A bill to amend title II of the Social Security Act to increase to $3,000 the annual amount which individuals may earn without suffering deductions from benefits on account of excess earnings, and to lower from 72 to 70 the age after which deductions on account of excess earnings are no longer made.

Increases to $3,000 the annual amount which individuals may earn under title II of the Social Security Act (Old-Age, Survivors, and Disability Insurance) without suffering deductions from benefits on account of excess earnings. Lowers from seventy-two to seventy the age after which deductions on account of excess earnings are no longer made under the Social Security Act.