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Retirement and Income Security Enhancements (RAISE) Act
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vs 3,548 other S bills in the 114th — cohort avg 43d
Retirement and Income Security Enhancements (RAISE) Act Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to entitle divorced spouses to OASDI benefits after 5 (currently 10) years of marriage. Makes the monthly divorced spouse's benefits equal to one-half of the former spouse's primary insurance amount, reduced 10% for each year less than 10 the individual was married to the former spouse. Revises the widow's or widower's insurance benefit for any month to equal the greater of: (1) the primary insurance amount of a deceased individual (as under current law); or (2) in the case of a fully-insured widow or surviving divorced spouse, 75% of the sum of any old-age or disability insurance benefit to which the widow, widower, or surviving divorced spouse is entitled plus the primary insurance amount of the deceased individual. Reduces a widow's or widower's insurance benefits for any month if that individual is also entitled to an old age or disability insurance benefit greater than the widow's or widower's insurance benefit. Sets the benefit in such a case at the level of the primary insurance amount of the deceased individual. Amends SSA title II and the Railroad Retirement Act of 1974 to extend benefits for full-time students up to age 23 (currently age 19) who are enrolled at an educational institution. Amends the Internal Revenue Code to impose an OASDI surtax of: (1) 2% on an employee's income over $400,000 and 2% on the employer, and (2) 4% on an individual's self-employment income over $400,000. Adjusts the $400,0000 threshold each year according to a specified indexing formula. Amends the Railroad Retirement Act of 1974 to apply a similar 2% additional tier 1 tax on railroad employees earning over $400,000 as well as 2% on their railroad employers. Imposes a 4% additional tier 1 tax on representatives of railroad employees earning over $400,000. Specifies a formula to index the $400,000 annually after 2015. Amends SSA title II to: (1) include 2% of the individual's surplus average indexed monthly earnings (AIME) in OASDI primary insurance amounts; and (2) prescribe a formula for computing an individual's surplus AIME that accounts for the total of the individual's additional wages paid in and additional self-employment income credited to the benefit computation year, up to $500,000, indexed after 2015 according to a specified formula.
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Filing registrants (1)
H. Res 393:Social Security Expansion/Resolution H.R. 3967: Student Debt/social security: garnished wage S. 2090/H.R. 3621: Social security Earned Payment Act S. 1922/H.R. 2136: Improving the quality of DI Act S. 2251/H.R. 4144: SAVE Benefits Act H.R. 3747: Social Security garnishment modernization Budget Bill; social security disability insurance S. 2387: Protection of Social Security benefits Restoration Act Social Security Administration Community Outreach S. 2293: RAISE Act S. 753: Social Security and Marriage Equity Act
Client expense: $740,000 · Firm income: Not reported
Read twice and referred to the Committee on Finance.
Introduced in Senate
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Sources: Congress.gov
Government targets: Defense, Dept of (DOD), Election Assistance Commission (EAC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
H. Res 393:Social Security Expansion/Resolution H.R. 3967: Student Debt/social security: garnished wage S. 2090/H.R. 3621: Social security Earned Payment Act S. 1922/H.R. 2136: Improving the quality of DI Act S. 2251/H.R. 4144: SAVE Benefits Act H.R. 3747: Social Security garnishment modernization Budget Bill; social security disability insurance S. 2387: Protection of Social Security benefits Restoration Act Social Security Administration Community Outreach S. 2293: RAISE Act S. 753: Social Security and Marriage Equity Act
Client expense: $740,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Election Assistance Commission (EAC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
H. Res 393:Social Security Expansion/Resolution H.R. 3967: Student Debt/social security: garnished wage S. 2090/H.R. 3621: Social security Earned Payment Act S. 1922/H.R. 2136: Improving the quality of DI Act S. 2251/H.R. 4144: SAVE Benefits Act H.R. 3747: Social Security garnishment modernization Budget Bill; social security disability insurance S. 2387: Protection of Social Security benefits Restoration Act Social Security Administration Community Outreach S. 2293: RAISE Act S. 753: Social Security and Marriage Equity Act
Client expense: $740,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Election Assistance Commission (EAC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office