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Guaranteed Social Security Benefit Increases and Economic Data Analysis.

This bill aims to ensure annual increases in Social Security benefits, potentially impacting the financial stability of retirees and beneficiaries. Additionally, it establishes a working group to improve how the Consumer Price Index is calculated, which could have long-term effects on purchasing power.
Key points
Establishes a minimum annual cost-of-living increase for Social Security benefits, ensuring a baseline growth.
Modifies the calculation of benefit increases to be more stable and predictable, based on a 10-year average.
Creates an expert working group to enhance the Consumer Price Index (CPI), potentially improving inflation measurement and future benefit adjustments.
article Official text account_balance Process page
Expired
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No votes cast
Additional Information
Print number: 117_HR_2266
Sponsor: Rep. Walberg, Tim [R-MI-7]
Process start date: 2021-03-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

COLA Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2266.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-26.

What are the main provisions?

Key points include:

  • Establishes a minimum annual cost-of-living increase for Social Security benefits, ensuring a baseline growth.
  • Modifies the calculation of benefit increases to be more stable and predictable, based on a 10-year average.
  • Creates an expert working group to enhance the Consumer Price Index (CPI), potentially improving inflation measurement and future benefit adjustments.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Walberg, Tim [R-MI-7].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Social Security.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Benefits Economy