Section 1 Short title
This Act may be cited as the “VA Insurance Improvement Act”.
VA Insurance Improvement Act
A BILL
To amend title 38, United States Code, to make certain improvements to the laws administered by the Secretary of Veterans Affairs relating to insurance for veterans, and for other purposes.
Sec. 2 Expansion of veterans life insurance program
in subsection (a)—
in paragraph (1), by striking “service-disabled”;
by striking paragraph (3);
by redesignating paragraphs (4) through (6) as paragraphs (3) through (5), respectively; and
in paragraph (5)(A), as so redesignated, by striking “paragraph (5)” and inserting “paragraph (4)”;
in subsection (b), by striking “the veteran has a service-connected disability” and all that follows through the period at the end of paragraph (2) and inserting the following: “the veteran submits an application for such insurance before the veteran attains 81 years of age.”; and
in subsection (c)(2)(B)(ii), by striking “subsection (a)(5)” and inserting “subsection (a)(4)”.
Clerical amendments—
Section heading— Such section is further amended by striking the section heading and inserting the following:
“1922B. Veterans Affairs life insurance”
Table of sections— The table of sections at the beginning of chapter 19 of such title is amended by striking the item relating to section 1922B and inserting the following new item:
Sec. 3 Veterans’ mortgage life insurance reimbursement of administrative costs
Section 2106(d) of title 38, United States Code, is amended—
by redesignating paragraph (2) as paragraph (3);
by inserting after paragraph (1) the following new paragraph (2):
“(2) For each fiscal year, the Secretary shall determine the administrative costs to the Department that, in the judgment of the Secretary, are properly allocable to the provision of insurance under this section and shall reimburse the “General Operating Expenses” appropriations account and the “Information Technology Systems, Department of Veterans Affairs” appropriations account of the Department in appropriate amounts for such administrative costs from amounts in the “Veterans Insurance and Indemnities” appropriation account.”
in paragraph (3), as so redesignated, by striking “such account” and inserting “the “Veterans Insurance and Indemnities” appropriation account”.
Sec. 4 Inclusion of Space Force in eligibility for TSGLI
Section 1965(6) of title 38, United States Code, is amended by inserting “Space Force,” after “Marine Corps,”.