Bill 118 HRES 117, also known as the "Affirming Social Security Act," is a piece of legislation that emphasizes the importance of Social Security as a key source of retirement support for millions of older Americans. The bill recognizes Social Security as one of the primary pillars of retirement security and aims to reaffirm its critical role in providing financial stability for seniors.
The legislation highlights the fact that Social Security benefits are a vital source of income for many older Americans, helping to ensure that they can meet their basic needs and maintain a decent standard of living in retirement. The bill also acknowledges the widespread popularity and bipartisan support for Social Security, emphasizing its importance as a social insurance program that has successfully provided economic security for generations of Americans.
In addition to affirming the importance of Social Security, the bill also aims to address potential threats to the program's long-term sustainability and ensure that it remains a reliable source of retirement support for future generations. By recognizing the significance of Social Security and advocating for its continued strength and viability, the legislation seeks to protect the financial well-being of older Americans and uphold the program's legacy as a cornerstone of retirement security in the United States.
Overall, Bill 118 HRES 117 serves as a reminder of the critical role that Social Security plays in supporting millions of older Americans and underscores the need to safeguard and strengthen the program for the benefit of current and future retirees.