H.R.1800 - Retirement Security Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Petri, Thomas E. [R-WI-6] (Introduced 04/21/2005)|
|Committees:||House - Ways and Means|
|Latest Action:||05/04/2005 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.1800 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (04/21/2005)
Retirement Security Act of 2005 - 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.
Amends the Social Security Amendments of 1983 and the Internal Revenue Code to provide for financing of Government contributions to investment accounts and for the tax treatment of individual retirement investment program and personal Social Security investment accounts.