H.R.306: Individual Social Security Retirement Account Act of 1993

About This Bill

  • This bill was introduced in the 103rd Congress
  • This bill is primarily about taxation
  • Introduced Jan. 5, 1993
  • Latest Major Action Oct. 4, 1994

Bill Summary

Individual Social Security Retirement Account Act of 1993 - Amends the Internal Revenue Code to reduce the social security taxes on employees, employers, and the self-employed for 1995 and thereafter. Amends title II (Old-Age, Survivors and Disability Insurance) of the Social Security Act to require employers to have in effect a social security payroll deduction plan for employees. Requires such plan to provide for employers to deduct the...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Education and Labor.
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Social Security.
Referred to the Subcommittee on Labor-Management Relations.
Sponsor introductory remarks on measure.
Committee Hearings Held.
Jan. 5, 1993

Introduced in the House by John Edward Porter (R-Ill.)

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