§9602 Management of Trust Funds

Summary

The Secretary of the Treasury must hold each Trust Fund set up under subchapter A. After consulting any other trustees, the Secretary must report to Congress each year on the fund’s finances and operations for the preceding fiscal year and on expected finances and operations for the next 5 fiscal years. That report must be printed as a House document for the same session of Congress. The Secretary must invest any part of a Trust Fund that is not needed for current withdrawals only in interest-bearing obligations of the United States. Those obligations may be bought at original issue at the issue price or bought later on the market at the market price. The Secretary may sell obligations at the market price. Interest and proceeds from sales or redemptions must be credited back to the same Trust Fund.