A bill to delay for two months (until October 1, 1982) the effective date of the recently-enacted amendments to title II of the Social Security Act which generally eliminate child's insurance benefits in the case of children over age 18 who are in college; and to extend (through September 1982) the period within which a child must have been already enrolled at the college level in order to fall within the special exception permitting continued payment of such benefits.

Amends the Omnibus Budget Reconciliation Act of 1981 to delay until October 1, 1982, the elimination of child's insurance benefits on the basis of student status under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act for children over age 18 in college. (Currently, the elimination of such benefits applies with respect to benefits for months after July 1982.) Extends until September 30, 1982, (currently April 30, 1982) the period within which an individual must have become a full-time student at a postsecondary educational institution in order to receive child's insurance benefits on the basis of student status under the exception permitted under the Omnibus Budget Reconciliation Act of 1981.