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- H.R.3207
H.R.3207: To amend the Social Security Act to establish the Save Social Security First Reserve Fund into which the Secretary of the Treasury shall deposit budget surpluses pending Social Security reform.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about economics and public finance
- Introduced Feb. 12, 1998
- Latest Major Action Feb. 19, 1998
Bill Sponsor
Bill Cosponsors
51 (All Democrats)
Bill Summary
Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to establish in the Treasury the Save Social Security First Reserve Fund to save any surpluses in the Federal budget pending social security reform. Requires the Secretary of the Treasury to: (1) pay into the Fund at the end of each fiscal year an amount equal to any such surplus; and (2) invest all such amounts in public debt securities with...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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Referred to the Subcommittee on Social Security.
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| Feb. 12, 1998 |
Introduced in the House by Charles B. Rangel (D-N.Y.) |