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Protecting Social Security and Medicare Surpluses: New Investment Strategy Commission.

This bill aims to secure future financial surpluses of Social Security and Medicare Part A by placing them into dedicated, protected accounts (a "lock-box"). These funds will temporarily stop being invested in standard U.S. government obligations. A commission will be established to recommend alternative investment strategies by late 2024, seeking to improve the long-term financial health of these crucial benefit programs.
Key points
Creation of dedicated "Surplus Protection Accounts" for Social Security and Medicare Part A surpluses, starting after fiscal year 2024.
Temporary suspension of the traditional investment of these surpluses in U.S. government bonds.
Establishment of an Investment Commission tasked with proposing new, potentially higher-yielding investment vehicles for these trust funds.
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Expired
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Additional Information
Print number: 118_HR_853
Sponsor: Rep. Walberg, Tim [R-MI-5]
Process start date: 2023-02-06
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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 118_HR_853.

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 2023-02-06.

What are the main provisions?

Key points include:

  • Creation of dedicated "Surplus Protection Accounts" for Social Security and Medicare Part A surpluses, starting after fiscal year 2024.
  • Temporary suspension of the traditional investment of these surpluses in U.S. government bonds.
  • Establishment of an Investment Commission tasked with proposing new, potentially higher-yielding investment vehicles for these 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. Walberg, Tim [R-MI-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Social Security.

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