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Social Security for Future Generations Act of 2019

USA116th CongressHR-4121| House 
| Updated: 7/31/2019
Al Lawson

Al Lawson

Democratic Representative

Florida

Cosponsors (4)
Frederica S. Wilson (Democratic)Eleanor Holmes Norton (Democratic)James P. McGovern (Democratic)Rashida Tlaib (Democratic)
Committees (7)
• Railroads, Pipelines, and Hazardous Materials Subcommittee• Transportation and Infrastructure Committee• Ways and Means Committee• Social Security Subcommittee• Health Subcommittee• Energy and Commerce Committee• Education and Workforce Committee
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Social Security for Future Generations Act of 2019 This bill increases specified benefits and taxes related to the Old-Age, Survivors, and Disability Insurance (OASDI) program and otherwise modifies the program. Changes to benefits include increasing the primary insurance amount for certain beneficiaries; revising the method for calculating cost-of-living adjustments by using a price index that tracks the spending patterns of older consumers; extending benefits through age 22 to full-time students who are eligible children of deceased, disabled, or retired workers; establishing a new minimum benefit for certain lifetime low-earners; and establishing an alternative benefit based on combined household benefits for widows or widowers in two-income households. Changes to taxes include subjecting earnings in excess of $250,000 to Social Security taxes. No taxes shall be applied to earnings between the contribution base (the maximum amount subject to the Social Security payroll tax, set at $137,700 for 2020) and $250,000. In addition, the bill preserves eligibility for Supplemental Security Income payments and other means-tested programs by limiting the amount of OASDI payments considered in eligibility determinations.
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Timeline
Jul 30, 2019
Introduced in House
Jul 30, 2019
Referred to the Subcommittee on Social Security.
Jul 30, 2019
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Transportation and Infrastructure, 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.
Jul 31, 2019
Referred to the Subcommittee on Health.
Jul 31, 2019
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
  • July 30, 2019
    Introduced in House


  • July 30, 2019
    Referred to the Subcommittee on Social Security.


  • July 30, 2019
    Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Transportation and Infrastructure, 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.


  • July 31, 2019
    Referred to the Subcommittee on Health.


  • July 31, 2019
    Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

Social Welfare

Child healthEmployment taxesHealth care costs and insuranceHigher educationInflation and pricesMedicaidPoverty and welfare assistanceSelf-employedSocial security and elderly assistanceWages and earnings

Social Security for Future Generations Act of 2019

USA116th CongressHR-4121| House 
| Updated: 7/31/2019
Social Security for Future Generations Act of 2019 This bill increases specified benefits and taxes related to the Old-Age, Survivors, and Disability Insurance (OASDI) program and otherwise modifies the program. Changes to benefits include increasing the primary insurance amount for certain beneficiaries; revising the method for calculating cost-of-living adjustments by using a price index that tracks the spending patterns of older consumers; extending benefits through age 22 to full-time students who are eligible children of deceased, disabled, or retired workers; establishing a new minimum benefit for certain lifetime low-earners; and establishing an alternative benefit based on combined household benefits for widows or widowers in two-income households. Changes to taxes include subjecting earnings in excess of $250,000 to Social Security taxes. No taxes shall be applied to earnings between the contribution base (the maximum amount subject to the Social Security payroll tax, set at $137,700 for 2020) and $250,000. In addition, the bill preserves eligibility for Supplemental Security Income payments and other means-tested programs by limiting the amount of OASDI payments considered in eligibility determinations.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 30, 2019
Introduced in House
Jul 30, 2019
Referred to the Subcommittee on Social Security.
Jul 30, 2019
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Transportation and Infrastructure, 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.
Jul 31, 2019
Referred to the Subcommittee on Health.
Jul 31, 2019
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
  • July 30, 2019
    Introduced in House


  • July 30, 2019
    Referred to the Subcommittee on Social Security.


  • July 30, 2019
    Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Transportation and Infrastructure, 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.


  • July 31, 2019
    Referred to the Subcommittee on Health.


  • July 31, 2019
    Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Al Lawson

Al Lawson

Democratic Representative

Florida

Cosponsors (4)
Frederica S. Wilson (Democratic)Eleanor Holmes Norton (Democratic)James P. McGovern (Democratic)Rashida Tlaib (Democratic)
Committees (7)
• Railroads, Pipelines, and Hazardous Materials Subcommittee• Transportation and Infrastructure Committee• Ways and Means Committee• Social Security Subcommittee• Health Subcommittee• Energy and Commerce Committee• Education and Workforce Committee

Social Welfare

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Child healthEmployment taxesHealth care costs and insuranceHigher educationInflation and pricesMedicaidPoverty and welfare assistanceSelf-employedSocial security and elderly assistanceWages and earnings