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- H.R.2952
H.R.2952: Individual Social Security Retirement Account Act of 1995
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Feb. 1, 1996
- Latest Major Action Feb. 20, 1996
Bill Sponsor
Bill Cosponsors
4 (All Republicans)
Bill Summary
Individual Social Security Retirement Account Act of 1995 - Amends the Internal Revenue Code to reduce the social security taxes on employees and employers by the authorized tax reduction for any calendar year under this Act. Defines the "authorized tax reduction" under the Code as half the sum of the excess of the total unadjusted Old Age and Survivors Insurance (OASI) tax rate over the adjusted cost rate, plus the value of certain projected...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the Committee on Ways and Means, and in addition to the Committee on Economic and Educational Opportunities, 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.
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Referred to House Ways and Means
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Referred to House Economic and Educational Opportunities
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Referred to the Subcommittee on Social Security.
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Referred to the Subcommittee on Employer-Employee Relations.
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Feb. 1, 1996 |
Introduced in the House by John Edward Porter (R-Ill.) |