To improve the retirement security of United States families by strengthening Social Security.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires determination of taxable wages and self-employment income above contribution and benefit base after 2024 Section 3121 of the Internal Revenue Code of 1986 is amended— in subsection (a)(1), by inserting, requires adjustments to bend points in determining primary insurance amount and inclusion of surplus earnings for benefit determinations Section 215(a)(1)(A)(i) of the Social Security Act (42 U.S.C, and provides consumer Price Index for Elderly Consumers The Bureau of Labor Statistics of the Department of Labor shall prepare and publish an index for each calendar month to be known as the Consumer Price Index. It relies on compliance mandates, definition changes, tax rate changes, and product standards. The main policy areas are Regulated Industries and Environment.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk and Regulated entities and members of the public affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Regulated entities and members of the public affected by the bill would take on compliance duties, and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Requires determination of taxable wages and self-employment income above contribution and benefit base after 2024 Section 3121 of the Internal Revenue Code of 1986 is amended— in subsection (a)(1), by inserting...
- Requires adjustments to bend points in determining primary insurance amount and inclusion of surplus earnings for benefit determinations Section 215(a)(1)(A)(i) of the Social Security Act (42 U.S.C.
- Provides consumer Price Index for Elderly Consumers The Bureau of Labor Statistics of the Department of Labor shall prepare and publish an index for each calendar month to be known as the Consumer Price Index...
- Requires improving social security benefits for widows and widowers in two-income households Section 202(e) of the Social Security Act (42 U.S.C.
- Requires holding SSI beneficiaries harmless.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires determination of taxable wages and self-employment income above contribution and benefit base after 2024 Section 3121 of the Internal Revenue Code of 1986 is amended— in subsection (a)(1), by inserting, requires adjustments to bend points in determining primary insurance amount and inclusion of surplus earnings for benefit determinations Section 215(a)(1)(A)(i) of the Social Security Act (42 U.S.C, and provides consumer Price Index for Elderly Consumers The Bureau of Labor Statistics of the Department of Labor shall prepare and publish an index for each calendar month to be known as the Consumer Price Index.
Key Policy Areas
Regulated Industries, Environment
Primary Purpose
The bill requires determination of taxable wages and self-employment income above contribution and benefit base after 2024 Section 3121 of the Internal Revenue Code of 1986 is amended— in subsection (a)(1), by inserting, requires adjustments to bend points in determining primary insurance amount and inclusion of surplus earnings for benefit determinations Section 215(a)(1)(A)(i) of the Social Security Act (42 U.S.C, and provides consumer Price Index for Elderly Consumers The Bureau of Labor Statistics of the Department of Labor shall prepare and publish an index for each calendar month to be known as the Consumer Price Index.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Regulated entities and members of the public affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Regulated entities and members of the public affected by the bill
- Public beneficiaries or protected communities affected by the clause
- Environmental and public health interests affected by the bill
Sponsors
Legislative Progress
IntroducedMs. Sánchez (for herself, Mr. Pocan, Ms. Schakowsky, Ms. Lee …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology