WatchGov

119th Congress

H.R. 491

Equal COLA Act

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor
C001078
Introduced
Jan 16, 2025
Policy area
Government Operations and Politics
Committees
House Committee on Oversight and Government Reform
Official text
Introduced in House · Congress.gov page

Cosponsors (90)

Original cosponsors (27)
Added later (63)

Summary

Summary by the Congressional Research Service· describes the “Introduced in House” version

Equal COLA Act This bill applies a cost-of-living adjustment (COLA) for annuities paid under the Federal Employees Retirement System that is equal to the increase in inflation, regardless of the amount of the increase. Specifically, for any year in which the Consumer Price Index (CPI) has increased over the previous year, the COLA amount shall be increased by the change in the CPI from the previous year. Current law applies an adjustment equal to the change in CPI only if the change is 2% or less. If the change is between 2% and 3%, the adjustment is limited to 2%. If the change is more than 3%, the adjustment is limited to 1% less than the change.

Roll-call votes

No recorded votes on this bill.

Actions