Social Security Guarantee Act of 2023

HR 521, the Social Security Guarantee Act of 2023, requires the Treasury Secretary to issue a legally binding certificate to every Social Security beneficiary within 90 days of the bill's enactment. This certificate guarantees the exact monthly benefit amount the recipient is entitled to under current law and ensures annual cost-of-living adjustments (COLAs) are calculated accurately based on actual inflation. The certificate creates a direct federal obligation to pay these guaranteed benefits, making them budget authority independent of future appropriations. It directly affects all current and future Social Security beneficiaries under Title II of the Social Security Act.