Protecting Our Widows and Widowers in Retirement (POWR) Act
12/31/2022, 5:04 AMSummary of Bill HR 4851
Bill 117 HR 4851, also known as the Protecting Our Widows and Widowers in Retirement (POWR) Act, aims to provide additional financial support and protections for widows and widowers in retirement. The bill seeks to address the financial challenges faced by individuals who have lost their spouse and are navigating retirement on a single income.The POWR Act includes provisions to increase Social Security benefits for surviving spouses, ensuring that they receive a fair and adequate amount of support to maintain their standard of living. Additionally, the bill aims to improve access to retirement savings and investment options for widows and widowers, helping them secure their financial future.
Furthermore, the POWR Act includes measures to protect widows and widowers from financial exploitation and fraud, ensuring that they are not taken advantage of during a vulnerable time in their lives. The bill also seeks to provide resources and support services to help widows and widowers navigate the complexities of retirement planning and financial management. Overall, the POWR Act is designed to provide much-needed support and protections for widows and widowers in retirement, helping them secure their financial well-being and ensuring that they can live comfortably and independently in their later years.
Congressional Summary of HR 4851
Protecting Our Widows and Widowers in Retirement (POWR) Act
This bill increases Social Security benefits for widows or widowers in two-income households by establishing an alternative method to calculate survivors benefits based on combined household benefit amounts.
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Current Status of Bill HR 4851
Bill HR 4851 is currently in the status of Bill Introduced since July 29, 2021. Bill HR 4851 was introduced during Congress 117 and was introduced to the House on July 29, 2021. Bill HR 4851's most recent activity was Referred to the Subcommittee on Social Security. as of July 29, 2021Bipartisan Support of Bill HR 4851
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
14Democrat Cosponsors
14Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4851
Primary Policy Focus
Social WelfareAlternate Title(s) of Bill HR 4851
To amend title II of the Social Security Act to improve social security benefits for widows and widowers in two-income households.Protecting Our Widows and Widowers in Retirement (POWR) ActProtecting Our Widows and Widowers in Retirement (POWR) ActComments
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Sponsors and Cosponsors of HR 4851
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