(Brett Rowland, The Center Square) A bipartisan group of senators introduced legislation that would fast-track a floor vote on Social Security’s looming insolvency, using an independent board to draft a starting plan Congress could no longer easily ignore.
The Protecting Retirement Opportunities and Maintaining Income Security for Everyone, or PROMISE Act, would direct the Social Security Advisory Board to submit a base bill guaranteeing at least 50 years of solvency. Congress would then be forced to debate, amend and vote on it within 100 hours, bypassing the inaction that has left the retirement trust fund six years from depletion.
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