I 

116TH CONGRESS 

1ST SESSION H. R. 860 

To protect our Social Security system and improve benefits for current and 

future generations. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 30, 2019 

Mr. LARSON of Connecticut (for himself, Ms. ADAMS, Mr. AGUILAR, Ms. 

BARRAGA ́N, Ms. BASS, Mrs. BEATTY, Mr. BERA, Mr. BEYER, Mr. 

BISHOP of Georgia, Mr. BLUMENAUER, Ms. BLUNT ROCHESTER, Ms. 

BONAMICI, Mr. BRENDAN F. BOYLE of Pennsylvania, Ms. BROWNLEY of 

California, Mr. BROWN of Maryland, Mrs. BUSTOS, Mr. BUTTERFIELD, 

Mr. CARBAJAL, Mr. CA ́RDENAS, Mr. CARSON of Indiana, Mr. CARTWRIGHT, Mr. CASE, Mr. CASTEN of Illinois, Ms. CASTOR of Florida, Mr. 

CASTRO of Texas, Ms. JUDY CHU of California, Mr. CICILLINE, Mr. 

CISNEROS, Ms. CLARK of Massachusetts, Ms. CLARKE of New York, Mr. 

CLAY, Mr. CLEAVER, Mr. CLYBURN, Mr. COHEN, Mr. CONNOLLY, Mr. 

CORREA, Mr. COURTNEY, Mr. COX of California, Mrs. CRAIG, Mr. CROW, 

Mr. CUELLAR, Mr. CUMMINGS, Ms. DAVIDS of Kansas, Mr. DANNY K. 

DAVIS of Illinois, Mrs. DAVIS of California, Ms. DEAN, Mr. DEFAZIO, 

Ms. DEGETTE, Ms. DELAURO, Ms. DELBENE, Mrs. DEMINGS, Mr. 

DESAULNIER, Mr. DEUTCH, Mrs. DINGELL, Mr. DOGGETT, Mr. MICHAEL F. DOYLE of Pennsylvania, Mr. ENGEL, Ms. ESCOBAR, Ms. 

ESHOO, Mr. ESPAILLAT, Mr. EVANS, Mr. FOSTER, Ms. FRANKEL, Ms. 

FUDGE, Ms. GABBARD, Mr. GALLEGO, Mr. GARCI ́A of Illinois, Ms. GARCIA of Texas, Mr. GARAMENDI, Mr. GOLDEN, Mr. GOMEZ, Mr. GONZALEZ of Texas, Mr. GREEN of Texas, Mr. GRIJALVA, Ms. HAALAND, Mr. 

HASTINGS, Mrs. HAYES, Mr. HECK, Mr. HIGGINS of New York, Ms. 

HILL of California, Mr. HIMES, Ms. KENDRA S. HORN of Oklahoma, Mr. 

HORSFORD, Ms. HOULAHAN, Mr. HUFFMAN, Ms. JACKSON LEE, Ms. 

JAYAPAL, Mr. JEFFRIES, Ms. JOHNSON of Texas, Mr. JOHNSON of Georgia, Ms. KAPTUR, Mr. KEATING, Ms. KELLY of Illinois, Mr. KENNEDY, 

Mr. KHANNA, Mr. KILDEE, Mr. KILMER, Mr. KIM, Mrs. KIRKPATRICK, 

Ms. KUSTER of New Hampshire, Mr. LAMB, Mr. LANGEVIN, Mr. LARSEN

of Washington, Mrs. LAWRENCE, Mr. LAWSON of Florida, Ms. LEE of 

California, Mr. LEVIN of Michigan, Mr. LEVIN of California, Mr. LEWIS, 

Mr. TED LIEU of California, Ms. LOFGREN, Mr. LOWENTHAL, Mr. 

LUJA ́N, Mr. LYNCH, Mr. MALINOWSKI, Mrs. CAROLYN B. MALONEY of 

New York, Mr. SEAN PATRICK MALONEY of New York, Ms. MATSUI, Ms. 

MCCOLLUM, Mr. MCEACHIN, Mr. MCGOVERN, Mr. MCNERNEY, Mr. 


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MEEKS, Ms. MENG, Ms. MOORE, Mr. MORELLE, Mr. MOULTON, Ms. 

MUCARSEL-POWELL, Mr. NADLER, Mrs. NAPOLITANO, Mr. NEAL, Mr. 

NEGUSE, Mr. NORCROSS, Ms. NORTON, Ms. OCASIO-CORTEZ, Ms. OMAR, 

Mr. PALLONE, Mr. PANETTA, Mr. PAPPAS, Mr. PASCRELL, Mr. PAYNE, 

Mr. PERLMUTTER, Mr. PETERSON, Ms. PINGREE, Ms. PLASKETT, Mr. 

POCAN, Ms. PORTER, Ms. PRESSLEY, Mr. PRICE of North Carolina, Mr. 

QUIGLEY, Mr. RASKIN, Miss RICE of New York, Mr. RICHMOND, Mr. 

ROUDA, Ms. ROYBAL-ALLARD, Mr. RUIZ, Mr. RUPPERSBERGER, Mr. 

RUSH, Mr. RYAN, Mr. SABLAN, Ms. SA ́NCHEZ, Mr. SARBANES, Ms. 

SCANLON, Ms. SCHAKOWSKY, Mr. SCHIFF, Ms. SCHRIER, Mr. SCOTT of 

Virginia, Mr. DAVID SCOTT of Georgia, Mr. SERRANO, Ms. SEWELL of 

Alabama, Ms. SHALALA, Mr. SHERMAN, Mr. SIRES, Mr. SMITH of Washington, Mr. SOTO, Mr. SUOZZI, Ms. SPEIER, Mr. STANTON, Ms. STEVENS, Mr. SWALWELL of California, Mr. TAKANO, Mr. THOMPSON of 

Mississippi, Mr. THOMPSON of California, Ms. TITUS, Ms. TLAIB, Mr. 

TONKO, Mrs. TORRES of California, Mrs. TRAHAN, Mr. TRONE, Ms. 

UNDERWOOD, Mr. VARGAS, Mr. VEASEY, Mr. VELA, Ms. VELA ́ZQUEZ, 

Ms. WASSERMAN SCHULTZ, Ms. WATERS, Mrs. WATSON COLEMAN, Mr. 

WELCH, Ms. WEXTON, Ms. WILD, Ms. WILSON of Florida, and Mr. YARMUTH) introduced the following bill; which was referred to the Committee 

on Ways and Means, and in addition to the Committees on Education 

and Labor, and Energy and Commerce, for a period to be subsequently 

determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To protect our Social Security system and improve benefits 

for current and future generations. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Social Security 2100 

5 Act’’. 

6 SEC. 2. TABLE OF CONTENTS. 

7 The table of contents for this Act is as follows: 

Sec. 1. Short title. 

Sec. 2. Table of contents. 


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TITLE I—STRENGTHENING BENEFITS 

Sec. 101. Across-the-board benefit increase. 

Sec. 102. More accurate cost-of-living adjustment for Social Security beneficiaries. 

Sec. 103. Increase in minimum benefit for lifetime low earners based on years 

in the workforce. 

Sec. 104. Increase in threshold amounts and rate for inclusion of Social Security benefits in income. 

Sec. 105. Holding SSI, Medicaid, and CHIP beneficiaries harmless. 

TITLE II—STRENGTHENING THE TRUST FUND 

Sec. 201. Determination of wages and self-employment income above contribution and benefit base after 2019. 

Sec. 202. Inclusion of earnings over $400,000 in Social Security benefit formula. 

Sec. 203. Adjustment to the Social Security insurance contribution. 

Sec. 204. Social Security Trust Fund established. 

