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H.R. 46 (116th): Social Security Safety Dividend Act of 2019

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jan 3, 2019.

Social Security Safety Dividend Act of 2019

This bill directs the Department of the Treasury to disburse to recipients of Social Security benefits or certain other federal benefits a $250 payment in years where no cost-of-living adjustment (COLA) is made.

Individuals entitled to more than one such benefit shall receive only one $250 payment in a non-COLA year. A non-COLA payment shall not be counted as income for determining eligibility for federal assistance or for taxation purposes.