I 

118TH CONGRESS 

1ST SESSION H. R. 1783 

To amend title II of the Social Security Act to increase the monthly exempt 

amount for individuals not attaining full retirement age, and for other 

purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 24, 2023 

Mr. GROTHMAN (for himself and Mr. GOSAR) introduced the following bill; 

which was referred to the Committee on Ways and Means 

A BILL 

To amend title II of the Social Security Act to increase 

the monthly exempt amount for individuals not attaining 

full retirement age, and for other purposes. 

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 ‘‘Senior Independence 

5 Act of 2023’’. 

6 SEC. 2. PURPOSE AND FINDINGS. 

7 (a) PURPOSE.—The purpose of this Act is to increase 

8 the base exemption used by the Social Security Adminis9 tration in determining the annual earnings limit for early 


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1 retirees before monthly benefits are reduced. This legisla2 tion would increase the annual earnings limitation to 

3 $30,000 (or $2,500 per month for less than full year cal4 culations) for the year 2024 and adjusted for wage infla5 tion in the following years as required by current law. 

6 (b) FINDINGS.—Congress finds the following: 

7 (1) Allowing early retirees to earn more while 

8 retaining their Social Security benefits will have no 

9 impact on the solvency of the program because, 

10 under current law, any reductions in benefits for ex11 cess earnings are returned to the beneficiary after 

12 attaining full retirement age through increased 

13 monthly benefits. 

14 (2) Increasing the earning limit for Social Secu15 rity beneficiaries will result in the potential for in16 creased collection of FICA taxes used to fund the 

17 program. 

18 SEC. 3. INCREASE IN MONTHLY EXEMPT AMOUNT FOR IN19 DIVIDUALS NOT ATTAINING RETIREMENT 

20 AGE. 

21 (a) IN GENERAL.—Section 203(f)(8) of the Social 

22 Security Act (42 U.S.C. 403(f)(8)) is amended by adding 

23 at the end the following: 

24 ‘‘(F) Notwithstanding any other provision of 

25 this subsection, the exempt amount which is applicaVerDate Sep 11 2014 05:15 Apr 07, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1783.IH H1783

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1 ble to an individual other than an individual de2 scribed in subparagraph (D) shall be, for months in 

3 any taxable year ending after 2023 and before 2025, 

4 $2,500.’’. 

5 (b) CONFORMING AMENDMENTS.—Section 203(f)(8) 

6 of the Social Security Act (42 U.S.C. 403(f)(8)) is further 

7 amended— 

8 (1) in subparagraph (B)(ii)— 

9 (A) in the matter preceding subclause (I), 

10 by striking ‘‘the taxable year ending after 1993 

11 and before 1995’’ and inserting ‘‘the taxable 

12 year ending after 2023 and before 2025’’; and 

13 (B) in subclause (II), by striking ‘‘1992’’ 

14 and inserting ‘‘2022’’. 

15 (c) EFFECTIVE DATE.—The amendments made by 

16 this Act shall apply with respect to months in taxable 

17 years ending in any calendar year after 2023. 

Æ 


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