,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #aghc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #bd1 #bjbc,mr4   
,gro?man 7= himself & ,mr4 ,gos>7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d title ,,ii ( ! ,social 
,security ,act to increase ! mon?ly     
exempt am\nt = individuals n atta9+ full
 retirem5t age1 & = o!r purposes4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,s5ior ,indep5d5ce ,act ( #bjbc4  #b4   
,purpose & f9d+s  7a7 ,purpose ,!       
purpose ( ?is ,act is to increase ! base
 exemption us$ by ! ,social ,security   
,adm9i/ration 9 det]m9+ ! annual e>n+s  
limit = e>ly retirees be=e mon?ly       
b5efits are r$uc$4 ,?is legislation w\ld
 increase ! annual e>n+s limitation to  
#cj1jjj 7or #b1ejj p] mon? = less ?an   
full ye> calculations7 = ! ye> #bjbd &  
adju/$ = wage inflation 9 ! foll[+ ye>s 
z requir$ by curr5t law4  7b7 ,f9d+s    
,congress f9ds ! foll[+3 7#a7 ,all[+    
e>ly retirees to e>n m :ile reta9+ _!   

,social ,security b5efits w h no impact 
on ! solv5cy ( ! program because1 "u    
curr5t law1 any r$uctions 9 b5efits =   
excess e>n+s are return$ to ! b5efici>y 
aft] atta9+ full retirem5t age ?r\gh    
increas$ mon?ly b5efits4  7#b7 ,increas+
 ! e>n+ limit = ,social ,security       
b5efici>ies w result 9 ! pot5tial =     
increas$ collection ( ,,fica taxes us$  
to fund ! program4  #c4 ,increase 9     
mon?ly exempt am\nt = individuals n     
atta9+ retirem5t age  7a7 ,9 g5]al      
,section #bjc7;f77#h7 ( ! ,social       
,security ,act 7#db ,u4,s4,c4           
#djc7;f77#h77 is am5d$ by add+ at ! end 
! foll[+3  7,f7 ,not)/&+ any o!r        
provision ( ?is subsection1 ! exempt    
am\nt :i* is applicable to an individual
 o!r ?an an individual describ$ 9       
subp>agraph 7,d7 %all be1 = mon?s 9 any 
taxable ye> end+ aft] #bjbc & be=e      
#bjbe1 #b1ejj4  4  7b7 ,con=m+ am5dm5ts 
,section #bjc7;f77#h7 ( ! ,social       
,security ,act 7#db ,u4,s4,c4           
#djc7;f77#h77 is fur!r am5d$-- 7#a7 9   

subp>agraph 7,b77ii7-- 7,a7 9 ! matt]   
prec$+ subclause 7,i71 by /rik+ !       
taxable ye> end+ aft] #aiic & be=e #aiie
 & ins]t+ ! taxable ye> end+ aft] #bjbc 
& be=e #bjbe2 &  7,b7 9 subclause       
7,,ii71 by /rik+ #aiib & ins]t+ #bjbb4  
7c7 ,effective date ,! am5dm5ts made by 
?is ,act %all apply ) respect to mon?s 9
 taxable ye>s end+ 9 any cal5d> ye> aft]
 #bjbc4