Inflation Transparency for Seniors Act
This bill requires the Social Security Administration (SSA) to include information about specified consumer price indexes and their effects on Social Security benefits in account statements.
Specifically, the SSA must (1) include the most recent 10-year projections of the Consumer Price Index for All Urban Consumers, and (2) explain that cost-of-living increases for Social Security benefits are calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers.
To amend title XI of the Social Security Act to require social security 
account statements to include 10-year projections of the Consumer Price 
         Index for All Urban Consumers, 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 ``Inflation Transparency for Seniors 
Act''.

SEC. 2. PROJECTIONS TO BE INCLUDED IN SOCIAL SECURITY ACCOUNT 
              STATEMENTS.

    Section 1143(a)(2) of the Social Security Act is amended--
            (1) in subparagraph (D), by striking ``and'' at the end;
            (2) in subparagraph (E), by striking the period at the end 
        and inserting ``; and''; and
            (3) by adding at the end the following:
            ``(F) The most recent 10-year projections, as of the date 
        of the request, of the Consumer Price Index for All Urban 
        Consumers (CPI-U), as such projections are published by the 
        Congressional Budget Office, and an explanation that future 
        cost-of-living benefit increases will be calculated based on 
        the Consumer Price Index for Urban Wage Earners and Clerical 
        Workers (CPI-W) and that such projections are not intended to 
        reflect such benefit increases.''.
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Inflation Transparency for Seniors Act
To amend title XI of the Social Security Act to require social security account statements to include 10-year projections of the Consumer Price Index for All Urban Consumers, and for other purposes.
Inflation Transparency for Seniors Act
Rep. Stauber, Pete