Summary: H.R.1457 — 99th Congress (1985-1986)All Information (Except Text)

There is one summary for H.R.1457. Bill summaries are authored by CRS.

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Introduced in House (03/07/1985)

Social Security Trust Funds Act of 1985 - Amends title VII (Administration) of the Social Security Act to exclude from Federal budget totals and limitations: (1) the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust Fund; and (2) employment related social security taxes. Repeals superseded provisions relating to budgetary treatment of social security trust operations.