{"identifier":"/us/usc/t42/s1320b\u201315","title":42,"num":"\u00a7\u202f1320b\u201315.","heading":"Protection of social security and medicare trust funds","text":"\u00a7\u202f1320b\u201315.\nProtection of social security and medicare trust funds\n(a)\nIn general\nNo officer or employee of the United States shall\u2014\n(1) 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,\n(2) refrain from the investment in public debt obligations of amounts in any Federal fund, or\n(3) 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.\n(b)\n\u201cPublic debt obligation\u201d defined\nFor purposes of this section, the term \u201cpublic debt obligation\u201d means any obligation subject to the public debt limit established under\nsection 3101 of title 31\n(c)\n\u201cFederal fund\u201d defined\nFor purposes of this section, the term \u201cFederal fund\u201d means\u2014\n(1) the Federal Old-Age and Survivors Insurance Trust Fund;\n(2) the Federal Disability Insurance Trust Fund;\n(3) the Federal Hospital Insurance Trust Fund; and\n(4) the Federal Supplementary Medical Insurance Trust Fund.","url":"https://projectusc.org/usc/t42/s1320b\u201315.html","content":[{"t":"sec","id":"/us/usc/t42/s1320b\u201315","children":[{"t":"num","text":"\u00a7\u202f1320b\u201315."},{"t":"heading","text":"Protection of social security and medicare trust funds"},{"t":"subsec","id":"/us/usc/t42/s1320b\u201315/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"chapeau","text":"No officer or employee of the United States shall\u2014"},{"t":"para","id":"/us/usc/t42/s1320b\u201315/a/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" 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,","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t42/s1320b\u201315/a/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" refrain from the investment in public debt obligations of amounts in any Federal fund, or","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t42/s1320b\u201315/a/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" 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.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t42/s1320b\u201315/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"\u201cPublic debt obligation\u201d defined"},{"t":"content","children":[{"t":"p","text":"For purposes of this section, the term \u201cpublic debt obligation\u201d means any obligation subject to the public debt limit established under ","children":[{"t":"ref","text":"section 3101 of title 31","href":"/us/usc/t31/s3101","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t42/s1320b\u201315/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"\u201cFederal fund\u201d defined"},{"t":"chapeau","text":"For purposes of this section, the term \u201cFederal fund\u201d means\u2014"},{"t":"para","id":"/us/usc/t42/s1320b\u201315/c/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" the Federal Old-Age and Survivors Insurance Trust Fund;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t42/s1320b\u201315/c/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" the Federal Disability Insurance Trust Fund;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t42/s1320b\u201315/c/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" the Federal Hospital Insurance Trust Fund; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t42/s1320b\u201315/c/4","children":[{"t":"num","text":"(4)"},{"t":"content","text":" the Federal Supplementary Medical Insurance Trust Fund.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}