Docket HopperPart I · Bills · 119th H.R. 1221
H.R. 1221 · 119th CongressHealth

Social Security and Medicare Lock-Box Act has not moved since its introduction on Feb 11, 2025, with no cosponsors

Sponsored by Walberg, Tim R-MI · no cosponsors
IntroducedFeb 11, 2025
Reported—
Passed one chamber—
Passed both—
Law—
What it changes · CRS summary

Written by the Congressional Research Service [2]. 128 words.

Social Security and Medicare Lock-Box Act This bill establishes (1) in the Federal Old-Age and Survivors Insurance Trust Fund, a Social Security Surplus Protection Account; and (2) in the Federal Hospital Insurance Trust Fund, a Medicare Surplus Protection Account. The Managing Trustee of each trust fund (in both cases, the Secretary of the Treasury) (1) must transfer the annual surplus of the trust fund to its respective account; and (2) may not invest the balance in the account until a law takes effect that authorizes, for amounts in the trust fund, an investment vehicle other than U.S. obligations. The bill establishes in the executive branch a commission to study the most effective vehicles for investment of the trust funds, other than investments in the form of U.S. obligations.

Context
Committees
House Ways and Means Committee
Policy area
Health: 122 of 9,357 bills became law, 113th–118th (1.3%)
Sponsor
5 of 159 bills enacted since 2013
Text versions
1: introduced in house · 1,697 words
Latest action
Feb 11, 2025: Referred to the House Committee on Ways and Means.
Records
Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 0

The bill status record lists no related bills.

Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]