1 TITLE I—STRENGTHENING 

2 BENEFITS 

3 SEC. 101. ACROSS-THE-BOARD BENEFIT INCREASE. 

4 (a) IN GENERAL.—Section 215(a)(1)(A)(i) of the So5 cial Security Act (42 U.S.C. 415(a)(1)(A)(i)) is amended 

6 by striking ‘‘90 percent’’ and inserting ‘‘93 percent’’. 

7 (b) EFFECTIVE DATE.— 

8 (1) IN GENERAL.—The amendment made by 

9 subsection (a) shall apply with respect to monthly 

10 insurance benefits payable for any month after De11 cember 2019. 

12 (2) RECOMPUTATION OF PRIMARY INSURANCE

13 AMOUNTS.—Notwithstanding section 215(f) of the 

14 Social Security Act, the Commissioner of Social Se15 curity shall recompute primary insurance amounts 

16 originally computed for months prior to January 


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1 2020 to the extent necessary to carry out the 

2 amendments made by this section. 

3 SEC. 102. MORE ACCURATE COST-OF-LIVING ADJUSTMENT 

4 FOR SOCIAL SECURITY BENEFICIARIES. 

5 (a) IN GENERAL.—Section 215(i)(1) of the Social Se6 curity Act (42 U.S.C. 415(i)(1)) is amended by adding 

7 at the end the following new subparagraph: 

8 ‘‘(H) the term ‘Consumer Price Index’ means 

9 the Consumer Price Index for Elderly Consumers 

10 (CPI–E, as published by the Bureau of Labor Sta11 tistics of the Department of Labor).’’. 

12 (b) APPLICATION TO PRE-1979 LAW.— 

13 (1) IN GENERAL.—Section 215(i)(1) of the So14 cial Security Act as in effect in December 1978, and 

15 as applied in certain cases under the provisions of 

16 such Act as in effect after December 1978, is 

17 amended by adding at the end the following new 

18 subparagraph: 

19 ‘‘(D) the term ‘Consumer Price Index’ means 

20 the Consumer Price Index for Elderly Consumers 

21 (CPI–E, as published by the Bureau of Labor Sta22 tistics of the Department of Labor).’’. 

23 (2) CONFORMING CHANGE.—Section 215(i)(4) 

24 of the Social Security Act (42 U.S.C. 415(i)(4)) is 


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1 amended by inserting ‘‘and by section 102 of the So2 cial Security 2100 Act’’ after ‘‘1986’’. 

3 (c) NO EFFECT ON ADJUSTMENTS UNDER OTHER

4 LAWS.—Section 215(i) of the Social Security Act (42 

5 U.S.C. 415(i)) is amended by adding at the end the fol6 lowing: 

7 ‘‘(6) Any provision of law (other than in this title, 

8 title VIII, or title XVI) which provides for adjustment of 

9 an amount based on a change in benefit amounts resulting 

10 from a determination made under this subsection shall be 

11 applied and administered without regard to the amend12 ments made by subsections (a) and (b) of section 102 of 

13 the Social Security 2100 Act.’’. 

14 (d) PUBLICATION OF CONSUMER PRICE INDEX FOR

15 ELDERLY CONSUMERS.—The Bureau of Labor Statistics 

16 of the Department of Labor shall prepare and publish an 

17 index for each calendar month to be known as the ‘‘Con18 sumer Price Index for Elderly Consumers’’ that indicates 

19 changes over time in expenditures for consumption which 

20 are typical for individuals in the United States who have 

21 attained age 62. 

22 (e) EFFECTIVE DATE.—The amendments made by 

23 this section shall apply to determinations made with re24 spect to cost-of-living computation quarters (as defined in 

25 section 215(i)(1)(B) of the Social Security Act (42 U.S.C. 


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1 415(i)(1)(B))) ending on or after September 30 of the cal2 endar year in which this Act is enacted. 

3 SEC. 103. INCREASE IN MINIMUM BENEFIT FOR LIFETIME 

4 LOW EARNERS BASED ON YEARS IN THE 

5 WORKFORCE. 

6 (a) IN GENERAL.—Section 215(a)(1) of the Social 

7 Security Act (42 U.S.C. 415(a)(1)) is amended— 

8 (1) by redesignating subparagraph (D) as sub9 paragraph (E); and 

10 (2) by inserting after subparagraph (C) the fol11 lowing new subparagraph: 

12 ‘‘(D)(i) Effective with respect to the benefits of indi13 viduals who become eligible for old-age insurance benefits 

14 or disability insurance benefits (or die before becoming so 

15 eligible) after 2019, no primary insurance amount com16 puted under subparagraph (A) may be less than the great17 er of— 

18 ‘‘(I) the minimum monthly amount computed 

19 under subparagraph (C); or 

20 ‘‘(II) in the case of an individual who has more 

21 than 10 years of work (as defined in clause (iv)(I)), 

22 the alternative minimum amount determined under 

23 clause (ii). 

24 ‘‘(ii)(I) The alternative minimum amount determined 

under this clause is the applicable percentage of 1 25 ⁄12 of 


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1 the annual dollar amount determined under clause (iii) for 

2 the year in which the amount is determined. 

3 ‘‘(II) For purposes of subclause (I), the applicable 

4 percentage is the percentage specified in connection with 

5 the number of years of work, as set forth in the following 

6 table: 

‘‘If the number of years The applicable 

of work is: percentage is: 

11 ...................................................................................... 6.25 percent

12 ...................................................................................... 12.50 percent

13 ...................................................................................... 18.75 percent

14 ...................................................................................... 25.00 percent

15 ...................................................................................... 31.25 percent

16 ...................................................................................... 37.50 percent

17 ...................................................................................... 43.75 percent

18 ...................................................................................... 50.00 percent

19 ...................................................................................... 56.25 percent

20 ...................................................................................... 62.50 percent

21 ...................................................................................... 68.75 percent

22 ...................................................................................... 75.00 percent

23 ...................................................................................... 81.25 percent

24 ...................................................................................... 87.50 percent

25 ...................................................................................... 93.75 percent

26 ...................................................................................... 100.00 percent

27 ...................................................................................... 106.25 percent

28 ...................................................................................... 112.50 percent

29 ...................................................................................... 118.75 percent

30 or more ........................................................................ 125.00 percent. 

7 ‘‘(iii) The annual dollar amount determined under 

8 this clause is— 

9 ‘‘(I) for calendar year 2020, the poverty guide10 line for 2019; and 

11 ‘‘(II) for any calendar year after 2020, the an12 nual dollar amount for 2020 multiplied by the ratio 

13 of— 


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1 ‘‘(aa) the national average wage index (as 

2 defined in section 209(k)(1)) for the second cal3 endar year preceding the calendar year for 

4 which the determination is made, to 

5 ‘‘(bb) the national average wage index (as 

6 so defined) for 2018. 

7 ‘‘(iv) For purposes of this subparagraph— 

8 ‘‘(I) the term ‘year of work’ means, with re9 spect to an individual, a year to which 4 quarters of 

10 coverage have been credited based on such individ11 ual’s wages and self-employment income; and 

12 ‘‘(II) the term ‘poverty guideline for 2019’ 

13 means the annual poverty guideline for 2019 (as up14 dated annually in the Federal Register by the De15 partment of Health and Human Services under the 

16 authority of section 673(2) of the Omnibus Budget 

17 Reconciliation Act of 1981) as applicable to a single 

18 individual.’’. 

19 (b) RECOMPUTATION.—Notwithstanding section 

20 215(f)(1) of the Social Security Act, the Commissioner of 

21 Social Security shall recompute primary insurance 

22 amounts originally computed for months prior to Novem23 ber 2019 to the extent necessary to carry out the amend24 ments made by this section. 


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1 (c) CONFORMING AMENDMENT.—Section 209(k)(1) 

2 of such Act (42 U.S.C. 409(k)(1)) is amended by inserting 

3 ‘‘215(a)(1)(E),’’ after ‘‘215(a)(1)(D),’’. 

