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H.R. 3572 (111th): COLA Assistance Act of 2009

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The text of the bill below is as of Sep 15, 2009 (Introduced).

I

111th CONGRESS

1st Session

H. R. 3572

IN THE HOUSE OF REPRESENTATIVES

September 15, 2009

introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To provide a cost-of-living increase for Social Security benefits for 2010 of 2.9 percent.

1.

Short title

This Act may be cited as the COLA Assistance Act of 2009.

2.

Social Security cost-of-living increase of 2.9 percent for 2010

Notwithstanding any provision of section 215(i) of the Social Security Act (42 U.S.C. 415(i)) to the contrary—

(1)

for purposes of such section 215(i), the applicable increase percentage (as defined in section 215(i)(1)(C) of such Act) with respect to the base quarter (as defined in section 215(i)(1)(A)(i) of such Act) in 2009 shall be deemed to be 2.9 percent; and

(2)

for purposes of such section 215(i) (and any provision of law cross-referring to such section 215(i) or otherwise providing for increases based on increases occurring under such section 215(i)), the increase under section 215(i)(2)(A)(ii) of such Act resulting from the application of this section shall be deemed to be an increase under such section 215(i) and not a general benefit increase.