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House Bill 3302
115th Congress(2017-2018)
Protecting and Preserving Social Security Act
Introduced
Introduced
Introduced in House on Jul 19, 2017
Overview
Text
Sponsor
Democrat
Introduced
Jul 19, 2017
Latest Action
Jul 19, 2017
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
3302
Congress
115
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
Tony Cardenas
California
Democrat
Alcee L. Hastings
Florida
Democrat
Frederica Wilson
Florida
Democrat
Pete Visclosky
Indiana
Democrat
Chellie Pingree
Maine
Democrat
John Sarbanes
Maryland
Democrat
Carol Shea-Porter
New Hampshire
Democrat
Gregorio Sablan
Northern Mariana Islands
Democrat
Marcy Kaptur
Ohio
Democrat
David Cicilline
Rhode Island
Democrat
Jim Langevin
Rhode Island
Democrat
Steve Cohen
Tennessee
Democrat
Al Green
Texas
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. Beginning in two years after the enactment of this bill, the CPI-E, instead of the Consumer Price Index for Urban Wage Earners and Clerical Workers, shall be used to calculate the cost-of-living adjustment for OASDI benefits.

The bill also includes surplus earnings in the calculation of the primary insurance amount (i.e., the amount received by a beneficiary who elects to receive OASDI benefits at full retirement age).

The bill phases out and, after 2023, eliminates the cap on compensation ($128,400 in 2018) subject to Social Security taxation.

Text (1)
Introduced in House
July 19, 2017
Related Bills (1)
Jul 20, 2017
Introduced in Senate
5
Sponsorship
Senate Bill 1600
Protecting and Preserving Social Security Act
Introduced
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (2)
07/19/2017
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Energy and Commerce, 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.
07/19/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:37:24 PM
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