US HB4529 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on February 10 2016 - 25% progression, died in committee
Action: 2016-02-16 - Referred to the Subcommittee on Social Security.
Pending: House Subcommittee on Social Security Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Social Security Parent Penalty Repeal Act This bill amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to direct the Social Security Administration to determine and publish in the Federal Register on or before November 1 of each year a revised contribution and benefit base, which shall be effective with respect to remuneration paid in subsequent calendar and taxable years. The bill also revises the formula for determining that base. The number of an individual's benefit computation years, for the purpose of determining the individual's primary OASDI insurance amount, shall be further reduced (after a specified initial reduction) by the number of the individual's childcare years (not exceeding five), except that not more than two years may be determined to be a childcare year on the basis of the individual's status as a primary caregiver for the same child. "Childcare year" means an elapsed year of the individual: during which the individual is the primary caregiver for a child under age 6, and for which the total of the individual's wages and self-employment income is $0.

Tracking Information

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Title

Social Security Parent Penalty Repeal Act

Sponsors


History

DateChamberAction
2016-02-16HouseReferred to the Subcommittee on Social Security.
2016-02-10HouseReferred to the House Committee on Ways and Means.
2016-02-10HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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