A bill to direct the Secretary of Veterans Affairs to update the payment system of the Department of Veterans Affairs to allow for electronic fund transfer of educational assistance, administered by the Secretary, to a foreign institution of higher education, and for other purposes.

Bill: 118-s-1090
Sponsor: full_name: Sen. Menendez, Robert [D-NJ]
Introduced: 2023-03-30
Policy area: Armed Forces and National Security
Subjects: Bank accounts, deposits, capital

Foreign and international banking

Higher education

Student aid and college costs

Veterans' education, employment, rehabilitation
Latest action: action_date: 2023-04-26
text: Committee on Veterans' Affairs. Hearings held. Hearings printed: S.Hrg. 118-160.

Summaries:
action_date: 2023-03-30
action_desc: Introduced in Senate
text: <p>This bill requires the Department of Veterans Affairs (VA) to update its payment system to allow for electronic fund transfer of VA educational assistance to a foreign institution of higher education that provides an approved course of education to eligible recipients and does not have an employer identification number or an account with a domestic bank.</p>

tv_txt: II 118th CONGRESS 1st Session S. 1090 IN THE SENATE OF THE UNITED STATES March 30, 2023 Mr. Menendez introduced the following bill; which was read twice and referred to the Committee on Veterans' Affairs A BILL To direct the Secretary of Veterans Affairs to update the payment system of the Department of Veterans Affairs to allow for electronic fund transfer of educational assistance, administered by the Secretary, to a foreign institution of higher education, and for other purposes.

1. Payment of VA educational assistance via electronic fund transfer to a foreign institution of higher education Not later than 90 days after the date of the enactment of this Act, the Secretary of Veterans Affairs shall update the payment system of the Department of Veterans Affairs to allow for electronic fund transfer of educational assistance, administered by the Secretary, to a foreign institution of higher education that— (1) provides an approved course of education to an eligible recipient of such assistance; and (2) does not have— (A) an employer identification number; or (B) an account with a domestic bank.