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Study on Social Security Administrative Costs and Benefit Future

This bill directs the Commissioner of Social Security to conduct a study. The study aims to find ways to lower the program's administrative costs by at least 15% while protecting current benefits. This is intended to ensure the long-term stability of the program, which is important for future pensions and other benefits citizens receive.
Key points
Mandates a study to reduce Social Security administrative costs by at least 15%.
The study also aims to protect current benefits and ensure the program's long-term solvency.
The study will explore different benefit determination methods, such as means testing or basing benefits on lifelong earnings.
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Additional Information
Print number: 117_HR_8101
Sponsor: Rep. Cawthorn, Madison [R-NC-11]
Process start date: 2022-06-16