OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Promise Act of 2026

Floor Speech

By: Ron Wyden
By: Ron Wyden
Date: July 22, 2026
Location: Washington, DC

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Mr. WYDEN. Mr. President, I am announcing my intention to object to any unanimous consent request to proceed to S. 4979, the PROMISE Act of 2026.

I support my colleagues' efforts to address one of the most pressing issues for Americans: the future of Social Security. However, this bill creates a fast-track process to change Social Security in just 5 months, limiting the public's ability to participate and provide input on the future of their earned benefits.

This bill would direct the Social Security Advisory Board to produce a legislative proposal that extends Social Security's financing at least 50 years in less than 2 months. The Social Security Advisory Board is a seven-member advisory body appointed by Congress and the President to provide advice and recommendations of matters related to the Social Security and Supplemental Security Income programs and policies.

Producing a solvency proposal in such a short timeframe would be a herculean task for an Agency with hundreds of employees. However, Trump, Russ Vought, and DOGE's crusade against career civil servants has slashed the Board's staff down to three full-time employees.

Following the Board's work, Congress would have to deliberate and pass a bill during a lameduck session with limited opportunities to amend the proposal. In contrast, the 1983 Social Security solvency reform package--the last comprehensive solvency bill passed by Congress--was the culmination of 2 years of debate, dozens of days of hearings and markups, hundreds of amendments in committee and on the floor, and a full conference committee to further amend the bill. Limiting debate in the open pushes debate behind closed doors.

Finally, the Finance Committee has not had an opportunity to hold a hearing on the legislation or the underlying policy issue. It is premature for the full Senate to debate this legislation.

The solution to addressing Social Security's solvency challenges is to address Social Security's solvency challenges. Democrats have put forward several proposals that would strengthen Social Security's finances and extend the program's funding into the next century. Republicans have yet to put forward a single proposal.

For these reasons, I will object to any unanimous consent request in relation to this legislation.

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