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House Bill 2911
118th Congress(2023-2024)
Fairness for Servicemembers and their Families Act of 2024
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Passed House on Sep 17, 2024
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H. R. 2911 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 2911


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 HOUSE OF REPRESENTATIVES

April 26, 2023

Ms. Strickland (for herself, Mr. Bacon, Mr. Kim of New Jersey, Mr. Larsen of Washington, Ms. Norton, Mr. Turner, Ms. Ross, Ms. Slotkin, and Ms. Sherrill) introduced the following bill; which was 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:

Ҥ 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 Committees on Veterans’ Affairs of the House of Representatives and the Senate 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.”.