Section 121(e) of the Social Security Amendments of 1983 (42 U.S.C. The bill was not enacted into law. Section 202(d)(1)(E) of such 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. 409(k)) is amended, in paragraph (1), by inserting and to paragraph (4) after paragraph (2); and. 905(g)(1)(A)) is amended by striking Payments to Social Security Trust Funds and inserting Payments to the Social Security Trust Fund. Increases benefits across the board and improves the COLA, minimum benefits, and benefits . Democratic U.S. Rep. John Larson of Connecticut spoke Oct. 26 at the introduction of the Social Security 2100 Act. in the section heading, by striking Federal Old-Age and Survivors Insurance Trust Fund and inserting Social Security Trust Fund; and. Establishing the Social Security Trust Fund. 5723, 117th Cong. Reducing Benefits for High Earners. Subsections (e)(2) and (f)(2) of section 202 of such Act (42 U.S.C. Sec. Youve cast your vote. Social Media Child Protection Act would ban children younger than 16 from platforms like TikTok, REAL House Act, Equal Voice Act would each increase number of House of Representatives members, Standing with Moms Act would create Life.gov website of anti-abortion information for pregnant, Larson Statement on Social Security Trustees Report, Cicilline Hosts Social Security Day Of Action, Larson Commends Tri-Caucus and Task Force on Aging and Families Leadership Calling for Vote on Social Security 2100: A Sacred Trust. Sponsor and status John Larson Sponsor. 415(e)(1)), by inserting and before 2022 after after 1974. Please sign up for our advisory group to be a part of making GovTrack a better tool for what you do. By joining our advisory group, you can help us make GovTrack more useful and engaging to young voters like you. Section 202(e)(2)(A) of such Act (42 U.S.C. Recipients receive on average $18,500 a year. Eliminating the 5-month waiting period for disability benefits, Section 223(a) of the Social Security Act (42 U.S.C. in subsection (c)(4), by striking Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and inserting Social Security Trust Fund. Section 209(k)(1) of such Act (42 U.S.C. Specifically, 202 House Democrats have co-sponsored the Social Security 2100: A Sacred Trust (SS-AST) legislation, a dishonest proposal that promises five years of various benefit increases based. The requirement of this paragraph is met in connection with a closure, consolidation, or limitation on access referred to in paragraph (1) only if such closure, consolidation, or limitation on access will not result in the total number of field or hearing offices of the Administration falling below the total number of such offices that were in operation on September 30, 2021. In introducing his Social Security 2100: A Sacred Trust bill, Rep. Larson said that benefits must be boosted and Social Security financially fortified: "Every day, hard-working Americans contribute to this great program that has never missed a payment and stands as a hallmark to what good governance is about. 402(d)(1)(E)) is amended by inserting or a qualifying post-secondary school student after student. ; and. There are lots of pluses and minuses in the Social Security 2100: A Sacred Trust bill, the 100-page Social Security revamp introduced Tuesday by Rep. John Larson, D.-Conn., according to Wade. The section heading for section 201 of the Social Security Act is amended to read as follows: Social Security Trust Fund. Please help us make GovTrack better address the needs of educators by joining our advisory group. Section 3231(e)(2)(A) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause: For purposes of so much of the taxes imposed by sections 3201(a), 3211(a) and 3221(a) as are determined by reference to the rate in effect under section 3101(a) or 3111(a), in the case of any calendar year in which the contribution and benefit base (as determined under section 230 of the Social Security Act) is less than $400,000, clause (i) shall not apply to that part of the remuneration paid to an individual after remuneration of $400,000 for services rendered as an employee 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, and. "Social Security 2100: A Sacred Trust," authored by House Ways and Means Social Security Subcommittee Chairman John B. Larson (D-Conn.), would provide a benefit bump, protect low-income workers . The bill, Social Security 2100: A Sacred Trust, would provide a benefit increase by reworking the cost-of-living formula and providing benefits increases for those who care for a loved one. Rep. John Larson (D-Conn.), chair of the House Ways and Means Social Security Subcommittee, said the bill, dubbed Social Security 2100: A Sacred Trust, will "expand benefits and strengthen . Committee on Ways and Means . The amendments made by this section shall apply with respect to agreements entered into on or after January 1, 2022. Section 405(a) of the Congressional Budget Act of 1974 (2 U.S.C. 