H.R.2365 - Consumer Price Index for Elderly Consumers Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. DeFazio, Peter A. [D-OR-4] (Introduced 05/12/2009)|
|Committees:||House - Ways and Means; Energy and Commerce; Education and Labor|
|Latest Action:||06/11/2009 Referred to the Subcommittee on Healthy Families and Communities.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.2365 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (05/12/2009)
Consumer Price Index for Elderly Consumers Act of 2009 - Directs the Bureau of Labor Statistics of the Department of Labor to prepare and publish a monthly Consumer Price Index for Elderly Consumers (CPIEC) that indicates changes over time in expenditures for consumption which are typical for individuals aged 62 years of age or older.
Amends titles II (Old Age, Survivors and Disability Insurance) (OASDI) and XVIII (Medicare) to use such new CPIEC in the computation of cost-of-living increases for Social Security and Medicare benefits, replacing the CPI for All Urban Consumers (U.S. city average).