New poverty line index

(a) In general The Bureau of the Census shall develop and publish a new poverty line index to be measured separately for each State on an annual basis and to be known as the Regionally Adjusted Poverty Line. (b) Revisions The Regionally Adjusted Poverty Line shall be a revised version of the most recent poverty line that, for each State— (1) uses new poverty thresholds created by multiplying the State’s most recent poverty thresholds by its most recent Regional Price Parity, divided by 100; and (2) uses new poverty rates created by using the poverty thresholds determined in paragraph (1) rather than each State’s current poverty thresholds to determine the percentage of households that are below each State’s poverty line.