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H.R. 1984 · 114th Congress

FAIR Social Security Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

PDD DeFazioSponsor
10 cosponsors · 10 D
JCD Conyers SDD DelBene RGD Grijalva CPD Pingree LSD Slaughter JMD McNerney MLD Lujan Grisham EPD Perlmutter PVD Visclosky BLD Lee

5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Fair Adjustment and Income Revenue for Social Security Act or the FAIR Social Security Act

What it does: CRS summary · Introduced in House · Apr 23, 2015

Fair Adjustment and Income Revenue for Social Security Act or the FAIR Social Security Act

This bill repeals the cap on the amount of income ($118,500 in 2015) that is subject to the employment or self-employment tax for funding social security benefits. The bill also reallocates employment and self-employment tax revenues to increase Social Security Trust Fund solvency.

The Bureau of Labor Statistics of the Department of Labor must prepare and publish an index for each calendar month to be known as the Consumer Price Index for Elderly Consumers that indicates changes in expenditures for consumption that are typical for individuals who are 62 years of age or older. This Index will be used to adjust benefit amounts under the Old Age, Survivors, and Disability Insurance program and Medicare.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: FAIR Social Security Act

Also known as: Fair Adjustment and Income Revenue for Social Security Act

Latest action (Nov 16, 2015): Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

Policy area: Taxation · Origin: House · Introduced: Apr 23, 2015

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.