Federal Old-Age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Board of Trustees; duties; reports to Congress
Investments
It shall be the duty of the Managing Trustee to invest such portion of the Trust Funds as is not, in his judgment, required to meet current withdrawals. Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. For such purpose such obligations may be acquired (1) on original issue at the issue price, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under chapter 31 of title 31 are hereby extended to authorize the issuance at par of public-debt obligations for purchase by the Trust Funds. Such obligations issued for purchase by the Trust Funds shall have maturities fixed with due regard for the needs of the Trust Funds and shall bear interest at a rate equal to the average market yield (computed by the Managing Trustee on the basis of market quotations as of the end of the calendar month next preceding the date of such issue) on all marketable interest-bearing obligations of the United States then forming a part of the public debt which are not due or callable until after the expiration of four years from the end of such calendar month; except that where such average market yield is not a multiple of one-eighth of 1 per centum, the rate of interest of such obligations shall be the multiple of one-eighth of 1 per centum nearest such market yield. Each obligation issued for purchase by the Trust Funds under this subsection shall be evidenced by a paper instrument in the form of a bond, note, or certificate of indebtedness issued by the Secretary of the Treasury setting forth the principal amount, date of maturity, and interest rate of the obligation, and stating on its face that the obligation shall be incontestable in the hands of the Trust Fund to which it is issued, that the obligation is supported by the full faith and credit of the United States, and that the United States is pledged to the payment of the obligation with respect to both principal and interest. The Managing Trustee may purchase other interest-bearing obligations of the United States or obligations guaranteed as to both principal and interest by the United States, on original issue or at the market price, only where he determines that the purchase of such other obligations is in the public interest.
Sale of acquired obligations
Any obligations acquired by the Trust Funds (except public-debt obligations issued exclusively to the Trust Funds) may be sold by the Managing Trustee at the market price, and such public-debt obligations may be redeemed at par plus accrued interest.
Proceeds from sale or redemption of obligations; interest
The interest on, and the proceeds from the sale or redemption of, any obligations held in the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund shall be credited to and form a part of the Federal Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund, respectively. Payment from the general fund of the Treasury to either of the Trust Funds of any such interest or proceeds shall be in the form of paper checks drawn on such general fund to the order of such Trust Fund.
Payments into Treasury
Benefit payments
section 423 of this titlesection 402 of this titlesection 426 of this titleBenefit payments required to be made under , and benefit payments required to be made under subsection (b), (c), or (d) of to individuals entitled to benefits on the basis of the wages and self-employment income of an individual entitled to disability insurance benefits, shall be made only from the Federal Disability Insurance Trust Fund. All other benefit payments required to be made under this subchapter (other than ) shall be made only from the Federal Old-Age and Survivors Insurance Trust Fund.
Gifts and bequests
Travel expenses
section 410(i) of this titleThere are authorized to be made available for expenditure, out of the Federal Old-Age and Survivors Insurance Trust Fund, or the Federal Disability Insurance Trust Fund (as determined appropriate by the Commissioner of Social Security), such amounts as are required to pay travel expenses, either on an actual cost or commuted basis, to individuals for travel incident to medical examinations requested by the Commissioner of Social Security in connection with disability determinations under this subchapter, and to parties, their representatives, and all reasonably necessary witnesses for travel within the United States (as defined in ) to attend reconsideration interviews and proceedings before administrative law judges with respect to any determination under this subchapter. The amount available under the preceding sentence for payment for air travel by any person shall not exceed the coach fare for air travel between the points involved unless the use of first-class accommodations is required (as determined under regulations of the Commissioner of Social Security) because of such person’s health condition or the unavailability of alternative accommodations; and the amount available for payment for other travel by any person shall not exceed the cost of travel (between the points involved) by the most economical and expeditious means of transportation appropriate to such person’s health condition, as specified in such regulations. The amount available for payment under this subsection for travel by a representative to attend an administrative proceeding before an administrative law judge or other adjudicator shall not exceed the maximum amount allowable under this subsection for such travel originating within the geographic area of the office having jurisdiction over such proceeding.
Experiment and demonstration project expenditures
section 434 of this titleExpenditures made for experiments and demonstration projects under shall be made from the Federal Disability Insurance Trust Fund and the Federal Old-Age and Survivors Insurance Trust Fund, as determined appropriate by the Commissioner of Social Security.
Interfund borrowing
Accounting for unnegotiated benefit checks
Payments to Funds in satisfaction of obligations
Aug. 14, 1935, ch. 531 49 Stat. 622 Aug. 10, 1939, ch. 666 53 Stat. 1362 Feb. 25, 1944, ch. 63 58 Stat. 93 Aug. 28, 1950, ch. 809 64 Stat. 521 Aug. 1, 1956, ch. 836 70 Stat. 819 Pub. L. 85–840, title II, § 205(a)72 Stat. 1021 Pub. L. 86–346, title I, § 104(2)73 Stat. 622 Pub. L. 86–778, title VII, § 701(a)74 Stat. 992 Pub. L. 89–97, title I, § 108(a)79 Stat. 338 Pub. L. 90–248, title I81 Stat. 837 Pub. L. 91–172, title X, § 100583 Stat. 741 Pub. L. 92–336, title II, § 20586 Stat. 422 Pub. L. 92–603, title I86 Stat. 1360 Pub. L. 93–233, § 787 Stat. 955 Pub. L. 94–202, § 8(d)89 Stat. 1137 Pub. L. 95–216, title I, § 102(a)91 Stat. 1513 Pub. L. 96–265, title III, § 310(a)94 Stat. 459 Pub. L. 96–403, § 194 Stat. 1709 Pub. L. 97–123, § 1(a)95 Stat. 1659 Pub. L. 98–21, title I97 Stat. 91 Pub. L. 98–369, div. B, title VI98 Stat. 1156 Pub. L. 99–272, title IX, § 9213(a)100 Stat. 180 Pub. L. 100–360, title II, § 212(c)(1)102 Stat. 741 Pub. L. 100–647, title VIII, § 8005(a)102 Stat. 3781 Pub. L. 101–234, title II, § 202(a)103 Stat. 1981 Pub. L. 101–508, title V104 Stat. 1388–268 Pub. L. 103–296, title I, § 107(b)108 Stat. 1478 Pub. L. 103–387, § 3(a)108 Stat. 4074 Pub. L. 104–121, title I, § 103(a)110 Stat. 848 Pub. L. 105–277, div. J, title IV, § 4005(b)112 Stat. 2681–911 Pub. L. 106–169, title II, § 251(b)(1)113 Stat. 1854 Pub. L. 106–170, title III, § 301(b)(1)(B)113 Stat. 1902 Pub. L. 108–173, title I, § 101(e)(3)(A)117 Stat. 2150 Pub. L. 108–203, title IV, § 420(a)118 Stat. 535 Pub. L. 114–74, title VIII, § 833(1)129 Stat. 613 (, title II, § 201, ; , title II, § 201, ; , title IX, § 902, ; , title I, § 109(a), ; , title I, § 103(e), ; , , ; , , ; –(e), , , 993; , title III, §§ 305, 327, , , 370, 400; , §§ 110, 169, , , 875; , , ; , , ; , §§ 132(a)–(c), 136, title III, § 305(a), , , 1364, 1484; , , ; , , ; , , ; , title V, § 505(a)(5), , , 474; , , ; , , ; , §§ 126, 141(a), 142(a)(1), (2)(A), (3), (4), 152(a), 154(a), title III, § 341(a), , , 98–100, 105, 107, 135; , §§ 2661(a), 2663(a)(1), (j)(2)(A)(i), , , 1160, 1170; , , ; , , ; , , ; , , ; , §§ 5106(c), 5115(a), title XIII, § 13304, , , 1388–274, 1388–627; , title III, §§ 301(a), (b), 321(a)(1), (c)(1)(A)(i), (B)(i), (C), , , 1517, 1535, 1537; , (b), , , 4075; , , ; , , ; , , ; , , ; , (B), , , 2151; , , ; , (2), , .)
