HR 4121
116th Congress
House
Social Welfare
Child health
Employment taxes
Health care costs and insurance
Higher education
Inflation and prices
Medicaid
Poverty and welfare assistance
Self-employed
Social security and elderly assistance
Wages and earnings
Social Security for Future Generations Act of 2019
Introduced: July 30, 2019
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2019
Referred to the Subcommittee on Health.
Jul 31, 2019
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Jul 30, 2019
Referred to the Subcommittee on Social Security.
Jul 30, 2019
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Transportation and Infrastructure, and Energy and Commerce, 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.
Jul 30, 2019
Introduced in House
Plain-English summary
Social Security for Future Generations Act of 2019
This bill increases specified benefits and taxes related to the Old-Age, Survivors, and Disability Insurance (OASDI) program and otherwise modifies the program.
Changes to benefits include
- increasing the primary insurance amount for certain beneficiaries;
- revising the method for calculating cost-of-living adjustments by using a price index that tracks the spending patterns of older consumers;
- extending benefits through age 22 to full-time students who are eligible children of deceased, disabled, or retired workers;
- establishing a new minimum benefit for certain lifetime low-earners; and
- establishing an alternative benefit based on combined household benefits for widows or widowers in two-income households.
Changes to taxes include subjecting earnings in excess of $250,000 to Social Security taxes. No taxes shall be applied to earnings between the contribution base (the maximum amount subject to the Social Security payroll tax, set at $137,700 for 2020) and $250,000.
In addition, the bill preserves eligibility for Supplemental Security Income payments and other means-tested programs by limiting the amount of OASDI payments considered in eligibility determinations.
What's happening now
Referred to the Subcommittee on Health.