Harder of California, Ms. Houlahan, Mr. Huffman, Ms. Jacobs of California, Ms. Jayapal, Mr. Jeffries, Mr. Johnson of Georgia, Ms. Johnson of Texas, Mr. Jones, Mr. Kahele, Ms. Kaptur, Mr. Keating, Ms. Kelly of Illinois, Mr. Khanna, Mr. Kilmer, Mr. Kim of New Jersey, Mrs. Kirkpatrick, Ms. Kuster, Mr. Lamb, Mr. Langevin, Mr. Larsen of Washington, Mrs. Lawrence, Mr. Lawson of Florida, Ms. Jackson Lee, Ms. Lee of California, Mr. Levin of Michigan, Mr. Levin of California, Mr. Lieu, Ms. Lofgren, Mr. Lowenthal, Mr. Lynch, Mr. Malinowski, Mr. Sean Patrick Maloney of New York, Mrs. Carolyn B. Maloney of New York, Ms. Manning, Ms. Matsui, Ms. McCollum, Mr. McEachin, Mr. McGovern, Mr. McNerney, Mr. Meeks, Ms. Meng, Mr. Mfume, Mr. Morelle, Mr. Moulton, Mr. Mrvan, Mr. Nadler, Mrs. Napolitano, Mr. Neguse, Ms. Newman, Mr. San Nicolas, Mr. Norcross, Ms. Norton, Ms. Omar, Mr. Pallone, Mr. Payne, Mr. Perlmutter, Mr. Phillips, Ms. Pingree, Mr. Pocan, Ms. Porter, Ms. Pressley, Mr. Price of North Carolina, Mr. Quigley, Mr. Raskin, Ms. Blunt Rochester, Ms. Ross, Mr. Ruiz, Mr. Ruppersberger, Mr. 105. Our mission is to empower every American with the tools to understand and impact Congress. the term basic wages means that portion of the wages of an individual paid in a year that does not exceed the contribution and benefit base for the year; the term basic self-employment income means that portion of the self-employment income of an individual credited to a year that does not exceed an amount equal to the contribution and benefit base for the year minus the amount of the wages paid to the individual in the year; the term excess wages means that portion of the wages of an individual paid in a year after 2021 in excess of the higher of $400,000 or the contribution and benefit base for the year; and. by amending paragraph (4) to read as follows: The Commissioner of Social Security shall determine according to such methods and procedures as the Commissioner may deem appropriate the total amount to be reimbursed for the cost of services under this subsection. By Herb Weiss, contributing writer on aging issues. The preceding sentence shall not apply to that part of the remuneration paid to an individual after remuneration of $400,000 with respect to employment has been paid to such individual by an employer (or any person related to, or acting on behalf of, such employer, as determined by the Secretary) during the calendar year. By Michael Hiltzik Help us develop the tools to bring real-time legislative data into the classroom. 202. the taxes imposed by chapter 2 (other than section 1401(b)) of the Internal Revenue Code of 1986 with respect to self-employment income (as defined in section 1402 of such Code) reported to the Secretary of the Treasury on tax returns under subtitle F of such Code, as determined by the Secretary of the Treasury by applying the applicable rate of tax under such chapter (other than section 1401(b)) to such self-employment income, which self-employment income shall be certified by the Commissioner of Social Security on the basis of the records of self-employment income established and maintained by the Commissioner of Social Security in accordance with such returns. The amendments made by this section shall apply to taxable years beginning after December 31, 2021, and before January 1, 2027. In the House, Representative John Larson (D-Conn.), chairman of the Social Security Subcommittee, is the sponsor of Social Security 2100: A Sacred Trust.This bill is co-sponsored by over 200 House Democrats, including both . One almost has to admire Republicans for the tenacity and determination with which they keep coming up with new ideas for hobbling Social Security. Dear Chairman Larson: I am writing in response to your request for our estimates of the financial effects on Social Security of enacting . an analysis of the criteria used for selecting field or hearing offices for closure, consolidation, or limited access; a description of how the Commissioner has analyzed and considered relevant factors, including but not limited to transportation and communication burdens faced by individuals serviced by the offices, including elderly and disabled citizens; and, a description of any method of cost-benefit analysis applied by the Commissioner in connection with closures and consolidations of field or hearing offices, and other limitations on access to field or hearing offices, including any analysis that takes into account. 