Social Security for Future Generations Act of 2017
Latest action · Jun 20, 2017 Referred to the Subcommittee on Social Security.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 8, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Social Security for Future Generations Act of 2017
This bill amends the Internal Revenue Code and the Social Security Act (SSAct) to apply employment and self-employment taxes to remuneration up to the contribution and benefit base ($127,200 in 2017) and to remuneration in excess of $250,000 beginning in calender years after 2017.
Title II (Old Age, Survivor and Disability Insurance [OASDI]) of the SSAct is amended to: (1) include 2% of an individual's excess average indexed monthly earnings (over $250,000 per annum) in the formula for determining primary insurance amounts; (2) revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers (CPI-E); (3) provide extended benefit eligibility for children of disabled, retired, or deceased workers who are full-time students; (4) increase the special minimum primary insurance amount for lifetime low-wage workers; and (5) provide an alternate benefit amount for widow's and widower's insurance benefits.
The bill preserves eligibility for supplemental security income payments, Medicaid, and the Children's Health Insurance Program (CHIP) by limiting the amount of OASDI payments considered in eligibility determinations.
Cosponsors 19
Members who signed on, in the order they did. Signatures ran from Jun 8, 2017 to Sep 5, 2017, with 15 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-VA | A. Donald McEachin | Original | Jun 8, 2017 |
| D-NY | Adriano Espaillat | Original | Jun 8, 2017 |
| D-FL | Alcee L. Hastings | Original | Jun 8, 2017 |
| D-NC | Alma S. Adams | Original | Jun 8, 2017 |
| D-CA | Barbara Lee | Original | Jun 8, 2017 |
| D-PA | Brendan F. Boyle | Original | Jun 8, 2017 |
| D-PA | Dwight Evans | Original | Jun 8, 2017 |
| D-DC | Eleanor Holmes Norton | Original | Jun 8, 2017 |
| D-FL | Frederica S. Wilson | Original | Jun 8, 2017 |
| D-MI | John Conyers, Jr. | Original | Jun 8, 2017 |
| D-OH | Marcy Kaptur | Original | Jun 8, 2017 |
| D-NY | Nydia M. Velázquez | Original | Jun 8, 2017 |
| D-IL | Robin L. Kelly | Original | Jun 8, 2017 |
| D-TN | Steve Cohen | Original | Jun 8, 2017 |
| D-CA | Tony Cárdenas | Original | Jun 8, 2017 |
Actions 5
Everything that happened, newest first.
- Jun 20, 2017Referred to the Subcommittee on Social Security.
- Jun 9, 2017Referred to the Subcommittee on Health.
- Jun 9, 2017Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- Jun 8, 2017Introduced in House
- Jun 8, 2017Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, 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.
Related bills 6
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 427 | Social Security Expansion Act | Related bill | Feb 16, 2017 |
| HR 1114 | Social Security Expansion Act | Related bill | Mar 1, 2017 |
| HR 1583 | Protecting Our Widows and Widowers in Retirement (POWR) Act | Related bill | Mar 24, 2017 |
| HR 1631 | Save Social Security Act of 2017 | Related bill | Mar 20, 2017 |
| HR 1902 | Social Security 2100 Act | Related bill | Apr 17, 2017 |
Subjects
Assigned by the Library of Congress. Policy area: Social Welfare.
Text 1
Each version as it was printed, newest first.
- Jun 8, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.