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HR 521 118th Congress House Social Welfare Disability assistance Inflation and prices Social security and elderly assistance

Social Security Guarantee Act of 2023

Introduced: December 13, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Dec 17, 2024
Referred to the Subcommittee on Social Security.
Jan 25, 2023
Referred to the House Committee on Ways and Means.
Jan 25, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Social Security Guarantee Act of 2023

This bill requires the Department of the Treasury to issue certificates to Social Security beneficiaries that guarantee them the full monthly benefit amount to which they are entitled and at least an annual cost-of-living increase to their benefits. It also provides additional mandatory funding for those benefits.

Currently, Social Security beneficiaries are entitled to their benefits, but benefits are primarily funded through a payroll tax (including assets derived from the tax held in reserve). Actuarial projections reported by the Social Security Board of Trustees indicate that in 2035 there will be insufficient tax revenue and reserved assets to cover the full amount of benefit payments.

What's happening now December 17, 2024

Referred to the Subcommittee on Social Security.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Republican 4
R
Perry, Scott
Pennsylvania · Oct 15, 2024
 R
Tiffany, Thomas P.
Wisconsin · May 1, 2024
 R
Van Drew, Jefferson
New Jersey · Feb 1, 2024
Posey, Bill
· Dec 13, 2023
 R
Boebert, Lauren
Colorado · Mar 7, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 521: Social Security Guarantee Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-521/
MLA
"H.R. 521: Social Security Guarantee Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-521/.
Bluebook (legal)
H.R. 521, 118th Cong. (2026), https://openamerica.io/bill/118-HR-521/.
Markdown link
[H.R. 521: Social Security Guarantee Act of 2023](https://openamerica.io/bill/118-HR-521/)
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