United States Congress
Social Security Cost of Living Increase Act of 2023
March 21, 2023
Summary
This bill mandates that Social Security cost-of-living adjustments be computed using the Consumer Price Index for Elderly Consumers (CPI-E) instead of the standard CPI, effective for determinations after September 30, 2024. While not a mortgage regulation, it may affect income documentation for borrowers receiving Social Security benefits.
Source: https://www.congress.gov/bill/118th-congress/hr-bill/1688
Common questions
- What does "Social Security Cost of Living Increase Act of 2023" cover?
- This bill mandates that Social Security cost-of-living adjustments be computed using the Consumer Price Index for Elderly Consumers (CPI-E) instead of the…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on March 21, 2023.