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Promise Act

All articles tagged with #promise act

AARP Criticizes Fast-Track Plan to Fix Social Security
politics1 month ago

AARP Criticizes Fast-Track Plan to Fix Social Security

A bipartisan PROMISE Act would create an independent Social Security Advisory Board to draft a base bill aimed at keeping the trust funds solvent for 50 years, then fast-track it through Congress with a 100-hour debate cap and a three-fifths Senate vote. Supporters say it could break policy gridlock, but AARP opposes, arguing the process curtails debate and amendments and risks reducing transparency and benefits. The plan envisions hearings and potential amendments in committees, with movement to the floor possibly during a lame-duck session if deadlines aren’t met.

Bipartisan Senate Plan Creates Roadmap for Social Security Reform
politics1 month ago

Bipartisan Senate Plan Creates Roadmap for Social Security Reform

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.