SEC. 2. COMPUTATION OF COST-OF-LIVING INCREASES. 
(a) IN GENERAL.—Section 215(i) of the Social Secu-
rity Act (42 U.S.C. 415(i)) is amended— 
(1) in paragraph (1)(B), by striking ‘‘with re-
spect to which the applicable increase percentage is 
greater than zero;’’; and 
(2) in paragraph (2)— 
(A) in subparagraph (A)— 
(i) in clause (ii), in the matter fol-
lowing subclause (III), by striking ‘‘appli-
cable increase percentage’’ and inserting 
‘‘the increase percentage determined under 
clause (iv) for such year’’; and 
(ii) by adding at the end the fol-
lowing: 
‘‘(iv) The increase percentage determined under this 
clause for a year shall be the greater of— 
‘‘(I) the applicable increase percentage with re-
spect to a cost-of-living computation quarter in such 
year; or 
‘‘(II) the arithmetical mean of the increase per-
centages determined under this clause for each of 
the years in the 10-year period ending with the year 
before such year.’’; and 
(B) in the first sentence of subparagraph 
(D), by striking ‘‘and the percentage thereof’’ 
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and inserting ‘‘, the percentage thereof, and the 
increase percentage determined under subpara-
graph (A)(iv) for the following year’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply with respect to cost-of-living com-
putation quarters ending on or after September 30, 2021. 
SEC. 3. WORKING GROUP ON USE OF NATIONAL ACCOUNTS 
DATA. 
(a) ESTABLISHMENT.—The Secretary of Labor and 
the Secretary of Commerce shall establish a working group 
(in this section referred to as the ‘‘Working Group’’) to 
provide recommendations to the Bureau of Labor Statis-
tics on incorporating national accounts data to produce— 
(1) an accurate, timely, and relevant Consumer 
Price Index; and 
(2) up-to-date expenditure weights. 
(b) MEMBERSHIP.— 
(1) APPOINTMENT.—The Secretary of Labor 
and the Secretary of Commerce shall appoint to the 
Working Group individuals with expertise relating to 
statistical and computational methods, survey re-
search, and economic, social, and demographic meas-
urement. 
(2) REPRESENTATION.—In appointing rep-
resentatives to the Working Group, the Secretary of 
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Labor and the Secretary of Commerce shall consider 
appointing members from relevant Federal agencies 
and non-Federal stakeholder groups, including— 
(3) the Bureau of Labor Statistics; 
(4) the Bureau of Economic Analysis; and 
(5) the Federal Economic Statistics Advisory 
Committee. 
(c) REPORT.—Not later than 12 months after the 
date of enactment of this Act, the Working Group shall 
submit to the Committee on Education and Labor of the 
House of Representatives and the Committee on Health, 
Education, Labor, and Pensions of the Senate a report 
that includes the findings and recommendations of the 
Working Group under subsection (a). 
(d) TERMINATION.—The Working Group shall termi-
nate upon submission of the report required under sub-
section (c). 
Æ 
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