United States 119th Congress Status: In Committee 3 D cosponsors

S 2614 — Protecting and Preserving Social Security Act

Last action — Read twice and referred to the Committee on Finance.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced July 31, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 20% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 D).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill eliminates the earnings cap for Social Security taxes and adjusts benefit calculations.

This bill phases out the cap on earnings subject to Social Security taxes by 2031 and updates benefit calculations, considering earnings above the previous cap. It also revises cost-of-living adjustments for benefits to reflect the spending habits of those aged 62 and older.

What this means for you
  • Workers: This means that higher earners will pay additional Social Security taxes, potentially impacting their future benefits.
  • Families: Families relying on Social Security benefits may see changes in benefit calculations that account for their cost of living.

Summary

Protecting and Preserving Social Security ActThis bill eliminates the cap on income subject to Social Security taxes and revises methods for calculating various aspects of Social Security benefits.Under current law, Social Security has a taxable maximum, which refers to the maximum amount of a worker's earnings that are subject to Social Security payroll taxes (set at $176,100 in 2025). The taxable maximum also serves as the maximum amount of earnings used to calculate a worker's Social Security benefits.This bill phases out the taxable maximum so as to apply payroll taxes to all earnings after 2031, and revises the method used to calculate a worker’s Social Security benefits to account for earnings in excess of the taxable maximum.The bill also revises the method of calculating cost-of-living adjustments to Social Security benefits to reflect the spending habits of individuals over the age of 62. An increase in Social Security benefits resulting from this change may not be treated as income for purposes of determining eligibility for, or the amount of assistance provided under, the Medicaid or Supplemental Security Income programs.

Bill Text

How this bill changes current law

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Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends existing law to establish a new Consumer Price Index for Elderly Consumers and modifies how earnings above contribution and benefit bases are calculated for Social Security benefits, while also changing the benefit formula to include surplus earnings.

  • 42 U.S.C. 415(i)(1)

    the term `Consumer Price Index' means the Consumer Price Index for Elderly Consumers (CPI-E, as published by the Bureau of Labor Statistics of the Department of Labor).

    Establishes a new Consumer Price Index specifically for elderly consumers.

  • 42 U.S.C. 415(i)(1)

    the term `Consumer Price Index' means the Consumer Price Index for Elderly Consumers (CPI-E, as published by the Bureau of Labor Statistics of the Department of Labor).

    Applies the new Consumer Price Index for Elderly Consumers retroactively to certain laws.

  • 42 U.S.C. 409

    in subparagraph (I) by inserting "and before 2026" after "1974"; and by inserting "and" after the semicolon; → in subparagraph (J) The applicable percentage (determined under subsection (l)) of that part of remuneration which, after remuneration [...] is paid to such individual during such calendar year;

    Modifies the definition of wages to include an applicable percentage for remuneration above a certain base starting from 2026.

  • 42 U.S.C. 411

    in paragraph (1)(I) by striking "or" after the semicolon; and by inserting "and before 2026" after "1974"; → For any taxable year beginning in any calendar year after 2025, an amount equal to the applicable percentage (as determined under subsection (l)) of that part of net earnings from self-employment which is in excess of [...] the amount of the wages paid to such individual during such taxable year;

    Changes how self-employment income is calculated to include a percentage of earnings above a certain threshold after 2025.

  • 42 U.S.C. 415(a)(1)(A)

    by inserting `basic' before `average indexed monthly earnings' each place it appears;

    Specifies that the calculation of primary insurance amounts will now include basic average indexed monthly earnings.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 544 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (544)

544 members have not signed on to this bill.

Show all 544 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

public-safety finance healthcare labor
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Frequently asked questions

What does S 2614 do?
Protecting and Preserving Social Security ActThis bill eliminates the cap on income subject to Social Security taxes and revises methods for calculating various aspects of Social Security benefits.Under current law, Social Security has a taxable maximum, which refers to the maximum amount of a worker's earnings that are subject to Social Security payroll taxes (set at $176,100 in 2025). The taxable maximum also serves as the maximum amount of earnings used to calculate a worker's Social Security benefits.This bill phases out the taxable maximum so as to apply payroll taxes to all earnings after 2031, and revises the method used to calculate a worker’s Social Security benefits to account for earnings in excess of the taxable maximum.The bill also revises the method of calculating cost-of-living adjustments to Social Security benefits to reflect the spending habits of individuals over the age of 62. An increase in Social Security benefits resulting from this change may not be treated as income for purposes of determining eligibility for, or the amount of assistance provided under, the Medicaid or Supplemental Security Income programs.
Who sponsors S 2614?
S 2614 is sponsored by Hirono, Mazie K. (Democratic), Smith, Tina (Democratic), and Merkley, Jeff (Democratic).
What is the current status of S 2614?
This bill is in committee in the Senate. Introduced July 31, 2025. It must pass committee before a floor vote.
Where can I track S 2614?
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