A bill to amend title II of the Social Security Act to remove permanently the 3 percent threshold requirement for cost-of-living increases.
Cost-of-Living-Adjustment-Reform Act of 1986 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to replace the requirement that there be at least a three-percent rise in the Consumer Price Index before a cost-of-living adjustment of benefits is made with a requirement that such an adjustment be made whenever the cost of living increase is greater than zero.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB, Treasury Department, Health and Human Services Department.
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