Presidential Documents

22895

Federal Register

Vol. 66, No. 87

Friday, May 4, 2001

Title 3—

The President

Executive Order 13210 of May 2, 2001

President’s Commission To Strengthen Social Security

By the authority vested in me as President by the Constitution and the

laws of the United States of America, including the Federal Advisory Committee Act, as amended (5 U.S.C. App.), and to preserve Social Security

for senior Americans while building wealth for younger Americans, it is

hereby ordered as follows:

Section 1. Establishment. There is established the President’s Commission

to Strengthen Social Security (Commission).

Sec. 2. Membership. The Commission shall be composed of sixteen members

appointed by the President, of which no more than eight shall be members

of the same political party. The President shall also designate two members

of the Commission to act as co-chairs. The two co-chairs shall not be

members of the same political party.

Sec. 3. Mission. The mission of the Commission shall be to submit to

the President bipartisan recommendations to modernize and restore fiscal

soundness to the Social Security system according to the following principles:

(a) Modernization must not change Social Security benefits for retirees or

near-retirees;

(b) The entire Social Security surplus must be dedicated to Social Security

only;

(c) Social Security payroll taxes must not be increased;

(d) Government must not invest Social Security funds in the stock market;

(e) Modernization must preserve Social Security’s disability and survivors

components; and

(f) Modernization must include individually controlled, voluntary personal

retirement accounts, which will augment the Social Security safety net.

Sec. 4. Administration. (a) The Social Security Administration shall, to

the extent permitted by law, provide administrative support and funding

for the Commission.

(b) Members of the Commission shall serve without any compensation

for their work on the Commission. Members appointed from among private

citizens of the United States, however, while engaged in the work of the

Commission, may be allowed travel expenses, including per diem in lieu

of subsistence, as authorized by law for persons serving intermittently in

Government service (5 U.S.C. 5701–5707), to the extent funds are available.

(c) The Commission shall have a staff headed by an Executive Director,

who shall be selected by the President. To the extent permitted by law,

office space, analytical support, and additional staff support for the Commission shall be provided by executive branch departments and agencies as

directed by the President.

(d) The Commission shall receive input from and provide briefings to

the Congress, by procedures determined by the President in consultation

with the congressional leadership and the Commission. Public hearings shall

be held at the call of the co-chairs, in consultation with the President.

(e) The functions of the President under the Federal Advisory Committee

Act, as amended, except for those in section 6 of that Act, that are applicable

to the Commission, shall be performed by the Social Security Administration,

22896 Federal Register / Vol. 66, No. 87 / Friday, May 4, 2001 / Presidential Documents

in accordance with the guidelines that have been issued by the Administrator

of General Services.

Sec. 5. Reports. The Commission shall submit reports to the President as

follows: (a) Interim Report. An interim report shall describe the challenges

facing the Social Security system and the criteria by which the Commission

will evaluate reform proposals. These criteria may include but are not limited

to: solvency, sustainability, benefit adequacy, fair treatment across generations and demographic groups, total annual cost obligations, net impact

on the Federal budget, impact upon national savings, impact on workforce

participation, impact on employer-provided pension plans, rates of return,

and protections against poverty.

(b) Final Report. The final report will set forth the Commission’s recommendations, in accordance with its stated mission in section 3 of this

order, regarding how to strengthen Social Security with personal accounts.

The Commission shall submit its final report during the fall of 2001. The

submission date shall be determined by the co-chairs in consultation with

the President.

Sec. 6. Termination. The Commission shall terminate 30 days after submitting

its final report.

Filed 5

[FR Doc. 01

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THE WHITE HOUSE,

May 2, 2001.

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