3.0.0 5295 2023-01-11T13:33:00Z 2023-01-11T13:33:00Z House HR 2016-05-19 114 [Congressional Record Volume 162, Number 80 (Thursday, May 19, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HECK of Nevada:H.R. 5295.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 of the United StatesConstitution, to make all laws which shall be necessary andproper for carrying into execution the foregoing Powers, andall other powers vested by the Constitution in the Governmentof the United States, or in any Department or officerthereof.[Page H2880]]]> hswm00 Ways and Means Committee House Standing hswm01 Social Security Subcommittee Referred to 2016-06-02T16:26:28Z Referred to 2016-05-19T13:01:15Z 2016-06-02 hswm01 Social Security Subcommittee 1 House committee actions Referred to the Subcommittee on Social Security. Committee 2016-05-19 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-05-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-05-19 Introduced in House IntroReferral 1000 9 Library of Congress H001055 Rep. Heck, Joseph J. [R-NV-3] Joseph Heck R NV J. 3 N N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2016-05-19 True R000599 Rep. Ruiz, Raul [D-CA-36] Raul Ruiz D CA 36 2016-06-21 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2016-07-13 False Social Welfare Inflation and prices Social security and elderly assistance Social Welfare 00 2016-05-19 Introduced in House 2016-06-09T20:28:45Z Safeguarding Economic Needs Important to Our Retirees through Creating an Ongoing Living Adjustment Guarantee (SENIOR COLA Guarantee) Act of 2016

This bill amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to revise cost-of-living computation requirements.

Annual minimum and maximum cost-of-living increases for Social Security beneficiaries shall range between:

  • 3% and 4% for individuals whose adjusted gross income (AGI) for the preceding calendar year did not exceed $18,000 ($20,000 in a joint return),
  • 1.5% and 3% for individuals whose AGI ranged from $18,000 to $48,000 ($20,000 to $50,000 in a joint return), or
  • 1% and 2% for individuals whose AGI exceeded $48,000 ($50,000 in a joint return).
]]> Safeguarding Economic Needs Important to Our Retirees through Creating an Ongoing Living Adjustment Guarantee (SENIOR COLA Guarantee) Act of 2016 Display Title Safeguarding Economic Needs Important to Our Retirees through Creating an Ongoing Living Adjustment Guarantee (SENIOR COLA Guarantee) Act of 2016 Official Title as Introduced To amend title II of the Social Security Act to provide annual minimum and maximum cost-of-living increases for Social Security beneficiaries, and for other purposes. Introduced in House IH Short Titles as Introduced Safeguarding Economic Needs Important to Our Retirees through Creating an Ongoing Living Adjustment Guarantee (SENIOR COLA Guarantee) Act of 2016 Introduced in House 2016-05-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5295ih/xml/BILLS-114hr5295ih.xml 2016-06-02 Referred to the Subcommittee on Social Security. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.