I 
114TH CONGRESS 
1ST SESSION H. R. 4012 
To provide for a supplementary payment to Social Security beneficiaries, 
supplemental security income beneficiaries, and recipients of veterans 
benefits, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 16, 2015 
Mr. GRAYSON introduced the following bill; which was referred to the Com-
mittee on Ways and Means, and in addition to the Committees on Trans-
portation and Infrastructure and Veterans’ Affairs, 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 con-
cerned 
A BILL 
To provide for a supplementary payment to Social Security 
beneficiaries, supplemental security income beneficiaries, 
and recipients of veterans benefits, and for other pur-
poses. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Seniors And Veterans 
Emergency Benefits Act’’ or the ‘‘SAVE Benefits Act’’. 
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SEC. 2. ONE-TIME SUPPLEMENTARY PAYMENT TO SOCIAL 
SECURITY BENEFICIARIES AND VETERANS. 
(a) AUTHORITY TO MAKE PAYMENTS.— 
(1) ELIGIBILITY.— 
(A) IN GENERAL.—Subject to paragraph 
(4)(C), the Secretary of the Treasury shall dis-
burse a payment equal to the amount described 
in subsection (e) to each individual who, for any 
month during the 3-month period ending with 
the month which ends prior to the month that 
includes the date of the enactment of this Act, 
is entitled to a benefit payment described in 
clause (i), (ii), or (iii) of subparagraph (B), or 
is eligible for an SSI cash benefit described in 
subparagraph (C). 
(B) BENEFIT PAYMENT DESCRIBED.—For 
purposes of subparagraph (A): 
(i) TITLE II BENEFIT.—A benefit pay-
ment described in this clause is a monthly 
insurance benefit payable (without regard 
to sections 202(j)(1) and 223(b) of the So-
cial Security Act (42 U.S.C. 402(j)(1), 
423(b))) under— 
(I) section 202(a) of such Act 
(42 U.S.C. 402(a)); 
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(II) section 202(b) of such Act 
(42 U.S.C. 402(b)); 
(III) section 202(c) of such Act 
(42 U.S.C. 402(c)); 
(IV) section 202(d)(1)(B)(ii) of 
such 
Act 
(42 
U.S.C. 
402(d)(1)(B)(ii)); 
(V) section 202(e) of such Act 
(42 U.S.C. 402(e)); 
(VI) section 202(f) of such Act 
(42 U.S.C. 402(f)); 
(VII) section 202(g) of such Act 
(42 U.S.C. 402(g)); 
(VIII) section 202(h) of such Act 
(42 U.S.C. 402(h)); 
(IX) section 223(a) of such Act 
(42 U.S.C. 423(a)); 
(X) section 227 of such Act (42 
U.S.C. 427); or 
(XI) section 228 of such Act (42 
U.S.C. 428). 
(ii) RAILROAD
RETIREMENT
BEN-
EFIT.—A benefit payment described in this 
clause is a monthly annuity or pension 
payment payable (without regard to section 
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5(a)(ii) of the Railroad Retirement Act of 
1974 (45 U.S.C. 231d(a)(ii))) under— 
(I) section 2(a)(1) of such Act 
(45 U.S.C. 231a(a)(1)); 
(II) section 2(c) of such Act (45 
U.S.C. 231a(c)); 
(III) section 2(d)(1)(i) of such 
Act (45 U.S.C. 231a(d)(1)(i)); 
(IV) section 2(d)(1)(ii) of such 
Act (45 U.S.C. 231a(d)(1)(ii)); 
(V) section 2(d)(1)(iii)(C) of such 
Act to an adult disabled child (45 
U.S.C. 231a(d)(1)(iii)(C)); 
(VI) section 2(d)(1)(iv) of such 
Act (45 U.S.C. 231a(d)(1)(iv)); 
(VII) section 2(d)(1)(v) of such 
Act (45 U.S.C. 231a(d)(1)(v)); or 
(VIII) section 7(b)(2) of such Act 
(45 U.S.C. 231f(b)(2)) with respect to 
any of the benefit payments described 
in clause (i) of this subparagraph. 
