Social Security Lock-Box Act of 2007
Latest action · Jan 16, 2007 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 16, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Social Security Lock-Box Act of 2007 - Amends the Congressional Budget Act of 1974 to provide a point of order against consideration of any: (1) budget resolution that sets forth totals for any fiscal year with respect to the Social Security Trust Funds that are less than the totals of the Social Security Trust Funds for that fiscal year as calculated in accordance with a current services baseline; or (2) spending or tax legislation that would cause any totals to be less than the Funds totals for the covered fiscal year.
Makes the point of order described in (2) above inapplicable to Social Security reform legislation.
Requires any federal budget submitted by the President that recommends totals for any fiscal year with respect to the Funds that are less than the totals of the Funds for that fiscal year to include a detailed proposal for Social Security reform legislation. Makes this Act inapplicable upon the enactment of such legislation. Defines "Social Security reform legislation" as a bill or joint resolution to save Social Security that specifies that it constitutes reform legislation.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jun 10, 2008.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NC | Richard Burr | Jun 10, 2008 |
Actions 2
Everything that happened, newest first.
- Jan 16, 2007Introduced in Senate
- Jan 16, 2007Read twice and referred to the Committee on Finance.
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
- Budget resolutions
- Congress
- Congressional budget
- Economics and Public Finance
- Federal budget process
- Government trust funds
- House rules and procedure
- Legislation
- Legislative amendments
- Old age, survivors and disability insurance
- Senate rules and procedure
- Social security finance
- Social Welfare
- Tax rates
- Taxation
Text 1
Each version as it was printed, newest first.
- Jan 16, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.