If adopted, S. 1132 would base annual Social Security cost-of-living adjustments (COLAs) on the Consumer Price Index for Elderly Consumers (CPI-E). It would also improve the solvency of the Social Security program by phasing out the payroll tax cap over the course of seven years.
Senator Mazie Hirono (HI) introduced S. 1132 on April 10, 2019. It has since been referred to the Committee on Finance.
For more information or to view a list of cosponsors, click here.