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105th Congress > House > Vote 1084

Date: 1998-09-25

Result: 240-188 (Passed)

Clerk session vote number: 464

Vote Subject Matter: Government Management / Budget General Interest

Bill number: HR4578

Question: On Passage

Description: Protect Social Security Account

Bill 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) (...show more) 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.

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Bill titles: 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.

Links for more info on the vote: congress.gov

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