Sec. 2. Consumer price index for elderly consumers
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/bill/113/s/2382/is/section-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Bureau of Labor Statistics of the Department of Labor shall prepare and publish an index for each calendar month to be known as the Consumer Price Index for Elderly Consumers or CPI-E that indicates the average change over time in the prices paid by individuals in the United States who are 62 years of age and older for a market basket of consumer goods and services. In carrying out subsection (a), the Bureau of Labor Statistics shall— increase the number of individuals in the United States who are 62 years of age and older sampled in the consumer expenditure survey used to establish the CPI-E above the number of such individuals sampled for purposes of determining the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W); 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.
There are authorized to be appropriated such sums as are necessary to carry out the provisions of this section. The section shall apply with respect to calendar months ending on or after July 31 of the calendar year following the calendar year in which this Act is enacted.