,i #aafth ,,congress #ast ,session ,h4 ,r4 #bghg ,,in ,,the ,,house ,,of ,,representatives ,may #af1 #bjai,mr4 ,lipinski introduced the following bill2 which was referred to the ,committee on ,education and ,labor ,a ,,bill ,to mandate the monthly formulation and publication of a consumer price index specifically for senior citizens for the purpose of establishing an accurate ,social ,security ,,cola for such citizens4 #a4 ,short title ,this ,act may be cited as the ,,cpi for ,seniors ,act of #bjai4 #b4 ,findings ,the ,congress finds the following3 7#a7 ,each year the ,bureau of ,labor ,statistics of the ,department of ,labor prepares and publishes consumer price indices 7the most notable being the ,consumer ,price ,index or ,,cpi7 that measure the rate of inflation in the economy of the ,united ,states4 7#b7 ,a derivative of the ,,cpi is used to determine an annual cost-of-living adjustment 7hereinafter referred to as ,,cola7 for millions of senior citizens 7individuals aged #fb and over7 who depend on their respective ,social ,security benefits4 7#c7 ,the ,social ,security ,,cola is calculated using the ,consumer ,price ,index for ,urban ,wage ,earners and ,clerical ,workers 7hereinafter referred to as ,,cpi-,w71 a subset of the population covered by the ,consumer ,price ,index for ,all ,urban ,consumers 7hereinafter referred to as ,,cpi-,u74 7#d7 ,while the experimental ,consumer ,price ,index for ,americans #fb ,years of ,age and ,older 7hereinafter referred to as ,,cpi-,e7 is a more accurate measure of the average price of consumer goods and services purchased by senior citizens than the ,,cpi-,w1 it too is derived from the ,,cpi-,u4 7#e7 ,according to numerous credible authorities1 the present methods 7,,cpi-,u1 ,,cpi-,w1 and ,,cpi-,e to a lesser extent7 used to measure inflation are flawed and deficient in measuring the average price of consumer goods and services purchased by senior citizens1 and the overall impact of inflation on such citizens4 7#f7 ,the present sampling regarding senior citizens is too small under the methods referred to in paragraph 7#e71 creating an opportunity for sampling error4 7#g7 ,prices used under the methods referred to in paragraph 7#e7 are based on geographic areas1 retail outlets1 and sample items used and purchased by younger consumers and are not necessarily representative of the geographic areas1 retail outlets1 and sample items used and purchased by senior citizens4 7#h7 ,the locations used under the methods referred to in paragraph 7#e7 are urban locations that do not reflect the economic challenges faced in rural communities1 which often have a far larger demographic segment of senior citizens4 7#i7 ,senior citizens neither have the flexibility or the ability that younger consumers have to substitute necessary purchases in response to changes in prices1 nor the same options as younger consumers have to supplement their income4 7#aj7 ,premium increases for part ,b of ,medicare1 part ,d of ,medicare1 and other health care costs affecting senior citizens are not adequately considered under the methods referred to in paragraph 7#e74 7#aa7 ,the cost of taxes on ,social ,security income is not considered under the methods referred to in paragraph 7#e71 thus putting senior citizens at a greater economic disadvantage each year4 #c4 ,mandate the monthly formulation and publication of a consumer price index for seniors 7a7 ,establishment of new ,,cpi ,the ,bureau of ,labor ,statistics of the ,department of ,labor shall prepare and publish an index monthly to be known as the ,consumer ,price ,index for ,seniors 7hereinafter referred to as ,,cpi-,s7 that indicates monthly changes in expenditures for consumption that are typical for individuals in the ,united ,states who are #fb years of age or older4 7b7 ,submission to ,congress ,the ,bureau of ,labor ,statistics of the ,department of ,labor shall submit to the ,joint ,economic ,committee a description of the actions taken by such ,bureau to meet the requirements of this section not later than #f months after the date of enactment of this ,act1 and semi-annually thereafter4 7c7 ,authorization of appropriations ,there are authorized to be appropriated such sums as may be necessary to carry out this section4