4 SEC. 104. INCREASE IN THRESHOLD AMOUNTS AND RATE 

5 FOR INCLUSION OF SOCIAL SECURITY BENE6 FITS IN INCOME. 

7 (a) IN GENERAL.—Subsection (a) of section 86 of the 

8 Internal Revenue Code of 1986 is amended to read as fol9 lows: 

10 ‘‘(a) IN GENERAL.—Gross income for the taxable 

11 year of any taxpayer described in subsection (b) (notwith12 standing section 207 of the Social Security Act) includes 

13 Social Security benefits in an amount equal to the lesser 

14 of— 

15 ‘‘(1) 85 percent of the Social Security benefits 

16 received during the taxable year, or 

17 ‘‘(2) one-half of the excess described in sub18 section (b)(1).’’. 

19 (b) BASE AMOUNT.—Subsection (c) of section 86 of 

20 such Code is amended to read as follows: 

21 ‘‘(c) BASE AMOUNT.—For purposes of this section, 

22 the term ‘base amount’ means— 

23 ‘‘(1) except as otherwise provided in this para24 graph, $50,000, 

25 ‘‘(2) $100,000 in the case of a joint return, and 


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1 ‘‘(3) zero in the case of a taxpayer who— 

2 ‘‘(A) is married as of the close of the tax3 able year (within the meaning of section 7703) 

4 but does not file a joint return for such year, 

5 and 

6 ‘‘(B) does not live apart from his spouse at 

7 all times during the taxable year.’’. 

8 (c) HOSPITAL INSURANCE TRUST FUND HELD

9 HARMLESS.—Section 121(e)(1) of the Social Security 

10 Amendments of 1986 (42 U.S.C. 401 note) is amended 

11 by adding at the end the following new subparagraph: 

12 ‘‘(C) The amounts appropriated to the hospital 

13 insurance trust fund by subparagraph (B) shall be 

14 determined, and transferred from the general fund, 

15 at such times and in such manner so as to replicate, 

16 to the extent possible, the appropriations and trans17 fers which would have occurred with respect to such 

18 trust fund had subsections (a) and (b) of section 

19 104 of the Social Security 2100 Act not been en20 acted.’’. 

21 (d) EFFECTIVE DATE.—The amendments made by 

22 this section shall apply to taxable years beginning after 

23 December 31, 2019. 


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1 SEC. 105. HOLDING SSI, MEDICAID, AND CHIP BENE2 FICIARIES HARMLESS. 

3 For purposes of determining the income of an indi4 vidual to establish eligibility for, and the amount of, bene5 fits payable under title XVI of the Social Security Act, 

6 eligibility for medical assistance under the State plan 

7 under title XIX (or a waiver of such plan), or eligibility 

8 for child health assistance under the State child health 

9 plan under title XXI (or a waiver of the plan), the amount 

10 of any benefit to which the individual is entitled under 

11 title II of such Act shall be deemed not to exceed the 

12 amount of the benefit that would be determined for such 

13 individual under such title as in effect on the day before 

14 the date of the enactment of this Act. 

15 TITLE II—STRENGTHENING THE 

16 TRUST FUND 

17 SEC. 201. DETERMINATION OF WAGES AND SELF-EMPLOY18 MENT INCOME ABOVE CONTRIBUTION AND 

19 BENEFIT BASE AFTER 2019. 

20 (a) DETERMINATION OF WAGES ABOVE CONTRIBU21 TION AND BENEFIT BASE AFTER 2019.— 

22 (1) AMENDMENTS TO THE INTERNAL REVENUE

23 CODE.— 

24 (A) IN GENERAL.—Paragraph (1) of sec25 tion 3121(a) of the Internal Revenue Code of 

26 1986 is amended by inserting after ‘‘such calVerDate Sep 11 2014 23:54 Feb 07, 2019 Jkt 089200 PO 00000 Frm 00011 Fmt 6652 Sfmt 6201 E:\BILLS\H860.IH H860

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1 endar year.’’ the following: ‘‘The preceding sen2 tence shall apply only to calendar years for 

3 which the contribution and benefit base (as so 

4 determined) is less than $400,000, and, for 

5 such calendar years, only to the extent remu6 neration paid to such employee by such em7 ployer with respect to employment does not ex8 ceed $400,000.’’. 

9 (B) CONFORMING AMENDMENT.—Para10 graph (1) of section 3121(a) of the Internal 

11 Revenue Code of 1986 is amended by striking 

12 ‘‘Act) to’’ and inserting ‘‘Act), or in excess of 

13 $400,000, to’’. 

14 (2) AMENDMENT TO THE SOCIAL SECURITY

15 ACT.—Section 209(a)(1)(I) of the Social Security 

16 Act (42 U.S.C. 409(a)(1)(I)) is amended by insert17 ing before the semicolon at the end the following: 

18 ‘‘except that this subparagraph shall apply only to 

19 calendar years for which the contribution and ben20 efit base (as so determined) is less than $400,000, 

21 and, for such calendar years, only to the extent re22 muneration paid to such employee by such employer 

23 with respect to employment does not exceed 

24 $400,000’’. 


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1 (3) EFFECTIVE DATE.—The amendments made 

2 by this subsection shall apply with respect to remu3 neration paid in calendar years after 2019. 

4 (b) DETERMINATION OF SELF-EMPLOYMENT IN5 COME ABOVE CONTRIBUTION AND BENEFIT BASE AFTER

6 2019.— 

7 (1) AMENDMENTS TO THE INTERNAL REVENUE

8 CODE.— 

9 (A) IN GENERAL.—Paragraph (1) of sec10 tion 1402(b) of the Internal Revenue Code of 

11 1986 is amended to read as follows: 

12 ‘‘(1) in the case of the tax imposed by section 

13 1401(a), an amount equal to— 

14 ‘‘(A) $400,000, reduced (but not below 

15 zero) by 

16 ‘‘(B) the sum of— 

17 ‘‘(i) the part of the net earnings from 

18 self-employment (if any) which is not in 

19 excess of— 

20 ‘‘(I) the amount equal to the con21 tribution and benefit base (as deter22 mined under section 230 of the Social 

23 Security Act) which is effective for the 

24 calendar year in which such taxable 

25 year begins, minus 


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1 ‘‘(II) the amount of the wages 

2 paid to such individual during such 

3 taxable year, plus 

4 ‘‘(ii) the amount of the wages paid to 

5 such individual during such taxable year 

6 which is in excess of the amount in clause 

7 (i)(I); or’’. 

8 (B) PHASEOUT.—Subsection (b) of section 

9 1402 of the Internal Revenue Code of 1986 is 

10 amended by adding at the end the following: 

11 ‘‘Paragraph (1) shall apply only to taxable 

12 years beginning in calendar years for which the 

13 contribution and benefit base (as determined 

14 under section 230 of the Social Security Act) is 

15 less than $400,000.’’. 

16 (2) AMENDMENTS TO THE SOCIAL SECURITY

17 ACT.— 

18 (A) IN GENERAL.—Section 211(b)(1) of 

19 the Social Security Act (42 U.S.C. 411(b)) is 

20 amended— 

21 (i) in subparagraph (I)— 

22 (I) by inserting ‘‘and before 

23 2019’’ after ‘‘1974’’; and 

24 (II) by striking ‘‘or’’ at the end; 

25 and 


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1 (ii) by adding at the end the fol2 lowing: 

3 ‘‘(J) For any taxable year beginning in any 

4 calendar year after 2019, an amount equal to— 

5 ‘‘(i) $400,000, reduced (but not below 

6 zero) by 

7 ‘‘(ii) the sum of— 

8 ‘‘(I) the part of the net earnings 

9 from self-employment (if any) which is 

10 not in excess of— 

11 ‘‘(aa) the amount equal to 

12 the contribution and benefit base 

13 (as determined under section 

14 230) which is effective for the 

15 calendar year in which such tax16 able year begins, minus 

17 ‘‘(bb) the amount of the 

18 wages paid to such individual 

19 during such taxable year, plus 

20 ‘‘(II) the amount of the wages 

21 paid to such individual during such 

22 taxable year which is in excess of the 

23 amount in subclause (I)(aa); or’’. 

