Subsection (g)(2) of section 3806 of title 31, United States Code, is amended, by striking Secretary of Health and Human Services and inserting Commissioner of Social Security; and, by striking Federal Old-Age and Survivors Insurance Trust Fund and inserting Social Security Trust Fund; and. the justifications described in paragraph (2)(B), (including any amendments made to such justifications after the public hearings conducted pursuant to paragraph (2)(A)); any findings made by the Commissioner pursuant to the public hearings; the status of any appeals regarding the closure, consolidation, or new limitation on access which were commenced pursuant to paragraph (4) before the date of the report; the final decision of the Commissioner regarding the closure, consolidation, or new limitation on access; and. Section 202(e)(2)(A) of such Act (42 U.S.C. Clarifying the requirement to mail Social Security account statements, Section 1143 of the Social Security Act (42 U.S.C. This is the one from the 117th Congress. Your note is for you and will not be shared with anyone. Increasing threshold amounts and rate for inclusion of Social Security benefits in income. in subsection (b)(2), by striking Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund and inserting Social Security Trust Fund; by striking Secretary of Health, Education, and Welfare each time it appears and inserting Commissioner of Social Security; and, by striking Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, each time it appears and inserting Social Security Trust Fund; and. Section 202(d)(7)(D) of such Act (42 U.S.C. Paragraph (1) shall not be applicable in the case of any monthly benefit or lump-sum death payment if a larger such benefit or payment, as the case may be, would be payable without its application. 655(a)) is amended by striking Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds and inserting Social Security Trust Fund. subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills). Preventing an unintended drop in benefits relating to the application of the National Average Wage Index. Launched in 2004, GovTrack helps everyone learn about and track the activities of the United States Congress. No credit shall be determined under section 31(b) with respect to any employee for any taxable year unless the amount described in subsection (a)(1) with respect to wages received during the calendar year in which such taxable year begins exceeds the amount described in subsection (a)(2) with respect to such wages, and the amount of such credit so determined shall not exceed such excess. in clause (ii), by striking and at the end; in clause (iii), by inserting and at the end; and. Currently, SSA makes this information available only on its website mySSA.com for those under 60. Rep. John Larson [D-CT1] Congress.gov, the official portal of the United States Congress. in section 221(f), by striking Trust Funds and inserting Trust Fund; in the section heading, by striking Trust Funds and inserting Trust Fund; in paragraph (1), by striking to the end that savings will accrue to the Trust Funds as a result of rehabilitating such individuals, there are authorized to be transferred from the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund and inserting to the end that savings will accrue to the Trust Fund as a result of rehabilitating such individuals, there are authorized to be transferred from the Social Security Trust Fund; and. For purposes of this subsection, the term remuneration does not include remuneration referred to in any paragraph of subsection (a). The new 2021 version of the legislation the Social Security 2100 Act: A Sacred Trust reflects two maxims of the current political climate: 1) no tax increases for those earning less. Section 201(c) of the Social Security Act, as amended by subsection (b) of this section, is further amended in the matter preceding paragraph (1) by striking the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (hereinafter in this title called the Trust Funds) and inserting the Social Security Trust Fund (in this title referred to as the Trust Fund). Section 202(d)(1)(E) of such Act (42 U.S.C. We are also still on Instagram at @govtrack.us posting 60-second summary videos of legislation in Congress. The alternative minimum amount determined under this clause is the applicable percentage of 1/12 of the annual dollar amount determined under clause (iii) for the year in which the amount is determined. Sec. To protect our Social Security