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S. 2763: Keep Billionaires Out of Social Security Act

The "Keep Billionaires Out of Social Security Act" is designed to reinforce the Social Security system by implementing several key provisions aimed at safeguarding its integrity and improving beneficiary services.

Protection from External Influences

The bill focuses on ensuring that Social Security is shielded from governmental influences that may jeopardize the program's stability. This includes establishing clear guidelines and administrative structures to enhance independent oversight and governance within the Social Security Administration.

Administrative Enhancements

One of the main goals of the bill is to improve funding for Social Security's administrative functions. This would facilitate better management of resources, ultimately leading to enhanced services for beneficiaries. The legislation aims to create offices specifically tasked with civil rights and oversight, providing additional layers of accountability within the Social Security framework.

Beneficiary Access and Customer Service Improvements

The bill proposes measures to ensure that beneficiaries have greater access to Social Security resources and services. This includes improving customer service standards and reducing bureaucratic obstacles that may hinder access to benefits. The intention is to create a more user-friendly experience for those relying on Social Security for support.

Managing Overpayment Issues

To address the issue of overpayments to beneficiaries, the bill outlines a structured approach for adjusting monthly Social Security benefits. If an overpayment occurs, benefits may be reduced by a specified percentage (10%) or by a fixed amount ($10). This aims to ensure fair recovery of overpayments without excessively penalizing the beneficiaries.

Support for Beneficiaries with Disabilities

The legislation also establishes state grants dedicated to protecting the legal rights of beneficiaries with disabilities. These grants would support various advocacy efforts and provide essential legal resources for applicants, helping to ensure that their rights are upheld within the Social Security system.