H.R.2929: Individual Social Security Retirement Accounts Act of 1997

About This Bill

Bill Summary

Individual Social Security Retirement Accounts Act of 1997 - Amends the Internal Revenue Code to reduce social security taxes for eligible individuals, whether employed by others or self-employed, who elect to participate in the Individual Retirement Program (IRP) created under a new part B of title II (Old-Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) (part B eligible individual). Reduces the employers' tax...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and the Budget, 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.
Referred to House Ways and Means
Referred to House Education and the Workforce
Referred to House Budget
Referred to the Subcommittee on Social Security.
Referred to the Subcommittee on Employer-Employee Relations.
Nov. 8, 1997

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

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