A bill to amend title II of the Social Security Act to increase to $3,000 the amount of outside earnings permitted each year without deductions from benefits thereunder and to reduce from 72 to 70 the age at which these deductions will cease to be made from benefits based on such individual's wage record.

Increases to $3,000 the amount of outside earnings permitted each year without deductions from benefits under title II of the Social Security Act (Old Age, Survivors, and Disability Insurance). Reduces from 72 to 70 the age at which these deductions will cease to be made from benefits based on such individuals's wage record.