Social Security 2100 Act
Sponsored By: Representative Larson, John B. [D-CT-1]
Introduced
Summary
Strengthens Social Security benefits and funding rules. This bill would raise benefit shares, change cost‑of‑living rules, expand who qualifies for benefits, and rewrite the payroll tax base and trust fund funding.
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Bill Overview
Analyzed Economic Effects
9 provisions identified: 5 benefits, 3 costs, 1 mixed.
Higher monthly Social Security checks
If enacted, monthly Social Security payments would be larger for many people for benefit months in 2027 through 2036. The PIA share used to compute checks would rise from 90% to 93% for those months. The bill would add a 1% credit on the part of your averaged indexed monthly earnings above one-twelfth of the yearly contribution base. It would also create a new minimum benefit for long-term low earners, staged long-term increases for very long-term beneficiaries, stronger survivor rules for two-earner families, and rules to credit unpaid caregivers and prevent some PIA drops. COLA rules for 2027–2036 would use the higher of CPI-W or a new CPI-E (or the research R-CPI-E until CPI-E is published).
Create consolidated Social Security Trust
If enacted, the bill would create a single Social Security Trust Fund on the Treasury books combining OASI and DI assets and related receipts. Each fiscal year it would appropriate transfers equal to specified payroll taxes and parts of the changed investment‑income taxes, with quarterly estimates and later adjustments. If the fund lacks monthly cash, the Secretary must make specified transfers and the Trust Fund would pay interest to the general fund on those transfers. The Managing Trustee would invest the assets as current trust investments are handled.
End Social Security wage cap
If enacted, the bill would repeal the limit on wages subject to Social Security payroll tax for remuneration paid in calendar years after 2026 and for self‑employment income for taxable years after 2026. That would expose earnings above the current contribution base to Social Security payroll tax and could raise payroll tax costs for high earners and some self‑employed taxpayers.
More child and student benefits
If enacted, child Social Security benefits would be available to qualifying post‑secondary students up to age 26 if they attend at least half‑time for months in 2027 through 2036. The bill also expands who may sponsor a child's benefits to specified relatives up to the fifth degree if the child lived with and received at least half support from that relative for 12 months, with special rules for infants and court custody orders.
Protections for SSI and Medicaid rules
If enacted, the bill would treat Title II benefit amounts used in SSI, Medicaid, and CHIP rules as no larger than they would have been without the Title I temporary changes. This is meant to protect eligibility and benefit levels. The bill would also limit nonfraud overpayment recoveries so the Commissioner cannot cut a monthly benefit by more than 10% unless the beneficiary asks for a higher rate. Social Security account statements would be mailed by default starting January 1, 2027 unless the individual elects electronic delivery.
SSA offices, staffing, and privacy rules
If enacted, the Commissioner would face a moratorium on closing or consolidating SSA field and hearing offices from enactment until 180 days after a required report (the report may not be sent before January 21, 2029). After the moratorium, strict notice, hearing, reporting, and appeal steps would be required before any closure, and the agency must keep total offices at or above the January 19, 2025 level. The bill would require a staffing floor at the January 19, 2025 FTE level. It would also ban political appointees from beneficiary data systems, bar wrongful SSN invalidation with a private right of action (minimum $5,000 damages), create civil remedies for negligent disclosures, and require IG and GAO oversight and reporting. The bill would change how representative fees are calculated and bar the Commissioner from holding other federal offices except as required by law.
Higher tax on investment income
If enacted, the bill would rewrite the net investment income tax for tax years after 2026 into two parts. One part is 3.8% on the lesser of net investment income or MAGI above a Medicare threshold ($250,000 joint, $125,000 married filing separately, $200,000 single or head of household). The second part is 12.4% on the lesser of net investment income or MAGI above a $400,000 Social Security threshold. Estates and trusts have similar rules.
New tax on Social Security benefits
If enacted, Social Security benefits would be taxed under a new rule for taxable years after 2026 and before 2037. Taxable inclusion would be the lesser of 85% of benefits or one-half of a formula‑based excess. Base amounts would be $35,000 for individuals, $50,000 for joint filers, and $0 for certain married nonfilers who live with a spouse. Revenue collected would be appropriated to the Federal Hospital Insurance Trust Fund and allocated among payor funds with quarterly transfers based on Treasury estimates.
Changes to disability waiting and work
If enacted, disability benefits for disability periods that begin in 2027 through 2036 would start with the first month of disability instead of after a five-month wait. For months in 2027–2036, benefits would no longer terminate for work; instead monthly benefits could be reduced by $1 for each $2 of earnings above a Commissioner-set monthly threshold. No reduction could be applied before the third month after trial work ends, and reductions could not reduce the benefit below $0.
Sponsors & CoSponsors
Sponsor
Larson, John B. [D-CT-1]
CT • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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