H.R. 5747: S.O.S. Act of 2016
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H.R. 5747: S.O.S. Act of 2016
114th Congress · introduced 2016-07-13 · Social Welfare · Latest: Referred to the Subcommittee on Social Security.
federal
Follow this bill, step by step
- Where it came from: introduced 2016-07-13 · official record
- Who proposed it: Rep. Ribble, Reid J. [R-WI-8] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the Subcommittee on Social Security. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
S.O.S. Act of 2016
Plain summary
S.O.S. Act of 2016 This bill amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to increase the contribution and benefit base for 2017 through 2019. The bill revises the computation of primary insurance amounts to include surplus average indexed monthly earnings (AIME) in determining them, adjust surplus earnings for purposes of determining the surplus AIME, and reduce the third bend point factor. The retirement age shall increase past 67 years by certain formulae. Cost-of-living adjustments shall involve the Chained Consumer Price Index for all Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor. The bill formulates a minimum monthly insurance benefit, and establishes an increased benefit for beneficiaries on account of long-term eligibility, starting 20 years after they become eligible for monthly OASDI benefits. The bill revises a certain formula to increase benefit computation years for purposes of calculating primary OASDI insurance amounts. This bill amends the Congressional Budget Act of 1974 to make it out of order in the House of Representatives or the Senate to consider any: budget resolution that sets forth totals for any fiscal year regarding the Social Security Trust Funds that are less than the totals of the Social Security Trust Funds for that fiscal year as calculated in accordance with a current services baseline, or spending or tax legislation that would cause any totals to be less than the Funds totals for the covered fiscal year. The bill declares that this latter point of order shall not apply to Social Security reform legislation.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
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Alternatives
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Ribble, Reid J. [R-WI-8] · 6 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Cynthia M. Lummis (R-WY)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (4)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Fiscal year
- The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.
- Resolution
- A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr5747.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>
Record fed-us-cong114-hr5747 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114