(iii) VETERANS BENEFIT.—A benefit 
payment described in this clause is a com-
pensation or pension payment payable 
under— 
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(I) section 1110, 1117, 1121, 
1131, 1141, or 1151 of title 38, 
United States Code; 
(II) section 1310, 1312, 1313, 
1315, 1316, or 1318 of title 38, 
United States Code; 
(III) section 1513, 1521, 1533, 
1536, 1537, 1541, 1542, or 1562 of 
title 38, United States Code; or 
(IV) section 1805, 1815, or 1821 
of title 38, United States Code, 
to a veteran, surviving spouse, child, or 
parent as described in paragraph (2), (3), 
(4)(A)(ii), or (5) of section 101, title 38, 
United States Code, who received that ben-
efit during any month within the 3-month 
period ending with the month which ends 
prior to the month that includes the date 
of the enactment of this Act. 
(C) SSI CASH BENEFIT DESCRIBED.—An 
SSI cash benefit described in this subparagraph 
is a cash benefit payable under section 1611 
(other than under subsection (e)(1)(B) of such 
section) or 1619(a) of the Social Security Act 
(42 U.S.C. 1382, 1382h). 
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(2) NO
DOUBLE
PAYMENTS.—An individual 
shall be paid only 1 payment under this section, re-
gardless of whether the individual is entitled to, or 
eligible for, more than 1 benefit payment described 
in paragraph (1). 
(3) LIMITATION.—A payment under this section 
shall not be made— 
(A) in the case of an individual entitled to 
a benefit specified in paragraph (1)(B)(i) or 
paragraph (1)(B)(ii)(VIII) if, for the most re-
cent month of such individual’s entitlement in 
the 3-month period described in paragraph (1), 
such individual’s benefit under such paragraph 
was not payable by reason of subsection (x) or 
(y) of section 202 the Social Security Act (42 
U.S.C. 402) or section 1129A of such Act (42 
U.S.C. 1320a–8a); 
(B) in the case of an individual entitled to 
a benefit specified in paragraph (1)(B)(iii) if, 
for the most recent month of such individual’s 
entitlement in the 3-month period described in 
paragraph (1), such individual’s benefit under 
such paragraph was not payable, or was re-
duced, by reason of section 1505, 5313, or 
5313B of title 38, United States Code; 
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(C) in the case of an individual entitled to 
a benefit specified in paragraph (1)(C) if, for 
such most recent month, such individual’s ben-
efit under such paragraph was not payable by 
reason of subsection (e)(1)(A) or (e)(4) of sec-
tion 1611 (42 U.S.C. 1382) or section 1129A 
of such Act (42 U.S.C. 1320a–8); 
(D) in the case of an individual who has 
been penalized under section 1129(a) of the So-
cial Security Act (42 U.S.C. 1320–8(a)); or 
(E) in the case of any individual whose 
date of death occurs before the date on which 
the individual is certified under subsection (b) 
to receive a payment under this section. 
(4) TIMING AND MANNER OF PAYMENTS.— 
(A) IN GENERAL.—The Secretary of the 
Treasury shall commence disbursing payments 
under this section at the earliest practicable 
date but in no event later than 120 days after 
the date of enactment of this Act. The Sec-
retary of the Treasury may disburse any pay-
ment electronically to an individual in such 
manner as if such payment was a benefit pay-
ment to such individual under the applicable 
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program described in subparagraph (B) or (C) 
of paragraph (1). 
(B) NOTICE.— 
(i) IN
GENERAL.—The Secretary of 
the Treasury shall provide written notice, 
sent by mail to each individual receiving a 
payment under this section, explaining that 
the payment represents a one-time benefit 
increase to the benefit payment described 
in paragraph (1) to which the individual is 
entitled. 