system and improve benefits for current and future generations. It uses the additional revenue to increase Social Security's modest benefits and keep the program strong through the end of the century and beyond. Notwithstanding the preceding sentence, in any case in which the Secretary of the Treasury determines that the assets of the Trust Fund would otherwise be inadequate to meet the Trust Fund's obligations for any month, the Secretary of the Treasury shall transfer to the Trust Fund on the first day of such month the total amount which would have been transferred to the Trust Fund under this section as in effect on October 1, 1990; and the Trust Fund shall pay interest to the general fund on the amount so transferred on the first day of any month at a rate (calculated on a daily basis, and applied against the difference between the amount so transferred on such first day and the amount which would have been transferred to the Trust Fund up to that day under the procedures in effect on January 1, 1983) equal to the rate earned by the investments of the Trust Fund in the same month under subsection (d). Add a note about this bill. Section 202 of the Social Security Act (42 U.S.C. This provision would only affect the top 0.4% of wage earners. The bill would apply the Social Security payroll tax of 12.4 percent, split equally between employees and employers, to earnings and self-employment income above $400,000. by striking subclauses (II) and (III) and inserting the following: the portion of such costs which should have been borne by the Social Security Trust Fund. The intentions are admirable in Social Security 2100: A Sacred Trust, but it's not enough alone to repair. in the flush matter following subparagraph (E)(ii), as so redesignated, by striking or becomes entitled to an old-age insurance benefit and all that follows through such deceased individual,; Except as provided in subsection (k)(5), subsection (q), and subparagraph (D) of this paragraph, such widowers insurance benefit for each month shall be equal to the greater of. subject to paragraph (9), in the case of a fully insured widower or surviving divorced husband, 75 percent of the sum of any old-age or disability insurance benefit for which the widower or the surviving divorced husband is entitled for such month and the primary insurance amount (as determined for purposes of this subsection after application of subparagraphs (B) and (C)) of such deceased individual. Title II of the Social Security Act is amended by adding after section 234 (42 U.S.C. 402(c)(2)) is amended by striking subsections (k)(5) and (q) and inserting subsection (q). In the case of compensation (as defined in section 3231(e)), for purposes of applying subsections (a) and (b), the reference to the tax that would have been imposed by section 3101(a) shall be treated as including a reference to so much of the tax that would have been imposed on such compensation under section 3201(a) or 3211(a) (or would have been so imposed but for paragraph (2) of section 3231(e)) as is determined by reference to the rate of tax in effect under section 3101(a). 1301 et seq.) In the case of a qualified beneficiary who is entitled to two or more monthly insurance benefits under this title for the same month, the earliest applicable date of eligibility for such beneficiary with respect to such benefits shall be treated as the applicable date of eligibility for such beneficiary for the purposes of this subsection; and. Log in and 402(e)) is amended. Sec. The amounts appropriated by paragraphs (1) and (2) shall be transferred from time to time from the general fund in the Treasury to the Social Security Trust Fund, such amounts to be determined on the basis of estimates by the Secretary of the Treasury of the taxes, specified in paragraphs (1) and (2), paid to or deposited into the Treasury; and proper adjustments shall be made in amounts subsequently transferred to the extent prior estimates were in excess of or were less than the taxes specified in such paragraphs (1) and (2). Section 215(i)(1) of the Social Security Act (42 U.S.C. H.R. Section 202(d)(7)(B) of such Act (42 U.S.C. 415(i)(4)) is amended by inserting and by section 102 of Social Security 2100: A Sacred Trust after 1986. The preceding sentence shall not apply to that part of the remuneration paid to an individual after remuneration of $400,000 with respect to employment has been paid to such individual by an employer (or any person related to, or acting on behalf