Bipartisan Senators Introduce Promise Act to Save Social Security

A bipartisan group of U.S. Senators led by Dick Durbin, Bill Cassidy, Tim Kaine, and Thom Tillis introduced the Protecting Retirement Opportunities and Maintaining Income Security for Everyone Act, known as the Promise Act. The legislation aims to prevent automatic Social Security benefit cuts of 22 percent that are projected to occur around 2032.

The act is procedural and does not mandate specific tax or benefit changes. Instead, it establishes a formal timetable and process for Congress to develop and vote on a solvency plan. The legislation directs the Social Security Advisory Board to gather public input and draft a framework designed to ensure the trust fund remains solvent for at least 50 years.

To avoid legislative delays, the act limits procedural motions and restricts amendments to issues directly affecting Social Security financing. Under the proposed rules, passing the final solvency plan would require a simple majority in the House of Representatives and 60 votes in the Senate.