Section 1 Short title
This Act may be cited as the “Save Our Seniors Act” or the “SOS Act”.
Save Our Seniors Act
A BILL
To amend the Congressional Budget and Impoundment Control Act of 1974 to require the Congressional Budget Office to provide to Congress information on payments from the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund, and for other purposes.
Sec. 2 Information on payments from the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund
Section 202(e)(1) of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 602(e)(1)) is amended—
by inserting “(A)” before “On or before February 15”;
by striking “including (A) alternative” and inserting the following: “including—
“(i) alternative”
by striking “deficits), (B) the levels” and inserting the following: “deficits);
“(ii) the levels”
by striking “year, and (C) a statement” and inserting the following: “year; and
“(iii) a statement”
by striking “Such report” and inserting the following:
“(B) Each report under subparagraph (A)”
by adding at the end the following:
“(C) Each report under subparagraph (A) shall include a comparison, expressed in graph format and included with other information in the report on the Old-Age and Survivors Insurance Trust Fund and the Disability Insurance Trust Fund, between—
“(i) the amount assumed under section 257(b)(1) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 907(b)(1)); and
“(ii) outlays from payments from such trust funds based on the assumption that payments would be consistent with the amounts payable from dedicated funding sources as under current law.”