Social Security Expansion Act

Summary

Social Security Expansion Act This bill increases benefits and certain taxes related to the Social Security program. Changes to benefits include (1) increasing the primary insurance amount for certain beneficiaries; (2) revising the method of calculating cost-of-living adjustments; (3) establishing a new minimum benefit for certain low earners; and (4) allowing certain children of retired, deceased, or disabled workers to receive benefits until age 22 if they are a full-time student. Changes to taxes include (1) increasing the net investment income tax and making active trade or business income subject to this tax; and (2) extending payroll taxes on wages, salaries, and self-employment earnings to income above $250,000 (the maximum amount subject to the Social Security payroll tax is currently $147,000 for 2022). The bill also combines the existing Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a single Social Security Trust Fund.

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

Timeline

1. 9 June 2022

   Introduced

   Introduced in House

   Source: IntroReferral

2. 9 June 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 June 2022

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on 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

4. 10 June 2022

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 June 2022 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 June 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 June 2022

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 9 June 2022

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  Vertaal document

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Sponsors

• Rep. DeFazio, Peter A. [D-OR-4] · D · Sponsor
• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• Rep. Lynch, Stephen F. [D-MA-8] · D · Sponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Sponsor
• Rep. Moore, Gwen [D-WI-4] · D · Sponsor
• Rep. Jayapal, Pramila [D-WA-7] · D · Sponsor
• Rep. Payne, Donald M., Jr. [D-NJ-10] · D · Sponsor
• Rep. Bowman, Jamaal [D-NY-16] · D · Sponsor
• Rep. Tlaib, Rashida [D-MI-12] · D · Sponsor
• Rep. Adams, Alma S. [D-NC-12] · D · Sponsor
• Rep. García, Jesús G. "Chuy" [D-IL-4] · D · Sponsor
• Rep. Raskin, Jamie [D-MD-8] · D · Sponsor
• Rep. Jackson Lee, Sheila [D-TX-18] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Ocasio-Cortez, Alexandria [D-NY-14] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Michael San Nicolas · D · Sponsor
• Rep. Larsen, Rick [D-WA-2] · D · Cosponsor
• Rep. Napolitano, Grace F. [D-CA-32] · D · Cosponsor
• Rep. Maloney, Carolyn B. [D-NY-12] · D · Cosponsor
• Rep. Stansbury, Melanie A. [D-NM-1] · D · Cosponsor
• Rep. Nadler, Jerrold [D-NY-12] · D · Cosponsor
• Rep. Jones, Mondaire [D-NY-17] · D · Cosponsor
• · hspw00 · Standing
• · hswm00 · Standing
• · hsed00 · Standing

Related records

• related to → Social Security Stabilization and Enhancement Act
• related to → Social Security Expansion Act