,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #ebie  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ai1 #bjaf ,mr4  
,heck ( ,nevada 7= himself & ,mr4       
,nolan7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d title ,,ii ( !    
,social ,security ,act to provide annual
 m9imum & maximum co/-(-liv+ increases =
 ,social ,security b5efici>ies1 & = o!r 
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,safegu>d+ ,economic ,ne$s 
,important to ,our ,retirees ?r\gh      
,creat+ an ,ongo+ ,liv+ ,adju/m5t       
,gu>antee 7,,s5ior ,,cola ,gu>antee7    
,act ( #bjaf4  #b4 ,f9d+s ,congress f9ds
 ! foll[+3 7#a7 ,mon?ly ,social         
,security b5efits = retir$ & disabl$    
work]s & _! families provide critical   
income & security4  7#b7 ,^! b5efits are
 g5]ally increas$ annually by a         
co/-(-liv+ adju/m5t 7,,cola7 t is bas$  
on ! ,consum] ,price ,index = ,urban    
,wage ,e>n]s & ,cl]ical ,work]s         
7,,cpi-,w74  7#c7 ,s9ce #aige & until   

la/ ye>1 a ,,cola has be5 paid 9 e ye>  
except #bjaj & #bjaa4  7#d7 ,9 #bjae1 ! 
,social ,security ,adm9i/ration ann\nc$ 
t due to av]age inflation z measur$ by !
 ,,cpi-,w1 !re w\ld be no ,,cola =      
s5iors & b5efici>ies 9 #bjaf4  7#e7     
,am]ican s5iors1 disabl$ work]s1 & _!   
families rely on _! ,social ,security   
b5efits & ye>ly ,,cola increases to help
 ma9ta9 f9ancial security4  7#f7        
,congress %\ld provide c]ta9ty by       
gu>antee+ annual ,,cola increases =     
,social ,security b5efici>ies t w help  
keep ^! b5efici>ies out ( pov]ty1 &     
provide f9ancial security4  7#g7        
,congress has ! p[] to enact a "o-"t    
,,cola increase 9 ! ev5t t inflation 9 a
 giv5 ye> exce$s ! p]c5tages def9$ 9 !  
am5dm5ts made by ?is ,act4  #c4 ,annual 
m9imum & maximum co/-(-liv+ increases   
7a7 ,co/-(-,liv+ computation qu>t] def9$
 ,section #bae7;i77#a77;,b7 ( su* ,act  
7#db ,u4,s4,c4 #dae7;i77#a77;,b77 is    
am5d$ by /rik+ 1 ) respect to :i* !     
applicable increase p]c5tage is great]  

?an z]o4  7b7 ,m9imum & maximum         
increases ,section #bae7;i77#b77;,a7 ( !
 ,social ,security ,act 7#db ,u4,s4,c4  
#dae7;i77#b77;,a77 is am5d$--  7#a7 9   
clause 7ii71 by /rik+ ! applicable      
increase p]c5tage & ins]t+ ! increase   
p]c5tage det]m9$ "u clause 7iii72  7#b7 
by r$esignat+ clause 7iii7 z clause     
7iv72 &  7#c7 by ins]t+ aft] clause 7ii7
 ! foll[+3  7iii7 7,i7 ,! increase      
p]c5tage det]m9$ "u ?is clause %all be  
equal to ! applicable increase p]c5tage1
 except t 9 no case may ! increase      
p]c5tage det]m9$ "u ?is clause--  7aa7 9
 ! case ( an individual ) respect to :om
 su* increase applies ^: adju/$ gross   
income = ! prec$+ cal5d> ye> did n exce$
 #ah1jjj 7or1 9 ! case ( a jo9t return1 
#bj1jjj71 be less ?an #c p]c5t or great]
 ?an #d p]c5t2  7bb7 9 ! case ( su* an  
individual ^: adju/$ gross income = !   
prec$+ cal5d> ye> exce$$ #ah1jjj b did n
 exce$ #dh1jjj 7or1 9 ! case ( a jo9t   
return1 #bj1jjj & #ej1jjj1              
respectively71 be less ?an #a4e p]c5t or

 great] ?an #c p]c5t2 or  7cc7 9 ! case 
( su* an individual ^: adju/$ gross     
income = ! prec$+ cal5d> ye> exce$$     
#dh1jjj 7or1 9 ! case ( a jo9t return1  
#ej1jjj71 be less ?an #a p]c5t or great]
 ?an #b p]c5t4  7,,ii7 ,9 ?is clause--  
7aa7 ! t]m adju/$ gross income has !    
mean+ giv5 su* t]m 9 section #fb ( !    
,int]nal ,rev5ue ,code ( #aihf2 &  7bb7 
! t]m jo9t return has ! mean+ giv5 su*  
t]m 9 section #fajc ( su* ,code4        
7,,iii7 ,n lat] ?an ! end ( ! #e-ye>    
p]iod beg9n+ on ! date ( ! enactm5t (   
?is clause1 & at ! end ( ea* subsequ5t  
#e-ye> p]iod1 ! ,commission] ( ,social  
,security %all submit to ,congress      
recomm5d$ *anges to any ( ! doll> am\nts
 9 subclause 7,i7 z ! ,commission]      
consid]s appropriate bas$ on relevant   
factors4  4  7c7 ,effective date ,!     
am5dm5ts made by ?is section %all apply 
) respect to co/-(-liv+ computation     
qu>t]s occurr+ 9 cal5d> ye>s aft] #bjae4