Social Security Guarantee Plus Act of 2007

To amend the Social Security Act and the Internal Revenue Code of 1986 to preserve and strengthen the Social Security Program through the creation of personal Social Security guarantee accounts ensuring full benefits for all workers and their families, restoring long-term Social Security solvency, to make certain benefit improvements, and for other purposes.

2/15/2007--Introduced.
Social Security Guarantee Plus Act of 2007 - Amends the Internal Revenue Code (IRC) and title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to establish a Social Security Guarantee Program, to be administered by a Social Security Guarantee Board established within the Social Security Administration. Authorizes any individual age 18 with a Social Security number to elect to enroll as a covered individual and receive in the Social Security guarantee account established for him or her by the Board a calendar year payment of Social Security guarantee refundable credits and interest.
Requires designation of a certified account manager by or on behalf of each covered individual to hold the individual's Social Security guarantee account assets for investment, including in common stock portfolios and fixed income securities.
Amends the IRC to make the Social Security guarantee accounts benefits taxable as Social Security benefits.
Amends the Congressional Budget Act to provide for a lock-box for Social Security surpluses. Amends SSA title II to:
(1) repeal the limitation on the amount of outside income which beneficiaries age 62 or over may earn (earnings test) without incurring a reduction in benefits;
(2) increase widow's and widower's insurance benefits;
(3) provide for benefits for disabled widows and widowers without regard to age;
(4) repeal the seven-year restriction on eligibility for widow's and widower's insurance benefits based on disability;
(5) waive the two-year waiting period for a divorced spouse's benefits if the other spouse remarries;
(6) increase the amount of wages and self-employment income credited to years taken into account for beneficiaries precluded from remunerative work by the needs of child care; and
(7) reduce the Government pension offset.


... morehide bill summary

Sponsor

• Ron Lewis
• and 3 Co-Sponsors
  • Rep. Roscoe Bartlett [R, MD-6]
  • Rep. John Culberson [R, TX-7]
  • Gerald Weller
  close

Committees

• House Ways and Means
• 3 more
  • House Ways and Means
  • House Rules
  • House Budget
  close

Amendments

This bill has no amendments.

Amendments to H.R.1090

Number	Status	Purpose

Bill Status

Make a Bill Status Widget

	OpenCongress widgets allow you to display information about bills and issue areas on your own website or blog. First, select which bill or issue you want to track, then customize the appearance of the panel, and finally paste a simple chunk of HTML into your site. Now your community will have an easy, up-to-date way to track the status of important bills and issues in Congress.

Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
February 15, 2007

Show All Actions (8 actions)Hide Actions

All Bill Actions

• Mar 13, 2007: Referred to the Subcommittee on Social Security.
• Feb 15, 2007: Referred to House Rules
• Feb 15, 2007: Introductory remarks on measure. (CR E370-371)
• Introduced on Feb 15, 2007.
• Feb 15, 2007: Sponsor introductory remarks on measure. (CR E370-371)
• Feb 15, 2007: Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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.
• Feb 15, 2007: Referred to House Budget
• Feb 15, 2007: Referred to House Ways and Means

---

Related Issue Areas:

• Social security
• Administrative fees
• Aged
• Aliens
• 61 more
• Annuities
• Bonds
• Budget deficits
• Budget reconciliation
• Budget resolutions
• Budget surpluses
• Budgets
• Caregivers
• Children
• Civil service retirement
• Congress
• Congressional reporting requirements
• Congressional voting
• Cost of living adjustments
• Death
• Disabled
• Divorce
• Earnings
• Economic policy
• Estate tax
• Estates (Law)
• Executive departments
• Executive reorganization
• Families
• Finance
• Financial statements
• Government employees
• Government information
• Government paperwork
• Government publicity
• Government trust funds
• House rules and procedure
• Indexing (Economic policy)
• Investments
• Labor
• Law
• Legislation
• Legislative amendments
• Legislative resolutions
• Marriage
• Married people
• Mutual funds
• Old age, survivors and disability insurance
• Older workers
• Pensions
• Retirement income
• Senate rules and procedure
• Social Security Administration
• Social security beneficiaries
• Social security eligibility
• Social security finance
• Social security taxes
• Stocks
• Survivors' benefits
• Tax credits
• Tax exemption
• Tax refunds
• Taxation
• Widowers
• Widows
• Women

Data from the Congressional Research Service

Users tracking H.R.1090 (2) are also tracking:

Show More User Statistics... Hide User Statistics

In the News

We are not currently finding any news articles on this topic using our daily automated search of Google News. However, if you know of a relevant news article to display here, OpenCongress site editors have the ability to add it manually. Simply e-mail us the web address of this page and the web address of your suggested news article: We'll post relevant links as quickly as possible. Also, if this topic is important to you, you could write a letter to the editor -- if a news article refers this specific topic by name, a link to that news article is likely to appear here soon.

Information made available by:

Blog Coverage

September 20, 2008 Privatizing Social Security

HR1090 (Last major action: 3/13/2007: Referred to House Subcommittee on Social Security). Title: Social Security Guarantee Plus Act of 2007. Sponsor: Rep. Ron Lewis [R-KY-2]. Introduced: 2/15/2007. Co-sponsors: 3. Rep. Roscoe G. ...

Was this article useful? Yes or No

Source: AshPolitics

Did you find this article useful? Your opinion counts - together, we're finding the very best news and blog coverage about Congress available on the web.

September 19, 2008 McCains Social Security Privatization and the Lehman Brothers

HR1090 Title: Social Security Guarantee Plus Act of 2007 Sponsor: Rep. Ron Lewis [R-KY-2] Introduced: 2/15/2007 Co-sponsors: 3 Rep. Roscoe G. Bartlett [R-MD-6] Rep. John Abney Culberson [R-TX-7] Rep. Jerry Weller [R-IL-11] ...

Was this article useful? Yes or No

Source: House election today call-985-320-6006

Did you find this article useful? Your opinion counts - together, we're finding the very best news and blog coverage about Congress available on the web.

March 17, 2008 The Spoof

Congress To Pass Breathing Tax Hr 1090.

Was this article useful? Yes or No

Source: SatireSearch

Did you find this article useful? Your opinion counts - together, we're finding the very best news and blog coverage about Congress available on the web.

4 more posts...
See most useful blog posts

Information made available by: