Senior Citizens Inflation Relief Act

Senior Citizens Inflation Relief Act

This bill temporarily increases the amount of income that individuals who are less than the full retirement age may earn without incurring a reduction in their Social Security retirement benefits.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7692 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7692

 To amend title II of the Social Security Act to temporarily increase 
    the monthly exempt amount for 2022 and 2023 for individuals not 
         attaining full retirement age, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 10, 2022

  Mr. Posey introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend title II of the Social Security Act to temporarily increase 
    the monthly exempt amount for 2022 and 2023 for individuals not 
         attaining full retirement age, and for other purposes.

    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 ``Senior Citizens Inflation Relief 
Act''.

SEC. 2. TEMPORARY INCREASE TO EXEMPT AMOUNT.

    (a) Exempt Amount Increased.--Section 203(f)(8) of the Social 
Security Act (42 U.S.C. 403(f)(8)) is amended by adding at the end the 
following:
            ``(F)(i) Notwithstanding any other provision of this 
        subsection, the exempt amount which is applicable to an 
        individual other than an individual described in subparagraph 
        (D) shall be, for each month of any taxable year ending after 
        2021 and before 2024, $2,046.67.
            ``(ii) In determining the exempt amount applicable to an 
        individual other than an individual described in subparagraph 
        (D) for each month of any taxable year ending after 2023 and 
        before 2025, clause (i) of subparagraph (B) shall be applied as 
        if the exempt amount for each month of any taxable year ending 
        after 2021 and before 2024 were determined without regard to 
        clause (i) of this subparagraph.''.
    (b) Conforming Amendments.--Section 203(f)(8)(B) of such Act (42 
U.S.C. 403(f)(8)(B)) is amended, in the matter preceding clause (i)--
            (1) by striking ``subparagraph (D), the exempt'' and 
        inserting ``subparagraphs (D) and (F), the exempt''; and
            (2) by striking ``such subparagraph'' and inserting 
        ``subparagraph (D)''.
    (c) Social Security Trust Funds Held Harmless.--There are 
authorized to be appropriated to the Federal Old-Age and Survivors 
Insurance Trust Fund amounts equal to the increase in expenditures from 
such Trust Fund as a result of the amendments made by this Act.
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