H.R. 9519: Social Security 2100 Act

This bill would make a number of changes to Social Security benefits, taxes, and program administration.

Benefit changes

The bill would increase Social Security payments in several ways. It would raise monthly benefits overall, change how annual cost-of-living increases are calculated by using a mix of CPI-E and CPI-W measures, and increase minimum benefits and survivor benefits. It would also add additional benefit increases over time for long-term recipients.

For some family members, the bill would expand eligibility and payments. It would add caregiver credits for people who leave the workforce to care for others. It would increase benefits for children in certain situations, including children living with relatives, and would extend benefits for postsecondary students up to age 26.

Disability and work rules

The bill would change disability-related rules. It would end the 5-month waiting period before disability benefits begin. It would also replace the current system of cutting off disability benefits once a person earns too much with a more gradual reduction based on earnings.

Funding changes

To help pay for the higher benefits, the bill would raise Social Security taxes on higher earners starting after 2026. It would also count earnings above the current wage cap when calculating benefits, and it would apply Social Security-related taxes to net investment income above higher income thresholds. In addition, the bill would create a single Social Security Trust Fund and make related technical changes to connect the program’s financing rules to that structure.

Office closure and oversight rules

The bill would add protections before any Social Security office could be closed or have services reduced. It would require 120 days’ notice, public hearings, reports to Congress, appeal rights, and a cost-benefit analysis before such actions could happen. It would also bar closures that would reduce the number of offices below the level in place on January 19, 2025, except in emergencies.

The bill would also limit access to beneficiary data by political appointees and create penalties for unauthorized disclosure of that information.

Relevant Companies

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