Fair Benefits for Seniors Act of 2000

[AI summary unavailable — showing source text] Fair Benefits for Seniors Act of 2000 - Amends the Internal Revenue Code to make inapplicable after December 31, 2000, an increase in the amount of social security benefits included in gross income enacted by the Omnibus Budget Reconciliation Act of 1993 (effectively repealing such increase). Establishes the Consumer Price Index Review Committee to study and report to Congress on: (1) improved, more accurate methods for determining a Consumer Price Index for the Elderly to ensure that the improved index accurately measures changes in expenditures for consumption typical for retirees who receive Old-Age and Survivors Insurance benefits under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act (SSA), as well as an index implementation plan; and (2) an accurate consumer price index for individuals who receive SSA title II disability insurance benefits. Authorizes appropriations. Directs the Commissioner of the Bureau of Labor Statistics to establish a pilot program to test the accuracy of an operational Consumer Price Index for the Elderly, which indicates changes in such consumption expenditures. Provides for implementation of the Consumer Price Index fo…