Bipartisan group looks to overhaul Social Security and help save it from financial ruin
- A bipartisan group of senators is mounting a new effort to reform Social Security as the public benefits program faces a looming insolvency crisis.
- Last month, Senator Dick Durbin, an Illinois Democrat, introduced the PROMISE Act alongside seven centrist co-sponsors, including Republican Senators Bill Cassidy (R-LA), Thom Tillis (R-NC) and Democrat Chris Coons (D-DE).
- The legislation would direct the Social Security Advisory Board, an independent bipartisan committee, to draft and send to Congress a bill that would keep Social Security Trust Funds solvent for at least the next 50 years.
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- A bipartisan group of senators is mounting a new effort to reform Social Security as the public benefits program faces a looming insolvency crisis.
- Last month, Senator Dick Durbin, an Illinois Democrat, introduced the PROMISE Act alongside seven centrist co-sponsors, including Republican Senators Bill Cassidy (R-LA), Thom Tillis (R-NC) and Democrat Chris Coons (D-DE).
- The legislation would direct the Social Security Advisory Board, an independent bipartisan committee, to draft and send to Congress a bill that would keep Social Security Trust Funds solvent for at least the next 50 years.
Sources: The Independent