Social Security for Future Generations Act of 2021
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Social Security for Future Generations Act of 2021
This bill increases specified benefits and taxes related to, and otherwise modifies, the Social Security 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 payroll taxes. No taxes shall be applied to earnings between the contribution base (the maximum amount subject to the Social Security payroll tax, set at $142,800 for 2021) and $250,000.
The bill preserves eligibility for Supplemental Security Income payments and other means-tested programs, despite any changes to an individual's Social Security benefits under the bill.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5737: Social Security for Future Generations Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-5737/
"H.R. 5737: Social Security for Future Generations Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-5737/.
H.R. 5737, 117th Cong. (2026), https://openamerica.io/bill/117-HR-5737/.
[H.R. 5737: Social Security for Future Generations Act of 2021](https://openamerica.io/bill/117-HR-5737/)