A bill to amend the Social Security Act to make certain that recipients of aid or assistance under federal programs will not have the amount of such benefits, aid, or assistance reduced because of general cost-of-living increases in the periodic benefits payable under specified federal or federally-assisted programs.

Amends Titles IV (Aid to Families with Dependent Children), XVI (Supplemental Security Income for the Aged, Blind, and Disabled) and XIX (Medicaid) of the Social Security Act and Title 38 (Veterans' Benefits) of the United States Code to require that general cost-of-living increases in periodic benefit payments under any Federal or federally assisted program be disregarded in determining an individual's income for purposes of eligibility under such Titles.

Requires further that such cost-of-living increases be disregarded in determining an individual's eligibility for participation in the food stamp program, for housing assistance under the Housing Act of 1937, and for any other federal assistance program which conditions eligibility upon the income or resources of the applicant.