This week, Congressman Mike Honda (D-Silicon Valley) introduced the CPI-E Act of 2015, or H.R. 3351. The CPI-E Act will require Social Security programs and many federal retirement programs to use the Consumer Price Index for the Elderly (CPI-E) to calculate cost of living adjustments and thus ensure seniors’ benefits are not diminished over time. Honda’s bill would use the CPI-E to ensure that benefits for retirees address the disproportionately rising costs specific to seniors. It will adjust the benefits programs such as Social Security old age, survivors, and disability insurance (OASDI) benefits, civil service retirement, military retirement, veterans’ pensions and compensations, and other retirement programs.
Reps. Jared Huffman (D-San Rafael) Adam Schiff (D-Burbank) and Senators Dianne Feinstein (D-Calif.) and Barbara Boxer (D-Calif.) called on the White House Office of Management and Budget to take immediate steps to protect captive orcas and marine mammals. The bicameral letter urged the agency to immediately publish long-delayed updates to the federal rules governing the treatment of captive marine mammals.
On Wednesday, the House Financial Services Committee passed H.R. 3189, the Fed Oversight Reform and Modernization (FORM) Act introduced by Congressman Bill Huizenga by a vote of 33 to 25. Rep. Huizenga’s legislation reforms the Federal Reserve by making the institution more accountable and transparent to the American people.
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