H.R. 1688In CommitteeSOCIAL WELFARE
Social Security Cost of Living Increase Act of 2023
Government information and archives · Inflation and prices · Social security and elderly assistance
Key facts
Introduced: Mar 21, 2023
Chamber: House
Cosponsors: 0
Congress: 118th
Latest action · Dec 17, 2024
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.
Summary by Congressional Research Service.
Timeline
- Dec 17, 2024Referred to the Subcommittee on Social Security.
- Mar 21, 2023Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
- Mar 21, 2023Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
- Mar 21, 2023Introduced in House
- Mar 21, 2023Introduced in House
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