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HR 1984 114th Congress House

FAIR Social Security Act

Official title: To amend the Internal Revenue Code of 1986 and title II of the Social Security Act to repeal the cap on compensation subject to the payroll tax, to reallocate … Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 and title II of the Social Security Act to repeal the cap on compensation subject to the payroll tax, to reallocate payroll tax revenue to the Social Security Trust Funds, to apply the CPI-E to Social Security cost-of-living increases, and for other purposes.

Introduced: April 23, 2015 See on congress.gov
Taxation AgingEmployment taxesGovernment trust fundsInflation and prices
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MedicareSelf-employedSocial security and elderly assistanceWages and earnings
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 16, 2015
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Apr 23, 2015
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
Apr 23, 2015
Introduced in House
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 Latest action November 16, 2015

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

 Plain-English summary Congressional Research Service

Fair Adjustment and Income Revenue for Social Security Act or the FAIR Social Security Act

This bill repeals the cap on the amount of income ($118,500 in 2015) that is subject to the employment or self-employment tax for funding social security benefits. The bill also reallocates employment and self-employment tax revenues to increase Social Security Trust Fund solvency.

The Bureau of Labor Statistics of the Department of Labor must prepare and publish an index for each calendar month to be known as the Consumer Price Index for Elderly Consumers that indicates changes in expenditures for consumption that are typical for individuals who are 62 years of age or older. This Index will be used to adjust benefit amounts under the Old Age, Survivors, and Disability Insurance program and Medicare.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 3
All 3 Democratic 2
VISCLOSKY, PETER
· May 12, 2016
 D
DelBene, Suzan K.
Washington · Apr 23, 2015
 D
Pingree, Chellie
Maine · Apr 23, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1984: FAIR Social Security Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1984/
MLA
"H.R. 1984: FAIR Social Security Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1984/.
Bluebook (legal)
H.R. 1984, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1984/.
Markdown link
[H.R. 1984: FAIR Social Security Act](https://openamerica.io/bill/114-HR-1984/)
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