Savings for Seniors Act of 2007

To amend title II of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus, to provide for suspension of investment of amounts held in the Account until enactment of legislation providing for investment of the Trust Fund in investment vehicles other than obligations of the United States, and to establish a Social Security Investment Commission to make recommendations for alternative forms of investment of the Social Security surplus in the Trust Fund.

1/19/2007--Introduced.
Savings for Seniors Act of 2007 - 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 and report to the President and Congress on 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.


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Sponsor

• Rep. Marsha Blackburn [R, TN-7]
• and 21 Co-Sponsors
  • Rep. W. Todd Akin [R, MO-2]
  • Rep. Michele Bachmann [R, MN-6]
  • Rep. Rob Bishop [R, UT-1]
  • Rep. Virginia Brown-Waite [R, FL-5]
  • Rep. Philip English [R, PA-3]
  • Rep. Mary Fallin [R, OK-5]
  • Rep. Tom Feeney [R, FL-24]
  • Rep. Trent Franks [R, AZ-2]
  • Rep. John Gingrey [R, GA-11]
  • Rep. Virgil Goode [R, VA-5]
  • Rep. Jack Kingston [R, GA-1]
  • Rep. Doug Lamborn [R, CO-5]
  • Rep. Donald Manzullo [R, IL-16]
  • Rep. Kenny Marchant [R, TX-24]
  • Rep. Thaddeus McCotter [R, MI-11]
  • Rep. Sue Myrick [R, NC-9]
  • Rep. Randy Neugebauer [R, TX-19]
  • Rep. Joseph Pitts [R, PA-16]
  • Rep. Tom Price [R, GA-6]
  • Rep. John Shadegg [R, AZ-3]
  • Rep. Lynn Westmoreland [R, GA-3]
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Committees

• House Ways and Means
• 1 more
  • House Ways and Means
  close

Amendments

This bill has no amendments.

Amendments to H.R.581

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
January 19, 2007

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All Bill Actions

• Jan 24, 2007: Referred to the Subcommittee on Social Security.
• Jan 19, 2007: Referred to the House Committee on Ways and Means.
• Introduced on Jan 19, 2007.

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Related Issue Areas:

• Social security
• Budget surpluses
• Budgets
• Congress
• 11 more
• Congressional reporting requirements
• Executive departments
• Federal advisory bodies
• Finance
• Government trust funds
• Governmental investigations
• Investment of public funds
• Investments
• Legislation
• Old age, survivors and disability insurance
• Social security finance

Data from the Congressional Research Service

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Blog Coverage

August 06, 2008 Are Bloggers real Journalists? | Technology Goddess

This seems to be agreed upon by Congress, who does not consider Bloggers or online news reporting agencies “Journalists” in the Free Flow of Information Act H.R.581 which was designed to protect journalists from having to reveal their ...

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March 14, 2008 Are Bloggers real Journalists?

Are Bloggers real Journalists? Posted on March 14, 2008 by erika1goddess With Web 2 ... in the Free Flow of Information Act H.R.581 which was designed to protect journalists from having to reveal

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March 13, 2008 Are Bloggers real Journalists?

This seems to be agreed upon by Congress, who does not consider Bloggers or online news reporting agencies “Journalists” in the Free Flow of Information Act HR581 which was designed to protect journalists from having to reveal their ...

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Source: Technology Goddess

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