issued under that Act.
Sets forth the effective date and transitional provisions.
What just happenedApr 6, 1982
Referred to Subcommittee on Health.
Who’s behind it
- Apr 6, 1982CommitteeH11000
Referred to Subcommittee on Health.
Health Subcommittee - Apr 6, 1982CommitteeH11000
Referred to Subcommittee on Social Security.
Social Security Subcommittee - Apr 6, 1982CommitteeH11000
Referred to Subcommittee on Health and the Environment.
Health and Environment Subcommittee - Mar 30, 1982IntroReferralH11100
Referred to House Committee on Ways and Means.
Ways and Means Committee - Mar 30, 1982IntroReferralH11100
Referred to House Committee on Energy and Commerce.
Energy and Commerce Committee - Mar 30, 1982IntroReferralIntro-H
Introduced in House
- Mar 30, 1982IntroReferral1000
Introduced in House