Senators Reed and Whitehouse propose legislation to enhance Social Security benefits for seniors amid rising healthcare costs.
Quiver AI Summary
Reed and Whitehouse Propose Social Security Enhancements: U.S. Senators Jack Reed and Sheldon Whitehouse introduced the Boosting Benefits and COLAs for Seniors Act, aiming to amend the Cost-of-Living Adjustment (COLA) formula for Social Security benefits. They argue the current formula inadequately reflects rising health care costs impacting over 70 million Americans relying on Social Security.
Legislation Details: The proposed legislation aims to use the Consumer Price Index for Americans aged 62 or older, rather than the current index, which Reed and Whitehouse believe neglects significant health care expenses. The COLA increase of 2.8% has raised concerns due to projected Medicare premium hikes that could diminish the benefits for many seniors.
Support and Impact: The act is co-sponsored by other senators and supported by various organizations, emphasizing its critical role in ensuring older Americans maintain financial security as costs rise. As healthcare and living expenses continue to escalate, the legislation seeks to enhance long-term Social Security benefits for vulnerable populations.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Sheldon Whitehouse Net Worth
Quiver Quantitative estimates that Sheldon Whitehouse is worth $25.7M, as of October 29th, 2025. This is the 50th highest net worth in Congress, per our live estimates.
Whitehouse has approximately $22.8M invested in publicly traded assets which Quiver is able to track live.
You can track Sheldon Whitehouse's net worth on Quiver Quantitative's politician page for Whitehouse.
Sheldon Whitehouse Bill Proposals
Here are some bills which have recently been proposed by Sheldon Whitehouse:
- S.2918: REPO Implementation Act of 2025
- S.2883: Quantifying Uncertainty and Action to Help Optimize Growth of Shellfish Act of 2025
- S.2749: A bill to exempt Medicare from any sequestration under Statutory PAYGO that is caused by the One Big Beautiful Bill Act.
- S.2540: Comprehensive Addiction and Recovery Justice Grant Reauthorization Act
- S.2533: Pick Up After Your DOGE Act
- S.2402: First-Time Homebuyer Tax Credit Act of 2025
You can track bills proposed by Sheldon Whitehouse on Quiver Quantitative's politician page for Whitehouse.
Sheldon Whitehouse Fundraising
Sheldon Whitehouse recently disclosed $182.3K of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 519th most from all Q3 reports we have seen this year. 90.3% came from individual donors.
Whitehouse disclosed $161.2K of spending. This was the 376th most from all Q3 reports we have seen from politicians so far this year.
Whitehouse disclosed $1.2M of cash on hand at the end of the filing period. This was the 293rd most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Sheldon Whitehouse's fundraising on Quiver Quantitative.