Editorial Notes
References in Text
Subchapter A of chapter 9 of the Internal Revenue Code of 1939, referred to in subsec. (a)(1) to (3), was comprised of sections 1400 to 1432, and was repealed (subject to certain exceptions) by section 7851(a)(3) of the Internal Revenue Code of 1986.
Sections 1426 and 1420(c) of the Internal Revenue Code of 1939, referred to in subsec. (a)(3), were a part of subchapter A of chapter 9 of the 1939 Code. See above.
Pub. L. 99–514, § 2100 Stat. 2095 Internal Revenue Code of 1954, referred to in subsecs. (a)(3), (4) and (b)(1)(A), (2)(A), redesignated Internal Revenue Code of 1986 by , , .
Subchapter E of chapter 1 of the Internal Revenue Code of 1939, referred to in subsec. (a)(4), was comprised of sections 480 to 482, and was repealed (subject to certain exceptions) by section 7851(a)(1)(A) of the Internal Revenue Code of 1986.
Section 481 of the Internal Revenue Code of 1939, referred to in subsec. (a)(4), was a part of subchapter E of chapter 1 of the 1939 Code. See above.
section 1 of Title 26For provision deeming a reference in other laws to a provision of the 1939 Code as a reference to the corresponding provision of the 1986 Code, see section 7852(b) if the 1986 Code. For table of comparisons of the 1939 Code to the 1986 Code, see table preceding , Internal Revenue Code. The Internal Revenue Code of 1986 is classified generally to Title 26.
Chapters 2 and 21 and subtitle F of the Internal Revenue Code of 1986, referred to in subsec. (g)(1)(A), (2), are classified to sections 1401 et seq., 3101 et seq., and 6001 et seq., respectively, of Title 26, Internal Revenue Code.
Pub. L. 103–296Section 208 of Pub. L. 103–296section 1382 of this titleSection 207 of Pub. L. 103–296section 1382 of this titlePub. L. 104–193, title II, § 212(b)(2)110 Stat. 2193 Section 207 or 208 of the Social Security Independence and Program Improvements Act of 1994, referred to in subsec. (g)(1)(A), are sections 207 and 208 of . is set out as a note under . was set out as a note under prior to repeal by , (d), , , 2194.
Amendments
Pub. L. 114–74, § 833(1)2015—Subsec. (b)(1)(R) to (T). , substituted “(R) 1.80 per centum of the wages (as so defined) paid after , and before , and so reported, (S) 2.37 per centum of the wages (as so defined) paid after , and before , and so reported, and (T) 1.80 per centum of the wages (as so defined) paid after , and so reported,” for “and (R) 1.80 per centum of the wages (as so defined) paid after , and so reported”.
Pub. L. 114–74, § 833(2)Subsec. (b)(2)(R) to (T). , substituted “(R) 1.80 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (S) 2.37 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , and (T) 1.80 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after ” for “and (R) 1.80 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after ”.
Pub. L. 108–2032004—Subsec. (n). added subsec. (n).
Pub. L. 108–173, § 101(e)(3)(A)2003—Subsec. (g)(1)(B)(i)(V), (ii)(III). , inserted “(and, of such portion, the portion of such costs which should have been borne by the Medicare Prescription Drug Account in such Trust Fund)” after “Trust Fund”.
Pub. L. 108–173, § 101(e)(3)(B)Subsec. (i)(1). , inserted “(and for the Medicare Prescription Drug Account and the Transitional Assistance Account in such Trust Fund)” after “Federal Supplementary Medical Insurance Trust Fund”.
Pub. L. 106–169, § 251(b)(1)(A)1999—Subsec. (g)(1)(A). , inserted “subchapter VIII,” after “this subchapter,” in fourth sentence.
Pub. L. 106–169, § 251(b)(1)(B)Subsec. (g)(1)(B)(i)(I). , inserted “subchapter VIII,” after “this subchapter,”.
Pub. L. 106–169, § 251(b)(1)(C)Subsec. (g)(1)(C)(i). , inserted “subchapter VIII,” after “this subchapter,”.
Pub. L. 106–170section 434 of this titleSubsec. (k). substituted “” for “section 505(a) of the Social Security Disability Amendments of 1980”.
Pub. L. 105–277, § 4005(b)(2)section 407(c) of this title1998—Subsec. (g)(1)(A). , which directed the amendment of subsec. (g) by inserting “and the functions of the Social Security Administration in connection with the withholding of taxes from benefits, as described in , pursuant to requests by persons entitled to such benefits or such persons’ representative payee” before period at end of paragraph (1)(A), was executed by inserting this material after “the first sentence of this subparagraph” in provisions following cl. (ii) to reflect the probable intent of Congress.
Pub. L. 105–277, § 4005(b)(1)section 407(c) of this titleSubsec. (g)(1)(A)(ii). , inserted before period at end “and the functions of the Social Security Administration in connection with the withholding of taxes from benefits, as described in , pursuant to requests by persons entitled to such benefits or such persons’ representative payee”.
Pub. L. 105–277, § 4005(b)(3)section 407(c) of this titleSubsec. (g)(1)(B)(i)(I). , substituted “subparagraph (A)) and the functions of the Social Security Administration in connection with the withholding of taxes from benefits, as described in , pursuant to requests by persons entitled to such benefits or such persons’ representative payee,” for “subparagraph (A)),”.
Pub. L. 105–277, § 4005(b)(4)section 407(c) of this titleSubsec. (g)(1)(C)(iii). , inserted before period at end “and the functions of the Social Security Administration in connection with the withholding of taxes from benefits, as described in , pursuant to requests by persons entitled to such benefits or such persons’ representative payee”.
Pub. L. 105–277, § 4005(b)(5)section 407(c) of this titlesection 432 of this titleSubsec. (g)(1)(D). , inserted “and the functions of the Social Security Administration in connection with the withholding of taxes from benefits as described in ” after “”.
