HR 3961 · 114th Congress · Economics and Public Finance
Consumer Price Index for Elderly Consumers Act of 2015
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Health, Employment, Labor, and Pensions.(2016-03-23)
Plain Language Summary
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Consumer Price Index for Elderly Consumers Act of 2015 This bill amends titles II (Old Age, Survivors, and Disability Insurance) and XVIII (Medicare) of the Social Security Act to compute cost-of-living increases for Social Security and Medicare benefits using a new index in place of the current Consumer Price Index (CPI) for All Urban Consumers. The Bureau of Labor Statistics must prepare and publish, for this purpose, a monthly CPI for Elderly Consumers that reflects changes over time to expenditures typical for individuals aged 62 and older.…
Summarized by Claude AI · Non-partisan · For informational purposes only