If signed into law, H.R. 3761 would increase Social Security benefits by 2.9% in 2016, and it would base future cost-of-living adjustments on the Consumer Price Index for the Elderly.
Rep. Alan Grayson (FL-9) introduced H.R. 3761 October 16, 2015. It has since been referred to the Committee on Ways and Means and to the Committee on Armed Services.