Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 2302
116th Congress(2019-2020)
Protecting and Preserving Social Security Act
Introduced
Introduced
Introduced in House on Apr 12, 2019
Overview
Text
Sponsor
Democrat
Introduced
Apr 12, 2019
Latest Action
Apr 15, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2302
Congress
116
Policy Area
Social Welfare
Social Welfare
Primary focus of measure is public assistance and Social Security programs; social services matters, including community service, volunteer, and charitable activities. Measures concerning such health programs as Medicare and Medicaid may fall under Health policy area.
Sponsorship by Party
Democrat
Ted Deutch
Florida
Democrat
Alcee L. Hastings
Florida
Democrat
Pete Visclosky
Indiana
Democrat
Chellie Pingree
Maine
Democrat
John Sarbanes
Maryland
Democrat
Gregorio Sablan
Northern Mariana Islands
Democrat
Marcy Kaptur
Ohio
Democrat
David Cicilline
Rhode Island
Democrat
Steve Cohen
Tennessee
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Protecting and Preserving Social Security Act

This bill revises the methodology for calculating Old Age, Survivors, and Disability Insurance (OASDI) benefits and phases out the cap on compensation subject to Social Security taxation.

The bill directs the Bureau of Labor Statistics to prepare and publish a Consumer Price Index for Elderly Consumers (CPI-E) to track cost-of-living changes for individuals age 62 or older. The Social Security Administration shall use the CPI-E to calculate the cost-of-living adjustment for OASDI benefits, where it currently uses the Consumer Price Index for Urban Wage Earners and Clerical Workers.

The bill phases out and after 2025 eliminates the cap on compensation ($132,900 in 2019) subject to Social Security taxation. This change applies to both wage earners and the self-employed.

The bill also changes the calculation for the primary insurance amount (the amount received by a beneficiary who elects to receive OASDI benefits at full retirement age) by including the additional earnings that are now taxed as a result of the cap elimination.

Text (1)
Introduced in House
April 12, 2019
Related Bills (1)
Apr 10, 2019
Introduced in Senate
4
Sponsorship
Senate Bill 1132
Protecting and Preserving Social Security Act
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (4)
04/15/2019
Referred to the Subcommittee on Health.
04/12/2019
Referred to the Subcommittee on Social Security.
04/12/2019
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
04/12/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 7:47:14 PM
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