SOS Act

Bill: 118-hr-6853
Sponsor: full_name: Rep. Feenstra, Randy [R-IA-4]
Introduced: 2023-12-19
Policy area: Economics and Public Finance
Latest action: action_date: 2023-12-19
text: Referred to the House Committee on the Budget.

Summaries:

tv_txt: I 118th CONGRESS 1st Session H. R. 6853 IN THE HOUSE OF REPRESENTATIVES December 19, 2023 Mr. Feenstra (for himself, Mr. Dunn of Florida , Mr. LaTurner , Mr. Edwards , Mr. Guest , Mr. Bacon , Ms. Foxx , Mr. Schweikert , Mr. Weber of Texas , Mr. Yakym , Mrs. Miller-Meeks , Mr. Wittman , Mr. Fitzgerald , Mrs. Harshbarger , Mr. Carter of Georgia , Mrs. Bice , Ms. Hageman , Mr. Donalds , Mr. McCormick , Mr. Rouzer , Mr. Carey , and Mr. Carter of Texas ) introduced the following bill; which was referred to the Committee on the Budget A BILL To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide to Congress information on payments from the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund, and for other purposes.

1. Short title This Act may be cited as the Save Our Seniors Act or the SOS Act . 2. Information on payments from the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund Section 202(e)(1) of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 602(e)(1) ) is amended by adding at the end the following: Such report shall include a comparison, expressed in graph format and included with other information in the report on the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund, between: (A) the amount assumed under section 257(b)(1) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 907(b)(1) ); and (B) outlays from payments from such Trust Funds based on the assumption that payments would be consistent with the amounts payable from dedicated funding sources as under current law. .