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<PRE>[DOCID: f:h4022ih.txt]






107th CONGRESS
  2d Session
                                H. R. 4022

  To enact into law Reform Model 1 as set forth in the report of the 
         President's Commission to Strengthen Social Security.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 20, 2002

  Mr. Matsui (for himself, Mr. Gephardt, Ms. Pelosi, and Mr. Rangel) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To enact into law Reform Model 1 as set forth in the report of the 
         President's Commission to Strengthen Social Security.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ENACTMENT INTO LAW OF REFORM MODEL 1 AS SET FORTH IN THE 
              REPORT OF THE PRESIDENT'S COMMISSION TO STRENGTHEN SOCIAL 
              SECURITY.

    The provisions of Reform Model 1 as set forth in the report of the 
President's Commission to Strengthen Social Security entitled 
``Strengthening Social Security and Creating Personal Wealth for All 
Americans'', dated December 21, 2001, are hereby enacted into law. The 
provisions of the Social Security Act, the Internal Revenue Code of 
1986, and related provisions of law are hereby superseded to the extent 
necessary to provide for the operation of such Reform Model 1.

SEC. 2. REGULATIONS.

    Not later than the effective date set forth in section 3, the 
Commissioner of Social Security and the Secretary of the Treasury shall 
prescribe such regulations as are necessary to carry out the provisions 
of section 1.

SEC. 3. EFFECTIVE DATE.

    Section 1 shall take effect 180 days after the date of the 
enactment of this Act.
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