H.R.1953 - Consumer Price Index for Elderly Consumers Act110th Congress (2007-2008)
|Sponsor:||Rep. Gonzalez, Charles A. [D-TX-20] (Introduced 04/19/2007)|
|Committees:||House - Education and Labor; Ways and Means|
|Latest Action:||07/09/2007 Referred to the Subcommittee on Healthy Families and Communities.|
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Subject — Policy Area:
- Social Welfare
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Summary: H.R.1953 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (04/19/2007)
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.
Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) 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.