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I understand that legislation has been introduced that would provide a more fair Cost-of-Living Adjustment. What is “The Consumer Price Index for Elderly Consumers Act”?

April 26, 2017adjustment consumer cost-of-living fair index introduced legislation price understand

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I understand that legislation has been introduced that would provide a more fair Cost-of-Living Adjustment. What is “The Consumer Price Index for Elderly Consumers Act”?

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The Consumer Price Index for Elderly Consumers Act was introduced by Rep. Bernard Sanders (I-VT) in May of 2001. The bill is in the House Ways and Means Committee, the House Energy and Commerce Committee, and the House Committee on Education and the Workforce. The bill, if passed and signed into law in its current form, would use the Consumer Price Index for the Elderly (CPI-E) to determine the Cost-of-Living Adjustment instead of The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).