Makes it the continuing duty of the Bureau of Labor Statistics to compile and publish the Consumer Price Index (CPI). Requires that no changes be made in the factors used in the formation of the CPI or any similar index, except as authorized by law, if such changes would reduce the amount of the cost-of-living increases, as compared to the increases which would have been provided without such changes, provided by the following programs: (1) the old age, survivors, and disability insurance benefits program and the supplemental security income program under the Social Security Act; (2) the civil service retirement program; (3) the military retired pay program; (4) the Railroad Retirement Act of 1974; or (5) any other Federal program providing retirement or similar payments on account of past performance of personal services.
Introduced in Senate
Read second time and referred to Senate Committee on Labor and Human Resources.
Committee on Labor and Human Resources requested executive comment from Labor Department; GAO; OMB.
Referred to Subcommittee on Labor.
Committee on Labor and Human Resources received executive comment from GAO. Unfavorable.
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