Section 7 of the Railroad Retirement Act of 1974 (45 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. This will help workers prepare for retirement, disability or in the event of an untimely death. Launched in 2004, GovTrack helps everyone learn about and track the activities of the United States Congress. Section 209(k)(1) of such Act (402 U.S.C. Section 202(d)(1)(G)(i) of such Act (42 U.S.C. 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). 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 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. Subsection (m) of section 6654 of the Internal Revenue Code of 1986 is amended to read as follows: Special rule for certain employment taxes. 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. For calendar years 2035 through 2037, 1.7 percent. Another piece of legislation, Social Security 2100: A Sacred Trust, is sponsored by Rep. John Larson (D-CT). Subcommittee on Social Security (Committee on Ways and Means) Tuesday, December 7, 2021 (1:00 PM) 1100 LHOB Washington, D.C. 402(d)(6)(D)) is amended to read as follows: Section 202(d)(6)(E) of such Act (42 U.S.C. Your note is for you and will not be shared with anyone. (Co-sponsor) Your note is for you and will not be shared with anyone. "Social Security 2100: A Sacred Trust" is a plan to improve and increase benefits, protect against inflation, and strengthen the Social Security Trust Fund. 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 section 1106(b), by striking the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund and inserting the Social Security Trust Fund; in section 1129(e)(2)(A), by striking the Federal Old-Age and Survivors Insurance Trust Fund or the Federal Disability Insurance Trust Fund, as determined appropriate by the Secretary and inserting the Social Security Trust Fund; in sections 1131(b)(2) and 1140(c)(2), by striking the Federal Old-Age and Survivors Insurance Trust Fund and inserting the Social Security Trust Fund; by striking paragraphs (1) and (2) and inserting the following: by redesignating paragraphs (3) and (4) as paragraphs (2) and (3), respectively; and, in the first sentence, by striking the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund and inserting the Social Security Trust Fund; and, Title XVIII of the Social Security Act (42 U.S.C. 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. by striking such Trust Fund and inserting the Trust Fund. the taxes imposed by chapter 2 (other than section 1401(b)) of the Internal Revenue Code of 1986 with respect to self-employment income (as defined in section 1402 of such Code) reported to the Secretary of the Treasury on tax returns under subtitle F of such Code, as determined by the Secretary of the Treasury by applying the applicable rate of tax under such chapter (other than section 1401(b)) to such self-employment income, which self-employment income shall be certified by the Commissioner of Social Security on the basis of the records of self-employment income established and maintained by the Commissioner of Social Security in accordance with such returns. Join 10 million other Americans using GovTrack to learn about and contact your representative and senators and track what Congress is doing each day. 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). 28 Feb 2023 19:39:23 415(i)(1)(B))) ending on September 30 of calendar years 2022 through 2026. For purposes of this subsection, the term wages, includes such remuneration paid to an employee for services included under an agreement entered into pursuant to the provisions of section 3121(l) (relating to coverage of citizens of the United States who are employees of foreign affiliates of American employers) as would be wages under section 3121(a) if such services constituted employment under section 3121(b), and. 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 amendments made by this section shall apply with respect to monthly insurance benefits payable for months in calendar years 2022 through 2026. (202 Democrats), Larson Statement on Social Security Trustees Report in the matter preceding paragraph (1), by striking Board of Trustees of the Trust Funds and inserting Board of Trustees of the Trust Fund; in paragraph (1), by striking Trust Funds and inserting Trust Fund; by striking Trust Funds and inserting Trust Fund; and. Help us develop the tools to bring real-time legislative data into the classroom. on Jun 2, 2022, Cicilline Hosts Social Security Day Of Action Provides a tax cut for 23 million lower- and middle-income Americans reducing their taxes on their Social Security benefits. Repeals the Windfall Elimination Provision(WEP) and Government Pension Offset (GPO) that currently reduces Social Security benefits for many public servants, including teachers, police and firefighters. Sec. Section 3121(a) of the Internal Revenue Code of 1986 is amended by striking paragraph (1). 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. 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. Sec. 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. Social Security 2100: A Sacred Trust, Larson said, "gives beneficiaries the improvements and security they desperately need now. 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. 