US HB1114 | 2017-2018 | 115th Congress

Status

Sponsorship: Partisan Bill (Democrat 40)
Status: Introduced on February 16 2017 - 25% progression, died in committee
Action: 2017-03-01 - Referred to the Subcommittee on Social Security.
Pending: House Subcommittee on Social Security Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Social Security Expansion Act This bill amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to: (1) increase the primary insurance amount for all eligible beneficiaries, beginning in 2023; (2) revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers; and (3) increase the special minimum primary insurance amount for lifetime low earners based on years in the workforce. This bill amends the Internal Revenue Code to: (1) apply employment and self-employment taxes to remuneration up to the contribution and benefit base and to remuneration in excess of $250,000, and (2) increase the tax rate on investment gain from 3.8% to 10% and allocate specifed amounts of such tax revenue to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Social Security Expansion Act

Sponsors


History

DateChamberAction
2017-03-01HouseReferred to the Subcommittee on Social Security.
2017-02-16HouseReferred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
2017-02-16HouseReferred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
2017-02-16HouseReferred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
2017-02-16HouseIntroduced in House

Same As/Similar To

SB427 (Related) 2017-02-16 - Read twice and referred to the Committee on Finance.
HB2896 (Related) 2017-06-22 - Referred to the Subcommittee on Social Security.
HB2855 (Related) 2017-06-20 - Referred to the Subcommittee on Social Security.

Subjects


US Congress State Sources


LegiScan Search

View Top 50 Searches

Select area of search.
Find an exact bill number.
Search bill text and data. [help]
Reset

LegiScan Trends

View Top 50 National

HI HB2021 Relating To Transportation.
CA SB599 Atmospheric rivers: research: forecasting methods: experimental tools.
IL HB5130 JCAR-EXTENSION-NOTICE PERIOD
CA AB1653 Pupil instruction: health framework: heat illness.
CA SB1187 Open meetings.
CA SB677 Housing financing: joint powers agreements: bond approvals:subdivisions:...
CA AB2361 Insurance: personal vehicle sharing.
AK SB237 Electronic Driver's Licenses/data Sharing
MA H1385 Expanding the moral obligation bond program to acute care hospitals
IL HB4643 DHS-OIG INVESTIGATIONS
feedback