Bill · H.R. 4968· House(119-HR-4968)

Protecting and Preserving Social Security Act

Age: 50 years

Hawaii

Introduced: 8/12/2025
Last activity: 8/12/2025 — Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsored by: Jill Tokuda
Cosponsors: - 11 - 0

Social Welfare

Introduced
In Committee

What this bill would do

The Protecting and Preserving Social Security Act aims to amend the Social Security Act and the Internal Revenue Code of 1986 to improve the old-age, survivors, and disability insurance program. It introduces a new "Consumer Price Index for Elderly Consumers" (CPI-E) to be used for calculating cost-of-living increases for Social Security benefits. The bill also changes how wages and self-employment income above the contribution and benefit base are handled through a sliding scale of applicable percentages. Furthermore, it modifies the benefit formula to include "surplus average indexed monthly earnings" in the determination of primary insurance amounts. These changes are intended to adjust how benefits are computed and adjusted over time.

Yes· 3 of 10

Would people over 65 be better off under this?+8
The bill increases benefits for seniors through a specialized cost-of-living index and the inclusion of surplus earnings.
Would retired people be better off under this?+8
The bill provides better cost-of-living adjustments through the CPI-E and incorporates surplus earnings into the benefit formula.
Does this strengthen Social Security?+7
The bill improves Social Security by creating a new cost-of-living index for elderly consumers and including surplus earnings in benefit calculations.