United States House of Representatives . The applicable percentage specified for a monthly insurance benefit under this subparagraph for a calendar year is the percentage specified, in connection with the year described in the following table, as follows: Except as provided in clause (ii), the full increase amount determined under this subparagraph for a calendar year in connection with the monthly insurance benefit of a qualified beneficiary is a dollar amount equal to 5 percent of the amount of the benefit if. For purposes of section 1401(a), the term self employment income shall not exceed the sum of, the total compensation not in excess of the contribution and benefit base (as determined under section 230 of the Social Security Act) which is effective for the calendar year in which such taxable year begins, reduced by the amount of wages not in excess of such base paid to such individual during the taxable year, plus, the total compensation in excess of the greater of. |publisher=GovTrack.us Sec. 409(a)(1)(I)) is amended by inserting before the semicolon at the end the following: except that this subparagraph shall apply only to calendar years for which the contribution and benefit base (as so determined) is less than $400,000, and, for such calendar years, only to the extent that remuneration with respect to employment paid to such employee does not exceed $400,000. ; 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. Were looking for feedback from educators about how GovTrack can be used and improved for your classroom. an analysis of the criteria used for selecting field or hearing offices for closure, consolidation, or limited access; a description of how the Commissioner has analyzed and considered relevant factors, including but not limited to transportation and communication burdens faced by individuals serviced by the offices, including elderly and disabled citizens; and, a description of any method of cost-benefit analysis applied by the Commissioner in connection with closures and consolidations of field or hearing offices, and other limitations on access to field or hearing offices, including any analysis that takes into account. The amount specified in this paragraph with respect to a month shall be the amount of monthly earnings derived from services established by the Commissioner (under regulations issued pursuant to section 223(d)(4)(A)) to represent substantial gainful activity in the case of a blind individual for such month. Increase in primary insurance amount computation formula. by striking subsection (d) and inserting subsection (c). The bill, called "Social Security 2100: A Sacred Trust," is slated to be introduced this week, according to a report from 401K Specialist. This Act may be cited as Social Security 2100: A Sacred Trust. Fight 2 scrap the payroll tax cap: John Larson's (D-CT) Social Security 2100 Act: A Sacred Trust, or Sen. Bernie Sanders' Social Security Expansion Act of 2023. Congress must also ensure the benefits keep up with Americans' expenses - today, tomorrow, and forever. Committee on Ways and Means . For purposes of applying subparagraphs (A) and (B) of section 215(i)(1) of the Social Security Act in any calendar year, nothing in this section or the amendments made by this section shall be considered a general benefit increase under title II of such Act. Section 211(b)(1) of the Social Security Act (42 U.S.C. Section 206(a)(2)(A) of the Social Security Act (42 U.S.C. Repeal of windfall elimination provisions, Section 215 of the Social Security Act (42 U.S.C. 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. 423(a)(2)) is amended by striking and section 215(b)(2)(A)(ii) and inserting , section 215(b)(2)(A)(ii), and subsection (e) of this section. Section 209(k)(1) of such Act (42 U.S.C. Eliminating the 5-month waiting period for disability benefits. 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. 5723 117th Congress: Social Security 2100: A Sacred Trust. www.GovTrack.us. Section 202(d)(1)(B) of the Social Security Act (42 U.S.C. For purposes of this section, the tax imposed by sections 3101(b)(2) (to the extent not withheld) and the tax imposed by section 3103 shall be treated as taxes imposed by chapter 2. 415(i)(1)(B))) ending on September 30 of calendar years 2022 through 2026. 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. The amendments made by this section shall apply with respect to individuals who initially become eligible (within the meaning of section 215(a)(3)(B) of the Social Security Act) for old-age or disability insurance benefits under title II of the Social Security Act, or who die (before becoming eligible for such benefits), in any calendar year after 2021. to bait violent anti-democratic conspiracy theories or to engage in anti-semitism. 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. The notice provided pursuant to subparagraph (A)(i) shall include notice of the time and place of the public hearings to be conducted pursuant to clause (A)(iii) and of the right of aggrieved individuals to appeal to the Commissioner regarding the proposed closure, consolidation, or limitation on access pursuant to paragraph (4). 