summary
Introduced
02/01/2023
02/01/2023
In Committee
12/17/2024
12/17/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To provide for cost-of-living increases for certain Federal benefits programs based on increases in the Consumer Price Index for the elderly.
AI Summary
This bill, the Fair COLA for Seniors Act of 2023, aims to provide cost-of-living increases for certain federal benefits programs based on the Consumer Price Index for Elderly Consumers (CPI-E), which is a measure of inflation specifically for older adults published by the Bureau of Labor Statistics. The key provisions of the bill are: (1) amending the Social Security Act to define the "Consumer Price Index" as the CPI-E for the purposes of cost-of-living adjustments; (2) requiring the Bureau of Labor Statistics to publish the CPI-E index monthly; and (3) mandating that whenever Social Security benefits are increased due to a cost-of-living adjustment, the same percentage increase will apply to other federal benefits programs, such as Civil Service and military retirement, and various Veterans Affairs benefits. The goal is to ensure that federal benefits for seniors keep pace with their specific cost of living rather than the general inflation rate.
Committee Categories
Budget and Finance, Health and Social Services, Labor and Employment
Sponsors (41)
John Garamendi (D)*,
Colin Allred (D),
Nanette Barragán (D),
Joyce Beatty (D),
Don Beyer (D),
Lisa Blunt Rochester (D),
Jamaal Bowman (D),
Brendan Boyle (D),
Yvette Clarke (D),
Steve Cohen (D),
Jason Crow (D),
Madeleine Dean (D),
Teresa Fernandez (D),
Lois Frankel (D),
Chuy García (D),
Raúl Grijalva (D),
Ro Khanna (D),
Andy Kim (D),
Ted Lieu (D),
Zoe Lofgren (D),
Lucy McBath (D),
Betty McCollum (D),
Jim McGovern (D),
Kweisi Mfume (D),
Gwen Moore (D),
Jared Moskowitz (D),
Seth Moulton (D),
Joe Neguse (D),
Eleanor Holmes Norton (D),
Ilhan Omar (D),
Jimmy Panetta (D),
Chellie Pingree (D),
Mark Pocan (D),
Katie Porter (D),
Deborah Ross (D),
Mary Gay Scanlon (D),
Dina Titus (D),
Paul Tonko (D),
David Trone (D),
Susan Wild (D),
Frederica Wilson (D),
Last Action
Referred to the Subcommittee on Social Security. (on 12/17/2024)
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/118th-congress/house-bill/716/all-info |
| BillText | https://www.congress.gov/118/bills/hr716/BILLS-118hr716ih.pdf |
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