H.R. 1688 · 118th Congress
Social Security Cost of Living Increase Act of 2023
- Stage
- In committee
- Sponsor
- Chris Smith
- Introduced
- 2023-03-21
- Latest action
- 2024-12-17 · Referred to the Subcommittee on Social Security.
Summary
Social Security Cost of Living Increase Act of 2023
This bill bases cost-of-living adjustments for Social Security benefits 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.