# 114-hr-4012: SAVE Benefits Act

114-hr-4012, SAVE Benefits Act, is a 114th Congress bill sponsored by Rep. Grayson, Alan [D-FL-9] (D-FL); status Referred to the Subcommittee on Disability Assistance and Memorial Affairs. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4012
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4012
- Congress: 114
- Title: SAVE Benefits Act
- Status: Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
- Introduced: 2015-11-16
- Sponsor: Rep. Grayson, Alan [D-FL-9] (D-FL)
- Cosponsors: 3
- Policy area: Social Welfare
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Seniors And Veterans Emergency Benefits Act or the SAVE Benefits Act This bill directs the Department of the Treasury to disburse a payment equal to 3.9% of the average amount of annual benefits to certain individuals (except prisoners, fugitive felons, or aliens) who are entitled to a specified benefit under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA), an annuity under the Railroad Retirement Act of 1974, a veterans benefit, or are eligible for a cash benefit under SSA title XVI (Supplemental Security Income), including a special benefit for individuals who perform substantial gainful activity despite severe medical impairment. A refundable income tax credit is allowed for the first taxable year beginning in 2015 in an amount equal to $581 for certain eligible government retirees who do not receive such a payment. The Internal Revenue Code is amended, with respect to the $1 million limitation on the deductibility of employee compensation, to: subject to that limitation any compensation payable on a commission basis or upon the attainment of a performance goal; extend the limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; and apply the limitation to all publicly-held corporations required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.

## Cosponsors (3)

- Rep. Cohen, Steve [D-TN-9] (D-TN), 2015-12-02T00:00:00.000Z
- Rep. Cicilline, David N. [D-RI-1] (D-RI), 2015-12-02T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2015-12-11T00:00:00.000Z

## Related bills

- 114-hr-6340: Presidential Accountability Act
- 114-hr-5373: LGBT Data Inclusion Act
- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act
- 114-hr-4521: Lake Berryessa Recreation Enhancement Act of 2016
- 114-hr-4479: Families of Flint Act

## Sources
- [114-hr-4012 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4012)

## Related
- [114-hr-6340: Presidential Accountability Act](https://policyrisk.com/legislation/114-hr-6340)
- [114-hr-5373: LGBT Data Inclusion Act](https://policyrisk.com/legislation/114-hr-5373)
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-4592)
- [114-hr-4521: Lake Berryessa Recreation Enhancement Act of 2016](https://policyrisk.com/legislation/114-hr-4521)
- [114-hr-4479: Families of Flint Act](https://policyrisk.com/legislation/114-hr-4479)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4012 (as of 2025-11-18).