H.R.3592 - Social Security Flat Rate COLA Act of 1993103rd Congress (1993-1994)
|Sponsor:||Rep. Penny, Timothy J. [D-MN-1] (Introduced 11/20/1993)|
|Committees:||House - Energy and Commerce; Veterans' Affairs; Ways and Means|
|Latest Action:||House - 01/03/1994 Referred to the Subcommittee on Health and the Environment. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3592 — 103rd Congress (1993-1994)All Information (Except Text)
Introduced in House (11/20/1993)
Social Security Flat Rate COLA Act of 1993 - Amends titles II (Old Age, Survivors and Disability Insurance), XVI (Supplemental Security Income), and XVIII (Medicare) part B (Supplementary Medical Insurance) of the Social Security Act and the veterans' benefits program to make changes in the method of calculating cost of living adjustments (COLAs), basing such COLAs solely on the percentage increase in the Consumer Price Index.
Amends the Internal Revenue Code with respect to COLAs to limitations on benefits and contributions under qualified plans.