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Increased Transparency for Social Security and Disability Trust Fund Finances

This Act requires the Congressional Budget Office (CBO) to provide Congress with more detailed information regarding payments from the Social Security and Disability Trust Funds. The goal is to increase transparency by graphically comparing assumed spending projections with the actual funds available from dedicated sources. While the Act does not change benefit amounts, it aims to improve monitoring of the financial stability of programs for seniors and disabled individuals.
Key points
Mandates the CBO to publish graphs comparing assumed Social Security expenditures against actual funds available from dedicated sources.
Enhances reporting transparency regarding the long-term financial stability of the Old-Age and Survivors Insurance and Disability Insurance Trust Funds.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_6853
Sponsor: Rep. Feenstra, Randy [R-IA-4]
Process start date: 2023-12-19
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SOS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6853.

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 2023-12-19.

What are the main provisions?

Key points include:

  • Mandates the CBO to publish graphs comparing assumed Social Security expenditures against actual funds available from dedicated sources.
  • Enhances reporting transparency regarding the long-term financial stability of the Old-Age and Survivors Insurance and Disability Insurance Trust Funds.
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. Feenstra, Randy [R-IA-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Budget.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Benefits Economy