US HB796 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 18 2011 - 25% progression, died in committee
Action: 2011-02-18 - Referred to House Budget
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 18 2011 - 25% progression, died in committee
Action: 2011-02-18 - Referred to House Budget
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Social Security Protection and Truth in Budgeting Act of 2011 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to prohibit the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (Social Security trust funds) from being included in the federal budget baseline for any fiscal year and from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of offsetting any tax decrease or spending increase. Excludes Social Security trust fund receipts and disbursements totals from official Office of Management and Budget (OMB) and Congressional Budget Office (CBO) budget pronouncements. Makes proceeds to the Social Security trust funds from Social Security taxes available solely for OASDI purposes. Prohibits their availability for the establishment or funding of private accounts.
Title
Social Security Protection and Truth in Budgeting Act of 2011
Sponsors
Rep. Peter DeFazio [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2011-02-18 | House | Referred to House Budget |
2011-02-18 | House | Referred to House Ways and Means |
2011-02-18 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on 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. |
Subjects
Budget deficits and national debt
Employment taxes
Financial services and investments
Government trust funds
Social security and elderly assistance
Social welfare
Employment taxes
Financial services and investments
Government trust funds
Social security and elderly assistance
Social welfare
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/796/all-info |
Text | https://www.congress.gov/112/bills/hr796/BILLS-112hr796ih.pdf |