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Senate Bill 1299
118th Congress(2023-2024)
Fairness for Servicemembers and their Families Act of 2023
Introduced
Introduced
Introduced in Senate on Apr 26, 2023
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Text
Introduced in Senate 
Apr 26, 2023
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Introduced in Senate(Apr 26, 2023)
Apr 26, 2023
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Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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S. 1299 (Introduced-in-Senate)


118th CONGRESS
1st Session
S. 1299


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

April 26, 2023

Mr. Cornyn (for himself, Ms. Hassan, Mr. Braun, Mr. Cruz, Mr. King, Ms. Hirono, and Mr. Kelly) 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 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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Fairness for Servicemembers and their Families Act of 2023”.

SEC. 2. Periodic review of automatic maximum coverage under Servicemembers' Group Life Insurance and Veterans' Group Life insurance.

(a) In general.—Subchapter III of chapter 19 of title 38, United States Code, is amended by adding at the end the following new section:

“SECTION 1980B. Periodic review of automatic maximum coverage

“(a) In general.—On January 1, 2024, and every three years thereafter, the Secretary shall—

“(1) complete a review of how the amount specified in section 1967(a)(3)(A)(i) compares to the amount described in subsection (b); and

“(2) submit to the Committee on Veterans' Affairs of the Senate and the Committee on Veterans’ Affairs of the House of Representatives the results of the review.

“(b) Amount described.—The amount described in this subsection is the amount equal to—

“(1) $400,000; multiplied by

“(2) the percentage of the increase (if any) in the average of the Consumer Price Index for the fiscal year ending during the preceding calendar year compared to the average of the Consumer Price Index for fiscal year 2005.

“(c) Consumer Price Index defined.—In this section, the term ‘Consumer Price Index’ means the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.”.

(b) Clerical amendment.—The table of sections at the beginning of chapter 19 of such title is amended by inserting after the item relating to section 1980A the following new item:


“1980B. Periodic review of automatic maximum coverage.”.