| Home > 106th Congressional Bills > H.J.Res. 32 (rh) Expressing the sense of the Congress that the President and the [Reported in House] ...
H.J.Res. 32 (rh) Expressing the sense of the Congress that the President and the [Reported in House] ...
H. J. RES. 32
IN THE SENATE OF THE UNITED STATES
March 3, 1999
Received; read twice and referred to the Committee on Finance
Expressing the sense of the Congress that the President and the
Congress should join in undertaking the Social Security Guarantee
Initiative to strengthen the Social Security program and protect the
retirement income security of all Americans for the 21st century.
Resolved by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This joint resolution may be cited as the ``Social Security
SEC. 2. FINDINGS.
The Congress finds that--
(1) the Social Security program provides benefits to
44,000,000 Americans, including more than 27,000,000 retirees,
5,000,000 people with disabilities, and 2,000,000 surviving
children, and is essential to the dignity and security of the
Nation's elderly, disabled, and their families;
(2) the Social Security program's progressive benefit
structure is of particular importance to women, due to their
(A) longer life expectancies than men, making the Social
Security program's lifetime, inflation-adjusted benefits a
critical income support especially for widows; (B) lower
average earnings; and (C) lower pension and other retirement
savings, stemming in part from their lower incomes and their
spending an average of 11 years out of the paid workforce
caring for families;
(3) the approaching retirement of the Baby Boom Generation
will result in the Social Security program's benefit costs
exceeding its tax revenues beginning in 2013;
(4) the Social Security program faces looming insolvency
and instability in the next century so that by 2032 the Social
Security Trust Funds will be fully depleted and the program
will be able to honor less than 75 percent of benefit
(5) prompt action is necessary to restore Americans'
confidence that their retirement benefits will be protected.
SEC. 3. SENSE OF THE CONGRESS.
The President and the Congress should join in strengthening the
Social Security program and protecting the retirement income security
of all Americans for the 21st century in a manner that--
(1) ensures equal treatment across generations to all
Americans, especially minorities and other low-income workers;
(2) recognizes the unique obstacles that women face in
ensuring retirement, disability, and survivor security and the
essential role that the Social Security program plays in
protecting financial stability for women;
(3) provides a continuous benefit safety net for workers,
their survivors, their dependents, and individuals with
(4) protects guaranteed lifetime benefits, including cost-
of-living adjustments that fully index for inflation, for
current and future retirees; and
(5) does not increase taxes.
Passed the House of Representatives March 2, 1999.
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