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[POLITICS] · United States · 5 sources

U.S. Congress pushes bill to force Social Security reform before 2032 cuts

A bipartisan proposal known as the Protecting Retirement Opportunities and Maintaining Income Security for Everyone Act, or the Promise Act, would require Congress to develop and vote on a Social Security reform plan before the projected 22% benefit cut that would occur when the program’s trust fund is projected to be exhausted in 2032. The legislation creates a formal timetable, directs the nonpartisan Social Security Advisory Board to hold public listening sessions and draft a reform framework, and limits procedural moves that could stall the process. In the Senate, the bill would need a 60‑vote threshold, while a simple majority would suffice in the House.

Supporters argue the bill forces action on a looming shortfall that affects millions of retirees, while critics such as AARP warn against fast‑tracking changes and bypassing standard committee review. The proposal does not specify the exact reforms—tax increases, benefit adjustments, or eligibility changes—but seeks to ensure a structured debate and vote on how to keep the Social Security trust fund solvent for at least the next five decades.

Entities: AARP · Promise Act · Social Security · Social Security Advisory Board · U.S. Congress