From:
http://www.latimes.com/news/nationworld/nation/la-na-social27aug27,1,5744463.storyThe House is expected to act first. Thomas has pushed for legislation that is in the form of a three-legged stool, with one leg for restructuring private pension oversight, one for providing new tax incentives for private savings and the third for overhauling Social Security. Rep. Jim McCrery (R-La.) is a co-sponsor of the bill to start individual accounts with the temporary Social Security surplus, but Thomas is not.
For advocates of individual accounts, the Senate will be a tougher sell than the House. Republicans have an edge of 11 to 9 on the Finance committee, and at least one Republican member, Olympia Snowe of Maine, has come out against individual accounts.
Perhaps that roadblock could be circumvented. DeMint said Senate Majority Leader Bill Frist (R-Tenn.) had told senators that if the House passed a version of DeMint's bill to finance individual accounts out of surplus payroll tax revenues, Frist would bypass the Finance Committee and send the bill straight to the Senate floor. But if the House sent the Senate a more complicated bill akin to Thomas' three-legged stool, Frist might feel obligated to give the Finance Committee a shot at it.