Bill > HR571

This bill proposes to amend the Social Security Act by introducing means-testing for child's insurance benefits, specifically targeting children aged 18 or older whose parents are receiving old-age or disability insurance benefits. Under the proposed legislation, a child would no longer be considered a "full-time elementary or secondary school student" eligible for benefits if their parent is 67 years or older and has annual earnings exceeding $125,000. This means that children in these circumstances would lose their eligibility for Social Security benefits, effectively reducing financial support for families where the parent has a higher income. The amendment would apply to benefits paid for any month after the date of enactment, potentially impacting families' financial planning and support structures. The bill aims to restrict Social Security benefit access based on parental income, which could help control government spending on child insurance benefits but might also create financial challenges for some families.