H.R.3614 - Guaranteed COLA Act115th Congress (2017-2018) |
|Sponsor:||Rep. Poliquin, Bruce [R-ME-2] (Introduced 07/28/2017)|
|Committees:||House - Oversight and Government Reform; Ways and Means; Armed Services|
|Latest Action:||House - 10/17/2017 Referred to the Subcommittee on Military Personnel. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.3614 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (07/28/2017)
Guaranteed COLA Act
This bill directs the General Services Administration (GSA) to sell buildings owned by the federal government that are not utilized. GSA must identify all such buildings and sell them not later than five years after they have been identified. The bill exempts buildings that have been set aside for preservation or historic purposes.
The bill requires the net revenues from the sale of such buildings to be made available to increase the cost-of-living adjustments to: (1) social security retirement benefits, and (2) retirement benefits for members and former members of the Armed Forces.