Protection of social security and medicare trust funds

United States Code

Section: 1320b

Jurisdiction: US

Bluebook Citation: 42 U.S.C. § 1320b

delay the deposit of any amount into (or delay the credit of any amount to) any Federal fund or otherwise vary from the normal terms, procedures, or timing for making such deposits or credits, refrain from the investment in public debt obligations of amounts in any Federal fund, or redeem prior to maturity amounts in any Federal fund which are invested in public debt obligations for any purpose other than the payment of benefits or administrative expenses from such Federal fund. For purposes of this section, the term “public debt obligation” means any obligation subject to the public debt limit established under section 3101 of title 31. the Federal Old-Age and Survivors Insurance Trust Fund; the Federal Disability Insurance Trust Fund; the Federal Hospital Insurance Trust Fund; and the Federal Supplementary Medical Insurance Trust Fund. No officer or employee of the United States shall— For purposes of this section, the term “Federal fund” means— (Source: (Aug. 14, 1935, ch. 531, title XI, § 1145, as added Pub. L. 104–121, title I, § 107(a), Mar. 29, 1996, 110 Stat. 856.))

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