Social Security for Future Generations Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 30, 2019)
Social Security for Future Generations Act of 2019
This bill increases specified benefits and taxes related to the Old-Age, Survivors, and Disability Insurance (OASDI) program and otherwise modifies the 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 taxes. No taxes shall be applied to earnings between the contribution base (the maximum amount subject to the Social Security payroll tax, set at $137,700 for 2020) and $250,000.
In addition, the bill preserves eligibility for Supplemental Security Income payments and other means-tested programs by limiting the amount of OASDI payments considered in eligibility determinations.
What just happenedJul 31, 2019
Referred to the Subcommittee on Health.
Who’s behind it
- Introduced in HouseJul 30, 2019
- Jul 31, 2019Committee
Referred to the Subcommittee on Health.
Health Subcommittee - Jul 31, 2019Committee
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Railroads, Pipelines, and Hazardous Materials Subcommittee - Jul 30, 2019Committee
Referred to the Subcommittee on Social Security.
Social Security Subcommittee - Jul 30, 2019IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Transportation and Infrastructure, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Energy and Commerce Committee - Jul 30, 2019IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Transportation and Infrastructure, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Transportation and Infrastructure Committee - Jul 30, 2019IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Transportation and Infrastructure, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Education and the Workforce Committee - Jul 30, 2019IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Transportation and Infrastructure, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ways and Means Committee - Jul 30, 2019IntroReferralIntro-H
Introduced in House
- Jul 30, 2019IntroReferral1000
Introduced in House