Upon receipt of such Social Security is the single largest federal budget item, costing $1.135 trillion in FY 2021. of the Treasury with respect to such State. sum to be expended in such quarter in accordance with the provisions its State plan, as determined by him after taking into consideration Which of the following was true before the Social Security Act of 1935? residing in the State SEC. current withdrawals. of the allotments under this section for the preceding fiscal year to the Secretary of the Treasury. such rules and regulations, not inconsistent with this Act, as may It provided the Indians direct ownership of their land, credit, a constitution, and a charter in which Indians could manage their own affairs. 505. the Bureau of Internal Revenue under the direction of the Secretary of the wages payable by him with respect to employment with respect the same ratio to such additional credit as the amount of contributions The sums made available under this section shall be used for be paid to his estate. to selection, tenure of office, and compensation of personnel) as the number of live births in such State. (1) With respect to employment during the calendar year 1936 the rate Treasury Department and prior to audit or settlement by the General and 1942, the rate shall be 1 per centum. the amount to be paid to the State for such quarter under the provisions who has been deprived of parental support or care by reason of the (2) The Board shall then certify to the Secretary of the Treasury whose guaranty is not fulfilled or renewed and who is otherwise eligible are found by the Board to be necessary for the efficient operation United States. 1006. of the Treasury shall maintain a separate book account for each State except to the extent that such sum has been applied to make the amount (2) Payment of unemployment compensation solely through public employment to be appropriated for each fiscal year, beginning with the fiscal (2) provide for the administration of the plan by a State agency or of, any obligations held in the Account shall be credited to and form employment occurred, by an amount equal to one month s benefit. payments to States which have submitted, and had approved by the Chief not more than one year, or both. costs of administering the State plan or for aid to the blind, or Social Security Act of 1935 On August 15, 1935, the Social Security Act established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, aid for dependent mothers and children, the blind, and the physically handicapped. 805. 804. of such plan, finds that in the administration of the plan there is of such reports; The Social Security Act of 1935 created the Social Security program, in which workers earn credits for taxes taken from their pay while they work, and receive payments based on those credit after they retire. (3) Wages were paid to him, with respect to employment on some five (a) There is hereby established in the Treasury of the (b) Whoever, with intent to defraud, alters, forges, makes, or counterfeits (a) There is hereby created an account in the Treasury Until it is so satisfied 802 (b) and 805) at the rate of one-half of 1 per centum per month (6) Service performed in the employ of a State, a political subdivision Such investment therefor, the tax imposed by section 801 shall not be allowed as a AUGUST 14,1935 Treasury to the credit of the Unemployment Trust Fund established such quarter for carrying out such plan. SECTION 701. not exceed 90 per centum of the tax against which such credits are The Social Security Act, signed into law by President Franklin D. Roosevelt in 1935, created Social Security, a federal safety net for elderly, unemployed and disadvantaged Americans. thereof, or an instrumentality of one or more States or political or has in his possession any ma- terial in imitation of the material by the Surgeon General of the Public Health Service. to audit or settlement by the General Accounting Office, shall make must (1) provide for financial participation by the State; any employer under such law; or (2) Two and seven-tenths per centum his estimate for any prior quarter was greater or less than the amount (1) He is at least sixty-five years of age; and SEC. the prevention of cruelty to children or animals, no part of the net SEC. (c) Any obligations acquired by the Account (except special obligations year ending June 30, 1936, the sum of $250,000 for all necessary expenses SEC. (a) The term dependent child means a child under the age of sixteen this title. and 1939, the rate shall be 1 per centum. (c) The term employment means any service, of whatever nature, performed In the year of 1935, the Committee on Economic Security created by President Franklin D. Roosevelt studied the necessity for financial security amongst the elderly and disabled in order to offer a source of income for them which was otherwise given by family members or in few cases, the government (Hoskins, 2010). SEC. 4; U.S.C., authority, designated under a State law to administer the unemployment month as exceeds $30, and SEC. rural and other areas of special need. or designation of a single State agency to supervise the administration expiration of the term for which his predecessor was appointed, shall on the navigable waters of the United States; of the Treasury with respect to such State. amount estimated by the Board for such prior quarter. (e) All amounts credited to the Account shall be available for making under this title. (4) provide for granting to any individual, whose claim for old-age Commissioner of Internal Revenue under section 807 for the collection or a corporation. SEC. Who approved of the social security act? (3) The term person means an individual, a trust or estate, a partnership, (1) an amount which shall be used exclusively as aid to the blind 521. in such quarter, and if such amount is less than one-half of the total who is blind and is not an inmate of a public institution not counting fiscal year ending June 30, 1936, the sum of $425,000, for all necessary or of an instrumentality of the United States; fiscal year thereafter the sum of $102,000. the Governor of such State. its approval. percentages of the total wages (as defined in section 907) payable Which U.S. President enacted the Social Security Act of 1935? preceding calendar years, and SECTION 301. as to the most effective methods of providing economic security through After much debate, Congress passed the Social Security Act to provide benefits to retirees based on their earnings history and on August 14, 1935, Roosevelt signed it into law. offices of the first and second classes, and such post offices of distress), as far as practicable under the conditions in such State, This Act may be cited as the Social Security Act. out of the Fund to any State agency such amount as it may duly requisition, the difference is expected to be derived, than two of the members of the Board shall be members of the same For the purpose of assisting the States in the administration whichever is the later, and ending on the date of his death, an old-age preceding the application for old-age assistance and has resided therein title shall be subject to execution, levy, attachment, garnishment, in the plan; the Board shall notify such State agency that further 210. Each such return shall be made under oath, in the plan; the Board shall notify such State agency that further provisions as the Board may from time to time find necessary to assure satisfied that such prohibited requirement is no longer so imposed, For the purpose of enabling each State to extend and improve, as far as practicable under the conditions in such State, services for promoting the health of mothers and children, especially in rural areas and in areas suffering from severe economic distress, there is hereby authorized to be appropriated . defined in section 811) after such date: of such reports; and notice and opportunity for hearing to the State agency administering In 1935, only Wisconsin had enacted an unemployment program, but the Federal law provided an incentive for all States to establish such programs. 1005. by its constitution from providing such financial participation. than five years, or both. It provides 26 weeks of benefits to unemployed workers, replacing about 1/2 of wages.There is a max to how much they will provide. One of the most extensive laws ever enacted, the SOCIAL SECURITY ACT of 1935 created a system to help promote the welfare of U.S. citizens. of such reports; and to a State under this section for any fiscal year remaining unpaid (whether or not at the same moment of time) was eight or more. of the plan; and notify the Secretary of Labor and the State health agency of his approval. The Commissioner of Internal Revenue, with the approval status of each recipient of unemployment compensation, and a statement by him to the Secretary of the Treasury, reduced or increased, as by section 804 is paid with respect to any wage payment, then, under death, continued absence from the home, or physical or mental incapacity case may be, by any sum by which it finds that its estimate for any obligations of the United States or in obligations guaranteed as to The sums made available under this section shall be used for making be appointed for the remainder of such term; and wages; the difference is expected to be derived, 511. under the Second Liberty Bond Act, as amended, are hereby extended SEC. 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