US Congress Senate Bill 2251 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 22-1)
Status: Introduced on November 5 2015 - 25% progression, died in committee
Action: 2015-11-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

SAVE Benefits Act Seniors And Veterans Emergency Benefits Act This bill directs the Department of the Treasury to disburse a payment equal to 3.9% of the average amount of annual benefits to certain individuals (except prisoners, fugitive felons, or aliens) who are entitled to a specified benefit under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA), an annuity under the Railroad Retirement Act of 1974, a veterans benefit, or are eligible for a cash benefit under SSA title XVI (Supplemental Security Income), including a special benefit for individuals who perform substantial gainful activity despite severe medical impairment. A refundable income tax credit is allowed for the first taxable year beginning in 2015 in an amount equal to $581 for certain eligible government retirees who do not receive such a payment. The Internal Revenue Code is amended, with respect to the $1 million limitation on the deductibility of employee compensation, to: eliminate the exemption from that limitation for compensation payable on a commission basis or upon the attainment of a performance goal; extend the limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; and apply the limitation to all publicly-held corporations required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.

SAVE Benefits Act Seniors And Veterans Emergency Benefits Act

Sen. Elizabeth Warren [D-MA]	Sen. Barbara Mikulski [D-MD]	Sen. Patty Murray [D-WA]	Sen. Charles Schumer [D-NY]
Sen. Bill Nelson [D-FL]	Sen. Debbie Stabenow [D-MI]	Sen. Maria Cantwell [D-WA]	Sen. Bernard Sanders [I-VT]
Sen. Sherrod Brown [D-OH]	Sen. Robert Casey [D-PA]	Sen. Sheldon Whitehouse [D-RI]	Sen. Jeff Merkley [D-OR]
Sen. Kirsten Gillibrand [D-NY]	Sen. Al Franken [D-MN]	Sen. Richard Blumenthal [D-CT]	Sen. Christopher Murphy [D-CT]
Sen. Mazie Hirono [D-HI]	Sen. Tammy Baldwin [D-WI]	Sen. Edward Markey [D-MA]	Sen. Patrick Leahy [D-VT]
Sen. Cory Booker [D-NJ]	Sen. Gary Peters [D-MI]	Sen. Richard Durbin [D-IL]

Date	Chamber	Action
2015-11-05	Senate	Read twice and referred to the Committee on Finance.

SB1127 (Related) 2015-04-29 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2532)
HB4012 (Same As) 2015-12-03 - Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
HB4144 (Related) 2015-12-03 - Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
HB4140 (Related) 2015-12-04 - Referred to the Subcommittee on Energy and Power.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2251/all-info
Text	https://www.congress.gov/114/bills/s2251/BILLS-114s2251is.pdf