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HR 4728 114th Congress House Social Welfare Social security and elderly assistance Wages and earnings

SWEPT Act of 2016

Introduced: March 10, 2016 Introduced by: Smith, Adam Democratic · Washington See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2016
Referred to the Subcommittee on Social Security.
Mar 10, 2016
Referred to the House Committee on Ways and Means.
Mar 10, 2016
Introduced in House
 Plain-English summary Congressional Research Service

SWEPT Act of 2016

This bill amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act with respect to the exception to the windfall elimination provision (WEP) under which an individual's Social Security benefits may be reduced for work for an employer that does not withhold Social Security taxes.

The bill revises the formula for computation of an individual's primary insurance benefit amount to: (1) lower from 30 to 25 the number of years of coverage required for exception to the WEP; (2) alter the determination of partial exemptions for those who have more than 20 but less than 25 years of coverage; and (3) reduce the dollar amount of annual earnings subject to Social Security taxes required to constitute an applicable year of Social Security coverage.

What's happening now March 14, 2016

Referred to the Subcommittee on Social Security.

 Committees of jurisdiction 2