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Protecting Social Security and Medicare Surpluses: New Investment Rules

This act aims to secure future surpluses of Social Security (retirement and disability benefits) and Medicare (health insurance for seniors) funds. It establishes special accounts for these surpluses, halting their investment until new, safer investment methods, other than current government bonds, are found. The goal is to strengthen the stability of these crucial programs for millions of Americans.
Key points
Establishes special protection accounts for Social Security and Medicare surpluses to prevent their use for other purposes.
Halts the investment of surpluses in government bonds until alternative, safer investment methods are identified.
Creates an expert commission to study and recommend new ways to invest the funds, ensuring their long-term stability.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_1269
Sponsor: Rep. Walberg, Tim [R-MI-7]
Process start date: 2021-02-23
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Social Security and Medicare Lock-Box Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1269.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-23.

What are the main provisions?

Key points include:

  • Establishes special protection accounts for Social Security and Medicare surpluses to prevent their use for other purposes.
  • Halts the investment of surpluses in government bonds until alternative, safer investment methods are identified.
  • Creates an expert commission to study and recommend new ways to invest the funds, ensuring their long-term stability.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Walberg, Tim [R-MI-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Benefits Economy