1. Short title This Act may be cited as the Fair COLA for Seniors Act of 2017 . 2. One-time cost-of-living (COLA) increase for calendar year 2017 (a) 3.9% COLA provided To match recent growth in CEO pay Effective with the month of July 2017, the Commissioner of Social Security shall increase each of the amounts described in subclauses (I) through (III) of section 215(i)(2)(A)(ii) of the Social Security Act by 3.9 percent. (b) No effect on annual cost-of-Living increases For purposes of applying subparagraphs (A) and (B) of section 215(i)(1) of the Social Security Act in calendar years 2017 and 2018, the increase under subsection (a) shall not be considered a general benefit increase under title II of the Social Security Act. 3. Consumer Price Index for Elderly Consumers (a) In general Section 215(i)(1) of the Social Security Act ( 42 U.S.C. 415(i)(1) ) is amended by adding at the end the following new subparagraph: (H) the term Consumer Price Index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor). . (b) Application to pre-1979 law (1) In general Section 215(i)(1) of the Social Security Act as in effect in December 1978, and as applied in certain cases under the provisions of such Act as in effect after December 1978, is amended by adding at the end the following new subparagraph: (D) the term Consumer Price Index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor). . (2) Conforming amendment Section 215(i)(4) of the Social Security Act ( 42 U.S.C. 415(i)(4) ), as amended by section 2(a)(3) of this Act, is further amended by striking section 2 and inserting sections 2 and 3 . (c) No effect on adjustments under other laws Section 215(i) of the Social Security Act ( 42 U.S.C. 415(i) ) is amended by adding at the end the following: (6) Any provision of law (other than in this title, title VIII, or title XVI) which provides for adjustment of an