(ii) PUBLIC NOTICE.—The Secretary 
of the Treasury, in consultation with the 
Commissioner of Social Security and the 
Secretary of Veterans Affairs, shall publish 
on a public website information about the 
payments authorized under this subsection, 
including— 
(I) information on eligibility for 
such payments; 
(II) information on the time-
frame in which such payments will be 
distributed; and 
(III) other relevant information. 
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(C) DEADLINE.—No payments shall be 
disbursed under this section after December 31, 
2016, regardless of any determinations of enti-
tlement to, or eligibility for, such payments 
made after such date. 
(b) IDENTIFICATION OF RECIPIENTS.—The Commis-
sioner of Social Security, the Railroad Retirement Board, 
and the Secretary of Veterans Affairs shall certify the in-
dividuals entitled to receive payments under this section 
and provide the Secretary of the Treasury with the infor-
mation needed to disburse such payments. A certification 
of an individual shall be unaffected by any subsequent de-
termination or redetermination of the individual’s entitle-
ment to, or eligibility for, a benefit specified in subpara-
graph (B) or (C) of subsection (a)(1). 
(c) TREATMENT OF PAYMENTS.— 
(1) PAYMENT TO BE DISREGARDED FOR PUR-
POSES OF ALL FEDERAL AND FEDERALLY ASSISTED 
PROGRAMS.—A payment under subsection (a) shall 
not be regarded as income and shall not be regarded 
as a resource for the month of receipt and the fol-
lowing 9 months, for purposes of determining the 
eligibility of the recipient (or the recipient’s spouse 
or family) for benefits or assistance, or the amount 
or extent of benefits or assistance, under any Fed-
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eral program or under any State or local program fi-
nanced in whole or in part with Federal funds. 
(2) PAYMENT NOT CONSIDERED INCOME FOR 
PURPOSES OF TAXATION.—A payment under sub-
section (a) shall not be considered as gross income 
for purposes of the Internal Revenue Code of 1986. 
(3) PAYMENTS
PROTECTED
FROM
ASSIGN-
MENT.—The provisions of section 207 of the Social 
Security Act (42 U.S.C. 407) and section 14(a) of 
the Railroad Retirement Act of 1974 (45 U.S.C. 
231m(a)) shall apply to any payment made under 
subsection (a) as if such payment was a benefit pay-
ment to such individual under the applicable pro-
gram described in subsection (a)(1)(B). 
(4) TREATMENT
UNDER
SOCIAL
SECURITY 
ACT.— 
(A) NO EFFECT ON FAMILY MAXIMUM.— 
For purposes of section 203(a) of the Social Se-
curity Act (42 U.S.C. 403(a)), a payment under 
subsection (a) shall be disregarded in deter-
mining reductions in benefits under such sec-
tion. 
(B) PAYMENT NOT A GENERAL BENEFIT 
INCREASE.—For purposes of section 215(i) of 
the Social Security Act (42 U.S.C. 415(i)), a 
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payment under subsection (a) shall not be re-
garded as a general benefit increase. 
(5) PAYMENTS SUBJECT TO RECLAMATION.— 
Any payment made under this section shall, in the 
case of a payment by direct deposit which is made 
after the date of the enactment of this Act, be sub-
ject to the reclamation provisions under subpart B 
of part 210 of title 31, Code of Federal Regulations 
(relating to reclamation of benefit payments). 
(d) PAYMENT TO REPRESENTATIVE PAYEES AND FI-
DUCIARIES.— 
(1) IN GENERAL.—In any case in which an in-
dividual who is entitled to a payment under sub-
section (a) and whose benefit payment or cash ben-
efit described in paragraph (1) of that subsection is 
paid to a representative payee or fiduciary, the pay-
ment under subsection (a) shall be made to the indi-
vidual’s representative payee or fiduciary and the en-
tire payment shall be used only for the benefit of the 
individual who is entitled to the payment. 
