"Social Security is a sacred commitment made to all Americans and a promise that must be fulfilled. to bait violent anti-democratic conspiracy theories or to engage in anti-semitism. 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. 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. In the case of a monthly insurance benefit under subsection (b) or (c), the full increase amount determined under this subparagraph shall be one-half the amount determined under clause (i); or. March 1, 2023 . Title II of the Social Security Act is amended. We recommend the following MLA-formatted citation when using the information you see here in academic work: GovTrack.us. by striking in or before the first month referred to in subparagraph (A) or (B) of such sentence, as the case may be, and inserting in or before such month,. Not later than November 1 of each calendar year after 2020, the Commissioner of Social Security shall publish in the Federal Register the dollar amount applicable to agreements entered into in the succeeding calendar year.. 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.. in paragraph (2)(B), by striking the Federal Old-Age and Survivors Insurance Trust Fund and inserting the Social Security Trust Fund. ; and. Someone who's 62 who's worked full-time for 30 years making $15,080 a year. in the case of any other qualifying month, the excess of the amount determined under clause (i) over 1/2 of the wages or self-employment income actually paid to or derived by such individual during such month. 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. Youre more than a vote, so support GovTrack today with a tip of any amount: Or keep using GovTrack for free! the term basic wages means that portion of the wages of an individual paid in a year that does not exceed the contribution and benefit base for the year; the term basic self-employment income means that portion of the self-employment income of an individual credited to a year that does not exceed an amount equal to the contribution and benefit base for the year minus the amount of the wages paid to the individual in the year; the term excess wages means that portion of the wages of an individual paid in a year after 2021 in excess of the higher of $400,000 or the contribution and benefit base for the year; and. 402(d)(1)(B)) is amended to read as follows: at the time such application was filed was unmarried and. Youre more than a vote, so support GovTrack today with a tip of any amount: Or keep using GovTrack for free! 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. 415(e)(1)), by inserting and before 2022 after after 1974. by striking Trust Funds are and inserting Trust Fund is; in the matter following paragraph (5), by striking Trust Funds each place it appears and inserting Trust Fund; and. 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.. Provides a tax cut for 23 million lower- and middle-income Americans reducing their taxes on their Social Security benefits. 101. The term payor fund means any trust fund or account from which payments of social security benefits are made. 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. Section 209(k)(1) of such Act (42 U.S.C. Sponsor. is amended. Increasing benefits for beneficiaries after 15 years of eligibility. 402) are each amended by striking section 215(f)(5), 215(f)(6), or 215(f)(9)(B) in subparagraphs (C) and (D)(i) and inserting paragraph (5) or (6) of section 215(f). Section 215(a)(7) 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. by striking Federal Disability Insurance Trust Fund and inserting Social Security Trust Fund. 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)). by inserting , or (C) a court of competent jurisdiction has issued an order granting custody of such person to the individual or the individuals spouse before the first period. Section 202(d)(1) of the Social Security Act (42 U.S.C. Section 215(i) of the Social Security Act (42 U.S.C. by inserting and a qualifying post-secondary school student is an individual who is in at least half-time attendance as a student at a post-secondary educational institution before , as determined by the Commissioner; by inserting or a qualifying post-secondary school student before if he is paid by his employer; by inserting or a post-secondary educational institution, as applicable, before at the request; by inserting or a qualifying post-secondary school student before for the purpose of this section; and, by inserting or a qualifying post-secondary school student before shall be deemed; and. 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. The amendments made by this section shall take effect on January 1, 2022. 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. 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). If an employer (hereinafter referred to as successor employer) during any calendar year, acquires substantially all the property used in a trade or business of another employer (hereinafter referred to as a predecessor), or used in a separate unit of a trade or business of a predecessor, and immediately after the acquisition employs in his trade or business an individual who immediately prior to the acquisition was employed in the trade or business of such predecessor, then, for the purpose of determining whether the successor employer has paid remuneration with respect to employment equal to the contribution and benefit base (as determined under section 230 of the Social Security Act) to such individual during such calendar year, any remuneration with respect to employment paid (or considered under this paragraph as having been paid) to such individual by such predecessor during such calendar year and prior to such acquisition shall be considered as having been paid by such successor employer. is amended, in paragraph (1)(C), by inserting except as provided in paragraph (9), before was dependent; and. The text of the bill below is as of Oct 26, 2021 (Introduced). The amendments made by this section shall apply with respect to agreements entered into on or after January 1, 2022. Section 211(b)(1) of the Social Security Act (42 U.S.C. 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. 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. Notwithstanding the preceding sentence, in any case in which the Secretary of the Treasury determines that the assets of the Trust Fund would otherwise be inadequate to meet the Trust Fund's obligations for any month, the Secretary of the Treasury shall transfer to the Trust Fund on the first day of such month the total amount which would have been transferred to the Trust Fund under this section as in effect on October 1, 1990; and the Trust Fund shall pay interest to the general fund on the amount so transferred on the first day of any month at a rate (calculated on a daily basis, and applied against the difference between the amount so transferred on such first day and the amount which would have been transferred to the Trust Fund up to that day under the procedures in effect on January 1, 1983) equal to the rate earned by the investments of the Trust Fund in the same month under subsection (d). 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. Increasing access to benefits for children who live with grandparents or other relatives, Title II of the Social Security Act (42 U.S.C. Section 202(d)(1)(E) of such Act (42 U.S.C. Were looking to learn more about who uses GovTrack and what features you find helpful or think could be improved. Approximately 5 million seniors on Social Security are living in poverty. 5723, 117th Cong. This legislation would apply the payroll tax to wages above $400,000 so the wealthy pay the same rate as a waitress earning $30,000 a year. by inserting and 235(b)(1)(A)(i), after 1977),. 402(d)(1)(E)) is amended by inserting or a qualifying post-secondary school student after student. 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. 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