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114-hr-3588114th Congress

Guaranteed 3 Percent COLA for Seniors Act of 2015

Sponsored By: Representative ELIOT ENGEL

Unknown

Summary

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%.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

ELIOT ENGEL

NY • D

Cosponsors

  • Rep. Clarke, Yvette D. [D-NY-9]

    NY • D

    Sponsored 10/22/2015

  • Rep. Cohen, Steve [D-TN-9]

    TN • D

    Sponsored 11/2/2015

  • Rep. Grayson, Alan [D-FL-9]

    FL • D

    Sponsored 11/16/2015

  • Rep. Kaptur, Marcy [D-OH-9]

    OH • D

    Sponsored 9/12/2016

  • Rep. Velázquez, Nydia M. [D-NY-7]

    NY • D

    Sponsored 11/14/2016

Roll Call Votes

No roll call votes available for this bill.

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