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. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Congress must also ensure the benefits keep up with Americans' expenses - today, tomorrow, and forever. Rep. John Larson [D-CT1] The text of the bill below is as of Oct 26, 2021 (Introduced). The bills titles are written by its sponsor. Add a note about this bill. Conforming change to national average wage index, Section 209(k) of the Social Security Act (42 U.S.C. Please help us make GovTrack better address the needs of educators by joining our advisory group. 402(d)(1)(B)) is amended to read as follows: at the time such application was filed was unmarried and. The term qualifying month does not include any month ending after the date on which such individual attains retirement age (as defined in section 216(l)). 409(k)(1)) is amended, by striking and before 230(b)(2) the first time it appears; and. Were looking to learn more about who uses GovTrack and what features you find helpful or think could be improved. 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. President Biden has called this promise a "sacred trust." It is Congress' responsibility to keep that promise and to safeguard Social Security for all Americans. in section 703(j), by striking Federal Disability Insurance Trust Fund, the Federal Old-Age and Survivors Insurance Trust Fund, and inserting Social Security Trust Fund; in section 708(c), by striking the OASDI trust fund ratio under section 201(l), after computing; in subsection (a), by striking Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund and inserting Social Security Trust Fund; and, in paragraph (1), by striking section 201(l) or; and, in paragraph (2), by striking Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund and inserting Social Security Trust Fund; and, by striking any Trust Fund specified in subsection (a) and inserting the Social Security Trust Fund; and. Section 209(k)(1) of such Act (42 U.S.C. Bill Summary. Section 6402(d)(3)(C) of the Internal Revenue Code of 1986 is amended by striking Federal Old-Age and Survivors Insurance Trust Fund or the Federal Disability Insurance Trust Fund, whichever is certified to the Secretary as appropriate by the Commissioner of Social Security and inserting Social Security Trust Fund. Holding SSI, Medicaid, and CHIP beneficiaries harmless. An individual who is not a citizen of the United States but who is a resident of the Commonwealth of Puerto Rico, the Virgin Islands, Guam, or American Samoa shall not, for purposes of this chapter, be considered to be a nonresident alien individual. 201. Mr. Larson of Connecticut (for himself, Mr. Clyburn, Mr. Neal, Mr. Doggett, Mr. Thompson of California, Mr. Blumenauer, Mr. Pascrell, Mr. Danny K. Davis of Illinois, Ms. Snchez, Mr. Higgins of New York, Ms. Sewell, Ms. DelBene, Ms. Chu, Ms. Moore of Wisconsin, Mr. Kildee, Mr. Brendan F. Boyle of Pennsylvania, Mr. Beyer, Mr. Evans, Mr. Suozzi, Mr. Panetta, Mr. Gomez, Mr. Horsford, Ms. Plaskett, Ms. DeLauro, Mr. Courtney, Mr. Himes, Mrs. Hayes, Ms. Adams, Mr. Aguilar, Ms. Roybal-Allard, Mr. Auchincloss, Ms. Barragn, Ms. Bass, Mrs. Beatty, Mr. Bera, Mr. Bishop of Georgia, Ms. Bonamici, Mr. 423(a)) is amended, in paragraph (1), in the matter following subparagraph (E), by striking (i) for each month and all that follows through under such disability, and inserting for each month beginning with the first month during all of which the individual is under a disability and in which the individual becomes entitled to such insurance benefits; and, by striking as though he had attained age 62 and all that follows through and as though and inserting as though he had attained age 62 in the first month for which he becomes entitled to such disability insurance benefits, and as though; and. Waters, Mr. Welch, Ms. Williams of Georgia, Ms. Wilson of Florida, and Mr. Yarmuth) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. For purposes of this subsection, the term qualified beneficiary for a calendar year means an individual in any case in which such calendar year is at least the 16th year beginning after the applicable year of eligibility for such individual. The criteria of this subparagraph are that. Rep. John Larson (CT-01) Bill Number(s) S. 3071. such other relevant factors as may be determined by the Commissioner, including but not limited to transportation and communication burdens faced by individuals serviced by the offices, including elderly and disabled citizens. 301. 114. 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. Data via the congress project. This would only impact those earning more than $400,000 per year in wages - or less than 2% of working Americans. Social Security Trust Fund established: Noting that Social Security provides all-in-one retirement, survivor, and disability benefits funded through the dedicated FICA contribution paid by workers, but there are technically the two trust funds, the legislation would combine the trust funds into one Social Security Trust Fund to ensure that all The Connecticut Congressman stated: "By passing Social Security 2100: A Sacred Trust, we can act now to expand our nation's most effective anti-poverty program and ensure this program remains a 'sacred trust' between the government and its people. 