US Congress House Bill 4012 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on November 16 2015 - 25% progression, died in committee
Action: 2015-12-03 - Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Pending: House Subcommittee on Disability Assistance and Memorial Affairs Committee
Text: Latest bill text (Introduced) [PDF]

SAVE Benefits Act Seniors And Veterans Emergency Benefits Act This bill directs the Department of the Treasury to disburse a payment equal to 3.9% of the average amount of annual benefits to certain individuals (except prisoners, fugitive felons, or aliens) who are entitled to a specified benefit under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA), an annuity under the Railroad Retirement Act of 1974, a veterans benefit, or are eligible for a cash benefit under SSA title XVI (Supplemental Security Income), including a special benefit for individuals who perform substantial gainful activity despite severe medical impairment. A refundable income tax credit is allowed for the first taxable year beginning in 2015 in an amount equal to $581 for certain eligible government retirees who do not receive such a payment. The Internal Revenue Code is amended, with respect to the $1 million limitation on the deductibility of employee compensation, to: subject to that limitation any compensation payable on a commission basis or upon the attainment of a performance goal; extend the limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; and apply the limitation to all publicly-held corporations required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.

SAVE Benefits Act Seniors And Veterans Emergency Benefits Act

Rep. Alan Grayson [D-FL]

Rep. Steve Cohen [D-TN]

Rep. David Cicilline [D-RI]

Rep. John Garamendi [D-CA]

Date	Chamber	Action
2015-12-03	House	Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
2015-11-17	House	Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
2015-11-16	House	Referred to House Veterans' Affairs
2015-11-16	House	Referred to House Transportation and Infrastructure
2015-11-16	House	Referred to House Ways and Means
2015-11-16	House	Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2015-11-16	House	Referred to the Subcommittee on Social Security.
2015-11-16	House	Introduced in House

SB2251 (Same As) 2015-11-05 - Read twice and referred to the Committee on Finance.
HB4140 (Related) 2015-12-04 - Referred to the Subcommittee on Energy and Power.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/4012/all-info
Text	https://www.congress.gov/114/bills/hr4012/BILLS-114hr4012ih.pdf