HR 860 · 116th Congress 2019–2021, ended

Social Security 2100 Act

Introduced Jan 30, 2019 Originated House Sponsor John B. Larson D-CT

Fact sheet

Latest action · Jan 30, 2019 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.

  1. IntroducedJan 30, 2019
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Social Security 2100 Act

This bill increases various Old Age, Survivors, and Disability Insurance (OASDI) benefits and related taxes.

The bill increases the primary insurance amount (e.g., the amount a Social Security beneficiary receives if the beneficiary begins receiving benefits at normal retirement age) by increasing the percentage of the beneficiary's average indexed monthly earnings used to calculate the amount.

The Bureau of Labor Statistics shall publish a Consumer Price Index for Elderly Consumers, which the Social Security Administration  (SSA) shall use to calculate cost-of-living adjustments to benefits. Currently, the SSA uses a price index for wage earners to make such adjustments.

The bill increases the minimum benefit amount for individuals who worked for more than 10 years by creating an alternative minimum benefit. A qualifying beneficiary shall receive that alternative minimum if it is higher than the standard calculated benefit amount.

The bill increases the income threshold that a beneficiary must reach before Social Security benefits are taxable.

Increased benefits from this bill shall not count as income when determining an individual's eligibility or benefit amounts for (1) Medicaid, (2) the Children's Health Insurance Program, or (3) the Supplemental Security Income program.

Income above $400,000 shall be included when calculating Social Security benefits and taxes. The bill also increases rates for the payroll and self-employment taxes that fund OASDI.

The bill establishes the Social Security Trust Fund, which replaces the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.


Cosponsors 211

Members who signed on, in the order they did. Signatures ran from Jan 30, 2019 to Dec 2, 2020, with 201 there on the day it was introduced.

SeatCosponsorSigned on
D-VAA. Donald McEachinOriginalJan 30, 2019
D-CAAdam B. SchiffOriginalJan 30, 2019
D-WAAdam SmithOriginalJan 30, 2019
D-NYAdriano EspaillatOriginalJan 30, 2019
D-TXAl GreenOriginalJan 30, 2019
D-FLAl Lawson, Jr.OriginalJan 30, 2019
D-CAAlan S. LowenthalOriginalJan 30, 2019
D-NJAlbio SiresOriginalJan 30, 2019
D-FLAlcee L. HastingsOriginalJan 30, 2019
D-NYAlexandria Ocasio-CortezOriginalJan 30, 2019
D-NCAlma S. AdamsOriginalJan 30, 2019
D-CAAmi BeraOriginalJan 30, 2019
D-INAndré CarsonOriginalJan 30, 2019
D-NJAndy KimOriginalJan 30, 2019
D-MIAndy LevinOriginalJan 30, 2019
Show all 211 cosponsors

Actions 3

Everything that happened, newest first.

  1. Jan 30, 2019Introduced in House
  2. Jan 30, 2019Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, 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.
  3. Jan 30, 2019Referred to the Subcommittee on Social Security.

Related bills 3

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 269Social Security 2100 ActIdentical billJan 30, 2019
HR 1170Social Security Expansion ActRelated billFeb 14, 2019
S 1950Strengthen Social Security by Taxing Dynastic Wealth ActRelated billJun 25, 2019

Subjects

Assigned by the Library of Congress. Policy area: Social Welfare.

Text 1

Each version as it was printed, newest first.

  1. Jan 30, 2019Introduced in House

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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.