HR 234

112th CONGRESS
1st Session

H. R. 234

To amend title II of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus, to provide for suspension of investment of amounts held in the Account until enactment of legislation providing for investment of the Trust Fund in investment vehicles other than obligations of the United States, and to establish a Social Security Investment Commission to make recommendations for alternative forms of investment of the Social Security surplus in the Trust Fund.

IN THE HOUSE OF REPRESENTATIVES

January 7, 2011

Mrs. BLACKBURN (for herself, Mr. AKIN, Mr. CARTER, and Mr. MANZULLO) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend title II of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus, to provide for suspension of investment of amounts held in the Account until enactment of legislation providing for investment of the Trust Fund in investment vehicles other than obligations of the United States, and to establish a Social Security Investment Commission to make recommendations for alternative forms of investment of the Social Security surplus in the Trust Fund.

SECTION 1. SHORT TITLE.

SEC. 2. INTERIM PROTECTIONS FOR SOCIAL SECURITY TRUST FUND SURPLUS.

SEC. 3. SOCIAL SECURITY INVESTMENT COMMISSION.

END