United States · Bill · S
S. 2251 (114th)
SAVE Benefits Act
Introduced
5 November 2015
Last action
5 November 2015 · Introduced
Status
Read twice and referred to the Committee on Finance.
Sponsors
Sen. Warren, Elizabeth [D-MA], Sen. Mikulski, Barbara A. [D-MD], Sen. Murray, Patty [D-WA], Sen. Schumer, Charles E. [D-NY], Sen. Nelson, Bill [D-FL], Sen. Stabenow, Debbie [D-MI], Sen. Cantwell, Maria [D-WA], Sen. Sanders, Bernard [I-VT], Sen. Brown, Sherrod [D-OH], Sen. Casey, Robert P., Jr. [D-PA], Sen. Whitehouse, Sheldon [D-RI], Sen. Merkley, Jeff [D-OR], Sen. Gillibrand, Kirsten E. [D-NY], Sen. Franken, Al [D-MN], Sen. Blumenthal, Richard [D-CT], Sen. Murphy, Christopher [D-CT], Sen. Hirono, Mazie K. [D-HI], Sen. Baldwin, Tammy [D-WI], Sen. Markey, Edward J. [D-MA], Sen. Leahy, Patrick J. [D-VT], Sen. Booker, Cory A. [D-NJ], Sen. Peters, Gary C. [D-MI], Sen. Durbin, Richard J. [D-IL]
Subjects
Taxation
Source updated
14 January 2026
Summary
Seniors And Veterans Emergency Benefits Act or the SAVE Benefits Act This bill directs the Department of the Treasury to disburse a payment equal to 3.9% of the average amount of annual benefits to certain individuals (except prisoners, fugitive felons, or aliens) who are entitled to a specified benefit under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA), an annuity under the Railroad Retirement Act of 1974, a veterans benefit, or are eligible for a cash benefit under SSA title XVI (Supplemental Security Income), including a special benefit for individuals who perform substantial gainful activity despite severe medical impairment. A refundable income tax credit is allowed for the first taxable year beginning in 2015 in an amount equal to $581 for certain eligible government retirees who do not receive such a payment. The Internal Revenue Code is amended, with respect to the $1 million limitation on the deductibility of employee compensation, to: eliminate the exemption from that limitation for compensation payable on a commission basis or upon the attainment of a performance goal; extend the limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; and apply the limitation to all publicly-held corporations required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
5 November 2015
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
5 November 2015
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 5 November 2015 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 5 November 2015
Introduced in Senate (PDF)
Introduced in Senate · EN · 5 November 2015
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Introduced in Senate
summary · EN · 5 November 2015
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Sponsors
- Sen. Warren, Elizabeth [D-MA] · D · Sponsor
- Sen. Mikulski, Barbara A. [D-MD] · D · Sponsor
- Sen. Murray, Patty [D-WA] · D · Sponsor
- Sen. Schumer, Charles E. [D-NY] · D · Sponsor
- Sen. Nelson, Bill [D-FL] · D · Sponsor
- Sen. Stabenow, Debbie [D-MI] · D · Sponsor
- Sen. Cantwell, Maria [D-WA] · D · Sponsor
- Sen. Sanders, Bernard [I-VT] · I · Sponsor
- Sen. Brown, Sherrod [D-OH] · D · Sponsor
- Sen. Casey, Robert P., Jr. [D-PA] · D · Sponsor
- Sen. Whitehouse, Sheldon [D-RI] · D · Sponsor
- Sen. Merkley, Jeff [D-OR] · D · Sponsor
- Sen. Gillibrand, Kirsten E. [D-NY] · D · Sponsor
- Sen. Franken, Al [D-MN] · D · Sponsor
- Sen. Blumenthal, Richard [D-CT] · D · Sponsor
- Sen. Murphy, Christopher [D-CT] · D · Sponsor
- Sen. Hirono, Mazie K. [D-HI] · D · Sponsor
- Sen. Baldwin, Tammy [D-WI] · D · Sponsor
- Sen. Markey, Edward J. [D-MA] · D · Sponsor
- Sen. Leahy, Patrick J. [D-VT] · D · Cosponsor
- Sen. Booker, Cory A. [D-NJ] · D · Cosponsor
- Sen. Peters, Gary C. [D-MI] · D · Cosponsor
- Sen. Durbin, Richard J. [D-IL] · D · Cosponsor
- · ssfi00 · Standing
Related records
- related to → Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
- related to ← SAVE Benefits Act
- related to ← Seniors And Veterans Emergency (SAVE) Benefits Act
- related to ← SENIORS Act of 2015
- related to ← Social Security Safety Dividend Act of 2016
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/2251
- Open data entity: https://api.congress.gov/v3/bill/114/s/2251
- us · 114-s-2251 · source updated 14 January 2026