Social Security for Future Generations Act of 2019

Summary

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.

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Timeline

1. 30 July 2019

   Introduced

   Introduced in House

   Source: IntroReferral

2. 30 July 2019

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

3. 30 July 2019

   Introduced

   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.

   Source: IntroReferral

4. 30 July 2019

   Introduced

   Introduced in House

   Source: IntroReferral

5. 31 July 2019

   Referred

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 July 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 July 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 July 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 July 2019

  Open at official source

Sponsors

• Al Lawson · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Tlaib, Rashida [D-MI-12] · D · Sponsor
• Frederica Wilson · D · Sponsor
• James McGovern · D · Cosponsor
• · hsif00 · Standing
• · hspw00 · Standing
• · hswm00 · Standing
• · hsed00 · Standing

Related records

• related to → Social Security for Future Generations Act of 2021
• related to ← Social Security for Future Generations Act of 2017