H.R.1422 - Consumer Price Index for Elderly Consumers Act106th Congress (1999-2000)
|Sponsor:||Rep. Sanders, Bernard [I-VT-At Large] (Introduced 04/14/1999)|
|Committees:||House - Commerce; Education and the Workforce; Ways and Means|
|Latest Action:||05/05/1999 Referred to the Subcommittee on Health and Environment.|
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Subject — Policy Area:
- Social Welfare
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Summary: H.R.1422 — 106th Congress (1999-2000)All Bill Information (Except Text)
Introduced in House (04/14/1999)
Consumer Price Index for Elderly Consumers Act - Directs the Bureau of Labor Statistics of the Department of Labor to prepare and publish a monthly Consumer Price Index for Elderly Consumers (CPI) that indicates changes over time in expenditures for consumption which are typical for individuals aged 62 years of age or older. Authorizes appropriations.
Amends titles II (Old Age, Survivors and Disability Insurance) (OASDI) and XVIII (Medicare) to provide for the use of such new CPI in the computation of cost-of-living increases for social security and Medicare benefits under such programs.