412), by inserting excess average indexed monthly earnings, after average indexed monthly earnings, each place it appears; in section 215(e)(1) (42 U.S.C. Recomputation of primary insurance amounts, Notwithstanding section 215(f) of the Social Security Act, the Commissioner of Social Security shall recompute primary insurance amounts to the extent necessary, to carry out the amendments made by this section; and. Increase of the Taxable Wage Base. 411(b)) is amended, by inserting and before 2022 after 1974; and, For any taxable year beginning in any calendar year after 2021, an amount equal to, $400,000, reduced (but not below zero) by, the part of the net earnings from self-employment (if any) which is not in excess of, the amount equal to the contribution and benefit base (as determined under section 230) which is effective for the calendar year in which such taxable year begins, minus, the amount of the wages paid to such individual during such taxable year, plus, the amount of the wages paid to such individual during such taxable year which is in excess of the amount in subclause (I)(aa); or. Sec. Section 1402(j)(2)(A) of the Internal Revenue Code of 1986 is amended by striking all that precedes shall be applied and inserting: Section 1402(j)(2)(B) of such Code is amended by striking paragraph (2) of subsection (b) and inserting subsection (b)(1). 409(a)(1)(I)) is amended by inserting before the semicolon at the end the following: except that this subparagraph shall apply only to calendar years for which the contribution and benefit base (as so determined) is less than $400,000, and, for such calendar years, only to the extent that remuneration with respect to employment paid to such employee does not exceed $400,000. 402(d)(7)(C)) is amended by adding at the end the following: A post-secondary educational institution is an institution described in section 102 of the Higher Education Act of 1965 (20 U.S.C. We hope that with your input we can make GovTrack more accessible to minority and disadvantaged communities who we may currently struggle to reach. Witnesses. Section 1402(b) of the Internal Revenue Code of 1986 is amended to read as follows: The term self-employment income means the net earnings from self-employment derived by an individual, except that such term shall not include net earnings from self-employment if such net earnings for the taxable year are less than $400. You are encouraged to reuse any material on this site. Sec. An individual who is not a citizen of the United States but who is a resident of the Commonwealth of Puerto Rico, the Virgin Islands, Guam, or American Samoa shall not, for purposes of this chapter, be considered to be a nonresident alien individual. 203. Recipients receive on average $18,500 a year. in section 1106(b), by striking the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund and inserting the Social Security Trust Fund; in section 1129(e)(2)(A), by striking the Federal Old-Age and Survivors Insurance Trust Fund or the Federal Disability Insurance Trust Fund, as determined appropriate by the Secretary and inserting the Social Security Trust Fund; in sections 1131(b)(2) and 1140(c)(2), by striking the Federal Old-Age and Survivors Insurance Trust Fund and inserting the Social Security Trust Fund; by striking paragraphs (1) and (2) and inserting the following: by redesignating paragraphs (3) and (4) as paragraphs (2) and (3), respectively; and, in the first sentence, by striking the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund and inserting the Social Security Trust Fund; and, Title XVIII of the Social Security Act (42 U.S.C. This is the one from the 117th Congress. Social Security 2100 covers the costs of expanding benefits by adjusting the payroll wage cap so that higher earners contribute their fair share. For purposes of this subsection, the term qualified beneficiary for a calendar year means an individual in any case in which such calendar year is at least the 16th year beginning after the applicable year of eligibility for such individual. 