Fairness for Servicemembers and their Families Act of 2024
This bill requires the Department of Veterans Affairs (VA) to periodically review and report on the maximum coverage available under the Servicemembers' Group Life Insurance and Veterans' Group Life Insurance programs. Specifically, the VA must review such coverage amount every five years, taking into account the average percentage by which the Consumer Price Index for All Urban Consumers (CPI-U) increased in the five fiscal years preceding the review.
Fairness for Servicemembers and their Families Act of 2023
This bill requires the Department of Veterans Affairs (VA) to periodically review and report on the maximum coverage available under the Servicemembers' Group Life Insurance and Veterans' Group Life Insurance programs. Specifically, the VA must review such coverage amount every three years, taking into account the percentage increase in the average of the Consumer Price Index for All Urban Consumers (CPI-U) for the fiscal year ending during the preceding calendar year compared to the average of the CPI-U for FY2005.
Bost moved to suspend the rules and pass the bill, as amended.
(consideration: CR H5284-5285)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5284)