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S 1940 114th Congress Senate

Safeguarding American Families and Expanding Social Security Act of 2015

Official title: A bill to improve the retirement security of American families by increasing Social Security benefits for current and future beneficiaries while making Social Security stronger for future generations.

Introduced: August 5, 2015 Introduced by: Schatz, Brian Democratic · Hawaii See on congress.gov
Social Welfare AgingEmployment taxesInflation and pricesSelf-employed
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Social 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 2015
Read twice and referred to the Committee on Finance.
Aug 5, 2015
Introduced in Senate
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 Latest action August 5, 2015

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Safeguarding American Families and Expanding Social Security Act of 2015

This bill amends the Internal Revenue Code to prescribe special rules for the determination of taxable wages and self-employment income above the contribution and benefit base after 2015.

Title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSAct) is amended to include surplus average indexed monthly earnings in the determination of primary OASDI amounts.

The Bureau of Labor Statistics of the Department of Labor shall prepare and publish the Consumer Price Index for Elderly Consumers (CPI-EC) that indicates changes over time in expenditures for consumption which are typical for individuals in the United States who have attained early retirement age for purposes of an old-age, wife's, or husband's insurance benefit.

SSAct title II is also amended to make the CPI-EC the applicable Consumer Price Index for computation of cost-of-living increases in OASDI benefits for such individuals.

 Related & companion bills 3
  • HR 1811 Related bill Protecting and Preserving Social Security Act
  • S 960 Related bill Protecting and Preserving Social Security Act
  • HR 5952 Related bill Strengthening Social Security Act of 2016
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1940: Safeguarding American Families and Expanding Social Security Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-1940/
MLA
"S. 1940: Safeguarding American Families and Expanding Social Security Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1940/.
Bluebook (legal)
S. 1940, 114th Cong. (2026), https://openamerica.io/bill/114-S-1940/.
Markdown link
[S. 1940: Safeguarding American Families and Expanding Social Security Act of 2015](https://openamerica.io/bill/114-S-1940/)
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