Social Security Act

Examples of Social Security Act in the following topics:

• Social Security Legislation

  • OASDI was established under the original Social Security Act, passed in 1935.
  • Prior to 1935 and the passage of the Social Security Act, social security did not exist in the United States.
  • The Social Security Act was drafted during President Franklin Delano Roosevelt's administration as part of his response to the damage caused by the crash .
  • President Roosevelt signs the Social Security Act, at approximately 3:30 pm EST on August 14, 1935.
  • This is a brief excerpt of President Roosevelt's speech during the signing of the Social Security Act of 1935

• Social Security and Tax Reform

  • The United States was the only modern industrial country where people faced the Depression without any national system of social security.
  • The most important program of 1935, and perhaps the New Deal as a whole, was the Social Security Act, drafted by Francis Perkins.
  • It established a permanent system of universal retirement pensions (Social Security), unemployment insurance, and welfare benefits for the handicapped and needy.
  • With those taxes in there, no damn politician can ever scrap my social security program. "
  • Compared with the social security systems in western European countries, the Social Security Act of 1935 was rather conservative.

• Legislative Achievements of the Second New Deal

  • The two major legislative achievements of the Second New Deal were the National Labor Relations Act (NLRA) and the Social Security Act.
  • The act was immediately controversial.
  • The Social Security Act, enacted August 14, 1935, was another significant achievement of the New Deal.
  • It was a legislative act which created the Social Security system in the United States.
  • The Social Security Act was drafted during Roosevelt's first term by the President's Committee on Economic Security, under Frances Perkins, and passed by Congress as part of the New Deal.

• The Second New Deal

  • The United States was the only modern industrial country where people faced the Depression without any national system of social security.
  • The most important program of 1935 was the Social Security Act drafted by Francis Perkins.
  • It established the framework of the American welfare system as a permanent system of universal retirement pensions (Social Security), unemployment insurance and welfare benefits.
  • Compared to the social security systems in western European countries, the Social Security Act of 1935 was rather conservative.
  • In 1935, Roosevelt called for the Wealth Tax Act (Revenue Act of 1935) to redistribute wealth.

• The Elderly

  • Within the United States, senior citizens are at the center of several social policy issues, most prominently Social Security and Medicare.
  • Social security is a social insurance program consisting of retirement, disability, and survivors' benefits.
  • The Social Security Administration was set up in 1935 as part of President Franklin D.
  • In 2010, more than 54 million Americans received approximately $712 billion in Social Security benefits
  • In 1965, Congress created Medicare under Title XVIII of the Social Security Act to provide health insurance to people age 65 and older, regardless of income or medical history.

• Social Insurance

  • In the United States, Social Security, Medicare, and unemployment insurance are among the most well-known forms of social insurance.
  • Social Security in the U.S. is primarily the Old-Age, Survivors, and Disability Insurance (OASDI) federal insurance program.
  • Social Security is funded through payroll taxes called Federal Insurance Contributions Act tax (FICA) and/or Self Employed Contributions Act Tax (SECA).
  • Social Security provides monetary benefits to retirees, their spouses and surviving dependent children, and disabled workers .
  • Social Security is one of the best-known social insurance programs in the United States.

• Aging and Wealth

  • In addition to Social Security, the other primary social support for the American elderly is Medicare.
  • Social Security could soon be in crisis if current trends to not change.
  • Medicare faces even more dire financial problems than Social Security.
  • The respective conditions of Social Security and Medicare contributed significantly to the discussion surrounding the Patient Protection and Affordable Care Act, passed by President Barack Obama in 2010.
  • Supreme Court and the Act could be overturned.

• National Security Policy

  • The concept of national security became an official guiding principle of US foreign policy when the National Security Act of 1947 was signed on July 26, 1947, by President Harry S.
  • Together with its 1949 amendment, this act instantiated important organizations dedicated to American national security, such as the precursor to the Department of Defense.
  • Political security concerns the stability of the social order, and refers to policies related to diplomacy, negotiation, and other interactions.
  • Many are concerned that if national security policies are not subject to good governance, the rule of law, or strict checks and balances, that there is a risk that "national security policy" may simply serve as a pretext for suppressing unfavorable political and social views.
  • Government courtesy of the US Patriot Act of 2001. " The PATRIOT Act is an example of the tension between protecting national security and promoting citizen's rights.

• Privacy Rights and National Security

  • Truman signed the National Security Act of 1947 on July 26, 1947.
  • Together with its 1949 amendment, this act stood as the precursor to the Department of Defense.
  • The Act did not define national security.
  • National Security Act of 1947 was set up to advise the President on the integration of domestic, military and foreign policies relating to national security.
  • The concern is that where the exercise of national security laws is not subject to good governance, the rule of law, and strict checks and balances, national security may simply serve as a pretext for suppressing unfavorable political and social views.

• Securities Exchange Act of 1934

  • The Securities Exchange Act of 1934 is a law governing the secondary trading of securities, financial markets and their participants.
  • The Securities Exchange Act of 1934 (also called the Exchange Act, '34 Act, or Act of '34) is a law governing the secondary trading of securities, including stocks, bonds, and debentures, in the United States of America.
  • While the Securities Act is very limited in scope, the Securities Exchange Act (also known as the Exchange Act or 1934 Act) is much broader.
  • The '34 Act also regulates broker-dealers without a status for trading securities.
  • Define how the Securities Exchange Act of 1934 regulates the US securities markets