This bill would establish an automatic funding mechanism to keep Social Security solvent and create expedited procedures for Congress to address any future insolvency of Social Security's trust funds. If the Social Security Administration certifies that either the retirement benefits fund or disability insurance fund cannot pay full benefits, Congress would be required to automatically appropriate whatever funds are needed to continue payments, with any additional revenue coming from taxes on the ultra-wealthy and corporations. The bill also mandates that Social Security field offices operate in every county with a population over 150,000 people to improve access for beneficiaries. Additionally, if insolvency is declared, a Social Security solvency bill would receive expedited consideration in both chambers, with strict timelines requiring House committees to report within five legislative days and a final House vote within 15 days, while the Senate would have similar compressed timelines with limited debate. The legislation would prevent amendments to such bills, ensuring Congress acts quickly and decisively to preserve full Social Security benefits without reducing them or raising taxes on middle and working-class individuals.
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