Bill · H.R. 571· House(119-HR-571)
____ Act
- Introduced
- 1/21/2025
- Last activity
- 1/21/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- H. Griffith
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill seeks to amend title II of the Social Security Act to implement means-testing for certain child's insurance benefits. It targets children aged 18 years or older who are considered full-time elementary or secondary school students. The change applies if the child's benefits are based on the wages of an individual who is 67 years of age or older and receiving old-age or disability insurance benefits. Additionally, the rule applies if that individual has more than $125,000 of earnings for the taxable year. These changes would take effect for benefits paid after the date of enactment.
Yes
Does this reduce what the federal government spends?+3
The bill reduces federal spending by means-testing and potentially eliminating certain child's insurance benefits.
The opposite· 3 of 5
Would children be better off under this?-5
The bill negatively impacts children aged 18 or older who are full-time students by potentially terminating their insurance benefits.
Would students be better off under this?-4
The bill removes the benefit of student status for those aged 18 or older in high-income households.
Does this strengthen Social Security?-3
The bill reduces Social Security benefits for children of high-earning seniors by implementing new means-testing criteria.
Who it would affect, and how
Potential Positive Impacts for People
- Targeted benefit restrictions: The bill introduces a means-test for specific groups of children receiving benefits based on the income of high-earning seniors (Section 2: Means-Testing Child's Insurance Benefits, subsection a).
Potential Negative Impacts for People
-
Loss of student status for benefits: Children aged 18 or older may no longer be considered full-time elementary or secondary school students for the purpose of receiving benefits if their parent or provider meets the age and income thresholds (Section 2: Means-Testing Child's Insurance Benefits, subsection a).
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Impact on high-earning retirees: Individuals who are 67 or older, receiving old-age or disability insurance benefits, and earning more than $125,000 in a taxable year will see a change in how their children's benefits are calculated (Section 2: Means-Testing Child's Insurance Benefits, subsection a).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Children-5Good For Students-4Good For High Income Households-2Good For Seniors-2
- Economy And Finance
- Reduces Government Spending+3
- Social Issues And Justice
- Improves Social Security-3
- 1/21/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House