HR8913-118

Reported

To amend the Internal Revenue Code of 1986 to exclude certain students from the calculation to determine if certain private colleges and universities are subject to the excise tax on net investment income, and for other purposes.

118th Congress Introduced Jul 2, 2024

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

This bill requires the Social Security Administration (SSA) to create a dedicated point of contact for people whose Social Security numbers have been stolen or misused. Instead of navigating multiple departments, identity theft victims will work with a specially trained team that follows their case from start to finish.

Who Benefits and How

Identity theft victims benefit by having a streamlined, coordinated process for resolving their cases with SSA. They will receive consistent support from trained specialists who can coordinate across different SSA units, reducing frustration and resolution time. Individuals who lose their Social Security cards in the mail also gain access to this dedicated support.

Who Bears the Burden and How

The Social Security Administration must establish new procedures, train specialized employees, and coordinate across units to implement this program. This creates additional administrative requirements and staffing needs for the agency. The program must be operational within 180 days of enactment.

Key Provisions

  • SSA must assign a single point of contact team to each identity theft victim's case
  • Specially trained employees must track cases to completion and coordinate across units
  • Procedures must ensure continuity when team members change
  • Implementation deadline is 180 days after enactment

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.

At a Glance

What This Bill Does

Requires the Social Security Administration to establish a single point of contact for individuals who are victims of identity theft involving their Social Security number or card

Key Policy Areas

Social Security, Consumer Protection, Government Administration

Primary Purpose

Requires the Social Security Administration to establish a single point of contact for individuals who are victims of identity theft involving their Social Security number or card

Policy Domains

Social Security Consumer Protection Government Administration

Section 2 - Single Point of Contact for Identity Theft Victims

Identified Gains
Contextual inference, no direct clause citation
  • Identity theft victims
  • Individuals who lost Social Security cards
Model: N/A | Version: bill_summary_v2 | Source: rh

Contextual inference, no direct clause citation

Identified Costs
Contextual inference, no direct clause citation
  • Social Security Administration
Model: N/A | Version: bill_summary_v2 | Source: rh

Contextual inference, no direct clause citation

Section 714 - New Section Added to Social Security Act

Identified Gains
Contextual inference, no direct clause citation
  • Identity theft victims
  • Individuals who lost Social Security cards
Model: N/A | Version: bill_summary_v2 | Source: rh

Contextual inference, no direct clause citation

Identified Costs
Contextual inference, no direct clause citation
  • Social Security Administration
  • SSA employees assigned to identity theft cases
Model: N/A | Version: bill_summary_v2 | Source: rh

Contextual inference, no direct clause citation

Legislative Progress

Reported
Introduced Committee Passed
Dec 24, 2024

Additional sponsor: Mr. Smith of Nebraska

Dec 24, 2024

Reported with an amendment, committed to the Committee of the …

Jul 2, 2024

Mr. Ferguson (for himself, Mr. Kelly of Pennsylvania, Mrs. Miller …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

Education
3 mentions across 2 clauses
+2 positive -1 negative

Private colleges and universities subject to endowment excise tax, Private universities with significant international student populations, Wealthy private colleges and universities with large endowments

Positive-direction: Private universities with significant international student populations, Wealthy private colleges and universities with large endowments

Negative-direction: Private colleges and universities subject to endowment excise tax

Government
2 mentions across 2 clauses
-1 negative ?1 uncertain

Federal government, IRS and tax administrators

3/3
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Social Security Consumer Protection
Actor Mappings
"the_commissioner"
→ Commissioner of Social Security
Domains
Social Security Consumer Protection
Actor Mappings
"the_commissioner"
→ Commissioner of Social Security

Key Definitions

Terms defined in this bill

2 terms
"misused social security account number" §714(a)

A social security account number used fraudulently to obtain benefits under title II, VIII, or XVI of the Social Security Act, or in a manner that affects an individual's records at SSA, or prompts the individual to request a new number

"single point of contact" §714(b)

A team or subset of specially trained employees who have the ability to coordinate with other units and are accountable for the case until resolution

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