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H.R.4851

Social Security Personal Savings Guarantee and Prosperity Act of 2004 (Introduced in House)

Beginning
July 19, 2004

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

Sec. 1. Short title and table of contents. `Part A--Insurance Benefits

SEC. 2. ESTABLISHMENT OF PERSONAL SOCIAL SECURITY INVESTMENT PROGRAM. `PART A--INSURANCE BENEFITS'; and
`PART B--PERSONAL SOCIAL SECURITY SAVINGS PROGRAM

`SEC. 251. DEFINITIONS.

`SEC. 252. SOCIAL SECURITY PERSONAL SAVINGS FUND.

`SEC. 253. PARTICIPATION IN PROGRAM.

`SEC. 254. PERSONAL SOCIAL SECURITY SAVINGS ACCOUNTS.

`SEC. 255. BENEFIT CREDIT CERTIFICATES.

`SEC. 256. TIER I INVESTMENT FUND.

`SEC. 257. TIER II INVESTMENT FUND.

`SEC. 258. TIER III INVESTMENT OPTIONS.

`SEC. 259. PERSONAL SOCIAL SECURITY SAVINGS ANNUITY AND OTHER DISTRIBUTIONS.

`SEC. 260. GUARANTEE OF PROMISED BENEFITS.

`SEC. 261. PERSONAL SOCIAL SECURITY SAVINGS ACCOUNT BOARD.

`SEC. 262. EXECUTIVE DIRECTOR.

SEC. 3. ADJUSTMENTS TO PRIMARY INSURANCE AMOUNTS. `Adjustment of Primary Insurance Amount in Relation to Deposits Made to Personal Social Security Savings Accounts

SEC. 4. GENERAL FUND TRANSFERS TO THE FEDERAL OLD-AGE AND SURVIVORS INSURANCE TRUST FUND.

SEC. 5. TAX TREATMENT OF ACCOUNTS. `PART IX--PERSONAL SOCIAL SECURITY SAVINGS PROGRAM

`SEC. 530A. PERSONAL SOCIAL SECURITY SAVINGS PROGRAM. `Part IX. Personal Social Security Savings Program'.

SEC. 6. SELF-LIQUIDATING SOCIAL SECURITY TRANSITION FUND.

SEC. 7. ISSUANCE OF TRANSITION FUND BONDS. `ACCOUNTING FOR THE OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE PROGRAM AND THE INDIVIDUAL SOCIAL SECURITY INVESTMENT PROGRAM
`Social Security Lockbox Budget
`Establishment of Accounts
`Credits and Charges to the Social Security Part A Account
`Charges and Credits to the Social Security Part B Account
`Charges and Credits to the Self-Liquidating Social Security Transition Fund Account

SEC. 9. BUDGETARY TREATMENT OF SOCIAL SECURITY. `BUDGETARY TREATMENT OF SOCIAL SECURITY

SEC. 10. DEDICATION OF BUDGET SURPLUSES TO SAVING SOCIAL SECURITY.

SEC. 11. NATIONAL SPENDING LIMITATION.

SEC. 12. IMPOSITION OF SPENDING LIMITATIONS ON CONGRESSIONAL BUDGET RESOLUTIONS.

SEC. 13. REDUCTION OF FICA RATES RESULTING FROM PERSONAL SOCIAL SECURITY SAVINGS PROGRAM.

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