Pub. L. 105–277, § 4005(b)(6)section 407(c) of this titleSubsec. (g)(4). , inserted after first sentence “The Board of Trustees of such Trust Funds shall prescribe the method of determining the costs which should be borne by the general fund in the Treasury of carrying out the functions of the Social Security Administration in connection with the withholding of taxes from benefits, as described in , pursuant to requests by persons entitled to such benefits or such persons’ representative payee.”
Pub. L. 104–1211996—Subsec. (g)(1)(A). inserted at end “Of the amounts authorized to be made available out of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund under the preceding sentence, there are hereby authorized to be made available from either or both of such Trust Funds for continuing disability reviews—
“(i) for fiscal year 1996, $260,000,000;
“(ii) for fiscal year 1997, $360,000,000;
“(iii) for fiscal year 1998, $570,000,000;
“(iv) for fiscal year 1999, $720,000,000;
“(v) for fiscal year 2000, $720,000,000;
“(vi) for fiscal year 2001, $720,000,000; and
“(viii) for fiscal year 2002, $720,000,000.
section 421(i) of this titlePublic Law 103–296For purposes of this subparagraph, the term ‘continuing disability review’ means a review conducted pursuant to and a review or disability eligibility redetermination conducted to determine the continuing disability and eligibility of a recipient of benefits under the supplemental security income program under subchapter XVI, including any review or redetermination conducted pursuant to section 207 or 208 of the Social Security Independence and Program Improvements Act of 1994 ().”
Pub. L. 103–296, § 321(a)(1)1994—Subsec. (a). , in closing provisions substituted “and” for “and and” before “such Trust Fund shall pay”.
Pub. L. 103–296, § 107(b)(1)Subsec. (a)(3). , (2), substituted “Commissioner of Social Security” and “such Commissioner” for “Secretary of Health and Human Services” and “such Secretary”, respectively.
Pub. L. 103–296, § 107(b)(1)Subsec. (a)(4). , substituted “Commissioner of Social Security” for “Secretary of Health and Human Services” in two places.
Pub. L. 103–296, § 107(b)(1)Subsec. (b)(1). , (2), substituted “Commissioner of Social Security” and “such Commissioner” for “Secretary of Health and Human Services” and “such Secretary”, respectively.
Pub. L. 103–387, § 3(a)Subsec. (b)(1)(O) to (R). , substituted “(O) 1.20 per centum of the wages (as so defined) paid after , and before , and so reported, (P) 1.88 per centum of the wages (as so defined) paid after , and before , and so reported, (Q) 1.70 per centum of the wages (as so defined) paid after , and before , and so reported, and (R) 1.80 per centum of the wages (as so defined) paid after , and so reported,” for “(O) 1.20 per centum of the wages (as so defined) paid after , and before , and so reported, and (P) 1.42 per centum of the wages (as so defined) paid after , and so reported,”.
Pub. L. 103–296, § 107(b)(1)Subsec. (b)(2). , substituted “Commissioner of Social Security” for “Secretary of Health and Human Services” in two places.
Pub. L. 103–387, § 3(b)Subsec. (b)(2)(O) to (R). , substituted “(O) 1.20 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (P) 1.88 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (Q) 1.70 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , and (R) 1.80 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after ,” for “(O) 1.20 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , and (P) 1.42 per centum of the self-employment income (as so defined) so reported for any taxable year beginning after ,”.
Pub. L. 103–296, § 107(b)(3)Subsec. (c). , in introductory provisions, inserted “the Commissioner of Social Security,” after “shall be composed of” and inserted “Deputy” before “Commissioner of Social Security shall serve”.
Pub. L. 103–296, § 301(a)Subsec. (d). , inserted after fifth sentence “Each obligation issued for purchase by the Trust Funds under this subsection shall be evidenced by a paper instrument in the form of a bond, note, or certificate of indebtedness issued by the Secretary of the Treasury setting forth the principal amount, date of maturity, and interest rate of the obligation, and stating on its face that the obligation shall be incontestable in the hands of the Trust Fund to which it is issued, that the obligation is supported by the full faith and credit of the United States, and that the United States is pledged to the payment of the obligation with respect to both principal and interest.”
Pub. L. 103–296, § 301(b)Subsec. (f). , inserted at end “Payment from the general fund of the Treasury to either of the Trust Funds of any such interest or proceeds shall be in the form of paper checks drawn on such general fund to the order of such Trust Fund.”
Pub. L. 103–296, § 107(b)(4)(C)Pub. L. 103–296, § 321(c)(1)(A)(i)(III)section 432 of this titleSubsec. (g)(1)(A). , in text as amended by , substituted “subchapters II and XVIII” for “subchapters II, XVI, and XVIII” in second sentence and amended last sentence generally. Prior to amendment, last sentence read as follows: “There are hereby authorized to be made available for expenditure, out of any or all of the Trust Funds, such amounts as the Congress may deem appropriate to pay the costs of the part of the administration of this subchapter, subchapter XVI, and subchapter XVIII for which the Secretary of Health and Human Services is responsible and of carrying out the functions of the Department of Health and Human Services, specified in , which relate to the administration of provisions of the Internal Revenue Code of 1986 other than those referred to in clause (i) of the first sentence of this subparagraph.”
Pub. L. 103–296, § 321(c)(1)(A)(i)(III), substituted “chapters 2 and 21 of the Internal Revenue Code of 1986” for “subchapter E of chapter 1 and subchapter A of chapter 9 of the Internal Revenue Code of 1939, and chapters 2 and 21 of the Internal Revenue Code of 1954” in second sentence and “1986 other” for “1954 other” in last sentence.
Pub. L. 103–296, § 321(c)(1)(A)(i)(I)Subsec. (g)(1)(A)(i). , substituted “and chapters 2 and 21 of the Internal Revenue Code of 1986” for “and subchapter E of chapter 1 and subchapter A of chapter 9 of the Internal Revenue Code of 1939, and chapters 2 and 21 of the Internal Revenue Code of 1954”.
Pub. L. 103–296, § 107(b)(4)(A), substituted “by the Managing Trustee, the Commissioner of Social Security, and the Secretary of Health and Human Services” for “by him and the Secretary of Health and Human Services” and “by the Department of Health and Human Services for the administration of subchapter XVIII of this chapter, and by the Department of the Treasury for the administration of subchapters II and XVIII of this chapter” for “by the Department of Health and Human Services and the Treasury Department for the administration of subchapters II, XVI, and XVIII of this chapter”.
Pub. L. 103–296, § 321(c)(1)(A)(i)(II)Subsec. (g)(1)(A)(ii). , substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”.
Pub. L. 103–296, § 107(b)(4)(B), substituted “applicable method prescribed under paragraph (4)” for “method prescribed by the Board of Trustees under paragraph (4)”, “Commissioner of Social Security” for “Secretary of Health and Human Services”, and “Social Security Administration” for “Department of Health and Human Services”.
