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H.R. 860: Social Security 2100 Act

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About the bill

The last time Social Security was truly reformed took place with a Democratic House and a Republican president, so could that happen again now?

Context

Social Security’s costs are projected to overtake its expenses starting next year, in 2020. Worse still, the program is projected to become entirely insolvent — meaning they essentially won’t have any money left to pay out benefits at all — in 2035. (See page 5 in that PDF link.)

(Although at least it’s actually in better shape than Medicare, which is projected to go insolvent even sooner: in 2024.)

Many say Social Security is heading towards the abyss because it hasn’t been fundamentally reformed since 1983. Then, a Democratic-led House and a Republican President Ronald Reagan joined forces to change the payment system ...

Sponsor and status

Photo of sponsor John Larson

John Larson

Sponsor. Representative for Connecticut's 1st congressional district. Democrat.

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Last Updated: Jan 30, 2019
Length: 43 pages
Introduced
Jan 30, 2019
116th Congress (2019–2021)
Status

Introduced on Jan 30, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on January 30, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
3% chance of being enacted according to Skopos Labs (details)
Source
Congress.gov

Position statements

What legislators are saying

“Larson: Social Security Expansion is Needed to Help the Most Vulnerable”
    — Rep. John Larson [D-CT1] (Sponsor) on May 4, 2020

“Thompson, Larson meet with Costa County County Social Security Leaders”
    — Rep. Mike Thompson [D-CA5] (Co-sponsor) on Apr 25, 2019

“District Connection - 10/15/19”
    — Rep. Rob Woodall [R-GA7] on Oct 15, 2019

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates H.R. 860 will add $385.9 billion in new spending through 2029.

History

Jul 31, 2014
 
Earlier Version — Introduced

This activity took place on a related bill, H.R. 5306 (113th).
Mar 17, 2015
 
Earlier Version — Introduced

This activity took place on a related bill, H.R. 1391 (114th).
Apr 5, 2017
 
Earlier Version — Introduced

This activity took place on a related bill, H.R. 1902 (115th).
Jan 30, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

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If this bill has further action, the following steps may occur next:
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Passed Committee

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Passed House

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Passed Senate

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Signed by the President

H.R. 860 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 860. This is the one from the 116th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 860 — 116th Congress: Social Security 2100 Act.” www.GovTrack.us. 2019. October 23, 2020 <https://www.govtrack.us/congress/bills/116/hr860>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.