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. Thank you for joining the GovTrack Advisory Community! is amended. Section 209(a)(1)(I) of the Social Security Act (42 U.S.C. A qualifying month shall not be taken into account under this section with respect to an individual unless, the individual submits to the Commissioner of Social Security an application for benefits under this section that includes. Washington, D.C. 20515 . Section 209(k)(1) of such Act (402 U.S.C. in subparagraph (A), by striking Of the amounts authorized to be made available out of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund under the preceding sentence and all that follows through (Public Law 103296). Bill Summary. Representative for Connecticut's 1st congressional district. by striking paragraph (5) and redesignating paragraphs (6) through (8) as paragraphs (5) through (7), respectively; by striking beginning with and all that follows through and ending and inserting beginning with the first month in which he becomes so entitled to such insurance benefits and ending; and. Sec. The Social Security 2100 bill would raise the special minimum benefit to about 125 percent of the poverty level. President Biden has called this promise a "sacred trust.". It was written by John B. Larson, D-Conn., Chairman of the House Ways and Means Subcommittee, who introduced the bill to Congress in October. Individuals serving as members of the Board of Trustees of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund as of the effective date of such amendment shall serve the remainder of their term as members of the Board of Trustees of the Social Security Trust Fund. 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. 426(b)) is amended, in the matter following paragraph (2), by striking For purposes of this subsection and all that follows through the end. Ends the 5-month waiting periodto receive disability benefits, so those with severe disabilities no longer have to wait. Subsections (e)(2) and (f)(2) of section 202 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. Section 1131(b)(1) of such Act is amended by striking section 201(g)(1) and inserting section 201(f)(1). by redesignating subclauses (IV) and (V) as subclauses (III) and (IV); in paragraph (4), by striking Trust Funds each place it appears and inserting Trust Fund. Any such quarterly payment shall be made on the first day of such quarter and shall take into account social security benefits estimated to be received during such quarter. 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. the month in which the child attains the age of 26. |url=https://www.govtrack.us/congress/bills/117/hr5723 Crediting of interest and proceeds to Trust Funds. 409(k)(1)) is amended by inserting 215(a)(1)(E), after 215(a)(1)(D),. 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. The Social Security 2100 Act aims to increase and expand benefits, including improving the Cost of Living Adjustment (COLA), so it reflects the inflation actually experienced by seniors,. Section 223(a)(2) of such 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 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. Bills numbers restart every two years. Witnesses. Section 202(k) of the Social Security Act (42 U.S.C. The amendments made by this section shall apply with respect to monthly insurance benefits payable for months in calendar years 2022 through 2026. not earlier than 30 days after the issuance of public notice pursuant to clause (i) and not later than 45 days before the date of the proposed closure, consolidation, or limitation on access, the Commissioner conducts at least 2 public hearings (scheduled so that the first and last such hearings are separated by at least 10 days), at which the Commissioner presents the justifications for the closure, consolidation, or limitation on access described in subparagraph (B) and provides for attendees an opportunity to present their views regarding the proposed closure, consolidation, or limitation on access. 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. This bill, which also lifts the cap on Social Security contributions and uses the . In any case in which an individual is entitled to benefits under both this section and section 223, the increase under this subsection shall be paid from the Federal Old-Age and Survivors Insurance Trust Fund. This legislation expands on the previous versions of the Social Security 2100 Act to better strengthen and protect the Social Security program. Congressman Larson's Committee Assignments, Invite me to an event or schedule a meeting, Larson Fights to Protect Seniors and Workers from Republican Attacks, One party is working to protect and enhance Social Security, Larson Commends Sanders, Warren, Schakowsky, and Hoyle for Social Security Legislation, Larson: Republicans Continue Their Promises to End Social Security as We Know It, Larson: Congress Must Vote to Protect and Expand Social Security, Larson Statement on Social Security COLA Increase for 2023, Column: Young people need to fight for Social Security now more than ever, Los Angeles Times: Column: Young people need to fight for Social Security now, Larson Statement on Upcoming COLA Increase, Larson Statement on the Ways and Means Markup of H.R. "Social Security is a sacred commitment made to all Americans and a promise that must be fulfilled. 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 amendments made by this section shall apply with respect to widows or widowers insurance benefits payable for months in calendar years 2022 through 2026. Section 202(d)(7)(C) of such Act (42 U.S.C. 402(d)(7)) is amended. 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,. 