Pub. L. 103–296, § 107(b)(4)(A)Pub. L. 103–296, § 321(c)(1)(A)(i)(IV)section 432 of this titlesection 432 of this titlesection 432 of this titleSubsec. (g)(1)(B). , added subpar. (B) and struck out former subpar. (B), as amended by , which read as follows: “After the close of each fiscal year the Secretary of Health and Human Services shall determine the portion of the costs, incurred during such fiscal year, of administration of this subchapter, subchapter XVI, and subchapter XVIII of this chapter and of carrying out the functions of the Department of Health and Human Services, specified in , which relate to the administration of provisions of the Internal Revenue Code of 1986 (other than those referred to in clause (i) of the first sentence of subparagraph (A)), which should have been borne by the general fund in the Treasury and the portion of such costs which should have been borne by each of the Trust Funds; except that the determination of the amounts to be borne by the general fund in the Treasury with respect to expenditures incurred in carrying out such functions specified in shall be made pursuant to the method prescribed by the Board of Trustees under paragraph (4) of this subsection. After such determination has been made, the Secretary of Health and Human Services shall certify to the Managing Trustee the amounts, if any, which should be transferred from one to any of the other of such Trust Funds and the amounts, if any, which should be transferred between the Trust Funds (or one of the Trust Funds) and the general fund in the Treasury, in order to insure that each of the Trust Funds and the general fund in the Treasury have borne their proper share of the costs, incurred during such fiscal year, for the part of the administration of this subchapter, subchapter XVI, and subchapter XVIII of this chapter for which the Secretary of Health and Human Services is responsible and of carrying out the functions of the Department of Health and Human Services, specified in , which relate to the administration of provisions of the Internal Revenue Code of 1986 (other than those referred to in clause (i) of the first sentence of subparagraph (A)). The Managing Trustee is authorized and directed to transfer any such amounts in accordance with any certification so made.”
Pub. L. 103–296, § 321(c)(1)(A)(i)(IV), substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954” in two places.
Pub. L. 103–296, § 107(b)(4)(A)Subsec. (g)(1)(C), (D). , added subpars. (C) and (D).
Pub. L. 103–296, § 321(c)(1)(B)(i)Subsec. (g)(2). , in first sentence substituted “section 3101(a) of the Internal Revenue Code of 1986 which are subject to refund under section 6413(c) of such Code with respect to wages (as defined in section 3121 of such Code).” for “section 3101(a) which are subject to refund under section 6413(c) of the Internal Revenue Code of 1954 with respect to wages (as defined in section 1426 of the Internal Revenue Code of 1939 and section 3121 of the Internal Revenue Code of 1954) paid after .” and in second sentence substituted “wages reported to the Secretary of the Treasury or his delegate pursuant to subtitle F of such Code,” for “wages reported to the Commissioner of Internal Revenue pursuant to section 1420(c) of the Internal Revenue Code of 1939 and to the Secretary of the Treasury or his delegate pursuant to subtitle F of the Internal Revenue Code of 1954,”.
Pub. L. 103–296, § 107(b)(5), in second sentence substituted “maintained by the Commissioner of Social Security” for “established and maintained by the Secretary of Health and Human Services” and “Commissioner of Social Security shall furnish” for “Secretary shall furnish”.
Pub. L. 103–296, § 107(b)(6)Pub. L. 103–296, § 321(c)(1)(C)section 432 of this titleSubsec. (g)(4). , amended generally par. (4) as amended by . Prior to amendment, par. (4) read as follows: “If at any time or times the Boards of Trustees of such Trust Funds deem such action advisable, they may modify the method prescribed by such Boards of determining the costs which should be borne by the general fund in the Treasury of carrying out the functions of the Department of Health and Human Services, specified in , which relate to the administration of provisions of the Internal Revenue Code of 1986 (other than those referred to in clause (i) of the first sentence of paragraph (1)(A)).”
Pub. L. 103–296, § 321(c)(1)(C), substituted “If at any time or times the Boards of Trustees of such Trust Funds deem such action advisable, they may modify the method prescribed by such Boards” for “The Board of Trustees shall prescribe before , the method” and “Code of 1986” for “Code of 1954” and struck out at end “If at any time or times thereafter the Boards of Trustees of such Trust Funds deem such action advisable they may modify the method so determined.”
Pub. L. 103–296, § 107(b)(7)Subsec. (i)(1). , amended par. (1) generally. Prior to amendment, par. (1) read as follows: “The Managing Trustee of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust Fund is authorized to accept on behalf of the United States money gifts and bequests made unconditionally to any one or more of such Trust Funds or to the Department of Health and Human Services, or any part or officer thereof, for the benefit of any of such Funds or any activity financed through such Funds.”
Pub. L. 103–296, § 107(b)(8)Subsec. (j). , substituted “Commissioner of Social Security” for “Secretary” wherever appearing.
Pub. L. 103–296, § 107(b)(8)Subsec. (k). , substituted “Commissioner of Social Security” for “Secretary”.
lPub. L. 103–296, § 107(b)(9)Subsec. ()(3)(B)(iii)(II). , substituted “Commissioner of Social Security” for “Secretary”.
Pub. L. 103–296, § 107(b)(10)Subsec. (m)(3). , substituted “Commissioner of Social Security” for “Secretary of Health and Human Services”.
Pub. L. 101–508, § 5115(a)1990—Subsec. (a). , in first sentence following cl. (4), substituted “from time to time” for “monthly on the first day of each calendar month” in two places and “paid to or deposited into the Treasury” for “to be paid to or deposited into the Treasury during such month”, and in last sentence substituted “Fund. Notwithstanding the preceding sentence, in any case in which the Secretary of the Treasury determines that the assets of either such Trust Fund would otherwise be inadequate to meet such Fund’s obligations for any month, the Secretary of the Treasury shall transfer to such Trust Fund on the first day of such month the amount which would have been transferred to such Fund under this section as in effect on ; and” for “Fund;”.
Pub. L. 101–508, § 13304Subsec. (c). , inserted after first sentence following cl. (5) “Such statement shall include a finding by the Board of Trustees as to whether the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, individually and collectively, are in close actuarial balance (as defined by the Board of Trustees).”
Pub. L. 101–508, § 5106(c)Subsec. (j). , inserted at end “The amount available for payment under this subsection for travel by a representative to attend an administrative proceeding before an administrative law judge or other adjudicator shall not exceed the maximum amount allowable under this subsection for such travel originating within the geographic area of the office having jurisdiction over such proceeding.”
Pub. L. 101–234Pub. L. 100–360, § 212(c)(1)1989—Subsecs. (g)(1)(A), (i)(1). repealed , and provided that the provisions of law amended or repealed by such section are restored or revised as if such section had not been enacted, see 1988 Amendment note below.
Pub. L. 100–6471988—Subsec. (c). inserted after first sentence “A member of the Board of Trustees serving as a member of the public and nominated and confirmed to fill a vacancy occurring during a term shall be nominated and confirmed only for the remainder of such term. An individual nominated and confirmed as a member of the public may serve in such position after the expiration of such member’s term until the earlier of the time at which the member’s successor takes office or the time at which a report of the Board is first issued under paragraph (2) after the expiration of the member’s term.”
