WASHINGTON, Oct. 14 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi issued the following statement today on the Seniors Protection Act, introduced by Social Security Subcommittee Chairman Earl Pomeroy of North Dakota.
"The Seniors Protection Act, introduced by subcommittee Chairman Earl Pomeroy, provides America's seniors and all Social Security recipients with a one-time payment that will help millions make ends meet during these difficult economic times.
"In the event that the Social Security Administration announces it will not provide a Cost-of-Living Adjustment (COLA) for recipients this year, the House will vote to provide seniors with a one-time payment of $250. I have asked the Ways and Means Committee to bring this legislation to the floor during the lame duck session. All Members of Congress should join us in supporting this legislation which will be fiscally responsible and upholds our bedrock promise of economic security for our nation's seniors."
SOURCE Office of the Speaker of the House