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H.R. 3588

Guaranteed 3 Percent COLA for Seniors Act of 2015

Guaranteed 3 Percent COLA for Seniors Act of 2015

Directs the Bureau of Labor Statistics of the Department of Labor to prepare and publish a monthly Consumer Price Index for Elderly Consumers that indicates changes over time in expenditures for consumption which are typical for individuals in the United States age 62 or older.

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to: (1) require the use of such index to compute cost-of-living increases for Social Security benefits; and (2) provide, in the case of individuals who have attained age 62, for an annual cost-of-living increase of at least 3%.

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

Rep. Engel, Eliot L. [D-NY-16](D-NY)Sponsor
5 cosponsors5 D
5cosponsors2committees7actions3subjects
  1. Committee

    Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

    Health, Employment, Labor, and Pensions Subcommittee
  2. Committee

    Referred to the Subcommittee on Social Security.

    Social Security Subcommittee
  3. IntroReferralH11100

    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.

    Education and the Workforce Committee
  4. IntroReferralH11100-A

    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.

  5. IntroReferralH11100

    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.

    Ways and Means Committee
  6. IntroReferralIntro-H

    Introduced in House

  7. IntroReferral1000

    Introduced in House

Guaranteed 3 Percent COLA for Seniors Act of 2015 — Informed