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. |url=https://www.govtrack.us/congress/bills/117/hr5723 March 1, 2023 . For calendar years 2038 through 2040, 1.8 percent. The US faces a retirement crisis and a modest boost in benefits strengthens the one leg of the retirement system that is universal and the most reliable: Social Security. 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. Preventing an unintended drop in benefits relating to the application of the National Average Wage Index. to account for the nonapplication of such amendments after calendar year 2026. The Social Security Trust Fund shall consist of the securities held by the Secretary of the Treasury for the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund and the amount standing to the credit of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund on the books of the Treasury on January 1 of the first calendar year beginning after the date of the enactment of section 203 of Social Security 2100: A Sacred Trust, which securities and amount the Secretary of the Treasury is authorized and directed to transfer to the Social Security Trust Fund, and, in addition, such gifts and bequests as may be made as provided in subsection (i)(1), and such amounts as may be appropriated to, or deposited in, the Social Security Trust Fund as hereinafter provided. The requirements of this paragraph are met in connection with a closure, consolidation, or limitation on access referred to in paragraph (1) only if, not later than 30 days before the date of the proposed closure, consolidation, or limitation on access, the Commissioner submits to the Committee on Ways and Means of the House of Representatives, the Committee on Finance of the Senate, and each Member of the Congress representing a State or congressional district in which the affected office or offices are located a detailed final report in support of the closure, consolidation, or limitation on access. Of the total revenue from taxation of social security benefits, there are appropriated to the Federal Hospital Insurance Trust Fund such amounts as would be transferred to such fund under section 121(e) of the Social Security Amendments of 1983 (42 U.S.C. 5723 117th Congress: Social Security 2100: A Sacred Trust. www.GovTrack.us. If you log into GovTrack using Twitter, make sure you dont lose access to your GovTrack account. by redesignating subsections (c) through (j) as subsections (b) through (i), respectively; by redesignating subsection (k) as subsection (j); and. Section 202(d)(1)(B) of the Social Security Act (42 U.S.C. A child who attains age 26 at a time when he is a qualifying post-secondary school student (as defined in subparagraph (A) of this paragraph and without application of subparagraph (B) of such paragraph) but has not (at such time) completed the requirements for, or received, a diploma or equivalent certificate from a post-secondary educational institution (as defined in subparagraph (C)(iii)) shall be deemed (for purposes of determining whether his entitlement to benefits under this subsection has terminated under paragraph (1)(F) and for purposes of determining his initial entitlement to such benefits under clause (iii) of paragraph (1)(B)) not to have attained such age until the first day of the first month following the end of the quarter or semester in which he is enrolled at such time (or, if the post-secondary educational institution (as so defined) in which he is enrolled is not operated on a quarter or semester system, until the first day of the first month following the completion of the course in which he is so enrolled or until the first day of the third month beginning after such time, whichever first occurs). Extends Social Security dependent benefitsfor students to age 26 and for part-time students so they can continue their education. We hope to enable educators to build lesson plans centered around any bill or vote in Congress, even those as recent as yesterday. Sec. Definition of excess average indexed monthly earnings, Section 215(b) of the Social Security Act (42 U.S.C. Section 202(d)(6)(D) of such Act (42 U.S.C. The amendments made by this section shall apply with respect to applications for monthly insurance benefits filed in months in calendar years 2022 through 2026 and with respect to individuals entitled to such benefits during any such month, except that such amendments shall not apply for purposes of determining continuing eligibility or monthly benefit amounts for monthly insurance benefits for any month after calendar year 2026. The Your note is for you and will not be shared with anyone. in section 1841(f), by