Fix IOUs for Student Veterans Act of 2018

Bill: 115-s-5
Sponsor: full_name: Sen. Gardner, Cory [R-CO]
Introduced: 2018-12-04
Policy area: Armed Forces and National Security
Subjects: Accounting and auditing

Department of Veterans Affairs

Executive agency funding and structure

Government studies and investigations

Student aid and college costs

Veterans' education, employment, rehabilitation
Latest action: action_date: 2018-12-04
text: Read twice and referred to the Committee on Veterans' Affairs.

Summaries:
action_date: 2018-12-04
action_desc: Introduced in Senate
text: <p><b>Fix Immediately Outstanding Underpayments for Student Veterans Act of 2018 or the Fix IOUs for Student Veterans Act of 2018</b></p> <p>This bill requires the Department of Veterans Affairs to pay the difference to individuals who received a deficient monthly educational assistance stipend during a specific time span due to difficulties encountered in implementing amendments made to the Harry W. Colmery Veterans Educational Assistance Act<a name="summary">, commonly known as the Forever GI Bill. Among other things, changes made to the act affected the calculation of the housing stipend amount based on campus location.</a></p>

tv_txt: II 115th CONGRESS 2d Session S. 5 IN THE SENATE OF THE UNITED STATES December 4, 2018 Mr. Gardner (for himself and Mr. Jones ) introduced the following bill; which was read twice and referred to the Committee on Veterans' Affairs A BILL To require the Secretary of Veterans Affairs to pay individuals who are owed educational assistance under the Post-9/11 Educational Assistance program the amounts of educational assistance that they are entitled to by law, and for other purposes.

1. Short title This Act may be cited as the Fix Immediately Outstanding Underpayments for Student Veterans Act of 2018 or the Fix IOUs for Student Veterans Act of 2018 . 2. Payment of amounts owed under Post-9/11 Educational Assistance program (a) In general The Secretary of Veterans Affairs shall ensure that on or before the date that is 60 days after the date of the enactment of this Act, each individual who received a monthly stipend under section 3313 of title 38, United States Code, during the period beginning on August 1, 2018, and ending on December 31, 2018, in an amount that was less than the amount to which the individual was entitled under such section is provided an amount that is equal to the difference between— (1) the amount of monthly stipend to which the individual is entitled under such section; and (2) the amount of monthly stipend the individual received under such section. (b) Establishment of commission The Secretary shall establish a commission on the correction of payments of monthly stipend under such section that were deficient as a result of difficulties encountered by the Department of Veterans Affairs in carrying out such section after the enactment of sections 107 and 501 of the Harry W. Colmery Veterans Educational Assistance Act of 2017 ( Public Law 115–48 ; 38 U.S.C. 3313 note and 37 U.S.C. 403 note). (c) Audits The commission established under subsection (b) shall audit each payment of monthly stipend made under such section during the period beginning on August 1, 2018, and ending on December 31, 2018, to determine whether the amount of the payment was deficient with respect to the amounts of monthly stipend that were required pursuant to section 3313 of such title as in effect at the time. (d) Hiring authority The Secretary may hire such personnel as the Secretary considers appropriate to carry out this section. (e) Treatment of overpayments An overpayment of monthly stipend under section 3313 of title 38, United States Code, that occurred during the period beginning on August 1, 2018, and ending on December 31, 2018, and that occurred as a result of difficulties described in subsection (b) shall be treated as if the Secretary had made a determination under section 5302(a) of such title that recovery would be against equity and good conscience. (f) Authorization of appropriations There is authorized to be appropriated to the Secretary such sums as may be necessary to carry out this section.