H.R.798 - Consumer Price Index for Elderly Consumers Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. DeFazio, Peter A. [D-OR-4] (Introduced 02/18/2011)|
|Committees:||House - Ways and Means; Energy and Commerce; Education and the Workforce|
|Latest Action:||House - 02/28/2011 Referred to the Subcommittee on Health. (All Actions)|
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Summary: H.R.798 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in House (02/18/2011)
Consumer Price Index for Elderly Consumers Act of 2011 - 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 age 62 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).