Social Security Cost of Living Increase Act of 2023

United States118th CongressHR-1688House of Representatives
Updated: Dec 17, 2024

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.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Referred 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.

    House of Representatives

  2. Introduced in House

  3. Referred to the Subcommittee on Social Security.

    House of Representatives

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