The Locality-based Social Security Benefits Act of 2023 aims to adjust Social Security benefits based on the cost of living in different regions. The bill proposes providing higher benefits to recipients living in areas with a higher cost of living to better reflect their expenses. This adjustment would help address disparities in the purchasing power of Social Security benefits across various regions in the United States. By implementing this change, the bill seeks to ensure that beneficiaries can meet their basic needs more effectively, particularly in areas with higher living costs.
2023-03-08: Introduced in House
2023-03-08: Referred to the House Committee on Ways and Means.
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