US SB1923 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on June 20 2019 - 25% progression, died in committee
Action: 2019-06-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 20 2019 - 25% progression, died in committee
Action: 2019-06-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Revises the method used to calculate cost-of-living adjustments for certain Old Age, Survivors, and Disability Insurance benefits. Specifically, the Bureau of Labor Statistics must develop a price index that tracks the spending patterns of older consumers for purposes of calculating the cost-of-living adjustment. Individuals over 62 must receive, at minimum, a 3% annual cost-of-living increase.
Title
Guaranteed 3 Percent COLA for Seniors Act of 2019
Sponsors
Sen. Sheldon Whitehouse [D-RI] | Sen. Jack Reed [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2019-06-20 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB3389 (Same As) 2019-06-20 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1923/all-info |
Text | https://www.congress.gov/116/bills/s1923/BILLS-116s1923is.pdf |