Social Security May Get an Overhaul Under New Senate Bill: Here’s What to Know

The Senate this week will attempt to pass legislation designed to provide full Social Security benefits to millions of American retirees.
Senators are due to schedule a test vote on the bill on Wednesday, Senate Majority Leader Chuck Schumer (D-N.Y.) has said. The measure will need 60 votes or more to clear the procedure before moving to its final passage.
The bill, the Social Security Fairness Act, has 62 sponsors, and a similar bill was passed several weeks ago in the House of Representatives with bipartisan support. The Senate bill, in the meantime, also has significant bipartisan support.
The House bill, the Social Security Fairness Act, passed the lower chamber in November by a 327–75 vote….