Bill · S. 4979· Senate(119-S-4979)
PROMISE Act of 2026
- Introduced
- 7/14/2026
- Last activity
- 7/14/2026 — Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3942-3946; text: CR S3943-3946)
- Sponsored by
- Richard Durbin
- Cosponsors
- - 2 - 4
- Introduced
- In Committee
What this bill would do
This bill sets up a special process to help make sure the Social Security trust funds stay financially stable over the long term. It requires the Social Security Advisory Board to study the issue, hold public listening sessions, and send a report with legislative recommendations to Congress by September 14, 2026. The bill creates fast-track rules for the House and Senate to introduce, debate, and vote on a Social Security bill before the end of 2026. If the trust funds fall short of a 50-year solvency window in the future, the board must trigger this reporting and review process again starting in 2037 and every ten years after that.
Yes· 3 of 24
Would retired people be better off under this?+8
Directly addresses the guarantee of 100% of their scheduled benefits.
Does this strengthen Social Security?+8
The bill establishes a mandatory, fast-tracked legislative process to guarantee 100% of scheduled benefits for 50 years.
Would people over 65 be better off under this?+7
Aims to ensure 100% of scheduled benefits are paid, protecting current and near-term retirees.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Public Involvement in Finding Solutions: Under Section 201A(b)(2) and Section 201A(b)(3), the Social Security Advisory Board is required to issue a request for information to the public and hold public listening sessions. This could be positive because it gives everyday people and stakeholders a direct way to share their ideas and concerns about Social Security's future.
-
Regular Checks on Program Health: Under Section 201A(d), if future reports show the trust funds cannot pay 100 percent of scheduled benefits for at least 50 years, a formal review and reporting process is triggered starting in 2037 and every ten years thereafter. This could benefit individuals by forcing elected officials to regularly review the system and take action to protect retirement and disability benefits before they run out.
Potential Negative Impacts for People
-
Forced Lawmaker Action and Restrictions: Under Section 201A(c)(1)(A), the bill forces the House and Senate to reconvene if they are adjourned, and restricts their ability to adjourn for more than three calendar days until they vote on the Social Security bill. While aimed at accountability, this could place a heavy burden on lawmakers and disrupt scheduled legislative calendars.
-
Strict Limits on Public Debate: Under Section 201A(c)(3)(A)(ii) and Section 201A(c)(3)(B)(ii), the bill caps total consideration and debate on the Social Security bill at 100 hours in both the Senate and the House. This could be viewed negatively by people who believe important changes to Social Security deserve unlimited discussion and thorough vetting by their elected officials.
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+8Good For People With Disabilities+7Good For Seniors+7Good For Low Income Households+6Good For Middle Class Households+5Good For Women+5Good For African Americans+4Good For Hispanic Americans+4Good For Men+4Good For Middle Aged+4Good For Native Americans+4Good For Asian Americans+3Good For Farmers+3Good For L G B T Q Community+3Good For Union Workers+3Good For Veterans+3Good For White Americans+3Good For Young Adults+3Good For High Income Households+2
- Social Issues And Justice
- Improves Social Security+8Improves Poverty Reduction+3Improves Disability Rights+2
- Economy And Finance
- Improves Fiscal Responsibility+5
- Governance And Ideology
- Improves Government Transparency+4
- 7/14/2026
- Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3942-3946; text: CR S3943-3946)
- 7 Cosponsors added.
- Introduced in Senate
- Alan Armstrong
Republican · Oklahoma
John CornynRepublican · Texas
Bill CassidyRepublican · Louisiana
Christopher CoonsDemocrat · Delaware
Angus KingIndependent · Maine
Timothy KaineDemocrat · Virginia
Thomas TillisRepublican · North Carolina