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Read. Follow. Verify.Hearing on the Financial Status of Social Security Trust Funds
Record date · January 1, 2019
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What This Bill Does
This document is the official record and advisory for a 2017 House Subcommittee hearing regarng the long-term financial of the Social Security Old-Age and Survivors Insurance () and Disability Insurance (DI) trust funds. The hearing examined the potential impacts of delaying legislative action to address the projected insolvency of these funds.
The hearing addresses the long-term financial stability of the Social Security program, which provides retirement and sability benefits to millions of Americans, by reviewing actuarial data on when trust fund reserves may be exhausted.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Social Security beneficiaries
The solvency of the trust funds directly impacts the long-term availability and funding levels of retirement and disability benefits.
U.S. taxpayers
Taxpayers fund the Social Security system through payroll taxes, which are subject to legislative changes based on trust fund solvency.
Key Facts
- The hearing was held on July 14, 2017, in the Rayburn House Office Building.
- The hearing focused on the Federal Old-Age and Survivors Insurance (OASI) and Federal Disability Insurance (DI) Trust Funds.
- The primary witness was Stephen C. Goss, Chief Actuary of the Social Security Administration.
- The Subcommittee accepted written submissions for the record from the public until July 28, 2017.
Show all 6 facts
- Written submissions were limited to a maximum of 10 pages and required Word document format.
- The hearing was conducted by the Subcommittee on Social Security under the House Committee on Ways and Means.
Frequently Asked Questions
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News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Focus on Delay Costs
The hearing specifically framed the discussion around the 'effects of delaying action,' signaling a legislative focus on the urgency of reform.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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