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House passes resolution urging congressional consideration of Social Security privatization amid heated debate
Utah House of Representatives · February 2, 2005
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Summary
House Resolution 3, urging congressional consideration of voluntary Social Security privatization, passed after a contentious floor debate in which supporters framed privatization as 'ownership' and opponents warned of market risks and impacts on vulnerable beneficiaries.
The Utah House passed House Resolution 3, a nonbinding statement urging Congress to consider privatizing Social Security through voluntary personal accounts. Representative Morley, sponsor, characterized the proposal as voluntary and aimed at offering "ownership" to participants; he said…
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