There is one summary for this bill. Bill summaries are authored by CRS.

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Introduced in House (10/03/2000)

Social Security Guarantee Act - Directs the Secretary of the Treasury to issue to each individual receiving benefits under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) and, thereafter, to each individual who applies for such benefits, a certificate representing a legally enforceable guarantee: (1) of the monthly amount of benefits that the individual will receive under that title, as determined on the certificate's date of issuance; and (2) that the benefits will be adjusted at least annually on the basis of an accurate determination of the increase in the individual's cost-of-living, and as a result in a change in the eligibility status of the individual under that title.

States that any certificate issued under the authority of this Act constitutes budget authority in advance of appropriations Acts and represents the obligation of the Federal Government to provide for the payment to the individual to whom the certificate is issued OASDI benefits in the amounts set forth in the certificate and subsequently adjusted.