House Bill 853 - Social Security and Medicare Lock-Box Act

Purpose and Summary

Chamber: House

Introduced date: 2023-02-06

Recent Activity

Referred to the House Committee on Ways and Means.

Alternative Names

Social Security and Medicare Lock-Box Act

Social Security and Medicare Lock-Box Act

To amend titles II and XVIII 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 and a Medicare Surplus Protection Account in the Federal Hospital Insurance Trust Fund to hold the Medicare surplus, to provide for suspension of investment of amounts held in such Accounts until enactment of legislation providing for investment of the Trust Funds in investment vehicles other than obligations of the United States, and to establish a Social Security and Medicare Part A Investment Commission to make recommendations for alternative forms of investment of the Social Security and Medicare surpluses.

Associated Legislation

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Policy Areas

Health

Potential Impact

Sponsors and Supporters

Rep. Walberg, Tim [R-MI-5]

Cosponsors and Supporters

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Committees and Subcommittees

Ways and Means Committee

Variations and Revisions

Social Security and Medicare Lock-Box Act

12/15/2023, 3:54 PM

Social Security and Medicare Lock-Box Act

This bill establishes (1) in the Federal Old-Age and Survivors Insurance Trust Fund, a Social Security Surplus Protection Account; and (2) in the Federal Hospital Insurance Trust Fund, ...

Congress
118

Number
HR - 853

Introduced on
2023-02-06

# Amendments
0

Sponsors
+5

Variations and Revisions

2/6/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Social Security and Medicare Lock-Box Act

This bill establishes (1) in the Federal Old-Age and Survivors Insurance Trust Fund, a Social Security Surplus Protection Account; and (2) in the Federal Hospital Insurance Trust Fund, ...

Alternative Names
Official Title as IntroducedTo amend titles II and XVIII 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 and a Medicare Surplus Protection Account in the Federal Hospital Insurance Trust Fund to hold the Medicare surplus, to provide for suspension of investment of amounts held in such Accounts until enactment of legislation providing for investment of the Trust Funds in investment vehicles other than obligations of the United States, and to establish a Social Security and Medicare Part A Investment Commission to make recommendations for alternative forms of investment of the Social Security and Medicare surpluses.

Policy Areas
Health

Comments

Recent Activity

Latest Summary3/24/2023

Social Security and Medicare Lock-Box Act

This bill establishes (1) in the Federal Old-Age and Survivors Insurance Trust Fund, a Social Security Surplus Protection Account; and (2) in the Federal Hospital Insurance Trust Fund, ...


Latest Action2/6/2023
Referred to the House Committee on Ways and Means.