I
107TH CONGRESS
1ST SESSION
H. R. 1068
To redesignate the Federal Old-Age and Survivors Insurance Trust Fund
and the Federal Disability Insurance Trust Fund as the Federal Old-
Age and Survivors Insurance Accounting Fund and the Federal Disability
Insurance Accounting Fund, respectively.
IN THE HOUSE OF REPRESENTATIVES
MARCH 15, 2001
Mr. DEMINT introduced the following bill; which was referred to the
Committee on Ways and Means
A BILL
To redesignate the Federal Old-Age and Survivors Insurance
Trust Fund and the Federal Disability Insurance Trust
Fund as the Federal Old-Age and Survivors Insurance
Accounting Fund and the Federal Disability Insurance
Accounting Fund, respectively.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
The Act may be cited as the ‘‘Straighter Talk on So-
cial Security Act of 2001’’.
SEC. 2. REDESIGNATION OF SOCIAL SECURITY TRUST
FUNDS.
The Federal Old-Age and Survivors Insurance Trust
Fund and the Federal Disability Insurance Trust Fund
are hereby redesignated as the ‘‘Federal Old-Age and Sur-
vivors Insurance Accounting Fund’’ and the ‘‘Federal Dis-
ability Insurance Accounting Fund’’, respectively.
SEC. 3. CONFORMING AMENDMENTS TO THE SOCIAL SECU-
RITY ACT.
(a) IN GENERAL.—Sections 201, 202, 206, 215, 217,
221, 222, 228, 229, 703, 706, 709, 710, 1106, 1129,
1131, 1140, 1145, 1147, 1817, and 1840 of the Social
Security Act (42 U.S.C. 401, 402, 406, 415, 417, 421,
422, 428, 429, 903, 907, 910, 911, 1306, 1320a–8,
1320b–1, 1320b–10, 1320b–15, 1320b–17, 1395i, and
1395s) are each amended (in the text and in the headings)
by striking ‘‘Federal Old-Age and Survivors Insurance
Trust Fund’’ and ‘‘Federal Disability Insurance Trust
Fund’’ each place they appear and inserting ‘‘Federal Old-
Age and Survivors Insurance Accounting Fund’’ and
‘‘Federal Disability Insurance Accounting Fund’’, respec-
tively.
(b) CONFORMING
AMENDMENTS.—Sections 201,
215, 217, 221, 222, 229, 231, 234, 706, 709, 1110, and
1148 of such Act (42 U.S.C. 401, 415, 417, 421, 422,
429, 431, 434, 907, 910, 1310, and 1320b–18) are each
amended (in the text and in the headings) by striking
‘‘Trust Funds’’ and ‘‘trust funds’’ each place they appear
and inserting ‘‘Funds’’.
SEC. 4. OTHER CONFORMING AMENDMENTS.
(a) IN GENERAL.—The following provisions are
amended by striking ‘‘Federal Old-Age and Survivors In-
surance Trust Fund’’ and ‘‘Federal Disability Insurance
Trust Fund’’ each place they appear and inserting ‘‘Fed-
eral Old-Age and Survivors Insurance Accounting Fund’’
and ‘‘Federal Disability Insurance Accounting Fund’’, re-
spectively:
(1) sections 3121 and 6402 of the Internal Rev-
enue Code of 1986;
(2) section 7 of the Railroad Retirement Act of
1974 (45 U.S.C. 231f);
(3) section 8331 of title 5, United States Code;
and
(4) sections 3720A and 3806 of title 31, United
States Code.
(b) ADDITIONAL AMENDMENT.—Section 405 of the
Congressional Budget Act of 1974 (2 U.S.C. 655) is
amended by striking ‘‘the Federal Old-Age and Survivors
Insurance and Federal Disability Insurance Trust Funds’’
and inserting ‘‘the Federal Old-Age and Survivors Ac-
counting Fund and the Federal Disability Insurance Ac-
counting Fund’’.
SEC. 5. RULE OF CONSTRUCTION.
Whenever any reference is made in any provision of
law, regulation, rule, record, or document to the Federal
Old-Age and Survivors Insurance Trust Fund or the Fed-
eral Disability Insurance Trust Fund, such reference shall
be considered a reference to the Federal Old-Age and Sur-
vivors Accounting Fund or the Federal Disability Insur-
ance Accounting Fund, respectively.
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