402(d)(6)(E)) is amended by striking (if later) and all that follows to the end and inserting the following: the month in which the child attains the age of 26. 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=H.R. the denominator of which is the total revenue from taxation of social security benefits. }}. The Commissioner shall submit 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 the Commissioners findings based on the hearing and a description of any action taken or to be taken by the Commissioner on the basis of such findings. Subcommittee on Social Security . Were looking to learn more about who uses GovTrack and what features you find helpful or think could be improved. GovTrack.us is not a government website. For purposes of subclause (I), the applicable percentage is the percentage specified in connection with the number of years of work, as set forth in the following table: The annual dollar amount determined under this clause is, for calendar year 2022, the poverty guideline for 2021; and, for any calendar year after 2022, the annual dollar amount established for the calendar year preceding such calendar year, or, if larger, the annual dollar amount for 2022 multiplied by the ratio of, the national average wage index (as defined in section 209(k)(1)) for the second calendar year preceding the calendar year for which the determination is made, to. in clause (ii), by striking and at the end; in clause (iii), by inserting and at the end; and. Democrats have several plans to protect and expand Social Security benefits. does not live apart from his spouse at all times during the taxable year. 101. Increases benefits across the board and improves the COLA, minimum benefits, and benefits . 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. the national average wage index (as so defined) for 2020. the term year of work means, with respect to an individual, a year to which 4 quarters of coverage have been credited based on such individuals wages and self-employment income; and. The amendments made by this section shall apply to determinations made with respect to cost-of-living computation quarters (as defined in section 215(i)(1)(B) of the Social Security Act (42 U.S.C. Section 211(b)(1) of the Social Security Act (42 U.S.C. This bill was introduced on October 26, 2021, in a previous session of Congress, but it did not receive a vote. 82), legislation that would repeal the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP). 5723, 117th Cong. in paragraph (2)(B), by striking the Federal Old-Age and Survivors Insurance Trust Fund and inserting the Social Security Trust Fund. 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. Democratic U.S. Rep. John Larson of Connecticut spoke Oct. 26 at the introduction of the Social Security 2100 Act. Another proposal called Social Security 2100: A Sacred Trust would increase the payroll tax cap to $400,000 on earned wages. not later than 120 days before the date of the closure, consolidation, or limitation on access, the Commissioner provides effective public notice of the proposed closure, consolidation, or limitation on access (including, to the extent practicable, notice by direct mailing and through community outlets such as newspapers and posting in heavily frequented public spaces) to individuals residing in the area serviced by the affected office or offices; the public notice issued pursuant to clause (i) includes information on, how the Commissioner will, not later than 30 days after the date of the closure, consolidation, or limitation on access, replace the loss in access resulting from the closure, consolidation, or limitation on access by establishing a new office, increasing public access to a different office, or some other means; and, how to contact the Administration if an individual experiences service delays or problems as a result of the closure, consolidation, or limitation on access; 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. Establishing the Social Security Trust Fund. 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. Were collecting the statements of stakeholder organizations. By Herb Weiss, contributing writer on aging issues. 5723 117th Congress: Social Security 2100: A Sacred Trust. www.GovTrack.us. Clarifying the requirement to mail Social Security account statements, Section 1143 of the Social Security Act (42 U.S.C. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in 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. Thank you for joining the GovTrack Advisory Community! Extending the childs benefit for post-Secondary school students under age 26. by striking Federal Disability Insurance Trust Fund and inserting Social Security Trust Fund. by striking the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund shall be credited to and form a part of the Federal Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund, respectively and inserting the Social Security Trust Fund shall be credited to and form a part of the Social Security Trust Fund; by striking either of the Trust Funds and inserting the Trust Fund; and. Section 121(e) of the Social Security Amendments of 1983 (42 U.S.C. Increasing access to benefits for children who live with grandparents or other relatives, Title II of the Social Security Act (42 U.S.C. 103. (Co-sponsor) 401 note) is repealed. Although this bill was not enacted, its provisions could have become law by being included in another bill. 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. 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. Please help us make GovTrack better address the needs of educators by joining our advisory group. This would only impact those earning more than $400,000 per year in wages - or less than 2% of working Americans. 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