PROMISE Act
Coverage of PROMISE Act in the Nexus archive.
- Don’t rush to save Social Security, AARP tells Congress: ‘It should be debated openly — not through an accelerated process’
AARP urges Congress not to expedite the Promise Act, stating it would limit proper debate. The senior-focused organization advocates for open discussion on Social Security reforms.
- Nonprofit that awarded ‘incorrect’ promise grants can keep up to $7 million to run the program
The Neighborhood Development Center (NDC), a nonprofit administering Minnesota's $100 million Promise Act program, is under scrutiny for awarding grants to ineligible businesses. State officials are recovering over $27,000 in misallocated funds, while NDC retains up to $7 million to operate the program. Investigations and audits are ongoing following reports of flawed application reviews.
- Bipartisan group of senators introduces legislation to avert looming Social Security shortfall
A bipartisan group of senators introduced the PROMISE Act to address Social Security's projected 2032 funding shortfall. The legislation aims to establish an independent advisory committee to recommend a solvency plan, ensuring Congress votes on a long-term solution. The shortfall is attributed to lower birth rates, reduced immigration, and revenue losses from recent tax policies.
- Bipartisan group of senators introduces legislation to avert looming Social Security shortfall
A bipartisan group of senators introduced the PROMISE Act to address Social Security's projected 2032 funding shortfall. The legislation aims to create an independent advisory committee to propose solutions, ensuring Congress votes on a solvency plan to restore the program's stability for at least 50 years.
- Bipartisan group of senators introducing legislation to avert looming Social Security shortfall
A bipartisan group of senators is introducing the PROMISE Act to address Social Security's projected 2032 funding shortfall. The legislation proposes an independent advisory committee to develop solvency recommendations, aiming to force Congress to vote on a long-term solution. The shortfall is attributed to lower birth rates, reduced immigration, and revenue impacts from a Republican tax and spending bill.
- Bipartisan group of senators introducing legislation to avert looming Social Security shortfall
A bipartisan group of senators is introducing the PROMISE Act to address Social Security's projected 2032 funding shortfall. The legislation aims to establish an independent advisory committee to recommend solvency solutions and force Congress to vote on a plan to ensure long-term funding. The shortfall is attributed to lower birth rates, reduced immigration, and revenue impacts from a previous tax and spending bill.