U.S. Congress - S.123 Social Security Lock-Box Act of 2011
S.123 - Social Security Lock-Box Act of 2011
A bill to establish a procedure to safeguard the Social Security Trust Funds. view all titles (2)
All Bill Titles
- Short: Social Security Lock-Box Act of 2011 as introduced.
- Official: A bill to establish a procedure to safeguard the Social Security Trust Funds. as introduced.
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Official Summary
1/25/2011--Introduced.Social Security Lock-Box Act of 2011 - Amends the Congressional Budget Act of 1974 to provide a point of order against consideration of any: (1) budget resolution that sets forth totals for any fiscal year with respect to the Social Security Trust Funds that are lessOfficial Summary
1/25/2011--Introduced.Social Security Lock-Box Act of 2011 - Amends the Congressional Budget Act of 1974 to provide a point of order against consideration of any:(1) budget resolution that sets forth totals for any fiscal year with respect to the Social Security Trust Funds that are less than the totals of the Social Security Trust Funds for that fiscal year as calculated in accordance with a current services baseline; or
(2) spending or tax legislation that would cause any totals to be less than the Funds totals for the covered fiscal year. Makes the point of order described in
(2) above inapplicable to Social Security reform legislation. Requires any federal budget submitted by the President that recommends totals for any fiscal year with respect to the Funds that are less than the totals of the Funds for that fiscal year to include a detailed proposal for Social Security reform legislation. Makes this Act inapplicable upon the enactment of such legislation. Defines "Social Security reform legislation" as a bill or joint resolution to save Social Security that specifies that it constitutes reform legislation.
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Recent Blog Coverage
Brane Space: Clearing the Air On Social Security "Insolvency"
Currently a bill is before the Senate, designated S. 123 which would have the desired effect by protecting Trust Fund money instead of allowing it to be used for military occupations, military toys, tax cuts or other useless PORK ...
Brane Space: Clearing the Air On Social Security "Insolvency"
Currently a bill is before the Senate, designated S. 123 which would have the desired effect by protecting Trust Fund money instead of allowing it to be used for military occupations, military toys, tax cuts or other useless PORK ...
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