Cost of Living Measurement and Index Act of 2003 - Directs the Commissioner of Labor Statistics to develop a methodology for measuring the cost of living in each State.
Directs the Comptroller General to conduct a study to determine how certain Federal benefits would be increased if such cost-of-living methodology were applied. Requires such study to include determination of increases in benefits under: (1) the Elementary and Secondary Education Act of 1965; (2) earned income tax credit provisions of the Internal Revenue Code; (3) all Federal housing assistance programs; (4) the Temporary Assistance to Needy Families program; (5) the food stamp program; and (6) all other Federal nutrition assistance programs, to the extent they provide vouchers, coupons, cash grants, or cash reimbursements.
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