The purpose of this legislation, known as the Boosting Benefits and COLAs for Seniors Act, is to improve the way cost-of-living adjustments (COLAs) are calculated for Social Security benefits. The goal is to ensure that these adjustments more accurately reflect the expenses faced by older Americans. The key provision of the Act requires the Commissioner of Social Security to use the Consumer Price Index for Elderly Consumers (CPI-E) when determining COLAs for Social Security benefits.