21 | | - | NGENERAL.—Subchapter III of chapter 19 of 10 |
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22 | | - | title 38, United States Code, is amended by adding at the 11 |
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23 | | - | end the following new section: 12 |
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24 | | - | ‘‘§ 1980B. Periodic review of automatic maximum cov-13 |
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25 | | - | erage 14 |
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| 33 | + | NGENERAL.—Subchapter III of chapter 19 of 5 |
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| 34 | + | title 38, United States Code, is amended by adding at the 6 |
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| 35 | + | end the following new section: 7 |
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| 36 | + | ‘‘§ 1980B. Periodic review of automatic maximum cov-8 |
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| 37 | + | erage 9 |
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27 | | - | NGENERAL.—On January 1, 2026, and every 15 |
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28 | | - | five years thereafter, the Secretary shall— 16 |
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29 | | - | ‘‘(1) complete a review of how the amount spec-17 |
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30 | | - | ified in section 1967(a)(3)(A)(i) compares to the 18 |
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31 | | - | amount described in subsection (b); and 19 |
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32 | | - | ‘‘(2) submit to the Committees on Veterans’ Af-20 |
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33 | | - | fairs of the House of Representatives and the Senate 21 |
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34 | | - | the results of the review, which may serve as a guide 22 |
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35 | | - | for coverage increases within the existing adminis-23 |
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36 | | - | trative incremental structure. 24 3 |
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37 | | - | •HR 970 EH |
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38 | | - | ‘‘(b) AMOUNTDESCRIBED.—The amount described 1 |
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39 | | - | in this subsection is the amount equal to— 2 |
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40 | | - | ‘‘(1) $500,000; multiplied by 3 |
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41 | | - | ‘‘(2) the average percentage by which the Con-4 |
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42 | | - | sumer Price Index changed during the five fiscal 5 |
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43 | | - | years preceding the review under subsection (a). 6 |
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44 | | - | ‘‘(c) C |
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45 | | - | ONSUMERPRICEINDEXDEFINED.—In this 7 |
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46 | | - | section, the term ‘Consumer Price Index’ means the Con-8 |
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47 | | - | sumer Price Index for All Urban Consumers published by 9 |
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48 | | - | the Bureau of Labor Statistics of the Department of 10 |
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49 | | - | Labor.’’. 11 |
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| 39 | + | NGENERAL.—On January 1, 2026, and every 10 |
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| 40 | + | five years thereafter, the Secretary shall— 11 |
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| 41 | + | ‘‘(1) complete a review of how the amount spec-12 |
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| 42 | + | ified in section 1967(a)(3)(A)(i) compares to the 13 |
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| 43 | + | amount described in subsection (b); and 14 |
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| 44 | + | ‘‘(2) submit to the Committees on Veterans’ Af-15 |
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| 45 | + | fairs of the House of Representatives and the Senate 16 |
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| 46 | + | the results of the review, which may serve as a guide 17 |
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| 47 | + | for coverage increases within the existing adminis-18 |
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| 48 | + | trative incremental structure. 19 |
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| 49 | + | ‘‘(b) A |
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| 50 | + | MOUNTDESCRIBED.—The amount described 20 |
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| 51 | + | in this subsection is the amount equal to— 21 |
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| 52 | + | ‘‘(1) $500,000; multiplied by 22 |
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| 53 | + | ‘‘(2) the average percentage by which the Con-23 |
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| 54 | + | sumer Price Index changed during the five fiscal 24 |
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| 55 | + | years preceding the review under subsection (a). 25 |
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| 56 | + | VerDate Sep 11 2014 16:54 Mar 03, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H970.IH H970 |
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| 57 | + | ssavage on LAPJG3WLY3PROD with BILLS 3 |
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| 58 | + | •HR 970 IH |
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| 59 | + | ‘‘(c) CONSUMERPRICEINDEXDEFINED.—In this 1 |
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| 60 | + | section, the term ‘Consumer Price Index’ means the Con-2 |
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| 61 | + | sumer Price Index for All Urban Consumers published by 3 |
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| 62 | + | the Bureau of Labor Statistics of the Department of 4 |
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| 63 | + | Labor.’’. 5 |
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56 | | - | Passed the House of Representatives April 7, 2025. |
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57 | | - | Attest: |
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58 | | - | Clerk. 119 |
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59 | | - | TH |
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60 | | - | CONGRESS |
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61 | | - | 1 |
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62 | | - | ST |
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63 | | - | S |
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64 | | - | ESSION |
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65 | | - | |
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66 | | - | H. R. 970 |
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67 | | - | AN ACT |
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68 | | - | To amend title 38, United States Code, to require |
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69 | | - | the Secretary of Veterans Affairs to periodically |
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70 | | - | review the automatic maximum coverage under |
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71 | | - | the Servicemembers’ Group Life Insurance pro- |
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72 | | - | gram and the Veterans’ Group Life Insurance |
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73 | | - | program, and for other purposes. |
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| 70 | + | Æ |
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| 71 | + | VerDate Sep 11 2014 16:54 Mar 03, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H970.IH H970 |
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| 72 | + | ssavage on LAPJG3WLY3PROD with BILLS |
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