24 (B) PHASEOUT.—Section 211(b) of the 

25 Social Security Act (42 U.S.C. 411(b)) is 


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1 amended by adding at the end the following: 

2 ‘‘Paragraph (1) shall apply only to taxable 

3 years beginning in calendar years for which the 

4 contribution and benefit base (as determined 

5 under section 230) is less than $400,000.’’. 

6 (3) EFFECTIVE DATE.—The amendments made 

7 by this subsection shall apply to net earnings from 

8 self-employment derived, and remuneration paid, in 

9 calendar years after 2019. 

10 SEC. 202. INCLUSION OF EARNINGS OVER $400,000 IN SO11 CIAL SECURITY BENEFIT FORMULA. 

12 (a) INCLUSION OF EARNINGS OVER $400,000 IN DE13 TERMINATION OF PRIMARY INSURANCE AMOUNTS.—Sec14 tion 215(a)(1)(A) of the Social Security Act (42 U.S.C. 

15 415(a)(1)(A)) is amended— 

16 (1) in clause (ii), by striking ‘‘and’’ at the end; 

17 (2) in clause (iii), by inserting ‘‘and’’ at the 

18 end; and 

19 (3) by inserting after clause (iii) the following: 

20 ‘‘(iv) 2 percent of the individual’s excess aver21 age indexed monthly earnings (as defined in sub22 section (b)(5)(A)).’’. 

23 (b) DEFINITION OF EXCESS AVERAGE INDEXED

24 MONTHLY EARNINGS.—Section 215(b) of the Social Secu25 rity Act (42 U.S.C. 415(b)) is amended— 


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1 (1) by striking ‘‘wages’’ and ‘‘self-employment 

2 income’’ each place such terms appear and inserting 

3 ‘‘basic wages’’ and ‘‘basic self-employment income’’, 

4 respectively; and 

5 (2) by adding at the end the following: 

6 ‘‘(5)(A) An individual’s excess average indexed 

7 monthly earnings shall be equal to the amount of the indi8 vidual’s average indexed monthly earnings that would be 

9 determined under this subsection by substituting ‘excess 

10 wages’ for ‘basic wages’ and ‘excess self-employment in11 come’ for ‘basic self-employment income’ each place such 

12 terms appear in this subsection (except in this paragraph). 

13 ‘‘(B) For purposes of this subsection— 

14 ‘‘(i) the term ‘basic wages’ means that portion 

15 of the wages of an individual paid in a year that 

16 does not exceed the contribution and benefit base for 

17 the year; 

18 ‘‘(ii) the term ‘basic self-employment income’ 

19 means that portion of the self-employment income of 

20 an individual credited to a year that does not exceed 

21 an amount equal to the contribution and benefit 

22 base for the year minus the amount of the wages 

23 paid to the individual in the year; 

24 ‘‘(iii) the term ‘excess wages’ means that por25 tion of the wages of an individual paid in a year 


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1 after 2019 in excess of the higher of $400,000 or 

2 the contribution and benefit base for the year; and 

3 ‘‘(iv) the term ‘excess self-employment income’ 

4 means that portion of the self-employment income of 

5 an individual credited to a year after 2019 in excess 

6 of the higher of $400,000 or such contribution and 

7 benefit base.’’. 

8 (c) CONFORMING AMENDMENT.—Section 215(e)(1) 

9 of the Social Security Act (42 U.S.C. 415(e)(1)) is amend10 ed by inserting ‘‘and before 2020’’ after ‘‘after 1974’’. 

11 (d) EFFECTIVE DATE.—The amendments made by 

12 this section shall apply with respect to individuals who ini13 tially become eligible (within the meaning of section 

14 215(a)(3)(B) of the Social Security Act) for old-age or dis15 ability insurance benefits under title II of the Social Secu16 rity Act, or who die (before becoming eligible for such ben17 efits), in any calendar year after 2019. 

18 SEC. 203. ADJUSTMENT TO THE SOCIAL SECURITY INSUR19 ANCE CONTRIBUTION. 

20 (a) TAX ON EMPLOYEES.—Subsection (a) of section 

21 3101 of the Internal Revenue Code of 1986 is amended 

22 by striking ‘‘6.2 percent of the wages (as defined in section 

23 3121(a)) received by the individual with respect to employ24 ment (as defined in section 3121(b))’’ and inserting ‘‘the 

25 following percentages of the wages (as defined in section 


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1 3121(a)) received by the individual with respect to employ2 ment (as defined in section 3121(b)): 

‘‘In cases of wages The rate of tax 

received during: shall be: 

any calendar year after 1989 and before 2020 ................ 6.20 percent

2020 .................................................................................. 6.25 percent

2021 .................................................................................. 6.30 percent

2022 .................................................................................. 6.35 percent

2023 .................................................................................. 6.40 percent

2024 .................................................................................. 6.45 percent

2025 .................................................................................. 6.50 percent

2026 .................................................................................. 6.55 percent

2027 .................................................................................. 6.60 percent

2028 .................................................................................. 6.65 percent

2029 .................................................................................. 6.70 percent

2030 .................................................................................. 6.75 percent

2031 .................................................................................. 6.80 percent

2032 .................................................................................. 6.85 percent

2033 .................................................................................. 6.90 percent

2034 .................................................................................. 6.95 percent

2035 .................................................................................. 7.00 percent

2036 .................................................................................. 7.05 percent

2037 .................................................................................. 7.10 percent

2038 .................................................................................. 7.15 percent

2039 .................................................................................. 7.20 percent

2040 .................................................................................. 7.25 percent

2041 .................................................................................. 7.30 percent

2042 .................................................................................. 7.35 percent

any calendar year after 2042 ............................................ 7.40 percent.’’. 

3 (b) TAX ON EMPLOYERS.—Subsection (a) of section 

4 3111 of the Internal Revenue Code of 1986 is amended 

5 by striking ‘‘6.2 percent of the wages (as defined in section 

6 3121(a)) paid by the employer with respect to employment 

7 (as defined in section 3121(b))’’ and inserting ‘‘the fol8 lowing percentages of the wages (as defined in section 

9 3121(a)) paid by the employer with respect to employment 

10 (as defined in section 3121(b)): 

‘‘In cases of wages The rate of tax 

received during: shall be: 

any calendar year after 1989 and before 2020 ................ 6.20 percent

2020 .................................................................................. 6.25 percent

2021 .................................................................................. 6.30 percent


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‘‘In cases of wages The rate of tax 

received during: shall be: 

2022 .................................................................................. 6.35 percent

2023 .................................................................................. 6.40 percent

2024 .................................................................................. 6.45 percent

2025 .................................................................................. 6.50 percent

2026 .................................................................................. 6.55 percent

2027 .................................................................................. 6.60 percent

2028 .................................................................................. 6.65 percent

2029 .................................................................................. 6.70 percent

2030 .................................................................................. 6.75 percent

2031 .................................................................................. 6.80 percent

2032 .................................................................................. 6.85 percent

2033 .................................................................................. 6.90 percent

2034 .................................................................................. 6.95 percent

2035 .................................................................................. 7.00 percent

2036 .................................................................................. 7.05 percent

2037 .................................................................................. 7.10 percent

2038 .................................................................................. 7.15 percent

2039 .................................................................................. 7.20 percent

2040 .................................................................................. 7.25 percent

2041 .................................................................................. 7.30 percent

2042 .................................................................................. 7.35 percent

any calendar year after 2042 ............................................ 7.40 percent.’’. 

