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US HR1553

US HR1553
Fair COLA for Seniors Act


summary

Introduced
03/06/2019
In Committee
03/29/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Bases cost-of-living adjustments on a price index that tracks the spending patterns of older consumers for specified benefits under the Civil Service Retirement System, the Federal Employees Retirement System, military retirement and survivor benefit programs, the Old-Age, Survivors, and Disability Insurance benefits program, and other specified veterans benefits programs.

AI Summary

This bill, the Fair COLA for Seniors Act, bases cost-of-living adjustments (COLAs) for certain federal benefits programs on the Consumer Price Index for the Elderly (CPI-E) instead of the standard Consumer Price Index (CPI). The affected programs include the Civil Service Retirement System, Federal Employees Retirement System, various veterans' benefits, military retirement and survivor benefits, and Social Security. Whenever the CPI-E increases, the dollar amounts of these benefits will be increased by the same percentage, ensuring that the purchasing power of older Americans is maintained.

Committee Categories

Budget and Finance, Health and Social Services, Military Affairs and Security

Sponsors (40)

John Garamendi (D)* Brendan Boyle (D),  André Carson (D),  Kathy Castor (D),  David Cicilline (D),  Steve Cohen (D),  Theodore Deutch (D),  Michael Doyle (D),  Anna Eshoo (D),  Brian Fitzpatrick (R),  Louie Gohmert (R),  Josh Harder (D),  Katie Hill (D),  Marcy Kaptur (D),  Ro Khanna (D),  Derek Kilmer (D),  Ann Kuster (D),  Ted Lieu (D),  Zoe Lofgren (D),  Betty McCollum (D),  Jim McGovern (D),  Jerry McNerney (D),  Kweisi Mfume (D),  Gwen Moore (D),  Seth Moulton (D),  Grace Napolitano (D),  Joe Neguse (D),  Eleanor Holmes Norton (D),  Ed Perlmutter (D),  Chellie Pingree (D),  Mark Pocan (D),  Jamie Raskin (D),  Lucille Roybal-Allard (D),  Kilili Sablan (D),  Jackie Speier (D),  David Trone (D),  Jeff Van Drew (R),  Debbie Wasserman Schultz (D),  Susan Wild (D),  John Yarmuth (D), 

Last Action

Referred to the Subcommittee on Disability Assistance and Memorial Affairs. (on 03/29/2019)

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