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Senate Reviews PROMISE Act for 50-Year Social Security Vote

8/11/2026

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Summary

Story summary

The Senate Finance Committee heard the PROMISE Act, a bill introduced by Sen. Dick Durbin (D-Illinois) and Sen. Bill Cassidy (R-Louisiana) to require 50-year Social Security solvency vote.
The bill creates an advisory board, four seats filled, to draft a 50-year plan and would be discharged to the floor.
Board of Trustees warned of a 2032 shortfall, prompting Sen. Bernie Sanders (I-Vermont) to urge rejection, citing 85% support for benefits.

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Story summary

The Senate Finance Committee heard the PROMISE Act, a bill introduced by Sen. Dick Durbin (D-Illinois) and Sen. Bill Cassidy (R-Louisiana) to require 50-year Social Security solvency vote.
The bill creates an advisory board, four seats filled, to draft a 50-year plan and would be discharged to the floor.
Board of Trustees warned of a 2032 shortfall, prompting Sen. Bernie Sanders (I-Vermont) to urge rejection, citing 85% support for benefits.