PlainBillCongress, translated.Legislation. Context. Public interest.Committed to Senate Committee on Finance pursuant to Section 312(b) of the Congressional Budget Act.
Congressional Research Service
Version 00 · Introduced in Senate · Oct 31, 1995
Senior Citizens' Freedom to Work Act - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to increase the monthly exempt amount, under the earnings test, for individuals who have attained retirement age. Sets forth the schedule of monthly adjustments increasing from $1,208 for taxable year 1996 to $2,500 for taxable year 2002. Subjects such increased amounts to current law cost-of-living adjustments after 2002. Requires the Managing Trustee of the Federal Old-Age and Survivors Insurance Trust Fund to increase by a specified percentage per year the rate of interest borne by public-debt obligations issued for purchase by the OASDI trust funds between September 30, 1995, and October 1, 2002. Provides that each nonexempt account within the discretionary spending category for each of FY 1996 through 2002 shall be reduced, if necessary, by the uniform percentage necessary to offset the Federal Old-Age and Survivors Insurance Trust Fund shortfall resulting from the amendments of this Act increasing the monthly exempt amount. Directs the Comptroller General to analyze and report to the Congress on the dynamic effect of the revision of the social security earnings limit made by this Act and a calculation of its true effect on the Federal budget.
People & committees
Sen. McCain, John [R-AZ] · R–AZ
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Committed to Senate Committee on Finance pursuant to Section 312(b) of the Congressional Budget Act.
Motion to waive the Budget Act with respect to the measure rejected in Senate by Yea-Nay Vote. 53-42. Record Vote No: 562.
Senate roll call 562 · Individual votesPoint of order under section 302(f) of the Budget Act against the measure raised in Senate. (consideration: CR S16589)
Measure laid before Senate. (consideration: CR S16575-16589)
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 219.
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Introduced in Senate
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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