US Congress House Bill 219 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Republican 18-1)
Status: Introduced on January 6 2009 - 25% progression, died in committee
Action: 2009-01-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Social Security Preservation Act of 2009 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require the Managing Trustee of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (Social Security Trust Funds) to ensure that the annual surplus of the Social Security Trust Funds is invested in: (1) marketable interest-bearing obligations of the United States or obligations guaranteed by the United States; or (2) certificates of deposit in insured depository institutions. Outlines requirements for determining the annual surplus of the Trust Funds. Prohibits disinvestment of Social Security Trust Fund amounts from public debt obligations, any refraining from making such investments, or any delay in making normal deposits in such Trust Funds for public debt limit-related purposes. Authorizes, with certain conditions, the sale of Social Security Trust Fund public debt obligations for the payment of cash benefits and administrative expenses.

Social Security Preservation Act of 2009

Rep. Steve Austria [R-OH]	Sen. John Boozman [R-AR]	Rep. John Duncan [R-TN]	Rep. Trent Franks [R-AZ]
Rep. Jim Gerlach [R-PA]	Rep. Timothy Johnson [R-IL]	Rep. Walter Jones [R-NC]	Rep. Steven LaTourette [R-OH]
Rep. Jim Marshall [D-GA]	Rep. Thaddeus McCotter [R-MI]	Sen. Jerry Moran [R-KS]	Rep. Ron Paul [R-TX]
Rep. Thomas Petri [R-WI]	Rep. Ted Poe [R-TX]	Rep. Peter Roskam [R-IL]	Rep. Steve Scalise [R-LA]
Rep. Pete Sessions [R-TX]	Rep. Todd Tiahrt [R-KS]	Rep. Robert Wittman [R-VA]

Date	Chamber	Action
2009-01-06		Referred to the House Committee on Ways and Means.
2009-01-06		Sponsor introductory remarks on measure. (CR E3)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/219/all-info
Text	https://www.congress.gov/111/bills/hr219/BILLS-111hr219ih.pdf