US HB1114 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 40-0)
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]
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.
Title
Social Security Expansion Act
Sponsors
Rep. Peter DeFazio [D-OR] | Rep. Tony Cardenas [D-CA] | Rep. Yvette Clarke [D-NY] | Rep. Steve Cohen [D-TN] |
Rep. John Conyers [D-MI] | Rep. Keith Ellison [D-MN] | Rep. Al Green [D-TX] | Rep. Raul Grijalva [D-AZ] |
Rep. Eleanor Norton [D-DC] | Rep. Marcy Kaptur [D-OH] | Rep. William Keating [D-MA] | Rep. Pramila Jayapal [D-WA] |
Rep. Ro Khanna [D-CA] | Rep. Barbara Lee [D-CA] | Rep. James McGovern [D-MA] | Rep. Gwen Moore [D-WI] |
Rep. Grace Napolitano [D-CA] | Rep. Mark Pocan [D-WI] | Rep. Jamie Raskin [D-MD] | Rep. Janice Schakowsky [D-IL] |
Rep. Robert Scott [D-VA] | Rep. Carol Shea-Porter [D-NH] | Rep. Louise Slaughter [D-NY] | Rep. Paul Tonko [D-NY] |
Rep. Henry Johnson [D-GA] | Rep. Alcee Hastings [D-FL] | Rep. Nanette Barragan [D-CA] | Rep. Eliot Engel [D-NY] |
Rep. Adam Smith [D-WA] | Rep. Zoe Lofgren [D-CA] | Rep. Gregorio Sablan [D-MP] | Rep. Donald Payne [D-NJ] |
Rep. Lacy Clay [D-MO] | Rep. Michael Capuano [D-MA] | Rep. Albio Sires [D-NJ] | Rep. Robert Brady [D-PA] |
Rep. Tim Ryan [D-OH] | Rep. Bobby Rush [D-IL] | Rep. Brendan Boyle [D-PA] | Rep. Stephen Lynch [D-MA] |
History
Date | Chamber | Action |
---|---|---|
2017-03-01 | House | Referred to the Subcommittee on Social Security. |
2017-02-16 | House | Referred 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. |
2017-02-16 | House | Referred 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. |
2017-02-16 | House | Referred 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. |
2017-02-16 | House | Introduced 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.
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
Aging
Employment taxes
Government trust funds
Inflation and prices
Interest, dividends, interest rates
Self-employed
Social security and elderly assistance
Social welfare
Wages and earnings
Employment taxes
Government trust funds
Inflation and prices
Interest, dividends, interest rates
Self-employed
Social security and elderly assistance
Social welfare
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/1114/all-info |
Text | https://www.congress.gov/115/bills/hr1114/BILLS-115hr1114ih.pdf |