§9602 Management of Trust Funds

Summary

The Treasury Secretary must hold each Trust Fund created under subchapter A and, after talking with any other trustees, send Congress a yearly report. The report must cover the fund’s finances and what happened in the last fiscal year and must forecast the fund’s condition and operations for the next 5 fiscal years. That report must be printed as a House document for the session of Congress that receives it. The Treasury must invest any part of a Trust Fund that is not needed for current withdrawals only in interest‑paying U.S. government obligations. Those securities may be bought on original issue at the issue price or bought on the market at the market price. The Treasury may sell any such obligation at the market price. Interest and money from sales or redemptions must be returned to the same Trust Fund.