Supporting Families of the Fallen Act

Bill: 117-hr-3793
Sponsor: full_name: Rep. Roy, Chip [R-TX-21]
Introduced: 2021-06-08
Policy area: Armed Forces and National Security
Subjects: Life, casualty, property insurance

Veterans' pensions and compensation
Latest action: action_date: 2022-09-21
text: Ordered to be Reported by Voice Vote.

Summaries:
action_date: 2021-06-08
action_desc: Introduced in House
text: <p><strong>Supporting Families of the Fallen Act</strong></p> <p>This bill increases from $400,000 to $500,000 the maximum coverage amount for members (or former members) of a uniformed service under the Servicemembers' Group Life Insurance program and the Veterans' Group Life Insurance program.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 3793 IN THE HOUSE OF REPRESENTATIVES June 8, 2021 Mr. Roy (for himself, Mrs. Miller-Meeks , Mr. Levin of California , and Ms. Slotkin ) introduced the following bill; which was referred to the Committee on Veterans' Affairs A BILL To authorize the Secretary of Veterans Affairs to increase the maximum amount of a policy under the Veterans' Group Life Insurance and Servicemembers' Group Life Insurance, and for other purposes.

1. Short title This Act may be cited as the Supporting Families of the Fallen Act . 2. Veterans Group Life Insurance, Servicemember 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 and determination of the Secretary This Act shall take effect on the later of— (1) 60 days after the date of enactment of this Act; or (2) the 1st date on which the Secretary of Veterans Affairs determines that— (A) the new maximum amount and the premiums for such amount are administratively and actuarially sound for the insurance program; and (B) this change will not result in such program operating at a loss.