119th Congress Health
H.R. 1221: Social Security and Medicare Lock-Box Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill establishes (1) in the Federal Old-Age and Survivors Insurance Trust Fund, a Social Security Surplus Protection Account; and (2) in the Federal Hospital Insurance Trust Fund, a Medicare Surplus Protection Account.
The Managing Trustee of each trust fund (in both cases, the Secretary of the Treasury) (1) must transfer the annual surplus of the trust fund to its respective account; and (2) may not invest the balance in the account until a law takes effect that authorizes, for amounts in the trust fund, an investment vehicle other than U.S. obligations.
The bill establishes in the executive branch a commission to study the most effective vehicles for investment of the trust funds, other than investments in the form of U.S. obligations.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Who scored on this bill
No member has earned points from it yet.
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Tim Walberg
- H.R. 4307: Enhancing Detection of Human Trafficking Act
- H.R. 2805: PLAN for Broadband Act
- H.R. 5505: Equal Campus Access Act of 2026
- H.R. 8195: Responsible Cormorant Management and Control Act of 2026
- H.R. 9607: Less Bureaucracy, Better Workforce Development Act
- H.R. 9609: Less Bureaucracy, Better Student Aid Act
History
- Introduced in the House by Tim Walberg.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.