H.R. 716 · 118th Congress
Fair COLA for Seniors Act of 2023
- Stage
- In committee
- Sponsor
- John Garamendi
- Introduced
- 2023-02-01
- Latest action
- 2024-12-17 · Referred to the Subcommittee on Social Security.
Summary
Fair COLA for Seniors Act of 2023
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.