If signed into law, H.R. 1984 would base Social Security cost-of-living adjustments on the Consumer Price Index for Elderly Consumers (CPI-E), phase out the cap on income subject to the payroll tax, and address the solvency issues of the Disability Insurance program without taking funds away from the Old-Age and Survivors Insurance program.
Rep. Peter DeFazio (OR-4) introduced H.R. 1984 on April 23, 2015. It has since been referred to the Committee on Ways and Means and to the Committee on Education and the Workforce.