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Union Calendar No. 19
106th CONGRESS
1st Session
H. J. RES. 32
[Report No. 106-34]
Expressing the sense of the Congress that the President and the
Congress should join in undertaking the Social Security Guarantee
Initiative to strengthen and protect the retirement income security of
all Americans through the creation of a fair and modern Social Security
Program for the 21st century.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 23, 1999
Mr. Ryan of Wisconsin introduced the following joint resolution; which
was referred to the Committee on Ways and Means
March 1, 1999
Additional sponsor: Mr. Burton of Indiana
March 1, 1999
Reported with amendments, committed to the Committee of the Whole House
on the State of the Union, and ordered to be printed
[Strike out all after the resolving clause and insert the part printed
in italic]
_______________________________________________________________________
JOINT RESOLUTION
Expressing the sense of the Congress that the President and the
Congress should join in undertaking the Social Security Guarantee
Initiative to strengthen and protect the retirement income security of
all Americans through the creation of a fair and modern Social Security
Program for the 21st century.
Resolved by the Senate and House of Representatives of the United
States of America in Congress assembled,
<DELETED>SECTION 1. SHORT TITLE.</DELETED>
<DELETED> This joint resolution may be cited as the ``Social
Security Guarantee Initiative''.</DELETED>
<DELETED>SEC. 2. FINDINGS.</DELETED>
<DELETED> The Congress finds that--</DELETED>
<DELETED> (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;</DELETED>
<DELETED> (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;</DELETED>
<DELETED> (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;</DELETED>
<DELETED> (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
commitments; and</DELETED>
<DELETED> (5) prompt action is necessary to restore
Americans' confidence that their retirement benefits will be
protected.</DELETED>
<DELETED>SEC. 3. SENSE OF THE CONGRESS.</DELETED>
<DELETED> The President and the Congress should join in
strengthening and protecting the retirement income security of all
Americans through the creation of a fair and modern Social Security
program for the 21st century that--</DELETED>
<DELETED> (1) ensures equal treatment across generations to
all Americans, especially minorities and other low-income
workers;</DELETED>
<DELETED> (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;</DELETED>
<DELETED> (3) provides a continuous benefit safety net for
workers, their survivors, their dependents, and individuals
with disabilities;</DELETED>
<DELETED> (4) protects guaranteed lifetime benefits for
current retirees and those nearing retirement; and</DELETED>
<DELETED> (5) avoids any increase in taxes.</DELETED>
SECTION 1. SHORT TITLE.
This joint resolution may be cited as the ``Social Security
Guarantee Initiative''.
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
commitments; and
(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
disabilities;
(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.
Amend the title so as to read as follows: ``Joint
resolution 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.''.
Union Calendar No. 19
106th CONGRESS
1st Session
H. J. RES. 32
[Report No. 106-34]
_______________________________________________________________________
JOINT RESOLUTION
Expressing the sense of the Congress that the President and the
Congress should join in undertaking the Social Security Guarantee
Initiative to strengthen and protect the retirement income security of
all Americans through the creation of a fair and modern Social Security
Program for the 21st century.
_______________________________________________________________________
March 1, 1999
Reported with amendments, committed to the Committee of the Whole House
on the State of the Union, and ordered to be printed
Pages: 1 Other Popular 106th Congressional Bills Documents:
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