The bill would create separate accounts within the Social Security and Medicare Part A trust funds to hold any yearly surplus after fiscal year 2025. The money in these accounts could not be invested under current rules. This restriction would end for future fiscal years if a federal law authorizes investing trust fund money in vehicles other than U.S. obligations. The bill would also create a commission to recommend other investment options for the two trust funds.
The bill does not specify changes to benefit amounts or eligibility. It would change how surplus amounts in the Social Security and Medicare Part A trust funds are held and considered for investment. It also directs a commission to study and recommend investment options.
The bill provides compensation and travel expenses for commission members who are not federal employees. No publicly available information gives a total cost estimate.
No publicly available information.
No publicly available information.