402(d)(7)) is amended. Section 202(k) of the Social Security Act (42 U.S.C. Well be in touch. Such report shall include. on this bill on a six-point scale from strongly oppose to strongly support. 423(e)) is amended to read as follows: Any benefit otherwise payable to an individual for a month under subsection (d)(1)(B)(ii), (d)(6)(A)(ii), (d)(6)(B), (e)(1)(B)(ii), or (f)(1)(B)(ii) of section 202 or under subsection (a)(1) of this section shall be reduced by $1 for each $2 by which the individuals earnings derived from services for such month exceeds the amount specified in paragraph (2) with respect to such month, except that, in the case of an individual who has a period of trial work (as defined in section 222(c)), no reduction may be applied to any benefit of such individual under this title for any month prior to the third month after the end of the individuals period of trial work; and. Social Security 2100 contains one provision that would increase Social Security revenues. 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." a child, grandchild, niece, or nephew (of such individual or such individuals spouse or domestic partner), a child to which the individual or the individuals spouse or domestic partner is standing in loco parentis, a parent, grandparent, sibling, aunt, or uncle (of such individual or his or her spouse or domestic partner), or such individuals spouse or domestic partner, if such child, grandchild, niece, nephew, parent, grandparent, sibling, aunt, uncle, spouse, or domestic partner is a chronically dependent individual. check that your profile has your current email address before its too late. 2100 Act: A Sacred Trust bill could pass in 2022 and shore up the program's shortfall. 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. 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 term social security benefits has the meaning given such term by section 86(d)(1) of the Internal Revenue Code of 1986. 401(a)) is amended to read as follows: There is hereby created on the books of the Treasury of the United States a trust fund to be known as the Social Security Trust Fund. 110. Establishing a gradual offset for disability beneficiaries with earnings, Elimination of termination of benefits due to work activity, Date of termination of disability benefits; elimination of extended period of eligibility. East Hartford, CT Today, Rep. John B. Larson (CT-01) released the following statement regarding Republicans plans for Social Security. 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. GovTrack.us is not a government website. 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. 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. includes compensation which is subject to the tax imposed by section 3201 or 3211 (or would be so subject but for paragraph (2) of section 3231(e)). On Monday, I was honored to join Congressman Larson, Senator Blumenthal, Lt. is amended, in paragraph (1)(C), by inserting except as provided in paragraph (9), before was dependent; and. Clarifying the requirement to mail Social Security account statements, Section 1143 of the Social Security Act (42 U.S.C. The Democrats' Social Security 2100 Expansion Plan Risks Destroying Social Security As We Know It More From Forbes Feb 24, 2023,03:39pm EST From Renegade Cigar Maker To Disruptive Film. Section 201 of such Act is amended by striking subsections (b), (l), and (n). Improves access to legal representationfor people seeking long term disability benefits. The amendments made by subsections (a) and (c) shall apply to remuneration paid in calendar years after 2021. Extending the childs benefit for post-Secondary school students under age 26. Sec. Washington - Today Rep. Mike Thompson (CA-05) announced he coauthored the just-introduced Social Security 2100: A Sacred Trust Act. 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. 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. If you can, please take a few minutes to help us improve GovTrack for users like you. This is a project of Civic Impulse, LLC. Except as provided in paragraph (2), the Commissioner of Social Security shall take no action on or after January 1, 2022, to close or consolidate field or hearing offices of the Social Security Administration or to otherwise impose any new limitation on access to such offices. 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. 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. 402(d)(1)(B)) is amended to read as follows: at the time such application was filed was unmarried and. Section 209(k)(1) of such Act (42 U.S.C. This subsection shall be applied to monthly insurance benefits after any increase under subsection (w) and any applicable reductions and deductions under this title. Reducing Benefits for High Earners. The intentions are admirable in Social Security 2100: A Sacred Trust, but it's not enough alone to repair. Preventing an unintended drop in benefits relating to the application of the National Average Wage Index, Modifications related to computation of primary insurance amount, by striking the national and inserting (aa) the national; and, by striking , by at the end and inserting ; or; and. 