Pub. L. 100–360, § 212(c)(1)(A)Subsec. (g)(1)(A). , substituted “, Federal Supplementary Medical Insurance Trust Fund, and the Federal Catastrophic Drug Insurance Trust Fund” for “and the Federal Supplementary Medical Insurance Trust Fund”.
Pub. L. 100–360, § 212(c)(1)(B)Subsec. (i)(1). , substituted “, Federal Hospital Insurance Catastrophic Coverage Reserve Fund, Federal Supplementary Medical Insurance Trust Fund, and the Federal Catastrophic Drug Insurance Trust Fund” for “and the Federal Supplementary Medical Insurance Trust Fund”.
Pub. L. 99–272Provided1986—Subsec. (c). , in provisions following par. (5), substituted “. Such report shall” for “: , That the certification shall not refer to economic assumptions underlying the Trustee’s report, and shall”.
Pub. L. 98–369, § 2663(j)(2)(A)(i)1984—Subsecs. (a)(3), (4), (b)(1), (2). , substituted “Health and Human Services” for “Health, Education, and Welfare”.
Pub. L. 98–369, § 2663(a)(1)(A)Subsec. (d). , substituted “chapter 31 of title 31” for “the Second Liberty Bond Act, as amended” and “public-debt obligations” for “public-debt obligation”.
Pub. L. 98–369, § 2663(j)(2)(A)(i)Subsec. (g)(1). , substituted “Health and Human Services” for “Health, Education, and Welfare”.
Pub. L. 98–369, § 2663(a)(1)(B)Subsec. (g)(1)(B). , substituted “clause” for “clauses” in first sentence.
Pub. L. 98–369, § 2663(j)(2)(A)(i)Subsecs. (g)(2), (4), (i)(1). , substituted “Health and Human Services” for “Health, Education, and Welfare”.
lPub. L. 98–369, § 2661(a)Subsec. ()(3)(B)(i). , inserted “Insurance” after “Survivors”.
Pub. L. 98–21, § 141(a)1983—Subsec. (a). , in provisions following par. (4), substituted “monthly on the first day of each calendar month” for “from time to time”, wherever appearing, and “to be paid or deposited into the Treasury during such month” for “paid to or deposited into the Treasury”, and inserted provision that all amounts transferred to either Trust Fund under the preceding sentence shall be invested by the Managing Trustee in the same manner and to the same extent as the other assets of such Trust Fund; and such Trust Fund shall pay interest to the general fund on the amount so transferred on the first day of any month at a rate (calculated on a daily basis, and applied against the difference between the amount so transferred on such first day and the amount which would have been transferred to the Trust Fund up to that day under the procedures in effect on ) equal to the rate earned by the investments of such Fund in the same month under subsection (d) of this section.
Pub. L. 98–21, § 126(a)Subsec. (b)(1)(K) to (P). , substituted, in cls. (K), (L), and (M), appropriations equivalent to 100 per centum of (K) 1.65 per centum of the wages (as so defined) paid after , and before , and so reported, (L) 1.25 per centum of the wages (as so defined) paid after , and before , and so reported, (M) 1.00 per centum of the wages (as so defined) paid after , and before , and so reported, for such appropriations of (K) 1.65 per centum of the wages (as so defined) paid after , and before , and so reported, (L) 1.90 per centum of the wages (as so defined) paid , and before , and so reported, and (M) 2.20 per centum of the wages (as so defined) paid after , and so reported, and added cls. (N) to (P).
Pub. L. 98–21, § 126(b)Subsec. (b)(2)(K) to (P). , substituted, in cls. (K), (L), and (M), appropriations equivalent to 100 per centum of (K) 1.2375 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (L) 0.9375 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (M) 1.00 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , for such appropriations of (K) 1.2375 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (L) 1.4250 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , and (M) 1.6500 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and added cls. (N) to (P).
Pub. L. 98–21, § 341(a)Subsec. (c). , substituted “Secretary of Health and Human Services, all ex officio, and of two members of the public (both of whom may not be from the same political party), who shall be nominated by the President for a term of four years and subject to confirmation by the Senate” for “Secretary of Health, Education, and Welfare, all ex officio” in provisions preceding par. (1), and inserted provision that a person serving on the Board of Trustees shall not be considered to be a fiduciary and shall not be personally liable for actions taken in such capacity with respect to the Trust Funds, in provisions following par. (5).
Pub. L. 98–21, § 154(a), in provisions following par. (5), inserted provision that the report referred to in par. (2) shall include an actuarial opinion by the Chief Actuary of the Social Security Administration certifying that the techniques and methodologies used are generally accepted within the actuarial profession and that the assumptions and cost estimates used are reasonable, and provided further that the certification shall not refer to economic assumptions underlying the Trustee’s report.
lPub. L. 98–21, § 142(a)(1)Subsec. ()(1). , substituted reference to January 1988 for reference to January 1983, and inserted “, subject to paragraph (5),” after “such Trust Fund, or”.
lPub. L. 98–21, § 142(a)(2)(A)Subsec. ()(2). , substituted “on the last day of each month after such loan is made” for “from time to time”, substituted “the total interest accrued to such day” for “interest”, and inserted “(even if such an investment would earn interest at a rate different than the rate earned by investments redeemed by the lending fund in order to make the loan)”.
lPub. L. 98–21, § 142(a)(3)Subsec. ()(3). , designated existing provisions as subpar. (A) and added subpars. (B) and (C).
lPub. L. 98–21, § 142(a)(4)Subsec. ()(5). , added par. (5).
Pub. L. 98–21, § 152(a)Subsec. (m). , added subsec. (m).
lPub. L. 97–123l1981—Subsec. (). added subsec. ().
Pub. L. 96–403, § 1(a)1980—Subsec. (b)(1)(H) to (M). , substituted in cl. (H) reference to , for ; added cls. (I) and (J); redesignated as cl. (K) former cl. (I) substituting reference to , for ; and redesignated as cls. (L) and (M) former cls. (J) and (K).
Pub. L. 96–403, § 1(b)Subsec. (b)(2)(H) to (M). , substituted in cl. (H) reference to , for ; added cls. (I) and (J); redesignated as cl. (K) former cl. (I) substituting reference to , for ; and redesignated as cls. (L) and (M) former cls. (J) and (K).
Pub. L. 96–265, § 310(a)Subsec. (j). , added subsec. (j).
Pub. L. 96–265, § 505(a)(5)Subsec. (k). , added subsec. (k).
