Key facts
- SSA Commissioner Frank J. Bisignano will testify before the House Ways and Means Committee.
Social Security Administration Commissioner Frank J. Bisignano will testify before the House Ways and Means Committee on agency oversight. The hearing follows the release of a report indicating the OASI Trust Fund can pay 100 percent of scheduled benefits until late 2032.
The testimony and the SSA's financial projections are crucial for understanding the long-term solvency of Social Security, a vital program for millions of Americans, and potential policy responses to ensure its sustainability.
Social Security Administration (SSA) Commissioner Frank J. Bisignano is set to testify before the House Ways and Means Committee on Wednesday morning regarding the agency's oversight. The hearing follows the release of the SSA's annual report, which projects that the Old-Age and Survivors Insurance (OASI) Trust Fund will be able to cover 100 percent of its scheduled benefits through the fourth quarter of 2032. This forecast represents an improvement from last year's projections, which anticipated this capability for one quarter less.
The testimony also occurs in the context of recent policy initiatives, including the launch of investment accounts for children by the Trump administration and an executive order signed by President Trump earlier this year aimed at expanding retirement benefits. The hearing is scheduled to commence at 10 a.m. EDT.
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