H.R. 5737 · 117th Congress
Social Security for Future Generations Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LawsonSponsor14 cosponsors · 14 D
D
Adams
SC
D
Cohen
TC
D
Cárdenas
DE
D
Evans
AG
D
Green
CG
D
García
MK
D
Kaptur
JM
D
McGovern
CP
D
Pingree
BR
D
Rush
MS
D
San Nicolas
RT
D
Tlaib
FW
D
Wilson
JN
D
Neguse13 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill increases specified benefits and taxes related to, and otherwise modifies, the Social Security program. Changes to benefits include
What it does: CRS summary · Introduced in House · Oct 26, 2021
Social Security for Future Generations Act of 2021
This bill increases specified benefits and taxes related to, and otherwise modifies, the Social Security program.
Changes to benefits include
- increasing the primary insurance amount for certain beneficiaries;
- revising the method for calculating cost-of-living adjustments by using a price index that tracks the spending patterns of older consumers;
- extending benefits through age 22 to full-time students who are eligible children of deceased, disabled, or retired workers;
- establishing a new minimum benefit for certain lifetime low-earners; and
- establishing an alternative benefit based on combined household benefits for widows or widowers in two-income households.
Changes to taxes include subjecting earnings in excess of $250,000 to Social Security payroll taxes. No taxes shall be applied to earnings between the contribution base (the maximum amount subject to the Social Security payroll tax, set at $142,800 for 2021) and $250,000.
The bill preserves eligibility for Supplemental Security Income payments and other means-tested programs, despite any changes to an individual's Social Security benefits under the bill.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Social Security for Future Generations Act of 2021
Latest action (Oct 28, 2021): Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Policy area: Social Welfare · Origin: House · Introduced: Oct 26, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.