of, such employer, as determined by the Secretary) during the calendar year. Proper adjustments shall be made in the amounts subsequently transferred to the extent prior estimates were in excess of or less than the amounts required to be transferred. This is a project of Civic Impulse, LLC. 2. As seniors and individuals with disabilities struggle to afford the costs of food, housing, and prescription drugs, this bill expands benefits and protections for millions of Americans. Title VII of the Social Security Act (42 U.S.C. We love educating Americans about how their government works too! 82, Larson Commends President Bidens Calls to Protect and Expand Social Security. Please join our advisory group to let us know what more we can do. Section 202(d)(1)(G) of such Act (42 U.S.C. by striking subparagraphs (B) and (C) and inserting subparagraph (B) and subparagraph (C) or paragraph (9) (as applicable). More accurate cost-of-living adjustment. Subcommittee on Social Security (Committee on Ways and Means) Tuesday, December 7, 2021 (1:00 PM) 1100 LHOB Washington, D.C. Thank you for joining the GovTrack Advisory Community! "Social Security 2100: A Sacred Trust" is a plan to improve and increase benefits, protect against inflation, and strengthen the Social Security Trust Fund. H.R. Feb 20, 2023. 402(e)(2)(A)) is amended by striking subsection (k)(5), subsection (q), and inserting subsection (q). 2021. |title=H.R. Bowman, Mr. Brown, Ms. Brownley, Mrs. Bustos, Mr. Butterfield, Mr. Carbajal, Mr. Crdenas, Mr. Carson, Mr. Carter of Louisiana, Mr. Cartwright, Mr. Case, Mr. Casten, Ms. Castor of Florida, Mr. Castro of Texas, Mr. Cicilline, Ms. Clark of Massachusetts, Ms. Clarke of New York, Mr. Cleaver, Mr. Cohen, Mrs. Watson Coleman, Mr. Connolly, Mr. Cooper, Mr. Correa, Ms. Ocasio-Cortez, Mr. Costa, Ms. Craig, Mr. Crist, Mr. Crow, Mr. Cuellar, Ms. Dean, Mr. DeFazio, Ms. DeGette, Mrs. Demings, Mr. DeSaulnier, Mr. Deutch, Mrs. Dingell, Mr. Michael F. Doyle of Pennsylvania, Ms. Escobar, Ms. Eshoo, Mr. Espaillat, Ms. Leger Fernandez, Mr. Foster, Ms. Lois Frankel of Florida, Mr. Gallego, Mr. Garamendi, Mr. Garca of Illinois, Ms. Garcia of Texas, Mr. Vicente Gonzalez of Texas, Mr. Green of Texas, Mr. Grijalva, Mr. The requirements of this paragraph are met in connection with a closure, consolidation, or new limitation on access referred to in paragraph (1) only if. the anticipated savings resulting from the closure, consolidation, or limitation on access; the anticipated costs associated with replacing services lost by the closure, consolidation, or limitation on access; the anticipated effects on employees of the offices affected; how the loss of access resulting from the closure, consolidation, or limitation on access will be replaced by the establishment of a new field or hearing office, increased access at a different office, or some other means, and the factors considered by the Commissioner in determining how to replace such lost access; and. Another piece of legislation, Social Security 2100: A Sacred Trust, is sponsored by Rep. John Larson (D-CT). Approximately 5 million seniors on Social Security are living in poverty. Improved inflation protection will especially help older retirees, people of color, and widows who are more likely to rely on Social Security benefits as they age. Recomputation of primary insurance amounts, Notwithstanding section 215(f) of the Social Security Act, the Commissioner of Social Security shall recompute primary insurance amounts to the extent necessary, to carry out the amendments made by this section; and. Legislation not passed by the end of a Congress is cleared from the books. (2023). Cessation of moratorium upon report to Congress, Paragraph (1) shall cease to be effective 180 days after the Commissioner submits to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate a detailed report outlining and justifying the process for selecting field or hearing offices to be closed or consolidated or otherwise to have limited access. Elimination of work-related termination of hospital insurance benefits. Crediting of interest and proceeds to Trust Funds. The Board of Trustees of the Social Security Trust Fund created by the amendment made by subsection (a) shall be a continuous body with the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund in operation prior to the effective date of such amendment. by inserting after subparagraph (C) the following new subparagraph: Effective with respect to the benefits of individuals