Senators Durbin and Cassidy introduce the PROMISE Act to address Social Security solvency | Govbase
Senators Durbin and Cassidy introduce the PROMISE Act to address Social Security solvency
PROMISE Act of 2026·Latest event July 18, 2026
6 hours ago
Senators Durbin and Cassidy introduce the PROMISE Act to address Social Security solvency
The PROMISE Act establishes a special congressional procedure to address the program's long-term financial stability. The legislation tasks the Social Security Advisory Board with creating a plan for full benefit payments. This plan must cover at least the next 50 years. Supporters argue that Congress must act quickly to prevent a projected 22 percent cut to benefits in six years. Senator Cassidy stated he is leading discussions in Congress to protect millions of retirees from potential benefit reductions. The bill seeks to put lawmakers on a strict timeline to preserve the program for current and future generations.
