Social Security for Future Generations Act of 2017

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.

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Timeline

1. 8 June 2017

   Introduced

   Referred 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.

   Source: IntroReferral

2. 8 June 2017

   Introduced

   Referred 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.

   Source: IntroReferral

3. 8 June 2017

   Introduced

   Introduced in House

   Source: IntroReferral

4. 8 June 2017

   Introduced

   Introduced in House

   Source: IntroReferral

5. 9 June 2017

   Referred

   Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

   Source: Committee

6. 20 June 2017

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 June 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 June 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 June 2017

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 8 June 2017

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Lawson, Al, Jr. [D-FL-5] · D · Sponsor
• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• Rep. Espaillat, Adriano [D-NY-13] · D · Sponsor
• Rep. Adams, Alma S. [D-NC-12] · D · Sponsor
• Rep. Hastings, Alcee L. [D-FL-20] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Boyle, Brendan F. [D-PA-2] · D · Sponsor
• Rep. McEachin, A. Donald [D-VA-4] · D · Sponsor
• Rep. Evans, Dwight [D-PA-3] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Wilson, Frederica S. [D-FL-24] · D · Sponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Sponsor
• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• Rep. Kelly, Robin L. [D-IL-2] · D · Sponsor
• Rep. Cárdenas, Tony [D-CA-29] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Cosponsor
• Sen. Blunt Rochester, Lisa [D-DE] · D · Cosponsor
• Rep. Green, Gene [D-TX-29] · D · Cosponsor
• Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] · D · Cosponsor
• · hswm00 · Standing
• · hsif00 · Standing
• · hspw00 · Standing
• · hsed00 · Standing

Related records

• related to → Social Security Expansion Act
• related to → Protecting Our Widows and Widowers in Retirement (POWR) Act
• related to → Save Social Security Act of 2017
• related to → Social Security 2100 Act
• related to → Social Security Expansion Act
• related to → Social Security for Future Generations Act of 2019
• related to ← Social Security 2100 Act