S.770

Social Security Expansion Act

Introduced·2/27/25
Introduced in Senate Text

Enhances Social Security benefits and ensures long-term solvency.

The Social Security Expansion Act aims to enhance Social Security benefits and ensure the long-term solvency of the program. It increases the first bend point percentage from 90% to 95%, adjusts the computation of cost-of-living increases, and establishes the Social Security Trust Fund. The bill also extends benefit eligibility for children who are full-time students until they turn 22, increases the minimum benefit for lifetime low earners based on years in the workforce, and modifies payroll and self-employment taxes.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Finance Committee
Next
Committee decision

Sponsors

Democratic CaucusRepublican Caucus

History

Feb 27, 2025

Senate

Read twice and referred to the Committee on Finance.