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H.R. 1712, The Savings for Seniors Act of 2009

H.R. 1712 would amend title II 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, to provide for suspension of investment of amounts held in the Account until enactment of legislation providing for investment of the Trust Fund in investment vehicles other than obligations of the United States, and to establish a Social Security Investment Commission to make recommendations for alternative forms of investment of the Social Security surplus in the Trust Fund.

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Financial services and investments, Government investigations, Government trust funds, Social security and elderly assistance, Social welfare

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