The Protecting Social Security Act would require a Social Security field office in each county with more than 150,000 people. If either Social Security trust fund cannot cover benefit payments, the bill would provide monthly appropriations equal to the amount needed to pay them. It would also set fast-track procedures for Congress to consider a qualifying solvency bill. That bill must protect full benefits, avoid raising taxes on people other than the ultra-wealthy and corporations, and place any need for additional funds on the ultra-wealthy and corporations. The proposal was referred to House committees for consideration.
If enacted, the measure would require local field offices in counties above the stated population threshold. If a trust fund could not pay benefits, it would provide funding for benefit payments. It would also require Congress to consider a qualifying solvency bill on an accelerated schedule.
The bill provides for monthly appropriations in the amount needed to pay benefits when a trust fund cannot finance them. No publicly available information gives a total cost estimate.
The bill's findings describe Social Security as an earned benefit and say that local offices are important for people who need in-person help. They also state that benefits are important to older adults, children, veterans, and people facing hardship.
No publicly available information.