Strengthening Social Security Act of 2021
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Strengthening Social Security Act of 2021 aims to bolster the financial security of American families by adjusting Social Security benefits and taxes. Key changes include increasing the primary insurance amount for certain beneficiaries, using a spending-based price index for cost-of-living adjustments, and establishing an alternative benefit for widows and widowers in two-income households. The bill also proposes phasing out the Social Security payroll tax cap and increasing benefits for those receiving them. Finally, it introduces a new Consumer Price Index for Elderly Consumers and modifies how benefits are calculated for survivors.
Bill text
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Sponsors
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11 on record
Primary sponsor
Cosponsors
Barbara Lee
Bobby L. Rush
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