No one who paid into the system over a lifetime should retire into poverty. John Larson's "Social Security 2100: A Sacred Trust," was introduced in the House of Representatives in 2021 with nearly one hundred cosponsors. The bills titles are written by its sponsor. 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. Requires SSA to mail annual statements to all workers showing the FICA contributions workers make and projections for their benefits in the future. Application to tier I railroad retirement tax. 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. Visit us on Mastodon 402(b)(2)) is amended by striking subsections (k)(5) and (q) and inserting subsection (q). This bill was introduced on October 26, 2021, in a previous session of Congress, but it did not receive a vote. 402(d)(7)(D)) is amended. Elimination of work-related termination of hospital insurance benefits. Launched in 2004, GovTrack helps everyone learn about and track the activities of the United States Congress. If you can, please take a few minutes to help us improve GovTrack for users like you. Subsections (e)(2) and (f)(2) of section 202 of such Act (42 U.S.C. 202. Section 704 of the Social Security Act (42 U.S.C. 402(k)) is amended by striking paragraph (5). 434) the following new section: Deemed wages for caregivers of dependent relatives. |accessdate=March 1, 2023 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. Congress must also ensure the benefits keep up with Americans' expenses today, tomorrow, and forever. "Social Security is a sacred commitment made to all Americans and a promise that must be fulfilled. Extending the childs benefit for post-secondary school students under age 26. 107. Washington, D.C. 20515 . 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. Social Security would see its first increase in 50 years if a bill co-sponsored by Alabama Congresswoman Terri Sewell becomes law. The amendments made by this section shall apply with respect to applications for childs 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 for childs insurance benefits for any month after calendar year 2026. hololive mel real face. Sec. 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. (Co-sponsor) 409(k)(1)), as amended by sections 103(c) and 106(b), is further amended by inserting 206(a)(2)(A), after 203(f)(8)(B)(ii),. 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. Launched in 2004, GovTrack helps everyone learn about and track the activities of the United States Congress. Youve cast your vote. The amendments made by subsection (b) shall apply to taxable years beginning after December 31, 2021. in section 203(a)(6)(A) (42 U.S.C. Date of termination of widows and widowers benefits. the term excess self-employment income means that portion of the self-employment income of an individual credited to a year after 2021 in excess of the higher of $400,000 or such contribution and benefit base for the year. For calendar years 2044 through 2046, 2.0 percent. such other information as the Commissioner considers relevant. Subsection (m) of section 6654 of the Internal Revenue Code of 1986 is amended to read as follows: Special rule for certain employment taxes. Section 202(d)(1)(F) of such Act (42 U.S.C. 302. the term poverty guideline for 2021 means the annual poverty guideline for 2021 (as updated annually in the Federal Register by the Department of Health and Human Services under the authority of section 673(2) of the Omnibus Budget Reconciliation Act of 1981) as applicable to a single individual. 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. 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. check that your profile has your current email address before its too late. Would you like to join our advisory group to work with us on the future of GovTrack? 82, Larson Commends President Bidens Calls to Protect and Expand Social Security. Representative for Connecticut's 1st congressional district. was a full-time elementary or secondary school student and had not attained the age of 22, was a qualifying post-secondary school student and had not attained the age of 26, or, is under a disability (as defined in section 223(d)) which began before he attained the age of 22, and, Definition of qualifying post-Secondary school student, Section 202(d)(7) of such Act (42 U.S.C. Effective beginning on January 1, 2022, any reference in law (other than section 201(a) of the Social Security Act) to the Federal Old-Age and Survivors Insurance Trust Fund or the Federal Disability Insurance Trust Fund is deemed to be a reference to the Social Security Trust Fund. Because you are a member of panel, your positions on legislation and notes below will be shared with the panel administrators. 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. 11. by amending paragraph (4) to read as follows: The Commissioner of Social Security shall determine according to such methods and procedures as the Commissioner may deem appropriate the total amount to be reimbursed for the cost of services under this subsection. 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. Title XI of the Social Security Act (42 U.S.C. 301. We hope to make GovTrack more useful to policy professionals like you. 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. 202 Cosponsors Specifically, 202 House Democrats have co-sponsored the Social Security 2100: A Sacred Trust (SS-AST) legislation, a dishonest proposal that promises five years of various benefit increases based. Ends the 5-month waiting periodto receive disability benefits, so those with severe disabilities no longer have to wait. Section 201 of such Act is further amended. 402(d)(6)(D)) is amended to read as follows: Section 202(d)(6)(E) of such Act (42 U.S.C. Social Security 2100 contains one provision that would increase Social Security revenues. For purposes of this subsection, the term remuneration does not include remuneration referred to in any paragraph of subsection (a). 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. Clarifying the requirement to mail Social Security account statements. To see a comparison of Social Security 2100: A Sacred Trust with Republican plans, click here. on this bill on a six-point scale from strongly oppose to strongly support. Subsection (c) of section 86 of such Code is amended to read as follows: For purposes of this section, the term base amount means. 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. Representative for Connecticut's 1st congressional district. Section 215(i)(1) of the Social Security Act as in effect in December 1978, and as applied in certain cases under the provisions of such Act as in effect after December 1978, is amended by adding at the end the following new subparagraph: Section 215(i)(4) of the Social Security Act (42 U.S.C. 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. transferring in and out of a bed or in and out of a chair. Forcing name change applications to mail. Now what? Section 201(j) of such Act is amended by striking the Federal Old-Age and Survivors Insurance Trust Fund, or the Federal Disability Insurance Trust Fund (as determined appropriate by the Commissioner of Social Security) and inserting the Social Security Trust Fund. Section 201(a) of the Social Security Act (42 U.S.C. in section 703(j), by striking Federal Disability Insurance Trust Fund, the Federal Old-Age and Survivors Insurance Trust Fund, and inserting Social Security Trust Fund; in section 708(c), by striking the OASDI trust fund ratio under section 201(l), after computing; in subsection (a), by striking Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund and inserting Social Security Trust Fund; and, in paragraph (1), by striking section 201(l) or; and, in paragraph (2), by striking Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund and inserting Social Security Trust Fund; and, by striking any Trust Fund specified in subsection (a) and inserting the Social Security Trust Fund; and. That's why, as Chairman of the House Ways and Means Social Security Subcommittee, Rep. Larson authored theSocial Security 2100: A Sacred Trust. without the assistance described in clause (i), could not perform such activities of daily living or instrumental activities of daily living. 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. Were collecting the statements of stakeholder organizations. Social Security 2100: A Sacred Trust, which you introduced today. The legislation increases Social Security's modest benefits both across the board and also in long overdue ways. Social Security 2100: A Sacred Trust. such beneficiary shall be entitled to an increase with respect only to one such benefit. Mastodon is an alternative social media platform. Section 223(a)(1) of the Social Security Act (42 U.S.C. We love educating Americans about how their government works too! 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. 101. 409(k)(1)) is amended, by striking and before 230(b)(2) the first time it appears; and. 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. Improved inflation protection will especially help older retirees, people of color, and widows who are more likely to rely on Social Security benefits as they age. 104. Sec. Sec. The increase required under paragraph (1) with respect to the monthly insurance benefit of an individual who is a qualified beneficiary for a calendar year shall be equal to the applicable percentage (specified for such benefit in subparagraph (B)) of the full increase amount for such calendar year (determined under subparagraph (C)). 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. Both across the board and also in long overdue ways and ( f ) of the Social Act... 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