An Act to extend the Renegotiation Act of 1951 for one year, and for other purposes.

(LATEST SUMMARY)

Extends the Renegotiation Act of 1951 until June 30, 1974.

=Title II: Provisions Relating to the Social Security Act= - Directs the Secretary of Health, Education, and Welfare to increase the monthly benefits and lump-sum death payments payable under title II of the Social Security Act (Old-Age, Survivors, and Disability Insurance) by the percentage by which the Consumer Price Index for the month of June 1973 exceeds such index for the month of June 1972.

Provides for increases in supplemental security income benefits for essential persons under the Social Security Act.

Stipulates that in order for any State to be eligible for payments pursuant to title XIX of the Social Security Act (Medicaid) such State must have in effect an agreement with the Secretary of Health, Education, and Welfare whereby the State will provide to specified individuals residing in the State supplementary payments.

Provides that specified regulations promulgated by the Secretary of Health, Education, and Welfare with respect to social services shall not be effective unless such regulations have been approved by the Committee on Ways and Means of the House and the Committee on Finance of the Senate.

Makes additional provisions for State plans approved under title XIX of the Social Security Act (Medicaid) with respect to coverage of essential persons and persons in medical institutions.