Detailed Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Problem:SECTION 1. SHORT TITLE.

This Act may be cited as the ''Social Security Preservation Act of
2002''.

SEC. 2. FINDINGS AND PURPOSES.

(a) Findings.--The Congress finds that--
(1) the Federal budget has moved from surplus to deficit,
causing social security trust funds financed by payroll taxes
to be used to fund the deficit;
(2) as a result of the return to deficit, the Treasury may
have to borrow nearly $2 trillion from the social security
trust funds to use for other Government expenditures over the
next 10 years;
(3) statements by the Secretary of the Treasury that the
trust funds have ''no assets'' and the social security program
is a ''pyramid game'' and by congressional leaders that the
trust funds are ''empty'', a ''total fraud'', and consist of
''worthless IOUs'' cast doubt on whether social security
beneficiaries can rely upon the Treasury to pay its debts to
the social security trust funds; and
(4) the Treasury's failure to pay its debts to the social
security trust funds would result in cuts in social security
benefits payments to American families as early as 2017.
(b) Purposes.--The purposes of this Act are:
(1) to repudiate statements made by Government leaders that
the social security program has ''no assets'';
(2) to require an annual Congressional vote affirming the
Government's commitment to honoring its debts to the social
security trust funds;
(3) to require the President to explain how the Treasury
will repay loans from the social security trust funds and how
legislation signed by the President affects repayment;
(4) to require an annual affirmation by the Secretary of
the Treasury of the Government's commitment to honoring its
debts to the social security trust funds; and
(5) to provide Americans who have paid social security
taxes with the right to bring an action in court to force the
Secretary of the Treasury to honor the Government's debts to
the social security trust funds.

SEC. 3. REPUDIATION.

To dispel any public confusion, the Congress hereby repudiates--
(1) the statements of the Secretary of the Treasury, Paul
O'Neill, that the social security program is a ''pyramid game''
and that the social security trust funds have ''no assets'';
and
(2) the statements of congressional leaders that the social
security trust funds are ''empty'', a ''total fraud'', ''a mere
accounting device'', and consist of ''worthless IOUs''.

SEC. 4. ANNUAL CONGRESSIONAL AFFIRMATION.

No amounts borrowed from the social security trust funds may be
used by the Treasury to pay for other Government expenditures in a
fiscal year, unless, during the 9-month period immediately preceding
the start of that fiscal year, the Congress has enacted legislation
explicitly affirming that the Treasury will repay these funds.

SEC. 5. ANNUAL REPORT BY THE PRESIDENT.

(a) Purpose.--The purpose of the amendment made by subsection (b)
is to require the President to report annually to Congress on plans for
repaying the funds the Treasury has borrowed from the social security
trust funds.
(b) Amendment.--Section 1105(a) of title 31, United States Code, is
amended by adding at the end the following new paragraph:
''(35) the total amount the Treasury has borrowed from the
social security trust funds, an explanation of the plans for
repaying the amount borrowed from the social security trust
funds, and an explanation of the impact any legislation the
President signed into law in the preceding year will have on
the plans for repaying the social security trust funds.''.

SEC. 6. COMMITMENT BY THE SECRETARY OF THE TREASURY TO HONOR THE
GOVERNMENT'S DEBT TO THE SOCIAL SECURITY TRUST FUNDS.

Whenever the Board of Trustees of the social security trust funds
submits its annual report to Congress pursuant to section 201(c) of the
Social Security Act on the status of such trust funds during the
preceding fiscal year and the expected operation and status during the
ensuing 5 fiscal years, the Secretary of the Treasury shall submit a
statement to Congress containing an affirmation that the Treasury will
honor the securities in such trust funds.

SEC. 7. REQUIREMENT THAT THE GOVERNMENT REPAY THE SOCIAL SECURITY TRUST
FUNDS.

Section 201(d) of the Social Security Act (42 U.S.C. 401(d)) is
amended by inserting after the sixth sentence the following new
sentence: ''Any individual who is credited with wages or self-
employment income under this title may bring an action in an
appropriate Federal district court to enjoin any act or practice by the
Secretary of the Treasury by which the Secretary contests an obligation
issued for purchase by either Trust Fund under this subsection or which
constitutes a failure to provide for redemption of the obligation in
accordance with the terms of such obligation or to otherwise honor the
full faith and credit of the United States supporting such
obligation.''.

SEC. 8. GENERAL PROVISIONS.

(a) Definitions.--As used in this Act--
(1) Social security trust funds.--The term ''social
security trust funds'' refers to the Federal Old-Age and
Survivors Insurance Trust Fund and the Federal Disability
Insurance Trust Fund.
(2) Other government expenditures.--The term ''other
Government expenditures'' means all Government expenditures
other than expenditures for the old-age, survivors, and
disability insurance program under title II of the Social
Security Act. Such term does not include amounts expended to
pay down the Government debt.
(b) Interpretation.--For purposes of this Act, amounts borrowed
from the social security trust funds shall be considered to be used for
other Government expenditures if there is a deficit in the non-Social
Security budget.
Solution:
Social Security Preservation Act of 2002 - Repudiates the statements of: (1) the Secretary of the Treasury, Paul O'Neill, that the social security program (title II (Old Age, Survivors and Disability Insurance) of the Social Security Act) is a "pyramid game" and that the social security trust funds (Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund) have "no assets;" and (2) the statements of congressional leaders that the social security trust funds are "empty," a "total fraud," "a mere accounting device", and consist of "worthless IOUs."Prohibits the use by the Treasury of amounts borrowed from the social security trust funds to pay for other Government expenditures in a fiscal year, unless, during the nine month period immediately preceding the year, the Congress has enacted legislation explicitly affirming that the Treasury will repay these funds.Amends Federal law to require the President to include in each budget: (1) the total amount the Treasury has borrowed from the social security trust funds; and (2) explanations of repayment plans and the impact any legislation enacted in the preceding year will have on them.Requires the Secretary to affirm annually that the Treasury will honor the securities in such trust funds.Allows any individual credited with wages or self-employment income under Medicare to bring an action in an appropriate Federal district court to enjoin any act or practice: (1) by which the Secretary contests an obligation issued for purchase by either social security trust fund; or (2) which constitutes a failure to provide for redemption of the obligation in accordance with its terms or to otherwise honor the full faith and credit of the United States supporting such obligation.