H.R. 4315 · 117th Congress
Fair COLA for Seniors Act of 2021
- Stage
- In committee
- Sponsor
- John Garamendi
- Introduced
- 2021-07-01
- Latest action
- 2021-09-07 · Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Summary
Fair COLA for Seniors Act
This bill bases cost-of-living adjustments for certain benefits available through federal and military retirement programs, Social Security, and specified programs for veterans on a price index that tracks the spending patterns of older consumers. The Bureau of Labor Statistics of the Department of Labor must publish that price index on a monthly basis.