House bill introduced to change Social Security cost-of-living adjustments
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Representative [Name not provided in source] has introduced the Boosting Benefits and COLAs for Seniors Act in the House. The bill proposes changes to how cost-of-living adjustments (COLAs) are calculated for certain benefits.
Why it matters: This is a legislative proposal that would change how benefit increases are calculated; it does not become law unless passed by both chambers and signed by the President.
Who it affects
- Seniors receiving Social Security or related benefits
This information comes from Congress.gov regarding a House bill; check the official text at Congress.gov before relying on it for financial planning.
Agency: House
Source: Congress.gov — read the official document