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Rep. John Larson

Regulation and Compliance > Legislation

Lawmakers Renew Push for Social Security 2100 Bill Passage

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Lawmakers and Social Security advocacy groups renewed their push Tuesday afternoon for passage of Social Security 2100: A Sacred TrustH.R. 5723.

House Ways and Means Social Security Subcommittee Chairman John Larson, D-Conn., told reporters on a call Tuesday that he’s hopeful that markup and a vote on Social Security 2100 will happen “when we come back [from recess] in August or September.”

House Ways and Means Committee Chairman Richard Neal, D-Mass., an original co-sponsor of the bill, “is working hard,” Larson said.

The legislation adopts the consumer price index for the elderly as the basis of the annual cost-of-living adjustment (COLA) and applies the payroll tax to annual wages above $400,000.

“There is a serious problem that we are facing. We know we have a retirement crisis on our hands, we know that has been compounded by this pandemic,” Larson said during the call.

Pramila Jayapal, D-Wash., chair of the Congressional Progressive Caucus, echoed on the call that when Congress returns from its August recess, “let’s get this bill to markup and get it to the floor.”