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US SB657
Bill
Status
Introduced
2/20/2025
Primary Sponsor
Christopher Coons
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AI Summary
- Amends the Social Security Act to provide "deemed wages" for U.S. nationals who were unlawfully or wrongfully detained or held hostage abroad, allowing this time to count toward Social Security benefits
- Deemed wages are calculated at 1/12th of the national average wage index for each qualifying month of detention or captivity, up until the individual reaches retirement age
- Qualifying individuals must be officially designated as wrongfully detained under the Robert Levinson Hostage Recovery and Hostage-Taking Accountability Act or identified by the Hostage Recovery Fusion Cell
- Requires the Commissioner of Social Security to issue implementing regulations within 1 year, including application procedures requiring documentation of the federal determination of wrongful detention
- Takes effect 24 months after enactment, with benefits applying retroactively to qualifying months that occurred before, on, or after the law's passage
Legislative Description
Retirement Security for American Hostages Act of 2025
Science, technology, communications
Last Action
Read twice and referred to the Committee on Finance.
2/20/2025
Committee Referrals
Finance2/20/2025
Full Bill Text
No bill text available