If signed into law, the CPI for Seniors Act would mandate the monthly formulation and publication of a consumer price index specifically for senior citizens, for the purpose of establishing an accurate Social Security cost-of-living adjustment (COLA). Currently, the COLA is based upon the spending patterns of young, urban workers using the CPI for Urban Wage Earners (CPI-W).
Rep. John Duncan, Jr. (TN-2) introduced H.R. 2154 on May 23, 2013. It has since been referred to the Committee on Education and the Workforce.