1 (c) SELF-EMPLOYMENT INCOME.—Subsection (a) of 

2 section 1401 of the Internal Revenue Code of 1986 is 

3 amended by striking ‘‘12.4 percent of the amount of the 

4 self-employment income for such taxable year’’ and insert5 ing ‘‘the following percentages of the amount of the self6 employment income for such taxable year: 

‘‘In cases of wages The rate of tax 

received during: shall be: 

any calendar year after 1989 and before 2020 ................ 12.40 percent

2020 .................................................................................. 12.50 percent

2021 .................................................................................. 12.60 percent

2022 .................................................................................. 12.70 percent

2023 .................................................................................. 12.80 percent

2024 .................................................................................. 12.90 percent

2025 .................................................................................. 13.00 percent

2026 .................................................................................. 13.10 percent

2027 .................................................................................. 13.20 percent

2028 .................................................................................. 13.30 percent

2029 .................................................................................. 13.40 percent

2030 .................................................................................. 13.50 percent

2031 .................................................................................. 13.60 percent

2032 .................................................................................. 13.70 percent

2033 .................................................................................. 13.80 percent


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‘‘In cases of wages The rate of tax 

received during: shall be: 

2034 .................................................................................. 13.90 percent

2035 .................................................................................. 14.00 percent

2036 .................................................................................. 14.10 percent

2037 .................................................................................. 14.20 percent

2038 .................................................................................. 14.30 percent

2039 .................................................................................. 14.40 percent

2040 .................................................................................. 14.50 percent

2041 .................................................................................. 14.60 percent

2042 .................................................................................. 14.70 percent

any calendar year after 2042 ............................................ 14.80 percent.’’. 

1 (d) EFFECTIVE DATE.—The amendments made by 

2 this section shall apply to remuneration received, and tax3 able years beginning, after December 31, 2019. 

4 SEC. 204. SOCIAL SECURITY TRUST FUND ESTABLISHED. 

5 (a) IN GENERAL.—Section 201(a) of the Social Secu6 rity Act (42 U.S.C. 401(a)) is amended to read as follows: 

7 ‘‘(a) There is hereby created on the books of the 

8 Treasury of the United States a trust fund to be known 

9 as the ‘Social Security Trust Fund’. The Social Security 

10 Trust Fund shall consist of the securities held by the Sec11 retary of the Treasury for the Federal Old-Age and Sur12 vivors Insurance Trust Fund and the Federal Disability 

13 Insurance Trust Fund and the amount standing to the 

14 credit of the Federal Old-Age and Survivors Insurance 

15 Trust Fund and the Federal Disability Insurance Trust 

16 Fund on the books of the Treasury on January 1 of the 

17 first calendar year beginning after the date of the enact18 ment of section 204 of the Social Security 2100 Act, which 

19 securities and amount the Secretary of the Treasury is 


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1 authorized and directed to transfer to the Social Security 

2 Trust Fund, and, in addition, such gifts and bequests as 

3 may be made as provided in subsection (i)(1), and such 

4 amounts as may be appropriated to, or deposited in, the 

5 Social Security Trust Fund as hereinafter provided. There 

6 is hereby appropriated to the Social Security Trust Fund 

7 for the first fiscal year that begins after date of the enact8 ment of section 204 of the Social Security 2100 Act, and 

9 for each fiscal year thereafter, out of any moneys in the 

10 Treasury not otherwise appropriated, amounts equivalent 

11 to 100 percent of— 

12 ‘‘(1) the taxes imposed by chapter 21 (other 

13 than sections 3101(b) and 3111(b)) of the Internal 

14 Revenue Code of 1986 with respect to wages (as de15 fined in section 3121 of such Code) reported to the 

16 Secretary of the Treasury pursuant to subtitle F of 

17 the Internal Revenue Code of 1986, as determined 

18 by the Secretary of the Treasury by applying the ap19 plicable rates of tax under such chapter (other than 

20 sections 3101(b) and 3111(b)) to such wages, which 

21 wages shall be certified by the Commissioner of So22 cial Security on the basis of the records of wages es23 tablished and maintained by such Commissioner in 

24 accordance with such reports; and 


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1 ‘‘(2) the taxes imposed by chapter 2 (other than 

2 section 1401(b)) of the Internal Revenue Code of 

3 1986 with respect to self-employment income (as de4 fined in section 1402 of such Code) reported to the 

5 Secretary of the Treasury on tax returns under sub6 title F of such Code, as determined by the Secretary 

7 of the Treasury by applying the applicable rate of 

8 tax under such chapter (other than section 1401(b)) 

9 to such self-employment income, which self-employ10 ment income shall be certified by the Commissioner 

11 of Social Security on the basis of the records of self12 employment income established and maintained by 

13 the Commissioner of Social Security in accordance 

14 with such returns. 

15 The amounts appropriated by paragraphs (1) and (2) shall 

16 be transferred from time to time from the general fund 

17 in the Treasury to the Social Security Trust Fund, such 

18 amounts to be determined on the basis of estimates by 

19 the Secretary of the Treasury of the taxes, specified in 

20 paragraphs (1) and (2), paid to or deposited into the 

21 Treasury; and proper adjustments shall be made in 

22 amounts subsequently transferred to the extent prior esti23 mates were in excess of or were less than the taxes speci24 fied in such paragraphs (1) and (2). All amounts trans25 ferred to the Social Security Trust Fund under the preVerDate Sep 11 2014 23:54 Feb 07, 2019 Jkt 089200 PO 00000 Frm 00023 Fmt 6652 Sfmt 6201 E:\BILLS\H860.IH H860

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1 ceding sentence shall be invested by the Managing Trustee 

2 in the same manner and to the same extent as the other 

3 assets of the Trust Fund. Notwithstanding the preceding 

4 sentence, in any case in which the Secretary of the Treas5 ury determines that the assets of the Trust Fund would 

6 otherwise be inadequate to meet the Trust Fund’s obliga7 tions for any month, the Secretary of the Treasury shall 

8 transfer to the Trust Fund on the first day of such month 

9 the total amount which would have been transferred to 

10 the Trust Fund under this section as in effect on October 

11 1, 1990; and the Trust Fund shall pay interest to the gen12 eral fund on the amount so transferred on the first day 

13 of any month at a rate (calculated on a daily basis, and 

14 applied against the difference between the amount so 

15 transferred on such first day and the amount which would 

16 have been transferred to the Trust Fund up to that day 

17 under the procedures in effect on January 1, 1983) equal 

18 to the rate earned by the investments of the Trust Fund 

19 in the same month under subsection (d).’’. 

20 (b) REQUIRED ACTUARIAL ANALYSIS.—Section 

21 201(c) of the Social Security Act is amended by striking 

22 the fourth sentence in the matter following paragraph (5) 

23 and inserting the following: ‘‘Such report shall also include 

24 actuarial analysis of the benefit cost with respect to dis25 abled beneficiaries and their auxiliaries, to retired beneVerDate Sep 11 2014 23:54 Feb 07, 2019 Jkt 089200 PO 00000 Frm 00024 Fmt 6652 Sfmt 6201 E:\BILLS\H860.IH H860

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1 ficiaries and their auxiliaries, and to survivor bene2 ficiaries.’’. 

3 (c) BOARD OF TRUSTEES.— 

4 (1) BOARD OF TRUSTEES OF SOCIAL SECURITY

5 TRUST FUND.—Section 201(c) of the Social Security 

6 Act, as amended by subsection (b) of this section, is 

7 further amended in the matter preceding paragraph 

8 (1) by striking ‘‘the Federal Old-Age and Survivors 

9 Insurance Trust Fund and the Federal Disability 

10 Insurance Trust Fund (hereinafter in this title 

11 called the ‘Trust Funds’)’’ and inserting ‘‘the Social 

12 Security Trust Fund (in this title referred to as the 

13 ‘Trust Fund’)’’. 

