H R 4578 in Congressional Session 105

Official Summary

 

Bill Number : H R 4578

 

Title : To amend the Social Security Act to establish the Protect Social Security Account into which the Secretary of the Treasury shall deposit budget surpluses until a reform measure is enacted to ensure the long-term solvency of the OASDI trust funds.

 

SUMMARY AS OF:
9/25/1998--Passed House amended.    (There is 1 other summary) Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to establish in the Treasury the Protect Social Security Account to save budget surpluses until a reform measure is enacted to ensure the long-term solvency of the OASDI trust funds. Requires the Secretary of the Treasury to: (1) pay into the Account annually during each fiscal-year period from FY 1998 through 2008 amounts totalling, in the aggregate, 90 percent of the projected surplus (if any) in the total Government budget (including both on-budget and off-budget accounts) for that fiscal-year period; and (2) invest the funds held in the Account in public debt obligations.

Votes

Title : To amend the Social Security Act to establish the Protect Social Security Account into which the Secretary of the Treasury shall deposit budget surpluses until a reform measure is enacted to ensure the long-term solvency of the OASDI trust funds.
Votes in the US Senate
This Bill was not Voted in the US Senate
Votes in the US House
Roll NumberVote DateQuestionDescriptionVote Result
4681998-09-26On Agreeing to the Amendment Rangel of New York Substitute AmendmentF
4641998-09-25On Passage Protect Social Security AccountP
4631998-09-25On Agreeing to the Amendment Rangel of New York Substitute AmendmentF

Sponsors

 
Congressional Sponsors of H R 4578
 
Bill Number : H R 4578
Title : To amend the Social Security Act to establish the Protect Social Security Account into which the Secretary of the Treasury shall deposit budget surpluses until a reform measure is enacted to ensure the long-term solvency of the OASDI trust funds.
Sponsor: Rep Archer, Bill [TX-7] (introduced 9/16/1998)      
ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

    Rep Bunning, Jim [KY-4] - 9/23/1998

    Rep Herger, Wally [CA-2] - 9/23/1998

    Rep Weller, Jerry [IL-11] - 9/23/1998

Other Info

Bill Number : H R 4578
Title : To amend the Social Security Act to establish the Protect Social Security Account into which the Secretary of the Treasury shall deposit budget surpluses until a reform measure is enacted to ensure the long-term solvency of the OASDI trust funds.
 
 
ALL ACTIONS:
(Floor Actions/Congressional Record Page References)           See also: Related House Committee Documents
 
9/16/1998:Referred to the House Committee on Ways and Means.
 
9/17/1998:Committee Consideration and Mark-up Session Held.
 
9/17/1998:Ordered to be Reported (Amended) by Voice Vote.
 
9/23/1998 2:58pm:Reported (Amended) by the Committee on Ways and Means. H. Rept. 105-738.
 
9/23/1998 2:59pm:Placed on the Union Calendar, Calendar No. 425.
 
9/24/1998 7:37pm:Rules Committee Resolution H. Res. 552 Reported to House. Rule provides for consideration of H.R. 4578 and H.R. 4579 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. H.R. 4578 shall be considered in the House and considered as read for amendment. The amendment recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. A further amendment printed in the Congressional Record numbered 1, if offered by Mr. Rangel, shall be in order and debatable for 1 hour. Measure will be considered read. A specified amendment is in order. In the engrossment of H.R. 4579, the Clerk shall add the text of H.R. 4578, as passed the House, as new matter at the end of H.R. 4579; conform the title of H.R. 4579 to reflect the addition of the text of H.R. 4578 to the engrossment; asign appropriate designations to provisions, and conform cross referen...
 
9/25/1998 11:08am:Considered under the provisions of rule H. Res. 552. (consideration: CR H8732-8756)
 
9/25/1998 11:08am:Rule provides for consideration of H.R. 4578 and H.R. 4579 with 1 hour of general debate. H.R. 4578 shall be considered in the House and considered as read. The amendment recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. A further amendment printed in the Congressional Record numbered 1, if offered by Mr. Rangel, or his designee, shall be debatable for 1 hour. After disposition of H.R. 4578, the House will take up consideration of H.R. 4579 which shall be considered as read. The amendment recommended by the Committee on Ways and Means now printed in the bill, modified by the amendment printed in the report of the Committee on Rules shall be considered as adopted. A further amendment printed in the Congressional Record numbered 1, if offered by Mr. Rangel, or his designee shall be debatable for 1 hour.
 
9/25/1998 11:08am:GENERAL DEBATE - The House proceeded with one hour of general debate.
 
9/25/1998 12:24pm:DEBATE - Pursuant to the rule, the House proceeded with 1 hour of debate on the amendment offered by Mr. Rangel.
 
9/25/1998 2:01pm:The previous question was ordered pursuant to the rule.
 
9/25/1998 2:21pm:On passage Passed by recorded vote: 240 - 188 (Roll No. 464).
 
9/25/1998 2:21pm:Motion to reconsider laid on the table Agreed to without objection.
 
9/26/1998 12:13pm:Pursuant to the provisions of H. Res. 552, H.R. 4578 is laid on the table. (consideration: CR H8973)