Disability Assistance and Memorial Affairs Subcommittee, Veterans' Affairs Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Veteran Families Financial Support Act This bill requires the Department of Veterans Affairs (VA) to implement a new veterans life insurance program starting January 1, 2023, for veterans with a service-connected disability. The policy does not go into force unless a veteran has been paying premiums for two years after enrollment. If a veteran dies during the two-year period, the VA shall pay the veteran's beneficiary the amount of premiums paid by the veteran plus interest. The bill phases out an existing service-disabled veteran insurance program upon the implementation of the program in this bill.
Administrative law and regulatory proceduresCongressional oversightDepartment of Veterans AffairsDisability and paralysisLife, casualty, property insuranceMilitary personnel and dependentsVeterans' pensions and compensation
Veteran Families Financial Support Act
USA116th CongressHR-6013| House
| Updated: 3/9/2020
Veteran Families Financial Support Act This bill requires the Department of Veterans Affairs (VA) to implement a new veterans life insurance program starting January 1, 2023, for veterans with a service-connected disability. The policy does not go into force unless a veteran has been paying premiums for two years after enrollment. If a veteran dies during the two-year period, the VA shall pay the veteran's beneficiary the amount of premiums paid by the veteran plus interest. The bill phases out an existing service-disabled veteran insurance program upon the implementation of the program in this bill.
Administrative law and regulatory proceduresCongressional oversightDepartment of Veterans AffairsDisability and paralysisLife, casualty, property insuranceMilitary personnel and dependentsVeterans' pensions and compensation