(2) APPLICABILITY.— 
(A) PAYMENT ON THE BASIS OF A TITLE 
II
BENEFIT
OR
SSI
BENEFIT.—Section 
1129(a)(3) of the Social Security Act (42 
U.S.C. 1320a–8(a)(3)) shall apply to any pay-
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ment made on the basis of an entitlement to a 
benefit specified in paragraph (1)(B)(i) or 
(1)(C) of subsection (a) in the same manner as 
such section applies to a payment under title II 
or XVI of such Act. 
(B) PAYMENT ON THE BASIS OF A RAIL-
ROAD
RETIREMENT
BENEFIT.—Section 13 of 
the Railroad Retirement Act (45 U.S.C. 231l) 
shall apply to any payment made on the basis 
of an entitlement to a benefit specified in para-
graph (1)(B)(ii) of subsection (a) in the same 
manner as such section applies to a payment 
under such Act. 
(C) PAYMENT ON THE BASIS OF A VET-
ERANS
BENEFIT.—Sections 5502, 6106, and 
6108 of title 38, United States Code, shall 
apply to any payment made on the basis of an 
entitlement to a benefit specified in paragraph 
(1)(B)(iii) of subsection (a) in the same manner 
as those sections apply to a payment under that 
title. 
(e) PAYMENT AMOUNT.—The amount described in 
this subsection is the amount that is equal to 3.9 percent 
of the average amount of annual benefits received by an 
individual entitled to benefits under title II of the Social 
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Security Act (42 U.S.C. 401 et seq.) in calendar year 
2015, as determined by the Commissioner of Social Secu-
rity, rounded to the next lowest multiple of $1. 
(f) APPROPRIATION.—Out of any sums in the Treas-
ury of the United States not otherwise appropriated, the 
following sums are appropriated for the period of fiscal 
years 2016 through 2017, to remain available until ex-
pended, to carry out this section: 
(1) For the Secretary of the Treasury, such 
sums as may be necessary for administrative costs 
incurred in carrying out this section. 
(2) For the Commissioner of Social Security— 
(A) such sums as may be necessary for 
payments to individuals certified by the Com-
missioner of Social Security as entitled to re-
ceive a payment under this section; and 
(B) such sums as may be necessary to the 
Social Security Administration’s Limitation on 
Administrative Expenses for costs incurred in 
carrying out this section. 
(3) For the Railroad Retirement Board— 
(A) such sums as may be necessary for 
payments to individuals certified by the Rail-
road Retirement Board as entitled to receive a 
payment under this section; and 
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(B) such sums as may be necessary to the 
Railroad Retirement Board’s Limitation on Ad-
ministration for administrative costs incurred in 
carrying out this section. 
(4)(A) For the Secretary of Veterans Affairs— 
(i) such sums as may be necessary for the 
Compensation and Pensions account, for pay-
ments to individuals certified by the Secretary 
of Veterans Affairs as entitled to receive a pay-
ment under this section; and 
(ii) such sums as may be necessary for the 
Information Systems Technology account and 
the General Operating Expenses account for ad-
ministrative costs incurred in carrying out this 
section. 
(B) The Department of Veterans Affairs Com-
pensation and Pensions account shall hereinafter be 
available for payments authorized under subsection 
(a)(1)(A) to individuals entitled to a benefit payment 
described in subsection (a)(1)(B)(iii). 
SEC. 3. SPECIAL CREDIT FOR CERTAIN GOVERNMENT RE-
TIREES. 
(a) IN GENERAL.—In the case of an eligible indi-
vidual, there shall be allowed as a credit against the tax 
imposed by subtitle A of the Internal Revenue Code of 
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1986 for the first taxable year beginning in 2015 an 
amount equal to $581 ($1,162 in the case of a joint return 
where both spouses are eligible individuals). 
(b) ELIGIBLE INDIVIDUAL.— 
(1) IN GENERAL.—For purposes of this section, 
the term ‘‘eligible individual’’ means any indi-
vidual— 
(A) who receives during the first taxable 
year beginning in 2015 any amount as a pen-
sion or annuity for service performed in the em-
ploy of the United States or any State, or any 
instrumentality thereof, which is not considered 
employment for purposes of sections 3101(a) 
and 3111(a) of the Internal Revenue Code of 
1986, and 
(B) who does not receive a payment under 
section 2 during such taxable year. 
