Bill · S. 4092· Senate(119-S-4092)
No Crypto in Social Security Act
- Introduced
- 3/12/2026
- Last activity
- 3/12/2026 — Read twice and referred to the Committee on Finance. (text: CR S1049)
- Sponsored by
- Richard Durbin
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The "No Crypto in Social Security Act" is a bill designed to change the Social Security Act. Its main goal is to stop the Social Security Trust Funds from investing in cryptocurrency. It specifically prohibits investments in digital assets and crypto-related investments.
Yes· 3 of 6
Would people over 65 be better off under this?+6
Protects the trust funds that seniors rely on for their monthly benefits from high-risk assets.
Would retired people be better off under this?+6
Secures the assets used to pay retirement benefits by avoiding volatile cryptocurrency.
Does this strengthen Social Security?+5
Protects the solvency and stability of the Social Security Trust Funds by prohibiting volatile crypto investments.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Protection of Trust Funds: By prohibiting investments in digital assets and crypto-related investments under Section 2, the bill prevents Social Security Trust Funds from being placed in these specific types of assets.
Potential Negative Impacts for People
- Investment Restrictions: Section 2 limits the investment options for the Social Security Trust Funds by banning digital assets, crypto-related investment funds, and stocks or bonds of companies that derive value or revenue from digital assets.
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 Retirees+6Good For Seniors+6Good For Low Income Households+4Good For Middle Class Households+3
- Social Issues And Justice
- Improves Social Security+5
- Economy And Finance
- Improves Fiscal Responsibility+3
- 3/12/2026
- Read twice and referred to the Committee on Finance. (text: CR S1049)
- Introduced in Senate