Summary: S.2912 — 97th Congress (1981-1982)All Information (Except Text)

There is one summary for S.2912. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (09/16/1982)

Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to direct the Secretary of the Treasury to implement procedures for identifying social security benefit checks issued under title II which have not been negotiated within 12 months and to credit the appropriate social security trust fund on a monthly basis for the amount of all unnegotiated benefit checks drawn on such trust fund. Requires the Secretary to pay a benefit check presented for payment after it has been credited to one of the trust funds if it is otherwise proper. Directs the Secretary to transfer funds from the general fund of the Treasury to the Federal Old-Age and Survivors Insurance Trust Fund and to the Federal Disability Insurance Trust Fund to reimburse them for the total amount of unnegotiated benefit checks.