14 (2) CONTINUITY OF BOARD OF TRUSTEES.— 

15 The Board of Trustees of the Social Security Trust 

16 Fund created by the amendment made by subsection 

17 (a) shall be a continuous body with the Board of 

18 Trustees of the Federal Old-Age and Survivors In19 surance Trust Fund and the Federal Disability In20 surance Trust Fund in operation prior to the effec21 tive date of such amendment. Individuals serving as 

22 members of the Board of Trustees of the Federal 

23 Old-Age and Survivors Insurance Trust Fund and 

24 the Federal Disability Insurance Trust Fund as of 

25 the effective date of such amendment shall serve the 


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1 remainder of their term as members of the Board of 

2 Trustees of the Social Security Trust Fund. 

3 (d) CONFORMING AMENDMENTS RELATED TO SO4 CIAL SECURITY TRUST FUND.— 

5 (1) AMENDMENT TO SECTION HEADING.—The 

6 section heading for section 201 of the Social Secu7 rity Act is amended to read as follows: ‘‘SOCIAL SE8 CURITY TRUST FUND’’. 

9 (2) BOARD OF TRUSTEES.—Section 201(c) of 

10 such Act, as amended by subsections (b) and (c)(1), 

11 is further amended— 

12 (A) in the matter preceding paragraph (1), 

13 by striking ‘‘Board of Trustees of the Trust 

14 Funds’’ and inserting ‘‘Board of Trustees of 

15 the Trust Fund’’; 

16 (B) in paragraph (1), by striking ‘‘Trust 

17 Funds’’ and inserting ‘‘Trust Fund’’; 

18 (C) in paragraph (2)— 

19 (i) by striking ‘‘Trust Funds’’ and in20 serting ‘‘Trust Fund’’; and 

21 (ii) by striking ‘‘their’’ and inserting 

22 ‘‘its’’; 

23 (D) in paragraph (3), by striking ‘‘either 

24 of the Trust Funds’’ and inserting ‘‘the Trust 

25 Fund’’; 


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1 (E) in paragraph (5)— 

2 (i) by striking ‘‘managing the Trust 

3 Funds’’ and inserting ‘‘managing the 

4 Trust Fund’’; and 

5 (ii) by striking ‘‘Trust Funds are’’ 

6 and inserting ‘‘Trust Fund is’’; 

7 (F) in the matter following paragraph (5), 

8 by striking ‘‘Trust Funds’’ each place it ap9 pears and inserting ‘‘Trust Fund’’; and 

10 (G) in the second sentence in the matter 

11 following paragraph (5), by striking ‘‘whether 

12 the Federal Old-Age and Survivors Insurance 

13 Trust Fund and the Federal Disability Insur14 ance Trust Fund, individually and collectively, 

15 are’’ and inserting ‘‘whether the Social Security 

16 Trust Fund is’’. 

17 (3) INVESTMENTS.—Section 201 of such Act is 

18 amended in subsections (d) and (e) by striking 

19 ‘‘Trust Funds’’ each place it appears and inserting 

20 ‘‘Trust Fund’’. 

21 (4) CREDITING OF INTEREST AND PROCEEDS

22 TO TRUST FUNDS.—Section 201(f) of such Act is 

23 amended— 

24 (A) by striking ‘‘the Federal Old-Age and 

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1 eral Disability Insurance Trust Fund shall be 

2 credited to and form a part of the Federal Old3 Age and Survivors Insurance Trust Fund and 

4 the Disability Insurance Trust Fund, respec5 tively’’ and inserting ‘‘the Social Security Trust 

6 Fund shall be credited to and form a part of 

7 the Social Security Trust Fund’’; 

8 (B) by striking ‘‘either of the Trust 

9 Funds’’ and inserting ‘‘the Trust Fund’’; and 

10 (C) by striking ‘‘such Trust Fund’’ and in11 serting ‘‘the Trust Fund’’. 

12 (5) ADMINISTRATIVE COSTS.—Section 201(g) of 

13 such Act is amended— 

14 (A) in paragraph (1)— 

15 (i) in subparagraph (A), by striking 

16 ‘‘Of the amounts authorized to be made 

17 available out of the Federal Old-Age and 

18 Survivors Insurance Trust Fund and the 

19 Federal Disability Insurance Trust Fund 

20 under the preceding sentence’’ and all that 

21 follows through ‘‘(Public Law 103–296).’’; 

22 and 

23 (ii) in subparagraph (B)(i)— 

24 (I) by striking subclauses (II) 

25 and (III) and inserting the following: 


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1 ‘‘(II) the portion of such costs which 

2 should have been borne by the Social Security 

3 Trust Fund,’’; and 

4 (II) by redesignating subclauses 

5 (IV) and (V) as subclauses (III) and 

6 (IV); 

7 (B) in paragraph (2)— 

8 (i) by striking ‘‘Trust Funds’’ and in9 serting ‘‘Trust Fund’’; and 

10 (ii) by striking the last sentence; and 

11 (C) in paragraph (4), by striking ‘‘Trust 

12 Funds’’ each place it appears and inserting 

13 ‘‘Trust Fund’’. 

14 (6) BENEFIT PAYMENTS.—Section 201(h) of 

15 such Act is amended to read as follows: 

16 ‘‘(h) All benefit payments required to be made under 

17 this title shall be made only from the Social Security Trust 

18 Fund.’’. 

19 (7) GIFTS.—Section 201(i) of such Act is 

20 amended— 

21 (A) in paragraph (1), by striking ‘‘the 

22 Federal Old-Age and Survivors Insurance Trust 

23 Fund, the Federal Disability Insurance Trust 

24 Fund’’ and inserting ‘‘the Social Security Trust 

25 Fund’’; and 


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1 (B) in paragraph (2)(B), by striking ‘‘the 

2 Federal Old-Age and Survivors Insurance Trust 

3 Fund’’ and inserting ‘‘the Social Security Trust 

4 Fund’’. 

5 (8) TRAVEL EXPENSES.—Section 201(j) of such 

6 Act is amended by striking ‘‘the Federal Old-Age 

7 and Survivors Insurance Trust Fund, or the Federal 

8 Disability Insurance Trust Fund (as determined ap9 propriate by the Commissioner of Social Security)’’ 

10 and inserting ‘‘the Social Security Trust Fund’’. 

11 (9) DEMONSTRATION PROJECTS.—Section 

12 201(k) of such Act is amended by striking ‘‘the Fed13 eral Disability Insurance Trust Fund and the Fed14 eral Old-Age and Survivors Insurance Trust Fund, 

15 as determined appropriate by the Commissioner of 

16 Social Security’’ and inserting ‘‘the Social Security 

17 Trust Fund’’. 

18 (10) BENEFIT CHECKS.—Section 201(m) of 

19 such Act is amended— 

20 (A) in paragraph (2), by striking ‘‘each of 

21 the Trust Funds’’ and inserting ‘‘the Social Se22 curity Trust Fund’’; 

23 (B) in paragraph (3), by striking ‘‘one of 

24 the Trust Funds’’ and inserting ‘‘the Trust 

25 Fund’’; and 


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1 (C) by striking ‘‘such Trust Fund’’ each 

2 place it appears and inserting ‘‘the Trust 

3 Fund’’. 

4 (11) CONFORMING REPEALS.— 

5 (A) IN GENERAL.—Section 201 of such 

6 Act is amended by striking subsections (b), (l), 

7 and (n). 

