HR. 1221In Committee
Social Security and Medicare Lock-Box Act
Establishes protected surplus accounts for Social Security and Medicare trust funds and bars investing those balances beyond U.S. obligations until authorized by law
Plain-English overview
What this bill does
Establishes protected surplus accounts for Social Security and Medicare trust funds and bars investing those balances beyond U.S. obligations until authorized by law
Key points
- Establish surplus protection accounts
- Establish investment study commission
- Require surplus transfers
- Prohibit certain balance investments
Current status
Where it stands
Status
In Committee
Latest action
2025-02-11 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedAdvisory bodiesExecutive agency funding and structureFinancial services and investmentsGovernment studies and investigationsGovernment trust fundsHealthMedicare