PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Congressional Research Service
Version 00 · Introduced in House · Nov 16, 2015
Seniors And Veterans Emergency Benefits Act or the SAVE Benefits Act
This bill directs the Department of the Treasury to disburse a payment equal to 3.9% of the average amount of annual benefits to certain individuals (except prisoners, fugitive felons, or aliens) who are entitled to a specified benefit under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA), an annuity under the Railroad Retirement Act of 1974, a veterans benefit, or are eligible for a cash benefit under SSA title XVI (Supplemental Security Income), including a special benefit for individuals who perform substantial gainful activity despite severe medical impairment.
A refundable income tax credit is allowed for the first taxable year beginning in 2015 in an amount equal to $581 for certain eligible government retirees who do not receive such a payment.
Showing the opening paragraphs of the official summary.
The Internal Revenue Code is amended, with respect to the $1 million limitation on the deductibility of employee compensation, to:
subject to that limitation any compensation payable on a commission basis or upon the attainment of a performance goal;
extend the limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; and
apply the limitation to all publicly-held corporations required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.
People & committees
Rep. Grayson, Alan [D-FL-9] · D–FL
Legislative record
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Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Social Security.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Jan 13, 2026. Consult Congress.gov for the current record.
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