To amend the Social Security Act to require the Commissioner of Social Security to submit specific legislative recommendations to ensure the solvency of the Social Security trust funds.

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require the Commissioner of Social Security, in the annual report of the OASDI trust funds' Board of Trustees to the Congress, to include specific legislative recommendations to place the OASDI trust funds in close actuarial balance if the Board has found that one or both of them are not in close actuarial balance for the succeeding 75 years.

[Congressional Bills 105th Congress]
[From the U.S. Government Printing Office]
[H.R. 2781 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 2781

To amend the Social Security Act to require the Commissioner of Social 
 Security to submit specific legislative recommendations to ensure the 
              solvency of the Social Security trust funds.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 30, 1997

 Mr. Sanford introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Social Security Act to require the Commissioner of Social 
 Security to submit specific legislative recommendations to ensure the 
              solvency of the Social Security trust funds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LEGISLATIVE RECOMMENDATIONS TO ENSURE THE SOLVENCY OF THE 
              SOCIAL SECURITY TRUST FUNDS.

    Section 201(c) of the Social Security Act (42 U.S.C. 401(c)) is 
amended by inserting after the 7th sentence the following: ``If the 
statement includes a finding that one or both of the Trust Funds are 
not in close actuarial balance (as so defined) for the succeeding 75 
years, the Commissioner of Social Security shall include in the report 
specific legislative recommendations, the enactment of which into law 
would, according to an actuarial opinion of the Chief Actuary of the 
Social Security Administration, be sufficient to place such Trust Funds 
in such close actuarial balance.''.
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