Rep. Ryan Proposes New Social Security Bill
- Rep. Ryan announces a new Social Security Solvency Bill in Newburgh.
- The bill aims to address the financial stability of the Social Security program.
- Rep. Ryan's proposal in the legislation realm focuses on securing Social Security funding.
On August 15, Congressman Pat Ryan (D-N.Y.) unveiled a new bill aimed at tackling the impending bankruptcy of Social Security funds during a press conference in Newburgh. Citing a May report from the Social Security Board of Trustees, Ryan highlighted that two key funds supporting seniors, survivors, and disabled individuals are projected to deplete by 2035. He emphasized the urgency of the situation, stating, “There is going to be a debate—and it has to come very soon—about how we bring more revenue into the system.” Ryan's proposal aligns with President Joe Biden's approach, focusing on ensuring that those already facing financial hardships are not burdened further. He represents New York's 18th Congressional District, which includes parts of Orange, Ulster, and Dutchess counties, and is home to over 104,000 seniors and thousands of other beneficiaries reliant on Social Security. His bill, H.R. 9341, seeks to generate new revenue from ultra-wealthy individuals and corporations, although specific funding mechanisms were not detailed. The press conference featured endorsements from local leaders, including New York state Sen. Rob Rolison and Newburgh Mayor Torrance Harvey, who expressed support for Ryan's initiative. Since taking office in 2022, Ryan has implemented a mobile constituent service program, CARES, to assist residents in navigating federal agencies. As he prepares for the upcoming election against Republican challenger Alison Esposito, Ryan's focus remains on safeguarding Social Security for his constituents.