Dave Weldon on Social Security

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Voting Record

Comprehensive Retirement Security and Pension Reform Act of 2001

In 2001, the House voted on a bill that would raise the amount individuals may contribute to traditional and Roth Individual Retirement Accounts and to 401[k] plans and make pensions plans more portable. The bill passed the house in a 407-24 vote but was altered in the Senate. Dave Weldon voted in favor of the Comprehensive Retirement Security and Pension Reform Act of 2001.

Dave Weldon voted in favor of the Comprehensive Retirement Security and Pension Reform Act of 2001.

Social Security and Medicare Safe Deposit Box Act of 1999

In 2000, the House voted on a bill that would make it out of order to consider a budget that set forth an on-budget deficit for any fiscal year for either the overall budget or social security. In other words, the government could not go into a year with a budget that it knew spent more money than the government took in. The bill failed in a 205-222 vote. Dave Weldon voted against the Social Security and Medicare Safe Deposit Box Act of 1999.

Dave Weldon voted against the Social Security and Medicare Safe Deposit Box Act of 1999.

 

Sponsored and Cosponsored Legislation

Session-109; Bill Number-H R 1776; Social Security Personal Savings Guarantee and Prosperity Act of 2005 - Cosponsor

The Social Security Personal Savings Guarantee and Prosperity Act of 2005 would have created private savings accounts for anyone born after 1950.

Session-109; Bill Number-H R 1776; Social Security Personal Savings Guarantee and Prosperity Act of 2005 - Cosponsor

This legislation, proposed by Congressman Paul Ryan was an early precursor of the Social Security section of the Path to Prosperity - also known as the Paul Ryan Plan. This legislation allows for people under the age of 55 to place some of their funds into a private account system if they chose to do so. The system creates a tiered set of accounts and invests those accounts according to the age of the person, adjusting risk accordningly. It ensures that no funds paid into social security are used for other spending items.

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