2005 OASDI Trustees Report
III. FINANCIAL OPERATIONS OF THE TRUST FUNDS AND LEGISLATIVE CHANGES IN THE LAST YEAR
Since the 2004 Annual Report was transmitted to Congress on March 23, 2004, there has been no legislation enacted that would have a significant effect on the financial status of the OASDI program. However, as stated in the 2004 Annual Report, the Social Security Protection Act of 2004, Public Law 108-203, was enacted March 2, 2004, too late for the inclusion of the projection of its financial effects in that report. Those effects, which are estimated to be negligible over the long-range period as a whole, are included in this report. The provisions to deny Social Security benefits to fugitive felons and persons fleeing prosecution, to cap the assessment for SSA processing attorney fees, and to transfer overdue taxes on deemed wage credits for military service have the most significant financial effects on the OASDI program.