H.R. 5306: Know Your Social Security Act

CBO Score

$815 million

Date of Report

Thu February 13th, 2020

CBO Report Details

Legislation Details

116th Congress

To amend title XI of the Social Security Act to clarify the mailing requirement relating to social security account statements.

Sponsor: Rep. John Larson — D — CT

Requires the Social Security Administration (SSA) to mail paper statements to all eligible people who are age 25 or older unless they have elected not to receive such notifications. Statements would detail the amount of a recipient’s current Social Security retirement or disability benefits and the amount to which dependents would be entitled. Under current law, SSA mails annual statements to people who are 60 or older, who have not started claiming benefits, and who do not have an online account with SSA. SSA estimates that it will spend $7 million in fiscal year 2020 to deliver 14 million such statements.

View the full vote history of this bill on GovTrack.us.

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