Senate Bill 1923
116th Congress(2019-2020)
Guaranteed 3 Percent COLA for Seniors Act of 2019
Introduced
Introduced in Senate on Jun 20, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1923
Congress
116
Policy Area
Social Welfare
Social Welfare
Primary focus of measure is public assistance and Social Security programs; social services matters, including community service, volunteer, and charitable activities. Measures concerning such health programs as Medicare and Medicaid may fall under Health policy area.
No Senate votes have been held for this bill.
Summary
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.
June 20, 2019
06/20/2019
Read twice and referred to the Committee on Finance.
06/20/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:59 PM