3.0.0 7765 2023-01-11T13:45:50Z 2023-01-11T13:45:50Z House HR 2020-07-23 116 [Congressional Record Volume 166, Number 130 (Thursday, July 23, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WALBERG:H.R. 7765.Congress has the power to enact this legislation pursuantto the following:Article I, Section I. All legislative Powers herein grantedshall be vested in a Congress of the United States, whichshall consist of a Senate and House of Representatives.Section 8.1) The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States.[Page H3839]]]> hswm00 Ways and Means Committee House Standing hswm01 Social Security Subcommittee Referred to 2020-07-23T14:19:04Z Referred to 2020-07-23T13:03:00Z 2020-07-23 hswm01 Social Security Subcommittee 1 House committee actions Referred to the Subcommittee on Social Security. Committee 2020-07-23 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-07-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-23 Introduced in House IntroReferral 1000 9 Library of Congress W000798 Rep. Walberg, Tim [R-MI-7] Tim Walberg R MI 7 N Social Welfare Inflation and prices Social security and elderly assistance Social Welfare 00 2020-07-23 Introduced in House 2021-02-18T19:17:14Z Certainty for Older Living Americans Act of 2020 or the COLA Act of 2020

This bill sets out an alternative method to calculate cost-of-living adjustments for Old-Age, Survivors, and Disability Insurance benefits and requires the Social Security Administration to use whichever method results in a greater increase each year.

The current method is based on the annual change in the Consumer Price Index for Urban Wage Earners and Clerical Workers, which may result in no or small increases to benefits in years with deflation or low inflation. The alternative method established by this bill is based on a 10-year average of cost-of-living adjustments.

]]> COLA Act of 2020 Display Title COLA Act of 2020 Short Title(s) as Introduced COLA Act of 2020 Introduced in House IH Short Title(s) as Introduced Certainty for Older Living Americans Act of 2020 Introduced in House IH Official Title as Introduced To amend title II of the Social Security Act to provide for a minimum annual cost-of-living increase for Social Security benefits, and for other purposes. Introduced in House IH Introduced in House 2020-07-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7765ih/xml/BILLS-116hr7765ih.xml 2020-07-23 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.