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Search Results: keywords:"financial losses"

  • H. R. 2142, titled the “Social Security Overpayment Relief Act,” proposes changes to the Social Security Act. It aims to prohibit the recovery of overpaid benefits under titles II and XVI if the overpayment was discovered 10 or more years after it occurred. The bill was...

    Simple Explanation

    The Social Security Overpayment Relief Act is a rule that says if the government finds out they gave too much money to someone by accident, they can't ask for it back if it happened more than 10 years ago.

  • H. RES. 1201 is a resolution that supports designating May 9, 2024, as "National Scam Survivor Day." It aims to raise awareness about the growing number of scams affecting Americans and promotes increasing public knowledge and resources to help prevent these scams. The...

    Simple Explanation

    H. RES. 1201 wants to make May 9, 2024, a special day called "National Scam Survivor Day," where people learn more about scams that trick people out of their money and how to stay safe from them. This special day encourages different groups to work together to help and protect people from getting scammed in the future.

  • The bill, S. 1023, proposes an amendment to the Social Security Act to limit the time frame for recovering overpayments under titles II and XVI to 10 years. Specifically, it states that if more than the correct amount has been paid, the U.S. government cannot adjust payments or recover...

    Simple Explanation

    The bill wants to change a rule so that if the government accidentally gives someone extra money from Social Security, they only have 10 years to ask for it back. After 10 years, they can't take the extra money back, even if they find out later.