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116-hr-6013116th Congress

Veteran Families Financial Support Act

Sponsored By: Representative Bost, Mike [R-IL-12]

Unknown

Summary

Veteran Families Financial Support Act This bill requires the Department of Veterans Affairs (VA) to implement a new veterans life insurance program starting January 1, 2023, for veterans with a service-connected disability. The policy does not go into force unless a veteran has been paying premiums for two years after enrollment. If a veteran dies during the two-year period, the VA shall pay the veteran's beneficiary the amount of premiums paid by the veteran plus interest. The bill phases out an existing service-disabled veteran insurance program upon the implementation of the program in this bill.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Bost, Mike [R-IL-12]

IL • R

Cosponsors

  • Rep. Rice, Kathleen M. [D-NY-4]

    NY • D

    Sponsored 2/28/2020

Roll Call Votes

No roll call votes available for this bill.

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