P.L. 107–134, Approved January 23, 2002 (115 Stat. 2427)

Victims of Terrorism Tax Relief Act of 2001

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TITLE III—NO IMPACT ON SOCIAL SECURITY TRUST FUNDS

SEC. 301. [42 U.S.C. 401 note]  NO IMPACT ON SOCIAL SECURITY TRUST FUNDS.

(a)  In General.—Nothing in this Act (or an amendment made by this Act) shall be construed to alter or amend title II of the Social Security Act (or any regulation promulgated under that Act).

(b)  Transfers.—

(1)  Estimate of secretary.—The Secretary of the Treasury shall annually estimate the impact that the enactment of this Act has on the income and balances of the trust funds established under section 201 of the Social Security Act (42 U.S.C. 401).

(2)  Transfer of funds.—If, under paragraph (1), the Secretary of the Treasury estimates that the enactment of this Act has a negative impact on the income and balances of the trust funds established under section 201 of the Social Security Act (42 U.S.C. 401), the Secretary shall transfer, not less frequently than quarterly, from the general revenues of the Federal Government an amount sufficient so as to ensure that the income and balances of such trust funds are not reduced as a result of the enactment of this Act.

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[Internal Reference.—SSAct §201 heading has a footnote referring to P.L. 107-134.]