Cassidy Presents Plan to Save Social Security, Protect Benefits at Budget Hearing

Senate Committee on Health, Education, Labor, and Pensions · March 25, 2026

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Opening remarks and acknowledgments

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A lawmaker thanked Chairman Graham, Ranking Member Merkley and colleagues for the hearing and praised opening statements, framing the day as addressing Social Security's long-term effects on all future retirees.

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A lawmaker addressed the Senate committee about Social Security solvency, warning of large projected shortfalls and proposing a $1.5 trillion prefunded, diversified investment vehicle held in escrow to reduce future benefit cuts.

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