Protect Veterans from Financial Fraud Act

Bill: 114-hr-2975
Sponsor: full_name: Rep. Brownley, Julia [D-CA-26]
Introduced: 2015-07-08
Policy area: Armed Forces and National Security
Subjects: Fraud offenses and financial crimes

Veterans' pensions and compensation
Latest action: action_date: 2015-07-17
text: Referred to the Subcommittee on Disability Assistance and Memorial Affairs.

Summaries:
action_date: 2015-07-08
action_desc: Introduced in House
text: <p><strong>Protect Veterans from Financial Fraud Act</strong></p> <p>This bill states that, in any case not involving negligent failure by the Department of Veterans Affairs (VA) to investigate or monitor a fiduciary that results in fiduciary misuse of benefits, but in which any fiduciary misuses all or part of an individual's benefit paid to the fiduciary, the VA shall pay to the beneficiary or the beneficiary's successor fiduciary an amount equal to the amount of the misused benefit.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2975 IN THE HOUSE OF REPRESENTATIVES July 8, 2015 Ms. Brownley of California (for herself and Mr. DeSaulnier ) introduced the following bill; which was referred to the Committee on Veterans’ Affairs A BILL To amend title 38, United States Code, to ensure that the Secretary of Veterans Affairs repays the misused benefits of veterans with fiduciaries.

1. Short title This Act may be cited as the Protect Veterans from Financial Fraud Act . 2. Repayment of misused benefits (a) In general Section 6107(b) of title 38, United States Code, is amended— (1) in paragraph (1), by striking In any case in which a fiduciary described in paragraph (2) and inserting In any case not covered by subsection (a) in which a fiduciary ; (2) by striking paragraph (2); and (3) by redesignating paragraph (3) as paragraph (2). (b) Application The amendments made by subsection (a) shall apply with respect to the misuse of benefits by a fiduciary occurring on or after the date of the enactment of this Act.