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Social Security Expansion: Increased Benefits and Fund Stability

This act aims to increase Social Security benefits for current and future retirees and disabled individuals. It also introduces changes to the program's funding to ensure its long-term stability. Citizens can expect higher payouts and changes in how Social Security taxes are calculated.
Key points
Benefit Increase: All Social Security beneficiaries will receive higher benefits, and the minimum benefit for lifetime low earners will be increased.
New Inflation Calculation: Benefit increases will be calculated using the Consumer Price Index for Elderly Consumers (CPI-E), which may better reflect their living costs.
Extended Student Benefits: Children of individuals entitled to disability benefits or deceased insured individuals will be able to receive benefits until age 22 if they are full-time students.
Tax Changes: A payroll tax on remuneration above $250,000 and a tax on investment gains will be introduced to increase contributions to the fund.
Fund Consolidation: The two existing Social Security trust funds (Old-Age and Survivors Insurance and Disability Insurance) will be merged into a single fund, aiming to simplify management and increase transparency.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1700
Sponsor: Rep. Hoyle, Val T. [D-OR-4]
Process start date: 2025-02-27
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Social Security Expansion Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1700.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-27.

What are the main provisions?

Key points include:

  • Benefit Increase: All Social Security beneficiaries will receive higher benefits, and the minimum benefit for lifetime low earners will be increased.
  • New Inflation Calculation: Benefit increases will be calculated using the Consumer Price Index for Elderly Consumers (CPI-E), which may better reflect their living costs.
  • Extended Student Benefits: Children of individuals entitled to disability benefits or deceased insured individuals will be able to receive benefits until age 22 if they are full-time students.
  • Tax Changes: A payroll tax on remuneration above $250,000 and a tax on investment gains will be introduced to increase contributions to the fund.
  • Fund Consolidation: The two existing Social Security trust funds (Old-Age and Survivors Insurance and Disability Insurance) will be merged into a single fund, aiming to simplify management and increase transparency.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hoyle, Val T. [D-OR-4].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Benefits Taxes Family