SOS Act

This proposed legislation seeks to amend the Congressional Budget and Impoundment Control Act of 1974, aiming to enhance financial transparency regarding Social Security trust funds. Specifically, it requires the Congressional Budget Office (CBO) to provide additional information to Congress in its regular reports. The CBO will be mandated to include a graphical comparison within its reports on the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund. This comparison must illustrate two key figures: the amount assumed under a specific section of the Balanced Budget and Emergency Deficit Control Act of 1985, and the actual outlays from these Trust Funds based on payments consistent with dedicated funding sources under current law. This provision seeks to offer a clearer visual representation of the financial status and projections for these critical programs.