If signed into law, the Social Security and Medicare Lock-Box Act would safeguard the Social Security and Medicare Part A Trust Funds and prevent lawmakers from using the monies for unrelated purposes. It would also establish a commission to determine alternative forms of investment for the surplus funds.
Rep. Tim Walberg (MI-7) introduced H.R. 1517 on April 11, 2013. The bill has been referred to the House Committee on Ways and Means, where it is awaiting further action.