who become eligible for old-age insurance benefits or disability insurance benefits (or die before becoming so eligible) after 2021, no primary insurance amount computed under subparagraph (A) may be less than the greater of, the minimum monthly amount computed under subparagraph (C); or. ; in subsection (e)(2)(A), by striking subsection (k)(5), subsection (q), and subparagraph (D) of this paragraph and inserting subsection (k)(5), subsection (q), subsection (aa), and subparagraph (D) of this paragraph; in subsection (f)(2)(A), by striking subsection (k)(5), subsection (q), and subparagraph (D) of this paragraph and inserting subsection (k)(5), subsection (q), subsection (aa), and subparagraph (D) of this paragraph; in subsection (g)(2), by striking Such and inserting Except as provided in subsections (k)(5) and (aa), such; in subsection (h)(2)(A), by inserting and subsection (aa) after subparagraphs (B) and (C); and. To protect our Social Security system and improve benefits for current and future generations. The bill was not enacted into law. 415(a)(1)(A)(i)) is amended by striking 90 percent and inserting 93 percent. by inserting or a qualifying post-secondary school student before during any period; by inserting or, in the case of a qualifying post-secondary school student, any period of nonattendance at a post-secondary educational institution at which the individual has been in at least half-time attendance after full-time attendance; and. 402(d)(1)(G)(i)) is amended by striking the earlier of and all that follows through substantial gainful activity), and inserting the third month following the earliest month after the end of such period of trial work with respect to which such individual is determined to no longer be suffering from a disabling physical or mental impairment,. The amounts appropriated by paragraph (2) to any payor fund shall be transferred from time to time (but not less frequently than quarterly) from the general fund of the Treasury on the basis of estimates made by the Secretary of the Treasury of the amounts referred to in such paragraph. Its an open protocol, which means it does not have an owner using the platform President Biden ran on a promise to strengthen Social Security and increase benefits. Section 202(k) of the Social Security Act (42 U.S.C. The "bill is a substantial downgrade from 2019's Social Security 2100 Act, which we've praised as a responsible solution to Social Security's financial troubles. For calendar years 2044 through 2046, 2.0 percent. Rep. John B. Larson (D-Conn.), who is chairman of the House Ways and Means Social Security Subcommittee, has introduced Social Security 2100: A Sacred Trust, a bill that aims to strengthen the . Including earnings over $400,000 in Social Security benefit formula, Inclusion of earnings over $400,000 in determination of primary insurance amounts, Section 215(a)(1)(A) of the Social Security Act (42 U.S.C. 402) is amended by adding at the end the following new subsection: Increase in benefit amounts on account of long-Term eligibility. Harder of California, Ms. Houlahan, Mr. Huffman, Ms. Jacobs of California, Ms. Jayapal, Mr. Jeffries, Mr. Johnson of Georgia, Ms. Johnson of Texas, Mr. Jones, Mr. Kahele, Ms. Kaptur, Mr. Keating, Ms. Kelly of Illinois, Mr. Khanna, Mr. Kilmer, Mr. Kim of New Jersey, Mrs. Kirkpatrick, Ms. Kuster, Mr. Lamb, Mr. Langevin, Mr. Larsen of Washington, Mrs. Lawrence, Mr. Lawson of Florida, Ms. Jackson Lee, Ms. Lee of California, Mr. Levin of Michigan, Mr. Levin of California, Mr. Lieu, Ms. Lofgren, Mr. Lowenthal, Mr. Lynch, Mr. Malinowski, Mr. Sean Patrick Maloney of New York, Mrs. Carolyn B. Maloney of New York, Ms. Manning, Ms. Matsui, Ms. McCollum, Mr. McEachin, Mr. McGovern, Mr. McNerney, Mr. Meeks, Ms. Meng, Mr. Mfume, Mr. Morelle, Mr. Moulton, Mr. Mrvan, Mr. Nadler, Mrs. Napolitano, Mr. Neguse, Ms. Newman, Mr. San Nicolas, Mr. Norcross, Ms. Norton, Ms. Omar, Mr. Pallone, Mr. Payne, Mr. Perlmutter, Mr. Phillips, Ms. Pingree, Mr. Pocan, Ms. Porter, Ms. Pressley, Mr. Price of North Carolina, Mr. Quigley, Mr. Raskin, Ms. Blunt Rochester, Ms. Ross, Mr. Ruiz, Mr. Ruppersberger, Mr. the aggregate tax imposed by such section with respect to such wages. Sec. Section 255(g)(1)(A) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. The Social Security 2100: A Sacred Trust Act ( H.R. By joining our advisory group, you can help us make GovTrack more useful and engaging to young voters like you. 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