5723 117th Congress: Social Security 2100: A Sacred Trust. Youre more than a vote, so support GovTrack today with a tip of any amount: Or keep using GovTrack for free! Crediting of interest and proceeds to Trust Funds. . Congress.gov, the official portal of the United States Congress. Subject to subparagraph (B), the term qualifying month means, in connection with an individual, any month during which such individual was engaged for not less than 80 hours in providing care to a dependent relative without monetary compensation. by striking Trust Funds are and inserting Trust Fund is; in the matter following paragraph (5), by striking Trust Funds each place it appears and inserting Trust Fund; and. For purposes of this subsection, the term wages, includes such remuneration paid to an employee for services included under an agreement entered into pursuant to the provisions of section 3121(l) (relating to coverage of citizens of the United States who are employees of foreign affiliates of American employers) as would be wages under section 3121(a) if such services constituted employment under section 3121(b), and. 409(k)(1)) is amended by inserting 215(a)(1)(E), after 215(a)(1)(D),. The text of the bill below is as of Oct 26, 2021 (Introduced). The amounts appropriated by paragraph (2) to any payor fund shall be transferred from time to time (but not less frequently than quarterly) from the general fund of the Treasury on the basis of estimates made by the Secretary of the Treasury of the amounts referred to in such paragraph. The amendments made by subsection (b) shall apply to taxable years beginning after December 31, 2021. 82, Larson Commends President Bidens Calls to Protect and Expand Social Security. And starting in 2019 well be tracking Congresss oversight investigations of the executive branch. Would you like to join our advisory group to work with us on the future of GovTrack? Sec. Representative for Connecticut's 1st congressional district. 3103. The request for the hearing shall be considered timely only if it is made not later than 30 days before the proposed date of the closure, consolidation, or limitation on access. Currently, SSA makes this information available only on its website mySSA.com for those under 60. Now what? The applicable percentage specified for a monthly insurance benefit under this subparagraph for a calendar year is the percentage specified, in connection with the year described in the following table, as follows: Except as provided in clause (ii), the full increase amount determined under this subparagraph for a calendar year in connection with the monthly insurance benefit of a qualified beneficiary is a dollar amount equal to 5 percent of the amount of the benefit if. On Monday, I was honored to join Congressman Larson, Senator Blumenthal, Lt. Section 224(f)(2)(B)(i) of such Act (42 U.S.C. Social Security 2100: A Sacred Trust, Larson said, "gives beneficiaries the improvements and security they desperately need now. The bill was not enacted into law. Its an open protocol, which means it does not have an owner using the platform 402(d)(7)(B)) is amended by adding at the end the following sentence: An individual who has been in full-time attendance at an elementary or secondary school shall, during a succeeding period of nonattendance at such school, be deemed to be a qualifying post-secondary school student if (i) such period is 4 calendar months or less, and (ii) the individual shows to the satisfaction of the Commissioner that he intends to be in at least half-time attendance at a post-secondary educational institution immediately following such period.. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in 114. The bill would be 100 . Your note is for you and will not be shared with anyone. If youve visited a bill page on GovTrack.us recently, you may have noticed a new study guide tab located just below the bill title. Section 202(d)(1)(G)(i) of such Act (42 U.S.C. such putative individuals average indexed monthly earnings taken into account in determining such primary insurance amount were equal to 1/12 of the national average wage index (as defined in section 209(k)(1)) for the second year prior to such calendar year. Section 202(d)(1) of the Social Security Act (42 U.S.C. Rep. John B. Larson wrote the following letter to the editor that appeared in theWashington Post: East Hartford, CT - Today, Rep. John B. Larson (CT-01) released the following statement commending Senators Bernie Sanders (VT) and Elizabeth Warren (MA) and Reps. Jan Schakowsky (IL-09) and Val Hoyle (OR-04)for introducing the Social Security Expansion Act. Would you like to join Congressman Larson, Senator Blumenthal, Lt has to admire Republicans for the and! That with your input we can make GovTrack more accessible to minority and disadvantaged communities who may. 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