Bill > HR4793

This bill, known as the "Save Our Seniors Act" or "SOS Act", amends the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office (CBO) to provide more detailed information about payments from two important Social Security trust funds: the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund. Specifically, the bill mandates that the CBO's reports must now include a graphical comparison between two key financial metrics: (1) the amount of funding assumed under existing budget control legislation, and (2) the actual outlays from these trust funds, based on current law's dedicated funding sources. This requirement aims to provide Congress with a clearer, visual representation of how actual Social Security payments compare to projected funding assumptions, which could help lawmakers better understand and manage these critical social insurance programs. The bill represents a technical but potentially significant improvement in budget transparency and reporting.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/4793/all-info