HR 5980
117th Congress
House
Social Welfare
Inflation Transparency for Seniors Act
Introduced: November 15, 2021
Introduced by:
Stauber, Pete
Republican
· Minnesota
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 15, 2021
Referred to the Subcommittee on Social Security.
Nov 15, 2021
Referred to the House Committee on Ways and Means.
Nov 15, 2021
Introduced in House
Plain-English summary
Inflation Transparency for Seniors Act
This bill requires the Social Security Administration (SSA) to include information about specified consumer price indexes and their effects on Social Security benefits in account statements.
Specifically, the SSA must (1) include the most recent 10-year projections of the Consumer Price Index for All Urban Consumers, and (2) explain that cost-of-living increases for Social Security benefits are calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers.
What's happening now
Referred to the Subcommittee on Social Security.
Committees of jurisdiction
2
Cosponsors
1