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H.R. 2911 — what changed

Fairness for Servicemembers and their Families Act of 2024

From Introduced in House to Reported in House. 2 sections amended between Introduced in House and Reported in House.

Section 1 Short title

changed This Act may be cited as the “Fairness for Servicemembers and their Families Act of 2023”.2024”.

Sec. 2 Periodic review of automatic maximum coverage under Servicemembers’ Group Life Insurance and Veterans’ Group Life insurance

(a)
In general— Subchapter III of chapter 19 of title 38, United States Code, is amended by adding at the end the following new section:

“1980B. Periodic review of automatic maximum coverage

changed “(a) In general—On January 1, 2024, 2025, and every three five years thereafter, the Secretary shall—

“(1) complete a review of how the amount specified in section 1967(a)(3)(A)(i) compares to the amount described in subsection (b); and

“(2) submit to the Committees on Veterans’ Affairs of the House of Representatives and the Senate the results of the review.

“(b) Amount described—The amount described in this subsection is the amount equal to—

changed “(1) $400,000; $500,000; multiplied by

changed “(2) the percentage of the increase (if any) in the average of percentage by which the Consumer Price Index for the fiscal year ending changed during the five fiscal years preceding calendar year compared to the average of the Consumer Price Index for fiscal year 2005.review under subsection (a).

“(c) Consumer Price Index defined—In this section, the term Consumer Price Index means the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor.”

(b)
Clerical amendment— The table of sections at the beginning of chapter 19 of such title is amended by inserting after the item relating to section 1980A the following new item: