Calendar No. 290
117th CONGRESS 2d Session |
To amend title 38, United States Code, to increase automatic maximum coverage under the Servicemembers’ Group Life Insurance program and the Veterans’ Group Life Insurance program, and for other purposes.
September 22 (legislative day, September 21), 2021
Mr. Tuberville (for himself, Mr. Cramer, Mr. Scott of Florida, Mr. Braun, Mr. Barrasso, Ms. Lummis, Mr. Wicker, Mr. Cornyn, and Mr. Rounds) introduced the following bill; which was read twice and referred to the Committee on Veterans' Affairs
March 1, 2022
Reported by Mr. Tester, without amendment
To amend title 38, United States Code, to increase 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,
This Act may be cited as the “Supporting Families of the Fallen Act”.
SEC. 2. Increase in automatic maximum coverage under Servicemembers' Group Life Insurance and Veterans' Group Life Insurance.
(a) In general.—Section 1967(a)(3)(A)(i) of title 38, United States Code, is amended by striking “$400,000” and inserting “$500,000”.
(b) Effective date.—The amendment made by subsection (a) shall take effect on the later of—
(1) the date that is 60 days after the date of the enactment of this Act; or
(2) the date on which the Secretary of Veterans Affairs determines that—
(A) the amount for which a member will be insured pursuant to the amendment made by subsection (a) and the premiums for such amount are administratively and actuarially sound for the Servicemembers' Group Life Insurance program under subchapter III of chapter 19 of title 38, United States Code, and the Veterans' Group Life Insurance program under section 1977 of such title; and
(B) the increase in such amount carried out pursuant to the amendment will not result in such programs operating at a loss.
Calendar No. 290 | |||||
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A BILL | |||||
To amend title 38, United States Code, to increase automatic maximum coverage under the Servicemembers’ Group Life Insurance program and the Veterans’ Group Life Insurance program, and for other purposes. | |||||
March 1, 2022 | |||||
Reported without amendment |