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. on this bill on a six-point scale from strongly oppose to strongly support. such benefit may not be reduced below $0. Eliminating the 5-month waiting period for disability benefits, Section 223(a) of the Social Security Act (42 U.S.C. Subsection (c) of section 86 of such Code is amended to read as follows: For purposes of this section, the term base amount means. 203. Congress must also ensure the benefits keep up with Americans' expenses - today, tomorrow, and forever. Log in and Special rules for remuneration from multiple employers. |url=https://www.govtrack.us/congress/bills/117/hr5723 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. 409(k)(1)) is amended by inserting 215(a)(1)(E), after 215(a)(1)(D),. Feb 20, 2023. the name and identifying information of the dependent relative with respect to whom the individual was engaged in providing care during such month; if the dependent relative is not a child under the age of 12, documentation from the physician of the dependent relative explaining why the dependent relative is a chronically dependent individual; and, such other information as the Commissioner may require to verify the status of the dependent relative; and. Would you like to join our advisory group to work with us on the future of GovTrack? 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. WASHINGTONCongressman Dan Kildee (MI-05), Chief Deputy Whip of the House Democratic Caucus, today introduced the Social Security 2100: A Sacred Trust Act , which would increase Social Security benefits for Michiganders while making the system financially strong through the end of the century. Added 12/03/2021 at 05:49 PM. 402) is amended. Sec. in subsection (a), by striking paragraph (7); in subsection (d), by striking paragraph (3); and. check that your profile has your current email address before its too late. If you log into GovTrack using Twitter, make sure you dont lose access to your GovTrack account. 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,. Young Americans have historically been the least involved in politics, despite the huge consequences policies can have on them. Thank you for joining the GovTrack Advisory Community! 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. Section 223(a)(1) of the Social Security Act (42 U.S.C. Section 201(c) of such Act, as amended by subsections (b) and (c)(1), is further amended. Were looking for feedback from educators about how GovTrack can be used and improved for your classroom. 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. 402(c)(2)) is amended by striking subsections (k)(5) and (q) and inserting subsection (q). 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. |accessdate=March 1, 2023 Congress must also ensure the benefits keep up with Americans' expenses today, tomorrow, and forever. September 29, 2022 5723 117th Congress: Social Security 2100: A Sacred Trust. Section 202(f) of the Social Security Act (42 U.S.C. The term chronically dependent individual means an individual who, is dependent on a daily basis on verbal reminding, physical cueing, supervision, or other assistance provided to the individual by another person in the performance of at least two of the activities of daily living (described in subparagraph (B)) or instrumental activities of daily living (described in subparagraph (C)); and. Prevents unwarranted closures of SSA field offices The bill will improve customer service by making it more difficult to close field offices, which are used by many seniors to file claims and discuss questions about their benefits. Section 202(d)(6)(D) of such Act (42 U.S.C. 1301 et seq.) Now what? 401 note) is repealed. Representative for Connecticut's 1st congressional district. Section 223 of such Act (42 U.S.C. Rep. John Larson [D-CT1] (More Info). Sec. Section 202(d)(1)(B) of the Social Security Act (42 U.S.C. Sec. Section 201(c) of the Social Security Act is amended by striking the fourth sentence in the matter following paragraph (5) and inserting the following: Such report shall also include actuarial analysis of the benefit cost with respect to disabled beneficiaries and their auxiliaries, to retired beneficiaries and their auxiliaries, and to survivor beneficiaries.. Board of Trustees of Social Security Trust Fund. The request for the hearing shall be considered timely only if it is made not later than 30 days before the proposed date of the closure, consolidation, or limitation on access. Section 211(b)(1) of the Social Security Act (42 U.S.C. Section 3121 of the Internal Revenue Code of 1986 is amended by adding at the end the following: 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, for purposes of the taxes imposed by sections 3101(a) and 3111(a), the term wages does not include that part of the remuneration which, after remuneration equal to such contribution and benefit base with respect to employment has been paid to an individual by an employer during the calendar year with respect to which such contribution and benefit base is effective, is paid to such individual by such employer during the calendar year. 409(k)) is amended, in paragraph (1), by inserting and to paragraph (4) after paragraph (2); and. 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. 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