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Rep. John Larson

Regulation and Compliance > Legislation

Lawmakers Renew Push for Social Security 2100 Bill Passage

By Melanie Waddell

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Lawmakers and Social Security advocacy groups renewed their push Tuesday afternoon for passage of Social Security 2100: A Sacred Trust, H.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.”

Melanie Waddell

@Think_MelanieW

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