(2) IDENTIFICATION NUMBER REQUIREMENT.— 
(A) IN GENERAL.—The term ‘‘eligible indi-
vidual’’ shall not include any individual who 
does not include on the return of tax for the 
taxable year— 
(i) such individual’s social security ac-
count number, and 
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(ii) in the case of a joint return, the 
social security account number of one of 
the taxpayers on such return. 
(B) EXCLUSION OF TIN.—For purposes of 
subparagraph (A), the social security account 
number shall not include a TIN (as defined in 
section 7701(a)(41) of the Internal Revenue 
Code of 1986) issued by the Internal Revenue 
Service. Any omission of a correct social secu-
rity account number required under this para-
graph shall be treated as a mathematical or 
clerical error for purposes of applying section 
6213(g)(2) of such Code to such omission. 
(c) TREATMENT OF CREDIT.— 
(1) REFUNDABLE CREDIT.— 
(A) IN GENERAL.—The credit allowed by 
subsection (a) shall be treated as allowed by 
subpart C of part IV of subchapter A of chap-
ter 1 of the Internal Revenue Code of 1986. 
(B) APPROPRIATIONS.—For purposes of 
section 1324(b)(2) of title 31, United States 
Code, the credit allowed by subsection (a) shall 
be treated in the same manner as a refund 
from the credit allowed under section 36A of 
the Internal Revenue Code of 1986. 
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(2) DEFICIENCY RULES.—For purposes of ap-
plying section 6211(b)(4)(A) of the Internal Revenue 
Code of 1986, the credit allowable by subsection (a) 
shall be treated in the same manner as the credits 
listed in subparagraph (A) of section 6211(b)(4). 
(d) REFUNDS DISREGARDED IN THE ADMINISTRA-
TION
OF FEDERAL PROGRAMS
AND FEDERALLY AS-
SISTED PROGRAMS.—Any credit or refund allowed or 
made to any individual by reason of this section shall not 
be taken into account as income and shall not be taken 
into account as resources for the month of receipt and the 
following 2 months, for purposes of determining the eligi-
bility of such individual or any other individual for benefits 
or assistance, or the amount or extent of benefits or assist-
ance, under any Federal program or under any State or 
local program financed in whole or in part with Federal 
funds. 
SEC. 4. MODIFICATION OF LIMITATION ON EXCESSIVE RE-
MUNERATION. 
(a) REPEAL OF PERFORMANCE-BASED COMPENSA-
TION AND COMMISSION EXCEPTIONS FOR LIMITATION ON 
EXCESSIVE REMUNERATION.— 
(1) IN
GENERAL.—Paragraph (4) of section 
162(m) of the Internal Revenue Code of 1986 is 
amended by striking subparagraphs (B) and (C) and 
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by redesignating subparagraphs (D) through (G) as 
subparagraphs (B) through (E), respectively. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 162(m)(5) of such Code is 
amended— 
(i) by striking ‘‘subparagraphs (B), 
(C), and (D) thereof’’ in subparagraph (E) 
and inserting ‘‘subparagraph (B) thereof’’, 
and 
(ii) by striking ‘‘subparagraphs (F) 
and (G)’’ in subparagraph (G) and insert-
ing ‘‘subparagraphs (D) and (E)’’. 
(B) Section 162(m)(6) of such Code is 
amended— 
(i) by striking ‘‘subparagraphs (B), 
(C), and (D) thereof’’ in subparagraph (D) 
and inserting ‘‘subparagraph (B) thereof’’, 
and 
(ii) by striking ‘‘subparagraphs (F) 
and (G)’’ in subparagraph (G) and insert-
ing ‘‘subparagraphs (D) and (E)’’. 
