H.R. 9519

Social Security 2100 Act

Sponsor: John B. Larson

4 cosponsors
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I Strengthening Benefits

II Strengthening the Trust Fund

Sec. 202. Including earnings over the contribution and benefit base in Social Security benefit formula

(a) Inclusion of earnings over the contribution and benefit base. Section 215(a)(1)(A) of the Social Security Act (42 U.S.C. 415(a)(1)(A)) is amended—

(1) in clause (ii), by striking and at the end;

(2) in clause (iii), by striking the comma at the end and inserting but do not exceed one-twelfth of the contribution and benefit base determined for the applicable year under section 230; and

(3) by inserting after clause (iii) the following:

Text this section adds to the law

(iv) 1 percent of the individual’s averaged indexed monthly earnings to the extent that such earnings exceed one-twelfth of the contribution and benefit base determined for the applicable year under section 230.

(b) Conforming amendments. Title II of the Social Security Act (42 U.S.C. 201 et seq.) is amended in section 215(e)(1), by inserting and before 2027 after after 1974.

(c) Effective date. The amendments made by this section shall apply with respect to remuneration paid in calendar years after 2026 and to net earnings from self-employment derived in taxable years beginning after December 31, 2026.

III Strengthening Service Delivery