Bill > HR521

This bill, the Social Security Guarantee Act of 2023, 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 key provisions of the bill are: 1) The Secretary of the Treasury will issue a benefit guarantee certificate to each individual determined to be entitled to Title II Social Security benefits, within 90 days of the bill's enactment, and to any individual thereafter determined to be entitled to such benefits. 2) This certificate represents a legally enforceable guarantee of the monthly benefit amount and that the benefits will be adjusted annually based on an accurate cost-of-living determination, as well as any future changes in the individual's eligibility status under Title II. 3) The certificates constitute budget authority and represent the federal government's obligation to provide the specified Social Security benefits to the individuals.

Budget and Finance, Labor and Employment

https://www.congress.gov/bill/118th-congress/house-bill/521/all-info