| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 385 |
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| 5 | 5 | | To amend title 38, United States Code, to require the Secretary of Veterans |
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| 6 | 6 | | Affairs to periodically review the automatic maximum coverage under |
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| 7 | 7 | | the Servicemembers’ Group Life Insurance program and the Veterans’ |
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| 8 | 8 | | Group Life Insurance program, and for other purposes. |
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| 9 | 9 | | IN THE SENATE OF THE UNITED STATES |
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| 10 | 10 | | FEBRUARY4, 2025 |
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| 11 | 11 | | Mr. C |
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| 12 | 12 | | ORNYN(for himself, Ms. HASSAN, Mr. CRUZ, and Mr. KING) introduced |
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| 13 | 13 | | the following bill; which was read twice and referred to the Committee |
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| 14 | 14 | | on Veterans’ Affairs |
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| 15 | 15 | | A BILL |
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| 16 | 16 | | To amend title 38, United States Code, to require the Sec- |
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| 17 | 17 | | retary of Veterans Affairs to periodically review the auto- |
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| 18 | 18 | | matic maximum coverage under the Servicemembers’ |
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| 19 | 19 | | Group Life Insurance program and the Veterans’ Group |
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| 20 | 20 | | Life Insurance program, and for other purposes. |
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| 21 | 21 | | Be it enacted by the Senate and House of Representa-1 |
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| 22 | 22 | | tives of the United States of America in Congress assembled, 2 |
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| 23 | 23 | | SECTION 1. SHORT TITLE. 3 |
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| 24 | 24 | | This Act may be cited as the ‘‘Fairness for 4 |
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| 25 | 25 | | Servicemembers and their Families Act of 2025’’. 5 |
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| 26 | 26 | | VerDate Sep 11 2014 23:01 Feb 28, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S385.IS S385 |
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| 27 | 27 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 28 | 28 | | •S 385 IS |
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| 29 | 29 | | SEC. 2. PERIODIC REVIEW OF AUTOMATIC MAXIMUM COV-1 |
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| 30 | 30 | | ERAGE UNDER SERVICEMEMBERS’ GROUP 2 |
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| 31 | 31 | | LIFE INSURANCE AND VETERANS’ GROUP 3 |
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| 32 | 32 | | LIFE INSURANCE. 4 |
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| 33 | 33 | | (a) I |
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| 34 | 34 | | NGENERAL.—Subchapter III of chapter 19 of 5 |
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| 35 | 35 | | title 38, United States Code, is amended by adding at the 6 |
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| 36 | 36 | | end the following new section: 7 |
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| 37 | 37 | | ‘‘§ 1980B. Periodic review of automatic maximum cov-8 |
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| 38 | 38 | | erage 9 |
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| 39 | 39 | | ‘‘(a) I |
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| 40 | 40 | | NGENERAL.—On January 1, 2026, and every 10 |
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| 41 | 41 | | five years thereafter, the Secretary shall— 11 |
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| 42 | 42 | | ‘‘(1) complete a review of how the amount spec-12 |
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| 43 | 43 | | ified in section 1967(a)(3)(A)(i) compares to the 13 |
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| 44 | 44 | | amount described in subsection (b); and 14 |
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| 45 | 45 | | ‘‘(2) submit to the Committees on Veterans’ Af-15 |
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| 46 | 46 | | fairs of the House of Representatives and the Senate 16 |
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| 47 | 47 | | the results of the review, which may serve as a guide 17 |
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| 48 | 48 | | for coverage increases within the existing adminis-18 |
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| 49 | 49 | | trative incremental structure. 19 |
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| 50 | 50 | | ‘‘(b) A |
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| 51 | 51 | | MOUNTDESCRIBED.—The amount described 20 |
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| 52 | 52 | | in this subsection is the amount equal to— 21 |
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| 53 | 53 | | ‘‘(1) $500,000; multiplied by 22 |
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| 54 | 54 | | ‘‘(2) the average percentage by which the Con-23 |
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| 55 | 55 | | sumer Price Index changed during the five fiscal 24 |
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| 56 | 56 | | years preceding the review under subsection (a). 25 |
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| 57 | 57 | | VerDate Sep 11 2014 23:01 Feb 28, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S385.IS S385 |
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| 58 | 58 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 |
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| 59 | 59 | | •S 385 IS |
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| 60 | 60 | | ‘‘(c) CONSUMERPRICEINDEXDEFINED.—In this 1 |
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| 61 | 61 | | section, the term ‘Consumer Price Index’ means the Con-2 |
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| 62 | 62 | | sumer Price Index for All Urban Consumers published by 3 |
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| 63 | 63 | | the Bureau of Labor Statistics of the Department of 4 |
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| 64 | 64 | | Labor.’’. 5 |
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| 65 | 65 | | (b) C |
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| 66 | 66 | | LERICALAMENDMENT.—The table of sections 6 |
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| 67 | 67 | | at the beginning of chapter 19 of such title is amended 7 |
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| 68 | 68 | | by inserting after the item relating to section 1980A the 8 |
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| 69 | 69 | | following new item: 9 |
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| 70 | 70 | | ‘‘1980B. Periodic review of automatic maximum coverage.’’. |
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| 71 | 71 | | Æ |
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| 72 | 72 | | VerDate Sep 11 2014 23:01 Feb 28, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\S385.IS S385 |
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| 73 | 73 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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