To improve the retirement security of American families by increasing Social Security benefits for current and future beneficiaries while making Social Security stronger for future generations.
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, To improve the retirement security of American families by increasing Social Security benefits for current and future beneficiaries while making Social Security stronger for future generations., changes federal law or congressional policy affecting workers, employers, and labor regulators. The main policy domain is Labor, Healthcare, Finance.
Who Benefits and How
workers, employers, and labor regulators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, workers, employers, and labor regulators may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section id1E62288467E64403B62C1559B419600F: 1. Short title; table of contents This Act may be cited as the Safeguarding American Families and Expanding Social Security Act of 2024. The table of contents...
- Section H6471A9278D714A938B193A2648CFD209: 2. Determination of taxable wages and self-employment income above contribution and benefit base after 2024 Section 3121 of the Internal Revenue Code of 1986...
- Section idB32C1B9880354AA6ACBB6F42BDFB85FC: 3. Adjustments to primary insurance amount formula and inclusion of surplus earnings for benefit determinations Section 215(a)(1)(A)(i) of the Social Security...
- Section id5DB1CDC619014E39BF9596C120C929E5: 4. Increase in benefit amounts for long-term eligible individuals Section 202 of the Social Security Act (42 U.S.C. 402) is amended by adding at the end the...
- Section IDE4837C5E8FBE44BCA44CD49CCB4BE37D: 5. Computation of cost-of-living increases for Social Security benefits; consumer price index for elderly consumers Section 215(i) of the Social Security Act...
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
This bill, To improve the retirement security of American families by increasing Social Security benefits for current and future beneficiaries while making Social Security stronger for future generations., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Key Policy Areas
Labor, Healthcare, Finance
Primary Purpose
This bill, To improve the retirement security of American families by increasing Social Security benefits for current and future beneficiaries while making Social Security stronger for future generations., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Policy Domains
Whole bill
Identified Gains
- workers, employers, and labor regulators
Identified Costs
- federal implementing agencies
- workers, employers, and labor regulators
Sponsors
Legislative Progress
IntroducedMr. Schatz introduced the following bill; which was read twice …
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?
- "the_commission"
- → The commission identified in the operative section
Key Definitions
Terms defined in this bill
a month for which an individual— has attained age 19
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