Protect Our Seniors Act

To protect the seniors of the United States, and for other purposes. 1. Short title This Act may be cited as the Protect Our Seniors Act 2. Rescission of certain funds for enhanced Internal Revenue Service resources (a) Rescission Effective on the date of enactment of this Act, the unobligated balances of the amounts made available under the following provisions of Public Law 117–169 (1) Internal Revenue Service enforcement funds Section 10301(1)(A)(ii). (2) Internal Revenue Service operations support Section 10301(1)(A)(iii). (b) Transfer of funds to Social Security and Medicare trust funds (1) Federal Old Age and Survivors Insurance Trust Fund There is hereby appropriated to the Federal Old-Age and Survivors Insurance Trust Fund established under section 201(a) of the Social Security Act ( 42 U.S.C. 401(a) (2) Federal Hospital Insurance Trust Fund There is hereby appropriated to the Federal Hospital Insurance Trust Fund established section 1817 of the Social Security Act ( 42 U.S.C. 1395i 3. Point of order for reductions in Medicare and Social Security benefits Section 301 of the Congressional Budget Act of 1974 ( 2 U.S.C. 632 (j) Medicare and Social Security point of order (1) In general It shall not be in order in the Senate to consider any bill or resolution (or amendment, motion, or conference report on that bill or resolution) that would reduce benefits under the Medicare program under title XVIII of the Social Security Act ( 42 U.S.C. 1395 et seq. 42 U.S.C. 401 et seq. (2) Waiver Paragraph (1) may be waived or suspended in the Senate only by the affirmative vote of two-thirds of the Members, duly chosen and sworn. . 4. Medicare point of order Section 301 of the Congressional Budget Act of 1974 ( 2 U.S.C. 632 (k) Medicare point of order (1) In general It shall not be in order in the Senate to consider any bill or resolution (or amendment, motion, or conference report on that bill or resolution) for which the total budgetary effects of the measure, as determined by the Congressional Budget Office, use a decrease in outlays, or an increase in revenue, under the health insurance programs under title XVIII of the Social Security Act ( 42 U.S.C. 1395 et seq. (2) Waiver Paragraph (1) may be waived or suspended in the Senate only by the affirmative vote of two-thirds of the Members, duly chosen and sworn. An affirmative vote of two-thirds of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under paragraph (1). . February 15, 2023 Read the second time and placed on the calendar

Summary: Protect Our Seniors Act This bill rescinds certain federal funds made available to the Internal Revenue Service for enforcement and operations support. The rescinded funds must be transferred, in equal proportion, to the Federal Old Age and Survivors Insurance Trust Fund (which supports certain Social Security programs) and the Federal Hospital Insurance Trust Fund (which supports certain Medicare programs). The bill also permits Senators to raise a budget point of order to object to the consideration of any measure that (1) reduces Medicare or Social Security benefits, or (2) offsets the cost of provisions unrelated to carrying out Medicare using a decrease in outlays for or an increase in revenues from that program. A point of order raised on these grounds may be waived or suspended only by an affirmative vote of two-thirds of the Senators.