8 (B) REDESIGNATIONS.—Section 201 of 

9 such Act is further amended— 

10 (i) by redesignating subsections (c) 

11 through (j) as subsections (b) through (i), 

12 respectively; 

13 (ii) by redesignating subsection (k) as 

14 subsection (j); and 

15 (iii) by redesignating subsection (m) 

16 as subsection (k). 

17 (C) REFERENCES TO REDESIGNATED SEC18 TIONS.— 

19 (i) Section 201(a) of such Act, as 

20 amended by subsection (a) of this section, 

21 is further amended— 

22 (I) by striking ‘‘subsection 

23 (i)(1)’’ and inserting ‘‘subsection 

24 (h)(1)’’; and 


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1 (II) by striking ‘‘subsection (d)’’ 

2 and inserting ‘‘subsection (c)’’. 

3 (ii) Section 1131(b)(1) of such Act is 

4 amended by striking ‘‘section 201(g)(1)’’ 

5 and inserting ‘‘section 201(f)(1)’’. 

6 (e) OTHER CONFORMING AMENDMENTS TO SOCIAL

7 SECURITY ACT.— 

8 (1) TITLE II.—Title II of the Social Security 

9 Act (42 U.S.C. 401 et seq.) is amended— 

10 (A) in section 202(x)(3)(B)(iii), by striking 

11 ‘‘the Federal Old-Age and Survivors Insurance 

12 Trust Fund and the Federal Disability Insur13 ance Trust Fund, as appropriate,’’ and insert14 ing ‘‘the Social Security Trust Fund’’; 

15 (B) in section 206(d)(5), by striking ‘‘the 

16 Federal Old-Age and Survivors Insurance Trust 

17 Fund and the Federal Disability Insurance 

18 Trust Fund, as appropriate’’ and inserting ‘‘the 

19 Social Security Trust Fund’’; 

20 (C) in section 206(e)(3)(B), by striking 

21 ‘‘the Federal Old-Age and Survivors Insurance 

22 Trust Fund and the Federal Disability Insur23 ance Trust Fund’’ and inserting ‘‘the Social Se24 curity Trust Fund’’; 


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1 (D) in section 208(b)(5)(A), by striking 

2 ‘‘the Federal Old-Age and Survivors Insurance 

3 Trust Fund and the Federal Disability Insur4 ance Trust Fund, as appropriate’’ and inserting 

5 ‘‘the Social Security Trust Fund’’; 

6 (E) in section 215(i)(1)(F)— 

7 (i) in clause (i)— 

8 (I) by striking ‘‘the combined 

9 balance in the Federal Old-Age and 

10 Survivors Insurance Trust Fund and 

11 the Federal Disability Insurance 

12 Trust Fund’’ and inserting ‘‘the bal13 ance in the Social Security Trust 

14 Fund’’; and 

15 (II) by striking ‘‘and reduced by 

16 the outstanding amount of any loan 

17 (including interest thereon) thereto18 fore made to either such Fund from 

19 the Federal Hospital Insurance Trust 

20 Fund under section 201(l)’’; and 

21 (ii) in clause (ii)— 

22 (I) by striking ‘‘the Federal Old23 Age and Survivors Insurance Trust 

24 Fund and the Federal Disability In25 surance Trust Fund’’ and inserting 


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1 ‘‘the Social Security Trust Fund’’; 

2 and 

3 (II) by striking ‘‘(other than pay4 ments’’ and all that follows through 

5 ‘‘from that Account’’; 

6 (F) in section 217(g)(2), by inserting after 

7 the first sentence the following: ‘‘For purposes 

8 of any such revision of the amount determined 

9 under paragraph (1) that occurs in a year after 

10 2015, any reference in such paragraph to the 

11 Federal Old-Age and Survivors Insurance Trust 

12 Fund or the Federal Disability Insurance Trust 

13 Fund shall be deemed to be a reference to the 

14 Social Security Trust Fund.’’; 

15 (G) in section 221(e)— 

16 (i) by striking ‘‘Trust Funds’’ each 

17 place it appears and inserting ‘‘Trust 

18 Fund’’; and 

19 (ii) by striking the last sentence; 

20 (H) in section 221(f), by striking ‘‘Trust 

21 Funds’’ and inserting ‘‘Trust Fund’’; 

22 (I) in section 222(d)— 

23 (i) in the section heading, by striking 

24 ‘‘TRUST FUNDS’’ and inserting ‘‘TRUST

25 FUND’’; 


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1 (ii) in paragraph (1), by striking ‘‘to 

2 the end that savings will accrue to the 

3 Trust Funds as a result of rehabilitating 

4 such individuals, there are authorized to be 

5 transferred from the Federal Old-Age and 

6 Survivors Insurance Trust Fund and the 

7 Federal Disability Insurance Trust Fund’’ 

8 and inserting ‘‘to the end that savings will 

9 accrue to the Trust Fund as a result of re10 habilitating such individuals, there are au11 thorized to be transferred from the Social 

12 Security Trust Fund’’; and 

13 (iii) by amending paragraph (4) to 

14 read as follows: 

15 ‘‘(4) The Commissioner of Social Security shall deter16 mine according to such methods and procedures as the 

17 Commissioner may deem appropriate the total amount to 

18 be reimbursed for the cost of services under this sub19 section.’’; 

20 (J) in section 228(g)— 

21 (i) in the section heading, by striking 

22 ‘‘FEDERAL OLD-AGE AND SURVIVORS IN23 SURANCE TRUST FUND’’ and inserting 

24 ‘‘SOCIAL SECURITY TRUST FUND’’; and 


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1 (ii) in the matter preceding paragraph 

2 (1), by striking ‘‘Federal Old-Age and Sur3 vivors Insurance Trust Fund’’ and insert4 ing ‘‘Social Security Trust Fund’’; 

5 (K) in section 231(c), by striking ‘‘Trust 

6 Funds’’ each place it appears and inserting 

7 ‘‘Trust Fund’’; and 

8 (L) in section 234(a)(1), by striking 

9 ‘‘Trust Funds’’ and inserting ‘‘Trust Fund’’. 

10 (2) TITLE VII.—Title VII of the Social Security 

11 Act (42 U.S.C. 901 et seq.) is amended— 

12 (A) in section 703(j), by striking ‘‘Federal 

13 Disability Insurance Trust Fund, the Federal 

14 Old-Age and Survivors Insurance Trust Fund,’’ 

15 and inserting ‘‘Social Security Trust Fund’’; 

16 (B) in section 708(c), by striking ‘‘the 

17 ‘OASDI trust fund ratio’ under section 201(l),’’ 

18 after ‘‘computing’’; 

19 (C) in section 709— 

20 (i) in subsection (a), by striking ‘‘Fed21 eral Old-Age and Survivors Insurance 

22 Trust Fund and the Federal Disability In23 surance Trust Fund’’ and inserting ‘‘Social 

24 Security Trust Fund’’; and 

25 (ii) in subsection (b)— 


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1 (I) in paragraph (1), by striking 

2 ‘‘section 201(l) or’’; and 

3 (II) in paragraph (2), by striking 

4 ‘‘Federal Old-Age and Survivors In5 surance Trust Fund and the Federal 

6 Disability Insurance Trust Fund’’ and 

7 inserting ‘‘Social Security Trust 

8 Fund’’; and 

9 (D) in section 710— 

10 (i) in subsection (a), by striking ‘‘Fed11 eral Old-Age and Survivors Insurance 

12 Trust Fund and the Federal Disability In13 surance Trust Fund’’ and inserting ‘‘Social 

14 Security Trust Fund’’; and 

15 (ii) in subsection (b)— 

16 (I) by striking ‘‘any Trust Fund 

17 specified in subsection (a)’’ and in18 serting ‘‘the Social Security Trust 

19 Fund’’; and 

20 (II) by striking ‘‘payments from 

21 any such Trust Fund’’ and inserting 

22 ‘‘payments from the Social Security 

23 Trust Fund’’. 

24 (3) TITLE XI.—Title XI of the Social Security 

25 Act (42 U.S.C. 1301 et seq.) is amended— 


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1 (A) in section 1106(b), by striking ‘‘the 

