H.R. 2999 — To amend title II of the Social Security Act to provide that not more than 10 percent of a monthly benefit may be withheld on account of overpayments.

This section limits the Social Security Administration's withholding from monthly title II (Old-Age, Survivors, and Disability Insurance) benefits to recover overpayments—made without fraud or similar fault on the beneficiary's part—to 10% of the monthly benefit amount (previously subject only to agency policy allowing up to 100%), unless the beneficiary requests a higher rate. The limitation applies to overpayments outstanding on or after the date of enactment.