3.0.0 1984 2023-01-11T13:27:36Z 2023-01-11T13:27:36Z House HR 2015-04-23 114 [Congressional Record Volume 161, Number 60 (Thursday, April 23, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DeFAZIO:H.R. 1984.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 (relating to the power tomake all laws necessary and proper for carrying out thepowers vested in Congress), and Article IV, Section 3, Clause2 (relating to the power of Congress to dispose of and makeall needful rules and regulations respecting the territory orother property belonging to the United States).[Page H2465]]]> hsed00 Education and the Workforce Committee House Standing hsed02 Health, Employment, Labor, and Pensions Subcommittee Referred to 2015-11-16T21:25:05Z Referred to 2015-04-23T13:01:40Z hswm00 Ways and Means Committee House Standing Referred to 2015-04-23T13:01:35Z 2015-11-16 hsed02 Health, Employment, Labor, and Pensions Subcommittee 1 House committee actions Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Committee 2015-04-23 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2015-04-23 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2015-04-23 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-04-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-04-23 Introduced in House IntroReferral 1000 9 Library of Congress D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 N C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2015-04-23 True D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2015-04-23 True G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2015-04-23 True P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2015-04-23 True S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2015-04-23 True M001166 Rep. McNerney, Jerry [D-CA-9] Jerry McNerney D CA 9 2015-05-18 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2015-10-27 False L000580 Rep. Lujan Grisham, Michelle [D-NM-1] Michelle Lujan Grisham D NM 1 2015-10-27 False V000108 Rep. Visclosky, Peter J. [D-IN-1] PETER VISCLOSKY D IN J. 1 2016-05-12 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2016-11-17 False Taxation Aging Employment taxes Government trust funds Inflation and prices Medicare Self-employed Social security and elderly assistance Wages and earnings Taxation 00 2015-04-23 Introduced in House 2015-06-18T22:22:22Z Fair Adjustment and Income Revenue for Social Security Act or the FAIR Social Security Act

This bill repeals the cap on the amount of income ($118,500 in 2015) that is subject to the employment or self-employment tax for funding social security benefits. The bill also reallocates employment and self-employment tax revenues to increase Social Security Trust Fund solvency.

The Bureau of Labor Statistics of the Department of Labor must prepare and publish an index for each calendar month to be known as the Consumer Price Index for Elderly Consumers that indicates changes in expenditures for consumption that are typical for individuals who are 62 years of age or older. This Index will be used to adjust benefit amounts under the Old Age, Survivors, and Disability Insurance program and Medicare.

]]> FAIR Social Security Act Display Title FAIR Social Security Act Official Title as Introduced To amend the Internal Revenue Code of 1986 and title II of the Social Security Act to repeal the cap on compensation subject to the payroll tax, to reallocate payroll tax revenue to the Social Security Trust Funds, to apply the CPI-E to Social Security cost-of-living increases, and for other purposes. Introduced in House IH Short Titles as Introduced FAIR Social Security Act Short Titles as Introduced Fair Adjustment and Income Revenue for Social Security Act Introduced in House 2015-04-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1984ih/xml/BILLS-114hr1984ih.xml 2015-11-16 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.