U.S. Congress legislation · 119th Congress
SB4979: PROMISE Act of 2026
Status: In committee, July 14, 2026
A bill to establish a process to assure the long-term fiscal stability of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.
What the bill says
To establish a process to assure the long-term fiscal stability of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.
From the introduced text, July 14, 2026:
A BILL To establish a process to assure the long-term fiscal stability of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund. SECTION 1. Short title This Act may be cited as the Protecting Retirement Opportunities and Maintaining Income Security for Everyone Act of 2026 or the PROMISE Act of 2026 . SECTION 2. Establishment of process to assure Social Security Solvency Title II of the Social Security Act ( 42 U.S.C. 401 et seq. ) is amended by inserting the following after section 201: SECTION 201A. Establishment of process to assure Social Security solvency (a) Definitions In this section: (1) Long-term solvency The term long-term solvency means the financial ability of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to pay 100 percent of scheduled benefits for a period of at least 50 years that begins on the date of enactment of this section. (2) Social security bill The term Social Security bill means a bill introduced pursuant to subsection (c)(1)(B)(i) or subsection (c)(1)(B)(ii). (b) Social Security Advisory Board (1) In general The Social Security Advisory Board (established under section 703) shall develop recommendations and legislative language to achieve long-term solvency for the Trust Funds. Such legislative language shall not include provisions that do not change …
Sponsors
- Durbin, Richard (D) · primary sponsor
- Cassidy, Bill (R)
- Kaine, Timothy (D)
- Tillis, Thomas (R)
- King, Angus (I)
- Cornyn, John (R)
- Coons, Christopher (D)
- Armstrong, Alan (R)
Latest actions
- : Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3942-3946; text: CR S3943-3946)
- : Introduced in Senate
Subjects: Social Welfare
Common questions
- What is SB4979?
- SB4979 is a bill in Congress (119th Congress): PROMISE Act of 2026.
- What does SB4979 do?
- In its own words: To establish a process to assure the long-term fiscal stability of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.
- What is the status of SB4979?
- In committee as of July 14, 2026. Latest action: Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3942-3946; text: CR S3943-3946) (July 14, 2026).
- Who sponsored SB4979?
- Durbin, Richard (D), with 7 co-sponsors.
- Where is the official record for SB4979?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/4979
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.