The Social Security Expansion Act is a federal bill aimed at increasing benefits for Social Security recipients. The main provisions of the bill include raising benefits across the board, implementing a more generous cost-of-living adjustment formula, improving the Special Minimum Benefit, and ensuring that wealthy individuals pay their fair share into the system. This bill intends to enhance retirement security for seniors, disabled individuals, and survivors by strengthening and expanding the Social Security program. If passed, this legislation could have a significant impact on millions of Americans by providing them with higher and more reliable Social Security benefits.
2023-02-14: Introduced in House
2023-02-14: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Transportation and Infrastructure, 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.
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