2 Federal Old-Age and Survivors Insurance Trust 

3 Fund, the Federal Disability Insurance Trust 

4 Fund’’ and inserting ‘‘the Social Security Trust 

5 Fund’’; 

6 (B) in section 1129(e)(2)(A), by striking 

7 ‘‘the Federal Old-Age and Survivors Insurance 

8 Trust Fund or the Federal Disability Insurance 

9 Trust Fund, as determined appropriate by the 

10 Secretary’’ and inserting ‘‘the Social Security 

11 Trust Fund’’; 

12 (C) in sections 1131(b)(2) and 1140(c)(2), 

13 by striking ‘‘the Federal Old-Age and Survivors 

14 Insurance Trust Fund’’ and inserting ‘‘the So15 cial Security Trust Fund’’; 

16 (D) in section 1145(c)— 

17 (i) by striking paragraphs (1) and (2) 

18 and inserting the following: 

19 ‘‘(1) the Social Security Trust Fund;’’; and 

20 (ii) by redesignating paragraphs (3) 

21 and (4) as paragraphs (2) and (3), respec22 tively; and 

23 (E) in section 1148(j)(1)(A)— 

24 (i) in the first sentence, by striking 

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1 ance Trust Fund and the Federal Dis2 ability Insurance Trust Fund’’ and insert3 ing ‘‘the Social Security Trust Fund’’; and 

4 (ii) by striking the second sentence. 

5 (4) TITLE XVIII.—Title XVIII of the Social Se6 curity Act (42 U.S.C. 1395) is amended— 

7 (A) in section 1817(g), by striking ‘‘Fed8 eral Old-Age and Survivors Insurance Trust 

9 Fund and from the Federal Disability Insur10 ance Trust Fund’’ and inserting ‘‘Social Secu11 rity Trust Fund’’; 

12 (B) in section 1840(a)(2), by striking 

13 ‘‘Federal Old-Age and Survivors Insurance 

14 Trust Fund or the Federal Disability Insurance 

15 Trust Fund’’ and inserting ‘‘Social Security 

16 Trust Fund’’; and 

17 (C) in section 1841(f), by striking ‘‘Fed18 eral Old-Age and Survivors Insurance Trust 

19 Fund and from the Federal Disability Insur20 ance Trust Fund’’ and inserting ‘‘Social Secu21 rity Trust Fund’’. 

22 (f) CONFORMING AMENDMENTS OUTSIDE OF SOCIAL

23 SECURITY ACT.— 

24 (1) BUDGET.— 


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1 (A) OFF-BUDGET EXEMPTION.—Section 

2 405(a) of the Congressional Budget Act of 

3 1974 (2 U.S.C. 655(a)) is amended by striking 

4 ‘‘Federal Old-Age and Survivors Insurance and 

5 Federal Disability Insurance Trust Funds’’ and 

6 inserting ‘‘Social Security Trust Fund’’. 

7 (B) SEQUESTRATION EXEMPTION.—Sec8 tion 255(g)(1)(A) of the Balanced Budget and 

9 Emergency Deficit Control Act of 1985 (2 

10 U.S.C. 905(g)(1)(A)) is amended by striking 

11 ‘‘Payments to Social Security Trust Funds’’ 

12 and inserting ‘‘Payments to the Social Security 

13 Trust Fund’’. 

14 (2) TAX.— 

15 (A) TAXABLE WAGES.—Section 3121(l)(4) 

16 of the Internal Revenue Code of 1986 is 

17 amended by striking ‘‘Federal Old-Age and 

18 Survivors Insurance Trust Fund and the Fed19 eral Disability Insurance Trust Fund’’ and in20 serting ‘‘Social Security Trust Fund’’. 

21 (B) OVERPAYMENTS.— 

22 (i) Section 6402(d)(3)(C) of the Inter23 nal Revenue Code of 1986 is amended by 

24 striking ‘‘Federal Old-Age and Survivors 

25 Insurance Trust Fund or the Federal DisVerDate Sep 11 2014 23:54 Feb 07, 2019 Jkt 089200 PO 00000 Frm 00040 Fmt 6652 Sfmt 6201 E:\BILLS\H860.IH H860

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1 ability Insurance Trust Fund, whichever is 

2 certified to the Secretary as appropriate by 

3 the Commissioner of Social Security’’ and 

4 inserting ‘‘Social Security Trust Fund’’. 

5 (ii) Subsection (f)(2)(B) of section 

6 3720A of title 31, United States Code, is 

7 amended by striking ‘‘Federal Old-Age and 

8 Survivors Insurance Trust Fund or the 

9 Federal Disability Insurance Trust Fund, 

10 whichever is certified to the Secretary of 

11 the Treasury as appropriate by the Com12 missioner of Social Security’’ and inserting 

13 ‘‘Social Security Trust Fund’’. 

14 (3) FALSE CLAIMS PENALTIES.—Subsection 

15 (g)(2) of section 3806 of title 31, United States 

16 Code, is amended— 

17 (A) in subparagraph (B)— 

18 (i) by striking ‘‘Secretary of Health 

19 and Human Services’’ and inserting ‘‘Com20 missioner of Social Security’’; and 

21 (ii) by striking ‘‘Federal Old-Age and 

22 Survivors Insurance Trust Fund’’ and in23 serting ‘‘Social Security Trust Fund’’; and 

24 (B) in subparagraph (C)— 


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1 (i) by striking ‘‘Secretary of Health 

2 and Human Services’’ and inserting ‘‘Com3 missioner of Social Security’’; and 

4 (ii) by striking ‘‘Federal Disability In5 surance Trust Fund’’ and inserting ‘‘Social 

6 Security Trust Fund’’. 

7 (4) RAILROAD RETIREMENT BOARD.—Section 7 

8 of the Railroad Retirement Act of 1974 (45 U.S.C. 

9 231f) is amended— 

10 (A) in subsection (b)(2), by striking ‘‘Fed11 eral Old-Age and Survivors Insurance Trust 

12 Fund and the Federal Disability Insurance 

13 Trust Fund’’ and inserting ‘‘Social Security 

14 Trust Fund’’; 

15 (B) in subsection (c)(2)— 

16 (i) by striking ‘‘Secretary of Health, 

17 Education, and Welfare’’ each time it ap18 pears and inserting ‘‘Commissioner of So19 cial Security’’; and 

20 (ii) by striking ‘‘Federal Old-Age and 

21 Survivors Insurance Trust Fund, the Fed22 eral Disability Insurance Trust Fund,’’ 

23 each time it appears and inserting ‘‘Social 

24 Security Trust Fund’’; and 


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1 (C) in subsection (c)(4), by striking ‘‘Fed2 eral Old-Age and Survivors Insurance Trust 

3 Fund, the Federal Disability Insurance Trust 

4 Fund,’’ and inserting ‘‘Social Security Trust 

5 Fund’’. 

6 (g) RULE OF CONSTRUCTION.—Effective beginning 

7 on January 1 of the first calendar year beginning after 

8 the date of the enactment of this section, any reference 

9 in law to the ‘‘Federal Old-Age and Survivors Insurance 

10 Trust Fund’’ or the ‘‘Federal Disability Insurance Trust 

11 Fund’’ is deemed to be a reference to the Social Security 

12 Trust Fund. 

13 (h) EFFECTIVE DATE.—The amendments made by 

14 this section shall take effect on January 1 of the first cal15 endar year beginning after the date of the enactment of 

16 this section. 

Æ 


kjohnson on DSK79L0C42 with BILLS