striking Federal Old-Age and Survivors Insurance Trust Fund and from the Federal Disability Insurance Trust Fund and inserting Social Security Trust Fund. Governor Susan Bysiewicz, Hartford Mayor Luke Bronin, and my legislative colleagues as our Federal elected officials announced Social Security 2100: A Sacred Trust, proposed legislation that would: Provide an increase for all . Section 202(d)(1) of the Social Security Act (42 U.S.C. If you can, please take a few minutes to help us improve GovTrack for users like you. 108. Protects low-income workers Five million seniors currently live in poverty. on this bill on a six-point scale from strongly oppose to strongly support. The Social Security 2100: A Sacred Trust Act ( H.R. Sponsor. Democrats will keep fighting in Congress to improve solvency and. 402(d)(7)(D)) is amended. 415(a)(1)(A)(i)) is amended by striking 90 percent and inserting 93 percent. Section 223(a)(1) of the Social Security Act (42 U.S.C. Section 201(a) of such Act, as amended by subsection (a) of this section, is further amended, by striking subsection (i)(1) and inserting subsection (h)(1); and. By joining our advisory group, you can help us make GovTrack more useful and engaging to young voters like you. in the case of any calendar year in which such contribution and benefit base equals or exceeds $400,000, clause (i) shall not apply. 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. There is hereby appropriated to the Social Security Trust Fund for the first fiscal year that begins after date of the enactment of section 203 of Social Security 2100: A Sacred Trust, and for each fiscal year thereafter, out of any moneys in the Treasury not otherwise appropriated, amounts equivalent to 100 percent of, the taxes imposed by chapter 21 (other than sections 3101(b) and 3111(b)) of the Internal Revenue Code of 1986 with respect to wages (as defined in section 3121 of such Code) reported to the Secretary of the Treasury pursuant to subtitle F of the Internal Revenue Code of 1986, as determined by the Secretary of the Treasury by applying the applicable rates of tax under such chapter (other than sections 3101(b) and 3111(b)) to such wages, which wages shall be certified by the Commissioner of Social Security on the basis of the records of wages established and maintained by such Commissioner in accordance with such reports; and. Rep. John Larson [D-CT1] Clarifying the requirement to mail Social Security account statements, Section 1143 of the Social Security Act (42 U.S.C. Determining wages and self-employment income above contribution and benefit base after 2021, Determination of wages above contribution and benefit base after 2021, Amendments to the Internal Revenue Code of 1986. Conforming amendments related to Social Security Trust Fund. |author=117th Congress (2021) Section 202(b)(2) of the Social Security Act (42 U.S.C. 202. Section 202 of such Act (42 U.S.C. The new version of the bill, dubbed Social Security 2100: A Sacred Trust, is now aimed at drawing more support from President Biden and Republicans, CNBC reported. On Monday, I was honored to join Congressman Larson, Senator Blumenthal, Lt. Determination of self-Employment income above contribution and benefit base after 2021, Amendments to Internal Revenue Code of 1986. Holding SSI, Medicaid, and CHIP beneficiaries harmless. Such report shall include. Preventing closure of field and hearing offices and resident or rural contact stations, Moratorium on closure or consolidation of field or hearing offices or new limitations on access to such offices. Across-the-board benefit increase. Improving benefits for widows and widowers in two-income households, Section 202(e) of the Social Security Act (42 U.S.C. 402(b)(2)) is amended by striking subsections (k)(5) and (q) and inserting subsection (q). 402) are each amended, in the matter following subparagraph (F), by striking the earlier of and all that follows through the end of the paragraph 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 requirements of this paragraph are met in connection with a closure, consolidation, or new limitation on access referred to in paragraph (1) only if. 655(a)) is amended by striking Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds and inserting Social Security Trust Fund. 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. the denominator of which is the total revenue from taxation of social security benefits. Another piece of legislation, Social Security 2100: A Sacred Trust, is sponsored by Rep. John Larson (D-CT). Section 202 of the Social Security Act (42 U.S.C. 409(k)(1)), as amended by section 103(c), is further amended by inserting 202(e)(9), 202(f)(9), after sections. 