Section 1. Short title
This Act may be cited as the ____ Act.
(a) In general
Section 202(d)(7) of the Social Security Act (42 U.S.C. 407(d)) is amended by adding at the end the following:
(E) No child aged 18 years or older shall be considered a full-time elementary or secondary school student for any month of a taxable year if being so considered would entitle such child to a benefit under this subsection on the basis of the wages and self-employment income of an individual who—
(i) is entitled to old-age or disability insurance benefits,
(ii) is 67 years of age or older, and
(iii) has more than $125,000 of earnings for such taxable year as computed under section 203(f)(5)(A).
(b) Effective date
The amendment made by this Act shall apply to with respect to benefits paid for any month beginning after the date of enactment of this Act.