President Trump appointed Frank Bisignano to lead the Social Security Administration (SSA), with the Senate confirming him in May 2025. Bisignano, the former CEO of financial technology company Fiserv, was selected to modernize the agency and later given an additional role as CEO of the IRS.
Washington, D.C. – Today, the President signed into law the Social Security Fairness Act (SSFA), bipartisan legislation authored by U.S. Senators Susan Collins and Sherrod Brown (D-OH). Senator Collins attended the bill signing ceremony at the invitation of the White House.
Bush financed income tax cuts and the Iraq war by plundering money from Social Security.
The New Deal not only put millions of Americans back to work to rebuild the country and economy, but it also passed legislation to aid those workers and their families permanently — most famously of all, with the Social Security Act, signed into law by President Roosevelt 90 years ago.
Commissioner Frank J. Bisignano. Frank J. Bisignano currently serves as the 18th Senate-confirmed Commissioner of the U.S. Social Security Administration (SSA).
In December 2024, president-elect Donald Trump named Bisignano as his nominee for commissioner of the Social Security Administration. He appeared before the Senate Committee on Finance in March 2025. The committee voted to confirm Bisignano the following month. The Senate confirmed Bisignano in May.
The bill was passed in the house on April 1935 with 372 to 33 votes, with a majority of Democrats voting in favor of the bill. In the Senate, the bill was passed in June 1935 by a vote of 77 against 6, with a majority of Democrats voting in favor of the bill.
Although many of the programs base benefit amounts and eligibility to work history, there are some instances where a person who has never worked can collect benefits. One program that provides benefits to people, not based on their work history, is Supplemental Security Income (SSI).
February 2005 – Republican President George W. Bush outlined a major initiative to reform Social Security which included partial privatization of the system, personal Social Security accounts, and options to permit Americans to divert a portion of their Social Security tax (FICA) into secured investments.
On January 5, 2025, President Biden signed the Social Security Fairness Act into law, legislation that will repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).
President Franklin Roosevelt would choose the social insurance approach as the "cornerstone" of his attempts to deal with the problem of economic security.
The short answer is yes. Under the current law, an individual's wealth or current income level has no impact on their eligibility to receive a Social Security retirement benefit. In other words, even if you have $10 billion in assets, you could qualify for Social Security as long as you meet the requirements.
On January 4, 2025, President Biden signed the Social Security Fairness Act into law. This bill is a big win for Ohio seniors and marks the first expansion of Social Security benefits in decades, ending two harmful provisions that had unfairly reduced benefits for millions of former public employees.
President Reagan signed major bipartisan Social Security reforms in 1983, primarily to address funding shortfalls, which included making some benefits taxable, gradually raising the full retirement age to 67, and accelerating payroll tax increases; he also signed legislation restoring minimum benefits and increasing penalties for misuse of Social Security numbers.
The Social Security Act was enacted August 14, 1935. The Act was drafted during President Franklin D. Roosevelt's first term by the President's Committee on Economic Security, under Frances Perkins, and passed by Congress as part of the New Deal.
Your Social Security benefit could increase significantly under the Social Security Fairness Act, depending on your work history, with estimates showing average boosts of around $360/month (WEP-affected) to $1,190/month (GPO-affected), plus retroactive lump-sum payments back to January 2024, as the Act repealed the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) for many public servants. The exact amount varies, from small increases to over $1,000 monthly, impacting those with non-Social Security pensions, and you should receive a notice from the SSA.