Protecting Social Security Act
Sponsored By: Representative Ryan
Introduced
Summary
Guarantees full Social Security and disability payments even if one or both trust funds run short. It would also set rules for an expedited congressional solvency bill and require a Social Security Administration field office in every county with more than 150,000 people.
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- Retirees and people with disabilities would keep receiving full monthly benefit checks whenever the Old-Age and Survivors Insurance or Disability Insurance trust fund lacks enough balance. The bill would provide monthly funding equal to what is necessary to make those payments.
- People who rely on in-person services would get greater local access because the Social Security Administration would need an office in every county with over 150,000 residents.
- Congress would have to fast-track a "Social Security solvency bill" that preserves full retirement and disability benefits, does not cut those benefits, and directs any new revenue needs toward an ultra-wealthy and corporate class. Those bills would face strict time limits, limited debate, and no amendments.
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 3 benefits, 0 costs, 1 mixed.
Automatic monthly funding for Social Security
If enacted, the bill would require monthly appropriations to any insolvent OASI or DI trust fund when the Commissioner certifies a shortfall. Each month the government would pay whatever is needed so the Social Security Administration can make title II payments on time. This would let beneficiaries keep receiving their full checks without interruption during a certified shortfall.
Solvency bills focused on wealthy and corporations
If enacted, the bill would define a "Social Security solvency bill" narrowly when the Commissioner certifies a shortfall. Such a bill would have to keep title II beneficiaries whole and could not cut title II benefits. It would also bar tax increases on ordinary individuals and direct any new funding needs to the ultra-wealthy and corporations.
Fast congressional process for solvency bills
If enacted, the bill would force fast floor and committee rules once the Commissioner certifies a trust fund can’t pay title II benefits. House committees would have 5 legislative days to report and the House must vote within 15 days. The Senate would get short, capped debate (up to 10 hours) and no amendments. The aim is to speed congressional action to keep benefits paid.
Local Social Security offices in large counties
If enacted, the bill would require the Social Security Administration to run a field office in every county with population greater than 150,000. This would make it easier for people in those counties to get in-person help with benefits, claims, and records. The bill does not set specific funding or a deadline for opening offices.
Sponsors & CoSponsors
Sponsor
Ryan
NY • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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