,i #aae? ,,congress #a/ ,session ,h4 ,r4 #aaad ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #af1 #bjag,mr4 ,de,fazio 7= himself1 ,mr4 ,crd5as1 ,ms4 ,cl>ke ( ,new ,york1 ,mr4 ,coh51 ,mr4 ,cony]s1 ,mr4 ,ellison1 ,mr4 ,al ,gre5 ( ,texas1 ,mr4 ,grijalva1 ,ms4 ,norton1 ,ms4 ,kaptur1 ,mr4 ,keat+1 ,ms4 ,jayapal1 ,mr4 ,khanna1 ,ms4 ,lee1 ,mr4 ,mc,govern1 ,ms4 ,moore1 ,mrs4 ,napolitano1 ,mr4 ,pocan1 ,mr4 ,rask91 ,ms4 ,s*ak[sky1 ,mr4 ,scott ( ,virg9ia1 ,ms4 ,%ea-,port]1 ,ms4 ,slaught]1 & ,mr4 ,tonko7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committee on ,education & ! ,work=ce1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to enhance ,social ,security b5efits & ensure ! long-t]m solv5cy ( ! ,social ,security program4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,social ,security ,expansion ,act4 7b7 ,table ( cont5ts ,! table ( cont5ts ( ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,sec4 #b4 ,across-!-bo>d b5efit increase4 ,sec4 #c4 ,computation ( co/-(-liv+ increases4 ,sec4 #d4 ,increase 9 m9imum b5efit = lifetime l[ e>n]s bas$ on ye>s 9 ! work=ce4 ,sec4 #e4 ,payroll tax on remun]ation up to contribution & b5efit base & m ?an #bej1jjj4 ,sec4 #f4 ,tax on net e>n+s f self-employm5t up to contribution & b5efit base & m ?an #bej1jjj4 ,sec4 #g4 ,tax on inve/m5t ga94 #b4 ,across-!-bo>d b5efit increase ,section #bae7;a77#a77;,b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;a77#a77;,b77 is am5d$-- 7#a7 by r$esignat+ clause 7iii7 z clause 7iv72 & 7#b7 by ins]t+ aft] clause 7ii7 ! foll[+ new clause3 7iii7 ,= individuals :o initially become eligible = old-age or disability insurance b5efits1 or :o die 7be=e becom+ eligible = su* b5efits7 9 any cal5d> ye> aft] #bjbb1 ! am\nt det]m9$ "u clause 7i7 ( ?is subp>agraph = purposes ( subp>agraph 7,a77i7 = su* cal5d> ye> %all be increas$ by-- 7,i7 = cal5d> ye> #bjbc1 #a p]c5t2 7,,ii7 = ea* ( cal5d> ye>s #bjbd ?r\gh #bjcf1 ! p]c5t det]m9$ "u ?is clause = ! prec$+ ye> increas$ by #a p]c5tage po9t2 & 7,,iii7 = cal5d> ye> #bjcg & ea* ye> !reaft]1 #ae p]c5t4 4 #c4 ,computation ( co/-(-liv+ increases 7a7 ,9 g5]al ,section #bae7;i77#a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77#a77 is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,h7 ! t]m ,consum] ,price ,index means ! ,consum] ,price ,index = ,eld]ly ,consum]s 7,,cpi-,e1 z publi%$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor74 4 7b7 ,application to pre-#aigi law 7#a7 ,9 g5]al ,section #bae7;i77#a7 ( ! ,social ,security ,act z 9 effect 9 ,decemb] #aigh1 & z appli$ 9 c]ta9 cases "u ! provisions ( su* ,act z 9 effect aft] ,decemb] #aigh1 is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,d7 ! t]m ,consum] ,price ,index means ! ,consum] ,price ,index = ,eld]ly ,consum]s 7,,cpi-,e1 z publi%$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor74 4 7#b7 ,con=m+ *ange ,section #bae7;i77#d7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77#d77 is am5d$ by ins]t+ & by section #ajb ( ! ,social ,security ,expansion ,act aft] #aihf4 7c7 ,no effect on adju/m5ts "u o!r laws ,section #bae7;i7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77 is am5d$ by add+ at ! end ! foll[+3 7#f7 ,any provision ( law 7o!r ?an 9 ?is title1 title ,,viii1 or title ,,xvi7 :i* provides = adju/m5t ( an am\nt bas$ on a *ange 9 b5efit am\nts result+ f a det]m9ation made "u ?is subsection %all be appli$ & adm9i/]$ )\t reg>d to ! am5dm5ts made by section #ajb ( ! ,social ,security ,expansion ,act4 4 7d7 ,publication ( ,consum] ,price ,index = ,eld]ly ,consum]s ,! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor %all prep>e & publi% ! index au?oriz$ by section #aia ( ! ,old] ,am]icans ,am5dm5ts ,act ( #aihg 7#bi ,u4,s4,c4 #b note7 = ea* cal5d> mon?1 beg9n+ ) ,july ( ! cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ?is ,act is enact$1 & su* index %all be kn[n z ! ,consum] ,price ,index = ,eld]ly ,consum]s4 7e7 ,effective date ,! am5dm5ts made by subsection 7a7 %all apply to det]m9ations made ) respect to co/-(-liv+ computation qu>t]s 7z def9$ 9 section #bae7;i77#a77;,b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77#a77;,b777 end+ on or aft] ,septemb] #cj ( ! second cal5d> ye> foll[+ ! cal5d> ye> 9 :i* ?is ,act is enact$4 #d4 ,increase 9 m9imum b5efit = lifetime l[ e>n]s bas$ on ye>s 9 ! work=ce 7a7 ,9 g5]al ,section #bae7;a77#a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;a77#a77 is am5d$-- 7#a7 by r$esignat+ subp>agraph 7,d7 z subp>agraph 7,e72 & 7#b7 by ins]t+ aft] subp>agraph 7,c7 ! foll[+ new subp>agraph3 7,d7 7i7 ,effective ) respect to ! b5efits ( individuals :o become eligible = old-age insurance b5efits or disability insurance b5efits 7or die be=e becom+ s eligible7 aft] #bjag1 no prim>y insurance am\nt comput$ "u subp>agraph 7,a7 may be less ?an ! great] (-- 7,i7 ! m9imum mon?ly am\nt comput$ "u subp>agraph 7,c72 or 7,,ii7 9 ! case ( an individual :o has m ?an #aj ye>s ( "w 7z def9$ 9 clause 7iv77,i771 ! alt]native m9imum am\nt det]m9$ "u clause 7ii74 7ii7 7,i7 ,! alt]native m9imum am\nt det]m9$ "u ?is clause is ! applicable p]c5tage ( #a_/ab ( ! annual doll> am\nt det]m9$ "u clause 7iii7 = ! ye> 9 :i* ! am\nt is det]m9$4 7,,ii7 ,= purposes ( subclause 7,i71 ! applicable p]c5tage is ! p]c5tage specifi$ 9 connection ) ! numb] ( ye>s ( "w1 z set =? 9 ! foll[+ table3 ,if ! numb] ( years,the applicable ( "w is3p]c5tage is3 #aaf4be p]c5t #abab4ej p]c5t #acah4ge p]c5t #adbe4jj p]c5t #aeca4be p]c5t #afcg4ej p]c5t #agdc4ge p]c5t #ahej4jj p]c5t #aief4be p]c5t #bjfb4ej p]c5t #bafh4ge p]c5t #bbge4jj p]c5t #bcha4be p]c5t #bdhg4ej p]c5t #beic4ge p]c5t #bfajj4jj p]c5t #bgajf4be p]c5t #bhaab4ej p]c5t #biaah4ge p]c5t #cj or m#abe4jj p]c5t4 7iii7 ,! annual doll> am\nt det]m9$ "u ?is clause is-- 7,i7 = cal5d> ye> #bjah1 ! pov]ty guidel9e = #bjag2 & 7,,ii7 = any cal5d> ye> aft] #bjah1 ! annual doll> am\nt = #bjah multipli$ by ! ratio (-- 7aa7 ! national av]age wage index 7z def9$ 9 section #bji7k77#a77 = ! second cal5d> ye> prec$+ ! cal5d> ye> = :i* ! det]m9ation is made1 to 7bb7 ! national av]age wage index 7z s def9$7 = #bjaf4 7iv7 ,= purposes ( ?is subp>agraph-- 7,i7 ! t]m ye> ( "w means1 ) respect to an individual1 a ye> to :i* #d qu>t]s ( cov]age h be5 cr$it$ bas$ on su* individual's wages & self-employm5t income2 & 7,,ii7 ! t]m pov]ty guidel9e = #bjag means ! annual pov]ty guidel9e = #bjae 7z updat$ annually 9 ! ,f$]al ,regi/] by ! ,dep>tm5t ( ,heal? & ,human ,s]vices "u ! au?ority ( section #fgc7b7 ( ! ,omnibus ,budget ,reconciliation ,act ( #aiha7 z applicable to a s+le individual4 4 7b7 ,recomputation ,not)/&+ section #bae7;f77#a7 ( ! ,social ,security ,act1 ! ,commission] ( ,social ,security %all recompute prim>y insurance am\nts orig9ally comput$ = mon?s prior to ,novemb] #bjaf to ! ext5t necess>y to c>ry out ! am5dm5ts made by ?is section4 7c7 ,con=m+ am5dm5t ,section #bji7k77#a7 ( su* ,act 7#db ,u4,s4,c4 #dji7k77#a77 is am5d$ by ins]t+ #bae7;a77#a77;,e71 aft] #bae7;a77#a77;,d714 #e4 ,payroll tax on remun]ation up to contribution & b5efit base & m ?an #bej1jjj 7a7 ,9 g5]al ,p>agraph 7#a7 ( section #caba7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] su* cal5d> ye>4 ! foll[+3 ,! prec$+ s5t5ce %all apply only to cal5d> ye>s = :i* ! contribution & b5efit base 7z s det]m9$7 is less ?an #bej1jjj1 &1 = su* cal5d> ye>s1 only to s mu* ( ! remun]ation paid to su* employee by su* employ] ) respect to employm5t z does n exce$ #bej1jjj44 7b7 ,con=m+ am5dm5t ,p>agraph 7#a7 ( section #caba ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,act7 to & ins]t+ ,act71 or 9 excess ( #bej1jjj1 to4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to remun]ation paid aft] ,decemb] #ca1 #bjag4 #f4 ,tax on net e>n+s f self-employm5t up to contribution & b5efit base & m ?an #bej1jjj 7a7 ,9 g5]al ,p>agraph 7#a7 ( section #adjb7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7#a7 9 ! case ( ! tax impos$ by section #adja7;a71 ! excess (-- 7,a7 t "p ( ! net e>n+s f self-employm5t :i* is 9 excess (-- 7i7 an am\nt equal to ! contribution & b5efit base 7z det]m9$ "u section #bcj ( ! ,social ,security ,act7 :i* is effective = ! cal5d> ye> 9 :i* su* taxable ye> beg9s1 m9us 7ii7 ! am\nt ( ! wages paid to su* individual dur+ su* taxable ye>s1 ov] 7,b7 t "p ( ! net e>n+s f self-employm5t :i* is 9 excess ( ! sum (-- 7i7 ! excess (-- 7,i7 ! net e>n+s f self-employm5t r$uc$ by ! excess 7if any7 ( subp>agraph 7,a77i7 ov] subp>agraph 7,a77ii71 ov] 7,,ii7 #bej1jjj1 r$uc$ by su* contribution & b5efit base1 plus 7ii7 ! am\nt ( ! wages paid to su* individual dur+ su* taxable ye> 9 excess ( su* contribution & b5efit base & n 9 excess ( #bej1jjj2 or 4 7b7 ,phase\t ,subsection 7b7 ( section #adjb ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+3 ,p>agraph 7#a7 %all apply only to taxable ye>s beg9n+ 9 cal5d> ye>s = :i* ! contribution & b5efit base 7z det]m9$ "u section #bcj ( ! ,social ,security ,act7 is less ?an #bej1jjj44 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to net e>n+s f self-employm5t d]iv$1 & remun]ation paid1 aft] ,decemb] #ca1 #bjag4 #g4 ,tax on inve/m5t ga9 7a7 ,9 g5]al ,subsection 7a7 ( section #adaa ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #c4h p]c5t ea* place x appe>s & ins]t+ #aj p]c5t4 7b7 ,con=m+ am5dm5t ,! head+ = *apt] #b;,a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ & ,social ,security aft] ,m$ic>e4 7c7 ,tru/ funds 7#a7 ,f$]al ,old-age & ,survivors ,insurance ,tru/ ,fund ,subsection 7a7 ( section #bja ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dja7 is am5d$-- 7,a7 9 p>agraph 7#d71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 7,b7 by ins]t+ aft] p>agraph 7#d7 ! foll[+ new p>agraph3 7#e7 #fb p]c5t ( ! taxes impos$ "u section #adaa ( ! ,int]nal ,rev5ue ,code ( #aihf1 less ! am\nts specifi$ 9 clause 7#c7 ( subsection 7b7 ( ?is section4 2 & 7,c7 9 ! flu% matt] at ! end-- 7i7 by /rik+ clauses 7#c7 & 7#d7 ea* place x appe>s & ins]t+ clauses 7#c71 7#d71 & 7#e72 & 7ii7 by /rik+ clauses 7#a7 & 7#b7 & ins]t+ clauses 7#a71 7#b71 & 7#c74 7#b7 ,f$]al ,disability ,insurance ,tru/ ,fund ,subsection 7b7 ( su* section is am5d$-- 7,a7 9 p>agraph 7#b71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,b7 by add+ at ! end ! foll[+ new p>agraph3 7#c7 #i p]c5t ( ! taxes impos$ "u section #adaa ( ! ,int]nal ,rev5ue ,code ( #aihf4 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjag4