Safeguarding Social Security and Medicare Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8806 Introduced in House (IH)]

<DOC>






118th CONGRESS
  2d Session
                                H. R. 8806

 To direct the Comptroller General of the United States to carry out a 
   study relating to the resiliency of Social Security and Medicare.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 21, 2024

    Mr. Nunn of Iowa (for himself and Mr. Davis of North Carolina) 
 introduced the following bill; which was referred to the Committee on 
    Ways and Means, and in addition to the Committee on Energy and 
Commerce, for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To direct the Comptroller General of the United States to carry out a 
   study relating to the resiliency of Social Security and Medicare.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Safeguarding Social Security and 
Medicare Act''.

SEC. 2. FINDINGS.

    Congress finds the following:
            (1) Congress must protect the resiliency and longevity of 
        Social Security and Medicare.
            (2) 71.7 million people receive Social Security benefits 
        and 66.6 million people receive Medicare benefits.
            (3) Medicare is critical to our elderly and disabled 
        population and their families.
            (4) Social Security benefits are necessary for our elderly 
        population who already survive on limited budgets.
            (5) Seniors earn their benefits after contributing their 
        payroll taxes for decades.
            (6) American workers are contributing with the promise of a 
        financially secure future for themselves and their families.
            (7) The increased cost of living and record levels of 
        inflation continue to put a financial strain on every American, 
        especially those on Social Security and Medicare.
            (8) It is necessary to carry out a study to understand how 
        cost of living and inflation projections will affect Social 
        Security and Medicare and to provide recommendations to 
        Congress.

SEC. 3. STUDY ON SOCIAL SECURITY AND MEDICARE.

    Not later than 1 year after the date of enactment of this Act, the 
Comptroller General shall conduct a study and submit a report to 
Congress on the following:
            (1) The effect of inflation and cost of living increases on 
        Medicare and the Old-Age Survivor and Disability Insurance 
        program under title II of the Social Security Act (42 U.S.C. 
        401 et seq.).
            (2) Recommendations on any legislative actions necessary to 
        improve the ability to provide full benefits under such 
        programs.
                                 <all>