summary
Introduced
05/16/2019
05/16/2019
In Committee
05/16/2019
05/16/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To mandate the monthly formulation and publication of a consumer price index specifically for senior citizens for the purpose of establishing an accurate Social Security COLA for such citizens. This bill directs the Bureau of Labor Statistics to prepare and publish a monthly Consumer Price Index for Seniors that indicates changes in expenditures typical for U.S. consumers aged 62 or older.
AI Summary
This bill directs the Bureau of Labor Statistics to prepare and publish a monthly Consumer Price Index for Seniors (CPIS) that indicates changes in expenditures typical for U.S. consumers aged 62 or older. The current methods used to measure inflation, such as the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPIW) and the experimental Consumer Price Index for Americans 62 Years of Age and Older (CPIE), are considered flawed and deficient in accurately measuring the impact of inflation on senior citizens. The bill aims to establish an accurate Social Security cost-of-living adjustment (COLA) for senior citizens by mandating the monthly formulation and publication of the CPIS.
Committee Categories
Education
Sponsors (1)
Last Action
Referred to the House Committee on Education and Labor. (on 05/16/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/2787/all-info |
| BillText | https://www.congress.gov/116/bills/hr2787/BILLS-116hr2787ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr2787/BILLS-116hr2787ih.pdf.pdf |
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