Proposed
Bill · 119th Congress · S 4979
PROMISE Act of 2026
Refreshed 4 h ago
Introduced 2026-07-14Topic: social servicesSummary
AI-generated summary, report an errorThis bill sets up a process for Congress to vote on a plan to keep the Social Security retirement and disability trust funds able to pay full scheduled benefits for at least 50 years. The Social Security Advisory Board would gather public input and send Congress recommended legislation by September 14, 2026. That legislation would be introduced in both chambers, sent to committees, and given special floor rules with time limits on debate, limits on amendments, and set vote thresholds (three-fifths in the Senate, a majority in the House). If the trust funds are later projected to fall short, the Board would have to send new recommendations in 2037 and every 10 years after, which Congress would consider under the same process.
Sponsors
- Richard J. Durbin Democrat sponsor
- 7 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-07-14 | Senate | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3942-3946; text: CR S3943-3946) | refer |
| 2026-07-14 | Introduced in Senate | introduce |