402(d)(6)(A)) is amended to read as follows: is a full-time elementary or secondary school student and has not attained the age of 22, is a qualifying post-secondary school student and has not attained the age of 26, or, is under a disability (as defined in section 223(d)) and has not attained the age of 22, or. Youre more than a vote, so support GovTrack today with a tip of any amount: Or keep using GovTrack for free! Rep. John Larson (CT-01) Bill Number(s) S. 3071. Another piece of legislation, Social Security 2100: A Sacred Trust, is sponsored by Rep. John Larson (D-CT). Section 209(k)(1) of such Act (42 U.S.C. The bill's titles are written by its sponsor. Benefit bump for current and new Social Security beneficiaries Provides an increase for all beneficiaries (receiving retirement, disability or dependent benefits) equivalent to an average of 2% of benefits to make up for inadequate Cost-of-Living Adjustments (COLA) since 1983. "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 . 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. Section 1131(b)(1) of such Act is amended by striking section 201(g)(1) and inserting section 201(f)(1). 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. Increasing the minimum benefit for long-term low earners, Section 215(a)(1) of the Social Security Act (42 U.S.C. 402) is amended, in subparagraph (C)(ii)(III), by striking paragraph (8) and inserting paragraph (6); and, by striking beginning with and all that follows through and ending and inserting beginning with the first month in which she becomes so entitled to such insurance benefits and ending; and. Subsection (m) of section 6654 of the Internal Revenue Code of 1986 is amended to read as follows: Special rule for certain employment taxes. 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. Exclusion of remuneration which is not treated as compensation. 409(k)(1)) is amended, by striking and before 230(b)(2) the first time it appears; and. Provides caregiver creditstoward Social Security wages to ensure caregivers are not penalized in retirement for taking time out of the workforce to care for children or other dependents. Sec. Section 202 of such Act (42 U.S.C. 112. (Sponsor) The section heading for section 201 of the Social Security Act is amended to read as follows: Social Security Trust Fund. 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. For each calendar year after 2021, the national average wage index as defined in this section for such calendar year shall be deemed to be the national average wage index determined under the preceding paragraphs of this section increased by the following percentage: For calendar years 2022 through 2027, 1.4 percent. 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. Sec. on Aug 17, 2022, Larson Commends Tri-Caucus and Task Force on Aging and Families Leadership Calling for Vote on Social Security 2100: A Sacred Trust Dear Chairman Larson: I am writing in response to your request for our estimates of the financial effects on Social Security of enacting . |author=117th Congress (2021) }}. 402(d)(7)(C)) is amended by adding at the end the following: A post-secondary educational institution is an institution described in section 102 of the Higher Education Act of 1965 (20 U.S.C. 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. 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). In 2027, the current-law rules would apply. Any assistance or support services provided to caregivers under section 1720G of title 38, United States Code, shall not be considered wages or self-employment income for the purposes of determining entitlement to and the amount of any monthly benefit payable under this subsection. Not later than 1 year after the date of the enactment of this section, the Commissioner of Social Security shall promulgate such regulations as are necessary to carry out this section and to prevent fraud and abuse with respect to the benefits under this section, including regulations establishing procedures for the application and certification requirements described in paragraph (2). 2. Rep. John Larson of Connecticut introduced " Social Security 2100: A Sacred Trust " after making changes to the prior package of higher taxes, expanded benefits and a fix to the long-term. Subsection (a) of section 86 of the Internal Revenue Code of 1986 is amended to read as follows: Gross income for the taxable year of any taxpayer described in subsection (b) (notwithstanding section 207 of the Social Security Act) includes Social Security benefits in an amount equal to the lesser of, 85 percent of the Social Security benefits received during the taxable year, or. We hope that with your input we can make GovTrack more accessible to minority and disadvantaged communities who we may currently struggle to reach. 402(f)) is amended. We hope to make GovTrack more useful to policy professionals like you. Increasing access to benefits for children who live with grandparents or other relatives, Title II of the Social Security Act (42 U.S.C. The bill would be 100 . is amended, in paragraph (1)(C), by inserting except as provided in paragraph (9), before was dependent; and. Benefit reduction based on earnings derived from services. 103. 403(a)(6)(A)), by striking 85 percent of such individual's average indexed monthly earnings and inserting the sum of 85 percent of such individual's average indexed monthly earnings and 1 percent of such individuals excess average indexed monthly earnings (as defined in section 215(b)(5)(A)); in section 212 (42 U.S.C. Social Security 2100: A Sacred Trust Act. by striking A child who and inserting (i) A child who; by striking clause (i) of paragraph (1)(B) and inserting clause (ii) of paragraph (1)(B); and. 82, Larson Commends President Bidens Calls to Protect and Expand Social Security. Subsections (e)(1) and (f)(1) of section 202 of such Act (42 U.S.C. This is part of a new project to develop better tools for bringing real-time legislative data into the classroom. (Co-sponsor) The amendments made by this section shall apply with respect to agreements entered into on or after January 1, 2022. Rep. John Larson [D-CT1] Section 201 of such Act is amended by striking subsections (b), (l), and (n). (2021). Social Security 2100: A Sacred Trust. The term payor fund means any trust fund or account from which payments of social security benefits are made. Of the balance of the total revenue from taxation of social security benefits remaining after appropriations under paragraph (1) have been made, there are appropriated to each payor fund amounts equivalent to the portion of such balance equal to a fraction, the numerator of which is the amount equivalent to the net revenues received in the Treasury attributable to the application of sections 86 and 871(a)(3) of such Code to payments from such payor fund made in taxable years beginning after December 31, 2021, and before January 1, 2027; and. This provision would only affect the top 0.4% of wage earners. Section 223 of such Act (42 U.S.C. If you teach United States government and would like to speak with us about bringing legislative data into your classroom, please reach out! 