Ed Royce: “I am firmly committed to protecting Social Security for current recipients and for those who will be retiring in the…”

“I am firmly committed to protecting Social Security for current recipients and for those who will be retiring in the near future. So, I want to thank the Chairman of the Subcommittee on Social Security, Mr. Shaw for his efforts to strengthen the financial security of our Nation's retirement system. I support the Social Security Protection Act, and I was pleased to support this bill when it passed the House unanimously last year. It is unfortunate that the House and Senate couldn't work out a final version before the end of the 107th Congress. This bill stops fugitive felons from receiving benefits. The CBO estimates we will pay over $500 million to fugitive felons over the next 10 years from the Social Security trust funds. The Social Security Administration appoints representatives payees for many beneficiaries to help manage their financial affairs when they are not able. This bill protects these beneficiaries from representative payees who may misuse their benefits. Mr. Speaker, this bill helps put the Security back in Social Security and I look forward to its passage.”