HR 1800 · 109th Congress · Social Welfare

Retirement Security Act of 2005

Introduced 2005-04-21· Sponsored by Rep. Petri, Thomas E. [R-WI-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Social Security.(2005-05-04)

Plain Language Summary

[AI summary unavailable — showing source text] Retirement Security Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to create a new part B (Individual Retirement Investment Program) providing for personal Social Security investment accounts (investment accounts) for certain new Social Security account holders. Amends the Social Security Amendments of 1983 and the Internal Revenue Code to provide for financing of Government contributions to investment accounts and for the tax treatment of individual retirement investment program and personal Social Security investment accounts.…

Summarized by Claude AI · Non-partisan · For informational purposes only