Back to all bills
HR 5841119th CongressIn Committee
Boosting Benefits and COLAs for Seniors Act
Introduced: Oct 28, 2025
Sponsor: Rep. Budzinski, Nikki [D-IL-13] (D-Illinois)
Social Services
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Boosting Benefits and COLAs for Seniors Act amends the Social Security Act to mandate using the Consumer Price Index for Elderly Consumers (CPI-E) instead of CPI-W for determining cost-of-living adjustments, ensuring Social Security and SSI benefits better reflect seniors' actual spending patterns with higher potential annual increases starting after September 2026.
Key Points
- 1Replaces the current CPI-W index with CPI-E for Social Security benefit adjustments under titles II, VIII, and XVI, selecting whichever index yields higher cost-of-living increases for beneficiaries.
- 2Requires the Bureau of Labor Statistics to publish a new official Consumer Price Index specifically for Americans aged 62+ to accurately track elderly spending patterns including healthcare and housing.
- 3Includes transition provisions allowing temporary use of existing research CPI-E data until official publication begins, with all changes applying to COLA determinations after September 30, 2026.
Impact Areas
Social Security beneficiaries aged 62+ receiving retirement, survivors, or disability benefitsSupplemental Security Income (SSI) recipients covered under title XVIBureau of Labor Statistics tasked with developing and publishing new CPI-E methodologyFederal budget due to potentially higher annual benefit expenditure increases
Generated by LegislativeAnalysis-v3 on Nov 3, 2025