To amend titles II and XVIII of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus and a Medicare Surplus Protection Account in the Federal Hospital Insurance Trust Fund to hold the Medicare surplus, to provide for suspension of investment of amounts held in such Accounts until enactment of legislation providing for investment of the Trust Funds in investment vehicles other than obligations of the United States, and to establish a Social Security and Medicare Part A Investment Commission to make recommendations for alternative forms of investment of the Social Security and Medicare surpluses.
Summary
What This Bill Does
The bill requires short title; findings This Act may be cited as the Social Security and Medicare Lock-Box Act, requires interim protections for Social Security trust fund surplus Section 201(d) of the Social Security Act (42 U.S.C, and requires interim protections for Medicare Part A trust fund surplus Section 1817(c) of the Social Security Act (42 U.S.C. It relies on reporting requirements, compliance mandates, definition changes, and tax rate changes. The main policy areas are Healthcare Consumers, Healthcare, Transportation, and Finance.
Who Benefits and How
Transportation operators and users affected by the bill could face lower compliance burdens, Patients and health care consumers affected by the bill could face lower compliance burdens, and Financial services firms and customers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Public beneficiaries or protected communities affected by the clause could face increased risk, and Transportation operators and users affected by the bill would take on compliance duties.
Key Provisions
- Requires short title; findings This Act may be cited as the Social Security and Medicare Lock-Box Act.
- Requires interim protections for Social Security trust fund surplus Section 201(d) of the Social Security Act (42 U.S.C.
- Requires interim protections for Medicare Part A trust fund surplus Section 1817(c) of the Social Security Act (42 U.S.C.
- Requires social Security and Medicare Part A Investment Commission There is established in the executive branch of the Government a Social Security and Medicare Part A Investment Commission (in this section referred...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires short title; findings This Act may be cited as the Social Security and Medicare Lock-Box Act, requires interim protections for Social Security trust fund surplus Section 201(d) of the Social Security Act (42 U.S.C, and requires interim protections for Medicare Part A trust fund surplus Section 1817(c) of the Social Security Act (42 U.S.C.
Key Policy Areas
Healthcare Consumers, Healthcare, Transportation, Finance
Primary Purpose
The bill requires short title; findings This Act may be cited as the Social Security and Medicare Lock-Box Act, requires interim protections for Social Security trust fund surplus Section 201(d) of the Social Security Act (42 U.S.C, and requires interim protections for Medicare Part A trust fund surplus Section 1817(c) of the Social Security Act (42 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Transportation operators and users affected by the bill
- Patients and health care consumers affected by the bill
- Financial services firms and customers affected by the bill
- Businesses and employers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
- Transportation operators and users affected by the bill
- Patients and health care consumers affected by the bill
- Financial services firms and customers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Walberg introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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