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. The amendments made by this section shall take effect on January 1, 2022. Section 201(j) of such Act is amended by striking the Federal Old-Age and Survivors Insurance Trust Fund, or the Federal Disability Insurance Trust Fund (as determined appropriate by the Commissioner of Social Security) and inserting the Social Security Trust Fund. The legislation increases Social Security's modest benefits both across the board and also in long overdue ways. Conforming amendment related to expedited reinstatement. Social Security 2100: A Sacred Trust, H.R. Subsection (f)(2)(B) of section 3720A of title 31, United States Code, is amended by striking Federal Old-Age and Survivors Insurance Trust Fund or the Federal Disability Insurance Trust Fund, whichever is certified to the Secretary of the Treasury as appropriate by the Commissioner of Social Security and inserting Social Security Trust Fund. In the case of a child who is less than 12 months old, such child shall be deemed to meet the requirements of subparagraph (B) if, on the date the child attains 1 year of age, such child has lived with such individual in the United States and received at least of the child's support from such individual for substantially all of the period which began on the date of such child's birth. The bill, called "Social Security 2100: A Sacred Trust," is slated to be introduced this week, according to a report from 401K Specialist. in subparagraph (B), by inserting and at the end; in subparagraph (C)(iii), by striking and at the end; by redesignating subparagraphs (E) and (F) as subparagraphs (D) and (E), respectively; and. 402(d)(1)(F)) is amended by striking the earlier of and all that follows through the age of 19, and inserting the following: the first month during no part of which the child is a full-time elementary or secondary school student or a qualifying post-secondary school student, the month in which the child attains the age of 22, but only if the child is not a qualifying post-secondary school student during any part of such month, or. 412), by inserting excess average indexed monthly earnings, after average indexed monthly earnings, each place it appears; in section 215(e)(1) (42 U.S.C. Section 1402(b) of the Internal Revenue Code of 1986 is amended to read as follows: The term self-employment income means the net earnings from self-employment derived by an individual, except that such term shall not include net earnings from self-employment if such net earnings for the taxable year are less than $400. 303. Subject to subparagraph (B), the term qualifying month means, in connection with an individual, any month during which such individual was engaged for not less than 80 hours in providing care to a dependent relative without monetary compensation. Another proposal called Social Security 2100: A Sacred Trust would increase the payroll tax cap to $400,000 on earned wages. Someone who's 62 who's worked full-time for 30 years making $15,080 a year. in paragraph (2), by striking each of the Trust Funds and inserting the Social Security Trust Fund; in paragraph (3), by striking one of the Trust Funds and inserting the Trust Fund; and. such benefit were based on the primary insurance amount determined for January of such calendar year of a putative individual; on January 1 of the calendar year in which occurred the applicable eligibility date with respect to such individual, such putative individual were fully insured, attained retirement age (as defined in section 216(l)(2)) and were otherwise eligible for, and applied for, old-age insurance benefits; and. Currently, SSA makes this information available only on its website mySSA.com for those under 60. Section 201(c) of such Act, as amended by subsections (b) and (c)(1), is further amended. 1320b13) is amended, in subsection (a)(1), by adding at the end the following: Such statement shall be provided by mail unless the requesting individual chooses electronic delivery for that request. 904) is amended by adding at the end the following new subsection: The Commissioner may not close a field or hearing office of the Administration, consolidate two or more such offices, or otherwise impose any new limitation on public access to any such office, unless the Commissioner complies with the requirements of paragraphs (2), (3), (4), and (5) in connection with the closure, consolidation, or limitation on public access. in subparagraph (A), by striking paragraph (1)(F) and inserting paragraph (1)(E); and, in subparagraph (B), by striking paragraph (1)(F)(i) and inserting paragraph (1)(E)(i); and, For purposes of paragraph (2)(A)(ii), the amount determined under such paragraph shall not exceed the primary insurance amount for such month of a hypothetical individual, who became entitled to old-age insurance benefits upon attaining early retirement age during the month in which the deceased individual referred to in paragraph (1) became entitled to old-age or disability insurance benefits, or died (before becoming entitled to such benefits), and. Title II of the Social Security Act is amended by adding after section 234 (42 U.S.C.

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