Bill > HR1339

This bill, known as the "Safeguarding Social Security and Medicare Act," directs the Comptroller General (the head of the Government Accountability Office) to conduct a comprehensive study within one year of enactment, focusing on how inflation and cost of living increases impact Social Security and Medicare. The bill highlights that currently 71.7 million people receive Social Security benefits and 66.6 million receive Medicare benefits, and recognizes the critical importance of these programs for elderly and disabled populations. The study must examine the effects of rising living costs and inflation on these federal benefit programs, specifically looking at the Old-Age Survivor and Disability Insurance program, and will require the Comptroller General to provide recommendations to Congress about potential legislative actions needed to ensure these programs can continue to provide full benefits. The bill's findings emphasize that seniors have earned these benefits through decades of payroll tax contributions and that current economic challenges are putting significant financial strain on program recipients.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/1339/all-info