If signed into law, the Social Security Safety Dividend Act would ensure that seniors and certain others receive a $250 payment in the event that no cost-of-living adjustment (COLA) is payable in a calendar year.
Rep. Laura Richardson (CA-37) introduced this bill on December 20, 2011. It has since been referred to the House Committee on Ways and Means, the House Committee on Veterans’ Affairs, and the House Committee on Transportation and Infrastructure.
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