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. on this bill on a six-point scale from strongly oppose to strongly support. Washington, D.C. 20515 . Please join our advisory group to let us know what more we can do. 415(i)) is amended by adding at the end the following: Any provision of law (other than in this title, title VIII, or title XVI) which provides for adjustment of an amount based on a change in benefit amounts resulting from a determination made under this subsection shall be applied and administered without regard to the amendments made by subsections (a) and (b) of section 102 of Social Security 2100: A Sacred Trust. "Social Security 2100: A Sacred Trust" is a plan to improve and increase benefits, protect against inflation, and strengthen the Social Security Trust Fund. 402(d)(7)(B)) is amended by adding at the end the following sentence: An individual who has been in full-time attendance at an elementary or secondary school shall, during a succeeding period of nonattendance at such school, be deemed to be a qualifying post-secondary school student if (i) such period is 4 calendar months or less, and (ii) the individual shows to the satisfaction of the Commissioner that he intends to be in at least half-time attendance at a post-secondary educational institution immediately following such period.. by amending paragraph (9) to read as follows: In the case of a child who is the child of an individual under clause (3) of the first sentence of section 216(e) and is not a child of such individual under clause (1) or (2) of such first sentence, the criteria specified in subparagraph (B) shall apply instead of the criteria specified in subparagraph (C) of paragraph (1). the month in which the child attains the age of 26. 402(d)(1)(B)) is amended to read as follows: at the time such application was filed was unmarried and. 402(c)(2)) is amended by striking subsections (k)(5) and (q) and inserting subsection (q). A showing described in subparagraph (A) shall consist of a showing that, the determination of the Commissioner to close a field or hearing office, consolidate field or hearing offices, or impose a new limitation on access to a field or hearing office is arbitrary, capricious, an abuse of discretion, not in accordance with law, or not based on substantial evidence; or. Section 255(g)(1)(A) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. This bill was introduced in the 117th Congress, which met from Jan 3, 2021 to Jan 3, 2023. The bills titles are written by its sponsor. 102. Section 201(h) of such Act is amended to read as follows: All benefit payments required to be made under this title shall be made only from the Social Security Trust Fund. 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. The activities of daily living referred to in subparagraph (A) means basic personal everyday activities, including. For calendar years 2032 through 2034, 1.6 percent. on this bill on a six-point scale from strongly oppose to strongly support. by striking (other than payments and all that follows through and reducing and inserting , but reducing; by striking Trust Funds each place it appears and inserting Trust Fund; and. 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. Upon timely request by any individual who makes a showing in writing described in subparagraph (B) in connection with a proposed closure, consolidation, or limitation on access referred to in subparagraph (A), the Commissioner shall give such individual an opportunity for a hearing with respect to the closure, consolidation, or limitation on access. Approximately 5 million seniors on Social Security are living in poverty. |title=H.R. Section 202(f)(2)(A) of such Act (42 U.S.C. The amendments made by subsections (a) and (c) shall apply to remuneration paid in calendar years after 2021. September 29, 2022 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). Increase in primary insurance amount computation formula. 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. Hackers/journalists/researchers: See these open data sources. For purposes of paragraph (2), the term total compensation means the sum of the net earnings from self-employment and the amount of wages paid to such individual during the taxable year. Sec. in section 216(e), in the first sentence. If you log into GovTrack using Twitter, make sure you dont lose access to your GovTrack account. Reducing Benefits for High Earners . Transition from elementary or secondary school. Feb 20, 2023. Section 202(d)(1)(F) of such Act (42 U.S.C. Section 215(a)(7) of such Act (42 U.S.C. The table of contents for this Act is as follows: Sec. in section 234(a)(1), by striking Trust Funds and inserting Trust Fund. 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. Extending the childs benefit for post-secondary school students under age 26. Our mission is to empower every American with the tools to understand and impact Congress. 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. The amendments made by this section shall take effect on January 1, 2022. If you can, please take a few minutes to help us improve GovTrack for users like you. 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 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. Conforming change to national average wage index, Section 209(k) of the Social Security Act (42 U.S.C. Separately, Larson has proposed a bill to reform the program, titled Social Security 2100: A Sacred Trust, which seeks to set stricter requirements before field offices are closed, among other. Specifically, Social Security 2100: A Sacred Trust would: Increase Benefits for American Senior Citizens Benefit bump for current and new beneficiaries - Provides an increase for all beneficiaries that is equivalent to about 2% of the average benefit. Were looking to learn more about who uses GovTrack and what features you find helpful or think could be improved. Democrats have several plans to protect and expand Social Security benefits. 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. Preventing an unintended drop in benefits relating to the application of the National Average Wage Index. Section 224(f)(2)(B)(i) of such Act (42 U.S.C. By joining our advisory group, you can help us make GovTrack more useful and engaging to young voters like you. If you log into GovTrack using Twitter, make sure you dont lose access to your GovTrack account. The Social Security 2100: A Sacred Trust Act ( H.R. Congress.gov, the official portal of the United States Congress. to account for the nonapplication of such amendments after calendar year 2026. Primary Sponsor(s) Sen Richard Blumenthal. The intentions are admirable in Social Security 2100: A Sacred Trust, but it's not enough alone to repair. in section 203(a)(6)(A) (42 U.S.C. Section 202 of the Social Security Act (42 U.S.C. 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