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. Protection against inflation Improves the annual Cost-of-Living Adjustment (COLA) formula to better reflect the costs incurred by seniors through adopting what's called a "CPI-E formula." the denominator of which is the total revenue from taxation of social security benefits. The new minimum benefit will be set at 25% above the poverty line and would be tied to wage levels to ensure that the minimum benefit does not fall behind. Sec. in the flush matter following subparagraph (E)(ii), as so redesignated, by striking becomes entitled to an old-age insurance benefit and all that follows through such deceased individual,; by striking subparagraph (A) in paragraph (2) and inserting the following: Except as provided in subsection (k)(5), subsection (q), and subparagraph (D) of this paragraph, such widows insurance benefit for each month shall be equal to the greater of, the primary insurance amount (as determined for purposes of this subsection after application of subparagraphs (B) and (C)) of such deceased individual, or. To protect our Social Security system and improve benefits for current and future generations. Conforming amendments related to Social Security Trust Fund. Sec. 109. Section 3121(l)(4) of the Internal Revenue Code of 1986 is amended 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 Beginning not later than and inserting (A) Beginning not later than; In any case in which an eligible individual described in subparagraph (A) responds to an annual inquiry by the Commissioner relating to the mailing of the individuals statement by making an election that such statement for such year be provided in electronic form only, the requirements of this paragraph shall be deemed to be satisfied for such year with respect to the individual. 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. Section 202(e)(2)(A) of such Act (42 U.S.C. 424(f)(2)(B)(i)) is amended by inserting (or if higher (and if such calendar year is after 2021), the highest national average wage index (as so defined) for any calendar year before such calendar year) after made. H.R. Section 223(a)(1) of the Social Security Act (42 U.S.C. Data via the congress project. We are also still on Instagram at @govtrack.us posting 60-second summary videos of legislation in Congress. Social Security 2100 Quick Facts| Social Security 2100 and RSC Comparison|Endorsing Groups|Social Security Facts and Figures|Social Security 2100 Polling|Impact on LGBTQ|Impact on Women |Impact on People of Color |Impact on Veterans, For 87 years, the Federal Government has kept the promise to all Americans: if they contribute to Social Security with each and every paycheck, they would be able to retire with dignity. The bill was not enacted into law. 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. We hope to enable educators to build lesson plans centered around any bill or vote in Congress, even those as recent as yesterday. The criteria of this subparagraph are that. 401 note) and section 86 of such Code as such sections were in effect on the day before the date of the enactment of this Act, at such times and in such manner as would be provided therein. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Social Security 2100: A Sacred Trust, Larson said, "gives beneficiaries the improvements and security they desperately need now. Approximately 5 million seniors on Social Security are living in poverty. Protects low-income workers Five million seniors currently live in poverty. 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. Coordination with special refund provision. This bill, which also lifts the cap on Social Security contributions and uses the . If you can, please take a few minutes to help us improve GovTrack for users like you. 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). For purposes of determining the income of an individual to establish eligibility for, and the amount of, benefits payable under title XVI of the Social Security Act, eligibility for medical assistance under the State plan under title XIX (or a waiver of such plan), or eligibility for child health assistance under the State child health plan under title XXI (or a waiver of the plan), the amount of any benefit to which the individual is entitled under title II of such Act shall be deemed not to exceed the amount of the benefit that would be determined for such individual under such title as in effect on the day before the date of the enactment of this Act. in the case of an individual who has more than 10 years of work (as defined in clause (iv)(I)), the alternative minimum amount determined under clause (ii). Highlights of Social Security 2100: A Sacred Trust Increases benefits for all recipients Congress has not acted to increase Social Security benefits in 50 years. Your note is for you and will not be shared with anyone. Our mission is to empower every American with the tools to understand and impact Congress. (Sponsor) We hope that with your input we can make GovTrack more accessible to minority and disadvantaged communities who we may currently struggle to reach. H.R. East Hartford, CT Today, Rep. John B. Larson (CT-01) released the following statement regarding Republicans plans for Social Security. Increasing threshold amounts and rate for inclusion of Social Security benefits in income. in paragraph (1), by striking the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund and inserting the Social Security Trust Fund; and. Washington, D.C. - Today, House Ways and Means Social Security Subcommittee Chairman John B. 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