HR 3592 · 103th Congress · Social Welfare

Social Security Flat Rate COLA Act of 1993

Introduced 1993-11-20· Sponsored by Rep. Penny, Timothy J. [D-MN-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Health and the Environment.(1994-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] Social Security Flat Rate COLA Act of 1993 - Amends titles II (Old Age, Survivors and Disability Insurance), XVI (Supplemental Security Income), and XVIII (Medicare) part B (Supplementary Medical Insurance) of the Social Security Act and the veterans' benefits program to make changes in the method of calculating cost of living adjustments (COLAs), basing such COLAs solely on the percentage increase in the Consumer Price Index. Amends the Internal Revenue Code with respect to COLAs to limitations on benefits and contributions under qualified plans.…

Summarized by Claude AI · Non-partisan · For informational purposes only