• 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
Introduced in House
Referred to the Subcommittee on Social Security.
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.
Referred to the Subcommittee on Health.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Introduced in House
Referred to the Subcommittee on Social Security.
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.
Referred to the Subcommittee on Health.
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.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Subcommittee on Social Security.
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.
Referred to the Subcommittee on Health.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Introduced in House
Referred to the Subcommittee on Social Security.
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.
Referred to the Subcommittee on Health.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
• 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