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.
Status:
Expired
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