S. 424

Protect Our Seniors Act

Latest

II

Calendar No. 16

118th CONGRESS

1st Session

S. 424

IN THE SENATE OF THE UNITED STATES

February 14, 2023

Mr. Scott of Florida introduced the following bill; which was read the first time

February 15, 2023

Read the second time and placed on the calendar

A BILL

To protect the seniors of the United States, and for other purposes.

1.

Short title

This Act may be cited as the Protect Our Seniors Act.

2.

Rescission of certain funds for enhanced Internal Revenue Service resources

(a)

Rescission

Effective on the date of enactment of this Act, the unobligated balances of the amounts made available under the following provisions of Public Law 117–169 are rescinded:

(1)

Internal Revenue Service enforcement funds

Section 10301(1)(A)(ii).

(2)

Internal Revenue Service operations support

Section 10301(1)(A)(iii).

(b)

Transfer of funds to Social Security and Medicare trust funds

(1)

Federal Old Age and Survivors Insurance Trust Fund

There is hereby appropriated to the Federal Old-Age and Survivors Insurance Trust Fund established under section 201(a) of the Social Security Act (42 U.S.C. 401(a)) an amount equal to 50 percent of the amount rescinded under subsection (a).

(2)

Federal Hospital Insurance Trust Fund

There is hereby appropriated to the Federal Hospital Insurance Trust Fund established section 1817 of the Social Security Act (42 U.S.C. 1395i) under an amount equal to 50 percent of the amount rescinded under subsection (a).

3.

Point of order for reductions in Medicare and Social Security benefits

Section 301 of the Congressional Budget Act of 1974 (2 U.S.C. 632) is amended by adding at the end the following:

(j)

Medicare and Social Security point of order

(1)

In general

It shall not be in order in the Senate to consider any bill or resolution (or amendment, motion, or conference report on that bill or resolution) that would reduce benefits under the Medicare program under title XVIII of the Social Security Act (42 U.S.C. 1395 et seq.) or benefits payable under title II of that Act (42 U.S.C. 401 et seq.).

(2)

Waiver

Paragraph (1) may be waived or suspended in the Senate only by the affirmative vote of two-thirds of the Members, duly chosen and sworn.

.

4.

Medicare point of order

Section 301 of the Congressional Budget Act of 1974 (2 U.S.C. 632), as amended by section 3, is further amended by adding at the end the following:

(k)

Medicare point of order

(1)

In general

It shall not be in order in the Senate to consider any bill or resolution (or amendment, motion, or conference report on that bill or resolution) for which the total budgetary effects of the measure, as determined by the Congressional Budget Office, use a decrease in outlays, or an increase in revenue, under the health insurance programs under title XVIII of the Social Security Act (42 U.S.C. 1395 et seq.) to offset a cost of a provision of the measure that is not for the purpose of carrying out those programs.

(2)

Waiver

Paragraph (1) may be waived or suspended in the Senate only by the affirmative vote of two-thirds of the Members, duly chosen and sworn. An affirmative vote of two-thirds of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under paragraph (1).

.

February 15, 2023

Read the second time and placed on the calendar