Pub. L. 95–216, § 102(a)(1)1977—Subsec. (b)(1)(G) to (K). , substituted “(G) 1.55 per centum of the wages (as so defined) paid after , and before , and so reported, (H) 1.50 per centum of the wages (as so defined) paid after , and before , and so reported, (I) 1.65 per centum of the wages (as so defined) paid after , and before , and so reported, (J) 1.90 per centum of the wages (as so defined) paid after , and before , and so reported, and (K) 2.20 per centum of the wages (as so defined) paid after , and so reported” for “(G) 1.2 per centum of the wages (as so defined) paid after , and before , and so reported, (H) 1.3 per centum of the wages (as so defined) paid after , and before , and so reported, (I) 1.4 per centum of the wages (as so defined) paid after , and before , and so reported, and (J) 1.7 per centum of the wages (as so defined) paid after , and so reported”.
Pub. L. 95–216, § 102(a)(2)Subsec. (b)(2)(G) to (K). , substituted “(G) 1.090 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (H) 1.0400 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (I) 1.2375 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (J) 1.4250 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , and (K) 1.650 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after ” for “(G) 0.850 of 1 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (H) 0.920 of 1 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , (I) 0.990 of 1 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after , and before , and (J) 1 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after ”.
Pub. L. 94–202, § 8(d)(1)section 1381 of this titlesection 432 of this title1976—Subsec. (g)(1). , incorporated changes in the operations and responsibilities of the Managing Trustee of the Trust Funds and the Secretary of Health, Education, and Welfare occasioned by changes in the annual method of reporting wages for social security purposes, by directing that estimated amounts paid from the Trust Funds into the Treasury, to replace amounts expended from the general fund in the Treasury, be estimated by both the Managing Trustee and the Secretary and that the Secretary determine the portion of costs attributable to the general fund in the Treasury and the portion attributable to the Trust Funds at the close of the fiscal year, by striking out reference to , and by inserting reference to par. (4) of this section, , and subchapter E of chapter 1 and subchapter A of chapter 9 of the Internal Revenue Code of 1939.
Pub. L. 94–202, § 8(d)(2)Subsec. (g)(4). , added par. (4).
Pub. L. 93–233, § 7(a)1973—Subsec. (b)(1)(E) to (J). , substituted in: cl. (E) “” for “”; cl. (F) “” and “” for “” and “”; cl. (G) “1.2” for “1.5” per centum and “paid after , and before ” for “paid after ,” and added cls. (H) to (J).
Pub. L. 93–233, § 7(b)Subsec. (b)(2)(E) to (J). , substituted in: cl. (E) “” for “”; cl. (F) “0.815 of 1 per centum” for “0.84 per centum” and “as reported for any taxable year beginning after , and before ” for “so reported for any taxable year beginning after , and before ”; cl. (G) “0.850 of 1 percentum” for “0.895 per centum” and “taxable year beginning after , and before ” for “taxable year beginning after ”; and added cls. (H) to (J).
Pub. L. 92–603, § 132(a)1972—Subsec. (a). , inserted “such gifts and bequests as may be made as provided in subsection (i)(1), and” after “in addition,” in provisions preceding par. (1).
Pub. L. 92–603, § 132(b)Subsec. (b). , inserted “such gifts and bequests as may be made as provided in subsection (i)(1), and” after “consist of” in provisions preceding par. (1).
Pub. L. 92–603, § 136(a)Subsec. (b)(1). , substituted “1.1” for “1.0” in cl. (E), “1.15” for “1.1” in cl. (F), and “1.5” for “1.4” in cl. (G).
Pub. L. 92–336, § 205(a), struck out “and” before “(D)”, inserted reference to wages paid before , in cl. (D), and added cls. (E), (F), and (G).
Pub. L. 92–603, § 136(b)Subsec. (b)(2). , substituted “0.795” for “0.75” in cl. (E), “0.84” for “0.825” in cl. (F), and “0.895” for “0.915” in cl. (G).
Pub. L. 92–336, § 205(b), struck out “and” before “(D)”, inserted reference to self-employment income before , in cl. (D), and added cls. (E), (F), and (G).
Pub. L. 92–603, § 305(a)section 1381 of this titleSubsec. (g)(1)(A). , inserted references to subchapter XVI of this chapter and provisions relating to the general revenues of the United States with respect to subchapter XVI of this chapter and to the appropriations made pursuant to .
Pub. L. 92–603, § 132(c)Subsec. (i). , added subsec. (i).
Pub. L. 91–172, § 1005(a)1969—Subsec. (b)(1). , inserted reference to wages paid before , and inserted provision for the appropriation of amounts equal to 1.10 per centum of wages paid after .
Pub. L. 91–172, § 1005(b)Subsec. (b)(2). , inserted reference to self-employment income before , and inserted provision for the appropriation of 0.825 of 1 percent of the amount of self-employment income for taxable years beginning after .
Pub. L. 90–248, § 110(a)1968—Subsec. (b)(1). , designated existing provisions as cls. (A) and (B), inserted “and before ,” after “1965,” in cl. (B), and added cl. (C).
Pub. L. 90–248, § 110(b)Subsec. (b)(2). , designated existing provisions as cls. (A) and (B), inserted “and before , and” after “1965,” in cl. (B), and added cl. (C).
Pub. L. 90–248, § 169(a)Subsec. (c)(2). , substituted “April” for “March”.
Pub. L. 90–248, § 169(b)Subsec. (c). , inserted penultimate sentence for inclusion in reports of board of trustees to Congress of an actuarial analysis of the benefit disbursements made from the Federal Old-Age and Survivors Insurance Trust Fund with respect to disabled beneficiaries.
Pub. L. 89–97, § 108(a)(1)1965—Subsec. (a)(3). , inserted “(other than sections 3101(b) and 3111(b))” after “chapter 21” in two places.
Pub. L. 89–97, § 108(a)(2)Subsec. (a)(4). , inserted “(other than section 1401(b))” after “chapter 2” and “such subchapter or chapter”.
Pub. L. 89–97, § 305(a)Subsec. (b)(1). , inserted “and before ,” after “,” and “and 0.70 of 1 per centum of the wages (as so defined) paid after , and so reported,” after “1954,”.
Pub. L. 89–97, § 305(b)Subsec. (b)(2). , inserted “and before , and 0.525 of 1 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after ,” after “,”.
Pub. L. 89–97, § 327Subsec. (c). , extended from once each six months to once each calendar year the minimum number of times the Board of Trustees must meet.
Pub. L. 89–97, § 108(a)(3)Subsec. (g)(1). , included the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund among the Trust Funds available for reimbursement of the Treasury for administrative costs of this subchapter and subchapter XVIII of this chapter, deleted references to administrative costs of subchapter VIII of this chapter and subchapter E of chapter 1 and subchapter 9 of the Internal Revenue Code of 1939, and also provided for adjustment among the Trust Funds during each fiscal year so that the Funds bear the proportionate share of the administration costs.
Pub. L. 89–97, § 108(a)(4)Subsec. (g)(2). , inserted “imposed under section 3101(a)” after “the amount estimated by him as taxes”.
Pub. L. 89–97, § 108(a)(5)section 426 of this titleSubsec. (h). , inserted “(other than )” after “this subchapter”.
