Social Security for Future Generations Act of 2021

Summary

Social Security for Future Generations Act of 2021 This bill increases specified benefits and taxes related to, and otherwise modifies, the Social Security 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 payroll taxes. No taxes shall be applied to earnings between the contribution base (the maximum amount subject to the Social Security payroll tax, set at $142,800 for 2021) and $250,000. The bill preserves eligibility for Supplemental Security Income payments and other means-tested programs, despite any changes to an individual's Social Security benefits under the bill.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 26 October 2021

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

2. 26 October 2021

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and Labor, and Transportation and Infrastructure, 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. 26 October 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 26 October 2021

   Introduced

   Introduced in House

   Source: IntroReferral

5. 27 October 2021

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

6. 28 October 2021

   Referred

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 26 October 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 26 October 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 26 October 2021

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 26 October 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  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. Cárdenas, Tony [D-CA-29] · D · Sponsor
• Rep. Wilson, Frederica S. [D-FL-24] · D · Sponsor
• Michael San Nicolas · D · Sponsor
• Rep. Rush, Bobby L. [D-IL-1] · D · Sponsor
• Rep. García, Jesús G. "Chuy" [D-IL-4] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Rep. Tlaib, Rashida [D-MI-12] · D · Sponsor
• Rep. Adams, Alma S. [D-NC-12] · D · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Sponsor
• Rep. Evans, Dwight [D-PA-3] · D · Sponsor
• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• Rep. Green, Al [D-TX-9] · D · Sponsor
• Rep. Neguse, Joe [D-CO-2] · D · Cosponsor
• · hspw00 · Standing
• · hsif00 · Standing
• · hswm00 · Standing
• · hsed00 · Standing

Related records

• related to ← Social Security for Future Generations Act of 2019