summary
Introduced
04/17/2024
04/17/2024
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 amend title II of the Social Security Act to require the Commissioner of Social Security to use the Consumer Price Index for Elderly Consumers for purposes of determining cost-of-living adjustments under titles II, VIII, and XVI of the Social Security Act, and for other purposes.
AI Summary
This bill, the Boosting Benefits and COLAs for Seniors Act, amends the Social Security Act to require the Commissioner of Social Security to use the Consumer Price Index for Elderly Consumers (CPI-E) instead of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for determining cost-of-living adjustments (COLAs) under Social Security, Supplemental Security Income (SSI), and other affected programs. The bill also requires the Bureau of Labor Statistics to publish the CPI-E, which measures changes in expenditures for consumption that are typical for individuals aged 62 and older. The amendments made by this bill would apply to COLA determinations starting in September 2024.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (4)
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/8044/all-info |
| BillText | https://www.congress.gov/118/bills/hr8044/BILLS-118hr8044ih.pdf |
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