Bipartisan Senate Plan Creates Roadmap for Social Security Reform
TL;DR
A bipartisan group of senators introduced the PROMISE Act to create a formal, transparent path for Social Security reform, including a base bill, 100 hours of floor consideration, a solvency review every 10 years, and a requirement that final legislation deliver long-term solvency, with passage needing 60 Senate votes, aiming to address the program’s looming depletion around 2032–2034.
- Bipartisan group of senators propose Social Security reform process ahead of funding shortfall CNBC
- Bipartisan group of senators introduces legislation to avert looming Social Security shortfall AP News
- Social Security is a Problem of Income Distribution, Not Demographics cepr.net
- Why Ramsey financial expert says there's 'no magic age' to claim Social Security Fox Business
- Senators introduce bipartisan plan to tackle Social Security insolvency CBS News
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