Honor the Heroes Act of 2019

To extend authorization for the September 11th Victim Compensation Fund of 2001 through fiscal year 2025, and for other purposes. 1. Short title This Act may be cited as the Honor the Heroes Act of 2019 2. September 11th Victim Compensation Fund of 2001 (a) Authorization and funding Section 410 of the Air Transportation Safety and System Stabilization Act ( 49 U.S.C. 40101 (1) in subsection (c), by striking such sums as may be necessary for fiscal year 2019 and each fiscal year thereafter through fiscal year 2092 $11,991,000,000 for fiscal year 2020 and each fiscal year thereafter through fiscal year 2025 (2) by striking subsection (e). (b) Extending filing deadline Section 405(a)(3)(B) of the Air Transportation Safety and System Stabilization Act ( 49 U.S.C. 40101 October 1, 2090 5 years after the date of enactment of the Honor the Heroes Act of 2019 (c) Compensation reduced by Special Master due to lack of funding Section 406(d)(2)(C)(ii) of the Air Transportation Safety and System Stabilization Act ( 49 U.S.C. 40101 each year thereafter not less than once every 5 years thereafter (d) Adjustment of gross income limitation Section 405(b)(7)(B)(ii) of the Air Transportation Safety and System Stabilization Act ( 40 U.S.C. 40101 (1) by striking In considering (I) In general Subject to subclause (II), in considering ; and (2) by adding at the end the following: (II) Adjustment The Special Master shall adjust the amount of the limitation under subclause (I) not more frequently than once every 2 years to reflect the percentage by which the Consumer Price Index for All Urban Consumers published by the Department of Labor for the month of October immediately preceding the date of adjustment exceeds the Consumer Price Index for All Urban Consumers published by the Department of Labor for the month of October that immediately precedes the date that is 2 years before the date of adjustment. . 3. Offset (a) In general For fiscal year 2020 and each fiscal year thereafter, the discretionary budget authority provided to each of the following for fiscal year 2019 shall be reduced by 3 percent, with the reduction applied proportionately to each account: (1) The Environmental Protection Agency. (2) The Department of the Interior. (3) The Department of Labor. (4) The Department of Housing and Urban Development. (5) The Department of Commerce. (b) Deposit into fund An amount equal to the total amount of any reduction under subsection (a) shall be deposited into the Victim Compensation Fund established under section 410 of the Air Transportation Safety and System Stabilization Act ( 49 U.S.C. 40101 (c) Conforming amendment Section 410(b) of the Air Transportation Safety and System Stabilization Act ( 49 U.S.C. 40101 (3) An amount equal to the total amount of any reduction under section 3 of the Honor the Heroes Act of 2019 .

Summary: Honor the Heroes Act of 2019 This bill modifies the funding and administration of the September 11th Victim Compensation Fund of 2001. The bill provides appropriations for the fund in specified amounts through FY2025, whereas current law provides such appropriations as may be necessary through FY2092. Additionally, beginning in FY2020, the bill redirects to the fund a portion of the annual discretionary budgets for the Environmental Protection Agency, the Department of the Interior, the Department of Labor, the Department of Housing and Urban Development, and the Department of Commerce.The bill also shortens a deadline for claimants to file certain claims for compensation from the fund.