President George W. Bush's social security reform proposal was narrowly defeated on the Senate floor in late 2005.

Name: President George W. Bush's social security reform proposal was narrowly defeated on the Senate floor in late 2005.
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President George W. Bush's Social Security reform proposal, which included partial privatization, never came to a vote on the Senate floor. It faced significant opposition and was not able to gain enough support to be brought to a vote.