The "PROMISE Act of 2026" establishes a structured process to ensure the long-term solvency of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds for at least 50 years. This process is triggered by the Social Security Advisory Board (SSAB), which is mandated to develop recommendations and proposed legislative language by September 14, 2026. The SSAB must engage the public through requests for information and listening sessions to gather input for its proposals. The legislative language proposed by the SSAB, or bipartisan alternatives if the SSAB fails to act, must be introduced as a "Social Security bill" in both the House and Senate by September 17, 2026. These bills are then subject to expedited consideration under special rules that waive many typical legislative hurdles. Committees are required to report the bill by November 9, 2026, or face automatic discharge. During floor consideration, debate is limited to 100 hours in each chamber, equally divided between majority and minority leaders. Amendments are highly restricted, with only substitute amendments certified to achieve 50-year solvency and directly related to Social Security/SSI financing being in order. Crucially, passage of the Social Security bill requires an affirmative three-fifths vote in the Senate and a majority vote in the House . The bill also includes provisions for decennial review . If the Social Security Board of Trustees reports that the Trust Funds are not 50-year solvent, the SSAB is notified. In 2037 and every ten years thereafter, the SSAB is required to submit new recommendations and legislative language, initiating the entire special congressional process again to address any renewed solvency challenges. This ensures a recurring mechanism for maintaining the financial health of Social Security.
Read twice and referred to the Committee on Finance.
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3942-3946; text: CR S3943-3946)
Social Welfare
PROMISE Act of 2026
USA119th CongressS-4979| Senate
| Updated: 7/14/2026
The "PROMISE Act of 2026" establishes a structured process to ensure the long-term solvency of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds for at least 50 years. This process is triggered by the Social Security Advisory Board (SSAB), which is mandated to develop recommendations and proposed legislative language by September 14, 2026. The SSAB must engage the public through requests for information and listening sessions to gather input for its proposals. The legislative language proposed by the SSAB, or bipartisan alternatives if the SSAB fails to act, must be introduced as a "Social Security bill" in both the House and Senate by September 17, 2026. These bills are then subject to expedited consideration under special rules that waive many typical legislative hurdles. Committees are required to report the bill by November 9, 2026, or face automatic discharge. During floor consideration, debate is limited to 100 hours in each chamber, equally divided between majority and minority leaders. Amendments are highly restricted, with only substitute amendments certified to achieve 50-year solvency and directly related to Social Security/SSI financing being in order. Crucially, passage of the Social Security bill requires an affirmative three-fifths vote in the Senate and a majority vote in the House . The bill also includes provisions for decennial review . If the Social Security Board of Trustees reports that the Trust Funds are not 50-year solvent, the SSAB is notified. In 2037 and every ten years thereafter, the SSAB is required to submit new recommendations and legislative language, initiating the entire special congressional process again to address any renewed solvency challenges. This ensures a recurring mechanism for maintaining the financial health of Social Security.