H.R.2628 - To confirm the President's commitment that the social security trust funds will not be used other than for payment of benefits.104th Congress (1995-1996)
|Sponsor:||Rep. Gephardt, Richard A. [D-MO-3] (Introduced 11/14/1995)|
|Committees:||House - Ways and Means|
|Latest Action:||11/14/1995 Referred to the House Committee on Ways and Means.|
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Subject — Policy Area:
- Social Welfare
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Summary: H.R.2628 — 104th Congress (1995-1996)All Bill Information (Except Text)
Introduced in House (11/14/1995)
Prohibits the Secretary of the Treasury from using amounts held in the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, or any of the railroad retirement funds and accounts for any purpose other than paying benefits and related administrative expenses from such fund.
Authorizes the Secretary to invest amounts credited to any such fund in accordance with normal operating procedures as otherwise provided by law.