Retirement Security Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to create a new part B (Individual Retirement Investment Program) providing for personal Social Security investment accounts (investment accounts) for certain new Social Security account holders.
Amends the Social Security Amendments of 1983 and the Internal Revenue Code to provide for financing of Government contributions to investment accounts and for the tax treatment of individual retirement investment program and personal Social Security investment accounts.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR E734-735)
Referred to the Subcommittee on Social Security.
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