Savings for Seniors Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 28, 2015)
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.
What just happenedFeb 12, 2015
Referred to the Subcommittee on Social Security.
Who’s behind it
- Introduced in HouseJan 28, 2015
- Feb 12, 2015Committee
Referred to the Subcommittee on Social Security.
Social Security Subcommittee - Jan 28, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jan 28, 2015IntroReferralIntro-H
Introduced in House
- Jan 28, 2015IntroReferral1000
Introduced in House