[Congressional Record Volume 170, Number 189 (Thursday, December 19, 2024)]
[Senate]
[Page S7244]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3348. Mr. PAUL submitted an amendment intended to be proposed by 
him to the bill H.R. 82, to amend title II of the Social Security Act 
to repeal the Government pension offset and windfall elimination 
provisions; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. __. LIMITATION ON SOCIAL SECURITY BENEFITS FOR CERTAIN 
                   INDIVIDUALS.

       (a) In General.--Section 215 of the Social Security Act (42 
     U.S.C. 415) is amended by adding at the end the following:

            ``Limitation on Benefits for Certain Individuals

       ``(j)(1) In the case of an applicable individual, the 
     primary insurance amount of such individual shall not exceed 
     an amount equal to the quotient of--
       ``(A) the total amount of taxes paid under sections 
     1401(a), 3101(a), 3111(a), 3201(a), 3211(a), and 3221(a) of 
     the Internal Revenue Code of 1986 with respect to any self-
     employment income, wages, or compensation paid to or received 
     by such individual; divided by
       ``(B) the total number of months of remaining life 
     expectancy of such individual, as determined by the 
     Commissioner of Social Security using reasonable actuarial 
     assumptions.
       ``(2) For purposes of this subsection, the term `applicable 
     individual' means an individual whose primary insurance 
     amount would be computed or recomputed pursuant to subsection 
     (a)(7), (d)(3), or (f)(9) of this section (as in effect on 
     the day prior to the date of enactment of the Social Security 
     Fairness Act of 2023).''.
       (b) Effective Date.--The amendments made by this section 
     shall apply with respect to benefits payable for months after 
     December 2024.
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