(b) EXPANSION OF APPLICABLE EMPLOYER.—Para-
graph (2) of section 162(m) of the Internal Revenue Code 
of 1986 is amended to read as follows: 
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‘‘(2) PUBLICLY HELD CORPORATION.—For pur-
poses of this subsection, the term ‘publicly held cor-
poration’ means any corporation which is an issuer 
(as defined in section 3 of the Securities Exchange 
Act of 1934 (15 U.S.C. 78c))— 
‘‘(A) the securities of which are registered 
under section 12 of such Act (15 U.S.C. 78l), 
or 
‘‘(B) that is required to file reports under 
section 15(d) of such Act (15 U.S.C. 78o(d)).’’. 
(c) APPLICATION TO ALL CURRENT AND FORMER 
OFFICERS, DIRECTORS, AND EMPLOYEES.— 
(1) IN GENERAL.—Section 162(m) of the Inter-
nal Revenue Code of 1986, as amended by sub-
section (a), is amended— 
(A) by striking ‘‘covered employee’’ each 
place it appears in paragraphs (1) and (4) and 
inserting ‘‘covered individual’’, and 
(B) by striking ‘‘such employee’’ each 
place it appears in subparagraphs (A) and (E) 
of paragraph (4) and inserting ‘‘such indi-
vidual’’. 
(2) COVERED INDIVIDUAL.—Paragraph (3) of 
section 162(m) of such Code is amended to read as 
follows: 
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‘‘(3) COVERED INDIVIDUAL.—For purposes of 
this subsection, the term ‘covered individual’ means 
any individual who is an officer, director, or em-
ployee of the taxpayer or a former officer, director, 
or employee of the taxpayer.’’. 
(3) CONFORMING AMENDMENTS.— 
(A) Section 48D(b)(3)(A) of such Code is 
amended by inserting ‘‘(as in effect for taxable 
years beginning before January 1, 2015)’’ after 
‘‘section 162(m)(3)’’. 
(B) Section 409A(b)(3)(D)(ii) of such 
Code is amended by inserting ‘‘(as in effect for 
taxable years beginning before January 1, 
2015)’’ after ‘‘section 162(m)(3)’’. 
(d) SPECIAL RULE FOR REMUNERATION PAID TO 
BENEFICIARIES, ETC.—Paragraph (4) of section 162(m), 
as amended by subsection (a), is amended by adding at 
the end the following new subparagraph: 
‘‘(F) SPECIAL RULE FOR REMUNERATION 
PAID TO BENEFICIARIES, ETC.—Remuneration 
shall not fail to be applicable employee remu-
neration merely because it is includible in the 
income of, or paid to, a person other than the 
covered individual, including after the death of 
the covered individual.’’. 
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(e) REGULATORY AUTHORITY.— 
(1) IN GENERAL.—Section 162(m) of the Inter-
nal Revenue Code of 1986 is amended by adding at 
the end the following new paragraph: 
‘‘(7) REGULATIONS.—The Secretary may pre-
scribe such guidance, rules, or regulations, including 
with respect to reporting, as are necessary to carry 
out the purposes of this subsection.’’. 
(2) CONFORMING AMENDMENT.—Paragraph (6) 
of section 162(m) of such Code is amended by strik-
ing subparagraph (H). 
(f) 
TRANSFER
TO
SOCIAL
SECURITY
TRUST 
FUNDS.—For purposes of the amount of any increase in 
revenue to the Treasury by reason of the amendments 
made by this section, any such amount that is in excess 
of the total amount appropriated under section 2(f) of this 
Act shall be, at such times and in such manner as deter-
mined appropriate by the Secretary of the Treasury (or 
the Secretary’s delegate), deposited in the Trust Funds 
(as defined in subsection (c) of section 201 of the Social 
Security Act (42 U.S.C. 401)), with— 
(1) 50 percent of such amount to be deposited 
in the Federal Old-Age and Survivors Insurance 
Trust Fund (as defined in subsection (a) of such 
section); and 
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(2) 50 percent of such amount to be deposited 
in the Federal Disability Insurance Trust Fund (as 
defined in subsection (b) of such section). 
(g) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2015. 
Æ 
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