Title: Emergency Social Security COLA for 2021 Act
Policy area: Social Welfare

Summary:
Emergency Social Security COLA for 2021 Act
This bill applies a 3% cost-of-living increase to Social Security benefits and Supplemental Security Income payable in calendar year 2021. The bill also disregards this increase for purposes of determining an individual's eligibility for federally funded, means-tested programs.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8598 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 8598

    To provide for a 3 percent cost-of-living adjustment for social 
  security and supplemental security income beneficiaries in calendar 
                   year 2021, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 16, 2020

  Mr. DeFazio (for himself, Mr. Larson of Connecticut, Mr. Tonko, Ms. 
 Norton, Mr. Rose of New York, Mr. Deutch, Mr. Courtney, Mrs. Beatty, 
   Mr. Vela, Mr. Cicilline, Ms. Barragan, Mr. Brown of Maryland, Mr. 
 Hastings, Ms. Spanberger, Mr. Kilmer, Ms. Jayapal, Mr. Garamendi, Mr. 
Welch, Ms. Brownley of California, Ms. Wild, Mr. Gonzalez of Texas, Mr. 
 Ryan, Mrs. Watson Coleman, Mr. Peterson, Mr. Cohen, Ms. Pingree, Mrs. 
 Demings, Ms. Velazquez, Mr. Morelle, Ms. Roybal-Allard, Mr. Smith of 
   Washington, Ms. Escobar, Ms. Bonamici, Ms. Johnson of Texas, Ms. 
Sanchez, Mr. Sean Patrick Maloney of New York, Mr. Carbajal, Ms. Meng, 
    Mr. Pappas, Mr. Raskin, Mr. Cox of California, and Mr. Allred) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To provide for a 3 percent cost-of-living adjustment for social 
  security and supplemental security income beneficiaries in calendar 
                   year 2021, 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 ``Emergency Social Security COLA for 
2021 Act''.

SEC. 2. 3 PERCENT COST-OF-LIVING ADJUSTMENT FOR CALENDAR YEAR 2021.

    (a) In General.--Notwithstanding paragraph (1)(C) of section 215(i) 
of the Social Security Act (42 U.S.C. 415(i)), the applicable increase 
percentage for the cost-of-living computation quarter in calendar year 
2020 is deemed to be 3 percent for purposes of computing increases 
provided under paragraph (2)(A)(ii) of such section.
    (b) No Effect on Eligibility or Amount of Federally Funded 
Benefits.--In any case in which the benefits or assistance paid to an 
individual under any Federal program or under any State or local 
program financed in whole or in part with Federal funds are increased 
as a result of the enactment of subsection (a), such increase shall be 
disregarded for purposes of determining--
            (1) the eligibility of such individual (or the individual's 
        spouse or family) for benefits or assistance under any other 
        such program; and
            (2) the amount or extent of such benefits or assistance.
    (c) Hold Harmless for the Social Security Trust Funds.--There are 
appropriated, out of any moneys in the Treasury not otherwise 
appropriated, to each of the Federal Old-Age and Survivors Insurance 
Trust Fund and the Federal Disability Insurance Trust Fund for each 
fiscal year such amounts as the chief actuary of the Social Security 
Administration shall certify are necessary to place each such Trust 
Fund in the same position at the end of such fiscal year as it would 
have been in if subsection (a) had not been enacted.
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