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Bill > HR7652


US HR7652

US HR7652
Social Security Guarantee Act of 2022


summary

Introduced
05/03/2022
In Committee
05/03/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To guarantee the right of individuals to receive Social Secu- rity benefits under title II of the Social Security Act in full with an accurate annual cost-of-living adjustment.

AI Summary

This bill, the Social Security Guarantee Act of 2022, aims to guarantee the right of individuals to receive their full Social Security benefits under Title II of the Social Security Act, with an accurate annual cost-of-living adjustment. The bill requires the Secretary of the Treasury to issue a benefit guarantee certificate to each individual determined to be entitled to Social Security benefits, which represents a legally enforceable guarantee of the monthly benefit amount and a commitment to adjust the benefits annually based on the cost-of-living increase. The certificates are considered budget authority and an obligation of the federal government to provide the guaranteed Social Security payments.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (1)

Last Action

Referred to the Subcommittee on Social Security. (on 05/03/2022)

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