HR 3389 · 116th Congress · Social Welfare

Guaranteed 3 Percent COLA for Seniors Act of 2019

Introduced 2019-06-20· Sponsored by Rep. Engel, Eliot L. [D-NY-16]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.(2019-06-20)

Plain Language Summary

[AI summary unavailable — showing source text] Guaranteed 3 Percent COLA for Seniors Act of 2019 This bill revises the method used to calculate cost-of-living adjustments for certain Old Age, Survivors, and Disability Insurance benefits. Specifically, the Bureau of Labor Statistics must develop a price index that tracks the spending patterns of older consumers for purposes of calculating the cost-of-living adjustment. Individuals over 62 must receive, at minimum, a 3% annual cost-of-living increase.…

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