Pipeline · Bill → Law
Step 1
Introduced
Apr 18, 2024
Step 2
Referred
Apr 18, 2024
Finance
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill permits Social Security Disability Insurance (SSDI) beneficiaries to elect expedited payment of benefits in exchange for a reduction in the amount of their monthly benefit. Specifically, the bill allows individuals to elect to receive SSDI benefits beginning the month after the onset of disability. Under current law, individuals generally must wait five months after the onset of disability to begin receiving SSDI benefits. Individuals who opt to receive expedited payment during the first three years the bill is in effect must accept a 6.1% reduction in monthly benefits. At the three-year point and every five years thereafter, the Social Security Administration (SSA) must recalcu...
Timeline · 2 actions
Apr 18, 2024
Introduced in Senate
Apr 18, 2024
Read twice and referred to the Committee on Finance.