PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Social Security.
Congressional Research Service
Version 00 · Introduced in House · Feb 10, 2005
Expresses the sense of the Congress that any legislation establishing individual accounts as part of, or supplemental to, Social Security which is favorably considered by the Congress should: (1) specify fiduciary responsibilities for the account managers and other fiduciaries in connection with such accounts; and (2) provide for liability and penalties for failure to meet such responsibilities.
Expresses the sense of the Congress that any legislation specifying such fiscal responsibilities, and providing for such liability and penalties, should be at least as comprehensive in relation to such individual accounts as are requirements of certain Federal civil service law in relation to accounts maintained for Members of Congress and Federal employees under the Thrift Savings Plan.
People & committees
Rep. Clay, Wm. Lacy [D-MO-1] · D–MO
Legislative record
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Referred to the Subcommittee on Social Security.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Feb 7, 2024. Consult Congress.gov for the current record.
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Analyze H.Con.Res.54 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.Con.Res.54 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine H.Con.Res.54 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine H.Con.Res.54 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.