PROMISE Act

A bipartisan group of senators introduced the PROMISE Act to address Social Security's projected 2032 funding shortfall. The legislation aims to establish an independent advisory committee to recommend a solvency plan, ensuring Congress votes on a long-term solution. The shortfall is attributed to lower birth rates, reduced immigration, and revenue losses from recent tax policies.

A bipartisan group of senators introduced the PROMISE Act to address Social Security's projected 2032 funding shortfall. The legislation aims to create an independent advisory committee to propose solutions, ensuring Congress votes on a solvency plan to restore the program's stability for at least 50 years.

A bipartisan group of senators is introducing the PROMISE Act to address Social Security's projected 2032 funding shortfall. The legislation proposes an independent advisory committee to develop solvency recommendations, aiming to force Congress to vote on a long-term solution. The shortfall is attributed to lower birth rates, reduced immigration, and revenue impacts from a Republican tax and spending bill.

A bipartisan group of senators is introducing the PROMISE Act to address Social Security's projected 2032 funding shortfall. The legislation aims to establish an independent advisory committee to recommend solvency solutions and force Congress to vote on a plan to ensure long-term funding. The shortfall is attributed to lower birth rates, reduced immigration, and revenue impacts from a previous tax and spending bill.