[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-1221":4},null,{"bill":5,"indexable":301,"summaries":302,"cosponsors":308,"cosponsorSlugs":309,"actions":310,"amendments":329,"amendmentSponsorSlugs":330,"linkages":331,"sponsorSlug":332},{"statusDate":6,"sponsor":7,"updateDate":15,"cboCostEstimates":16,"originChamber":17,"congress":18,"isByRequest":19,"title":20,"createdAt":21,"committeeReports":22,"cosponsorCount":23,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":23,"actionCount":24,"popularTitle":3,"laws":3,"billType":25,"introducedDate":6,"committees":26,"congressGovUrl":27,"constitutionalAuthority":28,"policyArea":29,"deletedAt":3,"latestAction":30,"billNumber":32,"cosponsorCountIncludingWithdrawn":23,"status":33,"shortTitle":20,"officialTitle":34,"keyMilestoneCount":35,"subjects":36,"updatedAt":44,"policyAreaLower":45,"searchTokens":46,"committeeCodes":300},"2025-02-11",{"firstName":8,"lastName":9,"district":10,"fullName":11,"state":12,"party":13,"bioguideId":14},"Tim","Walberg","5","Rep. Walberg, Tim [R-MI-5]","MI","R","W000798","2025-03-21T16:32:44Z",[],"House",119,false,"Social Security and Medicare Lock-Box Act","2026-05-11T15:29:33.601Z",[],0,3,"hr",[],"https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F1221","\u003Cpre>\n[Congressional Record Volume 171, Number 28 (Tuesday, February 11, 2025)]\n[House]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mr. WALBERG:\nH.R. 1221.\nCongress has the power to enact this legislation pursuant\nto the following:\nArticle 1, Section 8, Clause 1 of the United States\nConstitution\n[Page H646]\n\u003C\u002Fpre>","Health",{"date":6,"text":31},"Referred to the House Committee on Ways and Means.",1221,"in_committee","To amend titles II and XVIII of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus and a Medicare Surplus Protection Account in the Federal Hospital Insurance Trust Fund to hold the Medicare surplus, to provide for suspension of investment of amounts held in such Accounts until enactment of legislation providing for investment of the Trust Funds in investment vehicles other than obligations of the United States, and to establish a Social Security and Medicare Part A Investment Commission to make recommendations for alternative forms of investment of the Social Security and Medicare surpluses.",2,[37,38,39,40,41,42,43],"Advisory bodies","Executive agency funding and structure","Financial services and investments","Government studies and investigations","Government trust funds","Medicare","Social security and elderly 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in House","\u003Cp>\u003Cb>Social Security and Medicare Lock-Box Act\u003C\u002Fb>\u003C\u002Fp> \u003Cp>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.\u003C\u002Fp> \u003Cp>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.\u003C\u002Fp> \u003Cp>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. 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