If signed into law, H.R. 4076 would base the Social Security cost of living adjustment (COLA) on the Consumer Price Index for the Elderly (CPI-E). The bill would also make sure that Medicare Part B premium increases would not exceed 30 percent of the annual Social Security COLA.
Rep. Donald Norcross (NJ-1) introduced H.R. 4076 on November 14, 2017. It has since been referred to the Subcommittee on Military Personnel.
Learn more about H.R. 4076 here.