To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide to Congress information on payments from the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund, and for other purposes.
The Save Our Seniors Act requires the Congressional Budget Office to provide Congress with detailed information comparing Social Security payments under current law with baseline budget assumptions. Specifically, the bill mandates that the CBO include graphs and analysis showing the difference between what the budget currently assumes Social Security will pay out versus what the program would actually pay based on its dedicated funding sources. The legislation affects seniors and all Americans who rely on or contribute to Social Security's Old-Age and Survivors Insurance and Disability Insurance trust funds. The bill contains no new funding or specific timelines, instead focusing on improving transparency and reporting requirements so Congress has better information when making budget decisions. This measure was introduced in December 2023 and referred to the House Budget Committee.
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