H.R. 991, Guaranteed 3% COLA ACT
Introduced February 9, 2017
To require the establishment of a Consumer Price Index for Elderly Consumers to compute cost-of-living increases for Social Security benefits under title II of the Social Security Act and to provide, in the case of elderly beneficiaries under such title, for an annual cost-of-living increase which is not less than 3 percent.
H.R. 67, Social Security Dividend ACT
Introduced January 3, 2017
This bill directs the Department of the Treasury to disburse a $250 cash payment to recipients of Social Security benefits if no cost-of-living adjustment is payable for the year.
Introduced to the 114th Congress on July 7, 2016 by Rep. Walter B. Jones, Jr, (R-NC-3)
Social Security Guarantee Act of 2016 – “A Bill to guarantee the right of individuals to receive Social Security benefits under title II of the Social Security Act in full with an accurate annual cost-of-living adjustment.”
NSCC supports this legislation and will fight to add more co-sponsors, bring to the floor, and vote to pass this bill. Below is the text of the Bill:
114th CONGRESS – 2d Session
H. R. 5670 – IN THE HOUSE OF REPRESENTATIVES – July 7, 2016
Mr. Jones introduced the following bill; which was referred to the Committee on Ways and Means
To guarantee the right of individuals to receive Social Security benefits under title II of the Social Security Act in full with an accurate annual cost-of-living adjustment.
Social Security Guarantee Act of 2016.
(a) In General
On a date not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury shall issue a benefit guarantee certificate to each individual who is determined by the Commissioner of Social Security as of such date to be entitled to benefits under title II of the Social Security Act (42 U.S.C. 401 et seq.). The Secretary shall also issue such a certificate to any individual on the date such individual is determined thereafter to be entitled to benefits under such title.
The benefit guarantee certificate issued pursuant to subsection (a) shall represent a legally enforceable guarantee—
(2) that the benefits will be adjusted—
Any certificate issued under the authority of this section constitutes budget authority in advance of appropriations Acts and represents the obligation of the Federal Government to provide for the payment to the individual to whom the certificate is issued benefits under title II of the Social Security Act (42 U.S.C. 401 et seq.) in the amounts set forth in the certificate and adjusted thereafter as described in subsection (b)(2).