Inflation Transparency for Seniors Act
United States117th CongressHR-5980House of Representatives
Updated: Nov 15, 2021
Summary
Inflation Transparency for Seniors Act This bill requires the Social Security Administration (SSA) to include information about specified consumer price indexes and their effects on Social Security benefits in account statements. Specifically, the SSA must (1) include the most recent 10-year projections of the Consumer Price Index for All Urban Consumers, and (2) explain that cost-of-living increases for Social Security benefits are calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers.
Bill texts
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Timeline
Referred to the Subcommittee on Social Security.
House of Representatives
Referred to the House Committee on Ways and Means.
House of Representatives
Introduced in House
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