Guaranteed 3 Percent COLA for Seniors Act of 2019

United States116th CongressHR-3389House of Representatives
Updated: Jun 20, 2019

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

Latest companion bill action

S-1923: Guaranteed 3 Percent COLA for Seniors Act of 2019

Introduced in Senate

  1. Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.

    House of Representatives

  2. Introduced in House

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