A bill to amend title II of the Social Security Act to provide that the automatic cost-of-living benefit increases authorized thereunder shall be made on a semiannual basis (rather than only on an annual basis as at present).

Provides that the automatic cost-of-living benefit increases authorized under title II (Old-Age, Survivors', and Disability Insurance) of the Social Security Act shall be made on a semiannual basis (rather than on an annual basis as at present).