Sec. 209. Consumer Price Index

221 words·~1 min read·/bill/113/s/1028/is/section-209

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Secretary of Labor, through the Bureau of Labor Statistics and in consultation with the Assistant Secretary for Aging, shall revise and improve the Experimental Price Index for the Elderly published by the Bureau of Labor Statistics (commonly referred to as the CPI–E ) in order for the CPI–E to be considered a reliable measure in determining future cost of living adjustments that impact Americans who are 62 years of age or older. In carrying out subsection (a), the Secretary of Labor shall— increase the number of individuals in the United States who are 62 years of age and older (referred to in this section as older adults ) sampled in the consumer expenditure survey used to establish the CPI–E; establish samples of market-based items, stores, and prices to represent the purchasing patterns of older adults; and examine the medical care component, including the cost and usage of prescription drugs, of the CPI–E taking into account that older adults have different illnesses and health care expenses, including dental expenses, than individuals in the United States who are under 62 years of age.

Not later than 2 years after the date of enactment of this Act, the Secretary of Labor shall submit to Congress a report that describes the revised CPI–E and the activities carried out by the Secretary under this section.