H.R.2110 - Retirement Security Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Petri, Thomas E. [R-WI-6] (Introduced 06/07/2001)|
|Committees:||House - Ways and Means|
|Latest Action:||06/20/2001 Referred to the Subcommittee on Social Security.|
This bill has the status Introduced
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Subject — Policy Area:
- Social Welfare
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Summary: H.R.2110 — 107th Congress (2001-2002)All Bill Information (Except Text)
Retirement Security Act of 2001 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to create a new part B (Individual Retirement Investment Program) providing for personal social security investment accounts (investment accounts) for certain new social security account holders.
Introduced in House (06/07/2001)
Amends the Social Security Amendments of 1983 and the Internal Revenue Code to provide for financing of initial Government contributions to investment accounts and for the tax treatment of amounts contributed to, and distributed from, such accounts.