Pub. L. 86–778, § 701(a)1960—Subsec. (c). –(c), required the Board of Trustees to meet not less frequently than once each six months, struck out provisions from cl. (3) which required the Board to report immediately to the Congress whenever the Board is of the opinion that during the ensuing five fiscal years either of the Trust Funds will exceed three times the highest annual expenditures from such Trust Fund anticipated during that five-fiscal-year period, and added cl. (5).
Pub. L. 86–778, § 701(d)Subsec. (d). , substituted “shall bear interest at a rate equal to the average market yield (computed by the Managing Trustee on the basis of market quotations as of the end of the calendar month next preceding the date of such issue) on all marketable interest-bearing obligations of the United States then forming a part of the public debt which are not due or callable until after the expiration of four years from the end of such calendar month” for “bear interest at a rate equal to the average rate of interest, computed as to the end of the calendar month next preceding the date of such issue, borne by all marketable interest-bearing obligations of the United States then forming a part of the Public Debt that are not due or callable until after the expiration of five years from the date of original issue”, and substituted provisions authorizing the purchase of other interest-bearing obligations when the Managing Trustee determines that it is in the public interest for provisions which authorized the issuance of obligations by the Trust Funds only if the Managing Trustee determined that the purchase of other obligations was not in the public interest.
Pub. L. 86–778, § 701(e)Subsec. (e). , substituted “public-debt obligations” for “special obligations” in two places.
Pub. L. 86–3461959—Subsec. (d). substituted “on original issue at the issue price” for “on original issue at par”.
Pub. L. 85–840section 402 of this title1958—Subsec. (h). provided that benefit payments required to be made under subsection (b), (c), or (d) of to individuals entitled to benefits on the basis of the wages and self-employment income of an individual entitled to disability insurance benefits be made only from the Federal Disability Insurance Trust Fund.
1956—Act , amended section generally, inserting references to taxes imposed by the Internal Revenue Code of 1954, substituting “Secretary of Health, Education, and Welfare” for “Federal Security Administrator,” creating the Federal Disability Insurance Trust Fund, requiring obligations issued for purchase by the Trust Funds to have maturities fixed with due regard for the needs of the Trust Funds, authorizing to be made available for expenditure out of the Trust Funds such amounts as Congress deems necessary to pay costs of administration of subchapter, and requiring the Secretary of Health, Education, and Welfare to analyze costs of administration so that each Trust Fund may be charged with its proper share.
1950—Subsec. (a). Act , § 109(a)(1)–(3), substituted “such amounts as may be appropriated to, or deposited in, the Trust Fund” for “such amounts as may be appropriated to the Trust Fund” in second sentence, simplified the accounting and collection processes required for determining the amounts appropriated to the trust fund, as set out in third sentence, and struck out fourth sentence authorizing appropriation of additional funds.
Subsec. (b). Act , § 109(a)(4)–(8), substituted “Federal Security Administrator” for “Chairman of the Social Security Board”, changed filing date for annual report from first day of each regular session of Congress to March 1 of each year, added par. (4), inserted sentence to require report to be printed as a House document, and made Commissioner of Social Security the Secretary of the Board of Trustees.
Subsec. (f). Act. , § 109(a)(9), changed reference in text from Title II of the Federal Insurance Contributions Act to subchapter A of chapter 9 and subchapter E of chapter 1 of the Internal Revenue Code of 1939 to avoid confusion and to include the new provisions of such Code relating to the collection of taxes from the self-employed.
1944—Subsec. (a). Act , inserted sentence authorizing appropriation of additional funds.
1939—Act , amended section generally.
Statutory Notes and Related Subsidiaries
Effective Date of 2015 Amendment
Pub. L. 114–74, title VIII, § 833(3)129 Stat. 614
Effective Date of 1998 Amendment
Pub. L. 105–277, div. J, title IV, § 4005(c)112 Stat. 2681–912
Effective Date of 1994 Amendment
Pub. L. 103–387, § 3(c)108 Stat. 4075
Pub. L. 103–296, title I, § 110108 Stat. 1490
In General .—
Transition Rules .—
Exceptions .—
Pub. L. 103–296, title III, § 301(c)108 Stat. 1518
In general .—
Treatment of outstanding obligations .—
Pub. L. 103–296, title III, § 321(c)(1)(A)(ii)108 Stat. 1537
Pub. L. 103–296, title III, § 321(c)(1)(B)(ii)108 Stat. 1537
Effective Date of 1990 Amendment
Pub. L. 101–508, title V, § 5106(d)104 Stat. 1388–269
Pub. L. 101–508, title V, § 5115(c)[(b)]104 Stat. 1388–274
section 13304 of Pub. L. 101–508section 13306 of Pub. L. 101–508section 632 of Title 2Amendment by effective for annual reports of the Board of Trustees issued in or after calendar year 1991, see , set out as a note under , The Congress.
Effective Date of 1989 Amendment
Pub. L. 101–234, title II, § 202(b)103 Stat. 1981
Effective Date of 1988 Amendment
Pub. L. 100–647, title VIII, § 8005(b)102 Stat. 3781
Effective Date of 1986 Amendment
Pub. L. 99–272, title IX, § 9213(c)100 Stat. 180
Effective Date of 1984 Amendment
Pub. L. 98–369, div. B, title VI, § 266498 Stat. 1171
Effective Date of 1983 Amendment
Pub. L. 98–21, title I, § 141(c)97 Stat. 99
Pub. L. 98–21, title I, § 142(a)(2)(B)97 Stat. 99
Pub. L. 98–21, title I, § 152(b)97 Stat. 105
Pub. L. 98–21, title I, § 154(e)97 Stat. 107
Pub. L. 98–21, title III, § 341(d)97 Stat. 136
Effective Date of 1981 Amendment
Pub. L. 97–123, § 1(c)95 Stat. 1660
Effective Date of 1980 Amendment
Pub. L. 96–403, § 294 Stat. 1710
Effective Date of 1977 Amendment
Pub. L. 95–216section 104 of Pub. L. 95–216section 1401 of Title 26Amendment by applicable with respect to remuneration paid or received, and taxable years beginning after 1977, see , set out as a note under , Internal Revenue Code.
Effective Date of 1972 Amendment
Pub. L. 92–603, title I, § 132(f)86 Stat. 1361
Pub. L. 92–603, title III, § 305(c)86 Stat. 1485
Effective Date of 1960 Amendment
Pub. L. 86–778, title VII, § 701(f)74 Stat. 993
Effective Date of 1958 Amendment
Pub. L. 85–840section 207(a) of Pub. L. 85–840section 416 of this titleAmendment by applicable with respect to monthly benefits under this subchapter for months after August 1958, but only if an application for such benefits is filed on or after , see , set out as a note under .
Effective Date of 1939 Amendment
Act Aug. 10, 1939, ch. 666, title II, § 201 53 Stat. 1362 , , provided that the amendment made by that section is effective .
