Title: Seniors' Security Act of 2017
Policy area: Social Welfare

Summary:
Seniors' Security Act of 2017
This bill requires the use of a Consumer Price Index for Elderly Consumers (CPI-E) to calculate certain cost-of-living adjustments with respect to the Old Age, Survivors, and Disability Insurance benefits program and certain other federal retirement benefits. The Department of Labor must prepare and publish the CPI-E for each calendar month.
The bill also limits certain increases in Medicare premiums.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4076 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4076

  To amend title II of the Social Security Act to provide for cost-of-
living adjustments indexed to the Consumer Price Index for the Elderly, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 16, 2017

 Mr. Norcross introduced the following bill; which was referred to the 
   Committee on Ways and Means, and in addition to the Committees on 
 Education and the Workforce, Energy and Commerce, Armed Services, and 
   Oversight and Government Reform, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
  To amend title II of the Social Security Act to provide for cost-of-
living adjustments indexed to the Consumer Price Index for the Elderly, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Seniors' Security Act of 2017''.

SEC. 2. USE OF CONSUMER PRICE INDEX FOR THE ELDERLY FOR COST-OF-LIVING 
              ADJUSTMENTS OF SOCIAL SECURITY BENEFITS.

    (a) In General.--Section 215(i)(1) of the Social Security Act (42 
U.S.C. 415(i)(1)) is amended by adding at the end the following new 
subparagraph:
            ``(H) the term `Consumer Price Index' means the Consumer 
        Price Index for Elderly Consumers (CPI-E, as published by the 
        Bureau of Labor Statistics of the Department of Labor).''.
    (b) Application to Pre-1979 Law.--
            (1) In general.--Section 215(i)(1) of the Social Security 
        Act as in effect in December 1978, and as applied in certain 
        cases under the provisions of such Act as in effect after 
        December 1978, is amended by adding at the end the following 
        new subparagraph:
            ``(D) the term `Consumer Price Index' means the Consumer 
        Price Index for Elderly Consumers (CPI-E, as published by the 
        Bureau of Labor Statistics of the Department of Labor).''.
            (2) Conforming change.--Section 215(i)(4) of the Social 
        Security Act (42 U.S.C. 415(i)(4)) is amended by inserting 
        ``and by section 2 of the Seniors' Security Act of 2017'' after 
        ``1986''.
    (c) Publication of Consumer Price Index for Elderly Consumers.--The 
Bureau of Labor Statistics of the Department of Labor shall prepare and 
publish the index authorized by section 191 of the Older Americans 
Amendments Act of 1987 (29 U.S.C. 2 note) for each calendar month, 
beginning with July of the calendar year following the calendar year in 
which this Act is enacted, and such index shall be known as the 
``Consumer Price Index for Elderly Consumers''.
    (d) Effective Date.--The amendments made by this section shall 
apply to determinations made with respect to cost-of-living computation 
quarters (as defined in section 215(i)(1)(B) of the Social Security Act 
(42 U.S.C. 415(i)(1)(B))) ending on or after September 30 of the second 
calendar year following the calendar year in which this Act is enacted.

SEC. 3. USE OF CONSUMER PRICE INDEX FOR THE ELDERLY FOR COST-OF-LIVING 
              ADJUSTMENTS OF FEDERAL ANNUITIES.

    (a) CSRS and FERS.--Section 8331(15) of title 5, United States 
Code, is amended to read as follows:
            ``(15) `price index' means the Consumer Price Index for 
        Elderly Consumers (CPI-E, as published by the Bureau of Labor 
        Statistics of the Department of Labor);''.
    (b) Applicability.--The amendments made by this section shall apply 
to determinations made with respect to cost-of-living computation 
quarters ending on or after September 30 of the second calendar year 
following the calendar year in which this Act is enacted.

SEC. 4. USE OF CONSUMER PRICE INDEX FOR THE ELDERLY FOR COST-OF-LIVING 
              ADJUSTMENTS OF RETIRED PAY AND RETAINER PAY OF MEMBERS OF 
              THE ARMED FORCES.

    (a) In General.--Section 1401a(g)(1) of title 10, United States 
Code, is amended by striking ``Consumer Price Index (all items, United 
States city average)'' and inserting ``Consumer Price Index for the 
Elderly''.
    (b) Application of Amendment.--The amendment made by subsection (a) 
shall apply only to adjustments of retired and retainer pay of members 
of the Armed Forces effective after the date of the enactment of this 
Act.

SEC. 5. LIMITATION ON CERTAIN INCREASES IN MEDICARE PART B PREMIUMS.

    Section 1839(f) of the Social Security Act (42 U.S.C. 1395r(f)) is 
amended in the first sentence--
            (1) by striking ``such increase would reduce'' and 
        inserting the following: ``such increase--
            ``(1) for calendar years beginning before the date of the 
        enactment of section 5 of the Seniors' Security Act of 2017, 
        would reduce''; and
            (2) by striking the period at the end and inserting the 
        following: ``; and
            ``(2) for calendar years beginning on or after the date of 
        the enactment of section 5 of the Seniors' Security Act of 
        2017, would exceed 30 percent of the difference between the 
        amount of benefits payable to that individual for that December 
        and the amount of benefits payable to that individual for that 
        November (both amounts determined before the deduction of a 
        premium under this section).''.
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