A bill to require the establishment of a Consumer Price Index for Elderly Consumers to compute cost-of-living increases for Social Security benefits under title II of the Social Security Act.
Consumer Price Index for Elderly Consumers Act - Directs the Bureau of Labor Statistics of the Department of Labor to prepare and publish a monthly Consumer Price Index for Elderly Consumers (CPI) that indicates changes over time in expenditures for consumption which are typical for individuals who have attained early retirement.
Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) to provide for the use of such new CPI in the computation of cost-of-living increases for Social Security benefits.
Referred to the Subcommittee on Social Security.
Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Health.
Read twice and referred to the Committee on Finance.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S7599-7600)
Read twice and referred to the Committee on Finance.
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