II 119THCONGRESS 1 STSESSION S. 385 To amend title 38, United States Code, to require the Secretary of Veterans Affairs to periodically review the automatic maximum coverage under the Servicemembers’ Group Life Insurance program and the Veterans’ Group Life Insurance program, and for other purposes. IN THE SENATE OF THE UNITED STATES FEBRUARY4, 2025 Mr. C ORNYN(for himself, Ms. HASSAN, Mr. CRUZ, and Mr. KING) introduced the following bill; which was read twice and referred to the Committee on Veterans’ Affairs A BILL To amend title 38, United States Code, to require the Sec- retary of Veterans Affairs to periodically review the auto- matic maximum coverage under the Servicemembers’ Group Life Insurance program and the Veterans’ Group Life Insurance program, and for other purposes. Be it enacted by the Senate and House of Representa-1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Fairness for 4 Servicemembers and their Families Act of 2025’’. 5 VerDate Sep 11 2014 23:01 Feb 28, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S385.IS S385 kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 •S 385 IS SEC. 2. PERIODIC REVIEW OF AUTOMATIC MAXIMUM COV-1 ERAGE UNDER SERVICEMEMBERS’ GROUP 2 LIFE INSURANCE AND VETERANS’ GROUP 3 LIFE INSURANCE. 4 (a) I NGENERAL.—Subchapter III of chapter 19 of 5 title 38, United States Code, is amended by adding at the 6 end the following new section: 7 ‘‘§ 1980B. Periodic review of automatic maximum cov-8 erage 9 ‘‘(a) I NGENERAL.—On January 1, 2026, and every 10 five years thereafter, the Secretary shall— 11 ‘‘(1) complete a review of how the amount spec-12 ified in section 1967(a)(3)(A)(i) compares to the 13 amount described in subsection (b); and 14 ‘‘(2) submit to the Committees on Veterans’ Af-15 fairs of the House of Representatives and the Senate 16 the results of the review, which may serve as a guide 17 for coverage increases within the existing adminis-18 trative incremental structure. 19 ‘‘(b) A MOUNTDESCRIBED.—The amount described 20 in this subsection is the amount equal to— 21 ‘‘(1) $500,000; multiplied by 22 ‘‘(2) the average percentage by which the Con-23 sumer Price Index changed during the five fiscal 24 years preceding the review under subsection (a). 25 VerDate Sep 11 2014 23:01 Feb 28, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S385.IS S385 kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 •S 385 IS ‘‘(c) CONSUMERPRICEINDEXDEFINED.—In this 1 section, the term ‘Consumer Price Index’ means the Con-2 sumer Price Index for All Urban Consumers published by 3 the Bureau of Labor Statistics of the Department of 4 Labor.’’. 5 (b) C LERICALAMENDMENT.—The table of sections 6 at the beginning of chapter 19 of such title is amended 7 by inserting after the item relating to section 1980A the 8 following new item: 9 ‘‘1980B. Periodic review of automatic maximum coverage.’’. Æ VerDate Sep 11 2014 23:01 Feb 28, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S385.IS S385 kjohnson on DSK7ZCZBW3PROD with $$_JOB