arrow_back Trending Legislation
Share share

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 notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
COLA Act of 2021
Print number: HR 2266
Sponsor: Rep. Walberg, Tim [R-MI-7]
Process start date: 2021-03-26