Both the House and Senate are moving closer to crafting legislation for Social Security reform. Senate Republicans are hoping to move Social Security legislation through the Senate Finance Committee before Congress recesses for the Independence Day holiday in three weeks. The House has continued to hold weekly hearings on Social Security reform and believes it will mark up legislation shortly after the July 4 recess. Republican members of the Senate Finance Committee have been holding weekly meetings on Mondays to discuss policy options, and a Senate GOP Social Security task force has been holding weekly meetings on Wednesdays. The task force includes leadership Republicans, members of the Finance panel, and other lawmakers. White House aides also have been involved in the task force meetings. It is still unclear if the Finance committee bill will include payroll-financed private investment accounts since Chairman Grassley (R-IA) is unclear if enough panel members support such a provision. On the House side, hearings have continued about one per week over the last month, the most recent scheduled for today, June 9. The hearing will focus on two benefit adjustment provisions in current law, the government pension offset and the windfall elimination provision. The two provisions affect Social Security benefits paid to federal, state, and local government employees who contribute to a government pension plan instead of Social Security.