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HI HCR46

Concurrent Resolution

Status

Introduced

3/5/2024

Primary Sponsor

Jeanne Kapela

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Urges United States Congress to adopt the Social Security 2100 Act to address projected depletion of Social Security trust funds by 2034.

  • Increases benefits by 2 percent across the board for all Social Security beneficiaries and improves cost-of-living adjustments to reflect economic inflation experienced by seniors.

  • Restores student benefits up to age 26 for dependent children of disabled and deceased workers; repeals windfall elimination provision and government pension offset; ends five-month waiting period for disability benefits; and increases benefits by additional 5 percent for seniors receiving benefits 15+ years.

  • Funds benefits through applying Federal Insurance Contributions Act to earnings over $400,000 and adding 12.4 percent net investment income tax for taxpayers making over $400,000, while cutting taxes for 23 million middle-income beneficiaries.

  • Strongly encourages Congress to reject any legislation that would lead to privatization of Social Security benefits.

Legislative Description

Urging The United States Congress To Adopt The Social Security 2100 Act.

Last Action

Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Garcia, Ward voting no (2) and Representative(s) Gates, Ichiyama, Kila, Lowen, Tam excused (5).

3/28/2024

Committee Referrals

Finance3/28/2024
Human Services3/8/2024

Full Bill Text

No bill text available