Construction of 1994 Amendment
Pub. L. 103–296, title III, § 321(d)108 Stat. 1538
Protection of Social Security
Pub. L. 110–234, title XV, § 15361122 Stat. 1527 Pub. L. 110–246, § 4(a)122 Stat. 1664
Pub. L. 110–234Pub. L. 110–246Pub. L. 110–234section 4(a) of Pub. L. 110–246section 8701 of Title 7[ and enacted identical provisions. was repealed by , set out as a note under , Agriculture.]
No Impact on Social Security Trust Funds
Pub. L. 107–147, title V, § 501116 Stat. 58
In General .—
Transfers.—
Estimate of secretary .—
Transfer of funds .—
Pub. L. 107–134Impact of on Social Security Trust Funds
Pub. L. 107–134, title III, § 301115 Stat. 2444
In General .—
Transfers.—
Estimate of secretary .—
Transfer of funds .—
Study by General Accounting Office of Existing Coordination of the DI and SSI Programs as They Relate to Individuals Entering or Leaving Concurrent Entitlement
Pub. L. 106–170, title III, § 303(b)113 Stat. 1904 42 U.S.C. 40142 U.S.C. 138142 U.S.C. 1395, , , provided that, as soon as practicable after , the Comptroller General was to undertake a study to evaluate the coordination of the disability insurance program under title II of the Social Security Act ( et seq.) and the supplemental security income program under title XVI ( et seq.) of that Act, as such programs related to individuals entering or leaving concurrent entitlement under such programs, specifically addressing the effectiveness of work incentives under such programs and the effectiveness of coverage of such individuals under titles XVIII and XIX of that Act ( et seq., 1396 et seq.), and not later than 3 years after , was to transmit to the appropriate congressional committees a report presenting the results of the study and any appropriate recommendations for legislative or administrative changes.
Use of Continuing Disability Review Funds and Report Requirement
Pub. L. 104–121, title I, § 103(d)110 Stat. 850 Pub. L. 104–193, title II, § 211(d)(5)(D)110 Stat. 2192
In general .—
Report .—
Repeal of Changes in Medicare Part B Monthly Premium and Financing
Pub. L. 101–234, title II, § 202(a)103 Stat. 1981
Transfer of Equivalent of 1983 Tax Increases to Payor Funds; Reports
Pub. L. 98–21, title I, § 121(e)97 Stat. 83 Pub. L. 99–514, § 2100 Stat. 2095 Pub. L. 103–66, title XIII, § 13215(c)107 Stat. 476 Pub. L. 104–188, title I, § 1703(n)(12)110 Stat. 1877
In general .—
Transfers .—
Definitions .—
Payor fund .—
Hospital insurance trust fund .—
Social security benefits .—
Reports .—
section 121(e)(4) of Pub. L. 98–21section 3003 of Pub. L. 104–66section 1113 of Title 31[For termination, effective , of provisions relating to submission of annual reports to Congress in , set out above, see , as amended, set out as a note under , Money and Finance, and item 17 on page 143 of House Document No. 103–7.]
Reimbursement to Trust Funds for Unnegotiated Benefit Checks
Pub. L. 98–21, title I, § 152(c)97 Stat. 105
Study of Float Period of Monthly Insurance Benefit Checks
Pub. L. 98–21, title I, § 15397 Stat. 106 , , , directed Secretary of Health and Human Services and Secretary of the Treasury jointly to undertake a thorough study with respect to period of time (referred to as “float period”) between issuance of checks from general fund of Treasury in payment of monthly insurance benefits under title II of the Social Security Act [this subchapter] and transfer to general fund from Federal Old-Age and Survivors Insurance Trust Fund or Federal Disability Insurance Trust Fund, as applicable, of amounts necessary to compensate general fund for issuance of such checks, with Secretaries to submit a report to President an Congress not later than twelve months after , on their findings as to necessity of making adjustments in procedures governing payment of monthly insurance benefits.
Due Date for 1983 Report on Operation and Status of Trust Fund
Pub. L. 98–21, title I, § 154(d)97 Stat. 107 , , , provided that notwithstanding sections 401(c)(2), 1395i(b)(2), and 1395t(b)(2) of this title, the annual reports of the Boards of Trustees of the Trust Funds which are required in calendar year 1983 under those sections may be filed at any time not later than forty-five days after .
Study Relating to Establishment of Time Limitations for Decisions on Claims for Benefits; Report
Pub. L. 96–265, title III, § 30894 Stat. 458 , , , directed Secretary of Health and Human Services to submit to Congress, no later than , a report recommending establishment of appropriate time limitations governing decisions on claims for benefits under this subchapter, taking into account both need for expeditious processing of claims for benefits and need to assure that all such claims will be thoroughly considered and accurately determined.
Pub. L. 96–265Effects of Certain Amendments by ; Report
Pub. L. 96–265, title III, § 31294 Stat. 460 , , , directed Secretary of Health and Human Services to submit to Congress, not later than , a full and complete report as to effects produced by reason of preceding provisions of this Act and amendments made thereby (see Tables for classification).
Appointment and Compensation of Individuals Necessary To Assist the Board of Trustees
Pub. L. 94–202, § 8(e)89 Stat. 1139
Method of Determining Costs Prescribed by the Board of Trustees Certification and Transfer of Funds
Pub. L. 94–202, § 8(f)89 Stat. 1139 Pub. L. 99–514, § 2100 Stat. 2095
Advances From Trust Funds for Administrative Expenses
Pub. L. 92–603, title III, § 305(b)86 Stat. 1485
Advances From Trust Funds for Administrative Purposes; Fiscal Year Transition Period of , Through , Deemed Fiscal Year
section 305(b) of Pub. L. 92–603section 201(11) of Pub. L. 94–27490 Stat. 390 section 343 of Title 7Fiscal year transition period of , through , deemed fiscal year for purposes of , set out as a note above, relating to advances from trust funds for administrative purposes, see , title II, , , set out as a note under , Agriculture.
Gifts and Bequests for the Use of the United States and for Exclusively Public Purposes
Pub. L. 92–603, title I, § 132(g)86 Stat. 1361
Taxes on Services Rendered by Employees of International Organizations Prior to
Act Dec. 29, 1945, ch. 652, title I, § 5(b) 59 Stat. 671 , , prohibited collection of tax under title VIII or IX of the Social Security Act or under the Federal Insurance Contributions Act or the Federal Unemployment Tax Act with respect to services rendered prior to , which were described in paragraph (16) of sections 1426(b) and 1607(c) of the Internal Revenue Code of 1939, and authorized refund of taxes collected.
Executive Documents
Executive Order No. 12335
section 1013 of Title 5Ex. Ord. No. 12335, , 46 F.R. 61633, as amended by Ex. Ord. No. 12397, , 47 F.R. 57651; Ex. Ord. No. 12402, , 48 F.R. 2311, which established the National Commission on Social Security Reform and provided for its membership, functions, etc., was revoked by Ex. Ord. No. 12534, , 50 F.R. 40319, formerly set out as a note under , Government Organization and Employees.