U.S. Congress - H.R.219 Social Security Preservation Act of 2009
H.R.219 - Social Security Preservation Act of 2009
To amend title II of the Social Security Act to ensure the integrity of the Social Security trust funds by requiring the Managing Trustee to invest the annual surplus of such trust funds in marketable interest-bearing obligations of the United States and certificates of deposit in depository institutions insured by the Federal Deposit Insurance Corporation, and to protect such trust funds from the public debt limit. view all titles (2)
All Bill Titles
- Short: Social Security Preservation Act of 2009 as introduced.
- Official: To amend title II of the Social Security Act to ensure the integrity of the Social Security trust funds by requiring the Managing Trustee to invest the annual surplus of such trust funds in marketable interest-bearing obligations of the United States and certificates of deposit in depository institutions insured by the Federal Deposit Insurance Corporation, and to protect such trust funds from the public debt limit. as introduced.
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Official Summary
1/6/2009--Introduced.Social Security Preservation Act of 2009 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the FederaOfficial Summary
1/6/2009--Introduced.Social Security Preservation Act of 2009 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (Social Security Trust Funds) to ensure that the annual surplus of the Social Security Trust Funds is invested in:(1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United States; or
(2) certificates of deposit in insured depository institutions. Outlines requirements for determining the annual surplus of the Trust Funds. Prohibits disinvestment of Social Security Trust Fund amounts from public debt obligations, any refraining from making such investments, or any delay in making normal deposits in such Trust Funds for public debt limit-related purposes. Authorizes, with certain conditions, the sale of Social Security Trust Fund public debt obligations for the payment of cash benefits and administrative expenses.
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Recent News Coverage
In Your View — 04/26/09
...pending in the U.S. House of Representatives is the only way to stop this outrageous abuse of our Social Security savings. H.R.219 would require 100 percent of our trust fund money to be saved, ensuring there would be enough money to pay all our Social
Recent Blog Coverage
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House Roll Call #219 Details - OpenCongress
Back to Main Bill Page. April 01, 2011 Roll call number 219 in the House. Question On Motion to Recommit with Instructions: H R 658 FAA Reauthorization and Reform Act of 2011. Ayes: 184 (Democrat: 184; Republican: 0) ...
Ronald Paul [R, TX-14]Introduced Bill - OpenCongress
Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as ...
Texas Gold Coin Sales Tax
The Anti-Gun Fed Marches On - A member of the US house of Representative, Peter King of NY, has sponsored HR 219. The name of this bill is “The Denying Firearms and Explosives to Dangerous Terrorists Act of 2009”. ...
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